May 26th Spring Asian Antique and Decorative Art Auction

1. All items are sold as is, where is, with all faults. There are no warranties or representations of merchantability, of fitness, nor of any other kind, express or implied. All items are available for your examination prior to bidding. Your bidding will signify that you have examined the items as fully as you desire, or that you have chosen not to examine them. Written and oral descriptions are our opinions and should in no way be construed as a guarantee of any kind as to age, condition, materials or any other feature of items being sold. Our goal is to provide prospective bidders with accurate and detailed information. We recommend prospective bidders examine all items in which they have an interest. If you require absolute certainty in all areas of authenticity, and the results of your evaluation leave uncertainty in your mind, we recommend you not bid on the item in question. We do not give refunds. ALL SALES ARE FINAL. No statement written or oral made by the auctioneer shall be deemed a warranty or assumption of liability by SOFE Design Auctions, LLC or by any seller represented by SOFE Design Auctions, LLC.

2. The highest bidder to be the buyer. If during the auction the Auctioneer considers that a dispute has arisen between bidders he has absolute authority to settle it or to reoffer the lot. The auctioneer may at his sole discretion determine the advance of bidding or refuse a bid, divide any lot, combine any two or more lots or withdraw any lot without prior notice. Where goods are bought at auction by a buyer who has entered into an agreement with another or others that the other or others (or some of them) shall abstain from bidding for the goods and the buyer or other party or one of the other parties is a dealer, the buyer warrants that the goods are bought bona fide on a joint account.

3. The bidding will begin at a price appropriate in Auctioneer's discretion. The Auctioneer always reserves the right to withdraw a lot for any reason he deems appropriate.

4. Once we declare that an item is sold, we cannot reopen the bidding. It is the bidder's responsibility to get our attention prior to our saying .sold.. We reserve the right to reject any bids deemed inappropriate or to withdraw any item(s) for lack of appropriate bids. If an item is withdrawn from the auction it will be offered again only at the Auctioneer's discretion.

5. Payment must be made by USD in cash, approved USA BANK checks, wire transfers, MasterCard or VISA credit cards. Credit Card Limit 5,000 USD. We reserve the right to require bank checks for large purchases. Buyer's not known to us who wish to write a check must provide a current letter of credit from their bank guaranteeing funds for that account. Credit arrangements must be made by the Friday prior to the day of auction so bank statements can be verified. We reserve the right to not issue a buyer's number or to withhold merchandise if appropriate credit line has not been established. We do require wire transfers( fee 40 USD) for international bidders.

6. Payment for all purchases is expected at time of purchase. Payment for successful absentee, phone bids and online bids are required within five business days of the auction. Your signature on this form constitutes permission to charge successful bids to credit cards if payment is not received within five days of the auction. Bidder cards will be charged 5 days after an invoice has been sent.

7. We are pleased to offer absentee and phone bidding for prospective bidders who cannot be present at the auction. Please complete the Absentee Bid and/or Phone Reservation form found at www. sofedesignauctions.com Absentee and Phone bids are executed competitively and confidentially. All reservations for Phone bidding are held in the strictest confidence and must be received by 5 pm the day before the auction. No additional phone bids can be accepted on the day of the auction including additions when speaking with a staff person on the phone. We can accept written absentee bids submitted on the Absentee Bid Form up to 30 lots before the item comes up for auction. Leaving an Absentee or Phone bid on a lot indicates your willingness to open the bidding at one half the printed low estimate, and gives the Auctioneer the authority to open the bidding at that level, or to open the bidding on a lot with a printed reserve at the reserve price. SOFE Design Auctions, LLC shall have the right to withdraw any item at any time for any reason and to default any sale in the event of an error or dispute.

8. In the case of identical absentee bids, the bid received first will prevail. Bids left on Invaluable . com are not executed until the item is offered in the live auction and the order in which they are received is not a factor. We sell 70- 100 lots per hour. Following are general guidelines for bidding increments:
$0-$29......................$5 increments,
$30-$99.....................$10 increments,
$100-499....................$25 increments,
$500-$999...................$50 increments,
$1,000-$4,999...............$100 increments,
$5,000-$9,999...............$250 increments,
$10,000- $49,999............$500 increments,
$50,000-$99,999.............$1,000 increments,
$100,000-$199,999...........$2,500 increments,
$200,000+...................$5,000 increments

9. IT IS THE BUYER'S RESPONSIBILITY TO ARRANGE AND PAY FOR PACKING & SHIPPING. WE DO NOT MAKE SHIPPING ARRANGEMENTS OR QUOTE SHIPPING Purchased items not picked up from our auction facility within 14 business days of the auction will be assessed a storage fee of $5.00 per day, per item. You authorize us to re-sell on your behalf any item not picked up within 30 calendar days. The costs of storage, plus any other costs directly related to the item, and an auctioneer's commission of 23%, will be subtracted from the proceeds unless other arrangements have been made with Sofe Design Auctions. The minimum charge will be $50. Final arrangements and agreements are strictly between the buyer and the shipper. SOFE is not responsible for the buyer's choice of a shipper or for any occurrences during shipping.

ALL ITEMS ARE PURCHASED 'AS IS' AND 'WHERE IS' WITHOUT WARRANTY. ALL ITEMS MUST BE PAID IN FULL AND CHECKS CLEARED BEFORE THEY CAN BE RELEASED. ALL SHIPMENTS BY CHECK OR CREDIT CARD MAY BE SUBJECT TO A SEVEN DAY HOLD. Please notify us which company you have chosen, as we will not release your merchandise to anyone without your authorization. Shipping Release Authorization Form MUST BE COMPLETED by following the link:

https://sofedesignauctions.com/shipping.php

Third party shipping agents are:
The UPS Store, Contact Person - Brad Scales
phone number: 972 335 3491
email address: store3734@theupsstore.com
Mr. Parcel, Contact Person - Dave
phone number: 972 491-2427
email address: mr_parcel@yahoo.com
10. Note to internet absentee bidders. We do not accept cut bids, (bids less than the last interval) from the floor or from phone bidders, and we do not accept them from internet bidders. Thus it is possible that a lot could go to another bidder for less than your absentee bid. For example, if the bids are progressing in ten dollar increments, $50, $60, $70 and your absentee falls at $75, we will not take the bid since it is less than the $10 interval. We always encourage bidders to bid by phone or to leave absentee bids through our gallery to avoid such a situation.

11. All purchases are subject State and local taxes unless the Certificate of Resale tax form is fully and completely filled out and received prior to the time of purchase. Resale tax numbers from other states are accepted. International buyers are responsible for tariffs, taxes, or assessments of shipped items to the buyer's country.

12. Bidding on an item indicates your understanding and acceptance of these Terms of Sale. If a purchaser breaches any of these Terms of Sale, including the obligation to pay for purchased items, SOFE Design Auctions, LLC may seek all remedies under the law including canceling the sale and re offering the property without reserve.

13. A buyer's premium of 25% will be applied to the purchase price of all items.
14. Furthermore, prospective buyers are responsible for determining the physical condition of lots, as there are no returns based on condition. The absence of condition reports in the catalog entry does not indicate that the item is in perfect condition. Condition report or additional photo requests are due by 5PM the Wednesday before the auction. Please note, late requests will not be honored.
Alex Bagdasaryants, Texas Department of Licensing and Regulation TX License Number 16562