Terms and Conditions

Please note : Pictures displayed on the website & catalogue are not to scale

J.W. JEWELLERY & FINE ART AUCTIONEERS LTD

T/A JOHN WELDON AUCTIONEERS

Vat number IE 8287922W

Property Services Regulatory Authority Licensed number 001760.

A summary of general conditions of business.

1. By bidding at the auction, buyers agree to comply with the terms and conditions of the auction.

2. Prior to an auction a prospective buyer must register to bid and give their full name and permanent address and if requested, banking or other suitable references.

3. All statements, whether made verbally or in the catalogue, are statements of opinion only and neither the auctioneers nor its employees or agents will be responsible for the accuracy of any opinion given. Each lot is sold by the seller with any and all errors of description, faults and imperfections.

4. The auctioneer has the right to divide any lot or combine two or more lots, refuse any bid, withdraw any lot from auction or (in the case of dispute) put any lot up for auction again. The auctioneer shall have the right to advance the bidding as he may decide.

5. All lots are being sold under the auctioneers VAT margin scheme unless otherwise specifically referred to by the vendor. Lots not sold under this scheme will be marked with ^ VAT at the current rate may apply.

6. Prospective buyers are strongly urged to examine personally any lot in which they are interested before the commencement of an auction. John Weldon Auctioneers and its representatives shall not be liable for the accuracy of any statements made by them concerning a lot’s age, date, condition, origin, authorship or provenance. Imperfections are not stated. Lots are sold in the condition they are in.

7. A buyer may only bid on his own behalf, unless prior to the auction he has notified John Weldon Auctioneers of his intention to bid on the behalf of a third party, the identity of whom he must disclose to John Weldon Auctioneers. Even if a buyer buys a lot on behalf of a third party, the buyer shall remain personally responsible to John Weldon Auctioneers for that third party’s obligations, including, but not limited to, the payment of the purchase price and removal of the lot following the auction.

8. All purchases shall be subject to a buyer’s premium of 15% of the hammer price plus VAT currently charged at 23%, total fee 18.45%.

9. Payment for all lots must be made in full by means of cash, bank draft, by the bidder’s own cheque or debit cards. We do not accept credit cards. Cheques and bank drafts over €3,000 will have to be cleared by our bank prior to releasing the goods. Cheques and bank drafts under €3,000 are subject to verification. The cardholder must be present when making debit card transactions.

9A. In accordance with the Criminal Justice (Money Laundering and Terrorist Financing) Acts 2010 & 2013 we wish to inform our customers of the following policy regarding the acceptance of large cash payments: • We are required to obtain identification from customers (prior to carrying out the transaction) where the total amount of money paid by the customer in a single transaction or a series of transactions is €15,000 or greater. • Identification will be required in the form of documentation from a government source e.g. passport, driving licence and this should be verified by a recent utility bill to confirm address. • Records of identification and proof of address obtained from customers will be kept for a period of not less than 5 years commencing on the date of the last transaction with the customer. • We will not proceed with any cash transaction of €15,000 or more where the customer fails to provide identification in the form of a passport or driving licence. • Your cooperation with this policy is greatly appreciated.

10. If purchase price is not paid within 3 days following the auction, the auctioneer reserves the right to offer for sale any and all lots, by public or private sale. The defaulting buyer shall make good any cost or deficit.

11. Pictures displayed on the website & catalogue are not to scale. The buyer authorises us at any time to make use of any photographs or illustrations of the Lot/s purchased by the buyer as required by us.

12. Failure to examine a lot/s by a buyer shall not constitute a cause for cancellation of sale.

13. Historically, many coloured gemstones have been subjected to a variety of treatments designed to enhance their appearance. Certain enhancement methods, such as heating, are routinely used to improve colour or transparency in rubies and sapphires. Other methods, such as oiling, enhance the clarity of emeralds. The international jewellery trade has generally accepted these methods. Other coloured gemstones may have undergone other permanent or semi-permanent treatments, such as dyeing, irradiation, coating and impregnation, possibly requiring further retreatment in order to retain their appearance Prospective purchasers should assume that all gemstones will have been treated unless statements are made to the contrary.

14. We will be pleased to offer Condition Reports to interested clients for lots with estimates of €100 or more. Notwithstanding this reports or any discussion concerning condition of a lot, all lots are offered and sold “As is” as per the conditions of sale printed in the catalogue.

15. Note: When you buy goods at auction, the buyer enters in to a contract with the owner of the goods not the auctioneer. The seller is under no obligation to disclose defects in the property, the buyer should establish what defects, if any, exist before purchasing the goods. The Sales of Goods Act, 1893 provides that: “A sale by auction is complete when the Auctioneer announces its completion by the fall of the hammer, or other customary manner. Until such announcement is made any bidder may retract his bid.” When property is sold by auction a contract comes into being when “the hammer falls” The Auctioneer has authority to sign a memorandum on behalf of both the seller and buyer and the Courts have held that such authority is irrevocable

15A IMPORTANT NOTICES FOR PURCHASERS IMPORTANT NOTICE TO PROSPECTIVE BUYERS OF GEMSTONES/JEWELS Purchasers are advised that whilst great care has been taken in the examination of gemstones, it is not possible to test every gemstone in multi-gemstone lots. Notes 1 – Coloured Gemstones Historically, many coloured gemstones have been subjected to a variety of treatments designed to enhance their appearance. Certain enhancement methods, such as heating, are routinely used to improve colour or transparency in rubies and sapphires. Other methods, such as oiling, enhance the clarity of emeralds. The international jewellery trade has generally accepted these methods. Other coloured gemstones may have undergone other permanent or semipermanent treatments, such as dyeing, irradiation, coating and impregnation, possibly requiring further re-treatment in order to retain their appearance. Prospective purchasers should assume that all gemstones will have been treated unless statements are made to the contrary. Gemmological reports from internationally recognised

15B Note 2 – Diamonds Recent advancements in technology have led to some diamonds being treated in a number of ways, all designed to improve their appearance or alter colour. These processes include fracture filling, laser drilling, a combination of drilling and filling, HPHT, irradiation and various coatings. Buyers are also alerted to the fact that synthetic (laboratory created) diamonds, notably in small (melee) sizes are now produced in large quantities. Whilst every effort is made to identify or disclose treated and synthetic goods, it is not possible for us to guarantee that all diamond set lots do not contain such material. We do not knowingly offer treated diamonds for sale,condition, or completely free from wear or imperfections

16. These terms are subject to change without notice.