A BRONZE FIGURE Thailand, 19th century h tot cm 100 Depicting a Buddha in an upright position with hands stretched forward.
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A BRONZE FIGURE Thailand, 19th century h tot cm 100 Depicting a Buddha in an upright position with hands stretched forward.
- These general terms of sale are aimed at buyers and suppliers of Marcopolo s.r.l. (hereinafter referred to as Marcopolo); these terms are available in the Auction Room, listed in the catalog relating to each auction and published on the auction house's official website www.marcopoloauctions.com/. Taking part in auctions implies full acceptance of these terms, without any exceptions or reserves. Buyers and sellers are required, if requested, to sign these terms prior to entering into any contractual commitments.
- Nature of the agreement: Marcopolo s.r.l. operates in the name and on behalf of the legitimate owners of items offered at auctions: it does not oblige nor acquire rights in its own right and the effects of the agreement occur directly between the buyer and seller. Marcopolo does not assume any obligation or liability other than those deriving from its status as agent and with the reservations and clarifications set out below in respect of sellers, buyers or third parties.
- Sellers' identity: Marcopolo protects the confidentiality of sellers' identity and personal data; it is not obliged to provide this information to successful bidders, except in cases where a dispute concerning the purchased item arises. This without prejudice to the possibility of processing personal data for the purposes in the context of Anti-Money Laundering.
- Description and display of items: Presentation, descriptions and photographs of items contained in the auction catalog and on the portal www.marcopoloauctions.com, despite being expressions of the best knowledge and skills of experts appointed by Marcopolo’s, their sole purpose is to identify lots. Under no circumstances shall any incompleteness or errors in descriptions or, in particular, the failure to identify defects or imperfections (such as: breakages, restorations, deficiencies or substitutions), constitute grounds for claims or disputes subsequent to the sale. In order to allow buyers to examine each individual lot and to personally verify its properties, each auction is preceded by an exhibition open to the public for at least two consecutive days, according to the times shown on-site and published on the auction house's official website www.marcopoloauctions.com and in accordance with any limitations imposed by the Authorities on health protection. Prior to the launch of an auction, the Sales Manager will be available to provide any useful explanations regarding items which, upon agreement with Marcopolo, can be examined by any means of investigation that do not cause damage to them and that do not affect the possibility of being examined by other interested parties. Buyers who make one or more bids without a prior personal inspection of the lot, but bid based only on photographs, the catalogue description and the form published on the website www.marcopoloauctions.com, do so at their own risk. It must be understood that, unless otherwise specified, all items sold at auction are used and in such conditions as sold, with all possible defects and imperfections that may arise, such as breakages, restorations, deficiencies or substitutions. Therefore, following a purchase during auction, claims are not admissible based on the state of conservation, classification, description, dating, attribution of purchased items, or due to defects, even if hidden, except for cases of malicious or intentional concealment by a seller. Antiques by their very nature may present restorations or modifications, such interventions can in no case be considered as hidden or latent defects. The state of mechanical operation of items is not guaranteed by the auction house and buyers purchase them at their own risk, without reserves and waiving all exceptions.
- Licenses, authorizations and permissions: Sellers and buyers are required to strictly comply with the law, including international laws, governing the sale, purchase and holding of items placed at auction. In order to respect of l. 150/92 and subsequent amendments and additions, objects featuring parts or components made of ivory, as well as of species protected by the CITES convention, are provided with a certificate attesting the production and the manufacturing before 1947. Marcopolo’s, its agents or its staff cannot be held liable for any damages incurred by buyers due to the import of goods which are prohibited or limited by their country of origin.
- Restrictions on the movement of certain goods: Marcopolo draws the attention of sellers and buyers to compliance with current regulations regarding the prohibition or limitation for exporting items of historical and artistic interest, with particular reference to the provisions of Italian Legislative Decree no. 42 of 22/1 / 2004 (Italian Cultural Heritage Code) and subsequent modifications and additions. Under no circumstances shall Marcopolo be held liable for the failure to issue a certificate on the free movement of a given good,
- Restrictions on the movement of certain goods: Marcopolo draws the attention of sellers and buyers to compliance with current regulations regarding the prohibition or limitation for exporting items of historical and artistic interest, with particular reference to the provisions of Italian Legislative Decree no. 42 of 22/1 / 2004 (Italian Cultural Heritage Code) and subsequent modifications and additions. Under no circumstances shall Marcopolo be held liable for the failure to issue a certificate on the free movement of a given good, restrictions determined by notifying the declaration of cultural interest, or by exercising the right of pre-emption on behalf of the Italian Government.
- Registration of auction participants: In order to ensure that the existing provisions in the context of Anti-Money Laundering are fulfilled, anyone interested in taking part in the auction must register, providing Marcopolo with the information and documents deemed necessary to identify them, including: residence, shipping address, email, telephone number, copy of a valid identity card or passport, tax code, VAT reg. number and bank account details. At the Auction House's discretion, a security deposit and additional information or references may be requested from buyers. The above documentation can also be sent by email to the following address [email protected]. Data sent will be processed in compliance with EU Regulation 2016/679 (GDPR). Customers will be required to send updated documentation if documents expire. Registered users will be issued a personal identification number or code which is necessary for submitting bids. Please note that for security purposes, Marcopolo’s premises are subject to video recording. Telephone calls e.g. telephone bidding may also be recorded.
- Taking part in auctions: Taking part in an auction is possible by making bids in the room, depositing or submitting written bids or by telephone or on-line communications. Written bids received before the opening of the tender must contain clear information on the lot and the price offered. Written bids shall be made at the minimum possible price with reference to other bids and at the reserve price. The purchase of lots by a person to be appointed or the transfer to third parties of lots won is not permitted.
- Telephone bidding service: Marcopolo offers its customers a telephone bidding service. Customers who wish to be phoned during auctions to a previously notified telephone number previously for one or more lots of interest, can request this in writing by email at [email protected], or by filling in the Bid sheets included in each Marcopolo's catalogue or which can be downloaded from the website at www.marcopoloauctions.com. For bidding on lots where bidders wish to make use of the telephone bidding service, the customer unconditionally accepts from the moment of his request to bid for the lot itself the basic auction value, and more precisely the first of the two prices indicated in the catalogue and on the website. In the event that no other bid is received during the auction, lots will be awarded to the person/entity that requested the service even if the latter has not confirmed their bid by telephone during the auction. Marcopolo shall not be held liable for any technical issues that may prevent or limit the telephone bidding service during auctions.
- Bids through web applets or third-party platforms: It is possible to submit bids, after registering and entering personal data, also through the website www.marcopoloauctions.com and the relevant web applet or by means of third-party web platforms. Bids submitted as above imply the unconditional acceptance of these general terms. Users who take part in auctions through the web applet of the website www.marcopoloauctions.com or third-party platforms are aware that during the auction about 100 lots are auctioned per hour: therefore, the correspondence of data on bids shown by the web applet of Marcopolo or by third-party web platforms with any increasing offers made in the Room cannot be guaranteed, with the consequence that the latter may be higher and prevail. The Sales Manager present in the room is the only party entitled to ratify rising bids during auctions.
- Use of the website and telephone and on-line services: The use of the www.marcopoloauctions.com website is free and takes place at the user's risk. Marcopolo, its agents or staff cannot be held liable for damages or inconveniences due to problems related to the use of the website www.marcopoloauctions.com nor due to technical problems related to telephone lines or internet connection, or for the non-execution of bids submitted by telephone or on-line. It is forbidden for users of the website www.marcopoloauctions.com to use the site itself and the relevant services for illicit or purposes contrary to these contractual terms. Marcopolo reserves the right to exclude, at its sole discretion, any user from accessing the website www.marcopoloauctions.com and relevant services. All equipment made available by Marcopolo on the website www.marcopoloauctions.com and by means of the relevant services (including: texts, graphics, photographs, advertising images, etc.), is protected, even criminally, by the current Italian copyright law. Marcopolo cannot be held liable in any case for issues and damages suffered by customers due to links to third-party sites on the www.marcopoloauctions.com platform or for damages deriving from the use of third-party platforms.
- Exclusion from auctions: The Sales Manager, at his sole discretion, has the right to exclude from participation in the auction persons who may disrupt its normal exercise as, by way of example but not limited to the following: parties who interfere, who trade in the room, who are late in making payments, regardless of the reason, due to Marcopolo or that have a dispute open both in court and out of court, or those who have been convicted of crimes concerning trade or patrimony.
- Auction mode: Individual lots are sold to the highest bidder, for cash and in Euro. Bids on the increase during the bidding process cannot be less than 5% of the previous bid. Any purchase offers for a price lower than the auction's reserve price (which, if not further specified, shall never be lower than the minimum bid price), may be considered only outside the auction and after that, at the sole discretion of Marcopolo and prior written consent of the seller or owner. Lots are awarded by the Sales Manager who ratifies their award. Disputes regarding the priority or timeliness of bids are decided on the spot, at the Sales Manager's discretion. In the event that two winning bids are equivalent, the assignment of the lot to one of the two bids is at the Sales Manager's discretion. In all cases of dispute, it remains understood that the Director of Sales may cancel disputed transactions and repeat an auction, in the same auction session or in the one immediately following it, for a starting price equal to the highest bid received in the room or in writing and not disputed.
- Changes to lots: The Sales Manager has the right to withdraw lots from the auction, change the order of lots, merge multiple lots among those for sale, or divide items already catalogued as single lot into several lots, establishing new prices generated by these initiatives.
- Auction fees and ancillary charges: Auction fees, equal to 28% (twenty eight percent) of the price reached at auction or expressed in the written purchase bid must be added to the purchase price that results from the event. In addition, any additional tax and / or ancillary charges shall be borne by the purchaser. Any duty, tax or rate, as well as any cost to export or import the purchased goods will be charged to the buyer.
- Terms and methods of payment: Payment of the auction price and auction fees for lots awarded, with the relevant ancillary expenses, must be made within 7 days from the end of the auction, upon issuance of invoice notice in paper or digital format. The payment of precious goods must be done within the day ensuing the awarding.
- Buyers present in the room must make payment of the purchase price, auction fees and relevant ancillary expenses immediately following the award of an item. The transfer of ownership of awarded property is finalized at the time of payment of the purchase price, auction fees and relevant ancillary expenses. In the event of non-payment or late payment, Marcopolo may at its sole discretion (having informed the seller) exercise one or more of the following remedies: (a) proceed legally in order to request the compulsory execution of the obligation to conclude the agreement; (b) cancel the sale of the lot and sell it through auction or private treaty, charging the defaulting bidder every greater cost and damages and withholding any advance payments received for this purpose; (c) reject future bids from the buyer or render such bids subject to payment of a deposit. In all cases of non-payment or late payment, lots will remain in storage at Marcopolo Auction House at the successful bidder's risk and expense, until sold or collected by the seller. Unless specifically agreed with the Seller, the precious objects that cannot be kept on storage constitute an exception. Foreign buyers are required to pay Italian taxes on the service (V.A.T).
- Collection of purchased lots: Purchased goods must be collected at Marcopolo within 48 hours of payment of the invoice notice referred to in section 15 above at the buyer's expense and risk. Precious objects can be collected in person the day ensuing the auction: afterwards they will be sent via insured shipping by the Mailboxes at the buyer’s expense. If the buyer pays the purchase price and buyer’s expenses but fails to collect a purchased lot within thirty calendar days of the auction, the lot will be stored at the buyer’s expense (and risk) at Marcopolo or with a third party. If a purchased lot is paid for but not collected within six months of the auction, the buyer authorize Marcopolo, having given notice to the buyer, to arrange a resale of the item by auction or private sale, with estimates and reserves at Marcopolo discretion. The proceeds of such sales, less al costs incurred by Marcopolo, will be forfeited unless collected by the buyer within two years of the original auction.
- Lot shipments: Marcopolo does not ship the lots. If required, the service can be assigned to an external shipping agency that has an agreement with the Auction House; the buyer will have a direct relationship with the agency, also in the context of releasing the invoice that includes costs for administration, packing, labor, shipping and insurance and has to be paid immediately.
- Shipping times therefore do not depend on the auction house, but on the timing of the forwarding agents and the timing of the issuance of export certificates by the Superintendency of Fine Arts.
- Shipping by the buyer: In a situation where the carrier is identified by the buyer, it is the latter's responsibility to immediately notify the identity to Marcopolo; the buyer is also required to issue specific written clearance to Marcopolo for delivery to a courier of purchased lots, without prejudice to the need to have all the necessary authorizations for transporting and exporting individual items.
- Courier packaging: Marcopolo reserves the right to provide the shipping agency with any information and recommendation on the lots’ packing procedures. The goods shipped outside Italy must be provided with a commercial invoice indicating value and type of goods.
- Damage to shipped goods: Marcopolo will not be liable for any damage suffered from the goods after the delivery to the shipping agency. All packing and handling is at the buyer’s risk.
- Nature of auctioned goods: All goods placed at auction must be considered as used and supplied as antiques or as products to be repaired and refurbished in accordance with and for the purposes of Art. 3 paragraph 1 lett. e) of Italian Legislative Decree 206/2005 (Italian Consumer Code) and subsequent amendments.
- Exclusion of the right of withdrawal: Pursuant to Art. 59 of Italian Legislative Decree 206/2005 and subsequent amendments the right of withdrawal with respect to any lot are excluded.
- Extension of sales terms: These general terms apply, to the extent compatible, also to any subsequent purchases following the auction of lots not awarded.
- Changes to the general terms: Marcopolo reserves the right to modify these terms and conditions at its own absolute discretion, at any time and without prior notice. Auction participants shall be liable for checking updates published according to the procedures set out in point 1.
- Jurisdiction: Any dispute concerning the application, interpretation or breach of this agreement shall be referred to the exclusive jurisdiction of the Court of Milan.
Condition of lots
Potential buyers are encouraged to inspect the objects during pre-sale exhibitions. For information only, Marcopolo Asian Art can provide a condition report. The absence of references to the condition of a lot in the catalogue description does not imply that the lot is free of defects or imperfections. Please refer to condition 4 of the General Conditions of Sale.
Conditions of sale
Marcopolo Asian Art requires an amount of €5,000 as a deposit to authorise you to bid on lots. Marcopolo Asian Art also reserves the right to request higher and cumulative amounts for lots marked in the catalogue as PREMIUM lots, lots for which only telephone and room bids will be accepted.
Furthermore, the auction house may, at its discretion, request additional guarantees for one or more lots.
Therefore, the customer is requested to contact the auction house at least 4 days before the auction date to allow for proper pre-registration and to know the amount of the deposit to be paid, making sure that this amount arrives at least 3 working days before the sale.
It will not be possible for the auctioneer to obtain financial references on weekends or public holidays. The required deposit must be paid in Euros by bank transfer or credit/debit card, in the latter case a pre-authorization of € 5,000 will be made in order to be accepted to participate in the auction after registration.
In the case of cash payments, amounts not exceeding € 4,999 will be accepted, in accordance with the regulations in force regarding cash circulation limits. The payment of the auction invoice, as stated in the conditions of sale, shall be made within 7 days from the date of the auction. If the customer has not paid the balance within this deadline or does not express an intention to pay their invoice otherwise, the auction house reserves the right to:
-charge the pre-authorisation made by credit card, made at the time of approval and registration for the auction, as the invoice balance (if the amount due is less than the authorised deposit) or as an advance to the invoice itself if the amount due is higher.
-withhold the bank deposit (in case of deposit payment by bank transfer) as partial or full invoice payment . In the latter case, the excess will be refunded.
In both cases, after a further 7 days, the auction house may cancel the sale and retain the entire deposit as a penalty for the failed sale, reserving all rights to open a dispute to recover the full amount due. The auctioneer shall not accept any objection to such handling of the unpaid amount.
In the event that a customer is not awarded a lot, Marcopolo Asian Art will re-issue a refund (subject to the right of set-off) for the amount of the deposit paid by the customer without interest within 3 business days from the date of the sale. Any exchange losses or fees associated with the refund will be borne by the customer.
For more information, please refer to the General Sales Conditions.
How to partecipate in the auction
The auctions are open to the public and without any obligation to purchase. The lots are usually sold in progressive numerical order as shown in the catalog. The sales rate is approximately 90-100 lots per hour but may vary depending on the nature of the objects.
Written and telephone offers
If it is not possible to attend the auction, Marcopolo s.r.l. may participate in the purchase of the lots on your behalf.
To access this service, which is completely free, you must submit the appropriate form that you will find on the webiste, at the bottom of the catalog or at our offices with a photocopy of an identity document attached.
The lots will eventually be purchased at the lowest price made possible by the other offers in the room.
In case of offers of the same amount on the same lot, the one received first will take precedence.
Marcopolo s.r.l. it also offers its customers the possibility of being contacted by telephone during the auction to compete for the purchase of the proposed lots. It will be sufficient to submit a written request which must be received by 10.00 on the day of sale, without prejudice to the right of Marcopolo s.r.l. to request, at its discretion, a security deposit to enable the potential customer to bid at auction, which must be received within 3 working days before the date of the sale; Marcopolo s.r.l. therefore invites any potential customer to contact the auction house within a reasonable time to make sure that there is no restriction on the lots of his interest for submitting bids.
This service will be guaranteed within the limits of the availability of the lines at the time and in order of receipt of requests. In view of the foregoing, we recommend that you still report an offer that will allow us to act on your behalf only if it is impossible to contact you.
Raise
The starting price is usually lower than the estimate indicated in the catalog and the bids are approximately equal to 10% of the last measure. In any case, the Auctioneer may vary the bids during the auction.
For more information, please refer to the How to buy.
Marcopolo Asian Art does not carry out any shipping or packaging service. If requested, the service can be entrusted to an external shipping agency that has an agreement with the Auction House, Mail Boxes Etc. 0371 with headquarters in Sarzana (SP), Via XX Settembre, 65; the buyer will have a direct relationship with the agency, including the issuing of the invoice that includes the costs of administration, packaging, labour, shipping and insurance. Simply send the adjudicated lot number to their email ([email protected]) and Mail Boxes 0371 will provide an estimate. Alternatively, the customer may use a forwarding agent of his choice and arrange collection as long as the lots are collected no later than 8 January 2024. After this deadline, if the customer does not communicate otherwise, the lots shall be transferred to the warehouse of the aforementioned forwarding agent. Therefore, any communication regarding withdrawals after 8 January 2024 must be undertaken with Mail Boxes Etc. 0371. From the moment the lots are handed over to the forwarding agent, the auction house will not assume any responsibility for them.
Shipping will be entirely at the customer's expense and it is not excluded that the forwarding agent in charge may charge additional storage costs.
Marcopolo Asian Art will not carry out the paperwork for the free movement certificates and assumes no responsibility for the issuance of the free export permit (ALC) and therefore the initiation of any paperwork will in any case be subsequent to the payment of the lot in question. For this service, an estimate for the necessary paperwork can be requested from Mail Boxes Etc. 0371.
For other information, please refer to the General Terms and Conditions.
- These general terms of sale are aimed at buyers and suppliers of Marcopolo s.r.l. (hereinafter referred to as Marcopolo); these terms are available in the Auction Room, listed in the catalog relating to each auction and published on the auction house's official website www.marcopoloauctions.com/. Taking part in auctions implies full acceptance of these terms, without any exceptions or reserves. Buyers and sellers are required, if requested, to sign these terms prior to entering into any contractual commitments.
- Nature of the agreement: Marcopolo s.r.l. operates in the name and on behalf of the legitimate owners of items offered at auctions: it does not oblige nor acquire rights in its own right and the effects of the agreement occur directly between the buyer and seller. Marcopolo does not assume any obligation or liability other than those deriving from its status as agent and with the reservations and clarifications set out below in respect of sellers, buyers or third parties.
- Sellers' identity: Marcopolo protects the confidentiality of sellers' identity and personal data; it is not obliged to provide this information to successful bidders, except in cases where a dispute concerning the purchased item arises. This without prejudice to the possibility of processing personal data for the purposes in the context of Anti-Money Laundering.
- Description and display of items: Presentation, descriptions and photographs of items contained in the auction catalog and on the portal www.marcopoloauctions.com, despite being expressions of the best knowledge and skills of experts appointed by Marcopolo’s, their sole purpose is to identify lots. Under no circumstances shall any incompleteness or errors in descriptions or, in particular, the failure to identify defects or imperfections (such as: breakages, restorations, deficiencies or substitutions), constitute grounds for claims or disputes subsequent to the sale. In order to allow buyers to examine each individual lot and to personally verify its properties, each auction is preceded by an exhibition open to the public for at least two consecutive days, according to the times shown on-site and published on the auction house's official website www.marcopoloauctions.com and in accordance with any limitations imposed by the Authorities on health protection. Prior to the launch of an auction, the Sales Manager will be available to provide any useful explanations regarding items which, upon agreement with Marcopolo, can be examined by any means of investigation that do not cause damage to them and that do not affect the possibility of being examined by other interested parties. Buyers who make one or more bids without a prior personal inspection of the lot, but bid based only on photographs, the catalogue description and the form published on the website www.marcopoloauctions.com, do so at their own risk. It must be understood that, unless otherwise specified, all items sold at auction are used and in such conditions as sold, with all possible defects and imperfections that may arise, such as breakages, restorations, deficiencies or substitutions. Therefore, following a purchase during auction, claims are not admissible based on the state of conservation, classification, description, dating, attribution of purchased items, or due to defects, even if hidden, except for cases of malicious or intentional concealment by a seller. Antiques by their very nature may present restorations or modifications, such interventions can in no case be considered as hidden or latent defects. The state of mechanical operation of items is not guaranteed by the auction house and buyers purchase them at their own risk, without reserves and waiving all exceptions.
- Licenses, authorizations and permissions: Sellers and buyers are required to strictly comply with the law, including international laws, governing the sale, purchase and holding of items placed at auction. In order to respect of l. 150/92 and subsequent amendments and additions, objects featuring parts or components made of ivory, as well as of species protected by the CITES convention, are provided with a certificate attesting the production and the manufacturing before 1947. Marcopolo’s, its agents or its staff cannot be held liable for any damages incurred by buyers due to the import of goods which are prohibited or limited by their country of origin.
- Restrictions on the movement of certain goods: Marcopolo draws the attention of sellers and buyers to compliance with current regulations regarding the prohibition or limitation for exporting items of historical and artistic interest, with particular reference to the provisions of Italian Legislative Decree no. 42 of 22/1 / 2004 (Italian Cultural Heritage Code) and subsequent modifications and additions. Under no circumstances shall Marcopolo be held liable for the failure to issue a certificate on the free movement of a given good,
- Restrictions on the movement of certain goods: Marcopolo draws the attention of sellers and buyers to compliance with current regulations regarding the prohibition or limitation for exporting items of historical and artistic interest, with particular reference to the provisions of Italian Legislative Decree no. 42 of 22/1 / 2004 (Italian Cultural Heritage Code) and subsequent modifications and additions. Under no circumstances shall Marcopolo be held liable for the failure to issue a certificate on the free movement of a given good, restrictions determined by notifying the declaration of cultural interest, or by exercising the right of pre-emption on behalf of the Italian Government.
- Registration of auction participants: In order to ensure that the existing provisions in the context of Anti-Money Laundering are fulfilled, anyone interested in taking part in the auction must register, providing Marcopolo with the information and documents deemed necessary to identify them, including: residence, shipping address, email, telephone number, copy of a valid identity card or passport, tax code, VAT reg. number and bank account details. At the Auction House's discretion, a security deposit and additional information or references may be requested from buyers. The above documentation can also be sent by email to the following address [email protected]. Data sent will be processed in compliance with EU Regulation 2016/679 (GDPR). Customers will be required to send updated documentation if documents expire. Registered users will be issued a personal identification number or code which is necessary for submitting bids. Please note that for security purposes, Marcopolo’s premises are subject to video recording. Telephone calls e.g. telephone bidding may also be recorded.
- Taking part in auctions: Taking part in an auction is possible by making bids in the room, depositing or submitting written bids or by telephone or on-line communications. Written bids received before the opening of the tender must contain clear information on the lot and the price offered. Written bids shall be made at the minimum possible price with reference to other bids and at the reserve price. The purchase of lots by a person to be appointed or the transfer to third parties of lots won is not permitted.
- Telephone bidding service: Marcopolo offers its customers a telephone bidding service. Customers who wish to be phoned during auctions to a previously notified telephone number previously for one or more lots of interest, can request this in writing by email at [email protected], or by filling in the Bid sheets included in each Marcopolo's catalogue or which can be downloaded from the website at www.marcopoloauctions.com. For bidding on lots where bidders wish to make use of the telephone bidding service, the customer unconditionally accepts from the moment of his request to bid for the lot itself the basic auction value, and more precisely the first of the two prices indicated in the catalogue and on the website. In the event that no other bid is received during the auction, lots will be awarded to the person/entity that requested the service even if the latter has not confirmed their bid by telephone during the auction. Marcopolo shall not be held liable for any technical issues that may prevent or limit the telephone bidding service during auctions.
- Bids through web applets or third-party platforms: It is possible to submit bids, after registering and entering personal data, also through the website www.marcopoloauctions.com and the relevant web applet or by means of third-party web platforms. Bids submitted as above imply the unconditional acceptance of these general terms. Users who take part in auctions through the web applet of the website www.marcopoloauctions.com or third-party platforms are aware that during the auction about 100 lots are auctioned per hour: therefore, the correspondence of data on bids shown by the web applet of Marcopolo or by third-party web platforms with any increasing offers made in the Room cannot be guaranteed, with the consequence that the latter may be higher and prevail. The Sales Manager present in the room is the only party entitled to ratify rising bids during auctions.
- Use of the website and telephone and on-line services: The use of the www.marcopoloauctions.com website is free and takes place at the user's risk. Marcopolo, its agents or staff cannot be held liable for damages or inconveniences due to problems related to the use of the website www.marcopoloauctions.com nor due to technical problems related to telephone lines or internet connection, or for the non-execution of bids submitted by telephone or on-line. It is forbidden for users of the website www.marcopoloauctions.com to use the site itself and the relevant services for illicit or purposes contrary to these contractual terms. Marcopolo reserves the right to exclude, at its sole discretion, any user from accessing the website www.marcopoloauctions.com and relevant services. All equipment made available by Marcopolo on the website www.marcopoloauctions.com and by means of the relevant services (including: texts, graphics, photographs, advertising images, etc.), is protected, even criminally, by the current Italian copyright law. Marcopolo cannot be held liable in any case for issues and damages suffered by customers due to links to third-party sites on the www.marcopoloauctions.com platform or for damages deriving from the use of third-party platforms.
- Exclusion from auctions: The Sales Manager, at his sole discretion, has the right to exclude from participation in the auction persons who may disrupt its normal exercise as, by way of example but not limited to the following: parties who interfere, who trade in the room, who are late in making payments, regardless of the reason, due to Marcopolo or that have a dispute open both in court and out of court, or those who have been convicted of crimes concerning trade or patrimony.
- Auction mode: Individual lots are sold to the highest bidder, for cash and in Euro. Bids on the increase during the bidding process cannot be less than 5% of the previous bid. Any purchase offers for a price lower than the auction's reserve price (which, if not further specified, shall never be lower than the minimum bid price), may be considered only outside the auction and after that, at the sole discretion of Marcopolo and prior written consent of the seller or owner. Lots are awarded by the Sales Manager who ratifies their award. Disputes regarding the priority or timeliness of bids are decided on the spot, at the Sales Manager's discretion. In the event that two winning bids are equivalent, the assignment of the lot to one of the two bids is at the Sales Manager's discretion. In all cases of dispute, it remains understood that the Director of Sales may cancel disputed transactions and repeat an auction, in the same auction session or in the one immediately following it, for a starting price equal to the highest bid received in the room or in writing and not disputed.
- Changes to lots: The Sales Manager has the right to withdraw lots from the auction, change the order of lots, merge multiple lots among those for sale, or divide items already catalogued as single lot into several lots, establishing new prices generated by these initiatives.
- Auction fees and ancillary charges: Auction fees, equal to 28% (twenty eight percent) of the price reached at auction or expressed in the written purchase bid must be added to the purchase price that results from the event. In addition, any additional tax and / or ancillary charges shall be borne by the purchaser. Any duty, tax or rate, as well as any cost to export or import the purchased goods will be charged to the buyer.
- Terms and methods of payment: Payment of the auction price and auction fees for lots awarded, with the relevant ancillary expenses, must be made within 7 days from the end of the auction, upon issuance of invoice notice in paper or digital format. The payment of precious goods must be done within the day ensuing the awarding.
- Buyers present in the room must make payment of the purchase price, auction fees and relevant ancillary expenses immediately following the award of an item. The transfer of ownership of awarded property is finalized at the time of payment of the purchase price, auction fees and relevant ancillary expenses. In the event of non-payment or late payment, Marcopolo may at its sole discretion (having informed the seller) exercise one or more of the following remedies: (a) proceed legally in order to request the compulsory execution of the obligation to conclude the agreement; (b) cancel the sale of the lot and sell it through auction or private treaty, charging the defaulting bidder every greater cost and damages and withholding any advance payments received for this purpose; (c) reject future bids from the buyer or render such bids subject to payment of a deposit. In all cases of non-payment or late payment, lots will remain in storage at Marcopolo Auction House at the successful bidder's risk and expense, until sold or collected by the seller. Unless specifically agreed with the Seller, the precious objects that cannot be kept on storage constitute an exception. Foreign buyers are required to pay Italian taxes on the service (V.A.T).
- Collection of purchased lots: Purchased goods must be collected at Marcopolo within 48 hours of payment of the invoice notice referred to in section 15 above at the buyer's expense and risk. Precious objects can be collected in person the day ensuing the auction: afterwards they will be sent via insured shipping by the Mailboxes at the buyer’s expense. If the buyer pays the purchase price and buyer’s expenses but fails to collect a purchased lot within thirty calendar days of the auction, the lot will be stored at the buyer’s expense (and risk) at Marcopolo or with a third party. If a purchased lot is paid for but not collected within six months of the auction, the buyer authorize Marcopolo, having given notice to the buyer, to arrange a resale of the item by auction or private sale, with estimates and reserves at Marcopolo discretion. The proceeds of such sales, less al costs incurred by Marcopolo, will be forfeited unless collected by the buyer within two years of the original auction.
- Lot shipments: Marcopolo does not ship the lots. If required, the service can be assigned to an external shipping agency that has an agreement with the Auction House; the buyer will have a direct relationship with the agency, also in the context of releasing the invoice that includes costs for administration, packing, labor, shipping and insurance and has to be paid immediately.
- Shipping times therefore do not depend on the auction house, but on the timing of the forwarding agents and the timing of the issuance of export certificates by the Superintendency of Fine Arts.
- Shipping by the buyer: In a situation where the carrier is identified by the buyer, it is the latter's responsibility to immediately notify the identity to Marcopolo; the buyer is also required to issue specific written clearance to Marcopolo for delivery to a courier of purchased lots, without prejudice to the need to have all the necessary authorizations for transporting and exporting individual items.
- Courier packaging: Marcopolo reserves the right to provide the shipping agency with any information and recommendation on the lots’ packing procedures. The goods shipped outside Italy must be provided with a commercial invoice indicating value and type of goods.
- Damage to shipped goods: Marcopolo will not be liable for any damage suffered from the goods after the delivery to the shipping agency. All packing and handling is at the buyer’s risk.
- Nature of auctioned goods: All goods placed at auction must be considered as used and supplied as antiques or as products to be repaired and refurbished in accordance with and for the purposes of Art. 3 paragraph 1 lett. e) of Italian Legislative Decree 206/2005 (Italian Consumer Code) and subsequent amendments.
- Exclusion of the right of withdrawal: Pursuant to Art. 59 of Italian Legislative Decree 206/2005 and subsequent amendments the right of withdrawal with respect to any lot are excluded.
- Extension of sales terms: These general terms apply, to the extent compatible, also to any subsequent purchases following the auction of lots not awarded.
- Changes to the general terms: Marcopolo reserves the right to modify these terms and conditions at its own absolute discretion, at any time and without prior notice. Auction participants shall be liable for checking updates published according to the procedures set out in point 1.
- Jurisdiction: Any dispute concerning the application, interpretation or breach of this agreement shall be referred to the exclusive jurisdiction of the Court of Milan.
Condition of lots
Potential buyers are encouraged to inspect the objects during pre-sale exhibitions. For information only, Marcopolo Asian Art can provide a condition report. The absence of references to the condition of a lot in the catalogue description does not imply that the lot is free of defects or imperfections. Please refer to condition 4 of the General Conditions of Sale.
Conditions of sale
Marcopolo Asian Art requires an amount of €5,000 as a deposit to authorise you to bid on lots. Marcopolo Asian Art also reserves the right to request higher and cumulative amounts for lots marked in the catalogue as PREMIUM lots, lots for which only telephone and room bids will be accepted.
Furthermore, the auction house may, at its discretion, request additional guarantees for one or more lots.
Therefore, the customer is requested to contact the auction house at least 4 days before the auction date to allow for proper pre-registration and to know the amount of the deposit to be paid, making sure that this amount arrives at least 3 working days before the sale.
It will not be possible for the auctioneer to obtain financial references on weekends or public holidays. The required deposit must be paid in Euros by bank transfer or credit/debit card, in the latter case a pre-authorization of € 5,000 will be made in order to be accepted to participate in the auction after registration.
In the case of cash payments, amounts not exceeding € 4,999 will be accepted, in accordance with the regulations in force regarding cash circulation limits. The payment of the auction invoice, as stated in the conditions of sale, shall be made within 7 days from the date of the auction. If the customer has not paid the balance within this deadline or does not express an intention to pay their invoice otherwise, the auction house reserves the right to:
-charge the pre-authorisation made by credit card, made at the time of approval and registration for the auction, as the invoice balance (if the amount due is less than the authorised deposit) or as an advance to the invoice itself if the amount due is higher.
-withhold the bank deposit (in case of deposit payment by bank transfer) as partial or full invoice payment . In the latter case, the excess will be refunded.
In both cases, after a further 7 days, the auction house may cancel the sale and retain the entire deposit as a penalty for the failed sale, reserving all rights to open a dispute to recover the full amount due. The auctioneer shall not accept any objection to such handling of the unpaid amount.
In the event that a customer is not awarded a lot, Marcopolo Asian Art will re-issue a refund (subject to the right of set-off) for the amount of the deposit paid by the customer without interest within 3 business days from the date of the sale. Any exchange losses or fees associated with the refund will be borne by the customer.
For more information, please refer to the General Sales Conditions.
How to partecipate in the auction
The auctions are open to the public and without any obligation to purchase. The lots are usually sold in progressive numerical order as shown in the catalog. The sales rate is approximately 90-100 lots per hour but may vary depending on the nature of the objects.
Written and telephone offers
If it is not possible to attend the auction, Marcopolo s.r.l. may participate in the purchase of the lots on your behalf.
To access this service, which is completely free, you must submit the appropriate form that you will find on the webiste, at the bottom of the catalog or at our offices with a photocopy of an identity document attached.
The lots will eventually be purchased at the lowest price made possible by the other offers in the room.
In case of offers of the same amount on the same lot, the one received first will take precedence.
Marcopolo s.r.l. it also offers its customers the possibility of being contacted by telephone during the auction to compete for the purchase of the proposed lots. It will be sufficient to submit a written request which must be received by 10.00 on the day of sale, without prejudice to the right of Marcopolo s.r.l. to request, at its discretion, a security deposit to enable the potential customer to bid at auction, which must be received within 3 working days before the date of the sale; Marcopolo s.r.l. therefore invites any potential customer to contact the auction house within a reasonable time to make sure that there is no restriction on the lots of his interest for submitting bids.
This service will be guaranteed within the limits of the availability of the lines at the time and in order of receipt of requests. In view of the foregoing, we recommend that you still report an offer that will allow us to act on your behalf only if it is impossible to contact you.
Raise
The starting price is usually lower than the estimate indicated in the catalog and the bids are approximately equal to 10% of the last measure. In any case, the Auctioneer may vary the bids during the auction.
For more information, please refer to the How to buy.
Marcopolo Asian Art does not carry out any shipping or packaging service. If requested, the service can be entrusted to an external shipping agency that has an agreement with the Auction House, Mail Boxes Etc. 0371 with headquarters in Sarzana (SP), Via XX Settembre, 65; the buyer will have a direct relationship with the agency, including the issuing of the invoice that includes the costs of administration, packaging, labour, shipping and insurance. Simply send the adjudicated lot number to their email ([email protected]) and Mail Boxes 0371 will provide an estimate. Alternatively, the customer may use a forwarding agent of his choice and arrange collection as long as the lots are collected no later than 8 January 2024. After this deadline, if the customer does not communicate otherwise, the lots shall be transferred to the warehouse of the aforementioned forwarding agent. Therefore, any communication regarding withdrawals after 8 January 2024 must be undertaken with Mail Boxes Etc. 0371. From the moment the lots are handed over to the forwarding agent, the auction house will not assume any responsibility for them.
Shipping will be entirely at the customer's expense and it is not excluded that the forwarding agent in charge may charge additional storage costs.
Marcopolo Asian Art will not carry out the paperwork for the free movement certificates and assumes no responsibility for the issuance of the free export permit (ALC) and therefore the initiation of any paperwork will in any case be subsequent to the payment of the lot in question. For this service, an estimate for the necessary paperwork can be requested from Mail Boxes Etc. 0371.
For other information, please refer to the General Terms and Conditions.
The exhibition will be held from June 13th to 16th at the premises of Marcopolo Asian Art in Milan, located at Via Carlo Poerio 43 (corner of Via Nino Bixio).
The auction on June 18th will take place at the Worldhotel Cristoforo Colombo, Corso Buenos Aires 3, Milan.
VIEWINGThursday13
June 202410.00 - 18.30Friday14 June 202410.00 - 18.30Saturday15 June 202410.00 - 18.30Sunday16 June 202410.00 - 18.30For condition report
The exhibition will be held from June 13th to 16th at the premises of Marcopolo Asian Art in Milan, located at Via Carlo Poerio 43 (corner of Via Nino Bixio).
The auction on June 18th at 10.00 AM will take place at the Worldhotel Cristoforo Colombo, Corso Buenos Aires 3, Milan.
VIEWING
Thursday13 June 2024 10.00 - 18.30
Friday 14 June 2024 10.00 - 18.30
Saturday15 June 2024 10.00 - 18.30
Sunday16 June 2024 10.00 - 18.30
For condition report:
Exhibition of lots
Change delivery address
You may use the carrier of your choice.
The indicated price does not include the price of the lot or the auction house's fees.
