Buying & Bidding Information
Prior to bidding, all participants must read
the Buying & Bidding Information and the Conditions of Sale contained in
this catalog that state the terms governing the purchase of alcoholic beverage
products sold at auction. Auctions are operated by: (i) Zachys Europe Limited in respect of auctions which are conducted
from the United Kingdom; (ii) Zachys Asia
Limited in respect of auctions which are conducted from Hong Kong; (iii) Zachys Wine Auctions, Inc in respect of
auctions which are conducted from anywhere else in the world; and (iv) in
respect of online-only auctions, the entity stated in the auction particulars
as operator of the auction, (each referred to as "Zachys") acting as
agent for and on behalf of the relevant consignor of the goods to be offered
for sale (the "Consignor"). By participating in an auction, an
auction participant ("Buyer") agrees to be bound by this Buying &
Bidding Information and the Conditions of Sale in this catalog (whether in
print or online).
Estimates
Catalog lot entries include a description of
every lot and an estimated price range that is our opinion of the price
expected at auction. Estimates are a guide for bidders and generally reflect
prices recently paid at auction for comparable alcoholic beverage products.
Each estimate takes into account, among other things, condition, rarity,
quality and provenance (history of ownership, to the extent known). Estimates
are determined in advance of the sale and are therefore subject to revision.
Buyers should not rely upon estimates as a prediction of actual selling prices.
Estimates do not include Buyer's Premium or
sales tax. Certain lots may be noted with “Estimate on Request” instead
of a printed value in the catalog. Please contact a Zachys specialist for further information and bidding
assistance.
Buyers Premium
A 24.5% Buyer's Premium (exclusive of sales
tax) will be added to the successful bid price of each lot purchased and is
payable by Buyer, together with all applicable sales tax, as stated in the
Conditions of Sale.
Reserves
Unless otherwise indicated, all lots are sold
subject to a reserve. A reserve is the confidential minimum price established
between Zachys and the Consignor. The reserve will not exceed the low estimate
for the lot. If any lot in the catalog is not subject to a reserve, the lot
will be identified by the symbol(s) next to the lot number.
Examination of Wines
Zachys endeavors
to select
quality wines for auction and uses leading reputable expert(s) to assist Zachys in examining wines for auction. However, to the fullest extent permissible by
law, Zachys and any Consignor disclaim any liability arising out of any description or error
or omission in any description or any decision
by the Buyer to rely on Zachys or
any Consignor. Prospective Buyers are
urged and advised to examine any lots carefully prior to the auction at our temperature-controlled warehouse
and can do so by appointment. Please
contact Zachys at
+1.914.448.3026, +852.5803.8244 or +44.20.34758455 to set up an appointment.
Bidder Registration
No person shall bid or buy in any auction
(or be shipped any property bought in any auction) who has
not agreed (either in writing or
electronically) to be bound by the
Conditions of Sale and this Buying
& Bidding Information. If a prospective
Buyer has not previously bid with
Zachys, a government issued photo identification (such as National Identity Card or Passport) may be
required prior to registration for any sale.
If a business organization registers to bid in an auction, a Business Registration or a Certificate of Incorporation
and/or proof of director may be
required in order to obtain a paddle. First
time Buyers may settle invoices by wire transfer or check only.
Zachys requires front and back copies of all credit cards for new Buyers along with picture identification.
Prospective Buyers are asked to supply a bank reference to register for the auction. To avoid delay in the release of purchases, please pre arrange check or credit approval through our Finance
Department at +1.914.874.8034, +852.5803.8244 or +44.20.34758455.
All bidders who wish to attend the auction are
asked to preregister for a paddle at least two business days in advance of the
auction. If you plan to attend the auction, a Bidder Pre Registration Form is
provided in this catalog or at zachys.com. Complete and either fax the form to
+1.914.874.8034, +852.5803.8244 or +44.20.34758455 or email the form to bid@zachys.com or
asia@zachys.com at
least two business days prior to the auction. Bidders
should arrive at least 30 minutes
before the scheduled sale of the lot on which they plan to bid to retrieve a paddle.
Bidding
Lots are auctioned
in consecutive numerical order, as they appear
in the catalog. The auctioneer
will accept bids from (i) those present in the saleroom, (ii) absentee
bidders participating by telephone, online or by written bid provided to Zachys
at least 24 hours prior to the first and session
of the auction,
or (iii) live over
the internet. The auctioneer
may also
execute bids on behalf
of the Consignor's reserve; however, under
no circumstances will the auctioneer place any bid on behalf
of the Consignor at or above the reserve. The
auctioneer will not identify
bids placed on behalf of the Consignor.
Prospective Buyers who have registered
to bid by more
than one method (for example,
both as an in-saleroom and absentee bidder) must monitor
all of their bidding activities (including in-saleroom
bids, absentee bids, and online bids) to prevent bidding against themselves.
Subject to the section
headed "Right of Cancellation" in the Conditions of Sale (in
the case of consumers only), for all Zachys live and
online auctions, all bids are final and will not be cancelled.
Bidding by Zachys
Zachys reserves the right to
bid on any lot on its own behalf,
subject to the same
terms and conditions applicable to all other
Bidders.
Parcel Lots
A parcel is
a sequence of lots carrying the same estimates and consisting of the same type,
quantity and bottle size. In this sale the Buyer
of the first lot of a parcel will
have, at the discretion of the auctioneer,
the option to take any or all further lots in the parcel for the same price. If the option is
not exercised on all lots in the same parcel, the auctioneer will open bidding
on the next unsold lot and offer the Buyer of that lot the option to take any
or all of the remaining lots in the parcel sequence. Bidding shall continue in
the same manner until all lots in the parcel have been offered and declared
sold or unsold by the auctioneer. Live Online bidders who purchase the first lot in a parcel will be sent a message requesting that they choose how
many additional lots in the parcel they would like to purchase. If
the Live Online bidder does not
respond to the message, the auctioneer will open the next unsold
lot in the sequence.
Bids should be placed on the first
lot in a parcel. In the event that a bid is placed
on a subsequent lot, Zachys will
move the bid to the first lot in the parcel. An unsuccessful bid on the
first lot in a parcel will be carried to the next lot and executed on that lot.
If unsuccessful again, the bid will be carried to the next lot in the parcel
until all lots have been offered.
Online,
Absentee, & Telephone Bids for Live Auctions
Please note: Zachys
offers the following services as a convenience to clients. Zachys is not
responsible for any error in connection with or failure to execute absentee,
telephone or online bids.
Online Bids
Live auctions will
open for bidding on our website at www.auction.zachys.com approximately 3-4
weeks before the scheduled live auction date. Bids may be submitted online during
this period.
There are two ways to
bid online: (i) submit the starting/next bid or (ii) submit a maximum bid. To
simplify the bidding process, Zachys uses predetermined bidding increments. If
a maximum bid is submitted, bids will be placed on your behalf only as much as
is required to ensure you remain the highest bidder (up to your maximum bid).
In cases when two equivalent maximum bids are submitted, the earlier one will
hold.
All bids submitted
online are immediately executed. You cannot cancel a bid once it has been
submitted. You may, however, adjust your maximum bid while it is higher than
the current standing bid.
Estimates and Bid
amounts may be shown in a secondary currency, shown in parentheses ( ), by the
user selecting a preferred viewing currency on the website. Please note these
values are only an estimate, based on recent exchange rates, and all bids as
well as final payments will be conducted in the sale’s primary currency.
Prospective Buyers
may also bid during the live auction on our website at www.auction.zachys.com.
By registering and
bidding on the internet, prospective Buyers agree to be bound by the Conditions
of Sale. Zachys assumes no responsibility for disputes or errors arising from
online bid activity. In the event of a dispute, the auctioneer's declaration of
winning bid and paddle number shall be determinative. In the event of
communication delays or failures, the auction will not be stopped. Live online
bidders should consider providing Zachys with emergency absentee bids.
Absentee Bids
If you are unable to
attend the auction in person and wish to place bids, you may give Zachys
instructions in writing to bid on your behalf. Zachys' representatives will
then try to purchase the lot or lots of your choice for the lowest price
possible, taking into account the reserve price and other bids. This service is
free and confidential. To place absentee bids, use the form provided herein or
at https://auction.zachys.com/. Be certain to accurately record the lot numbers
and the highest hammer price you are willing to pay for the lot.
Please note: Your bid
amount does not include Buyer's Premium or applicable sales tax. Buyer's
Premium and applicable sales tax will be added to the hammer price of each lot.
Absentee bids must be
submitted in consecutive numerical order, or they will not be executed. In
addition, please use the bid increments included on the absentee bid form. If
bids are submitted incorrectly, Zachys will round your bid up to the next
increment. Please place bids as early as possible and at least 24 hours prior
to the start of the first session of the auction. In the event of identical
bids, the earliest bid received will take precedence. By registering and
submitting absentee bids, prospective Buyers agree to be bound by the
Conditions of Sale.
Telephone Bids
Prospective Buyers
may bid by telephone during the live sale. Telephone bids are accepted only at
Zachys' discretion and at the prospective Buyer's risk. Because of limited
phone lines in the saleroom, Zachys must confirm arrangements for this service
at least 48 hours prior to the start of the first session of the auction. At
Zachys' discretion, telephone bids may be limited to lots with a value above
HK$16,000 or US$2,000 and may be recorded. By submitting a telephone bid,
prospective Buyers agree to be bound by the Conditions of Sale.
Bidding
in Online Auctions
Bids can be submitted
anytime during the course of an online auction on our website at
www.auction.zachys.com.
There are two ways to
bid: (i) submit the starting/next bid or (ii) submit a maximum bid.
To simplify the
bidding process, Zachys uses predetermined bidding increments. If a maximum bid
is submitted, bids will be placed on your behalf only as much as is required to
ensure you remain the highest bidder (up to your maximum bid). In cases when
two equivalent maximum bids are submitted, the earlier one will hold.
All bids submitted
online are immediately executed. You cannot cancel a bid once it has been
submitted. You may, however, adjust your maximum bid while it is higher than
the current standing bid.
Estimates and Bid
amounts may be shown in a secondary currency, shown in parentheses ( ), by the
user selecting a preferred viewing currency on the website. Please note these
values are only an estimate, based on recent exchange rates, and all bids as
well as final payments will be conducted in the sale’s primary currency.
By registering and
bidding on the internet, prospective Buyers agree to be bound by the Conditions
of Sale. Zachys assumes no responsibility for disputes or errors arising from
online bid activity.
Taxes
Buyers are responsible for the payment of any
tax, tariff, duty or other fee which Zachys may be required by law to charge or
remit to any authority in respect of or in connection with the sale.
All bids placed by Buyers are deemed to be
submitted exclusive of any sales tax including United Kingdom value added tax
and/or any other applicable tax of a similar nature, which shall (if required)
be payable by the Buyer at the appropriate rate. Applicable VAT or sales tax is
charged on the successful bid price, Buyer’s Premium, and any other applicable
charges on any other property purchased by the Buyer from Zachys unless Buyer
has a valid exemption therefrom. All such taxes shall be paid by Buyer at the
time of delivery to Buyer at Zachys' licensed location.
Buyers claiming exemption from sales, use or
other tax must provide Zachys with documentation, which, in Zachys’ sole
discretion and judgment, is satisfactory evidence of such exemption, prior to
the release of property to the Buyer. Buyers claiming such exemption who are
licensed dealers of alcoholic beverages must submit resale certificates and a
copy of their valid licenses to Zachys prior to registering for the sale.
The following information is intended to give
general advice to buyers on the VAT and certain other potential tax
implications of purchasing at Zachys wine auctions. Reference to the following
VAT symbols shall mean those symbols located beside the lot number or the pre-
sale estimates in the catalogue.
Buyers are responsible for the payment of any
tax which Zachys may be required by law to charge or remit to any authority in
respect of or in connection with the sale. All bids placed by Buyers are deemed
to be submitted exclusive of any VAT and/or any other applicable tax or duties,
which shall (if required) be payable by the Buyer at the appropriate rate.
The following VAT schemes are applicable to
Zachys Europe Limited auctions and deliveries within the European Union, as
prescribed by the symbols accompanying each lot in this catalogue:
Property
with a † (Single Dagger) Symbol
These lots are sold under normal VAT rules. VAT
is applicable over the hammer price, buyer’s premium and any additional charges
(if applicable) at a VAT rate prescribed by law. The goods under † do not
qualify for a VAT margin scheme. Terms of delivery and any corresponding VAT charges
will be discussed with the buyer after the auction on an individual basis.
Property
with a ? (Black Diamond) Symbol
These lots remain in bond (i.e. not in free EU
VAT circulation). Please note that VAT is applicable upon release of the goods
into EU free circulation - on request of buyer - over the hammer price, buyer’s
premium and any additional charges (if applicable) at a rate prescribed by law
which is added to the amount payable by
the buyer. Terms of delivery will be discussed with buyer after the auction on
an individual basis with corresponding VAT charges if - upon request of buyer -
the goods will be released into EU free circulation.
Property
with a ? (Open Triangle) Symbol
These lots are subject to a “margin scheme”,
whereby only the buyer’s premium and additional charges are taxed with VAT. The
rate of buyer’s premium including VAT on lots with this symbol is equal to 29%.
Buyers eligible for the margin scheme may also opt for the application of
regular VAT rules, for example, in case of a delivery of the goods outside the
European Union or a delivery within the European Union to
a VAT registered buyer. The enhanced buyer’s
premium amount will be reflected on the buyer invoice. Terms of delivery and
any corresponding VAT charges will be discussed with the buyer after the
auction on an individual basis.
All questions regarding tax and exemptions
should be directed to Zachys Finance Department at +44.20.34758455, +852.5803.8244
or +1.914.874.8034.
Owned or
Guaranteed Property
Zachys offers property consigned by others for
sale at public auction. Occasionally, lots are offered which have in the course
of the sale process become the property of Zachys. These lots are identified
with the symbol (n) next to the lot number.
On rare occasions, Zachys may guarantee a
minimum price to the Consignor. Such lots are identified in the catalog by the
symbol (?) next to the lot number. Guaranteed lots may
also be sold subject to a reserve.
Successful
Bid
The fall of the auctioneer's hammer indicates
the final bid, at which time the Buyer assumes full responsibility for the lot.
Successful bidders will be notified and invoiced within a few days of the sale.
Successful Buyers will pay the price of the final bid plus a 24.5% Buyer's
Premium plus any applicable taxes for each lot purchased.
Payment
For zCollection
purchases, Zachys will auto-charge the credit card on file for the full invoice
amount within 48 hours of the sale close.
For live auction
purchases, Zachys will auto-charge the credit card on file for invoices up to
HK$150,000, US$20,000 or GBP 15,000 within 48 hours of the sale close.
In respect of all other
purchases, buyers are expected to pay for purchases within 14 calendar days of
purchase for live sales and 7 calendar days of purchase for internet sales. At
the end of this 14- or 7-calendar day period (as applicable), Zachys reserves
the right to charge the Buyer's credit card on file for any amounts still due.
All amounts remaining due after this 14- or 7-calendar-day period will be subject
to a 2% per month late charge. In addition, any payments in default after 21
calendar days will incur a penalty equal to 3% of the purchase price.
Additional late fees equal to 3% of the total purchase price may be charged for
every 14 calendar days past the initial 21-calendarday period. All payments are
payments on account until all invoices and all balances due are paid in full.
For US auctions, payment
is accepted in United States Dollars.
For Hong Kong auctions,
payment is accepted in Hong Kong Dollars,
For United Kingdom
auctions, payment is accepted in Pounds Sterling.
To request payment in
another currency, contact Zachys at +1.914.448.3026, +852.2530.1971 or
+44.20.34758455. Zachys, in its sole discretion, shall determine the currency
exchange rate
To avoid delays in the
release of your purchases, prospective Buyers are requested to supply bank
references prior to the auction.
Payment can be made by
credit card, check, money order, bank wire transfer or cash. In the event of
third-party payments, Zachys may require an Authorization Letter from both
parties.
Payment by Credit Card
All charges are subject
to acceptance by Zachys and the applicable credit card company. Zachys will accept
Visa, MasterCard, American Express, Discover and Union Pay. Payment can be made
via phone by calling +1.914.448.3026, +852.2530.1971 or +44.20.34758455. The
maximum amount allowed to be charged on credit cards is limited to HK$150,000,
US$20,000 or GBP 15,000 per auction, with the exception of payments via
American Express which has no limit.
Zachys reserves the right
to charge Buyer's credit card and to immediately assess a 3% late penalty
charge, should payment be past the due date, notwithstanding that the amount of
such charge may exceed HK$150,000, US$20,000 or GBP 15,000. Zachys reserves
the right to charge Buyer's credit card and to immediately assess the relevant
late payment charges set out above, should payment be past the due date,
notwithstanding that the amount of such charge may exceed the maximum amount.
When making payment via
UnionPay, winning bidder must sign the auction invoice and acknowledge that
possession of the wine has transferred from Zachys at time of payment.
Signature must be same as the one signed on payslip.
Payment by Wire Transfer
For US Auctions:
Zachys Wine Auctions Inc.
Bank: Hapoalim B.M. New
York
1120 Avenue of Americas
New York, NY 10036
Account #:
01091461-01
ABA #: 026008866
SWIFT: POALUS33
For Hong Kong Auctions:
Beneficiary Bank: HSBC
Hong Kong. 1 Queens Road Central Hong
Kong Branch Beneficiary
Bank SWIFT: HSBCHKHHHKH Beneficiary
Bank Code: 004 (Optional)
Account Name: Zachys Asia
Limited
Account #: 808481808838
For United Kingdom
Auctions:
Zachys
HSBC
60 Queen Victoria Street
London
EC4N 4TR
United Kingdom
Account #: 31329804
Swift/BIC: HBUKGB4B
IBAN:
GB83HBUK40116031329804
Sort: 401160
When paying by wire
transfer, please be sure to reference the invoice number in the details field.
Payment by Check
For US Auctions:
Please make checks
payable to: Zachys Wine Auctions Inc.
Mail to: 39 Westmoreland
Ave.
White Plains, NY 10606
For Hong Kong Auctions:
Please make checks
payable to: Zachys Asia Limited
Mail To: Unit A&B,
3/F, Tern Centre, Tower II, No 251 Queen’s Road
Central Hong Kong
For United Kingdom
Auctions:
Please make checks
payable to: Zachys Europe Limited
Mail To: 3rd Floor 1
Ashley Road
Altrincham, Cheshire
WA14 2DT United Kingdom
In the event a charge or
check is not accepted by the appropriate financial institution, Buyer remains
liable for all amounts owed on date due.
Collection of Purchases
Buyers are expected to remove their property
within 14 calendar days of the
auction. Prospective Buyers' attention is drawn to the Conditions of Sale,
including Condition 9.
Collection &
Delivery
It is the
Buyer's responsibility to pick up purchases or make shipping arrangements
within 14 calendar days of the auction. Zachys will not automatically arrange
for the delivery of purchased products.
After payment has been received, Zachys can
assist in the arrangement of packing, transit insurance, and shipping at the
Buyer's expense, direction and request.
Please submit the
Collection & Delivery Form to expedite payment and delivery for auction
purchases.
Export/Import Permits
Alcoholic beverage products sold at auction may be subject to laws governing export from the jurisdiction
where the auction was held and import restrictions of foreign countries. Buyers
should always check whether an
export license is required before exporting alcoholic beverage products. It is
the Buyer's sole responsibility to obtain any relevant export or import
license. A delay in obtaining licenses shall neither justify the rescission of
any sale nor excuse delay in providing full payment for the lot. Local laws may prohibit the importation of some
property and/or may prohibit the
resale of some property in the country
of importation; no such restriction shall justify the rescission of any sale or
delay in making full payment for the lot.
Delivery Restrictions
Prospective Buyers are also reminded
that various jurisdictions impose limitations on the quantity of
alcoholic beverage products which may be purchased and brought into their
jurisdiction by a purchaser from another jurisdiction,
without requiring the purchaser, a consignor or shipper to possess certain licenses or permits. Zachys shall not as a condition of sale
assume any obligation or bear any responsibility
whatsoever for applying for or obtaining the requisite permits or licenses in
the event the quantity purchased exceeds said
limitations. Therefore, all prospective
Buyers are strongly advised to investigate the possibility of such limitations
and to determine the manner in which alcoholic
beverages shall be brought into the jurisdiction so as to comply with all local
requirements.
Shipment of Spirits
Prospective Buyers should be advised there are
certain restrictions regarding the shipment of spirits. Many countries and
states impose limitations on quantity, high duties, and/or taxes, and
prospective Buyers should be aware of export and import restrictions.
Auction Results
To obtain results for
the auction, please refer to www.auction.zachys.com.
Translation
The terms and conditions have originally been
drafted in English. In the event that any translation of the terms and
conditions is prepared, the provisions of the English version shall prevail.
Conditions of Sale
These Conditions of Sale are Zachys'
and the Consignor's entire agreement with the Buyer with
respect to the property listed in
this catalog. The Conditions
of Sale and all other contents of this
catalog may be amended by posted notices or oral
announcements made during the sale. The
property will be offered by Zachys as agent for
the Consignor, unless the catalog indicates otherwise. By participating in an auction,
you agree to be bound by these terms
and conditions.
1
This catalog endeavors to describe the property listed herein accurately. However, save as
otherwise expressly set out in these
Conditions of Sale, and to
the fullest extent permissible by law, Zachys
and the Consignor shall not
be liable for any such description and expressly disclaim any representation or warranty regarding
the origin, physical condition, merchantability, fitness for
a particular purpose, correctness of
catalog description, size, quality, condition,
rarity, authenticity, attribution, value, importance, provenance, previous storage conditions
or historical relevance of any property herein. Zachys further retains the absolute right to amend at any
time and in any manner any
description of any property
contained in any catalog, and
shall take reasonable steps to inform Buyers of such change prior to the conclusion of any purchase. Classifications in the text are for
identification purposes only and based
on standard sources. Buyers must make appropriate allowances for natural variations in ullages, conditions of cases, labels, corks and wine. Each statement contained in any catalog and each other statement, whether
oral or written, and whether made at an auction or
in an advertisement, bill of sale,
addendum, posting, notice, announcement or otherwise, is a statement of
opinion only and (subject to the next sentence) shall not be relied
upon by any Buyer or otherwise be
deemed a warranty or representation.
The previous sentence
does not
apply to the sale of goods
acting as consumers in the United Kingdom – Zachys is under a legal duty to ensure that such goods are in
conformity with their description. Images appearing in this catalog or elsewhere are for illustrative
purposes only and may not be relied upon to reveal
imperfections in any products. Zachys and the Consignor make no representation
or warranty, express or implied, as to whether the
Buyer acquires any copyright or other reproduction rights in any property.
To the fullest extent permissible by law, neither Zachys nor the Consignor shall be liable for
errors or omissions in the catalog or
any supplemental material. Prospective Buyers are urged and advised to inspect the property before the auction, including the cases, labels, corks and wines, and must satisfy themselves by inspection or other means as to all considerations pertinent
to any decision to place any bid. EACH PRODUCT AND EACH LOT HEREIN IS SOLD “AS IS,” AND,
TO THE FULLEST EXTENT PERMISSIBLE BY LAW, BUYERS
EXPRESSLY DISCLAIM ANY RELIANCE ON ZACHYS, THE
CONSIGNOR, OR THE CATALOG. No provision of the Buyer &
Bidding Information or these Conditions of Sale shall limit or exclude Zachys'
or the Consignor's liability for: (i)
fraud; (ii) fraudulent misrepresentation; or
(iii) death or personal
injury arising from its negligence.
2
The purchase price payable by the Buyer
(“Purchase Price”) will be
the sum of the final bid price (the “Hammer Price”), the Buyer's Premium and
the Protection Fee, when
applicable, together with any applicable sales tax. The Buyer's
Premium is 24.5% of the Hammer
Price. The Protection Fee is 1% of the Hammer
Price plus the Buyer's Premium.
3
Zachys reserves the right to withdraw any property or cancel any sale before or at the sale
and shall have no liability whatsoever for such withdrawal or cancellation.
4
Zachys reserves the right to reject
any bid. The highest bidder acknowledged by the
auctioneer will be the Buyer. In
the event of any dispute between bidders, or any other issue with respect to the bidder, the auctioneer will have absolute
discretion to determine the successful
bidder, to continue the bidding, to cancel the
sale or to reoffer and resell the
property in dispute. If any dispute arises after the sale, Zachys'
sale record is conclusive.
5
In its sole discretion,
Zachys may accept and execute absentee bids (written
bids submitted to Zachys prior to the
sale), telephone bids and internet
bids as a convenience
to clients who are not present
at auction.
6
Unless otherwise indicated, all lots in this
catalog are offered subject to
a reserve, which is the minimum price the Consignor is willing to
accept. This amount is confidential and will not exceed the low presale estimate. Lots not subject to a reserve are identified with the symbol (d) next to the lot number.
Zachys shall act to protect the
reserve by bidding through the auctioneer.
The auctioneer may open bidding on any lot below the reserve by placing a bid on behalf of the Consignor. The auctioneer may continue
to bid on behalf of the Consignor up to the amount of the reserve, either by placing successive bids or by placing bids in
response to other bidders.
7
Title to the offered
lot passes to the Buyer upon
the fall of the auctioneer's hammer and the announcement by the auctioneer that the lot has been sold,
subject to compliance by the Buyer with all other Conditions of Sale and the
Buying & Bidding Information.
8
The Protection Fee is 1% of the hammer price plus the Buyer's
Premium for all arranged deliveries of purchased property. In
return for payment of the Protection Fee, purchased property will be protected
against breakage, loss, theft or fire
and other losses as covered by Zachys'
insurance while in transit to the Buyer's declared point of destination.
If Buyer elects to decline the
protection afforded by the Protection Fee, Buyer
thereupon assumes full risk and responsibility
for the lot while in transit.
9
No
property may be removed from Zachys' premises until Buyer has paid the Purchase
Price in full plus all other fees and taxes (inclusive of any taxes due in the
location of the auction on Buyers who are not residents of such location) and
has satisfied such terms as Zachys, in its sole discretion, shall require.
Zachys reserves the right to withhold all property until such time as all
outstanding amounts are paid in full from purchases from any prior auction(s).
Upon receipt of full payment, Zachys will issue a Release Order, which must be
presented in order for Zachys to release purchases made at auction. Subject to
the foregoing, all lots are to be paid for no later than 4:30 PM (local time at
the place of the auction) on the fourteenth calendar day following the live
sale, and removed from Zachys' premises at Buyer's expense no later than 30
calendar days after the date of sale. If payment is not made within 14 calendar
days of purchase for live sales and 7 calendar days of purchase for net sales,
Zachys reserves the right to impose a late charge of up to 2% per month of the
Purchase Price, in addition to any other rights and remedies available by law
to Zachys. Any payments in default after 21 calendar days of purchase will
incur a penalty equal to 3% of the Purchase Price. Additional late fees equal
to 3% of the Purchase Price may be charged for every 14 calendar days past the
initial
21-calendar-day
period. If Buyer fails either to timely remove the purchased lots from Zachys'
premises or make timely arrangements with New York Fine Wine Storage or Newcorp
Logistics to store the purchased lots, Zachys may transfer such property to a
public warehouse for the account, and at the risk and expense, of Buyer. If a
lot has not been collected within 30 calendar days of the date of sale and
Zachys does not transfer the uncollected property to a public warehouse, Buyer
will be liable to Zachys for interest, storage fees, and handling charges.
10
Zachys
is not responsible for acts or omissions by itself or others in packing or
shipping, whether or not the carrier or packer is recommended by Zachys.
Packing and handling of purchased lots are entirely at the risk of Buyer.
Zachys may, at the request and direction of Buyer and for an administrative
fee, make arrangements for the consolidated shipment by common carrier of the
purchased lots, provided that Zachys is not liable in any way therefore.
11
If
Buyer fails to comply with any of these Conditions of Sale, Buyer will be in
default and Zachys may avail itself of all remedies available by law,
including, without limitation, the right to (i) hold such defaulting Buyer
liable for the Purchase Price including all fees, charges and expenses, (ii)
cancel the sale of that lot and any other property sold to Buyer, (iii) resell
the property without Reserve at public auction or privately on reasonable
notice to the Buyer, (iv) pay the Consignor an amount equal to the net proceeds
payable in respect of the amount bid by the defaulting Buyer and then resell
the property to a third party without Reserve at public auction or privately on
reasonable notice to such Buyer, and/or (v) take such other action as Zachys
deems necessary or appropriate. If Zachys resells the property pursuant to
clause (iii) or (iv) above, the defaulting Buyer shall be liable for the
payment of any deficiency between the Purchase Price and the price obtained
upon resale pursuant to clause (iii) and (iv) above and all costs and expenses,
including, without limitation, warehousing, the expenses of both sales, reasonable
attorneys' fees, commissions, incidental damages and all other charges due
hereunder. In the event that such Buyer pays a portion of the Purchase Price
for any or all lots purchased, Zachys shall apply the payment received to such
lot or lots that Zachys, in its sole discretion, deems appropriate. Any Buyer
who fails to comply with these Conditions of Sale will be deemed to have
granted Zachys a security interest in, and Zachys may retain as collateral
security for such Buyer's obligation to it, any property in Zachys' possession
owned by such Buyer. Zachys shall have the benefit of all rights of a secured
party under the Uniform Commercial Code or applicable law adopted in the
jurisdiction where the auction is held.
12
Payment
will not be deemed to have been made in full until Zachys has collected good
funds. In the event Buyer fails to pay any or all of the Purchase Price for any
lot within 30 calendar days of sale and Zachys nonetheless elects to pay the
Consignor any portion of the sale proceeds, Buyer acknowledges that Zachys
shall have all of the rights of the Consignor to pursue the Buyer for any
amounts paid to the Consignor, whether at law, in equity, or under these
Conditions of Sale.
13
Notwithstanding
any other terms of these Conditions of Sale, if within 3 calendar days of the
date of delivery of the property, Buyer notifies Zachys in writing of a claim
that any lot is short, ullaged, or has suffered breakage, then Zachys in its
sole discretion will decide any such claim as between the Consignor and Buyer
and may rescind the sale and refund all or part of the Purchase Price received.
This does not affect any other rights of the Buyer at law or under these
Conditions of Sale.
Notwithstanding
any other terms of these Conditions of Sale, if a Buyer purchased property that
is inauthentic and returns such property to Zachys within 90 calendar days of
the date of delivery, then Zachys agrees to rescind the sale and refund the
Purchase Price received.
The
benefit of this Condition of Sale 13 is not assignable and shall be applicable
only to the original Buyer of the lot and not to subsequent assigns, buyers,
heirs, owners or others who have acquired or may acquire an interest therein.
At its
discretion, Zachys will not always cut the bands on original packaging of
younger wines. In such cases, Zachys will not accept returns for any issues the
Buyer might discover after the band is cut.
14
Alcoholic
beverage products sold at auction may be subject to laws governing export from
the jurisdiction where the auction was held and import restrictions of foreign
countries. Buyers should always check whether an export license is required
before exporting alcoholic beverage products. It is the Buyer's sole
responsibility to obtain any relevant export or import license. A delay in
obtaining licenses shall neither justify the rescission of any sale nor excuse
delay in providing full payment for the lot. Local laws may prohibit the
importation of some property and/or may prohibit the resale of some property in
the country of importation; no such restriction shall justify the rescission of
any sale or delay in making full payment for the lot.
15
Prospective
Buyers are also reminded that various jurisdictions impose limitations on the
quantity of alcoholic beverage products which may be purchased and brought into
their jurisdiction by a purchaser from another jurisdiction, without requiring
the purchaser, a consignor or shipper to possess certain licenses or permits.
Zachys and Consignor shall not as a condition of sale assume any obligation or
bear any responsibility whatsoever for applying for or obtaining the requisite
permits or licenses in the event the quantity purchased exceeds said
limitations.
Therefore,
all prospective Buyers are strongly advised to investigate the possibility of
such limitations and to determine the manner in which alcoholic beverages shall
be brought into the jurisdiction so as to comply with all local requirements.
16a
For
auctions that are held not in Hong Kong, the District of Columbia or the United
Kingdom, the respective rights and obligations of the parties with respect to
the Conditions of Sale and the conduct of the auction shall be governed by and
interpreted in accordance with the laws of the State of New York. By
participating in an auction, whether present in person or by agent, by absentee
bid, telephone bid, internet bid or other means, Buyer shall be deemed to have
consented to the exclusive jurisdiction of the State Courts of, and the Federal
Courts sitting in, the State and County of New York. For such auctions, Buyer's
sole and exclusive remedy against Zachys and/or the Consignor for any dispute
or injury related to the auction or the property listed in the catalog shall be
the rescission of the sale and the refund of the original Purchase Price paid
for the lot. This remedy shall be in lieu of any other remedy which might
otherwise be available to Buyer as a matter of law or at equity, and neither
Zachys nor the Consignor shall be liable, in whole or in part, for any
indirect, special, punitive, inci- dental or consequential damages, including,
without limitation, loss of profits.
16b
For
auctions that are held in Hong Kong, the respective rights and obligations of
the parties with respect to the Conditions of Sale and the conduct of the
auction shall be governed by and interpreted in accordance with the laws of the
Hong Kong Special Administrative Region. By participating in an auction,
whether present in person or by agent, by absentee bid, telephone bid, internet
bid or other means, Buyer shall be deemed to have consented to the exclusive
jurisdiction of the Courts of Hong Kong Special Administrative Region. For such
auctions, Buyer's sole and exclusive remedy against Zachys and/or the Consignor
for any dispute or injury related to the auction or the property listed in the
catalog shall be the rescission of the sale and the refund of the original
Purchase Price paid for the lot. This remedy shall be in lieu of any other
remedy which might otherwise be available to Buyer as a matter of law or at
equity, and neither Zachys nor the Consignor shall be liable, in whole or in
part, for any indirect, special, punitive, inci- dental or consequential
damages, including, without limitation, loss of profits.
16c
For auctions
that are held in the District of Columbia, the respective rights and
obligations of the parties with respect to the Conditions of Sale and the
conduct of the auction shall be governed by and interpreted in accordance with
the laws of the District of Columbia. By participating in an auction, whether
present in person or by agent, by absentee bid, telephone bid, internet bid or
other means, Buyer shall be deemed to have consented to the exclusive
jurisdiction of the District of Columbia courts and the United States District
Court for the District of Columbia. For such auctions, Buyer's sole and
exclusive remedy against Zachys and/or the Consignor for any dispute or injury
related to the auction or the property listed in the catalog shall be the
rescission of the sale and the refund of the original Purchase Price paid for
the lot. This remedy shall be in lieu of any other remedy which might otherwise
be available to Buyer as a matter of law or at equity, and neither Zachys nor
the Consignor shall be liable, in whole or in part, for any indirect, special,
punitive, incidental or consequential damages, including, without limitation,
loss of profits.
16d
For
auctions that are held in the United Kingdom, the respective rights and
obligations of the parties with respect to the Conditions of Sale and the
conduct of the auction shall be governed by and construed in accordance with
the laws of England and Wales. By participating in an auction, whether in
person or by agent, absentee bid, telephone bid, online bid or other means, the
Buyer irrevocably agrees that the courts of England and Wales shall have
exclusive jurisdiction to settle any dispute or claim (including
non-contractual disputes or claims) arising out of or in connection with these
Conditions of Sale, the Buyer & Bidding Information or their subject matter
or formation. For such auctions, Buyer's sole and exclusive remedy against
Zachys and/or the Consignor for any dispute or injury related to the auction or
the property listed in the catalog shall be the rescission of the sale and the
refund of the original Purchase Price paid for the lot. This remedy shall be in
lieu of any other remedy which might otherwise be available to Buyer as a
matter of law or at equity, and neither Zachys nor the Consignor shall be
liable, in whole or in part, for any indirect, special, punitive, incidental or
consequential damages, including, without limitation, loss of profits. In the
event of any dispute relating to any purchases made online, the Buyer may refer
to guidance regarding online alternative dispute resolution published by the
National Trading Standards at www.nationaltradingstandards.uk/contact.
17
All
offers and sales of alcoholic beverage products by Zachys are subject to the
local laws governing the sale of alcoholic beverage products in the
jurisdiction in which the auction takes place.
18
District
of Columbia and New York State law requires that Buyers of alcoholic beverages
must be at least 21 years of age. Hong Kong and English law requires that
Buyers of alcoholic beverages must be at least 18 years of age. Buyers should
observe and comply with the applicable laws relating to the purchase of
alcoholic beverages in the jurisdiction where the auction is held. By
participating in the auction, each Buyer represents and warrants to Zachys that
he, she or it has the legal capacity to purchase, receive, and possess any lot
purchased.
19
Zachys
does not ship alcoholic beverage products. As an accommodation to Buyers,
Zachys may arrange to have property packed, insured and delivered at Buyer's
expense and direction, but (other than as provided in Condition of Sale 8) Zachys shall have no liability or
obligation for shipping alcoholic beverage products. Zachys makes no representation,
and assumes no obligation, with respect to the legality of shipment of
alcoholic beverage products into any jurisdiction. Zachys urges all Buyers to
investigate and understand the alcoholic beverage products shipping laws and
regulations of the jurisdiction to which they intend the alcoholic beverage
products to be shipped prior to the purchase of alcoholic beverage products at
auction.
20
By participating in the auction, Buyer agrees with Zachys and the Consignor that these Conditions
of Sale, together with any
instrument captioned (i) Buying &
Bidding Information and (ii) General Catalog Notes published by Zachys and in effect from time to time and
which are incorporated herein by reference as part of this Condition of
Sale, shall become the legal, valid,
and binding obligation of the
Buyer, enforce- able in accordance
with their terms by Zachys and
the Consignor (who is both a party
hereto and, with respect to portions
hereof between Buyer and Zachys, an
intended third-party beneficiary).
21
In the
event any one or more of the provisions, or any part or parts of a provision,
of these Conditions of Sale and/or the Buying & Bidding Information is
determined to be invalid or unenforceable in any respect, the validity and
enforceability of all remaining provisions and parts of provisions shall not in
any way be affected or impaired.
22
If there is any
inconsistency between the English and translated version of the General Catalog
Notes, the Buying & Bidding Information, the Conditions of Sale or all other relevant documents,
forms, website or emails, the
English version shall prevail.
Collection, Delivery
& Storage of Wines
Purchases will be stored free of charge for the
first 90 days after the auction at which the wine is purchased. After 90 days,
clients will automatically be billed for any future storage.
For US Auctions
Storage
Wine purchased at auction is stored at New York
Fine Wine Storage (NYFWS) located in White Plains, New York. The 15,000 square
foot warehouse is equipped with a state-of-the-art alarm system that is
monitored 24 hours a day, 7 days a week. A 50-ton refrigeration system provides
an ideal temperature, and all wines are protected with a temperature alarm
system, as well as a backup generator. Rates are competitive, and the
merchandise will not have to be moved to another location.
For further information or directions, please
call NYFWS at 914.874.8068.
Pickup
Wines can be picked up from the Zachys Wine
Auction warehouse or Zachys Wine and Liquor, Inc. store between the hours of 9
AM and 5 PM Monday through Friday, provided that payment for the lots has been
received. Buyers can arrange to collect their wine by appointment by phoning
Zachys at 914.448.3026. Please provide at least 72 hours notice before coming
to collect your purchases. Any additional packaging and/or handling that is
required or requested will be subject to processing fees.
Delivery
Purchases will not automatically be shipped.
Once payment has been received, arrangements can be made to deliver the wines
to the Buyer to the primary shipping address on the account. For further
information or collection and delivery assistance, please call 914.448.3026 or
email auction@zachys.com.
Original wooden cases and original cartons,
when available, will be shipped automatically at $12 per case, unless
instructed otherwise.
Zachys can assist you in making arrangements to
have the wine purchased at auction shipped. All shipments and pickups will be
subject to a 1% Shipping Protection Fee charge. This Shipping Protection Fee
provides protection against only breakage, theft or fire as covered by Zachys
insurance with respect to purchased property packed, shipped and delivered
pursuant to arrangements made by Zachys. Zachys and its forwarding agents cannot
be held responsible for any other changes to the wines during shipment. Loss or
breakage resulting from shipping that Zachys has arranged must be reported to
Zachys in writing within three days of delivery of the property, which must be
examined in the presence of the carrier on arrival.
To insure the safety of the wines, it may be
necessary in some shipments to repack the wines in protective shipping
containers and to ship the wooden cases separately at an additional charge.
Buyers are also reminded that various
jurisdictions impose limitations on the quantity of alcoholic beverages which
may be purchased and brought into their jurisdiction by a purchaser from
another jurisdiction, without requiring the purchaser, a consignor or shipper
to possess certain licenses or permits. Zachys makes no representation, and
assumes no obligation, as to the legality of shipment of alcoholic beverages
into any jurisdiction. Zachys urges all Buyers to investigate and understand
the wine shipping laws and regulations of the jurisdiction to which they intend
the wine to be shipped prior to the purchase of wines at auction. The
protection afforded by the Shipping Protection Fee does not cover confiscation
by any government or law enforcement agency as a result of alleged violations
of applicable laws by Sellers or Buyers.
Zachys will take precaution to ensure the
safety of wines against inclement weather conditions. This may include delaying
shipments during times of extreme high or low temperatures.
Common Carrier Delivery Charges
NY State
• Deliveries range from $25-$30 per case.
Domestic Common Carrier via FedEx or UPS
• Ground service ranges from approximately
$25-$50 per case based upon zip code.
• Second Day Air service ranges from
approximately $50-$125 per case based upon zip code.
• Next Day Air service ranges from
approximately $85-$150 per case based upon zip code.
Consolidated Shipments
International
Zachys offers free consolidated sea shipments
between White Plains, Hong Kong and Rotterdam several times a year. Subsidized
consolidated air shipping is also available along those routes at a rate of
US$12 per 0.75L. Currency is determined by the origin of the shipment.
Domestic
New York – Washington, DC
Zachys offers temperature-controlled
consolidated deliveries of wine purchased at Zachys auctions between Zachys New
York in White Plains, NY and Zachys DC in Washington, DC at a rate of $18 per
case.
New York – Los Angeles
New York – Houston
New York – West Palm Beach
Zachys offers temperature-controlled
consolidated shipments between New York and the above destinations at a rate of
$45 per case, several times per season. Local delivery charges will apply.
Please contact 914.448.3026 or auction@zachys.com for further information.
Dedicated Shipments
Domestic Private Carrier in
temperature-controlled Truck
Quotes vary based upon quantity and
destination. Please contact us at auction@zachys.com or 914.448.3026 to obtain
a quote.
International Dedicated
Zachys can assist with shipments to many
international destinations. Quotes vary based upon quantity and destination.
Please contact us at auction@zachys.com or 914.448.3026 to obtain a quote.
For Hong Kong Auctions
Storage
Wine purchased at HK auctions is stored at our
wine warehouse in Hong Kong. The warehouse is equipped with a state-of-the-art
alarm system that is monitored 24 hours a day, 7 days a week. The refrigeration
system provides an ideal temperature, and all wines are protected with a
temperature alarm system, as well as a back-up generator. There are also
security guards on site 24 hours a day, 7 days a week. Rates are competitive,
and the merchandise will not have to be moved to another location. For further
information, please email us at asia@zachys.com or call us at 852.2530.1971.
Pickup
Wines can be picked up from the Zachys Asia
warehouse between the hours of 9:30 AM and 5:00 PM Monday through Friday,
provided that payment for the lots has been received. Buyers can arrange to
collect their wine by appointment by phoning Zachys at 852.2530.1971. Please
provide at least 72 hours notice before coming to collect your purchases. Note
there is a gate fee charge when picking up from warehouse. Please contact us at
asia@zachys.com or call us at 852.2530.1971 for details.
Please Note: For pickups, any additional
packaging and/ or handling that is required or requested will be subject to
processing fees.
Delivery
Once payment has been received, arrangements
can be made to deliver the wines to the Buyer. Purchases will not automatically
be shipped. Please email the Collection & Delivery Form (found in this
catalog) to asia@zachys.com. For further information on delivery cost within
Hong Kong or collection and delivery assistance, please call 852.2530.1971 or
email asia@zachys.com. Zachys can assist you in making arrangements to have the
wine purchased at auction shipped. All shipments will be subject to a 1%
Shipping Protection Fee charge. This Shipping Protection Fee provides
protection against only breakage, theft or fire as covered by Zachys insurance
with respect to purchased property packed, shipped, and delivered pursuant to
arrangements made by Zachys. Zachys and its forwarding agents cannot be held
responsible for any other changes to the wines during shipment. Loss or
breakage resulting from shipping that Zachys has arranged must be reported to
Zachys in writing within three days of delivery of the property, which must be
examined in the presence of the carrier on arrival. To ensure the safety of the
wines, it may be necessary in some shipments to repack the wines in protective
shipping containers and to ship the wooden cases separately at an additional
charge. Buyers are also reminded that various jurisdictions impose limitations
on the quantity of alcoholic beverages which may be purchased and brought into
their jurisdiction by a purchaser from another jurisdiction, without requiring
the purchaser, a consignor or shipper to possess certain licenses or permits.
Zachys makes no representation, and assumes no obligation, as to the legality
of shipment of alcoholic beverages into any jurisdiction. Zachys urges all
Buyers to investigate and understand the wine shipping laws and regulations of
the jurisdiction to which they intend the wine to be shipped prior to the
purchase of wines at auction. The protection afforded by the Shipping
Protection Fee does not cover confiscation by any government or law enforcement
agency as a result of alleged violations of applicable laws by Sellers or
Buyers.
Delivery Charges
Please email asia@zachys.com or give us a call
at 852.2530.1971 for local and overseas delivery costs.
Consolidated Shipments
Zachys offers free consolidated sea shipments
between White Plains, Hong Kong and Rotterdam several times a year. Subsidized
consolidated air shipping is also available along those routes at a rate of HK$100
per 0.75L. Currency is determined by the origin of the shipment.
For United Kingdom Auctions
Storage
Wine purchased at Zachys auctions in London is stored at Newcorp
Logistics located in Rotterdam, The Netherlands. The professional wine
warehouse is equipped with a state-of-the-art alarm system that is monitored 24
hours a day, 7 days a week. A refrigeration system provides ideal temperature,
and all wines are protected with a temperature alarm system, as well as a
backup generator. Rates are competitive, and the merchandise will not have to
be moved to another location.
Pickup
Wines can be picked up from Newcorp Logistics warehouse during working hours,
provided that payment for the lots has been received. Buyers can arrange to
collect their wine by appointment by phoning Zachys at +44.20.34758455. Please
provide at least 72 hours notice before coming to collect your purchases.
Newcorp Logistics
Sikkel 13
3274 KK Heinenoord
The Netherlands
Attention: Stefan van Beek
Stefan van Beek stefan@newcorplogistics.nl
Delivery
Purchases will not automatically be shipped. Once payment has been received,
arrangements can be made to deliver the wines to the Buyer to the primary
shipping address on the account. For further information or collection and
delivery assistance, please call +44.20.34758455 or email auction@zachys.com.
Original wooden cases and original cartons, when available, will be shipped
automatically at £1 per case, unless instructed otherwise.
Zachys can assist you in making arrangements to have the wine
purchased at auction shipped. All shipments will be subject to a 1% Protection
Fee charge. This Shipping Protection Fee provides protection against only
breakage, loss, theft or fire as covered by Zachys insurance while in transit
to the Buyer’s declared point of destination. Zachys and its forwarding agents
cannot be held responsible for any other changes to the wines during shipment.
Loss or breakage resulting from shipping that Zachys has arranged must be
reported to Zachys in writing within three days of delivery of the property,
which must be examined in the presence of the carrier on arrival. If Buyer
elects to decline the protection afforded by the Protection Fee, Buyer
thereupon assumes full risk and responsibility for the lot while in transit.
To ensure the safety of the wines, it may be necessary in some
shipments to repack the wines in protective shipping containers and to ship the
wooden cases separately at an additional charge.
Buyers are also reminded that various jurisdictions impose
limitations on the quantity of alcoholic beverages which may be purchased and
brought into their jurisdiction by a purchaser from another jurisdiction,
without requiring the purchaser, a consignor or shipper to possess certain
licenses or permits. Zachys makes no representation, and assumes no obligation,
as to the legality of shipment of alcoholic beverages into any jurisdiction.
Zachys urges all Buyers to investigate and understand the wine shipping laws
and regulations of the jurisdiction to which they intend the wine to be shipped
prior to the purchase of wines at auction. The protection afforded by the
Shipping Protection Fee does not cover confiscation by any government or law
enforcement agency as a result of alleged violations of applicable laws by
Sellers or Buyers.
Zachys will take precaution to ensure the safety of wines
against inclement weather conditions. This may include delaying shipments
during times of extreme high or low temperatures.
Delivery Charges
The following information is intended to give general advice to buyers
on the VAT and certain other potential tax implications of purchasing at Zachys
wine auctions. Reference to the following VAT symbols shall mean those symbols
located beside the lot number or the pre-sale estimates in the catalogue.
Buyers are responsible for the payment of any tax which Zachys may be required
by law to charge or remit to any authority in respect of or in connection with
the sale. All bids placed by Buyers are deemed to be submitted exclusive of any
VAT and/or any other applicable tax or duties, which shall (if required) be
payable by the Buyer at the appropriate rate.
The following VAT schemes are applicable to deliveries within the European
Union, as prescribed by the symbols accompanying each lot in this catalogue:
PROPERTY WITH A † (SINGLE DAGGER) SYMBOL
These lots are sold under normal VAT rules. VAT is applicable over the hammer
price, buyer’s premium and any additional charges (if applicable) at a VAT rate
prescribed by law. The goods under † do not qualify for a VAT margin scheme.
Terms of delivery and any corresponding VAT charges will be discussed with the
buyer after the auction on an individual basis.
PROPERTY WITH A ? (BLACK
DIAMOND) SYMBOL
These lots remain in bond (i.e. not in free EU VAT circulation). Please note
that VAT is applicable upon release of the goods into EU free circulation - on
request of buyer - over the hammer price, buyer’s premium and any additional
charges (if applicable) at a rate prescribed by law which is added to the
amount payable by the buyer. Terms of delivery will be discussed with buyer
after the auction on an individual basis with corresponding VAT charges if -
upon request of buyer - the goods will be released into EU free circulation.
PROPERTY WITH A ? (OPEN
TRIANGLE) SYMBOL
These lots are subject to a “margin scheme”, whereby only the buyer’s premium
and additional charges are taxed with VAT. The rate of buyer’s premium
including VAT on lots with this symbol is equal to 29.5%. Buyers eligible for
the margin scheme may also opt for the application of regular VAT rules, for
example, in case of a delivery of the goods outside the European Union or a
delivery within the European Union to a VAT registered buyer. The enhanced
buyer’s premium amount will be reflected on the buyer invoice. Terms of
delivery and any corresponding VAT charges will be discussed with the buyer
after the auction on an individual basis.
Dedicated Delivery
Zachys can assist with shipments to many international
destinations. Quotes vary based upon quantity and destination.
Please contact us at auction@zachys.com or 914.448.3026 to obtain a
quote.
Consolidated Shipments
Rotterdam - UK
Zachys
offers a free consolidated shipment to the United Kingdom, local delivery
charges will apply.
Rotterdam – New York
Zachys offers a free consolidated sea shipment to White Plains,
and subsidized air shipping to Zachys White Plains warehouse at a rate of GBP
£9 per 0.75L. Currency is determined by the origin of the shipment.
Zachys also offers clients based in the US competitive storage
options and rates. Please inquire at auction@zachys.com for more information.
Rotterdam – Hong Kong
Air Shipments to Hong Kong
Zachys offers subsidized air shipping to Zachys Hong Kong
warehouse at a rate of GBP £9 per 0.75L. Currency is determined by the
origin of the shipment.
.
Sea Shipments to Hong Kong
Zachys offers free consolidated shipping from Rotterdam to Zachys
Hong Kong warehouse several times a year.
Special Notices:
Split lots are available upon request for a fee.
Delivery charges will include any applicable tax, duty, tariffs, or other fees
as required by laws. Buyers are responsible for import tariffs at the
destination country.
Export/Import Permits
Alcoholic beverage products sold at auction may
be subject to laws governing export from the jurisdiction where the auction was
held and import restrictions of foreign countries. Buyers should always check
whether an export license is required before exporting alcoholic beverage
products. It is the Buyer's sole responsibility to obtain any relevant export
or import license. A delay in obtaining licenses shall neither justify the
rescission of any sale nor excuse delay in providing full payment for the lot.
Local laws may prohibit the importation of some property and/or may prohibit
the resale of some property in the country of importation; no such restriction
shall justify the rescission of any sale or delay in making full payment for
the lot.
Currency of fulfillment and
applicable fees are determined by the origin of the shipment.
Zachys is not responsible for any acts or
omissions of any shipper with whom Buyer, not Zachys, has made arrangements to
pack, ship or deliver purchased lots, including, without limitation, any
packing, shipping or delivery of purchased lots.
Adult signature is required for all shipments.
Please contact our Customer Service Department at +1.914.448.3026,
+852.2530.1971 or +44.20.34758455, or by email at auction@zachys.com or asia@zachys.com
with inquiries or for more information.