Terms & Conditions / User Agreement
The text below is arteautoauction’s (l’art et l’automobile) agreement and terms and conditions required to register and bid on bidsquare. Please read completely before deciding to agree or disagree with these terms.
About the Auction
Our Timed Online Auctions via Bidsquare are for online bidding only. The concept is simple: the bidder places online bids before the deadline date, after which the auction is considered closed and each lot goes to the highest bidder. Bidders are encouraged to bid early. Under bidders will be informed when they are outbid in order to have the opportunity to increase their bids. Bidding Deadline (always Central Standard Time) is advertised on the auction page. New bids cannot be placed after closing. All bids will be handled through Bidsquare’s online auction system.
Buyer’s Premium & Sales Tax
Bidders are reminded that the purchase price to be paid by the highest bidder will be the sum of the final bid price plus the buyer’s premium of 15% of the final bid. Purchases within the state of Texas are subject to 6.75% sales tax, unless the buyer is exempted by law and provides arteautoauction (l’art et l’automobile) with a valid and current resale certificate.
Bids may be placed online only via Bidsquare. The Maximum bid feature allows you to place an opening bid and indicate your maximum bid. In this case, the auction system will raise your bid using the standard increment structure up to but not exceeding your maximum bid, after which you will be informed when you are outbid.
Price Range Estimates
In addition to descriptive information, each entry on our web site contains a price range which reflects, in our opinion, the prices expected to be realized.
The reserve, reserve price or starting bid is the minimum price that arteautoauction (l’art et l’automobile) is willing to accept. Below that starting price the lot will not be sold. This amount is agreed upon before the auction by both arteautoauction (l’art et l’automobile) and Bidsquare.
Raising your Bids
Minimum bid increments are as follows:
$1.00 to $99.99 = $5.00 bid increment
$100.00 to $499.99 = $20.00 bid increment
$500.00 to $999.99 = $50.00 bid increment
$1,000.00 to $4,999.99 = $100.00 bid increment
$5,000.00 to $9.999.99 = $250.00 bid increment
$10,000.00 to $49,999.99 = $500.00 bid increment
$50,000.00 to $99,999.99 = $1,000.00 bid increment
$100,000.00 to $499,999.99 = $2,500.00 bid increment
$500,000.00 and over = $5,000.00 bid increment
Payment may be made to l’art et l’automobile by checks drawn on a US bank, US currency, wire transfer (plus $35 fee), PayPal, American Express, Visa, MasterCard and Discover (PayPal and all credit cards payments will incur a 3% fee). Statements are issued within 10 days of the auction end and buyers are to make payment within 15 days of the day they receive their statement. If payment has not been received within 15 days of the statement date, there will be a late/storage monthly fee of 1.5%.
We use UPS ground service. Buyer pays shipping. Overseas shipping fees to be agreed upon between buyer and l’art et l’automobile. We recommend UPS for all shipments domestic and international as items are trackable and insured in case of loss or damage. Any other carriers are the owner’s sole responsibility.
For international shipment, if declared for the full value, this will be the declared value for Customs. The buyer is solely responsible for all duty fees.
Your invoice will be included in your package for domestic (USA) shipping, in an email for international.
Buyer must obtain return authorization from arteautoauction (l’art et l’automobile). Such authorization is given only under the condition that the lot(s) is not received as described in the catalog. Requests for return must be made no later than 10 days from receipt of item. Bids cancelled or returned after the end of the auction for any other reason will incur a cancellation fee of 10% of the closing price.
Conditions of Sale
arteautoauction (l’art et l’automobile) acts solely as agent for the seller of each lot.
All property is sold “as is” and arteautoauction (l’art et l’automobile) makes no express or implied representations of any kind or nature with respect to each lot beyond the descriptions contained in the text. It should be noted that all items are described accurately to the best of our knowledge, and questions may be asked.
l’art et l’automobile reserves the right to offer duplicate examples to the under bidder.
This agreement is entered into pursuant to the laws of the State of Texas and shall be so construed and governed.
Need help or information? Call us at (830) 864-5040 or Contact us