1. Items eligible for auction can be in the form of stamp collections, individual stamps, postal items, picture postcards, coins and banknotes and philatelic literature.
2. Barring prior instructions to the contrary, all goods presented to the auctioneers for auction shall be deemed to be for sale without price limit. The auctioneers reserve the right to refuse entries and may at all times decide not to auction the goods. The market value of any entry shall be at least € 250.
3. The auctioneers shall decide when the goods are to be auctioned. In making their decision they shall make the fullest possible allowance for seller’s interests and wishes.
4. The auctioneers shall parcel and catalogue all goods presented for auction at their own discretion. The auctioneers shall have authority, in the event that in their judgment no appropriate bid has been made, not to award a lot and hold it over. In that case, no charge shall be made for the holding over. All goods held over by the auctioneers may be offered for sale again in any following auction without seller having been given advance notice. In a sale of goods for which no price limit has been set the auctioneers shall endeavour to realize the best possible price. They shall at no time be open to censure on account of the result.
5. An auction order shall be irrevocable for a period of six months. Upon termination of this period the order may be cancelled unless the auction was already announced. In that case the auctioneers reserve the right to charge a compensation of 5% of the amount that they believe the goods could have fetched in public auction. In addition, all expenses and advances already paid shall be for seller’s account.
6. Price limits may be given, but only for goods that would fetch at least € 500 per lot. The limit prices shall be stated immediately when the goods are brought in and shall be reasonable in the auctioneer’s judgment. Price limits shall be communicated in writing. If the goods are sold, the customary selling commission plus the unit charge shall be payable on the limit price or the higher proceeds. If the limit price is not reached, a charge of 5% of the limit price shall be payable by seller.
7. Goods on which an advance has been paid shall at all times be presented for auction without price limit.
8. If at any auction seller’s goods should be repurchased by seller or his agent, the auctioneers shall be entitled to charge both selling and buying commission plus any such advances as may have been made.
9. Selling commission will be charged at the rate of 22% plus € 2.00 per lot. For high-volume consignments the rate of commission will be negotiable.
10. Goods that are of dubious authenticity or that would have fetch more if bearing a signature, will be sent by the auctioneers to established experts for examination. All expenses billed to the auctioneers, such as import duties, postage, experts’ fees, plate costs and advances paid in their behalf, shall at all times be charged on to seller. Final settlement, with a specification per lot, shall be made approximately 6 weeks of receipt of buyer’s payment to the auctioneers. The auctioneers shall not be liable to seller for payment by buyer of the purchase price or the return of the goods by the buyer, nor shall they be liable for the loss suffered if the goods, having been taken away, are neither paid for nor returned. In the event that buyer should default on payment of the goods, the auctioneers shall have the right with respect to seller to consider the transaction as not having taken place.
11. Using their expertise and best ability, the auctioneers shall divide the entry into lots in such a way that in their opinion the highest possible proceeds can be expected. All goods shall be sold by the auctioneers for seller’s account as being genuine and correctly described. The descriptions shall be made with the greatest of care. However, to the extent that goods should be returned as failing to conform to the description, the auctioneers shall have the option of cancelling the sale on seller’s behalf, without recourse to the law, and seller shall be obligated to pay back any sum already paid him or her in respect of the sale.
12. Valuations can be undertaken at the following charges: € 75 per half an hour or part of half an hour. The minimum charge being € 75 when valued at our offices, or € 150 plus payment of travel expenses, when valued at home. Valuation charges will be repaid if the goods are presented for auction within one year of valuation.
13. The auctioneers shall handle the goods with the greatest care and shall insure them against fire and theft. Shipments to and from experts shall be insured by the auctioneers for a value to be estimated by them. The auctioneers shall have the right, without prior notification of seller, to open all packages and means of keeping the contents secure, and to take such steps as they judge necessary for the preservation of the goods. The auctioneers shall have the right to do all such things as are likely to boost sales revenue. The auctioneers may retain goods until payment of what is due to them has been made. Goods that are to be returned shall be returned to the person who proves, to the auctioneers’ satisfaction, that he is lawfully entitled to them.
14. Seller shall never be able to plead ignorance of the terms and conditions of sale or of locally existing customs.
15. The auctioneers’ liability shall be limited to the amount of commission they received or should have received.
16. If any dispute should arise between the auctioneers and seller, only the district court of Roermond shall be competent to settle the dispute. Dutch law shall be applicable in all disputes.