Terms Of Sale

"Romano Auction" Public Auction House ("Romano Auction ") acts as agent for sellers of items to be offered for sale to the public ('the Sellers').
" Romano Auction " will produce a catalogue for every sale ('The Catalogue'), which will include a list of items available at the sale, their serial numbers and opening prices. For the avoidance of doubt, information provided in the Catalogue, including opening prices, descriptions of items and any other information concerning the items, are solely for the purpose of information for potential buyers and are in no way to be construed as stand and\or obligation on behalf of " Romano Auction " and\or its employees and\or representatives.
 Romano Auction " will appoint a person as manager of the sale ('the Auctioneer') who will be responsible on its behalf for the execution and management of the auction.
The Auctioneer reserves the right to prevent participation in the auction of any person. The auctioneer reserves the right to determine the winner of each lot, to cancel the sale of any item (even after it's sold) or to re-enter it for sale, at his own discretion and at any stage whatsoever. The auctioneer also has the right to withdraw or add items to the sale and to add or withdraw from the Catalogue any information about an item to be offered in the auction on the basis of information received by " Romano Auction " after publication of the Catalogue.
In order to participate in the auction, a potential purchaser must obtain a numbered paddle before the auction which will enable him to bid at the auction.
The auction will be conducted using US Dollars as currency.
On the fall of the hammer and the acknowledgment of the numbered paddle of the offeror by the Auctioneer, the offeror`s offer will be binding and will be considered to be accepted and title to the item will pass to the offeror whose offer was accepted ('the Purchaser'), subject to the fulfilment by the Purchaser of all payment obligations to " Romano Auction " as set out hereunder.
The amount mentioned in an offer at a sale by a Purchaser which is accepted ('the Hammer Price') shall be paid to " Romano Auction " by the Purchaser, together with the commission of 20% of the Hammer Price ('the Commission') and Israeli VAT on commision only. Payment to " Romano Auction " shall be effected immediately upon the conclusion of the auction but, at any event, not later than seven days after the date of the auction.
Payment can be made by cash or bank transfer with no commission. Payment by credit card involves a commission by the credit company for 3%. In cases which were approved in advance by " Romano Auction ", it is possible to pay by money order / bank drafts. Commission for overseas checks is 1.5%.
It is the responsibility of the buyer to take the purchased items, directly from the offices of " Romano Auction ", or by delivery service or courier on his behalf. In case a buyer requests - " Romano Auction " can, taking no responsibility for damages or loss, pack and ship the items, charging the buyer full costs of shipping and handling. For shipping charges - please contact " Romano Auction " offices. Price varies according to type of package, shipping method and country of destination.
Payments to " Romano Auction " shall be made in cash, credit card or bank transfer.
An item which is priced in US dollars will be calculated in New Israel Shekels in accordance with the representative rate of exchange as published by Israel Bank on the date of the auction or the day of payment, in any case the highr one.
A Purchaser is liable to pay interest on any delay in payment, at the rate of 2% per month of the amount payable, with adjustments to index-link all outstanding amounts payable to the Dollar Exchange Rate
The purchaser, whether for himself or for another, is obliged to pay for the items and take them. The auctioneer has the right to take any means he thinks appropriate to ensure the purchaser keeps his obligation, among these to cancel a sale, sell the item to another, charge the purchaser with any expenses caused to the auctioneer including interest and index linkage, sue for compensation, delay the release of the item and add all expenses to the sum due.
" Romano Auction " is responsible for the information given regarding the items' nature, originality and condition. However all information given by " Romano Auction ", in its capacity as agent for the consignor, and based on accumulated information and the experience of the its experts. It is entirely the responsibility of the prospective purchaser to check and inspect the items to determine condition, quality, authenticity, size, authorship during the allocated time prior to the auction. The purchaser may submit in writing, any doubts regarding the authenticity and condition of the item within 30 days of the sale. If it is proven to " Romano Auction " that there has clearly been an error in the information which was given relating to any item, " Romano Auction " shall refund any sums paid by the purchaser and the item shall be returned to the possession of " Romano Auction ". Subject to this obligation, the purchaser shall have no claims and\or further demands with respect to that item.
A purchaser is obliged to collect the purchased item and to fulfill his obligations to pay for the item no later than seven days from the date of the sale of the item. For the avoidance of doubt, the right to possession of the item will pass only once the purchaser has fully filled his payment obligations as set out in these conditions.
" Romano Auction " will represent, free of charge, potential purchasers who do not wish or who are unable to attend the auction. These potential purchasers are requested to complete the Rights to Bid form in the catalogue or website, no later than one day prior to auction. " Romano Auction " will not be liable, under no circumstances, for any error, emissions in connection therewith.
Any potential purchaser who wishes to participate in the auction via telephone shall make the necessary arrangements within a reasonable time before commencement of the auction.
The courts of Jerusalem, Israel, shall have the sole jurisdiction in any dispute between " Romano Auction " and the purchaser or any potential purchaser, based on the details of this agreement and\or related to the sale and\or to the transfer of any item.
 
Direct transfers (all expenses on the buyer) at Account name: Romano house of stamps ltd. Bank name: Bank Leumi Le Israel B.M. Bank Number : 110. Branch name: Lev Dizengof  Branch address: 50 Dizengof St. 64332 Tel Aviv, Branch Id. IL10806, Account Number 806-578500/25 Swift: LUMIILITTLV. IBN : IL56 0108 0600 0005 7850 025. Buyer carries the fees of $25 local bank fees.

BIDDING INCREMENTS

Please follow these Minimum bid increments

up to $50        $5                    $800-$1200 $80
$50-$100 $10 $1200-$1500 $120
$100-$200 $15 $1500-$2000 $120
$200-$400 $30 $2000-$4000 $200
$400-$600 $50 $4000-$10000 $400
$600-$800 $60 $10000-$20000       $500
    $20000 and Up Auctioneer decision

 

RETURNS - All lots are genuine as described. Any lot, which is incorrectly described, may be returned within 10 days of receipt and must be returned in the same condition as was originally sent. We will refund these lots completely including return postage.

  1. An item with faults, which is described as such, cannot be returned for any faulty condition.
  2. Covers, Postal History, Documents & Ephemera may include minor faults from postal transmission and/or reception. Minor file folds, ageing, edge faults, light wrinkling or back flap damage are NOT grounds for return. Serious or unusual faults are described.
  3. Stamps whose primary value is based upon the cancellation or postal marking may have small faults that will NOT be noted in the description and are NOT grounds for return.
  4. Lots which contain more then 8 items are not returnable.
  5. Lots marked with AS IS after the description are SOLD AS IS, NO RETURNS.

ACCEPTANCE - The placing of a bid shall constitute acceptance of the foregoing conditions of Sale