June 25th Summer Chinese & Decorative Auction

1. Agreement: By placing a bid in this auction, Buyer agrees to these terms and conditions. 2. Refunds: All Sales are Final. No refunds are given under any circumstances. 3. Warranties and Representations: All property is sold AS IS. Royal Crest Auctioneers, for itself and as agent for the seller, makes no warranties or representations of any kind with respect to any Lot. While we make all efforts to be accurate, Buyer agrees that in no event shall Royal Crest Auctioneers be responsible for the correctness, description, genuineness, authorship, attribution, provenance, period, culture, source, origin, value or condition of any Lot. Nothing being said or done by Royal Crest Auctioneers shall be deemed a warranty of representation or an assumption of liability by Royal Crest Auctioneers. 4. Bid Discrepancies: In case of any discrepancy, from any source, the auctioneer's record is the official record of the sale. In case of any tie bids, the auctioneer's ruling is final. Royal Crest Auctioneers will have sole and absolute discretion to determine who the successful bidder is and/or may withdraw the Lot or reoffer the Lot for sale, in the event of a dispute. 5. Shipping: Royal Crest Auctioneers proudly offers shipping for any lot that includes a shipping quote. The amount entered is the actual shipping cost per the shipping service specified and includes insurance and signature confirmation. Royal Crest Auctioneers will decide the shipping method for multiple lot winners unless agreed to prior to the purchase. Buyer at their own discretion can arrange for their own shipping, in which case is solely the responsibility of the buyer. 6. Payment and Pick-Up Policy: Buyer will receive an invoice within three (3) business days after the auction. It is the responsibility of the Buyer to contact Royal Crest Auctioneers to make payment and remove their merchandise. -Full payment and removal of goods is required no later than seven (7) days from the completion of the auction. 7. Storage and Fees: Failure to remove purchases within the above time frames will result in Royal Crest Auctioneers transporting and storing your property, with no liability to Royal Crest Auctioneers at an off-site warehouse facility. There will be a minimum transportation charge of $50.00, plus an ongoing storage fee of a minimum of $10.00 per lot, per day, that purchases remain in the storage facility. Merchandise left in storage for more than thirty (30) business days will be considered abandoned and will be sold at our discretion and date of our choosing. If the net resale of a lot (hammer price less 22% commission, all resale, storage, and transportation fees) is greater than $0.00, a check will be mailed to the Buyer's address on file. 8. Buyer's Premium: Buyer agrees to pay Royal Crest Auctioneers a buyer's premium based on winning bid amounts of 22%. 9. Estimates: Auction price estimates are given on each lot. Estimates should not be relied on as a prediction of the actual selling price or the actual value of any lot. 10. Lot Withdrawals: Royal Crest Auctioneers reserves the right to withdraw any lot at any time from the auction for any reason. 12. Sales Tax: All purchases are subject to 9% California sales tax unless Buyer provides a valid tax exempt certificate to Royal Crest Auctioneers or unless the shipping address of the buyer is outside the state of California. 13. Failure to Pay: If Buyer fails to pay the balance of the invoice at the close of the auction, or otherwise comply with these Terms and Conditions, Royal Crest Auctioneers, shall be entitled to the following remedies: (1) to recover from Buyer any monetary loss arising on any resale of the Lot (including all costs of any resale or attempted resale); (2) any deposit or partial payment paid by Buyer: (3) to recover from Buyer all of its costs and expenses of collection, including attorney's fees of fifteen percent (15%) of the outstanding balance, interest on the outstanding balance of 1.5% per month and costs; and (4) all other relief and remedies allowed by the law. California law applies and jurisdiction and venue over all disputes involving these Terms and Conditions shall be in Los Angeles, California. 14. Payment Methods: Royal Crest Auctioneers accepts checks, money orders, and wire transfer. Please note that payment by credit cards will only be accepted if paid through LiveAuctioneers payment system. There is a flat $15 fee for domestic wire transfers and a flat $18 fee for international wire transfers. We will not release item(s) for shipment until payment has cleared the bank. There will be a $30.00 returned check fee for any and all check payments that are returned. 15. Modifications: Royal Crest Auctioneers reserves the right to modify, add, or remove any section of these terms and conditions of sale at any time, with or without notice. 16. Registration: By registering and accepting a bidder number for the auction, Buyer agrees to the terms and conditions of the sale as listed above.