Fine Works of Art & Asian Antique Auction

Summit Auction Gallery Terms & ConditionsAll items are sold, As Is, Where Is, without any warranties expressed or implied. Items will be available for preview before each auction for further examination. Our goal is to provide accurate descriptions for all items, but should not be construed as a guarantee in any means. It is the sole duty of our customers to make their final decisions regarding an items description, authenticity, materials, condition and value. Your decision to bid confirms that you have either previewed the items, or are in agreement to the conditions and terms listed above.This is a reserve auction, with items starting at or below the reserve. The auctioneer will place bids on behalf of the agreed upon reserve and pass lots that do not meet reserve. Reserves when applicable will be set by the auction company in agreement with our consignors. Not all items will have reserves, but this amount will be kept confidential at all times to protect our consignors interests. Absentee & Phone Bids are accepted and even encouraged for all of our auctions. Contact us and we will email the forms to be filled out. Forms must be received no later than 2 hours before auction is scheduled to start so that they can be assigned and noted in auctioneers book. Phone bidders will be contacted before auction starts, and need to provide a reliable phone number to be reached at. Every attempt to reach phone bidders will be made, but there is no guarantee if you cannot be reached by phone.Bidding Increments will be followed throughout the auction without exception and is as follows:$0 - $100 by $10$100 - $500 by $25$500 - $1,000 by $50$1,000 - $3,000 by $100$3,000 - $5,000 by $250$5,000 - $10,000 by $500$10,000 - $20,000 by $1,000$20,000 - $50,000 by $2,000$50,000 - $100,000 by $5,000$100,000 up by Auctioneer's DiscretionBuyer's Premium will be applied to all winning bids based on a cumulative hammer price of all items purchased based on the following schedule. All discounts on Buyers Premium will be waved if payment is not made within a week of being invoiced, and the highest premium will apply.$0 - $10,000 - 21%$10,001 - $30,000 - 18%$30,001 and up - 16%Invoicing & PaymentsInvoicing will follow after the auction is complete. Invoices must be paid within 7 days of the auction date. All non-paying bidders on day 8 will be charged a $25 late fee. Any invoices unpaid by the 14th day will be charged $10 per item on top of the original late fee. Bidders will be filed on for non-payment of invoices. We accept Cash, Credit Card, Paypal & Wire Transfers as methods of payment. All online invoices over $5,000 must be paid via wire transfer and every international invoice over $1,000 must be paid via wire transfer.Shipping All shipping will be handled by your choice of 3rd Party shippers. We will provide a list of trustworthy shippers once your invoice is paid. You will have to coordinate and handle all shipping details. We will not ship for you or coordinate the shipping. Items will need to ship within 2 weeks of payment. Should an item remain longer it will be subject to storage fees of no less than $50, and not to exceed $300 per month. Any item remaining longer than 60 days from payment date will be considered abandoned property, and subject to resale with no refund for any funds paid. Shippers selected will only be allowed to pick-up items paid for, and shippers must schedule their pick-ups to make sure someone is onsite to help them. Any and all storage or late fees will have to be paid in full as well, before shippers are allowed to pick up items.Sales Tax will be collected for all in state bidders that do not provide valid Texas resale certificate.By Bidding in this or any of our auctions you acknowledge and accept all of the terms and conditions listed above. Our goal is always to acquire and consign the finest of articles while doing our best to describe and photograph them, which allows you our customer to make discerning decisions regarding your purchases. All efforts are made to make the catalog as accurate as possible, with no warranties expressed or implied.Auctions are conducted by Kelly W. McDaniel, Tx. Lic. #17012, under applicable laws set for by Texas Department of Licensing & Regulation. Complaints can be directed to : Texas Department of Licensing & Regulation, P.O. Box 12157, Austin, Texas 78711; (800) 803-9202; or filed online at https://www.tdlr.texas.gov/complaints