DESCRIPTION, CATALOGUING, AND QUOTATIONS
1) All the stamps or other objects offered in this catalogue are the property of third parties who have instructed Soc. ltalphil to sell them far their account. This instruction has been formally registered and published. Ali the stamps and other objects offered have been carefully examined by our experts. The more important items are signed, or provided with the photographic certificate of well known Italian or foreign experts. All photographs of lots count as an integral part of the description with regard to margins, perforation, centering and cancellation.
2) The numbering which follows the description of the lots refers, far the Italian area, to the Sassone catalogue and, far Europe and overseas, to Yvert et Tellier. Quotations in parenthesis are taken from Sassone far the Italian Area, from Unificato Internazionale/Sassone far West Europe, from Studi Filatelici e Storico Postali/Sassone far East Europe, from Yvert ot Tellier far overseas. In some instance, Bolaffi, Gibbons, or Scott numbers and quotations have been added.
BIDDING AND ADJUDICATION
3) Far every lot is given e starting price, below which the lot will not be sold. If two equal bids are received the lots will go to the bidder whose offer arrived first. Bids from persons unknown lo the auctioneers can only be entered if accompanied by a cash deposit covering a 10% of the offers made, or by banker's or philatelic references which can be easily and quickly cheeked.
4) The knocking down wili be made to the one who offers the most: the knocking down price will be increased by a 20% commission all inclusive (commission, I.V.A., contribute to insurance, packaging). Postal expenses will be charged at the effective cost. Advances in the bidding will be at the discretion of the auctioneers, with a minimum advance of 5% and a maximum of 10%.
PAYMENT
5) Payment must be made in Euro before lots are handed aver or mailed. Drafts in foreign currencies will be credited at the rate of exchange on the day of receipt. Buyers present at the auction must pay far lots on delivery. Postal bidders should send the money within seven days of receiving the invoice. If no payment is made within this period, a 2% interest per month will be charged on the amount outstanding and the right to make claims provided far under section 6 will be forfeited. If payment has not been made within thirty days at receipt at the invoice, the auctioneers will be authorized to re-propose the unpaid lots in a next auction, in name and on bebalf ai the buyer. In case the realized price does not cover the debits, the difference is anyway due to the auction house.
CLAIMS
6) Motives
Claims can only be considered where in the opinion of at least two recognised experts the lot is found not to be genuine, or to have hidden defects not mentioned in the description, or to differ substantially from the description. Where a lot has been photographed no claim will be accepted relative to perforation, margins or cancellation. In ca- se that the claim is considered justified, the auction house is only obliged to refund the paid amount; any further claim is excluded.
7) Period allowed
Buyers present at the sale should lodge their claims on receiving delivery of the lots. Postal bidders should do so within ten days of receiving the lot and in any ca- se within thirty days from the date of the sale.
If this period is exceeded, no claim can be accepted for any reason, since at the end at this period the auctioneers are bound to settle the account of the veneers and return unsold lots to them.
8) Extensions
Lots are sold as described and with the expertisation indicated. A bidder wanting the opinion of an expert other than the one indicated or the expertisation of lots which have not already been expertised must put in a request in writing at least seven days before the sale.
After consulting the owner the auctioneers have the right to grant or refuse an extension. If they grant one and if the expert verdict is negative, the lots rnust be returned within two months of the date of the auction. lf the request is not made in the manner and within the period indicated or lf the month period is exceeded, the return of the lots will not be accepted far any reason.
9) Exceptions
No claim can be accepted far any reason in the following cases:
a) lots composed of more than 20 items not described individually;
b) lots composed of one or more stamps described as defective, with defects, of mixed quality, to be examined, or sold as is;
c) stamps or lots, whatever the description, estimated at a 10% of catalogue value or less;
d) stamps subject to claim which have been immersed in water, or chemical substances, or have been damaged in any way by marks, handstamps, etc., even if applied by experts;
e) regarding the conditions ai the stamps e.g. perforation, state of gum, centring, and cancellation, when the lots have been previously examined by the purchaser;
f) errors made by the purchaser in submitting bids. We rely exclusively on the lot number given;
g) when lots subject to claims fail to reach us, far any reason, except where an extension has been granted, within 30 days of the auction date.
GENERAL
10) The auctioneers may ask anyone who disturb the normal conduct of the sale to leave the auction room.
11) The auctioneers reserve the right to change the sequence of lots, to regroup or withdraw them, or to add other lots.
12) Ownership of the lots passes to the purchaser only after the invoice has been paid in full.
13) Lots will be sent by insured mail at the cost of the purchaser.
14) Purchaser making bids by post or in the auction room are thereby assumed to accept entirely the conditions of sale given above.
15) Any litigation arising out of the sale will be conducted in Rome.
INFORMATION FOR POSTAL BIDDERS
Postal bids will be treated with great care and one of our staff will be at the auction to represent the interest of bidders. Lots will be knocked down at a price found by adding a 10% to the offer, next below the highest bid made by post or in the auction room. If, for example, two bids have been received far a given lot, one of Euro 150,00 and another of Euro 100,00, the lot will go the person bidding Euro 150,00, not at this price, but at Euro 110,000 (the next lower bid plus 10%).
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