Instructions
The
goods are to be sold at open outcry
public auction organized on June 10,
2000 starting at 12.00 a.m. and on June 11, at 2.30 p.m.
Auction place: Mausoleum,
Carol Park, Bucharest.
The goods can be seen at the
above-mentioned address in the days of 7-9.06.2000 between 12.00 a.m. - 4.00
p.m.
The persons concerned shall
pay the entrance fee in amount of lei 50.000 only to enter the exhibition
without the allowance of bidding and 350.000 to enter the exhibition/auction
being provided with a ticket (lei 200.000),
a contract, a bid card and the catalogue (lei 150.000). The entrance fee
shall be paid only once; the participant may subsequently attend the exhibition
and make bids during the above-mentioned period.
Any natural person –
prospective buyer – who identifies him/herself with an identity card, is
allowed to bid upon fulfillment of the following conditions:
§ She/he has received a ticket upon payment of lei
200.000
§ She/he has received a catalogue upon payment of lei
150.000
§ Has signed a bid contract and received a bid card.
Organizers are in charge of providing the non-transferable bid card before the
auction begins and recovering it as soon as the bidder leaves the auction room.
It is forbidden for the
persons who adjudicated items in former auctions and did not paid for them or
not taken them up within four days from the last auction session (according to
the instruction list) to attend any further auctions.
Natural persons that bid on
behalf of a legal entity shall be empowered by virtue of an authenticated
proxy.
The persons
willing to submit written offers before the auction begins are to receive, upon
request, a price offer ticket that has to be filled in and left at the
registration office located in the entrance hall. Bids for any of the exhibits
in the catalogue can be made at the set price at least. Such a bid shall come
before all others if the same price is bid during the session.
The bidder shall pay a bid
bond worth 20 percent of the bid amount upon filling-in of the ticket. The bid bond shall be deducted from the
selling price if the bidder wins the auction or it shall be reimbursed when the
auction is completed if the same exhibit was sold to another bidder.
The following procedure
shall be observed during the bidding:
§ The auction begins with the amount written in the
catalogue and proceeds with the amounts put forward by the auctioneer. One
quantum leap shall generally equal
maximum 10 percent of the offered price;
§ Lifting the card shows acceptance of the put price;
§ The bids below the price put forward by the
auctioneer shall not be accepted;
§ Prices offered by bidders may exceed the price
called out by the auctioneer in round figures by no less than lei 10.000 type;
§ The acceptance of the bid is shown by calling out
the number on the bid card (the auctioneer irrevocably sets the figure, which
was first accepted, at a certain amount);
§ The sale is made after the auctioneer called the
last price (the highest) three times by hitting with the hammer and calling out
“ADJUDECAT” (=SOLD).
§ No further bid shall be taken into account;
§ The auctioneer calls out the winning bid and the
selling price of that particular object.
At the bid amount, shall be
added VAT 19% and a commission of 3.5 per cent if cards effect the payment.
After the sale a down
payment of minimum 20 % of the bid amount shall be made if the procedure with
an auction and price offer ticket has not been chosen. The remaining 80% and
the fee of 19% representing VAT shall be paid within 4 days at the most.
If the entire amount is not
paid within 4 days the down payment shall be retained by R.A.-A.P.P.S. without
any obligation of reimbursement whatsoever.
A receipt shall be issued
for a dawn payment and a fiscal invoice for the entire due amount – the selling
price to which VAT of 19% shall be added).
Payment of the due amount
for the sold objects can be effected either in LEI or in foreign currency at
the official rate of the NBR announced for the payment day, in cash by payment
order or card (VISA, MasterCard, EUROCARD). The goods remain in the custody of
R.A.- A.P.P.S. until the entire due amount is paid but not longer than 4
working days.
After the fourth day. R.A. –
A.P.P.S. shall charge a deposit fee of 0,4% per day for maximum 8 days for the
objects that have been paid but not taken out by the buyer. After the 8 days have
passed the buyer is going to lose the ownership over the sold item and the
whole amount which was paid till then.
R.A.-A.P.P.S. releases the
objects only after the effective payment is made. The sold good may be released
directly to the buyer or to his/her representative by virtue of an
authenticated power of attorney (for natural persons) or an authenticated
representation delegation (for juridical persons).
The buyer receives a
certificate upon releasing the sold object.
Bidders may not redeem the
sold goods for which fiscal invoices were issued.
Bidding and selling of the
goods are to be carried out according to the principle “ what you see is what
you get”.
The participants may contest
the results of the auction provided the bid instructions or other legal
provisions have been violated. The contest related to the bidding may be
submitted within 24 hours after the auction is completed at the head office of
R.A.-A.P.P.S. that shall analyze and resolve them in maximum 5 days and shall
subsequently notify the results to the contestant.
The resolution of
R.A.-A.P.P-S. concerning the settlement of the contest shall be issued in legal
terms; the participant may also appeal to the court if she/he does not receive
the resolution of R.A.-A.P.P.S. within the above-mentioned time period.
President,
Ion Pojoranu