The Art of New York Interiors

1. FINAL SALE & "AS IS" CONDITION
All property is sold AS IS, WHERE IS, with all faults, defects, and imperfections. No refunds, returns, credits, or exchanges are permitted for any reason. All sales are final at the conclusion of the auction. Buyers are encouraged to inspect items and request additional information prior to bidding. No claims will be accepted after the sale.

2. STATEMENTS ABOUT THE WORK
2.1 Opinion Only: All statements by Newel regarding authenticity, attribution, description, date, age, provenance, title, or condition represent only our judgment and opinion and are not warranted.
2.2 UL Compliance: Newel cannot warrant or certify UL Laboratory compliance for any electrical or lighting components.
2.3 Deterioration: Newel will provide condition information on request, but we are not responsible for deterioration that occurs after the sale.

3. PAYMENT, DEFAULT, AND COLLECTION
3.1 Payment Window: Payment in full is due within seventy-two (72) hours after the auction closes. All unpaid invoice will be autocharged with the credit card on file at the completion of the third day after the sale
3.2 Default: If an invoice remains unpaid fifteen (10) calendar days after the auction closes, the Lot(s) may be forfeited without refund at Newel’s sole discretion. The Buyer remains fully liable for the outstanding balance.
3.3 Remedies: Newel reserves the right to pursue all collection remedies, including referral to collection agencies, credit reporting, and legal action. The Buyer is responsible for all associated costs, including attorney?s fees and court costs.

4. SALES TAX AND DOCUMENTATION
LiveAuctioneers collects taxes in all 50 states. Applicable state and local sales taxes will be charged unless Newel Auctions receives and approves a valid exemption certificate before payment is made.


5. BUYER’S PREMIUM

A Buyer’s Premium equal to 30% of the hammer price will be added to all purchases made through LiveAuctioneers

6. MANDATORY REMOVAL & ABANDONMENT
The Buyer agrees that in the event of abandonment, Newel shall retain all payments (Hammer Price + Premium) as liquidated damages for storage, administrative, and lease-end costs.

7. SHIPPING: Liability Release: Newel assumes no responsibility for damage occurring during packing, shipping, or delivery once the Lot leaves the premises. The contract of carriage is between the Buyer and the carrier/LiveAuctioneers.
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8. ITEM DESCRIPTIONS & CONDITION REPORTS
8.1 Reliance: Descriptions, images, and measurements are for reference only. Buyers rely solely on their own judgment.
8.2 Wear & Tear: Minor wear, age-related signs, repairs, or odors common to antiques may not be disclosed and do not constitute misrepresentation.
8.3 Visuals: Variations in lighting or display settings affecting appearance are not grounds for return or chargeback.

9. RETURNS AND RESTOCKING FEE
9.1 Approval: All sales are final unless expressly approved in writing by Newel Auction.
9.2 Fees: If a return is approved, a twenty percent (20%) restocking fee applies to the total purchase price (including premium). Shipping and handling costs are non-refundable.

10. LIMITATION OF LIABILITY
10.1 Disclaimer: Newel and consignors disclaim all express or implied warranties, including merchantability or fitness for purpose.
10.2 Remedy: If liability is imposed, the Buyer’s sole remedy is limited to the hammer price paid for the affected Lot only. Newel is not liable for indirect, incidental, or punitive damages.

11. FORCE MAJEURE
Newel shall not be liable for delays or failures caused by events beyond reasonable control, including acts of God, government restrictions, or failures of infrastructure. No refunds shall be owed due to such events.

12. INTELLECTUAL PROPERTY
Purchase of a Lot does not convey copyright or reproduction rights. Newel retains the right to use images and descriptions of all Lots for marketing and archival purposes.

13. DISPUTE RESOLUTION & GOVERNING LAW
All transactions are governed by the laws of the State of New York. All disputes shall be resolved by binding arbitration administered by the American Arbitration Association in New York. The prevailing party may recover reasonable attorney’s fees.