Terms And Conditions
Terms and Conditions
Over the years we have strived
to develop and maintain a reputation for being fair and honest. In preparing
the terms and conditions, we have tried to apply these same principles
in order to insure a thorough understanding of the multitude of questions
and circumstances that are an inherent part of every auction. In order
that we may proceed on even ground, please read and be familiar with the
terms and conditions prior to participating in the auction. Please call
if you have any additional questions.
Verification of Bids
Opening and Advancing Bids
Left or Up To Bids
Grading and Estimates
Right of Refusal
16. Clocks, Light-Ups, Mechanical & Electrical Items
1. Bidding: Bidding
on our Internet auction site can be done in one of three ways: (a). A
left mouse click on the "Place Bid" button will automatically enter your
bid to the next appropriate incremental amount (see para. 3); (b). You
may enter any amount greater than the next bid increment by highlighting
the current bid, enter the dollar amount that you wish to bid and left
mouse click the "Place Bid" button, or (c). Enter an amount in the "Automatically
Bid Up To" box and, then click the "Place Bid" button and the program
will automatically raise your bid to the next increment and bid on your
behalf whenever the bid is raised on that particular lot. You will automatically
be notified by Email if your bid is exceeded no matter which method of
bidding you choose. If you have problems with your computer or in the
event of a "glitch", or if you just prefer the personal touch of verbal
communications, you may call in your bids (405) 285-8990. However, if
the lines are busy, please try to confine your item check list to ten
(10) lots if you are not advancing the bids. Also note that with Internet
bidding current prices may change very rapidly thereby requiring more
phone calls in order to stay in the bidding. NOTICE: NO MATTER WHAT
METHOD YOU CHOOSE ONCE A BID IS PLACED IT IS CONSIDERED A LEGAL CONTRACT
TO PURCHASE AND THE BID CANNOT BE CANCELED OR RETRACTED. PLEASE DO NOT
BID MORE THAN YOU WISH TO PAY. Budget yourself and adhere to that
budget, there is always a chance that you may end up with more winning
bids than you expected and Buffalo Bay Auction Co. is not responsible
for your bidding decisions.
Verification of Bids: If you have placed your
bid by e-mail, fax or regular postal mail, you should verify the placement
of your bid by phone prior to the final auction date. Please call to insure
that your bids have been received and posted. Bids, other than by phone,
must be received by 10:00 P.M. of the evening prior to the auction final
and Advancing Bids: The minimum opening bid on any lot is $25.00.
Advances on bids may be made in even amounts only and at increments stated
Bids submitted in odd dollar amounts will be advanced to
the nearest even amount in accordance with the chart above.
4. Call Backs: You may request
a call back on any item(s) that exceeds $200.00. We will do our best to
honor and provide this service to the best of our abilities, however,
this is in no way to be construed as a guarantee. Requests for call backs
should be submitted prior to the final auction date to insure that they
are logged in and recorded with all staff members. Note: call backs
will not be made until the close of the auction which could mean a very
late evening wake up call. If this is not satisfactory please use
the "left or up to" bids service described in paragraph 5.
Left or Up To Bids: If you cannot stay up, are
unable to call in, or if you do not desire a late wake up call (see para.
4) we will be glad to execute "up to or left" bids in your behalf. As
with call backs, there is no guarantee that a left bid, submitted on the
final day, will be executed. Both of these services require uninterrupted
intervals to insure that they are posted with all staff members and properly
executed against any other possible up to/left bids. All "up to or left"
bids will be executed in a professional and discreet manor on your behalf.
Open end bids (exceed all others) will not be accepted.
6. Tie Bids: In the event
that two or more identical final bids are received on the same lot, said
item will be awarded to the bidder with the earliest date and time entry.
The auctioneer's decision in this situation is final. If there is any
further dispute of this decision Buffalo Bay Auction Co. reserves the
right to: (A) either withdraw the item from the sale; (B) reopen the bidding
between the bidders in dispute; or (C) offer the item up for sale to all
bidders in the next scheduled auction.
7. Grading and Estimates:
Grading is on a five point scale (see chart at the end of the terms
and conditions), and is based solely on our interpretation of grade. No
refunds will be made based on a difference of opinion concerning our condition
scale. Until a grading scale is put forth that completely eliminates fluctuations
in interpretation we will not consider any refunds based on discrepancies
of interpretation. Exception: If there is a blatantly obvious mistake
between the printed grade definition and our photographs and notes, and
the item is returned within seven days of receipt in exactly the same
condition as our records indicate, a full refund (less shipping, handling
and insurance) will be made. See Guarantee for additional information
concerning returns. Estimates: The estimates placed on items in
this auction are based on either prior sales or they are strictly an educated
guess on the items value. Markets can change drastically based on supply
and demand. These estimates are only meant to serve as guides, you the
collector are the final authority on the actual value of any given item.
NOTE: Please call prior to the auction final date with any questions
or concerns regarding grade, condition, age, etc. Private viewing by appointment
only prior to final day. No viewing on final day, no exceptions.
Guarantee: We attempt to maintain consistency in our photographs, descriptions
and grading from one auction to the next in order to maintain a high degree
of respect and confidence in our interpretation so that our customers
may bid with confidence. With only eleven lots returned in 1997 the question
of grading (para. 8) is nearly mute as are the next three points, however,
these guarantees do apply:
(a) Every item, unless otherwise noted
in the catalogue or announced verbally, is old and not a reproduction.
(b) Every item, unless noted otherwise
in the catalogue or announced verbally, is completely original and not
a fabrication or marriage of two or more items. In regards to framed items,
this guarantee applies to the item only and not the frame unless noted
otherwise that it is the original frame.
(c) Every item, unless noted otherwise
in the catalogue or announced verbally, is free of any restoration or
If there is a question of authenticity Buffalo Bay Auction
Co. must be notified within fourteen (14) days of receipt. You must notify
us by phone, fax or e-mail prior to having your concerns substantiated/authenticated
by a third party. At this point, Buffalo Bay Auction Co. will grant an
extension in order that the items authenticity can be determined by an
unbiased party (Buffalo Bay Auction Co. reserves the right to verify any
findings). If the disputed item proves to be in compliance with the above
conditions, Buffalo Bay Auction Co. will issue a full refund plus any
actual charges incurred in determining the items authenticity up to a
maximum of $50.00, supported by appropriate invoices. (see para. 11,
payment terms for exception)
10. Buyers Premium: All
items sold in this auction are subject to a 14.00% buyers premium
which will be reflected on all invoices (there is a 4.00% discount for
on time payment by good check or cash - see para. 11).
11. Payment Terms: All
successful bidders will be invoiced normally within 72 hours of the auction.
Payment may be made by check (clearance may be required-a $25.00 handling
charge will be added for any returned checks), money order, cashiers check
or by Mastercard, Visa, Discover or Novus credit card (credit cards are
subject to a 3% service fee). Oklahoma residents are also subject to
a 8.25% sales tax unless a tax exempt certificate is filed with Buffalo
Bay Auction Co. Full payment is due within ten (10) days of the auction.
There is no right of return privilege if payment in full is not
received within 14 days of the close of auction. A 2% per month
finance charge will be assessed on any unpaid balances if payment is not
received in 29 days. If payment, or arrangements for payment, have not
been made within 14 days of the auction Buffalo Bay Auction Co. may, at
its discretion offer said items to the underbidder.
Right of Refusal: Buffalo Bay Auction Co. reserves
the right to deny participation in any/all auctions to any individual
if problems arise regarding credit, nonpayment or returned checks. If
we are forced to turn over any account for collection, buyer agrees to
pay all costs incurred in the collection process. Please set your limits
before bidding, remember: your bid is a legal contract to purchase.
13. Payment Terms: If
Buffalo Bay Auction Co. is notified seven (7) days prior to the end of
auction and before any bids are submitted, qualified bidders may request
to make payments over sixty (60) days from the end of the auction. A nonrefundable
25% deposit and a $25.00 service charge are required for this service
and bank and personal references may be requested. If payment in full
is not received within 60 days Buffalo Bay Auction Co. may, at its discretion,
resell the item(s).
14. Shipping: All items will
be shipped as soon as possible in the order of payment received.
We do not do our own packaging, packaging,
shipping and insurance charges will be included on all invoices, no collect
calls or COD's will be accepted. Buffalo Bay Auction Co. is not responsible
for damages incurred in shipping, any and all claims must be filed with
the carrier. If you wish, you may personally pick up your items. Please
notify us immediately if this is your intention otherwise packaging charges
may be incurred.
15. Catalogue Rights: Buffalo
Bay Auction Co. retains all rights to this catalogue including photographs,
descriptions, and prices realized. Any commercial use or reproduction
of the contents of this catalogue, without the written consent
of the officers of Buffalo Bay Auction Co. is strictly forbidden.
16. Clocks, Light-Ups, Mechanical &
Electrical Items: All items are guaranteed as described while in our
possession. Once sold there is no warranty or guarantee as to the working
condition of these type of items which due to the age and temperment of these
mechanisms are easily affected by temperature changes, handling and/or shipping
Interpretation of Grade
Grade 10: Mint,
unused or unopened-no wear or fading.
Grade 9: Very minor imperfections primarily to
areas subject to wear-lids and rims on tins, light roll creases on mail
order calenders and paper items, soiling on print edges, light paper loss
on containers opened by string pull, etc., but all image areas are near
Grade 8: Light scratches, minor dents, very light
edge rusting or litho loss at edges, minute edge tears that may go into
image area, color is very good to excellent and overall the item views
nicely at three feet.
Grade 7: Heavier scratching or flaking, light dents,
pitting or rust spots, or light fading, stains or soiling. Tears in excess
of 3" but not into primary image, edge damage, etc. very presentable at
Grade 6: Very noticeable damage or deterioration.
Note: Again, this is our interpretation - grading is subjective and not
a criteria for refund except as noted in paragraph 7 exception.
Auction Expires Ends04/16/2014 @ 9:00:00 PM CST
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