Except for items that have been particularly stated, the auction items stated in the auction catalog of Taisei Auction Corporation(hereinafter referred to as the “Company”) are all guaranteed as genuine items.
?The Company will not bear liability based on the condition of items for which successful bids were made that were appraised by a third-party appraisal company (including but not limited to PCGS, NGC, ANACS, ICG, PMG, and WBG). The details (name of creator, place of production, date of production, number of years, measurements, raw materials, attribution, authenticity, history, condition, or estimated successful bid price, etc.) of lots that are described by the Company, irrespective of whether the description is oral or written, merely indicate the Company’s opinions, and they are not information that can be relied upon as definitive statements of facts. Illustrations that are posted in the catalog or on the website are merely for the purpose of having people use them as reference materials, and they do not accurately represent the colors or tones of products put up for auction. It is not possible to refuse a respective lot because its depiction differs from the actual item or because of a postmark, centerline, margin, perforation line, or other characteristic that can be clearly recognized in an illustration in the catalog or on the website. An estimated successful bid price is not something that can be relied on as information that accurately represents the actual successful bid amount for a lot or the value of a lot for another purpose.
There are many products put up for auction for which it is not possible to perfectly stipulate the condition because of the number of years or characteristics, and in some cases, the description or explanation in the catalog or written report of condition states reference matters related to damage and/or replication. The Company provides such information as reference information, and it does not imply that there are no defects or restoration in a product put up for auction if there are no such statements, or that there are no other defects in a product put up for auction if there is a statement related to a specific defect.
Excluding matters stipulated in the same clause, unless there has been a fraudulent action, neither the seller nor the Company or their respective employees or representatives will bear any liability whatsoever for the accuracy of statements related to a lot’s name of creator, place of production, date of production, number of years, attribution, authenticity, or history, errors in other stated matters, or defects or flaws in a lot. All of the interested parties are to independently exercise judgment for the relevant matters and rely on that.
The prices stated for each auction item are the minimum prices for responding to the auction. In the event that a bid by mail has already been made, the second bid will be the criteria for that highest amount, and the starting price and the price range for bidding up will be decided upon according to the auctioneer’s discretion.
In the event that advance bidding and on-site bidding are the same amount, the Company will give priority to advance bidding. In the event that a customer submitted a form that can be obtained from the Company’s catalog or website and made a request to the Company for advance bidding, the Company will make rational efforts to conduct that bidding. Provided, however, that the condition is that the Company receives the relevant request before the time stipulated for each auction. Delegated bidding will be conducted with a balance with other work at the time of the sale, and depending on the auction situation, there is a chance that a bid cannot be performed according to the customer’s wishes. Advance bidding is a free service that is provided people who want to make a purchase under the prescribed conditions. The Company will not bear any liability whatsoever in the event that advance bidding could not be performed. Accordingly, if you want to make a reliable bid, we recommend that you actually attend the auction.
For each auction item, the highest bidder will be the successful bidder. In the event that a dispute has arisen between bidders during an auction, the auctioneer will handle and resolve it based on his or her discretion, and all of the related parties participating in the auction must follow the decisions of the auctioneer.
In consideration of customers’ convenience, the Company has introduced an online service called the “saleroom” that is operated by the Auction Technology Group Ltd., and it confirms the bidding situation in real time and provides Internet bidding service by which it is possible to make bids. For online bids, it is possible to participate by conducting My Page registration at http://www.taiseicoins.com/, and then accessing “Taisei auction” and setting a password for participating in an auction. Although the screen will be renewed, the login method will remain the same as before. If you want to participate in online bidding, please register with the Auction Technology Group Ltd.” and provide your name, address, telephone number, e-mail address, and password as login information for making bids. (Information provision and registration are not necessary if the page will only be viewed.) Personal information that was provided to Auction Technology Group Ltd. will only be used for the customer to log in to the system of the saleroom. This information will be appropriately managed according to Britain’s DPA (Data Protection Act 1998). The Company will not bear any liability whatsoever for difficulties or non-performance of online bids, including difficulties or non-performance caused by the items below (not only limited to these):
(1) Disconnection of any party’s Internet connection for any reason
(2) Trouble or problems with online bid software
(3) Trouble or problems with the customer’s Internet connection, computer, or system
Because this online service is a free service that is implemented with a balance with other work when an auction is conducted, the Company will not bear any liability whatsoever for non-performance of online bids or difficulties or omissions related to such activities.
We will have a successful bidder pay a service charge of 10% of the successful bid price plus consumption tax for the service charge. Payment for an item for which a successful bid was made will be conducted in Japanese currency and will be paid to the Company within seven days after the date of the auction. The Company will not hand over products until the successful bidder has settled the entire amount with no exceptions for any lot.
For any lot, in the event that the customer concluded an individual sales agreement with the seller within sixty days after the auction was conducted, the Company will, as the seller’s exclusive representative, bill the customer for the bidder service charge that will be applied based on this agreement and will have the right to bill the seller for a service charge based on the conditions of an agreement with the seller.
When the successful bidder does not settle the entire amount within the payment period, we will add the current interest rate and then bill him or her again. In the event that payment is not made even after a second billing, we will cancel the sales agreement and will not handle any transactions with that successful bidder in the future. Please note that we will charge rational expenses (including 10% of the determined amount for the successful bid, costs, damage compensation payments, attorney expenses, all types of expenses related to selling, and service charges) as a sales agreement cancellation charge for cancellation due to the customer’s unavoidable circumstances. The Company will also take other precautions that are deemed appropriate.
A sales agreement will be established between the seller and the successful bidder based on the successful bid determination at the venue. Accordingly, returns will not be allowed, irrespective of whether or not there was preliminary inspection. The same will apply for a successful bidder who conducted advance bidding. Provided, however, that when an unexpected reason arose during the appraisal of authenticity of clause 1, an exception will be allowed, limited to the successful bidder. In such a case, please send the item back to the Company within one week after receiving the product for which a successful bid was made, on the condition that it is completely in the same state as when it was delivered. After we confirm the product, we will return to the successful bidder the sale price and service charge that were already received. Provided, however, that the Company will not bear any other obligations whatsoever, and it will not pay interest or damage compensation. Please note that the successful bidder will bear costs such as postage for returns.
We cannot handle returns for the reasons listed below:
?All appraisal results conducted by other companies such as PCGS or NGC for coins in resin cases
?Items that have specially stated matters such as “No returns”
?When payment was made after the prescribed deadline passed
?After settlement to the seller has been completed
?When the reason for return lacks justification to the extent that the Company cannot agree to it
If you will participate in this auction, please consent to all of the regulations related to auctions and the conditions and then register in advance. People who have not conducted transactions with the Company in the past, people who are unfamiliar, or people in other cases in which the auctioneer has recognized that it is necessary may be asked to present a form of personal identification or an asset certificate in order to confirm their identity before the auction or to make a bid guarantee payment of a maximum of JPY 500,000. If a successful bid was not made, we will return the entire guarantee payment on the same day. We will appropriately manage, based on the Company’s Regulations for Personal Information Protection, personal information that the Company acquires. In addition, registration or entrance into an auction venue by a person who wants to be registered may be refused, based on the Company’s judgment and without stating the reason.
An item for which a successful bid was made will be covered by the Company’s transportation insurance before handover. Cases of loss, damage, or destruction caused by a natural disaster during storage or for an error in the customer’s registered information will be exempt, and the Company will not bear any liability whatsoever.
In the event that a customer wants handover of an item for which a successful bid was made to be done by mail to the designated address, we will charge separately for postage. When an item for which a successful bid was made is sent to the successful bidder by mail, the Company will cover it with the Company’s transportation insurance, but cases of loss, damage, or destruction because of a natural disaster will be exempt, and the Company will not bear any liability whatsoever.
In the case of remittance or payment from a foreign country, the successful bidder will bear customs duties, direct taxes, and transfer service charges to the bank. We may refuse shipping based on the situation in the country to which shipping is to be made.
The bidder will, at his or her own liability, confirm the import duties for importing into the place of final delivery an item for which a successful bid was made. The Company will not accept any returns of packaged items for the purpose of avoiding the relevant taxes. The bidder will also be liable for confirming customs’ import regulations that prohibit the import of specific collectibles. The Company will not accept any returns on items for which successful bids were made in such situations. The Company will not bear liability in the event that an item for which a successful bid was made was confiscated or destroyed at customs. In the event that a bidder wants delivery of an item for which a successful bid was made to an address other than the address stated in the invoice, it will be conducted based on the Company’s discretion.
Japanese laws will apply to all matters related to regulations for auctions and to conditions, and Japanese laws will also apply to matters that are not stipulated in this agreement.
Taisei Auction Corporation
