Balloon Merchant - Scottsdale Art Auction, LLC

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359 Balloon Merchant

SOLD
Winning Bid Undisclosed

This item SOLD at 2017 Apr 08 @ 15:09UTC-7 : PDT/MST

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From (Incl.)	To (Excl.)	Increment
0.00	2,000.00	100.00
2,000.00	5,000.00	250.00
5,000.00	10,000.00	500.00
10,000.00	20,000.00	1,000.00
20,000.00	50,000.00	2,500.00
50,000.00	100,000.00	5,000.00
100,000.00	Infinite	10,000.00

From (Inc.)	To (Exc.)	Premium
0.00	500,000.00	17%
500,000.00	Infinite	12%

Category	Art
Auction Currency	USD
Start Price	NA
Estimated at	35,000.00 - 50,000.00 USD

Item Description
Location & Preview
BP, Taxes & Fees
Shipping & Payment
Terms

Balloon Merchant
Artist: Situ, MianDate of Birth: b. 1953
Medium: Oil on canvas
Dimensions: 42 x 36 inches
Signed: Signed lower right
Verso:

Taxes:

Tax	Rate	Desc.
CS	1.65%	City of Scottsdale
SA	7.3%	State of Arizona

Buyer's Premiums:

From (Incl.)	To (Excl.)	Premium
0.00	500,000.00	17%
500,000.00	Infinite	12%

Terms and Conditions
Auction
The art illustrated in this catalogue will be offered for sale on April 11,
2015 by Scottsdale Art Auction, LLC on premises at 7176 Main Street,
Scottsdale, Arizona.
Telephone Bidding
As a courtesy to clients who are unable to attend the sale, a telephone
and order (absentee) bid service will be offered as staff and time allow.
Scottsdale Art Auction, LLC shall not be responsible for any errors or
omissions or failure to execute such bids. Contact Scottsdale Art
Auction, LLC at (480) 945-0225 (or register online) early for
arrangements as telephone lines will be allocated on a first come basis.
Scottsdale Art Auction, LLC will arrange for telephone lines on lots
with a minimum estimate of $5,000 and over.
Absentee Bidding and Fax
Confidential absentee bid orders for auction items may also be
completed and will be executed by Scottsdale Art Auction, LLC on
behalf of the Purchaser during the auction. Scottsdale Art Auction,
LLC shall not be responsible for any errors or omissions or failure
to execute such intent to purchase orders or auction bids.
This catalogue, as may be amended by posted notice or oral salesroom
announcement,represents ScottsdaleArt Auction, LLC’s entire agreement
with any and all purchasers of the Property listed herein. The following
are Procedures, Terms and Conditions on which all such Property
listed is offered for sale by Scottsdale Art Auction, LLC as agent for
various owners or other Consignors:
1. Scottsdale Art Auction, LLC reserves the right to withdraw Property
at any time before or at the sale and shall have no liability for such
withdrawal.
2. All Property will be sold “AS IS”. With respect to each lot of
Property, Scottsdale Art Auction, LLC does not make any guarantees,
warranties or representations, expressed or implied, as to
merchantability or fitness for a particular purpose, the correctness of
the catalogue or the authenticity or description of the Property, its
physical condition, size, quality, rarity, importance, medium,
provenance, exhibitions, literature or historical relevance. No
statement, anywhere, whether oral or written, whether made in the
catalogue, an advertisement, a bill of sale,
a salesroom posting or announcement, or elsewhere, shall be deemed
such a warranty, representation or assumption of liability. In no event
shall Scottsdale Art Auction, LLC be responsible for genuineness,
authorship, attribution, provenance, period, culture, source, origin or
condition of the purchased Property and no verbal statements made
regarding the Property either before or after the sale of the Property,
or in any bill of sale, invoice or catalogue or advertisement or elsewhere
shall be deemed such a guarantee of genuineness, or authenticity.
Notwithstanding the foregoing, if within ten (10) calendar days after
the purchase of any lot of Property, the Purchaser provides an opinion
by a recognized authority on the artist and gives notice in writing to
Scottsdale Art Auction, LLC that the lot is not authentic, and returns
the purchased lot to Scottsdale Art Auction, LLC, within ten (10) days
of its purchase in the same condition as when sold, then Scottsdale
Art Auction, LLC will refund the full purchase price to the Purchaser.
It shall be in the sole discretion of Scottsdale Art Auction, LLC as to
whether the opinion provided by the Purchaser is an opinion by a
recognized authority on the artist.
3. Scottsdale Art Auction, LLC and/or Auctioneer reserves the right
to reject any bids. The highest bidder acknowledged by the Auctioneer
shall be the Purchaser. In the event of any dispute between bidders, the
Auctioneer will have absolute and final discretion to either determine
the successful bidder or to re-offer and resell the Property item in
dispute. After the sale, Scottsdale Art Auction, LLC’s record of final
sale shall be conclusive.
4. At the fall of the Auctioneer’s hammer, the Purchaser shall (a) be
acknowledged by bidder number by the auctioneer, (b) pay the hammer
price and a buyer’s premium as outlined above. In addition, Purchaser
may be required to sign a confirmation of purchase. Allsales are final
with no exchanges or returns.
5.Unless exempted by law, the Purchaser will be required to pay any
and all Arizona state and local transaction privilege tax (sales tax). It is
the Purchaser's responsibility to pay any applicable use tax imposed
by their state of residence on the total purchase price
6. Terms for all purchases will be cash, check or credit card
(VISA/MasterCard/American Express) with settlement and payment
due in full the day of the sale unless otherwise arranged. All monies
shall be made payable to Scottsdale Art Auction, LLC. At the discretion
of Scottsdale Art Auction, LLC, payment will not be deemed to have
been made in full until funds represented by checks have been collected
or the authenticity of bank or cashier’s checks has been confirmed.
Credit cards will not be accepted for purchases in excess of $10,000
on the total amount purchased at the sale.
7. No item of Property may be paid for or removed from Scottsdale
Art Auction, LLC during the sale. After the sale has been completed
and after the purchase price has been paid in full, Property must be
removed from the saleroom at the Purchaser’s expense not later than
three business days following the sale. Scottsdale Art Auction, LLC will,
as a service to Purchasers, arrange to have Property packed, insured
and shipped, all charges at the expense and entire risk of Purchaser.
8. Some items of Property may be offered subject to a “reserve” or
confidential minimum price below which the item will not be sold. In
such instances, Scottsdale Art Auction, LLC may implement the reserve
by bidding through the Auctioneer on behalf of the Consignor. In no
event shall the reserve exceed the low estimate in the catalogue.
9. Neither Scottsdale Art Auction, LLC, nor Auctioneer, nor Consignor
make any representations whatsoever that the Purchaser of a work of art
will acquire any reproduction rights thereto.
10. These Conditions of Sale and any other applicable conditions, as
well as the Purchaser’s and Scottsdale Art Auction, LLC’s rights and
obligations herein shall be governed by, construed and enforced in
accordance with the laws of the State of Arizona. If these conditions are
not complied with by the Purchaser, Scottsdale Art Auction, LLC may,
in addition to other remedies available by law, including, without
limitation, the right to hold the Purchaser liable for the total purchase
price stated on the Confirmation of Purchase Invoice, either (a) cancel
the sale and retain as liquidated damages any and all payments made
by the Purchaser or (b) resell the Property privately or at public auction
on three days’ notice to the Purchaser for the payment of any
deficiency in the purchase price and all costs including handling
charges, warehousing, the expense of both sales, the commissions,
reasonable attorneys’ fees, any and all other charges due and incidental
damages.
11. Biding on any item indicates your acceptance of these terms and
all other terms announced at the time of sale whether bidding in person,
by phone, by Internet, by absentee bid, or through a representative.
12. In most instances, sculpture measurements do not include base. In
measurements for two dimensional art, height precedes width and does
not include frame.
13. Bidding increments will normally follow the pattern below but
may vary at the sole discretion of the Auctioneer.
Estimate Increment Estimate Increment
Under 2,000............................. 100 20,000–50,000 ...................... 2,500
2,000–5,000 ............................. 250 50,000–100,000..................... 5,000
5,000–10,000............................ 500 over 100,000 ........................ 10,000
10,000–20,000....................... 1,000
BUYER’S PREMIUM e purchase price payable by the Purchaser
shall be the total of the nal bid price PLUS A PREMIUM OF
SEVENTEEN PERCENT (17%) on any individual lot in the
amount up to and including $500,000; TWELVE PERCENT (12%)
on any individual lot on the amount in excess of $500,000. is
premium is in addition to any commissions or other charges
payable by the consignor.

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