TERMS and CONDITIONS
I commission Schmitt Horan & Co. to sell items as listed to the highest bidder at public auction.
I certify that I am the owner of the listed goods, or the lawful agent of the owner or estate, and that the goods are free from any liens or encumbrance.
I understand that Schmitt Horan & Co. is acting as my agent in this endeavor and that title shall not pass to the purchaser until the purchaser has paid for the goods.
A reserve or minimum sales price may be set for each item at a charge of 20% of the reserve if the item fails to reach reserve at auction.
A penalty equal to 25% of the low auction estimate will be assessed and collected from the consignor for any item(s) withdrawn before the auction.
I understand the availability of insurance for my goods at an additional charge of 1%.
Additional fees for transport, truck rental, repair etc. shall be listed separately and may be included with the consent of the consignor.
I agree that the charges detailed on this form shall be deducted from the final “hammer” price, resulting in net proceeds paid to consignor.
This agreement is governed by the laws State of New Hampshire and disputes regarding this contract shall be settled in NH.
Proceeds shall be mailed or delivered no later than 45 days after the date of the auction.