2010 June Auction Session I & II
Event Terms & Conditions :
Purchase Price. The purchase price payable on each lot by the Purchaser shall be the total of the final Hammer Price PLUS A BUYERS PREMIUM OF TWENTY
PERCENT (20%) ON THE FIRST $200,000 AND TEN PERCENT (10%) THEREAFTER,
PLUS ANY APPLICABLE SHIPPING AND HANDLING CHARGES.
If you attend the auction, you must pre-register
and be assigned a bidder paddle number
in order to participate. Registration by the
bidder shall constitute approval and acceptance
of the following terms and conditions.
Auction
The lots presented in the auction catalog will be offered
by oral auction Saturday, June 19, 1:00 pm at
Altermann Galleries, 345 Camino del Monte Sol, Santa
Fe, NM.
Absentee Bidding
Absentee bids for auction lots will be executed by the
Gallery on behalf of the Client during the auction. The
Gallery shall not be responsible for any errors or omissions
or failure to execute such absentee bids. To reduce
the chance of error, the Gallery requests the Client make
telephone bidding arrangements at least 72 hours prior
to the auction. The Gallery requests the Client make
absentee bidding arrangements at least 72 hours prior
to the auction.
Telephone Bidding
As a convenience to Gallery clients who are unable to
attend the auction, a telephone bid service will be offered
as staff and time allow. The Gallery shall not be
responsible for any errors or omissions or failure to execute
such telephone bids. To reduce the chance of error,
the Gallery requests the Client make telephone bidding
arrangements at least 72 hours prior to the auction. We
strongly advise you to leave an absentee ‘insurance’ bid
for the lots for which you wish to be called, which will
be executed ONLY if we can not reach you.
This catalog may be amended by posted notice or oral
auction room announcement and represents Altermann
Galleries (Gallery) entire agreement with any and all
Purchasers of the property listed herein.
The following
procedures, terms and conditions on which all such
property listed is offered for auction by the Gallery as
agent for various owners or other Consignors:
1. All property will be sold by the Gallery at auction to
be conducted by Doak Lampert and Tony Altermann.
2. Altermann Galleries reserves the right to withdraw
any property at any time before the auction and shall
have no liability whatsoever for such withdrawal.
3. All property will be sold “as is” and neither the Gallery
nor Auctioneer nor Consignor make any express
or implied warranties or representations with respect to
the property or correctness of the advertisement, catalog
and any other medium used to announce this auction
or any other description of the physical condition,
quality, importance, size or authenticity of the property
offered. No reference to imperfections is made in individual
catalog descriptions of property offered for auction.
A condition report may be obtained by contacting
the Gallery. Not withstanding any condition reports or
catalog descriptions provided, all lots are offered and
sold “AS IS” in accordance with paragraph 3 of the Procedures,
Terms and Conditions of Auction. However, if
within 21 calendar days after the purchase of any lot,
the purchaser provides two opinions by recognized authorities
on the artist, and gives notice in writing to the
Gallery that the lot is not authentic, and within 7 calendar
days of such notice the purchaser returns the lot
to the Gallery in the same condition as when sold, the
Gallery will refund the full purchase price.
4. The Gallery and/or Auctioneer reserve the right to
reject any bids. The highest bidder acknowledged by
the Auctioneer shall be the Purchaser. In the event of
any dispute between bidders or a tie between bidders,
the Auctioneer will have absolute and final discretion to
either determine the successful bidder or to reoffer and
resell the property in dispute. After the auction, the Gallery’s
record of final Hammer Price shall be conclusive.
5. Unless exempt by law, the Purchaser will be required
to pay any and all New Mexico state and local sales tax.
In the event of deliveries outside New Mexico, it is the
purchaser’s responsibility to pay any applicable compensating
use tax of another state on the purchase price.
6. Terms for all purchases will be cash. Credit cards
are not accepted as payment for works of art purchased
at auction. All monies shall be made payable
to Altermann Galleries & Auctioneers. At the Gallery’s
discretion, payment will not be deemed to have been
made in full until funds represented by checks have
been collected or the authenticity of bank or cashier’s
checks has been confirmed.
7. Auction lots may not be removed from Altermann Galleries
during the auction. Shipment generally occurs within
one week after payment has been received. We prefer
to ship Federal Express. Please provide a correct street address
for our shipper. It will expedite your receipt of your
purchase. Items not removed from our warehouse after 30
days will be subject to a storage charge.
8. Some property may be offered subject to a “reserve”
or confidential minimum price below which the lot will
not be sold. In such instances the Gallery may exercise
the reserve by bidding on behalf of the Consignor.
In addition, Altermann Galleries reserves the right to
purchase property for itself or on behalf of another
party.
9. Neither the Gallery nor Auctioneer nor Consignor
make any representations whatsoever that the Purchaser
of a work of art will acquire any reproduction rights
thereto. Purchaser’s ownership of the work shall remain
subject to the copyrights of the consignor.
10. These Procedures, Terms and Conditions of Auction
and any other applicable conditions, as well as the
Purchaser’s and Gallery’s rights and obligations herein
shall be governed by, construed and enforced in accordance
with the laws of the State of New Mexico. If
these Procedures, Terms and Conditions of Auction are
not complied with by the Purchaser, the Gallery may, in
addition to other remedies available by law, including
without limitation the right to hold the Purchaser liable
for the purchase price stated on the invoice, either (a)
cancel the sale and retain as liquidated damages any and
all payments made by the Purchaser or (b) resell the
property privately or at public auction on three days notice
to the Purchaser for the payment of any deficiency
in the purchase price and all costs including handling
charges, warehousing, the commissions, attorney’s fees,
any and all other auction-related charges due and incidental
damages. In the event of a default, the Gallery reserves
the right to charge the Purchaser’s credit card on
file in the full amount owed as stated on the invoice.
11. In most instances, sculpture measurements do not
include the portion of the base that is not made of the
same material as the sculpture. In measurements for
two-dimensional art, height precedes width and does
not include frame.
12. Offerings in this catalog are subject to error, omission
or withdrawal.