Terms & Conditions

Donley Auction Services, as Agent

Donley Auction Services is NOT responsible for items after sold.

Information that is announced on the day of sale takes precedence over printed material.

The lots listed in the auction catalog will be offered by Donley Auction Services as owner or as agent for consignor(s) subject to the following terms and conditions.

By bidding/registering at auction you agree to be bound by these Conditions of Sale.



**On-Site Bidding (Live, Absentee, and Phone Bids) **

Buyer’s Premium

· 18% with CASH, Money Order, or Cashier’s Check

· Credit card payments are charged a fee that varies but usually around 3%

· 3% fee for our bidding platform; 5% fee for 3rd-party online bidding platforms

· 7.25% Illinois Sales Tax (Some online bidding platforms automatically charge sales tax for everyone. Please work with the platform to set up tax-exempt status.)

Sorry, NO Personal Checks unless pre-approved by Randy Donley

**PLEASE NOTE** If you plan to send a money order or cashier’s check for your purchase, you must let us know within 24 hours after the auction or your card may be charged. Checks must be sent by priority mail and postmarked within 5 business days after the auction.

Due to the risk of selling currency online, we will not allow any purchases of coins/currency/bullion over $2000 with a credit card. We ask that you mail a business check, Cashier’s Check, or Money Order via USPS Priority/Express Mail.



**Before the Sale**

Examination of Auction Items: Prospective buyers are strongly advised to personally examine any item in which they are interested before the auction takes place. Please contact Donley Auction Services at 815-923-7000 if you require additional information before placing your bid.

All lots are sold AS IS and without recourse. Neither Donley Auction Services nor its consignor(s) makes any warranties or representations, express or implied with respect to such lots.

Neither Donley Auction Services nor its consignor(s) makes any express or implied warranty or representation of any kind or nature with respect to merchantability, fitness for purpose, the correctness of the catalog, or other description of the physical condition, size, quality, rarity, importance, medium, material, genuineness, attribution, provenance, period, culture, source, origin, exhibitions, literature or historical significance of any lot sold.

The absence of any reference to the condition of a lot does not imply that the lot is in perfect condition or completely free from wear and tear, imperfections, or the effects of aging. No statement, whether written or oral, and whether made in the catalog, or in supplements to the catalog, an advertisement, a bill of sale, a salesroom posting or announcement, the remarks of an auctioneer, or otherwise, shall be deemed to create any warranty, representation or assumption of liability. Donley Auction Services and its consignor(s) make no warranty or representation, express or implied, that the purchaser will acquire any copyright or reproduction rights to any lot sold.

Donley Auction Services expressly reserves the right to reproduce any image of the lots sold in the catalog.



**At the Sale**

Refusal of Admission: Donley Auction Services has the right, at our complete discretion, to refuse admission to the premises or participation in any auction and to reject any bid.

Registration before Bidding: A prospective buyer must complete and sign a registration form and provide identification before entering the auction gallery and bidding. We may require bank or other financial references.

Bidding as Principal: When making a bid, a bidder is accepting personal liability to pay the purchase price, including the buyer’s premium, all applicable taxes, and all other applicable charges, unless it has been explicitly agreed upon in writing with Donley Auction Services before the commencement of the sale that the bidder is acting as agent on behalf of an identified third party acceptable to Donley Auction Services, and that Donley Auction Services will only look to the principal for payment.



**Absentee Bids**

We will use reasonable efforts to carry out written bids given to us at least 24 hours prior to the sale for the convenience of clients who are not present at the auction in person, by an agent, or by email. No telephone absentee bids will be accepted.

Bids must be placed in U.S. dollars and must adhere to the bid increment schedule. If we receive written bids on a particular lot for identical amounts, and these are the highest bids on the lot at the auction, it will be sold to the person whose written bid was received and accepted first.

Execution of written bids is a free service undertaken subject to other commitments at the time of the sale and we DO NOT accept liability for failing to execute a written bid or for errors and omissions in connection with the written bid.

A credit card number must be provided when placing Absentee and Phone Bids. Card on file will be charged immediately after auction for winning bids, unless approved by Randy Donley.

Telephone Bids: On lots with a low estimate of $500 and above, and if a prospective buyer makes arrangements with us at least 24 hours prior to the commencement of the sale, we will use reasonable efforts to contact them to enable them to participate in the bidding by telephone.

Donley Auction Services DOES NOT accept liability for failure to do so or for errors and omissions in connection with telephone bidding. These telephone bids may be recorded at the discretion of Donley Auction Services.

Online Bids: We will use reasonable efforts to carry out online bids and do not accept liability for equipment failure, inability to access the Internet, connectivity glitches, or software malfunctions related to the execution of online bids. Since we use multiple bidding platforms there can be multiple people with the same max bid. When the bidding stops at a certain price, if no one bids higher, the bid that the auctioneer takes at that certain price will be the winner. That may be the floor or any of the platforms, and there may have been other bidders with that same max bid.

Reserves: Some lots in the sale are subject to a reserve which is the confidential minimum price below which such lot will not be sold. Reserves are agreed upon with consignors or, in the absence thereof, at the absolute discretion of Donley Auction Services. The auctioneer may open the bidding on any lot below the reserve by placing a bid on behalf of the seller. The auctioneer may continue to bid on behalf of the seller up to the amount of the reserve, either by placing consecutive bids or by placing bids in response to other bidders.

With respect to lots that are offered without reserve, unless there are already competing bids, the auctioneer, in his or her discretion, will generally open the bidding at half of the low estimate for the lot. In the absence of a bid at that level, the auctioneer may proceed backward at his or her discretion until a bid is recognized, and then continue up from that amount.

Auctioneer’s Discretion: The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw any lot, and in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to re-offer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Successful Bid: The highest bidder acknowledged by the auctioneer will be the purchaser. In the case of a tie bid, the winning bidder will be determined by the auctioneer at his or her sole discretion. In the event of a dispute between bidders, the auctioneer has final discretion to determine the successful bidder or to reoffer the lot in dispute. If any dispute arises after the sale, Donley Auction Services sales record shall be conclusive.

Title passes upon the fall of the auctioneer’s hammer to the highest acknowledged bidder subject to the Conditions of Sale set forth herein, and the bidder assumes full risk and responsibility.



**After the Sale**

Buyer’s Premium: In addition to the hammer price, the buyer agrees to pay Donley Auction Services a buyer’s premium, and the applicable sales tax is added to the final total.

Payment: The buyer must pay the entire amount due (including the hammer price, buyer’s premium, all applicable taxes, and other charges) no later than 5 pm on the next business day following the sale.

Donley Auction Services reserves the right to hold merchandise purchased by personal check until the check has cleared the bank.

The purchaser agrees to pay Donley Auction Services a handling charge of $50 for any check dishonored by the drawee.

Due to the risk of selling currency online, we will not allow any purchases of coins/currency/bullion over $2000 with a credit card. We ask that you mail a business check, Cashier’s Check, or Money Order via USPS Priority/Express Mail.

Collecting Purchases: Once Donley Auction Services has received all funds due, the buyer shall collect purchased lots within FIVE (5) business days from the date of the sale.

Packing and Shipping: Donley Auction Services will professionally pack and ship the buyer’s items.

Donley Auction Services will make every effort to charge the least expensive shipping prices.

If buyer would like a third-party shipper to ship the item, they will need to arrange shipping and have the items picked up from Donley Auction Services.

Packing and handling of purchased lots by Donley Auction Services is at the entire risk of the purchaser, and Donley Auction Services will have no liability of any loss or damage to such items.

Non-Payment: If we do not receive payment in full, in good, cleared funds, within FIVE (5) business days following the sale, we are entitled in our absolute discretion to exercise one or more of the following measures, in addition to any additional actions available to us by law:

· Impose a late charge of one and a half percent (1.5%) per fifteen (15) days of the total purchase price.

· Hold the defaulting buyer liable for the total amount due and to begin legal proceedings for its recovery together with interest, legal fees, and costs to the fullest extent permitted under applicable law.

· Cancel the sale.

· Resell the property publicly or privately with such terms as we find appropriate, to resell the property at public auction without reserve, and with the purchaser liable for any deficiency, cost, including handling charges, the expenses of both sales, our commission on both sales at our regular rate, all other charges due hereunder and incidental damages.

· Offset against any amount owed.

· Not allow any bids at any upcoming auction by or on behalf of the buyer.

· Take other action as we find necessary or appropriate Failure to Collect Purchases.

In addition, a defaulting purchaser will be deemed to have granted us a security interest in, and we may retain as collateral security for such purchaser’s obligations to us, any property in our possession owned by such purchaser. At our option, payment will not be deemed to have been made in full until we have collected funds represented by checks, or in the case of bank or cashier’s checks, we have confirmed their authenticity.

Unclaimed Property: If property is not picked up within five (5) business days following the sale, whether or not payment has been made, Donley Auction Services reserves the right to charge $5 per lot, per day or to deliver said property to a public warehouse for storage at the purchaser’s expense. Donley Auction Services shall have NO liability for any damage to property left on its premises for more than FIVE (5) business days following the sale.

For property that is not picked up after thirty (30) calendar days, an additional administration fee of $75 will be charged.

Property which is paid for but left on our premises for any reason in excess of sixty (60) calendar days is subject to sale by us with the balance of any funds recovered in excess of storage charges and any other fees being remitted to you.



**Liability**

Condition Reports: Donley Auction Services is not responsible for the correctness of any statement of any kind concerning any lot, whether written or oral nor for any other errors or omissions in description or for any faults or defects in any lot.

Neither the seller, ourselves, our officers, employees, or agents, give any representation, warranty, or guarantee or assume any liability of any kind in respect of any lot with regard to merchantability, fitness for a particular purpose, description, size, quality, condition, attribution, completeness, authorship, authenticity, rarity, importance, medium, provenance, exhibition history, literature or historical relevance.

Except as required by local law any warranty of any kind whatsoever is excluded by this paragraph. Items under $1,000 are collated upon request.

Purchased Lots: If, for any reason, a purchased lot cannot be delivered in the same condition as at the time of sale, or should any purchased lot be stolen, mis-delivered or lost prior to delivery, Donley Auction Services shall not be liable for any amount in excess of that paid by the purchaser.

Legal Ramifications: The rights and obligations of the parties with respect to these Conditions of Sale, the conduct of the auction, and any matters connected with any of the foregoing shall be governed and interpreted by the laws of the jurisdiction in Illinois. If any part of these Conditions of Sale is found by any court to be invalid, illegal or unenforceable, that part shall be discounted and the rest of the conditions shall continue to be valid to the fullest extent permitted by law.

Discretion: Any and all of the conditions above may be waived or modified at the sole discretion of Donley Auction Services.