Loading Spinner

Lot 70: 1/2 Gold Pound "George V", 1915

Est: €160 - €190
€160 0 bids
Bid

Leiloeira Santo Eloy

October 25, 2021, 7:00 PM WET
Lisbon, Portugal
Live Auction
Register to bid
0 saved

Description

1/2 Gold Pound "George V", 1915 ENGLAND - GEORGE V - 1910-1936 1/2 pound of 917/1000 gold. Minimal signs of use. Dim: 1.9 cm; Weight: 3.9 g

Request more information

Accepted forms of payment: COD (cash on delivery), Wire Transfer

Shipping

Auction House will help arrange shipment, at buyer's expense, after the invoice payment is made in full.

Live bidding may start higher or lower

Buyer's Premium

25.0%

From: To: Increment:
€0 €99 €5
€100 €199 €10
€200 €499 €25
€500 €999 €50
€1,000 €1,999 €100
€2,000 €4,999 €250
€5,000 €9,999 €500
€10,000+ €1,000

Extended Bidding

5 minutes/bid

Sale Conditions

Terms and Conditions of Sale
Introduction
The Auction Society of Auction St. Eligius Auctioneers, Lda, hereinafter referred to as "Leiloeira Santo Eloy", subject to its auctioneer activity to the provisions of Decree-Law no. Business Conditions contained in the following clause and also to any others expressed in a specific place. These Trading Conditions apply to all auctions organized by "Leiloeira Santo Eloy", whether in person or online. These Trading Conditions have four Sections (conditions for sellers; conditions for buyers; conditions common to sellers and buyers; and additional conditions for online auctions and online participation in face-to-face auctions); such apportionment is for the sole purpose of simplifying and facilitating consultation of the pleadings, which, however, it constitutes a whole and as such it should always be understood. "Leiloeira Santo Eloy" asks all interested parties, namely selling customers and buying customers, prior to any act that reads the present negotiating conditions, excluding the parties' lack of knowledge of them.
GLOSSARY AND FREQUENT TERMS
Bid - Offer of a price for a given lot in the course of a bid.
Hammer Price - Corresponds to the price at which a lot is awarded by the auctioneer in favor of the corresponding buyer.
Potential Buyer - It is the largest person registered in the auction, who can, by himself or through a representative, under the terms of business conditions, bid on the lots presented at auction.
Buyer - It is the largest person registered in the auction, who submits by himself or through a representative, under the terms of the business conditions, the highest bidder and to whom the auctioneer confers the lot at the hammer price.
Purchase Commission - Corresponds to the commission related to the purchase of part (s) or lot (s), applied on the hammer price, including VAT at the legal rate, and paid by the buyer at the applicable rate.
Seller - It is the person or entity that enters into a consignment contract with "Leiloeira Santo Eloy" for sale and / or placing of goods at auction.
Sales Commission - Corresponds to the commission relating to the sale, to be deducted from the hammer price, including VAT at the legal rate, and borne by the seller at the applicable rate.
Applicable Rate - Corresponds to the fees applicable to the sales commission and the purchase commission practiced and duly publicized or specified by "Leiloeira Santo Eloy".
A. CONDITIONS RELATING TO SELLERS
A.1. CONTRACT
ART. 1º - Service provision contract
The seller of a good and "Leiloeira Santo Eloy" are bound from the moment the respective service provision contract is signed by both parties, hereinafter referred to as "Contract".
ART. 2nd - Mandatory terms of the Contract
The Contract must include:
the complete identification of the seller and, if applicable, of his representative;
the identification and description, even if brief, of the property;
the minimum selling price of the asset agreed by the parties;
the commission owed by the seller to "Leiloeira Santo Eloy";
the fees due for insurance and inventory of the asset;
any other fees agreed by the parties, namely those relating to transportation, photographs,;
indication, when the seller is a taxable person of VAT acting as such, of the cases in which the transfer of the goods is not exempt from VAT, according to the provisions of article 9, point 32), or of article 53, of the VAT Code, or an identical provision of the legislation of the Member State of the European Union where the transfer takes place, nor is it subject to the special regime of margin taxation, approved by Decree-Law no. 199/96, of 18 October, or according to the identical regime of the Member State of the European Union where the transmission takes place;
any other mandatory mentions under the terms of the applicable legislation (in particular, Decree-Law no. 155/2015);
the signature of the seller or his representative empowered for the act, declaring to know and accept the present Negotiating Conditions and the particular conditions to which they exist.
ART. 3rd - Seller's Warranties and Obligations
Upon entering into the Contract, the seller:
guarantees that it has the capacity and legitimacy to contract and, in particular, to be the owner and legitimate owner of the asset and that it is free of any burden, charges or restrictions, namely in terms of possession, use, enjoyment or transfer, including classification, inventory or listing by any official entity, but no procedure has been initiated to this end; in the event that, during the term of the Contract, the seller is notified or becomes aware in some way of the beginning of a procedure aimed at the classification, inventorying or listing of the good or that any third party assumes any right over it, he must immediately inform " Auctioneer Santo Eloy "of this fact;
guarantees that it has not concealed from Leiloeira Santo Eloy any elements or information that, had they been known by it, would be likely to modify its willingness to contract or to change the description of the asset and / or the value attributed to it;
undertakes to deliver the good or to keep it at the disposal of "Leiloeira Santo Eloy" and the buyer, as soon as and whenever requested to do so;
The seller undertakes to indemnify the auctioneer and the buyer, if the above guarantees are not verified, in which case "Leiloeira Santo Eloy" reserves the right to immediately terminate the Contract.
ART. 4th - Representation by a third party
In the event that the seller is represented by a third party, the provisions of the previous article apply to the latter, with the necessary adaptations, but the representative is obliged to present to the "Leiloeira Santo Eloy" documents that certify the respective relationship with the owner. seller. (Letter of attorney)
ART. 5th - Proof of legitimacy
"Leiloeira Santo Eloy" reserves the right to request at all times the submission of documents proving the capacity and legitimacy of the seller, including, without limitation, documents proving ownership of the asset, namely documents that certify the respective acquisition by the seller .
ART. 6th - Exams and expert reports
"Leiloeira Santo Eloy" also reserves the right, at any time, to carry out or have examinations and / or appraisals carried out on the property, in order to confirm or invalidate the respective description made in the Contract. In the event that such examinations or expert reports allow the conclusion that the Contract is not materially correct, "Leiloeira Santo Eloy" may denounce or resolve it and, in the event that the seller has acted with intent or gross negligence in the
negotiation and conclusion of the Contract, shall compensate "Leiloeira Santo Eloy" for the damages and losses suffered by it, including image damage in case the sale of the asset has already been advertised. "Leiloeira Santo Eloy" may also terminate or terminate the Contract, without the seller being entitled to any compensation,
ART. 7th - Amendments to the Contract
The Contract can only be changed by mutual agreement, without prejudice to the "Leiloeira Santo Eloy" being able to change the description and increase the minimum sale price of the item in the Contract, as well as establish in the catalog where the item is included. freely the number of goods to be placed in each lot.
In cases of contract termination at the seller's initiative, the seller undertakes to compensate the auctioneer, for maintenance, evaluation, cataloging, and insurance costs, in the amount of the percentage agreed on the value of the minimum estimate of the piece (s) ) consigned (s).
ART. 8th - Non-compliance
In case of non-compliance by the seller with the respective obligations arising from the Contract, including, in particular, the obligation to make the good available to "Leiloeira Santo Eloy", the latter may notify the seller to remedy the non-compliance within a reasonable and useful period, which, if the default situation persists, "Leiloeira Santo Eloy" will have the right to terminate the Contract with immediate effect, and will also have the right to claim from the seller, as a penal clause, an amount corresponding to the commissions that would be due for seller and buyer in case of sale of the good at the reserve value stipulated in the Contract, plus any other amounts due by the seller under the Contract and without prejudice to any excess damage.
ART. 9th - Term
The Contract will last for the time agreed between the "Seller" and "Leiloeira Santo Eloy" parties, so that the respective term can only cease by (i) mutual agreement; (ii) denunciation in the cases expressly provided for in these Negotiating Conditions; (iii) unilateral resolution with just cause; or
(iv) as the case may be, with the payment of the price or the return of the asset to the seller by "Leiloeira Santo Eloy".
A.2. RESPONSIBILITY
ART. 10th - Seller's responsibility for transportation
The transportation to, and the deposit of the goods at the "Leiloeira Santo Eloy" facilities, as well as their subsequent collection and transport in case of non-sale, are the seller's entire responsibility, considering that any assistance provided by "Leiloeira Santo Eloy ", its representatives, workers or collaborators, is as a courtesy and with the permission of the seller, not being able to bear any type of responsibility for the act. The eventual indication of company or person to do so also excludes any liability of "Leiloeira Santo Eloy", its representatives, workers or collaborators.
ART. 11º - Seller's responsibility for possession
Any losses or damages, including theft or theft, that occur in a property while it is in the possession of the seller, even after the Contract is signed, are your sole and exclusive responsibility, and the latter is obliged to indemnify "Leiloeira Santo Eloy" and / or the buyer for all damages suffered.
ART. 12th - Responsibility of "Leiloeira Santo Eloy" for the deposit
With the exception of cases in which a different rule is expressly established in the present Business Conditions, "Leiloeira Santo Eloy" is only responsible for the goods that are deposited in its facilities, provided that the respective Contract is duly signed by the parties or that the goods have been formally entrusted for the purposes of identification and evaluation. The responsibility of "Leiloeira Santo Eloy" for any losses or damages, including theft or theft, that may occur in goods that have been formally entrusted to it is covered by insurance for the amount of the agreed reservation.
A.3. PAYMENT
ART. 13th - Deduction of commission and other amounts
The seller expressly authorizes "Leiloeira Santo Eloy" to deduct from the auction amount:
the commission owed to you under the Contract, plus VAT at the statutory rate; and
the value of services and other payments due under the Contract, plus VAT at the rate.
Receive the commissions due by the buyer in accordance with the business conditions set out in this document.
Whenever any seller also makes any purchase at auction, he expressly authorizes "Leiloeira Santo Eloy" to deduct from the net amount due to him, under the terms agreed, the amounts he will pay as a buyer.
ART. 14th - Term
"Leiloeira Santo Eloy" is obliged to provide the sales account to the seller within seventeen (17) business days from the full payment and withdrawal of the goods by the buyer. Payment to the seller of the sale amount, deducting commissions, services and taxes due, will take place within twenty-two (22) business days after the sale account is made available, and the seller must contact "Leiloeira Santo Eloy" for the It is made.
Considering that the buyer must make the payment within five (5) working days from the date of the last auction session, it is, therefore, expected (but not guaranteed, to the extent that it depends on the payment and withdrawal of the asset by the buyer) that payment to the seller takes place within twenty-two (22) business days from the date of the last auction session.
ART. 15th - Resale right or copyright
In the event that the good sold constitutes an original work of art within the meaning of article 54 of the Code of Copyright and Related Rights (the seller is obliged to give prior knowledge and prove such fact on the date of realization of the contract for the provision of services to Leiloeira Santo Eloy, this liability not being imputable to it), the net amount receivable by the seller includes the amount due to the author or, if applicable, to the author's heirs, as a resale right. The seller undertakes to retain such amount and pay it to the author or, if applicable, to the author's heirs, at the request of the author or whoever validly represents them. As an exception to the provisions of the previous two paragraphs, and in the case of the author, the heirs of the author or whoever validly represents them, request such payment from "
The participation referred to in the same article determines that it never exceeds the value of € 12500, being calculated as follows:
4% on the sale price, the amount of which is between € 3,000 and € 50,000;
3% on the sale price, the amount of which is between € 50,000.01 and € 200,000;
1% on the sale price, the amount of which is between € 200,000.01 and € 350,000;
0.5% on the sale price whose amount is between € 350,000.01 and € 500,000;
0.25% on the sale price, the amount of which exceeds € 500,000.01.
ART. 16th - Compensation
The seller also authorizes "Leiloeira Santo Eloy" to deduct from the net amount due to him under the terms of article 13 any sums due as a buyer of other goods in "Leiloeira Santo Eloy", thus operating the compensation.
ART. 17th - Default by the buyer
After the period referred to in article 14 has elapsed, if "Leiloeira Santo Eloy" has not received the full amount of the sale from the buyer, it must inform the seller of that fact and as the Seller's representative it may, without prejudice to any other rights that may holder, adopt one or more of the following conducts:
Take legal action to collect the amount owed.
Notify the Buyer of the resolution of the sale for non-compliance, without prejudice to the auctioneer Santo Eloy's right to receive the commission due to him by the Buyer and the possibility of bringing an action to collect this.
Charge late payment interest at the statutory rate on the Total Debt Amount up to the time of receipt.
Sell the lot or lots in question again, at auction or by private negotiation.
Remove, store and insure the lot or lots at the expense of the defaulting Buyer, and it is up to Leiloeira Santo Eloy to decide where to store the lots.
Withhold one or other or other lots sold to the defaulting Buyer in the auction in question, or in another, and release it only after the payment of the Total Debt Amount.
Reject or ignore any bid made by the defaulting Buyer or its representative in any subsequent auction or requesting a deposit from the defaulting Buyer as a guarantee before accepting any bid again.
Take any measures that at any time seem appropriate to obtain payment of the Total Amount Due from the defaulting Buyer, as well as being able to compensate for the existing debt through the amount of the price of the defaulting Buyer that is in possession of Auctioneer Santo Eloy, whatever the title.
A.4. NOT SELLING A GOOD
ART. 18th - Payment and withdrawal
1. In the case of non-sale of a good at auction, and within thirty (30) days from its last session, the seller undertakes to:
pay to "Leiloeira Santo Eloy" what is stipulated in the Contract, not having the right to any compensation or indemnity for the fact of not selling the asset; and
proceed with the lifting of the asset.
ART. 19th - Sale out of auction
"Leiloeira Santo Eloy" reserves the right to proceed to the off-sale sale of any goods not sold at auction, at the minimum sale price agreed, plus the commission and tax due, at all times until the goods are effectively withdrawn by the seller, unless the latter, when concluding the contract or subsequently, expressly indicated to "Leiloeira Santo Eloy" that he only intends to sell the good at auction.
ART. 20th - Failure to meet the withdrawal deadline
After the period referred to in article 18 has elapsed without the asset being withdrawn by the seller, the title of possession over the asset will be considered inverted, for all legal purposes, without prejudice to the seller becoming responsible for the loss or damage , including theft or robbery, which may occur in the property, and from that date neither "Leiloeira Santo Eloy" nor its representatives, workers or collaborators can be held responsible for this eventuality. The seller will also be responsible for all expenses related to the removal, storage or insurance of the asset to which it takes place, under the terms of the current price list.
ART. 21st - Replacement at auction
Unless expressly stated otherwise by the seller, on any pieces put up for auction and not sold, the auctioneer reserves the right to, within forty-five (45) business days after the end of the auction, sell at the agreed minimum sale price with the seller, plus auctioneer's commission and taxes due.
In cases where, after the deadline stipulated above or another agreed by the parties, the sale of the piece (s) has not taken place, the auctioneer must communicate the fact to the seller, so that:
The seller pays "Leiloeira Santo Eloy" what is stipulated in the contract concluded between both parties;
The seller must pick up the consigned part (s) within 5 (five) working days after the date of communication. After this period has elapsed without the seller having picked up the consigned piece (s), he is liable for any damage, including theft or robbery, and from that date he cannot ask any responsibility from "Leiloeira Santo Eloy". After the period established here, all expenses (insurance, storage, packaging, etc.) are the responsibility of the seller.
Ninety (90) days after the expiry of the period referred to in article 18 and if the seller has not voluntarily fulfilled the obligations therein, "Leiloeira Santo Eloy" may put the item up for
auction again, in person or online, without being subject to the minimum price. agreed upon sales terms, receiving the commission and fees set out in the Contract and also having the right to deduct all amounts owed by the seller.
B. CONDITIONS RELATING TO BUYERS
B.1. REGISTRATION
ART. 1º - Registration and respective requirements
In order to bid, a potential buyer must be of legal age, register in advance and have a bidding number, the name, address, taxpayer number, telephone contact and signature of the potential buyer must be included in the registration. its representative with powers for the act, declaring to know and accept the present Negotiating Conditions.
ART. 2nd - Proof of identification
"Leiloeira Santo Eloy" reserves the right, at the time of registration or at a later time, to request the presentation of the original of a valid and valid identification document to the potential buyer or his representative.
ART. 3rd - Warranty / guarantee requirement
"Leiloeira Santo Eloy" also reserves the right, at the time of registration or at a later time, to request any potential buyer or its representative to submit a guarantee, that "Leiloeira Santo Eloy", in accordance with its commercial and credit policy and according to the history of the potential buyer, consider it reasonable, both in terms of form and amount.
The participation of interested buyers may involve the provision of a security deposit, by means of a check issued in favor of St. Eligius Auctioneers, LDA. Or any other form of payment considered more appropriate and to be defined on time, the amount to be fixed for each sales process and announced on the auctioneer's online website www.leiloeirasantoeloy.com, or in any other way made public.
The security deposit referred to in the previous point will be returned to the issuer, except for the one that proposed the best price, which can be deducted from the sale price.
If the interested buyer who offered the highest sale price refuses, without legal reason, to pay the remainder of that, he forfeits the amount of the security in favor of Leiloeira Santo Eloy or the selling entity, without prejudice to the civil liability that, in the circumstances, cause.
ART. 4th - Previous non-compliance
"Leiloeira Santo Eloy" also reserves the right to refuse registration or to ignore any bid to anyone who has not fulfilled obligations, namely payment and withdrawal of one or more goods, in previous auctions
ART. 5th - Third party representation
"Leiloeira Santo Eloy" considers that whoever requests its registration as a potential buyer acts by itself, being able to act on behalf of others only by delivering a legally valid proxy, up to two (2) business days before the sale of the property . In the event that, in the end, the power of attorney is validly challenged by the allegedly represented, the alleged representative and bidder will be considered the buyer.
B.2. BIDDING AND PURCHASE
ART. 6th - Face-to-face bidding, purchase orders, telephone bidding and online bidding
Whenever a potential buyer intends to make sure that certain or certain goods are actually bidding, he / she must attend and bid in person at the respective auction, considering "Leiloeira Santo Eloy" that the presence of the potential buyer is, in any case, the most to safeguard their interests.
a) Purchase orders
"Leiloeira Santo Eloy" may bid in the name and on behalf of potential buyers who expressly request it through:
own form and in the terms and conditions contained therein, provided that the request is received three hours before the start of the respective session; or
order submitted through one or more international online platforms where the auction in question has been made available by "Leiloeira Santo Eloy", provided that the order is received in good time.
Purchase orders for a given good will be executed by "Leiloeira Santo Eloy" at the best price allowed for any other purchase orders and bids eventually received for the same good.
b) Telephone Bidding
Upon request from potential buyers, received at least three hours before the start of the respective session, "Leiloeira Santo Eloy" is also available to make reasonable efforts to contact them by phone, in order to allow their participation, thereby, in the bidding for one or more previously determined goods. A telephone bidding order implies that the potential buyer is obliged, at least, to cover the minimum estimate value indicated in the catalog. As it is not possible, for any reason, to make telephone contact with the potential buyer, "Leiloeira Santo Eloy" reserves the right to bid on your behalf for the minimum value of the online catalog / catalog, the lot (s) in question.
c) Online bidding
On certain international online platforms where the auction in question has been made available by "Leiloeira Santo Eloy", it may still be possible, in addition to the submission of purchase orders referred to above, to place online bids during the auction.
d) The services for executing purchase orders and bidding by telephone and online, referred to in the preceding paragraphs, are provided as a courtesy to potential buyers who cannot be present and are confidential and free of charge; "Leiloeira Santo Eloy" will make all reasonable efforts within its reach for its correct and punctual execution; however, neither "Leiloeira Santo Eloy" nor its representatives, workers or collaborators can, under any circumstances, be held responsible for any error, lack or omission, even if guilty, that may eventually occur in its execution; specifically in the case of purchase orders and online bids, the provisions of section D of these Trading Conditions also apply.
ART. 7th - Evolution of bids
It is up to the auctioneer to decide, with total discretionary power, the amount in which the bids evolve in the bidding process for each good, however, the auctioneer may never exceed 10% of the value of the previous bid, nor can any bid be less than € 10, except for online auctions.
ART. 8th - Preference and resolution of doubts
"Leiloeira Santo Eloy" considers a buyer to be the person who, by itself or represented by a third party with powers to act, bids and ends the good at the highest value, but without prejudice to the possibility of exercising the preference or option by official entities, under of the applicable legislation, and it is up to the auctioneer to decide, with full discretion, any doubt that may occur, including removing any asset from the auction or putting the asset back on sale at the amount in which the doubt arose.
B.3. PAYMENT AND WITHDRAWAL
ART. 9th - Commission
The buyer undertakes to pay "Leiloeira Santo Eloy" the total amount due for the sale of the asset, that is, the auction amount plus a commission:
a) In face-to-face auctions: The buyer will pay LEILOEIRA SANTO ELOY a commission corresponding to 17.0% of the "hammer price" plus VAT at the legal rate in force, which only applies to the commission amount.
b) Online Auctions: The buyer will pay LEILOEIRA SANTO ELOY a commission corresponding to 18.0% of the "hammer price" plus VAT at the legal rate in force, which only applies to the commission amount.
c) Online Sale through "INVALUABLE" site: The buyer will pay LEILOEIRA SANTO ELOY a commission corresponding to 23.0% of the "hammer price" plus VAT at the legal rate in force, which only applies to the commission amount.
ART. 10th - Payment term
The buyer undertakes to proceed with the payment referred to in the previous article and to withdraw the asset during the five (5) working days following the date of the last auction session, at the time of auction, a 30% down payment may be required. the same amount that is not covered by warranty. After the aforementioned period of five (5) business days, "Leiloeira Santo Eloy" reserves the right to charge interest at the legal rate for commercial operations.
ART. 11 - Transfer of ownership
Ownership of the asset is only transferred to the buyer after paying "Leiloeira Santo Eloy" the total amount of the sale in cash (up to a maximum amount of € 2,500), certified check or bank transfer. In the event that payment is made by non-certified check, the asset will only be delivered to the buyer after good collection of the total amount of sale.
Until the transfer of ownership, under the terms provided for in the preceding paragraph, the asset remains the property of the seller.
ART. 12th - Condition for withdrawal
The withdrawal of any asset will only be authorized after the full amount of the sale has been paid.
ART. 13th - Responsibility for the survey
The collection and transportation of goods is the sole responsibility of the buyer, considering that any assistance provided by "Leiloeira Santo Eloy", its representatives, workers or collaborators is provided as a courtesy, and no liability can arise for the fact . The eventual indication of company or person to do so also excludes any liability of "Leiloeira Santo Eloy", its representatives, workers or collaborators.
ART. 14th - Liability after withdrawal deadline
Once the asset has been lifted, or five (5) business days have elapsed from the date of the last auction session without the asset being lifted by the buyer, the buyer will be responsible for the loss or damage, including theft or robbery, that may occur in the asset . The buyer is also responsible for all costs of removal, storage and / or insurance of the asset to which it takes place, under the terms of the current price list.
ART. 15th - Responsibility of "Leiloeira Santo Eloy"
Any loss or damage, including theft or robbery, with the object of a good that has not been collected and that has taken place within the period of five (5) business days referred to in article 10, only gives the buyer the right to receive an amount equal to the until then, he has paid for the property, and is not entitled to any compensation, indemnity or interest.
ART. 16th - Consequences of non-payment
If the buyer fails to pay the total amount of the sale within five (5) business days from the date of the last auction session, "Leiloeira Santo Eloy" may, at any time, by you and on behalf of the seller , and without the buyer being able to claim any compensation or indemnity for that fact:
Take legal action to collect the total amount of the sale;
Notify the Buyer of the resolution of the sale for non-compliance, without prejudice to the auctioneer Santo Eloy's right to receive the commission due to him by the Buyer and the possibility of bringing an action to collect this.
Charge late payment interest at the statutory rate on the Total Debt Amount up to the time of receipt.
Sell the lot or lots in question again, at auction or by private negotiation.
Remove, store and insure the lot or lots at the expense of the defaulting Buyer, and it is up to Leiloeira Santo Eloy to decide where to store the lots.
Withhold one or other or other lots sold to the defaulting Buyer in the auction in question, or in another, and release it only after the payment of the Total Debt Amount.
Reject or ignore any bid made by the defaulting Buyer or its representative in any subsequent auction or requesting a deposit from the defaulting Buyer as a guarantee before accepting any bid again.
Take any measures that at any time seem appropriate to obtain payment of the Total Amount Due from the defaulting Buyer, as well as being able to compensate for the existing debt through the amount of the price of the defaulting Buyer that is in possession of Auctioneer Santo Eloy, whatever the title.
The foregoing alternatives must be understood without prejudice to any other rights that "Leiloeira Santo Eloy" may hold, including the right to claim payment of interest and the costs of removing, storing and / or insuring the asset to which it exists. place. Likewise, the fact that "Leiloeira Santo Eloy" initially opts for the hypothesis provided for in a) should be understood without prejudice to the right to, at any time, terminate such action and cancel the sale under the terms provided for in b) .
B.4. RESPONSIBILITY OF "Leiloeira Santo Eloy"
ART. 17th - Responsibility for descriptions
"Leiloeira Santo Eloy" is responsible for the accuracy of the descriptions (the references to the time, the style, the author, the materials and the state of conservation) of the goods made in their online catalogs / catalogs and online publications , without prejudice to being able to correct them publicly and verbally until the time of sale.
ART. 18th - Conservation status and special cases
All goods are sold in the condition they are in, and it is the responsibility of potential buyers to personally confirm, through a prior examination of the property, the accuracy of the description contained in the catalog, namely with regard to any restoration, shortages or defects mentioned there.
In the case of goods whose constitution includes mechanisms, such as watches or music boxes, whenever the description of the good in the catalog does not expressly mention the possible "need to repair the mechanism" or equivalent expression, it must be understood that the good mechanism is in operation;
In the cases provided for in the preceding paragraph, the responsibility of "Leiloeira Santo Eloy" is restricted to the mere functioning of the mechanism, and not to its perfect functioning, and ceases, in any case, at the moment of the lifting of the asset by the buyer;
The mention of signatures, names, initials, marks or acronyms existing in an asset and its mere factual transcription in the respective description does not mean attribution of authorship by "Leiloeira Santo Eloy" unless in cases where this authorship is expressly assumed at the beginning of the description.
ART. 19th - Vices of descriptions
If there is a relevant discrepancy (ie, which implies a significant change in the value of the asset) between the description and the reality of the asset at the time of the auction, the buyer, and only him, can, during the period of one (1) years counted from the date of the auction, request the return of the total amount of the sale through the return of the asset, in the condition it was in at the time of the auction, however, not having any right to compensation, indemnity or interest.
ART. 20th - Burden of proof
It is up to the buyer to demonstrate the existence of a relevant discrepancy between the description and the reality of the asset, under the terms and for the purposes of the previous articles.
ART. 21st - Support expertise
"Leiloeira Santo Eloy" may require the complaining buyer to present a written presentation accompanied by an expert opinion signed by an expert recognized in the national or international market, without prejudice to the right that he has, in any case, and at all times, to oppose to the expert report presented another of equivalent value.
ART. 22nd - Photos
The photographs or representations of the property in the catalog are intended exclusively for the identification of the property subject to sale.
ART. 23rd - Third party claims
"Leiloeira Santo Eloy" is not responsible to the buyer for any goods that, due to a fact imputable to the seller or to a third party, may be the subject of complaints or claims by third parties and / or seized, provisionally or definitively, by the competent authorities , regardless of the date on which the respective claim, claim or seizure was determined or carried out, and the nature or amount of any damages, losses or damages that may arise from the fact to the buyer, which must be claimed by the buyer directly to the seller or third causer.
ART. 24th - Transmission, export and similar restrictions
"Leiloeira Santo Eloy" is also not responsible to the buyer for any goods that may be prevented from leaving the country or subject to any other burden, burden or restriction, namely in terms of possession, use, enjoyment or transfer, including under the legislation for the protection of cultural heritage, regardless of the date on which the respective classification, inventory or listing was carried out, and the nature or amount of any damages, losses or damages that may arise to the buyer from this impediment, which must be claimed by the buyer directly to the seller or the third party responsible. Likewise, it is the buyer's responsibility to inquire about (and, if applicable, obtain) any (i) licenses and other export formalities or restrictions, from Portugal to the destination country intended by the buyer; and (ii) licenses and other import formalities or restrictions in the destination country intended by the buyer - eg, certain countries establish restrictions on the import of goods incorporating plant or animal elements.
ART. 25th - Limitation of Liability
Except in case of intent and without prejudice to the transfer of responsibility to the insurance company, the eventual liability of "Leiloeira Santo Eloy" to the buyer, namely for damage to the piece is, in any case, limited to the amount effectively paid by him by acquisition of the good.
C. CONDITIONS COMMON TO SELLERS AND BUYERS
ART. 1st - Independence
The "Leiloeira Santo Eloy", respective partners or legal representatives or spouses, their ancestors or descendants, do not, under any circumstances, act on their own behalf as sellers or buyers of the goods put up for auction.
ART. 2nd - Advertising authorization
The seller and the buyer expressly authorize "Leiloeira Santo Eloy" to photograph, publish, advertise and use, in any form and at all times, for commercial, cultural, academic or other purposes, whether or not related to the auction, the image and description of all goods that have been put up for auction through it.
ART. 3rd - Forum
For the resolution of any conflict between the parties on the interpretation or validity of the contract, including these Negotiating Conditions, as well as on the execution and fulfillment of the same, the jurisdiction of the district of Lisbon will be exclusively competent.
ART. 4th - Description of Lots
Any representation or description presented by "Leiloeira Santo Eloy", in any catalog, with respect to authorship, attribution, genuineness, origin, date, age, provenance, status or estimate of the sale price, should be understood as a mere issue of opinion based on your current knowledge of the parts and the warranties given by the seller.
All buyers or potential buyers must establish their own value judgment regarding the description, condition and conditions of the lots or parts of interest.
Regarding the condition and description of the lots, the following should also be considered: The lots taken to the square will be sold in the places and state they are in, being the responsibility of potential buyers, to analyze the state of them during their public exposure in the previous days. the auction, as well as the rigor of the description contained in the catalog and mention of eventual restorations, defects, faults and imperfections.
ART. 5th - Communications
Communications from "Leiloeira Santo Eloy" to sellers, buyers, potential buyers or owners, must be made by email, telephone or registered mail, being considered received up to 48 hours after dispatch.
D. CONDITIONS RELATING TO ONLINE AUCTIONS AND ONLINE PARTICIPATION IN PRESENT AUCTIONS
The preceding Business Conditions apply to online auctions and online participation in face-to-face auctions, with the following adaptations and modifications, resulting from their specificity:
ART. 1st - Platforms
"Leiloeira Santo Eloy" organizes auctions exclusively online, on the website / website of "Leiloeira Santo Eloy", at leiloeirasantoeloy.liveauctions.pt - hereinafter referred to as "LSE Platform". "Leiloeira Santo Eloy" also allows online participation (including the issuance of purchase orders and bidding) in the respective face-to-face auctions, through certain platforms managed by third parties - hereinafter referred to as "External Platforms".
ART. 2nd - Catalog of online auctions
The catalogs with the images and descriptions of each and every one of the goods that are part of the online auctions are only available in digital version on the LSE Platform.
ART. 3rd - Online registration
In order to be able to issue purchase orders and bid in an online auction, the potential buyer must be of legal age and register in advance on the LSE Platform, obligatorily filling in the fields containing your name, address, taxpayer number, telephone contact and email and declaring to know and accept the present Negotiating Conditions.
In order to be able to issue purchase orders and bid online in a face-to-face auction, the prospective buyer must register in advance on the LSE Platform or in the case of being made available on External Platforms, complying with the rules and being bound by the terms and conditions of that platform. When doing so and issuing purchase orders and / or bidding in a face-to-face auction of "Leiloeira Santo Eloy", the potential buyer also agrees to be bound by the present Negotiating Conditions, which will prevail, in case of contradiction, over the terms and conditions of such a platform.
The password chosen and other means of authentication when registering on the LSE Platform or, as the case may be, on one of the Third Party Platforms must be kept confidential by the potential buyer, who is responsible for any unauthorized access to the respective account.
"Leiloeira Santo Eloy" reserves the right to cancel or suspend the registration of those who have not occasionally fulfilled obligations, namely payment and withdrawal of one or more goods, in previous auctions.
ART. 4th - Purchase orders and bids in online auctions
In online auctions of "Leiloeira Santo Eloy" only purchase orders and online bids through the LSE Platform will be accepted, and the bidder and potential buyer must register under the terms of paragraph a) of the previous article;
Only purchase orders and bids with a value equal to or greater than the base value of each item will be accepted;
Online purchase orders for a given item will be automatically executed by "Leiloeira Santo Eloy" at the best price allowed for any other purchase orders or online bids eventually received for the same item;
The increments of online bids will in no case exceed 10% of the value of the previous purchase order;
Purchase orders and online bids received and accepted by "Leiloeira Santo Eloy" are confidential;
The bidder and potential buyer accepts that their purchase orders and bids on the LSE Platform, once accepted, are definitive and cannot, by any means, be canceled or revoked until the end of the period in which the auction in question takes place;
In an auction of "Leiloeira Santo Eloy" that only takes place exclusively on an online platform, all bids made by online bidders are concluded purchase and sale contracts and are considered definitive and binding. If two buyers make a maximum bid of the same value, the first one presented to "Leiloeira Santo Eloy" will be considered valid;
In an auction of "Leiloeira Santo Eloy" that only takes place exclusively on an online platform, the mandatory additions for each bid are indicated in the bidding interface, bids of lesser amounts are not accepted.
ART. 5th - Payment and withdrawal at online auctions
The online buyer undertakes to pay "Leiloeira Santo Eloy" the total amount due for the sale of the asset, that is, the amount of the auction, plus a commission, which includes VAT, applied in steps:
up to € 300 (inclusive ) - 24.60%;
in the portion that exceeds € 300 and up to € 1,000 (inclusive) - 22.14%;
in the portion that exceeds € 1,000 and up to € 3,000 (inclusive) - 18.45%;
in the part that exceeds € 3,000 and up to € 20,000 (inclusive) - 14.76%;
in the part that exceeds € 20,000 - 12.30%;
In the exceptional cases duly noted in the catalog, VAT may still be due on the amount of the auction;
The online buyer undertakes to proceed with the payment referred to in the preceding paragraphs and to withdraw the asset during the five (5) business days following the end of the auction;
Payment can be made by cash (up to a maximum amount of € 2,500), ATM, bank transfer or certified check; in the event that payment is made by non-certified check, the full amount of the sale is only considered paid after good collection;
Ownership of the asset is only transferred to the buyer after the "Leiloeira Santo Eloy" is paid the full amount of the sale; until the transfer of ownership, the asset remains the property of the seller;
After the aforementioned period of five (5) business days without the payment due having been made, "Leiloeira Santo Eloy" reserves the right to bring an action or cancel the sale, applying article 16 of the present Business Conditions, to which it refers;
The collection and transportation of goods is the sole responsibility of the buyer, considering that any assistance provided by "Leiloeira Santo Eloy", its representatives, workers or collaborators is provided as a courtesy, and no liability can arise for the fact . The eventual indication of company or person to do so also excludes any liability of "Leiloeira Santo Eloy", its representatives, workers or collaborators.
The rules provided for in this article are exclusively applicable to online auctions. In the case of bidding and buying online in face-to-face auctions, the rules of the latter apply, as set out in the preceding Sections.
ART. 6th - Absence of the right of free withdrawal
The online buyer in online or face-to-face auctions recognizes that, having made a purchase at auction, he does not benefit from the right of free termination of the contract provided for in the legislation that regulates contracts concluded at a distance.
ART. 7th - Responsibility
The LSE Platform operates, in all phases (including, without limitation, registration, account access by registered users, management of purchase orders and bids, determination of the winning bid and communication with registered users) in a fully automated way. External Platforms operate in a partially automated way. In both cases, there may be periods of unavailability of the LSE Platform or the External Platforms and / or problems and errors in their operation, which can be caused by multiple factors, including, in particular, Internet connection problems, overload, viruses and computer attacks and inconsistencies and programming errors - hereinafter "Platform Operation Problems".
In the case of online auctions, Platform Operation Problems may compromise the performance of one or more online auctions or affect, within a given auction, one or more lots; likewise,
Platform Operation Problems can affect most users, a group of users or just a specific user, who may, in particular, be unable to register, unable to access their account, unable to place an order purchase or bidding, placing a purchase order or bidding that will not be taken into account or not receiving certain communications (for example of outdated bidding) or receiving erroneous communications.
In the case of face-to-face auctions, Platform Operation Problems can lead to one or more users not being able to register, not being able to access their account, not being able to place purchase orders or bids, placing a purchase order or a bid that it will not be taken into account or they will not receive certain communications (for example of outdated bidding) or receive erroneous communications. Thus, whenever a potential buyer intends to be sure of the effective bidding for a particular item or items, he / she must attend and bid in person at the respective auction, considering "Leiloeira Santo Eloy" that the presence of the potential buyer is, in any case, the most appropriate way to safeguard their interests.
Neither "Leiloeira Santo Eloy", nor its representatives, workers or collaborators can, under any circumstances, be held responsible for any Problems of Operation of the Platform.
In the event of a Platform Operation Problem in an online auction, "Leiloeira Santo Eloy" may, but is not obliged to, repeat the affected auction or replace the affected goods in a new face-to-face or online auction. In the event of a Platform Operation Problem occurring in a face-to-face auction, it will be up to the auctioneer to decide, with full discretion, any doubts that may arise.
ART. 8th - Personal Data
Sellers and buyers ("customers") expressly recognize "Leiloeira Santo Eloy" the right to treat their personal data, namely, identification data, contact details and bank account identification data.
The processing of data is carried out for the purpose of complying with the business conditions and contractual obligations provided for in this contract.
"Leiloeira Santo Eloy" may transmit personal data to public and / or private authorities and entities, in order to comply with legal obligations, including, without excluding, the Tax Authority, the Directorate-General for Cultural Heritage, the Judicial Police, ASAE and the Portuguese Authors Society.
We also share the data - to the extent strictly necessary - with entities that provide services to "Leiloeira Santo Eloy" and that within the scope of these services process or may process the personal data of customers.
The clients' personal data may be kept by "Leiloeira Santo Eloy" for a period of up to 10 (years) after the termination of the contractual relationship, which may be longer based on compliance with applicable legal obligations or usable in any legal proceedings.
Under the terms of the applicable legislation on personal data, customers are granted the following rights in relation to the processing of their personal data: (f1) right of access, (f2) right to erase, (f3) right of rectification, (f4) right to portability, (f5) right to limit treatment, (f6) right to opposition and (f7) right to complain - ie, right to file a complaint with the National Data Protection Commission ( https://www.cnpd.pt ).
The owner declares that he has become aware of the "Leiloeira Santo Eloy" Privacy Policy available at the following link www.leiloeirasantoeloy.com .
ART. 9 - (Competent Forum)
For any and all issues arising from the present conditions of sale, the jurisdiction of the District of Lisbon will be competent, with express waiver of any other.
FINAL DISPOSITIONS
. GENERAL DATA PROTECTION REGULATION - GDPR
Under the terms and for the purposes of the GDPR and in accordance with the Privacy Policy to which it is attached, and to which it refers, "Leiloeira Santo Eloy" undertakes to treat personal data lawfully, with respect for the principle of good faith and with absolute confidentiality, ensuring that the personal data collected are adequate, relevant and not excessive in relation to the purposes for which they are collected and processed.
. LEGAL RULE OF OURIVESARIA AND CONTRASTARIAS - Law nº 98/2015,
of 8/18/2015 and Dec. Law No. 44/2016 of 8/17/2016
Each and every one of the goods made of precious metals, offered for sale by "Leiloeira Santo Eloy", complies with the provisions of the referred diploma and respective regulation, being properly contrasted whenever this is legally required.
.CITES - CONVENTION ON INTERNATIONAL TRADE IN WILD FAUNA AND FLORA SPECIES THREATENED WITH EXTINCTION
Each and every one of the goods incorporating materials of species of protected wild fauna and flora, offered for sale by "Leiloeira Santo Eloy", was previously certified in accordance with the provisions of CITES. Under the terms of the applicable legislation, the respective buyer must apply for the new registration on his behalf with the competent authority.
In case of dispute and in the case of a consumer, you can resort to an Alternative Resolution Entity for consumer disputes:
http://www.centroarbitragemlisboa.pt
Lisbon Consumer Conflict Arbitration Center
Rua dos Douradores, nº 116 - 2º, 1100 - 207 Lisboa
www.centroarbitragemlisboa.pt
Vale do Ave Consumer Conflict Arbitration Center / Arbitral Tribunal
http://www.triave.pt
CIAB - Consumer Information, Mediation and Arbitration Center (Consumer Arbitral Tribunal)
http://www.ciab.pt/pt
CNIACC - National Center for Consumer Conflict Information and Arbitration
http://www.arbitragemdeconsumo.org
Consumer Disputes Arbitration Center of the District of Coimbra
http://www.centrodearbitragemdecoimbra.com
Algarve Consumer Conflict Information, Mediation and Arbitration Center
http://www.consumoalgarve.pt
Porto Consumer and Arbitration Information Center
http://www.cicap.pt
More information on the Consumer Portal www.consumidor.pt.
As a consumer, you can now exercise your right to submit a complaint electronically via the website www.livroreclamacoes.pt .

Accepted Forms of Payment

COD (cash on delivery), Wire Transfer

Shipping Terms

Auction House will help arrange shipment, at buyer's expense, after the invoice payment is made in full.

Auction at a Glance

Single session: October 25

by
Leiloeira Santo Eloy
October 25, 2021, 7:00 PM WET Live Auction

Lisbon, Portugal