Terms and Conditions of Sale

* HOUSTON AUCTION COMPANY DOES NOT PROVIDE SHIPPING SERVICES OR SHIPPING QUOTES. WE CAN REFER SUCCESSFUL BIDDERS TO A NATIONAL/INTERNATIONAL SHIPPER*

**PAYMENT MUST BE MADE WITHIN FIVE WORKING DAYS OF THE SALE. PAYMENTS MAY BE MADE IN CASH (in-house only) OR BY PERSONAL CHECK, CASHIER'S CHECK, BANK WIRE TRANSFER, OR CREDIT CARD (credit card payment accepted up to a maximum amount of $5,000). Credit card payments in excess of $5,000 must be arranged directly with the auction house and will incur a 3% transaction fee on any amounts in excess of $5,000 including but not limited to; hammer price, buyer's premium, and any applicable sales tax. WE DO NOT ACCEPT PAYPAL OR AMERICAN EXPRESS**

***ALL SALES ARE "AS IS" "WHERE IS" WITHOUT ANY WARRANTIES WHATSOEVER. PLEASE SEE SECTIONS 2, 7, AND 8 BELOW IN WHICH ANY AND ALL EXPRESS AND IMPLIED WARRANTIES (INCLUDING WITHOUT LIMITATION ANY WARRANTY AGAINST REDHIBITORY DEFECTS) ARE WAIVED.***

1. Terms: cash, check, wire, Mastercard, Visa, or Discover (credit card payment accepted up to $5,000 maximum per invoice). All gold and jewelry purchases must be paid by wire transfer or cash. No other forms of payment will be accepted. Credit card payments in excess of $5,000 must be arranged directly with the auction house and will incur a 3% transaction fee on any amounts in excess of $5,000 including but not limited to; hammer price, buyer's premium, and any applicable sales tax.

2. Houston Auction Company, (a subsidiary of Simpson Galleries, LLC), has endeavored to catalogue and describe the property correctly; however, all property is sold "as is" "where is" and neither Houston Auction Company nor its consignors will be responsible for the description, genuineness, provenance, or condition of the property. All weights and dimensions are to be considered approximate. No statement contained in the catalogue, or made orally at the sale or elsewhere, shall be deemed to be such a warranty, representation, or an assumption of liability. ALL SALES ARE FINAL. NO REFUNDS.

3. In regard to the works of art contained in the catalogue, Houston Auction Company has endeavored to correctly describe and attribute authorship to the best of their knowledge and ability and through the use of outside experts; however, since authentication and/or attribution is a matter of scholarship and therefore subject to change, Houston Auction Company does not make any express or implied warranties, guarantees, or representations and strongly suggests that prior to bidding the buyer avail himself of his own expert, appraiser, or authenticator and rely solely on his advice or judgment.

4. The highest bidder acknowledged by the auctioneer shall be the purchaser. In the event of any dispute between bidders, the auctioneer shall have absolute discretion either to determine the successful bidder, in which event his determination shall be final, or to re-offer and re-sell the article in dispute. If any dispute arises after the sale, Houston Auction Company's sale record shall be conclusive as to who was the purchaser, the amount of the highest bid, and in all other respects.

5. Floor bids take precedence over any other bids regardless of date or time placed. The live auction console does not differentiate between left bids and live bids; therefore, the date and/or time a particular bid is placed has no bearing on which bid is accepted by the auctioneer. Any bidding service offered by Houston Auction Company, (whether it be absentee, phone, or live bidding), is done so as a courtesy. Houston Auction Company is not responsible for errors or for the failure to execute any bid for any reason.

6. No properties purchased during auction may be removed prior to end of session.

7. Defects are not necessarily noted in the catalogue.

8. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, IS MADE WITH RESPECT TO ANY DESCRIPTION CONTAINED IN THIS AUCTION. Any description of the items contained in this auction is for the sole purpose of identifying the items, and no description of items has been made part of the basis of the bargain or has created any express warranty that the goods would conform to any description made by the Auctioneer.

9. All shipping charges will be borne by the successful bidder. Purchased property must be collected within 14 days following the auction. Property not collected within 14 days of the close of the auction will be subject to a storage fee equal to 1.5% of the hammer price per day. Property not collected within 60 days of the close of the auction will be considered abandoned and any monies paid to Houston Auction Company, (or its parent company Simpson Galleries, LLC), by the purchaser will be considered liquidated damages.

10. A premium of 27% of the purchaser's bid will be added and is payable as part of the total price.

11. By registering to bid with Houston Auction Company you have elected to receive email communications from Houston Auction Company / Simpson Galleries, LLC including auction news and/or announcements. If you do not want to receive auction news and/or announcements from Houston Auction Company / Simpson Galleries, LLC you may unsubscribe at any time by selecting the “Unsubscribe” link at the bottom of the email or by contacting us at info@simpsongalleries.com or (713) 524-6751.

12. Placing a bid will indicate full understanding of and compliance with these conditions of sale.