Terms and Conditions of London Gallery Auctions

Our Mission

Thank you for your interest in becoming a bidder on London Gallery Auctions, LLC., live auction site. We strive to conduct a safe and fun auction that offers outstanding value and opportunity to buy collectables, antiques, modern and vintage jewelry, watches and other items at reasonable prices. We will never appraise an item that overinflates its value. Our estimates are “true” estimates that resemble retail replacement costs equal to retail prices or below. We will in most cases not use an appraisal to list our item, however, a GIA Graduate Gemologist has looked at every item and determined the gem grading, value and description to the best of his/her ability. The description provided of the Lot shall not be construed as an appraisal. Bidder may inspect the item (or items) up to 24 hours prior to the auction date provided they make an appointment by phone or e-mail at service@londongalleryauctions.com or by phone at (805)496-2299. All Lots are sold “AS IS, WHERE IS”.

Conditions of Sale:

Before bidding online for a London Gallery Auctions, LLC. auction, you must read and accept the Terms and Conditions of Bidding. Read these terms carefully. When you sign your Bidder Registration Agreement or click the “accept” button online, you enter into a binding legal agreement with London Gallery Auctions, LLC.

Any information supplied by any employee or agent of London Gallery Auctions, LLC, in any form whatsoever, is intended solely as general guidance on the use of Online Bidding Services and the buying and selling of lots at London Gallery Auctions, LLC.

LONDON GALLERY AUCTIONS PROVIDES NO GUARANTEES OR WARRANTIES, EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE, OF ANY NATURE WHATSOEVER IN RESPECT OF THE LOTS OFFERED AT ANY LONDON GALLERY AUCTIONS. EACH AND EVERY LOT AT EVERY LONDON GALLERY AUCTION IS SOLD “AS IS, “WHERE IS”. THERE ARE NO GUARANTEES WHATSOEVER.” BIDDERS ARE STRONGLY ENCOURAGED TO INSPECT OR ASK QUESTIONS REGARDING THE LOTS BEFORE PLACING BIDS. FEEL FREE TO CALL OR EMAIL FOR FURTHER DESCRIPTION BEYOND WHAT IS POSTED ONLINE. WE WELCOME ONSITE INSPECTIONS (Please call for a private appointment).

We may require payment by wire transfer on certain transactions.

FOR US SALES ONLY: Cash, Visa, MasterCard, Discover, American Express, Check, paypal or Wire Transfer.

All bidders are required to register before bidding. Credit card information is required and will be verified to insure authenticity. This information will be used for billing, shipping, order processing and customer updates. Valid and current credit card information is required in order to complete the registration process.
All transactions over $5,000 must be paid by wire transfer without prior approval. Payment without a credit card must be approved prior to auction. All items paid by Check, Money Order or Cashier Check will be held until the check has cleared to the satisfaction of London Gallery Auctions, LLC., and its bank. California residents pay 7.50% sales tax unless merchandise is for resale and a valid California resale certificate is on file with our office.

Winning bidders will be emailed an invoice within 24 hours after the auction. If you do not receive an invoice via email it is your responsibility to contact us at (805)496-2299 or email Service@londongalleryauctions.com. Credit cards on file will be charged within 24 hours of auction close. No exceptions!

The final sales price for Property sold at auction shall consist of the following: winning bid price, buyer’s premium, and costs of shipping to the buyer, shipping insurance, any artists’ rights royalty, and sales taxes, if applicable.

Bidding Increments

Unless otherwise indicated by the auctioneer, the following bid increments will be used:

Range Bidding Amount

Bid Amount

$0

$50

$200

$500

$1,000

$2,000

$5,000

$10,000

$20,000

$50,000

$100,000

$500,000

$49

$199

$499

$999

$1,999

$4,999

$9,999

$19,999

$49,999

$99,999

$499,999

higher

Bid Increment

$5

$10

$25

$50

$100

$250

$500

$1,000

$1,500

$2,500

$5,000

$10,000

Shipping Instructions of London Gallery Auctions

Items will be shipped within 10 business days of payment in most cases. All packages are sent USPS Registered Mail unless noted in the description of the item. Packages valued under $50 are sent uninsured but with delivery confirmation, packages valued at $50 or more will be charged and require a direct signature confirmation. Shipping and insurance are charged at the USPS published rates. In the event that a package is lost by USPS, there will be a claim filed and all monies will be refunded once London Gallery Auctions, LLC. have been paid.

Special Terms:

All property is sold “AS IS, WHERE IS” and ALL SALES ARE FINAL. Neither London Gallery Auctions, LLC. nor the consignor makes any warranties or representations of any kind or nature with respect to property or its value, and in no event shall London Gallery Auctions, LLC. be responsible for the correctness of description, genuineness, attribution, provenance, authenticity, authorship, completeness, condition of property or estimate of value.

All measurements are approximate. No oral or written statement at this sale, in the catalog or elsewhere shall be deemed such a warranty or representation or any assumption of responsibility.

By placing a bid, bidder signifies that they have examined the items to their satisfaction, or that they have chosen not to personally examine them. Most of the items in this sale are subject to a reserve. The reserve is a confidential price agreed upon by the seller and auctioneer below which the item will not be sold. London Gallery Auctions, LLC. reserves the right to withdraw or pass any lot before, during or after the auction.

The highest bidder acknowledged by the auctioneer shall be the buyer. The auctioneer has the right to reject any bid and in the case of a disputed bid, the auctioneer shall have sole discretion in determining the purchaser. Bidder will be the sole judge of value, absolutely no refunds.

All sales are final. There are no cancellations, returns or refunds. Under certain circumstances, we may make an exception and allow a cancellation, return or approve a refund. However, in the case of a return the “Buyers Premium” and Shipping Cost will not be refunded.

Appraisals

London Gallery Auctions, LLC. may utilize Retail Replacement Value Appraisals, which are the most common. These types of evaluations are written for insurance needs. This would be the cost to replace the jewelry, with an item of equal quality and kind, considered to be the current replacement value. This type of appraisal is done to protect you in the event of damage or loss of a valuable item. Our appraisals are conducted by a Certified GIA Graduate Gemologists. Appraisals should be used for verification of gemstone and/or metal weight, size, and grade only, not actual value. Appraisal value should be considered for insurance purposes only, not actual value, as price varies greatly from retail locations throughout the world. Items should not be purchased with the expectation to resell for appraisal price or for a profit.

Right to Refuse Bid

Auctioneer reserves the right to reject any bid. The highest bidder as determined by the auctioneer shall be the purchaser. In the case of a disputed bid, the auctioneer shall have sole discretion in determining the purchaser and may also, at his or her election, withdraw the lot or reoffer the lot for sale. The auctioneer shall have sole discretion to refuse any bid, or refuse to acknowledge any bidder.

The Auctioneer’s decision to refuse any bid, advance the bidding in any manner, withdraw a Lot, determine a successful bidder, continue the bidding, to cancel a sale and reoffer and resell an item in dispute, is conclusive, absolute and final.

Reserves

All lots in this sale are offered subject to a reserve. The reserve is a confidential minimum price, below which the lot will not be sold, and is agreed upon by the consignor and London Gallery Auctions, LLC. In most cases, the reserve will in the high/ low estimated range, but in no case will it exceed the estimates listed.

London Gallery Auctions, LLC. reserves the right to bid on any lot below the reserve as long as the bid is not above the reserve. London Gallery Auctions, LLC. may open the bidding on any lot below the reserve to start the bidding process.

Technical Difficulties

If Property is not sold prior to the technical problem arising, the Property will be offered for sale at a later point in time that we will determine and specify on our website at www.londongalleryauctions.com or on any other website we operate [one week in advance] of the date the Property will be re-offered for sale at auction.

All winning bids that were made before the arising of the technical problems shall remain valid.

By submitting your bid, you agree that you have read and agree with the special terms and conditions.

Indemnification

You agree to indemnify, defend and hold harmless London Gallery Auctions, LLC. and its employees, agents, affiliates, successors, officers, directors and assigns, from and against any and all claims, demands, losses, damages, liabilities, costs and expenses (including attorney fees) arising out of or relating to any claim or action based upon your use of Online Bidding Services or the www.londongalleryauctions.com web site or your breach of this Agreement.

All property is sold “AS IS WHERE IS” with all faults, and neither London Gallery Auction nor the Consignor makes any representation or warranty, expressed or implied, as to the merchantability, fitness, or condition of the property or as to the correctness of description, genuineness, attribution, provenance or period of the property. By bidding, you agree to these Conditions of Sale.

No reference to imperfections is made in the catalog descriptions or verbally by the Auctioneers. Since all sales are final and London Gallery Auctions makes no refunds, please verify our descriptions and carefully view the property at a preview before you bid.

No employee of London Gallery Auctions, LLC. is authorized to make on our behalf, or that of the Consignor, any representation or warranty, oral or written with respect to any property. Before bidding online or by proxy at a London Gallery Auctions, LLC. auction, you must read and accept the Terms and Conditions of Bidding. Read these terms carefully. When you sign your Bidder Registration Agreement or click the “accept” button online, you enter into a binding legal agreement with London Gallery Auctions, LLC.

Any information supplied by any employee or agent of London Gallery Auctions, LLC., in any form whatsoever, is intended solely as general guidance on the use of Online Bidding Services and the buying and selling of lots at London Gallery Auctions, LLC’s auctions.

LONDON GALLERY AUCTIONS PROVIDES NO GUARANTEES OR WARRANTIES, EXPRESSED OR IMPLIED, STATUTORY OR OTHERWISE, OF ANY NATURE WHATSOEVER IN RESPECT OF THE LOTS OFFERED AT ANY LONDON GALLERY AUCTIONS. EACH AND EVERY LOT AT EVERY LONDON GALLERY AUCTIONS IS SOLD “AS IS, WHERE IS.” BIDDERS ARE STRONGLY ENCOURAGED TO INSPECT THE LOTS BEFORE PLACING BIDS.

Payment:

PLEASE NOTE: INSURANCE FOR YOUR PACKAGE IS AUTOMATICALLY ADDED TO THE SHIPPING COST (Packages valued under $50 are sent uninsured but with delivery confirmation). If payment arrangements are not made within 3 DAYS following the auction, items will be put back on the block and YOU WILL NOT GET THEM. London Gallery Auctions, LLC., reserves the option to hold purchases until checks clear the bank, or until authorization is obtained on credit cards or Cashier’s Checks.

Shipping:

Customers are responsible for the cost of shipping items. If London Gallery Auctions, LLC., should be prevented by fire, theft or any reason whatsoever from delivering any property to the purchaser, we are only liable to return the sum made by the purchaser.

Premium:

Premium of 18.5% (13.5% Buyer’s Premium + 5% online Fee) of the successful bid price will be added to the bid prices and is payable by the buyer as part of the total purchase price.

Taxes:

7.5% percent sales tax to all California bidders

Binding Arbitration

Any controversy or claim arising out of or relating to the Terms and Conditions, or the breach thereof, by and between London Gallery Auctions, LLC. and the Bidder, their successors, assigns, officers, shareholders and directors, shall be settled by final and binding arbitration administered by the American Arbitration Association (“AAA”), under its Commercial Arbitration Rules, in effect as of the time of filing the arbitration, with a single arbitrator. The AAA arbitrator selected shall be experienced in business/law. The arbitration shall take place within 5 miles of Thousand Oaks, Ca, or in Ventura County as needed and using California State law for agreements entered into and to be performed therein, without reference to the law of any other jurisdiction for any perceived conflict of law. The arbitrator shall have discretion to award legal fees and costs to the prevailing party. Judgment on the award rendered by the AAA arbitrator may be entered in any court having jurisdiction thereof.