1. The auction is conducted on behalf and for the account of the owners of the goods and is subject to Austrian Trade regulations. Bids at the sale, by writing or telephone are taken to imply full acceptance of the condition of sale.

2. Description: The description of the material and the grading in the catalogue has been executed with great care. The photographs are part of the description and in case of doubt the text is authoritative.

3. Auctions procedure: Written bids and special wishes regarding a top limit i.e. the amount to which you would bid if you were attending the auctions yourself, or either/or bids etc. will be executed in the buyer's interest, free of charge, but we don't take any responsibility for it. Errors in bidding are the sole responsibility of the bidder and we strongly suggest mail bidders check the bid sheets carefully. Orders, when placed by telephone, are accepted only at the senders risk and the intending purchaser must give notice prior to the auction date. Bidders unknown to us must establish references before the auction, and deposit 25% of the bids submitted. This deposit will be applied to successful bids, with overage refunded.

The prices printed in the catalogue are minimum prices in Euro and bids below cannot be accepted. In the event of identical bids, the earliest will take precedence. The auctioneer will normally increase the bidding in 5-10% jumps. The highest bidder shall be the purchaser at a price which lies 10% above the penultimate bid. In the event of any dispute during floor bidding, the auctioneer has the right to re-open the bidding or recall the lot and put it up for sale again. In case of error in the catalogue the auctioneer will announce the correction and will sell the lot subject to this change, not regarding the written bids unless the intending purchaser has given notice that he is aware of it. All floor sales are final.

4. Prices: The hammered-price is according to VAT-regulations the basis for adding the buyer's premium of 20% (inclusive the VAT of 20% on the commission) to each lot.
Dealers within the EU, except Austria, receive the goods free of tax upon presentation of their VAT identification number.
Any buyer exterior to EU pays only a commission of 15% and the costs for delivery and insurance, as outlined below.

5. Shipment: Shipping is at the expense and risk of the buyer; handling and insurance charges will be added to invoices (Minimum charges: Europe: € 7,-, Non-European countries: € 10,-). We will arrange for the packing and dispatch your purchase worldwide. Insurance regulations require that losses or damage in shipment be reported to us immediately. All fees and taxes due abroad are the buyer's responsibility. Each bidder whether successful or not will receive within three weeks after the auction a list with the prices realized.

6. Payment: Sales strictly against cash in Euro. If nothing else is arranged in advance, bidders on the floor have to pay immediately. All other customers have to pay within 10 days upon receipt of goods or in case of advance payment, after an invoice is sent. After the period of 10 days has expired 5% interest are charged per month. Ownership of the lots shall not pass until payment in full of the purchased price is made. The buyer is responsible for attorney and other judicial fees and expenses involved in collection of any overdue debt. If the invoice is paid by credit card please understand that there is a 2,5 % surcharge for the use of the credit card. For a small amount (up to € 400,--) payment by credit card is more economical than a bank transfer. Otherwise credit our accounts:

Austria:
Postsparkasse Wien: IBAN AT53 6000 0000 0150 2600, BIC: OPSKATWW
Volksbanken Wien: IBAN AT59 4300 0406 2035 0005, BIC: VBWIATW!
Schelhammer & Schattera, Wien: IBAN AT89 1919 0001 1000 41852, BIC: BSSWATWW

Germany:
Postbank München: IBAN DE03 7001 0080 0120 080803, BIC: PNBKDEFF

Italy:
Banco Posta Vipiteno: IBAN IT73 K0760 1116 0000 0037 3723 72

Switzerland:
SWISS POST Zürich: IBAN: CH59 0900 0000 0467 9, BIC: POFICHBE

USA:
Chase Bank New York: Account no. 6650 1524 0465. Swift-Code: CHASUS33

7. Claims: All items in this sale are guaranteed genuine and as described. No lots may be returned by floor buyers except for reasons of authenticity. Complaints by mail bidders will only be considered if obvious defects have been overlooked and not described in the catalogue. Customers who collect the goods personally must take this claims upon receipt, absentee bidders within 8 days upon receiving the goods. No claims will be accepted after this date. For those clients who make advance payment, the period of recognizing claims ends five weeks after the auction date. The claimed lot must be in the same condition as delivered. Claims are handled on behalf of the owner or seller i.e. the person or company who instructed the auctioneer to offer the material for sale. We reserve for us the right to ask the buyer to turn directly to the owner with his claim. This will always be the case when the account with the seller has been settled.

8. Any and all disputes shall be subject to the exclusive jurisdiction of the Vienna courts, except for those to recover payment for lots sold hereunder which may be pursued wherever the buyers may be found.

9. The German version for the conditions of sale is definitive in the event of any disputes.

H.D.Rauch GmbH