Bidding Policy

Leonid Afremov Art Auction Bidding Policy for www.afremovart.com

Registration:

All bidders must register with www.afremovart.com using their real names and verifiable contact information. Registration implies acceptance of these bidding terms.

Bidding Process:

Bidding will occur in real-time during the auction period, which may last from 1 to 10 days. Each item will have a start and end time for bidding.
Bids must be placed in increments as determined by the auctioneer, generally following a standard increment schedule based on the current bid amount.

Bid Retraction:

Bids can be retracted within a reasonable timeframe if there has been no subsequent bid. However, retracting bids frequently may result in suspension from bidding.

Proxy Bidding:

Bidders can set a maximum bid, and the system will automatically bid on their behalf up to their set maximum, in the smallest increment necessary to maintain the lead.

Auctioneer's Discretion:

The auctioneer reserves the right to refuse any bid, advance the bidding in any manner deemed appropriate, withdraw or re-catalog any lot, and even to sell items in any order or at any time.

Reserve Prices:

Some lots may have reserve prices not disclosed to the public. If the lot does not reach its reserve, it may not be sold.

Payment:

Winning bidders must complete payment within 48 hours after the auction closes. Payment methods include credit cards, PayPal wire transfers, or other secure online payment methods as specified by www.afremovart.com.

Defaulting on Payment:

If a winning bidder fails to pay, they may lose the right to bid at future auctions, and their default could be publicized if deemed necessary by the auction house.

Taxes and Shipping:

Bidders are responsible for any applicable taxes, shipping, and handling fees. These costs will be additional to the final bid price plus the buyer's premium.

Authenticity and Condition:

All lots are sold "as is." Bidders should inspect lots or review provided condition reports before bidding. While authenticity is guaranteed to the best of our knowledge, bidders accept the risk of future attribution changes.

Privacy of Bidding Information:

Bidding information is confidential and will not be disclosed except where required by law.