Conditions of Sale

2. Participation means acceptance in full of the Terms of Auction, considered as known of VF Auktionen GmbH by the Purchaser.

3. The auctioneer reserves the right of combine, to separate or withdraw lots.

4. The lots are described with greatest care and to the best of the Auctioneer’s knowledge. The catalogue illustration prevails as regards the margin, centring, separation and postmark of the stamps. We guarantee the authenticity of all single lots sold at our auction. Claims concerning quality and authenticity of single lots must be made immediately by the Buyer being personally present. In the case of written bids for single lots, claims must be made in writing within eight days after receipt of the goods.
The time-limit for making a complaint is considered as exceeded if the lots in question have not been taken over within the period prescribed. In case of any complaint the buyer must prove that the description in the catalogue is wrong. In the case of collections or collective lots containing two or more stamps which are not described individually, no claims will be accepted regarding quality and authenticity. Complaints must also be refused if the stamps are not returned in the original condition, or if they have been altered afterwards by the Buyer, except in the case of marks made by a recognised expert who is responsible for his errors. In case of certificated stamps, the purchaser shall accept as binding the certificates referred to in the lot description, in particular also the certificates in regard to the authenticity, the quality of lots and the integrity of the certificates in regard to their contents. Any other liability on the part of the auctioneer is excluded. In the event of a complaint concerning authenticity of non-certificated stamps the proof of any forgery must be furnished by means of a certificate from a competent expert. The costs of re-certificating shall be borne by the seller, if the complaint is justified.

5. The hammer price is payable in Euro. The minimum bidding increments are as follows:

6. The lots will be sold to the highest Bidder upon three calls. The Buyer shall pay a commission of 20% added to the hammer price. Bidders are bound to their bids if a subsequent higher bid is invalid or immediately refused by the Auctioneer.
Per each lot are to pay 2 Euro. The costs for shipment and insurance (0.35% from the total amount) will be clearly invoiced.

7. Difference taxation:
If the consignment comes from a private person resident in the EU, the commission for buyers within the EU amounts 20% (incl. VAT); dealers resident in the EU are charged with 17%.

Full amount of VAT applicable ("§" following the lot number):
If the consignment comes from private persons not resident in the EU-countries or from dealers, the commission for buyers within the EU amounts 20% commission and on the total resulting there from 20% VAT is added. Buyers outside the EU are billed without VAT (only 20% commission).

8. Upon the fall of the Auctioneer’s hammer, a sales contract is entered into between the Auctioneer and the Bidder. The Buyer is obliged to accept the goods. The lots are sold in the condition in which they are at the moment of the knock down. The risk passes to the Buyer with the fall of the hammer; title of ownership, however, passes to the Buyer only after full payment of the total amount due.

9. Unless mutually agreed otherwise, payment of the auction bill from purchasers present at the auction is due immediately in cash. From purchasers who have submitted a bid in writing, payment is due within 10 days after receipt of the goods. Defaulted payments shall bear an interest charge of 1% a month.

10. Shipment, usually by registered mail or letter of value, of the goods shall be fore the sole cost and risk of the purchaser or recipient. The minimum cost for shipment and insurance (0.35% the total amount) are:

11. Place of performance and exclusive place of jurisdiction for both parties is Vienna, we reserve the right, however, to sue a defaulter at his place of residence. Only the German text has legal force.