Important Information
Terms & Conditions
There is a 20% (23% via the-saleroom.com) buyer’s premium added to the successful hammer price of every lot, which the purchaser of the lot agrees to pay along with applicable taxes as part of the total purchase price.
Lots selling for over $500,000 hammer price incur a 20% (23% via the-saleroom.com) buyer’s premium of the hammer price up to $500,000, plus 12% (15% via the-saleroom.com) of any amount in excess of $500,000.
Buyer’s Premium: 23%
Payment
Winning bidders will receive an invoice by email after the auction along with payment instructions and bank information if paying by wire transfer.
PLEASE NOTE: Payment must be received within seven days following the auction date.
We accept cash, check, money order, bank wire transfer, credit card (Visa, Mastercard, Amex), or paypal.
For payments by credit card or paypal, the maximum invoice amount on which payments are accepted is $5,000, and a 3% surcharge to the entire purchase price, including buyer's premium and any other charges, is added to the invoice.
We reserve the right to require payment by methods other than credit card or paypal for any reason.
All payment must be made in US Dollars.
Shipping
Arranging and paying for shipping of property is the responsiblity of the purchaser as we do not ship directly. If you are interested in receiving a shipping quote before or after the auction, we suggest that you contact several local shipping stores. Some stores our clients have used in the past
include:
(1) Lex Pack and Ship, 954 Lexington Ave, New York, NY 10021, Tel. +1 (212) 288-4425, email: info@lexpackandship.com
(2) The UPS Store #5899, 1397 Second Ave, New York, NY 10021, Tel. +1 (212) 585-4195, email: store5899@theupsstore.com
(3) Global Transit Group, Tel. +1 (718) 449-1971 (ask for Rostislav, who speaks Russian and can help with shipments to Russia, Ukraine, and CIS
countries)
For larger shipments, art shuttles, expensive and fragile items, and anything requiring wooden crates, our clients have used art transport companies including:
(1) Thomas Sullivan Transportation Management Inc.: +1 (718) 822-4169,
email: sullivantrans@aol.com
(2) Winchester Fine Art Services: +1 (718) 387-0690, email:
mark@winchesterfas.com
(3) Atelier 4: +1 (718) 433-3500, email: info@atelier4.com
(4) James Bourlet, Inc: +1 (718) 392-9770, email: quotes@bourlet.com
(5) Dietl International: +1 (212) 991-9154, email: info@dietl.com
Clients are free to choose their own shippers. We are not liable for the actions of any outside shippers and these recommendations are provided only for convenience.
Condition Reports
Condition reports are usually available on request. Please contact us if you would like a condition report on this item. Please note that any condition statement is given as a courtesy to our clients, is only an opinion and should not be treated as a statement of fact. Gene Shapiro Auctions, LLC.
shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear or tear, imperfections, or the effects of aging.
Taxes
Unless exempted by the law, the purchaser will be required to pay the combined New York State and local sales tax (currently 8.875% in New York City), any applicable compensating use tax of another state, and if applicable, any federal luxury or other tax, on the total purchase price including buyer's premium. Purchases picked up in New York State or delivered to locations in New York State are subject to sales or compensating use tax of such jurisdiction, and GSA is required by law to collect and remit the appropriate sales tax in effect in New York State unless appropriate documentation of exemption is provided. Buyers claiming exemption from sales tax must have the appropriate documentation on file with GSA prior to the release of the property. If property is delivered to a state where GSA is not required to collect sales tax, it is the responsibility of the purchaser to self-assess any sales or use tax and remit it to taxing authorities in that state. GSA is not required to collect sales tax for property delivered to the purchaser outside of the United States.