Conditions of Sale
Conditions of Sale
For Consignors
About Conditions of Sale
Consignors receive payments approximately 35 days following each auction, provided that purchasers have made their payments. These payments to consignors include detailed statements that itemize the commission and any additional charges that may apply.
Contact the specialist in charge for advice on how you should proceed.
Following the auction, you will be sent a post-sale notification detailing the final bid amount. Should the property not sell, you will receive a notification indicating that the property did not meet the reserve price or received no bids.
After agreeing to the consignment of your property, you can either:
1. Bring it yourself
2. Arrange your own shipper for delivery
3. Too much to bring or ship.
Not sure where to start? Request help. Contact 713-254-4399.
The consignor and our specialists will establish a minimum reserve price, which is the lowest amount the consignor is willing to accept for the lot. If bids do not meet this price, the lot will not be sold. This amount is confidential, known only to the consignor and our team.
Sliding scale of commission charges for sellers based on a client’s selling history.
The timeline varies by project. Adequate time is necessary to conduct research, catalog, and photograph items. A consignment deadline or closing date should be established by mutual agreement. This date will be displayed on the homepage of our website, indicating the date of the next auction.
Submitting a bid signifies complete comprehension of and agreement with the conditions of sale stated above.
Yes, a premium of 19.5% of the purchaser’s bid will be added to the total price and is due as part of the payment for all unpaid invoices submitted for collection.
All shipping charges will be paid by the successful bidder. Purchased property must be collected within 14 days following the auction. Property not collected within 14 days of the close of the auction will be subject to a storage fee equal to 1.5% of the hammer price per day. Property not collected within 60 days of the close of the auction will be considered abandoned and any monies paid to Simpson Galleries by the purchaser will be considered liquidated damages.
No warranty, expressed or implied, is provided with regard to any item description in this auction. The descriptions are solely for item identification purposes and do not form part of the bargain, nor create an express warranty that the goods will match any description provided by the auctioneer.
Properties acquired at the auction cannot be removed until the session concludes.
In case of a dispute, the auctioneer has the authority to decide the winning bidder, and such decision shall be final, or alternatively, to re-offer and re-sell the item in question. Should a dispute arise post-sale, the sales record will be the definitive source of information regarding the identity of the purchaser, the highest bid amount, and all other related matters.
We endeavor to accurately describe and attribute authorship to the best of our knowledge and abilities, utilizing experts. However, as authentication and attribution are scholarly matters and thus subject to change, we make no express or implied warranties, guarantees, or representations. We strongly recommend that buyers consult their own experts, appraisers, or authenticators before bidding and rely exclusively on their advice and judgment.
No individual is accountable for the property’s description, authenticity, history, or state. Statements made on the website or verbally at the time of sale, or in any other context, should not be considered warranties, representations, or assumptions of liability.
Cash, or credit card. Master Card, Visa, or Discover (credit card payment accepted up to a maximum amount of $5,000).
The first step is to look for the FAQ named “Acceptable Items” or “Large Auction Items” as to whether we sell your type of item and then contact us so we may give you an evaluation on how much the item is worth at auction.
BoldBids,L.L.C. is managed and operated by a Texas licensed auctioneer. We conduct estate, Consignment, City & County Government Surplus & Seizures, business liquidations and charity/fundraiser auctions.