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Buyer's PremiumR0 - 20,000: 15.0%
TERMS AND CONDITIONS OF STRAUSS & CO FOR ONLINE AUCTIONS
THE TERMS HEREUNDER COMPLY WITH THE PROVISIONS OF THE CONSUMER PROTECTION ACT, 2008 (ACT) AND THE REGULATIONS PROMULGATED THEREUNDER, SUBJECT TO THE EXEMPTION FROM THE APPLICABILITY OF CERTAIN PROVISIONS.
(a) Strauss and Company Proprietary Limited (Registration No. 1972/000019/07) (Strauss & Co) carries on business as fine art, decorative arts and jewellery auctioneers and consultants. As auctioneers, Strauss & Co would usually act as agent of the seller of a Lot or (in instances where Strauss & Co owns or has a financial interest in any Lot) as principal. The contractual relationship of Strauss & Co with prospective buyers and sellers is governed by (i) the conditions set out below, (ii) any additional or special terms and conditions that Strauss & Co may impose (whether in the form of notices displayed on the Invaluable Platform or the Website or announced by the auctioneer prior to or during any Online Auction and whether in respect of any specific Lot or in general), and (iii) such other terms and conditions as may be set out in the Online Catalogue (collectively the 'general conditions of business'). Strauss & Co confirms that these general conditions comply with section 45 of the Consumer Protection Act 2008, and with the Regulations promulgated thereunder pertaining to auctions.
(b) These Terms govern the conduct of the Online Auctions made available on the Invaluable Platform. The Invaluable Platform can be accessed at https://www.invaluable.com/auction-house/strauss-co-20dtayqxc7
or through the Invaluable hyperlink on the Website. The terms and conditions applicable to the use of the Invaluable Platform can be accessed by clicking the following link: https://www.invaluableauctions.com/AFATerms.cfm These Terms are binding on all persons who access the Invaluable Platform to participate in the Online Auctions or who access the Invaluable Platform through the Website without qualification or exception. By accessing and using the Invaluable Platform to participate in the Online Auctions or by using the Website to gain access to the Invaluable Platform, the User agrees to be bound by and shall be deemed to have accepted these Terms, which the User acknowledges to have read and understood. If the User does not agree to any of the Terms, the User should not enter, view or make use of the Invaluable Platform or the Website to access the Invaluable Platform in order to participate in the Online Auctions. Nor should the User participate in the Online Auctions.
(a) The headings to the clauses of these Terms are for reference purposes only and shall in no way govern or affect the interpretation of nor modify nor amplify these Terms nor any clause hereof.
(b) Unless the context dictates otherwise, the words and expressions set forth below shall bear the following meanings and cognate expressions shall bear corresponding meanings:
Bidder shall mean any User placing a bid on the Website to buy any Lot in terms of an Online Auction;
Business Day shall mean any day other than a Saturday, Sunday or official public holiday in the Republic of South Africa;
Buyer shall mean the Bidder who has placed the highest bid at the Fall of the Hammer in respect of a Lot and whose bid is higher than the Reserve in respect of that Lot and whose bid is finally accepted by Strauss & Co (after determination of any dispute that may exist in respect thereof) and where that Bidder is an agent acting for a principal, that Bidder and his principal jointly and severally;
Buyer's Premium shall mean the premium payable by the Buyer on any Lot to Strauss & Co on the Sale of that Lot, calculated on the Hammer Price of that Lot in accordance with the relevant Current Rates;
Condition Report shall mean a report compiled by Strauss & Co pertaining to the condition of a specific Lot;
COVID-19 Lockdown Regulations means any regulations or directives issued in terms of section 27(2) of the Disaster Management Act, 2002 relating to COVID-19;
Country Without Equivalent Data Protection means country(ies) to which data is being exported and which have lower levels of data protection than the exporting country;
Current Rates shall mean Strauss & Co's Current Rates of commission, premiums and other amounts payable to Strauss & Co for the time being, together with VAT thereon (if any), all as published by Strauss & Co (whether in an Online Catalogue or otherwise);
Fall of the Hammer shall, subject to the provisions of clause 9(f), mean the time at which an offer for the Sale of a Lot:
(a) terminates in the case of a Lot remaining unsold, which shall be a time pre-determined by Strauss & Co and published on the Website (Cut-Off Time); or
(b) has been accepted, which time shall be at the Cut-Off Time; or
(c) has been accepted, where, within a period of 120 seconds before the Cut-Off Time, more than one bid for a Lot has been submitted, and, as a result, the Cut-Off Time has been extended for a further period of 120 seconds (Extended Cut-Off Time), which time shall be the time at which no more than one further bid for the Lot is made within the Extended Cut-Off Time; provided that the Extended Cut-Off time shall be extended indefinitely in the same manner, every time more than one bid for a Lot has been submitted within 120 seconds before the expiry of the Extended Cut-Off Time;
Forgery shall mean an imitation made with the intention of deceiving to authorship, origin, date, age, period, culture or source, which is not shown to be such in the description in the Online Catalogue and which at the date of the Sale had a value materially less than it would have had if it had been in accordance with that description and includes any misrepresentation made with the intention of deceiving as to authorship, origin, date, age period culture, source;
Hammer Price shall mean the bid or offer made by a Bidder in respect of any Lot that is finally accepted by Strauss & Co (after determination of any dispute that may exist in respect thereof);
Intellectual Property shall mean all intellectual property subsisting in, pertaining to or used on the Website including, without limitation, patents, inventions, copyright, Trade Marks, goodwill and/or trade secrets;
Invaluable means Invaluable, LLC;
Invaluable Platform means the platform operated by Invaluable, and used by Strauss & Co to conduct the Online Auctions. The Invaluable Platform can be accessed by clicking on this link: https://www.invaluable.com/auction-house/strauss-co-20dtayqxc7 ;
Lot shall mean any item or collection of items forming part of a lot contained in an Online Catalogue which are offered for Sale by Strauss & Co in terms of an Online Auction;
Online Auction shall mean any online auction Sale in terms of which Lots are offered for Sale by Strauss & Co on the Invaluable Platform, which auction shall commence upon publication of the relevant Online Catalogue or any other time as published by Strauss & Co on the Invaluable Platform or on its Website, whichever is the later, and conclude at the Fall of the Hammer of the last Lot on the relevant Online Catalogue;
Online Catalogue shall mean any advertisement, brochure, estimate, price-list or other publication, published by Strauss & Co on the Invaluable Platform and on the Website, advertising for Sale the Lots by way of Online Auction;
Parties shall mean the User and Strauss & Co and Party shall, as the context requires, be a reference to any one of them;
Personal Information means any information relating to a User that identifies the User or could reasonably be used to identify the User regardless of the medium involved, including sensitive data
Prime Rate shall mean the publicly quoted base rate of interest (percent, per annum compounded monthly in arrear and calculated on a 365 day year, irrespective of whether or not the year is a leap year) from time to time published by The Standard Bank of South Africa Limited, or its successor-in-title, as being its prime overdraft rate, as certified by any manager of such bank, whose appointment, authority and designation need not be proved;
Purchase Price shall mean the Hammer Price of any Lot, plus the applicable Buyer's Premium (plus VAT) for that Lot, plus all Recoverable Expenses for which the Buyer is liable in respect of that Lot;
Recoverable Expenses shall mean all fees, taxes (including VAT), charges and expenses incurred by Strauss & Co in relation to any Lot that Strauss & Co is entitled to recover from a Buyer in terms of the provisions of this Agreement;
Reserve shall mean the confidential minimum Hammer Price (if any) at which a Lot may be Sold in terms of an Online Auction as agreed in writing between the Seller of that Lot and Strauss & Co;
Sale shall mean the sale of any Lot in terms of an Online Auction and Sell and Sold shall have corresponding meanings;
Sale Proceeds shall mean the amount due by Strauss & Co to the Seller of a Lot in respect of the Sale of that Lot, made up of the Hammer Price of the Lot, less the applicable Seller's Commission (plus VAT) for that Lot, less all Recoverable Expenses for which the Seller is liable in respect of that Lot and any other amounts due to Strauss & Co by the Seller in whatever capacity and howsoever arising;
Seller shall mean the person named as the Seller of any Lot, being the person that offers the Lot for Sale;
Seller's Commission shall mean the commission payable by the Seller to Strauss & Co on the Sale of a Lot that is calculated on the Hammer Price of that Lot at the relevant Current Rate;
Specialised Packaging shall mean provided by specialist fine and decorative art packers which, for the sake of clarity, shall not be provided by Strauss & Co;
Strauss & Co shall mean Strauss and Company Proprietary Limited (Registration No. 1972/000019/07), a private company with limited liability incorporated in accordance with the laws of the Republic of South Africa;
User shall mean the any person who accesses and uses the Invaluable Platform in order to participate in the Online Auctions and shall include, without limitation, a Bidder and/or a Buyer;
VAT shall mean value added tax imposed in terms of the Value Added Tax Act, 1991, including any similar tax which may be imposed in place thereof from time to time;
Website shall mean the Strauss & Co website located at www.straussartonline.co.za and includes any part or element thereof; and
Wine Lot means bottles of wine offered for sale as a Lot.
(c) Unless inconsistent with the context or save where the contrary is expressly indicated an expression which denotes:
(i) any one gender includes the other genders;
(ii) a natural person includes an artificial person and vice versa; and
(iii) the singular includes the plural and vice versa.
(d) Where any term is defined within the context of any particular clause in these Terms, the term so defined, unless it is clear from the clause in question that the term so defined has limited application to the relevant clause, shall bear the same meaning as ascribed to it for all purposes in terms of these Terms, notwithstanding that that term has not been defined in this clause 2.
(e) The use of the word inter alia followed by a specific example or examples shall not be construed as limiting the meaning of the general wording preceding it and the eiusdem generis rule shall not be applied in the interpretation of such general wording or such specific example or examples.
(f) The expiration or termination of these Terms shall not affect such of the provisions of these Terms as expressly provide that they will operate after any such expiration or termination or which of necessity must continue to have effect after such expiration or termination, notwithstanding that the clauses themselves do not expressly provide for this.
(g) Where figures are referred to in numerals and in words, if there is any conflict between the two, the words shall prevail.
3. DISCLOSURE OF INFORMATION
(a) Strauss & Co discloses the following information to the User:
(i) Full name and legal status: Strauss and Company (Pty) Ltd is a private company with limited liability incorporated in accordance with the laws of the Republic of South Africa;
Physical address: 89 Central Street, Houghton, Gauteng, 2198, South Africa;
Postal address: P O Box 851, Houghton, Gauteng, 2041, South Africa;
Telephone number: 27 11 728 8246;
Website address: www.straussartonline.co.za;
Invaluable Platform address: Invaluable LLc, 38 Everett Street, Boston, MA 02134 USA
E-mail address: [email protected];
(ii) Physical address where Strauss & Co will receive legal service of documents:
Physical address as per clause 3(i) above;
Registration number: 1972/000019/07;
Place of registration: Republic of South Africa;
Registration date: 1972;
(iii) Names of office bearers: Mrs Elisabeth Le Roux Bradley (Identity number: 3812280010088); Dr Conrad Barend Strauss (Identity number: 3601175003088); Ms Poala Genovese (Identity number: 6302210751081); Mrs Vanessa Phillips (Identity number: 5607170769183); Mrs Carmen Welz (Identity number: 4403300033083); Mrs Caro Wiese (Identity number: 5003280147082); Mr Frank Kilbourn (Identity number: 6109075150089)
(iv) Main description of products Sold in terms of Online Auctions: Fine and Decorative Arts, Collector's Items and Antiques.
4. THE BUYER
(a) Any dispute of whatsoever nature about any bid or about the identity of the Buyer (including without limitation any dispute about the validity of any bid, or whether a bid has been made, or any dispute between two or more Bidders or between Strauss & Co and one or more Bidders) shall be determined by Strauss & Co in its sole and absolute discretion.
(b) Every Bidder shall be deemed to act as principal.
(c) All Bidders wishing to make bids or offers in respect of any Lot must complete the bidder registration form available on the Invaluable Platform prior to that Lot being offered for sale, which registration form will include an acknowledgement by the bidder that he is acquainted with and bound by these Terms. Bidders shall be personally liable for their bids and offers made in terms of any Online Auction and shall be jointly and severally liable with their principals if acting as agent.
(d) In addition to the Online Auction, Strauss & Co will endeavour to execute absentee written bids and/or telephone bids during the live broadcast of the Online Auctions, provided they are, in Strauss & Co's absolute discretion, received in sufficient time and in legible form. When bids are placed by telephone before an Online Auction they are accepted at the sender's risk and must, if so requested by Strauss & Co, be confirmed in writing to Strauss & Co before commencement of the Online Auction. Persons wishing to bid by telephone during the live broadcast of an Online Auction must make proper arrangements with Strauss & Co in connection with such telephonic bids at least twenty-four hours before the commencement of the Online Auction. As telephone bids cannot be entirely free from risk of communication breakdown, Strauss & Co will not be responsible for losses arising from missed bids. Telephone bidding may be recorded and all bidders consent to such recording.
(e) If Strauss & Co agrees, as a convenience to a User, to execute a bid as a buyer, Strauss & Co will not be responsible for failing to execute the bid, or executing such bid strictly in accordance with the client's instructions (including but not limited to computer-related errors). In doing so, Strauss & Co will endeavour to purchase the relevant Lot for the lowest possible price, taking into account the Reserve and other bids. If identical bids are left, Strauss & Co will give precedence to the first bid received.
5. ONLINE CATALOGUES
(a) All illustrations of a Lot in any Online Catalogue are intended merely as guidance for Bidders and do not provide definitive information as to colours, patterns or damage to any Lot. Strauss & Co only warrants that the descriptions of the products themselves may be construed as a fair representation of the nature of such product.
(b) Strauss & Co shall not be liable for any error, misstatement or omission in the description of a Lot (whether in any Online Catalogue or otherwise) in respect of, inter alia, the authorship, attribution, genuineness, origin, date, age, condition or estimated selling price, unless Strauss & Co engaged in intentional misleading or deceptive conduct or the information provided is clearly inaccurate. In bidding for any Lot, all Bidders confirm that they have not been induced to place any bid or offer by any representation of the Seller or Strauss & Co.
(c) Strauss & Co reserves the right to make any changes to the Terms at any time and without prior notice.
6. CONDITION REPORTS
(a) Upon request, a User may be furnished with a Condition Report.
(b) Strauss & Co shall not be liable for any error, misstatement or omission made in respect of, inter alia, the authorship, attribution, genuineness, origin, date, age, condition or estimated selling price of a Lot contained in such a Condition Report, unless Strauss & Co engaged in intentional misleading or deceptive conduct or the information provided is clearly inaccurate.
7. EXCLUSIONS AND LIMITATIONS OF LIABILITY OF BUYERS
(a) If a Lot Sold to a Buyer proves to be a Forgery (which will only be the case if an expert appointed by Strauss & Co for such purpose confirms same in writing), the Buyer may (as his sole remedy hereunder or at law) return the Lot to Strauss & Co within 365 (three hundred and sixty five) days of the date of the Sale of that Lot in the same condition in which it was as at the date of Sale, together with a written statement by the Buyer detailing the defects to the Lot, the date of the Sale and the number of the Lot. Should Strauss & Co be satisfied in its absolute discretion that the Lot is a Forgery and that the Buyer is incapable of transferring good and marketable title to the Lot to a third party purchaser thereof, free from any encumbrances and other third party claims, the Sale of that Lot shall be set aside and the Purchase Price of that Lot shall be refunded to the Buyer, provided that the Buyer shall have no rights against Strauss & Co (whether under these Terms, at law or otherwise) if:
(i) the only method of establishing that the Lot was a Forgery was by means of a scientific process not generally accepted for use until after publication of the Online Catalogue in which that Lot was identified for purposes of the Online Auction at which it was Sold, or by means of a process which was impracticable and/or unreasonably expensive and/or could have caused damage to the Lot;
(ii) the description of the Lot in the Online Catalogue in which that Lot was identified for purposes of the Online Auction at which it was Sold was in accordance with the then generally accepted opinion of scholars and experts or fairly indicated that there was conflict of such opinion;
(iii) a Buyer's claim (whether in contract, delict or otherwise) shall always be limited to an amount equal to the Purchase Price of the Lot;
(iv) the benefits of this condition shall not be transferable by the Buyer of any Lot to a third party and shall always rest exclusively with the Buyer.
(b) Neither Strauss & Co nor the Seller:
(i) shall be liable for any omissions, errors or misrepresentations in any information (whether written or otherwise and whether provided in an Online Catalogue or otherwise) provided to Bidders, or for any acts or omissions in connection with the conduct of any Online Auction or for any matter relating to the Sale of any Lot, including when caused by the negligence of the Seller or Strauss & Co;
(ii) gives any guarantee or warranty to Bidders other than those expressly set out in these Terms (if any) and any implied conditions, guarantees and warranties are excluded;
(iii) without prejudice to any other provision of these Terms, any claim against Strauss & Co and/or the Seller of a Lot by a Bidder shall be limited to the Purchase Price of the relevant Lot. Neither Strauss & Co nor the Seller shall be liable for any indirect or consequential losses.
(c) A purchased Lot shall be at the Buyer's risk of loss and damage in all respects from the Fall of the Hammer in respect of that Lot, whether or not payment has been made, and neither Strauss & Co nor the Seller shall thereafter be liable for, and the Buyer indemnifies Strauss & Co against, any loss or damage of any kind, unless caused by the gross negligence or wilful default of Strauss & Co and/or its employees or agents prior to the collection of the Lot by the Buyer.
(d) All Buyers are advised to arrange for their own insurance cover for purchased Lots effective from the day after the date of Sale for purposes of protecting their interests as Strauss & Co cannot warrant that the Seller has insured its interests in the Lot or that Strauss & Co's insurance cover will extend to all risks.
(e) Strauss & Co does not accept any responsibility for Lots damaged by insect infestation, changes in atmospheric conditions or other conditions outside its control, and shall not be liable for damage to glass or picture frames.
8. IMPORT, EXPORT AND COPYRIGHT RESTRICTIONS
Save as expressly set out in any other provision of these Terms, Strauss & Co and the Seller make no representation or warranties as to whether any Lot is subject to export, import or copyright restrictions. It is the Buyer's sole responsibility to obtain all approvals, licences, consents, permits and clearances that may be or become required by law for the Sale and delivery of any Lot to the Buyer.
9. CONDUCT OF ONLINE AUCTIONS
(a) A Bidder may not engage in bid manipulation or unfairly induce any other person to place bids and/or manipulate the bid price.
(b) Due to the nature of an Online Auction and the fact that an offer for the Sale of a Lot is open for a long period of time, which provides a User with ample time to consider whether to place a bid, the provisions of the Act regarding the retraction of a bid prior to the Fall of the Hammer, shall not be applicable to any Online Auction. Therefore, once a bid in respect of the Sale of a Lot has been placed by a Bidder, such a bid shall be regarded as final and the Bidder shall not be able to retract his bid.
(c) Strauss & Co has the absolute discretion to withdraw or re-offer Lots for Sale, to accept and refuse bids and/ or to re-open the bidding on any Lots should they believe there may be a dispute of whatever nature or error of whatever nature, and may further take such other action as they in their absolute discretion deem necessary or appropriate.
(d) Strauss & Co and the Seller of a Lot, or someone on their behalf respectively, shall be entitled to place bids on that Lot up to the Reserve, where applicable, subject to notice being given prior to the Online Auction in respect of that Lot that the Online Auction will be subject to such rights.
(e) The contract between the Buyer and the Seller of any Lot shall be deemed to be concluded upon acceptance by Strauss & Co of the bid or offer at the Hammer Price (after determination of any dispute that may exist). Strauss & Co is not a party to the contract of Sale and shall not be liable for any breach of that contract by either the Seller or the Buyer. Where a Lot remains unsold there is no such contract that is concluded.
(f) Whilst payment for a Wine Lot shall become due and payable from the Fall of the Hammer, the Sale between the Buyer and the Seller of any Wine Lot will be deferred until the sale, and distribution of alcohol is permitted in terms of the COVID-19 Lockdown Regulations. The perfection of the Sale in respect of a Wine Lot shall take place as soon as the COVID-19 Lockdown Regulations allow for the sale of the Wine Lot and the collection of the Wine Lot from Strauss & Co's premises.
(g) Only persons who are legally entitled to do so are permitted to place a bid on the Invaluable Platform.
(h) By placing a bid, the Bidder represents and warrants that:
(i) he is legally capable of entering into binding contracts or is duly assisted by his parent or guardian; and
(ii) he agrees to be bound by these Terms; and
(i) By doing so, the Bidder accepts that Strauss & Co will rely on the User's representation that the User has unfettered legal capacity to contract.
(j) The Sale of a Lot other than a Wine Lot shall be confirmed by a confirmatory e-mail sent to the Buyer in which the details of the transaction, including the Purchase Price, are stipulated.
(k) The deferred Sale of a Wine Lot shall be confirmed by a confirmatory email sent to the Buyer in which the details of the deferred sale, including the Purchase Price, are stipulated.
(l) When logging on to the Invaluable Platform using their Personal Information, a User will be able to easily access a full record of all transactions conducted on the Invaluable Platform. The record of each transaction shall be available for such period as may be prescribed under applicable law.
10. PAYMENT, COLLECTION AND DELIVERY
(a) Payments shall be made by:
(i) credit card or EFT at the relevant premises of Strauss & Co premises; or
(ii) by direct deposit into the bank account of Strauss & Co.
(b) Strauss & Co does not accept any credit cards other than MasterCard and Visa.
(c) Notwithstanding any other clause contained in these Terms, payment in terms of clause 10(a) shall be regarded as received by Strauss & Co, in the event that:
(i) where payment is being made by credit card transaction, such payment has been cleared by the relevant bank and credited to Strauss & Co's bank account; and
(ii) where payment is being made by EFT, such payment has been credited to Strauss & Co's bank account.
(d) Partial payment of a Lot, or payment across multiple debit or credit cards for a single Lot, is not allowed. If a User purchases multiple Lots, the User may purchase one Lot with one credit card and another Lot with a different credit card but the User will need to go through two separate check-outs.
(e) Payment information is collected and processed directly by a third party service provider.
(f) By making a payment online via credit or debit card, the User:
(i) warrants that he is the cardholder; and
(ii) acknowledges that Strauss & Co has no liability for the User's payment not reaching Strauss &Co where, for example payment is refused or declined by User's card supplier. It is the User's responsibility to check with Strauss and Co's and/or the User's card supplier that the payment has been accepted.
(g) At the Fall of the Hammer in respect of any Lot Strauss & Co (or relevant third party that is in legal possession of the Lot) shall cease to hold such Lot on behalf of the Seller and shall commence to hold it on behalf of the Buyer, who shall from that point be the possessor of that Lot.
(h) Subject to clause 22.5 which shall be of application to Wine Lots, it shall be the sole responsibility of the Buyer to collect any Lots (other than Wine Lots) purchased by him from the relevant premises of Strauss & Co situated in Johannesburg and Cape Town, which Lots shall, subject to the COVID-19 Lockdown Regulations, only be made available to the Buyer or his nominated courier after payment of the Purchase Price by the Buyer in terms of clause 10(a).
(i) Strauss & Co may from time to time in its sole and absolute discretion recommend, without incurring any obligations, one or more courier companies to the Buyer, which can assist him with the collection of any Lots purchased by him. The Buyer shall be liable for the costs associated with collecting any Lots purchased by him from the relevant premises of Strauss & Co. Collection by a Buyer or his nominated courier of a Lot from the premises of Strauss & Co situated in Johannesburg and Cape Town, respectively, shall take place by appointment only and shall be subject to any restrictions imposed on such collections by the COVID-19 Lockdown Regulations.
(j) The Buyer shall be liable for the costs associated with the packaging and preparation of each Lot purchased by the Buyer, which costs shall be included in the Purchase Price of that Lot as a Recoverable Expense, in the case of the Buyer requesting Specialised Packaging.
(k) Strauss & Co shall not be liable for any acts or omissions of any packers or shippers.
(l) A Buyer's Premium, calculated at the applicable current rate of the Hammer Price (plus VAT), shall be payable by the Buyer to Strauss & Co in respect of the Sale of each Lot. The Buyer acknowledges that Strauss & Co, when acting as agent for the Seller of any Lot, may also receive a Seller's Commission and/or other fees for or in respect of that Lot.
(m) Ownership in Lots other than Wine Lots, shall not pass to the Buyer until Strauss & Co has received settlement of the full Purchase Price of that Lot in cleared funds. Ownership of any Wine Lot shall only pass to the Buyer after Strauss & Co has received settlement of the full Purchase Price for the Wine Lot in cleared funds and the sale of the Wine Lot is permitted due to either a relaxation or termination of the COVID-19 Lockdown Regulations. Strauss & Co shall not release a Lot to the Buyer for collection prior to full payment thereof and until such time as it is permissible for Strauss & Co to release the Lot to the Buyer in terms of the COVID-19 Lockdown Regulations.
(n) The refusal of any approval, licence, consent, permit or clearance as required by law shall not affect the Buyer's obligation to pay for the Lot.
(o) Any payments made by a Buyer to Strauss & Co may be applied by Strauss & Co towards any sums owing by the Buyer to Strauss & Co on any account whatsoever and without regard to any directions of the Buyer or his agent.
11. CANCELLATION AND RETURNS
As Strauss & Co will not implement direct marketing in any manner or form in order to solicit transactions and as all transactions conducted on the Invaluable Platform will be restricted to auctions, no statutory "cooling off" period shall apply to any transactions conducted on the Invaluable Platform. A Buyer will not be entitled to rescind any transaction and request a refund of any payment in terms thereof after his bid has been finally accepted by Strauss & Co, save in circumstances contemplated elsewhere in these Terms.
12. REMEDIES FOR NON PAYMENT AND BREACH
Without prejudice to any rights that the Seller may have, if, for whatsoever reason, any Lot is not paid for in full or payment of any amount is not cleared or if there is any other breach of these Terms by the Buyer, Strauss & Co as agent of the Seller shall, at its absolute discretion and without limiting any other rights or remedies that may be available to it or the Seller hereunder or at law, be entitled to exercise one or more of the following remedies:
(a) to store and insure the Lot at its premises or elsewhere should the Lot not be collected within 28 days after it is permitted for the Buyer to collect the Lot in terms of either a relaxation or termination of the COVID-19 Lockdown Regulations and at the Buyer's sole risk and expense;
(b) to rescind the Sale of that Lot or any other Lots Sold to the Buyer in terms of the same or any other Online Auction;
(c) to set off any amounts owed to the Buyer by Strauss & Co against any amounts owed to Strauss & Co by the Buyer for the Lot;
(d) to reject future bids and offers on any Lot from the Buyer;
(e) to proceed against the Buyer for damages;
(f) to resell the Lot or cause it to be resold by normal public auction, private treaty, Online Auction or otherwise, with estimates and Reserves at Strauss & Co's sole discretion, in which event the Buyer shall be liable for any shortfall between the original Purchase Price and the amount received on the resale of the Lot, including all expenses incurred by Strauss & Co and the Seller in such resale;
(g) to exercise a lien over and Sell any of the Buyer's property in Strauss & Co's possession and applying the Sale Proceeds of such property to any amounts owed by the Buyer to Strauss & Co;
(h) to retain that or any other Lots Sold to the Buyer at the same time or at any other auction, whether online or elsewhere, and to release such Lots only after payment of the total amount due;
(i) to disclose the Buyer's details to the Seller to enable the Seller to commence legal proceedings;
(j) to commence legal proceedings;
(k) to charge interest on a monthly basis at a rate not exceeding the Prime Rate on the total amount due to the extent that it remains unpaid after seven days from the Fall of the Hammer;
(l) if the Lot is paid for in full but remains uncollected for a period three months after it is permitted for the Buyer to collect the Lot in terms of either a relaxation or termination of the COVID-19 Lockdown Regulations, following 14 days written notice to the Buyer, to resell the Lot by auction or private treaty, with estimates and Reserves at Strauss & Co's sole discretion or, within the sole discretion of Strauss & Co, to place the purchased Lot in storage at a storage facility of their choice, at and subject to the terms and conditions of storage of such a storage facility, whereafter such a Lot may be collected by the Buyer from the storage facility, upon payment of the storage facility's account for storage of the Lot. Should Strauss & Co elect to sell the Lot, the Sale proceeds of such Lot, less all Recoverable Expenses, will be forfeited unless collected by the Buyer within six months of the original auction.
13. PHOTOGRAPHY AND ILLUSTRATION
Strauss & Co shall have the full and absolute right to illustrate, photograph or otherwise reproduce images of any Lot submitted by the Seller for Sale, whether or not in conjunction with the Sale, and to use such photographs and illustrations at any time and in their sole and absolute discretion. The copyright of all photographs taken and illustrations made of any Lot by Strauss & Co shall be the sole and absolute property of Strauss & Co and Strauss & Co undertakes to abide by all copyright applicable to any and all Lots submitted for Sale.
(a) The User makes use of the Invaluable Platform and the Website at his own risk.
(b) The Invaluable Platform, the Website and all information, content, materials and services included or otherwise made available to the User on the Invaluable Platform and the Website are provided on an "as is" and an "as available" basis. Strauss & Co makes no warranties or representations of any kind, express or implied, as to the operation of the Invaluable Platform and the Website or the available information, content, materials or services included on or otherwise made available to the User.
(c) The liability of Strauss & Co for losses suffered as a result of any breach of these Terms shall be strictly limited to the Purchase Price of the Lot or Lots purchased by any Buyer.
(d) Notwithstanding anything to the contrary contained in these Terms, Strauss & Co shall have no liability for any loss, damage, cost, claim or penalty of whatsoever nature including, but not limited to, indirect and consequential loss or damage and loss of profits, however arising out of or in connection with these Terms, the Invaluable Platform or the Website, whether caused by latent or patent defects in the Invaluable Platform or the Website, the use of the Invaluable Platform or the Website and/or information contained on the Invaluable Platform, the Website or otherwise.
(e) The User hereby indemnifies Strauss & Co and holds it harmless against any and all liability, loss, damage, penalty, cost or claim of any nature whatsoever suffered by him or any third party in relation to any act or omission by the User or, where applicable, the User's shareholders, members, directors, officers, employees, representatives, agents or assigns or any third party in relation to the Invaluable Platform and the Website and the use thereof by the User, and/or arising from the provisions of these Terms.
(f) The User assumes all responsibility and risk for the use of the Invaluable Platform and the Website and Strauss & Co disclaims all liability for any loss, injury, damage, cost, penalty or claim resulting from the use of the Invaluable Platform and the Website, whether direct or indirect, and whether or not Strauss & Co has been advised of or has knowledge of the possibility of such loss, injury, damage, cost, penalty or claim.
(g) Strauss & Co will not be held liable for any delay, failure, breach or non- compliance with its obligations under these Terms if such delay, failure, breach or non-compliance is beyond the reasonable control of Strauss & Co.
(h) These Terms do not intend to, nor shall they be interpreted to, limit the liability of Strauss & Co in any way which would be illegal for Strauss & Co to exclude or attempt to exclude or where such exclusion is prohibited by the Act or the Electronic Communications and Transactions Act No. 25 of 2002, or any other law in force from time to time in the Republic of South Africa.
15. INVALUABLE PLATFORM AND WEBSITE USE
(a) The content of the Invaluable Platform and the Website is not intended for minors. Such content extends to a wide range of art and antiquities, is generally uncensored, and may include nudity or graphic or literary content that some people may consider offensive. If you allow your minor child to use your computer, it is your responsibility to determine whether any of the services, content and subject matter displayed on the Invaluable Platform and the Website is inappropriate for your child, and to control the child's use of the computer accordingly. If you yourself find offensive content of the type referred to above, you should not use the Invaluable Platform and the Website.
(b) The User may not use, reproduce, adapt, distribute, publish or in any other way deal or interfere with the Invaluable Platform's and the Website's contents without the prior written consent of Strauss & Co. The User may download and print one copy of the Website's contents for personal, non-commercial and information purposes only.
(c) Strauss & Co reserves the right to make any changes to the Website, its content and/or services offered through the Website at any time and without prior notice.
(d) Content published on the Invaluable Platform and the Website reflects the views of the author and does not necessarily constitute the official opinion of Strauss & Co unless otherwise stated.
(e) A User is responsible for his own communications on the Invaluable Platform and the Website and is responsible for the consequences of its posting. A User may not do any of the following things while using the Invaluable Platform and the Website:
(i) post any material on Invaluable Platform and the Website in terms of which he is not the owner of the Intellectual Property or other proprietary rights therein or does not have the permission of the owner of such Intellectual Property or rights to post or transmit such material to the Invaluable Platform and the Website;
(ii) post material on the Invaluable Platform and the Website that otherwise violates any rights of any third party or violates or infringes on the privacy or publicity rights of third parties;
(iii) post material on the Invaluable Platform and the Website that is illegal, unlawful, obscene, defamatory, discriminatory, disparaging of others, derogatory, inflammatory, harassing, insulting, offensive or likely to promote violence or hatred against others or that contains abusive, offensive or profane language nor may such content be associated in linking to the Invaluable Platform and the Website.
(iv) post advertisements or solicitations of business;
(v) post or transmit any chain letters or pyramid schemes;
(vi) impersonate another person or entity; and
(vii) intentionally or unintentionally violate any applicable South African or international law while using the Invaluable Platform and the Website.
(f) If notified by a User of any communication that allegedly does not conform to any provision of these Terms, Strauss & Co may investigate the allegation and determine in its sole and absolute discretion whether to remove or request the removal of the communication.
(g) Strauss & Co reserves the right at all times to disclose any information as necessary or deemed desirable by Strauss & Co to satisfy any applicable South African or international law, regulation, legal process, or governmental request or to edit, refuse to post or to remove any information or materials, in whole or part, in Strauss & Co's sole and absolute discretion.
(h) Any material uploaded by the User to the Invaluable Platform and the Website will be deemed to be non-confidential and non-propriety and in doing so the User grants Strauss & Co a non-exclusive, royalty free, sub-licensable licence to use, copy, adapt, distribute and disclose to third parties any such material for any purpose in any form throughout the world in perpetuity.
(i) The Invaluable Platform and the Website may contain links to other websites. Strauss & Co has no control over such websites, does not review their content and will not be liable for their content or accuracy. The User accesses such websites at the User's own risk and discretion.
(j) The User may link to the Invaluable Platform and the Website, provided that the User will only provide a link to the Invaluable Platform and the Website's homepage and will not replicate any particular page, including the homepage. When linking to the Invaluable Platform and the Website, the User confirms and agrees that it will comply and ensure compliance with the requirements of this clause 15.
(k) Although every effort will be made to have the Invaluable Platform and the Website available at all times, the Invaluable Platform and the Website may become unavailable due to maintenance or repairs, loss of connectivity or some other form of interruption. Strauss & Co does not warrant against nor will it be held liable for such downtime and is hereby indemnified from any loss, damage, claims, costs or penalties incurred as a result of such unavailability.
(l) If the User chooses or is provided with identification codes, usernames, passwords or any similar form of identification information as part of the Invaluable Platform or the Website's security systems, such User must keep this information secret and confidential and must not permit anyone else to use it. The User shall be responsible for all access to the Invaluable Platform and the Website with the User's username and password. When the User's username and password have been used in order to gain access to the Invaluable Platform and the Website, Strauss & Co shall be entitled to assume that such use and all related communications emanate from the User. Strauss & Co shall not be liable for any loss or damage arising from unauthorised use of the User's identification information.
(m) In the event that the User becomes aware of a breach of the confidentiality of the User's username and password, the User must immediately communicate this to Strauss & Co with subsequent confirmation in writing. The compromised username and password will be deactivated as soon as reasonably possible and a new username and password will be issued to the User. Strauss & Co may, in its sole and absolute discretion and for any reason whatsoever, require the User to change his username and password at any time.
(n) If the User commits any breach of these Terms or in any other way interacts with or uses the Invaluable Platform and the Website in an unlawful or unauthorised manner, Strauss & Co shall be entitled, in its sole and absolute discretion, to terminate or procure the termination of the User's access to the Invaluable Platform and the Website immediately, without prior notice, without any liability on Strauss & Co's part and without prejudice to Strauss & Co's rights in terms of these Terms or at law. Following such termination, the User will forfeit the right to link to the Invaluable Platform and the Website as described in clause 15(j).
(o) By accessing the Invaluable Platform and the Website the User represents and warrants that he owns and/or otherwise controls all of the rights to the content that he posts and/or uploads. Furthermore, the User represents and warrants that the content submitted to the Invaluable Platform and the Website is:
(ii) usable; and
will not cause injury, defame any person or breach any clause of these Terms or any law.
(p) Strauss & Co is hereby indemnified from and against any and all loss by any person which results from a breach of these representations or warranties.
16. PRIVATE INFORMATION
(a) consents to any processing or storage of such Personal Information and warrants that any and all data provided is up-to-date, complete and accurate;
(b) undertakes to maintain and promptly update the aforementioned Personal Information to keep it up-to-date, complete and accurate; and
(a) Any commentary, advice, information, suggestions, opinions, answers or any other information posted on the Invaluable Platform and the Website is not intended to nor shall it be interpreted to amount to advice on which reliance should be placed and are posted merely for guidance purposes only. The User makes use of any such information at his own risk and in his own discretion and disclaims and indemnifies Strauss & Co from and against any and all liability and responsibility arising from any reliance placed on such information whether posted on the Website or by any other person visiting the Invaluable Platform or the Website.
(b) Neither Straus & Co nor any of our agents or representatives make or give any representations, guarantees or warranties of any kind (whether express or implied) as to the suitability, usability, accuracy or functionality or the Online Auction on the Invaluable Platform.
(c) Notwithstanding anything to the contrary contained in these Terms Strauss & Co shall have no liability for any compensation, loss, damage, cost, claim or penalty of whatsoever nature, including direct, indirect, special, and consequential damages; loss of profits, commercial or economic loss; whether caused by latent or patent defects in the Invaluable Platform, the access or use of the Invaluable Platform and content contained on the Invaluable Platform, the Website or otherwise, including in respect of any damage to any computer system or loss of data that results from such activities; and any other loss of whatsoever nature, however arising out of or in connection with these Terms or the Invaluable Platform
(d) Although all efforts will be made by Strauss & Co into procuring that no malicious content can be received by the User through the Invaluable Platform and although all efforts will be made by Strauss & Co to procure the availability of the Invaluable Platform, Strauss does not warrant that:
(i) the use of the Invaluable Platform will not be free of any malicious content or viruses, any loss resulting from a distributed denial-of-service attack, or any malicious content that may infect any of the User's devices, equipment, data or any other material caused by the User's use of the Invaluable Platform or as a result of downloads received from the User's use of the Invaluable Platform;
(ii) the Invaluable Platform and Website will be available at all times and the User acknowledges that all or part of the Invaluable Platform and the Website may become unavailable due to technical related reasons, maintenance or repairs, loss of connectivity or some other form of interruption (whether on a scheduled or unscheduled basis);
(iii) the Invaluable Platform and Website shall be error-free or will meet any particular criteria of accuracy, completeness, timeliness, suitability or reliability of information, performance or quality. Strauss and Co expressly disclaims, to the extent permitted by any applicable law, all warranties whether express, statutory or implied, including, without limitation, warranties of merchantability, title, fitness for any or a particular purpose, non-infringement, compatibility, security, accuracy and that the quality of any content consumed, purchased or obtained by the User on or through the Invaluable Platform and the Website shall meet the User's expectations;
(e) Strauss & Co, our associated companies, suppliers, contractors and sponsors assume no liability whatsoever for any direct or indirect loss or damage arising from electronic communications errors or failures, technical hardware and software failures, lost, unavailable or delayed network connections or failed or incomplete electronic transmissions which may limit the User's ability to participate in the Online Auctions.
(f) Strauss & Co shall not be held liable for and are hereby indemnified from any direct or indirect loss or damage incurred as a result of the User's failure to provide Strauss & Co or Invaluable with accurate information or to keep the User account information secure and/or arising from the unauthorised use of the User's log-in credentials;
18. PROPRIETARY RIGHTS
(a) The Website is owned by Strauss & Co and the User acknowledges that Strauss & Co and/or its licensors are the proprietors of any and all Intellectual Property associated with, related to or appearing on the Website.
(b) The content of the Website, including but not limited to any pictures, photos, text, presentations, names, titles, brands, drawings, models and associated software are protected by South African and international law. The owners of such content reserve all such rights therein unless provided otherwise in these Terms.
(c) The User undertakes:
(i) not to use or register any trademarks, trade names or other devices which are or incorporate marks which are the same as or confusingly similar to any of Strauss & Co's trade marks (Trade Marks) or which marks are likely to be associated with the Trade Marks or where such use would take unfair advantage of or be detrimental to the distinctive character or the repute of the Trade Marks;
(ii) not at any time to do or cause to be done any act or thing in any way impairing or tending to impair any part of Strauss & Co's rights, title and interest in and to the Intellectual Property; and
(iii) not in any way to make unauthorised use of the Intellectual Property or to represent that he has any rights of any nature in the Intellectual Property or any registrations thereof.
(d) Without limiting the generality of the provisions of clause 18(c), the User undertakes not to make any unauthorised use, reproductions or copies of any work or material displayed or made available on the Website and agrees to adhere to and comply with all policies, conditions of use and rules that may apply to the use of such work or material.
(e) Strauss & Co's graphics, logos, page headers, button icons, scripts and service names are the Trade Marks or trade dress of Strauss & Co. The Trade Marks and trade dress may not be used in connection with any product or service that is not conducted by Strauss & Co or in any manner that is likely to cause confusion among customers, or in any manner that disparages or discredits Strauss & Co. All other Trade Marks not owned by Strauss & Co that appear on the Website are the property of their respective owners who may or may not be affiliated with, connected to, or sponsored by Strauss & Co. The User may not use such Trade Marks without consent from the relevant owners.
19. MALICIOUS SOFTWARE AND OFFENSES
(a) The User warrants that:
(i) he will not use the Invaluable Platform and the Website in any way that causes, or is likely to cause, the Invaluable Platform and the Website and access to the Invaluable Platform and the Website to be interrupted, damaged or impaired in any manner;
(ii) no form of virus, Trojans, worms, logic bombs, or other malicious coding, virus or software will be introduced onto the Invaluable Platform and the Website or into Strauss & Co's system which may cause any form of technological harm or any other form of harm in any manner or respect;
(iii) he will not attempt to gain unauthorised access to the Invaluable Platform and the Website, including through the theft of any third party's username and password;
(iv) he will not attempt to gain unauthorised access to the Invaluable Platform and the Website's server, databases, computers or any other device associated with the Invaluable Platform and the Website and will not attack the Invaluable Platform and the Website through a denial-of- service attack or a distributed denial-of-service attack;
(v) he will not use any robot, spider, or other automatic or manual device or process for the purposes of compiling information regarding the identification, address, or other attributes of any of the Users of the Invaluable Platform and the Website or to recreate in original or modified form any substantial portion of the Invaluable Platform and the Website; and
(vi) he will not take any action that imposes an unreasonable or disproportionately large load on the servers or systems of Invaluable or Strauss & Co.
(b) Any breach of these Terms regarding malicious software and offenses will be reported to the relevant law enforcement agencies and Strauss & Co will co-operate in all respects with those law enforcement agencies, including by way of disclosure of the identity and identification information of the User.
(c) Although Strauss & Co and its representatives will use reasonable efforts to ensure that no malicious content can be received from the Invaluable Platform and the Website, Strauss & Co does not warrant that the Invaluable Platform and the Website is free of malicious content or viruses and Strauss & Co will not be held liable for any loss resulting from a distributed denial-of-service attack, or any malicious content as described in clause 19(a)(ii) which may infect any User's computer or device, computer equipment, data or any other propriety material where such loss is or may be attributed to the User's use of the Invaluable Platform and the Website or downloads received from the Website.
(d) The User warrants that he will not use the Invaluable Platform and the Website in any manner that will break any law enforceable in South Africa or cause any annoyance, unnecessary anxiety or inconvenience to any person.
20. GOVERNING LAW
These Terms shall be governed by South African law and the User agrees to the jurisdiction of the South African courts.
21. GENERAL PROVISIONS
(a) Strauss & Co use information supplied by Bidders or Sellers, or otherwise lawfully obtained, for the provision of Online Auction related services, client's administration, marketing and otherwise as required by law.
(b) The Bidder and Seller agree to the processing of their Personal Information and to the disclosure of such information to third parties worldwide for the purposes outlined in clause 21(a).
(c) Any representation or statement by Strauss & Co in any Online Catalogue as to, inter alia, authorship, genuiness, origin, date, providence, age, condition or estimated selling price is a statement of opinion. Every person interested should rely on his own judgement as to such matters and neither Strauss & Co nor its agents or servants are responsible for the correctness of such opinions, subject to clause 7(a) of these Terms.
(d) If any of these Terms are held to be unenforceable, the remaining parts shall remain in force and effect.
(e) The non-exercise of or delay in exercising any right or power of a Party does not operate as a waiver of that right or power, nor does any single exercise of a right or power preclude any other or further exercise of it or the exercise of any other right or power. A right or power may only be waived in writing, signed by the Party to be bound by the waiver.
(f) If at any time there is a failure by Strauss & Co to insist on strict performance of any of the User's obligations under these Terms and related contracts, this shall not be construed to be a waiver of such rights and shall not relieve the User from compliance with such obligations. A waiver of any one default is not to be interpreted as a condonation of any other or further defaults.
(h) These Terms constitute the entire agreement of the Parties on the subject matter.
(i) Neither Party shall be liable for any loss or damage, or be deemed to be in breach of these Terms, if its failure to perform or failure to cure any of its respective obligations hereunder results from any event or circumstance beyond its reasonable control. The Party interfered with shall, give the other Party prompt written notice of any force majeure event. If notice is provided, the time for performance or cure shall be extended for a period equivalent to the duration of the force majeure event or circumstance described in such notice, except that any cause shall not excuse payment of any sums owed to Strauss & Co prior to, during or after such force majeure event.
(j) Any and all communications between the Parties, whether legal or merely for notification purposes, correspondence or for any other reason will only satisfy any legal requirement if it is reduced to writing whether electronic or otherwise.
(k) Any notice by Strauss & Co to a Seller, consigner, respective Bidder or Buyer may be sent by Strauss & Co to the latest address as provided to Strauss & Co by the Seller, consigner, respective Bidder or Buyer.
(l) Any notice to be addressed in terms of clause 21(i) may be given by airmail or hand-mail or sent by prepaid post, and if so given will be deemed to have been received by the addressee seven days after posting, or by facsimile, and if so given will be deemed to have been duly received by the addressee within one working day from transmission or by e-mail, and if so given will be deemed to have been duly received by the addressee within twenty four hours from transmission. Any indemnity under these conditions will extend to all proceedings, actions, costs, expenses, claims and demand whatever incurred or suffered by the person entitled to the benefits of the indemnity. Strauss & Co declares itself to be a trustee for its relevant agents and servants of the benefit of every indemnity under these conditions to the extent that such indemnity is expressed to be for the benefit of its agents and servants.
(m) Strauss & Co makes no claim that the materials contained on the Website are appropriate for any particular purpose or audience or that they may be downloaded outside South Africa. Access to the materials may not be legal by certain persons or in certain countries outside of South Africa. If the Invaluable Platform and the Website is accessed from outside South Africa, the User so accessing the Invaluable Platform and the Website is responsible for complying with the laws of his country.
22. CONDITIONS SPECIFIC TO THE SALE OF WINE
In addition to the above, the following conditions are applicable in instances concerning the sale of a Wine Lot.
22.1 Buyer conditions
Only persons over the age of eighteen years old may enter bids for Wine Lots and no person may enter a bid on behalf of another person who is not over the age of eighteen years old.
(a) The Seller warrants, in addition to all other representation and warranties given, that he is possession of a valid liquor licence to sell all Wine Lots offered for sale. The Seller agrees to indemnify and keep Strauss & Co and the Buyer indemnified against any loss or damage suffered by either as a result of a failure by the Seller to be properly licensed to sell liquor in accordance with the laws of the Republic of South Africa.
(b) Neither the Seller nor Strauss & Co gives any warranty or representation as to the origin, age, genuineness, cork condition, content or labelling of any wine, or how any wine has been cellared, if at all.
22.3 Bottles sizes
All wine bottle sizes as described in a catalogue have the following meanings:
(a) standard - 750 millilitre bottle of wine;
(b) magnum - the equivalent of two standard bottles of wine;
(c) double-magnum - the equivalent to four standard bottles of wine;
(d) jeroboam - the equivalent to six standard bottles of wine; and
(e) imperial - the equivalent to eight standard bottles of wine.
22.4 Ullage of wines
(a) For the purpose of this clause 22.4, 'ullage' means the amount by which the level of a wine bottle falls short of being full.
(b) Ullage levels may vary dependent on the age of the wine and old corks may fail during or after delivery of a wine. To the extent possible the level which a wine may be short of being full will be described in the catalogue in accordance with the diagram provided in Annexure A below.
(c) The ullage described in a catalogue by Strauss & Co is based on an inspection conducted by Strauss & Co prior to the sale of a wine and such ullage, particularly in the case of older wines, may be subject to variation prior to or after the sale of that wine. Accordingly, the ullage and condition of a wine as described in a catalogue is merely provided by Strauss & Co to assist buyers in determining the price of a wine and therefore, under no circumstances do Strauss & Co warrant the accuracy of this information and shall not be held liable for the condition of wines or ullage which may differ from their description in a catalogue.
(d) Save as provided for in clause 7 above, Strauss & Co shall under no circumstances accept any returns or make any refunds or adjustments to prices of sold wines which may result from the natural variations of ullages or poor conditions of cases, labels, corks or wines.
22.5 Storage and collection
(a) Strauss & Co is not responsible for the storage of any Wine Lots. All Wine Lots are stored at a facility determined by the Seller.
(b) Upon payment of the purchase price in full and clear funds, the Buyer will be issued with written confirmation of receipt of such payment from Strauss & Co, which confirmation shall include the relevant Seller's storage facility details.
(c) The issuance of the written confirmation referred to in 22.5(b) shall constitute delivery of the Wine Lot to the Buyer for all legal purposes.
(d) Following the issuance of the written confirmation referred to in 22.5(b) the Buyer must timeously collect the Wine Lot from the Seller's storage facility once it is permissible to do so in terms of the COVID-19 Lockdown Regulations and must make relevant arrangements in that regard, all at the Buyer's own cost.
(e) Should the Buyer fail to collect the Wine Lot by the end of the thirtieth day following the date on which it is permitted for the Buyer to collect the Lot in terms of either a relaxation or termination of the COVID-19 Lockdown Regulations, unless otherwise agreed in writing, the Seller:
(i) shall be entitled to charge the Buyer additional storage costs from that date; and
(ii) may, in its sole and absolute discretion, move the Wine Lot to or within an affiliate or third party warehouse and charge the Buyer any transport and/or administration costs associated therewith.
(f) Unless the Buyer agrees otherwise with the Seller and the Seller's storage facility, the Buyer must collect an entire Wine Lot upon collection.
(g) Nothing in this clause 22.5 shall be construed to limit any rights that Strauss & Co may have (to the extent applicable) under clauses 10 and 12 above.
22.6 Option to buy parcels
(a) For the purposes of this clause 22.6, a 'parcel' shall mean several lots of the same wine, being of the identical lot size, bottle size and description.
(b) When bidding for a parcel, the bidding will commence on the first lot of the parcel and the successful Buyer of that lot of the parcel shall be entitled to take some or all of the remaining Lots in the parcel at the same Hammer Price.
(c) If the Buyer of the first Lot of a parcel does not take any further Lots in the parcel, as specified in clause 5.6.2, the remaining Lots of the parcel shall be sold in accordance with the same process referred to in clause 5.6.2.
(d) Should a bid on the first Lot of a parcel be superseded, Strauss & Co will move the bidders bid to the next lot in the parcel. This process shall be continued by the auctioneer until such time that there are no Lots in the parcel remaining for sale, all of which shall be handled by the auctioneer in its sole and absolute discretion.
All lots sold will be invoiced to the name and address that appear on the bidding forms. Successful bidders are required to make payment for their purchases immediately after the sale. Purchases will be released upon proof of payment.
Methods of Payment
Payment may only be made by:
• Electronic Transfer
• Credit cards acceptable to Strauss & Co
(Diners Club, Mastercard and Visa)
Strauss & Co
Standard Bank Killarney
Branch Code: 007205
Current Account No: 001670891
Swift Address: SBZA ZA JJ
Buyer's Premium: We charge a premium to the buyer on the final bid price. For live auctions, this is calculated at 12% for lots selling over R20 000, and 15% for lots selling at and below R20 000. Please take note that VAT (15%) is payable by buyers on the premium at the applicable rate.
Please contact [email protected]