TERMS and CONDITIONS
SALES TAX and BUYER’s PREMIUM: You agree to pay the Buyer's Premium on every item purchased. The Buyer's Premium is a percentage of the hammer price of each item added to the sale total for that item. The Buyer’s Premium is 20% of the hammer price. There is NO sales tax in New Hampshire.
LIVE BIDDING: Due to Covid-19 restrictions live attendance at the auction shall not be allowed. In its stead we are offering several alternatives, including our own live bidding software at SCHMITT HORAN ONLINE. Our standard 20% buyers premium rate applies. You may also bid live at INVALUABLE
LIVE AUCTIONEERS. There is an extra 5% fee charged by both Invaluable and Live Auctioneers for internet bidding. The total Buyer’s Premium, which includes the 5% fee, on all Invaluable / Live Auctioneers purchases is 25%. Pre-registration is required for all live bidding formats.
PHONE BIDS: On higher value items, you may register to bid via telephone. It is necessary to contact us at least to 72 hours prior to the auction to arrange for phone bidding. Pre-registration is required.
ABSENTEE or LEFT BIDS: In all cases, a left or absentee bid will be executed for as low a price as possible. Many absentee bids lose by only one bid, a frustration that can be reduced if a live person has authority to bid “one more time”. Therefore, we offer PLUS ONE (+1) bidding format to allow our absentee bidders to be more competitive, contact us for details. Bid forms are available on our web page or in the rear of the catalog. You may submit your bid online, by fax, snail mail or e-mail no later than 48 hours prior to the start of the auction to: firstname.lastname@example.org. Absentee bidding and phone bidding services are provided by Schmitt Horan & Co. as a courtesy to our clients. Schmitt Horan & Co. cannot be held responsible or liable for failure to receive or execute absentee bids.
ONLINE ABSENTEE BIDS: We have a sophisticated online and interactive absentee bidding system; see SCHMITT HORAN ONLINE. It is offered at no additional charge.
BUYER’S AGENT: As a response to Covid-19 restrictions we are increasing access to live bidding agents, who can independently execute your bids the day of the sale. This service provides an independent set of eyes to validate a potential purchase or to provide flexibility in spending needs. Other additional services provided by these agents include careful packing and flexible delivery options. Buyer’s Agents generally charge a commission on each successful sale, which they will discuss with you prior to executing your bids.
Agents available for our October 24, 2020 sale are listed below:
Watches, Clocks & Antiques
John Kovacik at email@example.com or (315) 823-1205
Clocks & Antiques
Rick Merritt at firstname.lastname@example.org or (610) 780-5979
Larry Morgan at email@example.com or (603) 548-0976
Russel Junck at firstname.lastname@example.org or (515) 249-3911
PAYMENT FOR ABSENTEE BIDS: We will normally notify successful bidders within seven days. We use e-mail to notify bidders and postal mail if a client does not have e-mail available. Personal checks in US$ are acceptable. We also accept VISA, Mastercard, Discover, American Express and Paypal, all subject to our standard 20% Buyer’s Premium. Note that shipping charges are extra and will be billed by Schmitt Horan & Co. or a third party at the time of shipment. Payment is due upon receipt of invoice, and no later than 30 days from the date of the auction. Items not paid for within the 30 days from the date of the auction will be charged a 2% monthly interest rate on the balance due. The buyer’s premium for bidders using Invaluable and Live Auctioneers is 20% for all forms of payment plus the 5% fee. Large international transactions may be performed via wire transfer. Details available upon request.
PICK UP IN LIEU OF SHIPPING: Purchases by absentee bidders, phone bidders or internet bidders may be picked up no sooner than 6 business days following the sale. You or your agent may arrange pickup by appointment at our office in Windham, NH. Please plan to settle your account at time of pick up. Items left in our custody for over 30 days from the date of the auction will be charged a storage fee of $25 per item per week, which must be paid before items are released. We shall not be held liable for damage occurring to any item left in our custody after 30 days from the date of the auction.
ITEMS & ACCESSORIES: It is the buyer’s responsibility to verify that he / she has received accessories that may be separate when taking possession of their merchandise. Items purchased by bidders off site are not available for pick up during the sale at the auction hall.
SHIPPING: We use outside companies to ship clocks that provides services worldwide: Please see
Payment and Shipping
for details. We may be able to offer “in-house” shipping on watches.
ESTIMATES: After each description, we have indicated a high and low dollar estimate that should be used as a general guide. The final price may vary considerably from these estimates.
RESERVES: There are few items in this sale with a reserve, or confidential minimum selling price, established with the consignor or vendor. Items failing to sell will be noted in the results sheet as $0.00.
ITEM DESCRIPTIONS & CONDITIONS: Employees do their best to aid and assist the customer, however any statements made by Schmitt Horan & Co. employees, agents or contractors are not considered a definitive record of what is being sold. The final record of what is being sold in a lot under any and all circumstances is the catalog provided by Schmitt Horan & Co., both printed and online. If there is a discrepancy between employee statements and the catalog, the catalog is the final and ultimate legal record of what is offered in the lot. We do our best to identify restoration, alteration or other condition issues in the condition report. We shall not be held liable for failure to do so. IT IS THE RESPONSIBILITY OF THE BUYER TO CONFIRM
CONDITION PRIOR TO BIDDING: If the lot description includes the words “as found” or “as is” the item is sold without any guarantees. All lots containing multiple items are considered in “AS IS” condition and cannot be returned. General maintenance items such as broken suspension springs, broken or missing weight cords, & missing keys are not mentioned. Most clocks and watches will require cleaning and service after purchase. All costs associated with this are the responsibility of the client. Dimensions are approximate.
PHOTOGRAPHS: Please note, some items when photographed, particularly watches, may have shadows, reflections or other marks that are a result of the photographic process and are not permanent. Both buyer and seller grant unrestricted use of auction lot photographs and prices realized to both Schmitt Horan & Co., LiveAuctioneers.com and to Invaluable.com.
RETURNS AND REFUNDS: Returns will be considered only for items that do not conform to catalog description. UNDER NO CIRCUMSTANCES WILL RETURNS BE ACCEPTED OR REFUNDS ISSUED LATER THAN 30 DAYS AFTER THE AUCTION. If there is a problem and a refund or adjustment is requested we ask to be notified within one week of the auction and require to be notified ABSOLUTELY no later than 30 days of the auction, no exceptions. Transit damage alone is not sufficient reason to return an item. We will assist in claims against transport companies.
DEFAULT and LITIGATION: REGISTRATION TO BID INDICATES ACCEPTANCE BY THE BIDDER OF THESE TERMS ENFORCEABLE AS A NEW HAMPSHIRE CONTRACT. Schmitt Horan & Co. will not be liable for default by either the buyer, consignor or the vendor. No purchase shall be claimed or removed until paid for in full. Schmitt Horan & Co. reserves the right to refuse to accept bids made by a defaulting buyer at any future auction and to collect all costs and attorney’s fees from the buyer associated with litigation and storage involving default. All legal disputes arising from this contract shall be disputed, litigated or mediated under New Hampshire law in the State of New Hampshire. All consignors or vendors are represented in our records by either name or a code directly associated with that name and are also a legal party to this contract.