Why
consign to the OLD
WEST AUCTION?
- We
are considered the leading auction house in the country
for western antiques.
- Our
reputation assures buyers they get what they pay for.
- Our
client list is the best in the Western Antique Business.
- We
have competitive and fair consignment rates with no
hidden charges.
- We
have been in the Western Antique Business for over
20 years and rely on a large group of knowledgeable
professionals for research to help sell your items.
- Look
at some of the prices our auction has realized in
just the last 3 years, many are records for particular
items.
- We
will tell you honestly if we feel we are not the auction
for your item. We won't sell an item just for the
commission. We want to treat you fairly.
View
a
sampling
of Old West Auction Realized Prices from 1996-2003
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"Custer
Era" Colt SA Army Revolver - 2003 |
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Consignments
close in January, so contact us early!
How
to get an item in our auction:
- Send
photos along with any information/provenance.
- Digital
files are the best, send to: brian@codyoldwest.com
- Other
photos can be mailed to:
Old West Auction Administration Office:
P.O. Box 2038
Carefree, AZ 85377
Attn: Auction Consignment
DO NOT expect these photos returned.
- Brian
Lebel will review and contact you in 10-20 days.
We do get an extreme amount of correspondence, so please
be patient.
- Read
carefully the following terms:
2005
Old West Auction
CONSIGNMENT AGREEMENT
Name:
Business
Name:
Adress:
City/State/Zip:
Phone/Fax: |
ITEM
DESCRIPTION |
MAKER |
COMM% |
RESERVE |
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Thank
you for consigning to the Old West Auction!
Please read our consignment terms carefully and sign
below:
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I
fully understand the terms of this form |
Date |
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2005
Old West Auction Consignment Terms
1. Consignment. The owner employs the Auction Co. to
sell at public auction certain property, including, but not
necessarily limited to the items described on the reverse
of this page and all attached pages. ALL CONTRACTS ARE CONSIDERED
APPROVED AS SUBMITTED IF NOT RETURNED WITHIN 10 DAYS.
2. Commission. The commission shall be paid to the
Auction Co. as a percentage of the hammer price on all property
sold, which will be payable from the auction proceeds. Base
22% unless otherwise noted.
3. Bill of Sale. The Auction Co. is hereby authorized
to sign on behalf of the owner, a memorandum of sale and is
required to receive from the buyer of the goods the full purchase
price of any items sold at the auction.
4. No Bidding by Seller. The property involved herein
shall remain the property of the owner until sold to a buyer
at auction, however, the owner hereby agrees not to withdraw
any property contained on reverse side of contract, prior
to holding of the auction and further agrees not to bid on
any of these items, either personally or through an agent,
this is a state law. The bids advance only by the amounts
named or accepted by the auctioneer at the time of the auction.
5. Risk of Loss. Auction Co. assumes the risk of loss
or damage to the property while in the possession of the Auction
Co., to the extent that the Auction Co. is insured for such
loss or damage. Settlement for loss or destroyed lots will
be based on the low estimate agreed upon by both parties.
This figure will be published in the catalog and considered
agreed upon with the return of the consignment sheet.
6. Warranties. The Auction Co. will attempt to describe
the lots as accurately as possible and will in all cases guarantee
these descriptions for a period of 14 days after the purchaser
has taken possession of the item(s). (It is important that
if the owner knows of specific problems or repairs, that they
advise the Auction Co. in advance so as to insure that all
significant faults are pointed out prior to their sale to
insure that none of the lots will be returned). Payment for
any and all lots will not be made until after the grace period
has elapsed. It is understood by the owner that if any lot
is returned in compliance with the guarantee provided by the
Auction Co., that the lots will be considered a no sale and
the lots will be returned to the original owner. In such case
of a sale forfeiture, there will be no commission charge to
the owner.
7. Presale Estimate. The presale estimate is not a
guarantee but an educated judgment of what the selling range
might be.
8. Ownership. Owner covenants with the Auction Co.
that the owner is either individually or in the capacity set
forth on the reverse, the owner of all said property and that
all said property is free from all encumbrances, and that
owner has the full right to sell the same in accordance with
the terms of this agreement, and that the owner will warrant
and defend the same unto the Auction Co. or his assigns, and
against the lawful claims and demands of all persons, and
will indemnify and hold Auction Co. harmless from all such
claims and demands.
9. Settlement of Account. The Auction Co. shall make
an accounting and payment to the owner for all consummated
sales as follows:
a. Approximately 21-28 days after the auction, all consummated
sales will be accounted for and paid for (a consummated sale
is: a sale in which we have received clear payment on, delivery
has been made and guarantee grace period has expired).
b. If the sale of any of your lots has not been consummated
within the 21 day period, a second final payment will be made
for the remaining lots once they have been consummated.
c. If for any reason the Auction Co. is not able to collect
on a purchase or if for any reason the lot becomes a no sale,
there will be no commission charge to the consignor and the
lot may be returned to the owner or re-offered
at future auctions subject to mutual agreement.
d. Any item which is returned to the Auction Co. for any reason
will revert back to the consignor, unless other arrangements
have been made.
e. The Auction Co. reserves the right to retain and try to
sell any item that fails to sell in the auction for 30 days.
Net price to seller to be the reserve price supplied on the
contract.
10. Reserves. Reserves are an agreed upon confidential
price between the Auction Co. and the owner, a price at which
the lot will not be sold less than. Once a consignment sheet
is signed by a consignor, (ALL CONTRACTS ARE CONSIDERED APPROVED
AS SUBMITTED IF NOT RETURNED WITHIN 10 DAYS.) reserves cannot
be increased. We discourage reserves, however, will reluctantly
allow reserves on important lots provided that:
a. The reserve is realistic and conservative in relation to
the market value of the lot. (Cannot be more than 75% of the
low estimate)
b. The reserve is negotiated and agreed upon at the time the
contract is prepared and can NOT be changed.
c. Any reserve lot must have the amount written in the reserve
box. Please be sure this is done before signing this contract.
d. The reserve figure is subject to applicable commissions
and other agreed upon charges and subsequently is not a net
figure.
e. A buy-in fee of 10% will be charged on the bought in price
of any lot subject to reserve. This buy-in fee of course is
assuming that the lot did not successfully sell at the auction.
The buy-in percentage fee will be assessed, based on the bought
in price, not the actual reserve price. IE: An item with a
reserve of $3000 is bought in at $2000. The fee would be based
on the $2000 figure, and not at the top reserve of $3000.
The purpose of this fee is to help allow the Auction Co. to
recoup some of his outlay for promoting, cataloging, insuring
and handling these lots. Not to be less than $125.
f. Reserves CAN NOT BE CHANGED after the catalog is printed
or after item is consigned, which ever comes first.
11. Shipping. The consignor will be responsible for
getting the items to the auction site and costs incurred in
returning the items in the case of a no sale.
12. PREPARATION FOR SALE. If your item is not prepared
for sale, you will be charged a protection/cleaning/repair
charge. (Example: photographs will not be sold without a hard
plastic protector.)
13. Buyers Premium. Buyers premium does not concern
consignor, it is paid directly to the auction house.
14. If an item is submitted to the auction and is subsequently
deemed to be a fake, fraud, reproduction or otherwise other
than represented, the consigner and or owner of the item will
bear full responsibility for any costs incurred by the auction
co. These costs will include, but are not limited to shipping,
insurance, cataloging, photography, and charges by expert
consultants. This clause applies to the item or items from
time of arrival to actual auction time.
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