General Conditions of Sale
INFORMATION FOR BIDDERS
REGISTRATION
Participation in online bidding requires prior registration. Please visit our auction page, log in or create a new account and register for the auction you wish to participate in. Approval may take up to 24 hours. For participation at the auction site, please email or fax the registration form in the catalogue.
BIDDING
The auction will be conducted in order of lot numbers in the catalogue. Each lot will begin with their respective starting price at auctioneer’s sole discretion. If you prefer to bid at the price auctioneer states, please raise the paddle clearly. Standard bid increments are:
JPY 2,000 for bids up to JPY 50,000
JPY 5,000 for bids from JPY 50,000 to JPY100,000
JPY 10,000 for bids from JPY 100,000 to JPY200,000
JPY 20,000 for bids from JPY 200,000 to JPY500,000
JPY 50,000 for bids from JPY 500,000 to JPY1,000,000
JPY 100,000 for bids above JPY 1,000,000
The auctioneer may change the increments on his/her discretion depending on the bidding situation.
We are not liable for any failure to purchase the lots or for the purchase of the incorrect lots because of the following reasons:
(1) Software failure or inability to access the internet.
(2) Client’s improper operation of their devices.
(3) Failing to make bidding decisions in time, and as such has the auctioneer judged.
HAMMER
Successful bidder and the hammer price is decided when the auctioneer calls the paddle number and the price and at the strike of the hammer.
PAYMENT
The price payable will be the total of hammered price + buyer’s premium (17%) + delivery fee. The invoice is sent to the successful bidder soon after the auction day. Payment must be made by bank transfer in Japanese yen within 10 days of the auction date. Please note that the winning bidder is responsible for the bank transfer fee and any other handling charges that may be applicable.
DELIVERY
Please note it is not possible to pick up the wines at the auction. We will ship the wines to your requested address. Delivery charge is JPY 1,850(tax included) for 1 carton box (750ml×6 bottles) for domestic Japan delivery (extra charge for remote islands and some areas). Please note that the shipping costs for some lots may be subject to change due to the size and shape of the product. The bottles will be packed at standing position, and we are not liable for and damages for the condition of the wine during delivery.
For overseas bidders, please send enquiries on shipping prices to info@kaigaiasia.jp. We may not be able to arrange shipping to certain parts of the world, certain spirits and also for particular bottles or lots which have a high value. Additional taxes may apply for shipments overseas or for non-resident buyers.
Bottles must be arranged for delivery or collection within 30 days after the completion of the auction. After which time, additional storage, handling and logistics fees will apply. No bottles will be made available for delivery until you have made full and clear payment of the purchase price (including commission and taxes) as well as all storage, handling and logistics fees and other amounts due to KFW from you.