Auction Terms and Conditions
Effective Date: September 13, 2017
Each Auction conducted on the Service is of a designated set of items (each a “Lot”) on a designated date or dates. Lots are provided by the party that wishes us to sell property on their behalf (each such party a “Consignor”). The Service will provide the pertinent information for each Auction, including date, start of auction, each Lot to be sold, and location. Certain Auctions on the Service may also be contemporaneously conducted live in-person, while other Auctions may be exclusively conducted on the Service. All Auctions conducted by Julien’s Auctions, and these Auction Terms and Conditions, are governed by the laws of the State of California. Julien’s Auctions maintains a bond on file with the California Secretary of State as required by California Civil Code §1812.600.
In order to participate in an Auction, registration is required for all persons wishing to Bid (“Bidders”). Any person registering to Bid by phone, absentee, or in person will complete a Bidder Registration Form. Online Bidders will submit a completed electronic form through the Service at julienslive.com, where they also may establish a Member Account. Each Auction requires a separate registration; Bidders with a Member Account may register for Auctions via their account.
(b) First Time Bidders. For verification purposes, Bidders who have not participated in an Auction are required to submit a copy of their (A) official government-issued identification (driver’s license / passport / state identification card) and (B) credit card. Copies of such documents may be submitted in person, via facsimile 310-388-0207 or email email@example.com . Failure to do so may inhibit your ability to register.
(c) Credit Card Authorization. We (and/or our third-party payment processor) may verify credit card information in order to register. To verify your card, we will charge $0.01 to it. After the card is verified, we will immediately refund the card . Your card issuer will credit your card balance within thirty (30) days from the date of the refund. In the event you add or replace a credit card, we may also verify such new or replacement credit card.
(d) Minors. Bids will not be accepted from those persons under the age of eighteen (18) without (i) written consent of said person’s parent or legal guardian, or (ii) unless such person is an emancipated minor. Written consent must acknowledge the terms and conditions of sale. This written consent constitutes an agreement to be bound thereby on behalf of the Bidder.
(e) Responsibility for your Account. Bidder acknowledges and agrees that all Bids placed under Member’s Account are considered to be placed by the Member or with Member’s authorization.
(f) Approval of Registration. Julien’s Auctions, in its sole and absolute discretion, reserves the right to approve or reject Bidders for its Auctions at any time. We are under no obligation to accept your application for registration.
(g) Term of Registration. Upon approval by Julien’s Auctions, your registration is effective throughout the applicable Auction for which you registered and any post-Auction obligations you incur in connection with Bids you placed during such Auction.
Upon completed and approved registration, Bidders may submit a binding offer to purchase a Lot at a specified price (a “Bid”) in an Auction.
(a) Placement; Payment Authorization. When a Lot at the Auction goes live, Members are free to place bids under their Member Account on such Lot (i) if an Auction conducted both in-person and online, until the individual conducting the sale for Julien’s Auctions (the “Auctioneer”) determines that bidding on such Lot has closed, or (ii) if an online-only Auction, in accordance with the parameters set forth on the Service for such Lot. As bids are placed, Julien’s Auctions reserves the right to authorize your credit card for any bid amount placed. If an authorization was made on a Bid and you are subsequently outbid, Julien’s Auctions will release that authorization.
(b) Notifications. If you are placing Bids via the Service, each time you are outbid Julien’s Auctions will send you an email message notification advising you of such. If you are the Winning Bidder for a given Lot, Julien will send you an email message confirmation.
(c) Bid Conditions. Julien’s Auctions reserves the right to accept or decline any Bid. Bids must be for an entire Lot. Each Lot constitutes a separate sale. All Bids are per Lot unless otherwise announced at a live sale by the Auctioneer. All winning Bids are subject to a Buyer’s Premium (as defined herein). Live auction Lots will be sold in their numbered sequence unless the Auctioneer directs otherwise. Julien’s Auctions may cancel any Lot and have it removed from an Auction prior to acceptance of a winning Bid. In the event a Lot is removed from an Auction, notice will be provided (i) on the Service, (ii) via email to Bidders who placed their Bid on such Lot via the Service, and (iii) if the Auction is an in-person Auction, at the physical location of the Auction. In such instance of Lot removal from an Auction, any Bids previously placed on such Lot prior to its removal from the Auction shall be cancelled, and Julien’s Auctions will not receive any further Bids on such Lot.
(d) Purchase Obligations. In connection with making Bids, Bidders agree that the registered Bidder with the highest Bid at the close of the Auction will be obligated to purchase the Lot. By bidding on any Lot, you agree to purchase the Lot at the price you have Bid. You agree that should you Bid on a Lot and that Bid is the winning Bid, that you are bound to pay Julien’s Auctions the winning bid amount for the Lot. All sales are final and winners cannot cancel. No exceptions will be made. You further acknowledge and agree that the winning Bid you submit for each Lot is subject to: (i) additional fees, including the Buyer’s Premium and Online Service Fee (if applicable), and (ii) additional costs, including taxes, shipping (if applicable), storage (if applicable), and customs (if applicable), and that you are obligated to pay such fees and costs in connection with your winning Bid.
(e) Conduct. It is unlawful and illegal for Bidders to collude, pool, or agree with another Bidder to pay less than the fair value for Lot(s). Bidders participating in both live and online auctions acknowledge that the law provides for substantial penalties for those who violate these provisions.
(f) Disputes Between Bidders. For live auctions the Auctioneer will have final discretion in the event that any dispute should arise between Bidders. The Auctioneer will determine the successful Bidder, cancel the sale, or re-offer and resell the Lot or Lots in dispute. Julien’s Auctions will have final discretion to resolve any disputes arising after the sale and in online auctions. If any dispute arises our sale record is conclusive.
(g) Online Bids. Our online auction software is provided “As Is” and “As Available.” High speed internet access is required to access the Service effectively. The Service is subject to limitations, delays and other problems inherent in the use of the Internet and electronic communications. Julien’s Auctions is not responsible for any delays, delivery failures, or other damage resulting from such problems.
(h) Reserve. All of the Lots offered at Auction are subject to a confidential minimum price acceptable to the Consignor at which the Lot will be sold (the “Reserve”). Julien’s Auctions is not obligated to sell the Lot unless the Reserve is met. A Lot or Lots may be withdrawn from an Auction if there is no Bid equal to or above the Reserve.
During a live auction the auctioneer may open any Lot by bidding on behalf of the Consignor and may bid up to the amount of the Reserve, by placing successive or consecutive bids for a Lot or Bids in response to other Bidders. Online sales may do the same by employing the use of a starting Bid which will commence bidding at or below the reserve price agreed to by the Consignor.
4. Winning Bids.
At the close of the Auction, the highest Bid for a Lot will be considered the “Hammer Price”, and the successful Bidder shall be informed by email (the “Winning Bidder” or the “Purchaser”). The Winning Bidder is responsible for paying to Julien’s Auctions the Hammer Price, Buyer’s Premium, and all applicable taxes, plus shipping costs (if applicable), insurance costs while in transit (for items not picked up in person), Online Service Fee (if the Winning Bidder placed the Bid online via the Service) and any applicable customs and/or duties (such amounts collectively, the “Total Purchase Price”). Upon conclusion of the Auction, we will provide the Winning Bidder with an accounting statement of the Total Purchase Price by email.
(a) Risk of Loss; Release of Lots. Upon establishment of the Hammer Price for the purchase of the Lot (the “Sale”), the Winning Bidder immediately thereafter assumes full responsibility for all risk of loss or damage (including, without limitation, liability for or damage to frames or glass covering prints, paintings, photos, or other works) and will immediately pay the Total Purchase Price or such part as Julien’s Auctions may require. All Sales are final. Lots will be released to you (or the shipping company, as applicable) upon our receipt of payment of the Total Purchase Price in full from you.
(b) Buyer’s Premium. Winning Bidder agrees that in addition to the Hammer Price, the Lot will be subject to an additional charge on the Hammer Price as part of the total purchase price (the “Buyer’s Premium”). The Buyer’s Premium is as follows:
Lots with a Hammer Price of up to $100.00. For individual Lots with a Hammer Price of up to and including one hundred United States Dollars and zero cents ($100.00), the Buyer’s Premium is twenty-five United States Dollars and zero cents ($25.00).
Lots with a Hammer Price of $100.01 up to and including $200,000.00 . For individual Lots with a Hammer Price of one hundred United States Dollars and one cent ($100.01) to two hundred thousand United States Dollars and zero cents ($200,000.00), a Buyer’s Premium of twenty-five percent (25%) will be added to the Hammer Price.
Example : The Hammer Price on a Lot is one hundred and fifty thousand United States Dollars ($150,000). The Winning Bidder would pay a Buyer’s Premium of 25%, i.e., thirty-seven thousand five hundred United States Dollars ($37,500.00) on such Lot.
Lots with a Hammer Price of $200,000.01 and above . For individual Lots with a Hammer Price of two hundred thousand United States Dollars and one cent ($200,000.01) and above, a Buyer’s Premium of twenty-five percent (25%) will be added to the Hammer Price up to $200,000.00, and an additional Buyer’s Premium of twenty percent (20%) will be added to any amount above $200,000.00.
Example : The Hammer Price on a Lot is two hundred and fifty thousand United States Dollars ($250,000.00). The Winning Bidder would pay a total Buyer’s Premium of sixty thousand United States Dollars ($60,000.00) on such Lot, calculated as follows: 25% of the first $200,000.00, i.e. fifty thousand United States Dollars ($50,000.00), plus 20% of the remaining $50,000.00, i.e. ten thousand United States Dollars.
(c) Online Service Fee. For all Lots where the Winning Bid is submitted online via the Service, an additional three percent (3%) of the Hammer Price (the “Online Service Fee”) will be added to the Buyer’s Premium amount detailed immediately above.
Example : The Hammer Price on a Lot is two hundred and fifty thousand United States Dollars ($250,000.00), with the highest Bid being placed online via the Service. The Winning Bidder would pay, in addition to the Buyer’s Premium, an Online Service Fee of seven thousand five hundred United States Dollars ($7,500.00).
(d) Taxes. Winning Bidder agrees that he/she is responsible for the payment of any and all applicable taxes due in connection with such Lot, including but not limited to sales tax, use tax, and value-added tax (VAT). All items picked up in California will be charged California state sales tax, as will all items sent to California residents. All items sent to New York residents will be charged New York state sales tax.
(e) Lot Retrieval. All Lots must be removed from our premises by the Winning Bidder within thirty (30) calendar days of the conclusion of the Auction at the Winning Bidder’s own expense.
In-person Pick-up; Storage Fees . If you intend to pick up your items as the Winning Bidder, arrangements must be made upon your notice to us in conjunction with payment of the Total Purchase Price for the Lot. If, after thirty (30) days following your payment of the Total Purchase Price, the Lot is not removed: (A) a handling charge of eight dollars ($8.00) per day or one percent (1%) of the Total Purchase Price per month, whichever is greater, will be payable to us by the Winning Bidder, with a minimum of five hundred dollars ($500.00) or five percent (5%) of the Total Purchase Price for any Lot not so removed within sixty (60) calendar days after the Sale, whichever is greater (the “Storage Fees”); and (B) we may send the Lot to a public warehouse or storage facility, at Winning Bidder’s sole risk and expense. If Winning Bidder fails to remove the Lot within one hundred and eighty (180) days following the Sale, then, in addition to the Storage Fees, Julien’s Auctions shall have the right (but not the obligation) to dispose of or retain any such Lot. All costs incurred by Julien’s Auctions in connection with the removal or disposal of any such Lot shall be paid by Winning Bidder within ten (10) days of our written notification to you of such costs.
Shipping . Winning Bidders are responsible for all costs to ship their items. Shipping is not included in the Hammer Price of your auction items. Please review the shipping terms for your items. Some items may be shipped directly by Julien’s Auctions, or we may contract with an outside shipping company (“Shippers”), to ship your Lot to you. Please allow 2-12 weeks for the delivery of your Lot to you; delivery time is dependent upon the size of the Auction, the destination address of the Lot, and the method of transportation to deliver the Lot. Julien’s Auctions and Shippers are not responsible for returned or undeliverable shipments.
International . Julien’s Auctions will provide you with a customs document detailing the value of items purchased. Julien’s Auctions and Shippers are not responsible if there are any delays in customs. Purchasers are responsible for compliance with all laws and regulations applicable to the international purchase and shipment of items. Purchaser understands that the shipment of Lots internationally is subject to United States export controls and trade and economic sanctions laws, and agrees to comply with all such laws and regulations, including the Export Administration Regulations maintained by the United States Department of Commerce, and the trade and economic sanctions maintained by the United States Treasury Department’s Office of Foreign Assets Control.
(f) Invoices and Payments. All invoices must be paid within ten (10) calendar days after the close of the Auction.
Payments. Julien accepts payment by cashier’s check, personal check, wire transfer, American Express, Mastercard, and Visa. Winning Bidders who wish to pay by check may do so by making checks payable to:
8630 Hayden Place
Culver City, CA 90232
Credit Card Authorization . Bidder authorizes Julien’s Auctions to charge Bidder’s credit card provided at registration for all items purchased at any Auction that Bidder may participate in, if not paid in full within ten (10) calendar days after the close of the Auction. Processing fees for credit card payments may apply. All invoices under five thousand United States Dollars ($5,000.00) will automatically be charged to the credit card on file unless prior arrangements are made.
Lot Rights . In the event Julien’s Auctions has agreed in writing prior to the auction to provide payment terms or an extended period of time for payment to you, you acknowledge and agree that you shall have no right, title, or interest in and to any property purchased by you until all amounts owed by you are paid in full.
If you fail to comply with the terms of the payment plan or extended payment period, upon your default, Julien’s Auctions shall have the unequivocal right, at its sole discretion, to sell some or all of the property on which you were the Winning Bidder, and to apply the proceeds toward the balance of any monies owed by you to Julien’s Auctions. If the monies received through the sale of the items do not meet your outstanding obligations, Julien’s Auctions shall have the right to pursue any and all remedies available under the law against you pursuant to the provisions set forth herein. If the monies received through the sale of the items exceed your outstanding obligations, the excess, minus any fees or costs incurred by Julien’s Auctions in connection with and arising out of the sale of the properties, shall be refunded to you.
Late Payment Fees . Commencing with the tenth day following the sale, payments not received by Julien’s Auctions will incur a late charge of one-and-a-half percent (1.5%) per month (or the highest rate allowable by law, whichever is lower) on the outstanding Total Purchase Price.
Excess Fund Return . In the event you are the Winning Bidder on a Lot and prior to an Auction you provided us with a deposit for your Bid which exceeds the Total Purchase Price, we will return any such excess within thirty (30) business days of the conclusion of the Auction, unless delay is compelled by (A) legal proceedings, or (B) our inability, through no fault of our own, to transfer title to the Lot or comply with any provision of California Civil Code Section 1812.600-1812.609, the California Commercial Code, the California Code of Civil Procedure, or other provision of applicable law.
(g) Defaults; Julien’s Remedies. If Winning Bidder does not comply with the conditions herein, such Winning Bidder will be in default. In addition to any and all other remedies available to Julien’s Auctions and the Consignor by law and at equity, including, without limitation, the right to hold the Winning Bidder liable for the Total Purchase Price, including all fees, charges and expenses more fully set forth herein, we, at our option, may: (a) cancel the sale of the subject Lot, or any other lots sold to the defaulting Purchaser at the same or any other Auction, retaining as liquidated damages all payments made by the Purchaser; (b) resell the purchased property, whether at public auction or by private sale; or (c) effect any combination thereof. In any case, the Purchaser will be liable for any deficiency, any and all costs, handling charges, late charges, expenses of both sales, our commissions on both sales at our regular rates, legal fees and expenses, collection fees and incidental damages.
We may, in our sole discretion, apply any proceeds of sale then due or thereafter becoming due to the Purchaser from us or any affiliated company, or any payment made by the Purchaser to us or any affiliated company, where or not intended to reduce the Purchaser’s obligations with respect to the unpaid Lot or Lots, to the deficiency and any other amounts due to us or any affiliated companies. In addition, a defaulting Purchaser will be deemed to have granted and assigned to us and our affiliated companies, a continuing security interest of first priority in any property or money of our owing to such Purchaser in our possession or in the possession of any of our affiliated companies, and we may retain and apply such property or money as collateral security for the obligations due to us or to any affiliated company of ours. Payment will not be deemed to have been made in full until we have collected good funds. In the event the purchaser fails to pay any or all of the Total Purchase Price for any Lot and Julien’s Auctions elects to pay the Consignor any portion of the sale proceeds, the purchaser acknowledges that Julien’s Auctions shall have all of the rights of the Consignor to pursue the Purchaser for any amounts paid to the Consignor, whether at law, in equity, or under these Auction Terms and Conditions.
Julien’s Auctions further reserves the right to prohibit defaulting Purchasers from being approved for registration at future Auctions.
(a) Warranty; Disclaimers. Julien’s Auctions warrants the authenticity of Attribution (as defined below) of property listed in the catalogue or online as stated in the Attribution Warranty below. Except for the Attribution Warranty, all property is sold “As Is”. We make no warranties, nor does the Consignor, as to the merchantability or fitness for a particular purpose, the correctness of the catalogue or other description of the physical condition, size, quality, rarity, importance, medium, provenance, exhibitions, literature or historical relevance of any property. No oral or written statements made in the catalogue, online listing, advertisement, bill of sale, and announcement or elsewhere made by employees (including affiliated and related companies) shall be considered a warranty. We and the Consignor make no representations and warranties, express or implied, as to whether the purchaser acquires any Intellectual Property Rights, including but not limited to, any reproduction rights of any property. We and the Consignor are not responsible for errors and omissions in the catalogue, online listings or any other supplemental material.
(b) Evaluation; Item Descriptions. It is the sole responsibility and risk of prospective Bidders to make the determination of whether a Lot is suitable for Bid.
Catalogues. While Julien’s Auctions customarily produces printed catalogues of all Lots available for an Auction, such catalogues are for illustrative purposes only. Descriptions of Lots therein are not comprehensive and may contain errors. We do not warrant any aspect of content in our catalogues other than the Attribution of Lots.
Condition Reports. Bidders may request a written report of the Lot’s repair and restoration history (a “Condition Report”) by emailing firstname.lastname@example.org for a Condition Report. Other than Attribution, we do not make any representations or warranties, express or implied, concerning any content in a Condition Report. We will customarily provide Condition Reports so long as we receive a written request from you at least forty-eight (48) hours prior to the Auction. You agree that any Condition Report(s) we provide to you are the confidential information of Julien’s Auctions, are to be utilized for your personal purposes only, are to be treated by you with the same degree of care that you utilize to protect your own confidential information (provided, however, that you must at least use reasonable care), and are not to be disclosed to third parties unless mandated by law. If you breach any obligations in this Section, Julien’s Auctions shall be entitled to seek equitable relief to protect its interest therein, including but not limited to injunctive relief as well as money damages. These confidentiality obligations will survive the conclusion of any Auction.
(c) Pricing. All Lot pricing is listed in United States Dollars. We may offer certain programs, tools, and site experiences of particular interest to international users, such as estimated local currency conversion and international shipping calculation tools, but these are offered for convenience only.
8. Attribution Warranty.
(a) Attribution. “Attribution” is defined by Julien as the creator, period, culture, or source of origin, as the case may be as stated in the (a) Heading set forth in bold type of a Lot in a live auction catalogue, as amended by any statements by the auctioneer and/or written salesroom notices and announcements (“Bold Type Heading”) or (b) the lot Title of an online auction, as amended by any online notices and announcements (“Online Lot Heading”) (Bold Type Heading and Online Lot Heading collectively, “Headings”).
(b) Attribution Warranty. Subject to the exclusions below, we make no warranties to information not contained in Headings. Subject to the exclusions listed below, Julien’s Auctions warrants the Attribution of a Lot for a period of one (1) year from the date of sale and only to the original Purchaser on record at the auction. If it is determined to our satisfaction that the Attribution is incorrect, the sale will be rescinded if the Lot is returned to the Julien’s Auctions warehouse facility in the same condition in which it was at the time of sale. In order to satisfy us that the Attribution of a lot is indeed incorrect we reserve the right to require the Purchaser to obtain, at the Purchaser’s expense, the opinion of two experts in the field, mutually acceptable to Julien’s Auctions and the Purchaser, before we agree to rescind the sale under the warranty. This warranty is not assignable and applies only to the original Purchaser on record with Julien’s Auctions. This warranty does not transfer to any subsequent owners of any purchased property (this includes without limitation, heirs, successors, beneficiaries or assigns).
(c) Remedies. Should a Sale be rescinded and the Total Purchase Price paid, it is specifically understood that this will be considered the sole remedy. It is exclusive and in lieu of any other remedy available as a matter of law, or in equity.
(d) Exclusions. Exclusions will be made and this warranty does not apply to Attribution which on the date of sale was in accordance with the then generally accepted opinion of scholars and specialists, or the identification of periods or dates of execution which may be proven inaccurate by means of scientific processes not generally accepted for use until after publication of the catalogue or listing online, or which were unreasonably expensive or impractical to employ.
9. Intellectual Property Notice
Each buyer of the Property acknowledges and agrees that by acquiring any of the Property, such buyer will not acquire any intellectual property rights, including, without limitation, copyright or similar rights, whatsoever to the Property so purchased, including without limitation, any writings or any images or likenesses of Ronnie James Dio contained therein. Each buyer of the Property also acknowledges and agrees that such buyer may not in any way reproduce, distribute or create derivative works based upon or derived from the Property or any intellectual property rights embodied in the Property or cause anyone else to do so, in each case without the express prior written constant of Niji Productions, Inc. or other current owners of such intellectual property, each of which shall retain all right, title and interest in their respective intellectual property rights in the Property.