| Payment Terms |
PURCHASE PRICE AND PAYMENT. The "Purchase Price" for each lot shall equal the hammer price, buyer's premium, and sales tax if applicable, U.S. bidders may pay with cash, personal check, money order, bank check or wire transfer. Bidders outside the U. S. will be required to pay by wire transfer. Credit cards are accepted on an auction-by-auction basis - please contact the office prior to bidding in the auction to confirm payment options. Bidders unknown to Main Auction Galleries, Inc., may be asked to provide additional personal identity or banking information. Main Auction Galleries, Inc., reserves the right to hold a purchased lot until a check has cleared. A surcharge of 3% will be assessed to all credit card transactions.
Buyers who are present at the auction must pay the full Purchase Price at the time of the sale. Buyers who bid by telephone, by internet, or who are absentee bidders will be invoiced within 5 days after the close of the auction and must pay the full Purchase Price for each purchased lot within 14 days after the date of the invoice. No property will be released by Main Auction Galleries, Inc., unless the Purchase Price has been paid in full. Main Auction Galleries, Inc., may impose late charges of 1.5% per month (or the highest interest rate allowed) on any amount owed to Main Auction Galleries, Inc., that remains unpaid after 30 days. Buyer shall be liable for any collection costs or attorney's fees incurred by Main Auction Galleries, Inc., to collect payment, to the extent permitted by law.
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