Terms & Conditions For One Larasati Arts Online-only Auction

 

 

Buying at Online Auction

The following pages are designed to give you useful information on how to buy at Larasati.com - Online Auction - herein referred to as One Larasati Arts.

 

Buyer's Surcharge

A buyer's surcharge is payable by the buyer of each lot at rate of 15% of the hammer price of the lot.

 

Viewing

All works are not available for viewing.

 

Collection

Lots will be able for collection (pick-up) by appointment at:
78 Lorong Limau
#18-75 Whampoa Dew
Singapore 320078

 

1. BEFORE THE AUCTION

 

Pre-sale Estimates

The pre-sale estimates are intended as a guide for prospective buyers. Any bid between the high and the low pre-sale estimates would, in our opinion, offer a fair chance of success. However, all lots, depending on the degree of competition, can release prices above the pre-sale estimates.

 

Reserves

The reserve is the minimum price the seller is willing to accept below which the lot will not be sold.

 

Condition of Lots

Physical viewing of the lots is not available. Instead, solely as a convenience, One Larasati Arts provide condition reports of each lot on the website. The absence of reference to the condition of a lot in the lot description does not imply that the lot is free from faults or imperfections.

2. THE AUCTION

 

Conditions of Business

The Auction is governed by the Conditions of Business available in this website. These Conditions of Business apply to all aspects of the relationship between One Larasati Arts and actual and prospective bidders and buyers. Anyone considering bidding in online auction should read them carefully.

 

Bidding at Online Auction

By placing a bid you confirm that you are satisfied with the picture or description of the Lots provided on the Website and that the information provided on the Website constitutes a sufficient level of information to enable you to make an informed decision to buy the Lot you are bidding for.

When you register with us, you will be required to supply your name, email address and other contact information. Please ensure that you keep your password secure. You must provide us with accurate and up-to-date information. You acknowledge that we may suspend or terminate your use of the Website if it appears any of the registration information provided by you is inaccurate in any material respect.

The Website may contain content which may be considered offensive or unsuitable for minors. Please also note that the Lots may contain images that may be harmful to or may be unsuitable to view by anyone under 18 years of age. It is the parents' or guardian's responsibility to ensure that access to such content is restricted for their children.

You must not take any action that may interfere with the Website insert into or submit through the Website any viruses, Trojans or any other variation on type or version of software or malware that could have the effect of compromising the operation of the Website.

You also agree not to undermine, manipulate or otherwise interfere with the bidding system, for example bidding to drive up the bid price, or bidding without intending to pay the bid price if you win the Auction.

We are not responsible for any imperfections in the execution of the computer programs by the server or by the computer itself.

Please note that there is a time lag between the real time current bid with the current bid shown on the computer screen especially when multiple biddings are taking place at more-or-less the same time.

Any breach by you of these Terms and Conditions will lead to the automatic termination of your right to access the Website and make a bid.

Please be aware that by bidding on any of the Lots you will be entering into a binding agreement by which you are committing to buy the Lot you have bid on and pay the price you have bid.

Once registered you will be able to bid by clicking on the icon of your chosen Lot and a new page will open. You will then be asked to confirm your bid. Once you have placed a bid, you will not have any right to withdraw or cancel that bid.

 

Bidding Increments

Bidding generally opens below the low estimates and advances in the following increments:

SGD 50 - 1,000	by	SGD 50
SGD 1 - 2,000	by	SGD 100
SGD 2 - 5,000	by	SGD 200
SGD 5 - 10,000	by	SGD 500
SGD 10,000 - and above	by	SGD 1,000

 

Please note that Prospective Buyers are allowed to bid up with an increment higher than the standard bidding increment.

 

Successful Bids

If your bid is successful, then you must make full payment using direct or electronic bank transfer within 48 hours after the end of the Auction. Invoice will be emailed to successful bidders within 8 hours after the end of the auction. Kindly note that there will not be any buyer's premium imposed on every purchase on this online auction.

 

Currency Conversion

Bidding is carried out in Singapore Dollars, but One Larasati Arts may provide a currency conversion for the convenience of bidders. Please note that figures shown in foreign currencies are only approximates and do not represent exact exchange rates. Payment will be requested in Singapore Dollars.

3. AFTER THE AUCTION

 

Payment

Payment must be made within 48 hours after the end of the Auction and may be made by transfer direct to One Larasati Arts Pte Ltd's account at:

Bank Name	: United Overseas Bank (UOB)
Branch	: Upper Bukit Timah, Singapore
Bank Code	: 7375
Branch Code	: 059
Account Name	: One Larasati Arts Pte Ltd
Account Number	: 3753082237
Swift Code	: UOVBSGSG

Please include your name and invoice number with your instructions to your bank. Property will not be released until full payment has cleared. One Larasati Arts does not accept credit cards as payment for purchase.

 

Collection

Lots will be able for collection (pick-up) by appointment at:

Singapore
78 Lorong Limau, #18-75 Whampoa Dew, Singapore 320078

 

Lots will be released to you or your authorized representative when full and cleared payment has been received by One Larasati Arts. Before collecting your purchase, for your own convenience we request you to make prior confirmation by telephone to Singapore: +65-67372130 or Jakarta: +6221-3156110 24 hours in advance.

 

Information on pick-up points is stated on description of each lot offered in this sale.

 

Should you ask us to arrange local delivery of your Lot to you, we will add charges to the final sales price in order to cover the costs of delivery and insurance. We will liaise with you regarding a suitable time for delivery but you acknowledge that delivery times cannot be guaranteed and you will make sure that the Lot can be received at the designated address on the appointed day.

 

Items retained will be covered by our insurance from the date of sale for a period of seven days or, if by then the goods have been collected, to the time of collection. After seven days or from the time of collection, whichever is the earlier, the lot will be entirely at the buyer's risk.

 

Storage and Insurance

All purchases will initially be held for collection at the saleroom at no charge. One Larasati Arts provides insurance cover for a maximum of seven days after the sale. If purchases are not collected within the time stated in the catalog, they will be deposited in the warehouse and charges will be incurred.

 

Packing and Handling

We shall use all reasonable effort to take care when handling and standard packing a purchased lot but remind the buyer that after seven days or from the time of collection, the lot is entirely at the buyer's risk. There will be charges for packing and handling arrangement.

 

Shipping

One Larasati Arts does not ship. You can have your own shipper handle your purchases. Please contact the shipper to arrange for packing and pick up your items. We requests that your shippers schedule pick up times at least 24 hours in advance, this will insure no delays in pick up and release of your purchases.

 

Any damage caused to the Lot in transit will be the responsibility of the successful bidder and transport agent. We will not be liable for any loss of or damage to the Lots in transit and we recommend that you put suitable insurance in place.

 

Please observe where the pick up point for every artwork offered on this online sale.