In any event, any liability that The Potomack Company has for such a sale is limited to the purchase price of the item sold. a registered bidder) and does not extend to any subsequent purchasers. This guarantee is made only to the original buyer (i.e. If a buyer gives us notice within 14 days of the sale that an item that was purchased was a counterfeit and, within 7 days of such notice, provides a written report from an authority that demonstrates that the item was indeed counterfeit and that a fair reading of the catalogue description and the auctioneer's statements at the time of the sale did not indicate this, then The Potomack Company will rescind the sale and refund the purchase price to the buyer. A counterfeit for this purpose is defined as a modern fake or forgery that was made with the intent to deceive. Notwithstanding the preceding paragraph, The Potomack Company does offer a limited guarantee that items that are offered for sale are not counterfeit, unless otherwise noted in the catalogue or at the time of the sale.
No statement in the catalogue, made at the sale, or otherwise, shall be construed to be a representation, warranty or admission of liability. Neither the Auctioneer nor The Potomack Company or its representatives is responsible for the accuracy of any printed or verbal communications and descriptions. Neither The Potomack Company nor the consignor makes any representations or warranties of any kind concerning any items offered for sale. The Auctioneer will only recognize bidders who have a number so you will not be able to bid for a lot without one.Īll items that are sold at our auctions are sold 'as - is'. In order to bid, you will need to register with a Potomack Company representative and obtain a bidding number.
The Potomack Company Terms and Conditions of Sale and Limited Guaranteeīy bidding on items at our auction, you agree to accept the following conditions: All Jewelry items are sold 'as - is'.ĭiamond and colored stones weights are approximations ascertained by volumetric proportions. When items are stamped, fineness will be stated as a courtesy to our clients. Special Additional Terms and Conditions for Jewelry Sales The Virginia sales tax is calculated as 5% of the purchase price. The buyer's premium is equal to 17.5% of the hammer price up to and including $200,000, and 10% for the balance above $200,000. We strongly recommend that you determine the costs of shipping before you bid on any item.Ī buyer's premium will be added to the hammer price of each lot sold. Arranging shipping and paying for shipping costs will be solely your responsibility.
We reserve the right to charge you a late fee of 10% for any unpaid balances over 30 day.Īs previously noted, payment is due at the end of each sale unless we have authorized other arrangements.Īlthough we do not provide shipping services, we are happy to provide you with contact information for shippers so that you may inquire as to shipping costs before you bid on an item. A $50 fee will be added for any returned checks. We reserve the right to refuse to accept a personal check for any reason. If you are planning to purchase an expensive lot, you should discuss payment in advance and are encouraged to bring letters of reference from your financial institutions. We reserve the right to hold items that you have purchased until your check clears. We accept cash, checks and major credit cards. Your bid is a binding and legal contract.
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