Iconic Los Angeles Antique Dealer - Part 1

Auction Terms & Conditions -- Highlights

INSPECTION: Saturday, May 14 | Monday, May 16 | Tuesday, May 17 | from 10am to 4pm each day;

BIDDING: Bidding occurs per the increment table accessible on the Live Auctioneers website. You may review the bid history on an item at any time. Note that if a high bid equal to your high bid is awarded to another bidder, this means they submitted a maximum bid for the same amount prior to your bid submittal.

QUANTITIES: Please note that some lots may have multiple pieces. The bid price you submit will be a lump sum for the entire lot, inclusive the entire quantity described.

REPRESENTATION: We do our best to provide information that will help Buyers to make purchase decisions, including indicating damage on items where known; however we do not guarantee descriptions and conditions. If you are uncertain about an item, do not bid. This is a bankruptcy ordered sale, and as such, all Items are sold 'As-Is, Where-Is', with all faults and without recourse. All Sales are Final.

SHIPPING: Shipping is NOT provided by Sales Agent. SEE PICKUP/REMOVAL BELOW

PAYMENTS: All payments are due upon receipt of Invoice, which will be emailed within 24 hours of the auction. Invoices less than $10,000 will be immediately charged to the credit card on file, unless you notify us by email at support@360assetadvisors.com that you wish to pay by ACH bank payment or wire transfer. All balances over $10,000 or buyers wishing to pay by ACH bank payment or wire transfer must do so within 72 hours of the auction. You will find a "Pay Now" option on your invoice which provides an ACH option, or can contact our office for wire transfer instructions. We do not accept payments onsite. Bills must be settled prior to removal. Note that ACH payments can take 3-5 days to clear; purchases may not be removed until cleared. In the event an invoice remains unsettled after the payment deadline, we reserve the right to charge that card for the outstanding amount or 25% as liquidated damages and resell the items on the invoice.

BUYER'S PREMIUM: A 25% Buyer's Premium will be added to the price of each item.

SALES TAX: Bidders paying through the Live.Payments (Live Auctioneers payment portal) will need to comply with Live.Payments requirements regarding sales tax, which may vary from the terms otherwise stated. Generally, items are deemed as received in Los Angeles, and as such are subject to local sales tax of 9.5%. Buyers that are in the business of reselling their purchases, and provide a valid California Reseller's permit entitling them to sell the items purhcased will qualify for resale exemption, at Auctioneers sole discretion. See General Terms & Conditions of Sale for more details.

PICKUP/REMOVAL: Paid Buyers may pickup their purchases from the Antiquarian Traders warehouse in South Gate, California (south of Downtown Los Angeles) or make arrangements for items to be shipped using your own contracted Shipper. Buyer is responsible for all costs and coordination regarding packaging, handling, shipping and insurance. You may use your own shipper or refer to our list of 3rd Party Shipping Referrals below.

Pickup must be scheduled in advance by contacting our office at support@360assetadvisors.com or calling 805.496.8087, option 3. We are scheduling pickups on the following dates: Saturday May 21, Monday May 23 - Saturday May 28 & Monday May 30 - Friday, June 3, from 9am to 4pm. We are unable to make exceptions or provide extensions.

DEFAULT: Upon award of bid, Buyers are deemed responsible for a non-refundable 25% deposit. While Auctioneer may elect not to collect the deposit in good faith, in the event of a Buyer default, Buyer's acceptance of these Terms of Sale, evidenced by their participation in the auction, shall serve as Buyer's authorization for Auctioneer to pursue whatever means necessary to collect upon the 25% deposit as liquidated damages, including charging its credit card on file. In addition to the collection or retention of Buyer's deposit, Auctioneer may report Buyer's failure to perform on its obligations to the LiveAuctioneers rating system impacting Buyer's future ability to participate in future LIveAuctioneers auctions.