-
Bids not received on Bid Sheet furnished (in El Quetzal)
will be considered as received last for the resolution of tie bids, except when
entered by e-mail.
-
Bids must be submitted so as to reach the Auction Manager not later than
the announced closing date for the auction, as indicated on the first page of
the listing of lots. If
distribution of El Quetzal is delayed,
sufficient time will be given to members receiving the journal by airmail to enter bids after the closing date.
-
Lots will be sold to the highest bidder at the next bidding increment
over the next highest bid. In case
of a tie, the bid posted or e-mailed the earliest date will prevail.
-
Successful bidders will be forwarded lots promptly after closing of sale,
provided there is no previous unsettled debt to the ISGC.
Settlement from buyers is expected within 14 days of receipt of lots.
In case of late payment, an interest of 1.5% per month beginning 30 days
after date of invoice (60 days for overseas members) will be assessed, and
prepayment of lots will be required in subsequent sales.
-
Postage, registration and insurance will be charged, along with a 50¢
packaging fee. All invoices over $100.00 in value will be charged $1.00 for our
ISGC insurance fee.
-
Consignors of lots will be charged 10% commission of the amount realized.
Buyers will also be charged a 10% commission.
Settlement will be made with consignors between 30 and 45 days after the
closing date of sale.
-
Consignors may place a minimum
reserve on any lot. If unsold,
5% of the minimum reserve will be assessed, plus return postage costs.
-
Material for sale is submitted at the Owner's own risk.
Every reasonable precaution will be taken for its protection, however,
neither the Auction Manager, ISGC personnel, nor the ISGC will be held
responsible in case of loss, damage or destruction.
-
A list of prices realized will be published in a subsequent issue of El Quetzal following the sale.
-
All lots are guaranteed genuine unless otherwise described.
The Auction Manager must be notified within one week if the genuineness
of one or more stamps in a lot is questioned.
In case of returns for any reason, the complete lot, as sold, must be
returned, intact.
-
Condition will be accurately described. Superb:
perfect in all respects; Very Fine
(VF): perfs well centered, no defects; Fine
(F): perfs clear of design, may have minor defects if mentioned; Good
(G): perfs touch design, may have tears and/or defects not specifically
mentioned.
-
Refer to the complete list of abbreviations used for ISGC Mail Auction
Sales, which have appeared in El Quetzal.
Copies will be furnished upon request.
-
Catalog numbers and values are from Scott's latest edition. Catalog
numbers and other references in parentheses are from Guatemala 1 or 2.
When a lot has a market value not listed, an estimate (Est) of cost realization, not including 10% commission,
shall be given.
-
All remittances shall be made payable to the ISGC, clear of bank charges.
-
Bidding increments:
see below: