Conditions of Sale

BUYER'S PREMIUM

The buyer's premium INCLUDING invaluable's 5% fee is as follows:

30% on the first $100,000 of the Hammer Price;
25% from $100,001 to $2,000,000 of the Hammer Price; and
17% on any amount of Hammer Price in excess of $2,000,000

The buyer's premium is added to the successful hammer price of every lot purchased on invaluable.com or via its partners/subsidiaries, which the purchaser of the lot agrees to pay along with applicable taxes as part of the total purchase price.

CONTRACT

If you are the successful and winning bidder, you have entered into a legally binding contract to purchase the property bid on from Shapiro Auctions LLC. Therefore, place a bid only if you are serious about buying this item.

CONDITION

Condition reports are usually available on request. Please contact us if you would like a condition report on this item. Please note that any condition statement is given as a courtesy to our clients, is only an opinion and should not be treated as a statement of fact. Shapiro Auctions, LLC. shall have no responsibility for any error or omission. The absence of a condition statement does not imply that the lot is in perfect condition or completely free from wear or tear, imperfections, or the effects of aging.

PAYMENT

Winning bidders will receive an invoice by email after the auction along with payment instructions and bank information if paying by wire transfer. PLEASE NOTE: Payment must be received within seven days following the auction date. We accept cash, check, money order, bank wire transfer, credit card (Visa, Mastercard, Amex), or paypal. For payments by credit card or paypal, the maximum invoice amount on which payments are accepted is $5,000, and a 3% surcharge to the entire purchase price, including buyer's premium and any other charges, is added to the invoice. We reserve the right to require payment by methods other than credit card or paypal for any reason. All payment must be made in US Dollars.

SHIPPING

Arranging and paying for shipping of property is the responsibility of the purchaser as we do not ship directly. If you are interested in receiving a shipping quote before or after the auction, we suggest that you contact several local shippers. Some shippers our clients have used in the past include:

For items shipped from New York City
(1) Lex Pack and Ship (Bob or Irma), Tel. +1 (212) 288-4425, email: [email protected]
(2) The UPS Store (Waldo) Tel. +1 (917) 217-7680, email: [email protected]
(3) Fine Art Shippers LLC, (Oleg) Tel. +1 (917) 658-5075, email: [email protected] (also can help with Russia/CIS Shipments, including crates)
(4) Global Transit Group (Rostislav), Tel. +1 (718) 449-1971, email: [email protected] (also can help with Russia/CIS Shipments)

For larger items, art shuttles, and anything requiring wooden crates or specialized art transport
(1) Thomas Sullivan Transportation Management Inc.: +1 (718) 822-4169, email: [email protected]
(2) Cadogan Tate Fine Art: +1 (718) 706-7999, email: [email protected]
(3) James Bourlet, Inc: +1 (718) 392-9770, email: [email protected]
(4) Atelier 4: +1 (718) 433-3500, email: [email protected]
(5) Max Art International LLC, (Darius) Tel. +1 (917) 502-8731, email: [email protected] (also can help with Russia/CIS Shipments, including crates)

For local van and truck deliveries in New York City, Long Island, and the Tri-State Area
(1) Crossroads Delivery (Arthur): +1 (917) 807-3758, email: [email protected]
(2) ArtWay Fine Art Services (Lenny): +1 (718) 213-6886 email: [email protected]

Please note, clients are free to choose their own shippers. We are not liable for the actions of any outside shippers and these recommendations are provided only for convenience.

TAXES

Unless exempted by the law, the purchaser will be required to pay the combined New York State and local sales tax (currently 8.875% in New York City), any applicable compensating use tax of another state, and if applicable, any federal luxury or other tax, on the total purchase price including buyer's premium. Purchases picked up in New York State or delivered to locations in New York State are subject to sales or compensating use tax of such jurisdiction, and Shapiro Auctions LLC is required by law to collect and remit the appropriate sales tax in effect in New York State unless appropriate documentation of exemption is provided. Buyers claiming exemption from sales tax must have the appropriate documentation on file with Shapiro Auctions LLC prior to the release of the property. If property is delivered to a state where Shapiro Auctions LLC is not required to collect sales tax, it is the responsibility of the purchaser to self-assess any sales or use tax and remit it to taxing authorities in that state. Shapiro Auctions LLC is not required to collect sales tax for property delivered to the purchaser outside of the United States.