TERMS & CONDITIONS OF SALE
(Please read carefully.)
1. The property described in the catalogue and on the internet will be offered at public auction by Sparks Auctions Inc. (Sparks) on behalf of various consignors. By bidding on any lot, whether in person, or through an agent, via Stamp Auction Network, by mail, email, fax, telephone, website, or any other means, the bidder acknowledges and agrees to all of the following Terms and Conditions of Sale.
2. The highest bidder acknowledged by the auctioneer shall be the buyer. The term “hammer price” means the last bid acknowledged by the auctioneer. The purchase price payable by the buyer will be the sum of the hammer price and a commission equal to 15% of the hammer price (“buyer’s premium”), together with any sales tax which may be due on the sale.
3. All bids are per lot as numbered in the catalogue. The auctioneer shall regulate the bidding and reserves the right to reject any bid believed by him not to be made in good faith; to withdraw any lot prior to sale; to divide a lot; or to group two or more lots and to act on behalf of the vendor. In the event of any dispute, the auctioneer’s decision shall be final. Sparks will execute bidding instructions on behalf of clients, but will not be responsible for any errors in the execution of such bids.
4. Unless a bidder has established credit with Sparks prior to the sale, Sparks must receive payment in full before the lots will be delivered. Buyers not known to Sparks must make payment in full within five days from the date of sale. Accounts more than thirty days in arrears will be subject to a late payment charge of 2% per month. All expenses incurred in securing payment from delinquent accounts will be charged to the defaulter. A fee of $100.00 will be charged for any cheque returned for insufficient funds.
5. All sales are in CANADIAN FUNDS. Payment may be made by bank draft, bank transfer, cheque drawn on a Canadian or U.S. bank, Canadian or International postal money order, cash or credit card (VISA and MasterCard only; there is a 2.5% convenience fee to process Visa & MasterCard payments). Cash/Cheque payment in U.S. funds is acceptable at the same rate which Sparks can purchase Canadian Funds at our bank (2.5% percent above the mid-market rate). Contact us if you require the exact amount owed in U.S. funds. Credit cards will be processed in Canadian Funds.
6. Buyers from Canada will be charged Federal GST or HST as applicable in their home province. Bidders resident outside Canada are not liable for Canadian taxes if purchases are delivered outside of Canada. See shipping instructions.
7. Until paid for in full, all lots remain the property of Sparks on behalf of the seller.
8. The buyer assumes all risk for delivery of purchased lots and agrees to pay for prescribed shipping costs.
9. Because the descriptions and scans of the auction will be available in a printed catalogue, on our website and on Stamp Auction Network, there is a possibility of technical or other error. In that event the auctioneer’s decision will be final. If discovered before the sale, corrections will be posted on sparks-auctions.com. Opening bids will be available on the websites and will be updated. These are only provided as a service to bidders and Sparks does not guarantee their completeness or accuracy.
10. Any lot, the description of which is obviously incorrect, is returnable, but only if the lot is returned within 14 days of receipt. All disputed lots must be returned intact with the original packing material. The following lots may not be returned for any reason:
• Lots containing ten or more items;
• Any lot described with “faults” or “defects” may not be returned because of any fault or defect;
• No illustrated lots may be returned because of centering, margins or other factors shown in the illustrations.
11. All lots are sold as genuine. If a prospective purchaser wishes to obtain other expert opinion from a mutually acceptable authority, an extension may be granted on a lot prior to the commencement of the auction provided that the following conditions are met:
(1) The purchase price of the lot must be paid in full;
(2) The item must be submitted to the mutually acceptable expertizing committee with a properly executed application form within 14 days of the sale;
(3) A copy of the application form must be given to Sparks Auctions;
(4) Unless prior arrangements are made, extensions are granted for a period of up to 100 days;
(5) If in the opinion of the authority the lot is not genuine or was grossly misdescribed, the purchaser shall receive a full reimbursement of the purchase price plus costs of certification up to $100; and
(6) Lots back-stamped or marked by the expertizing committee are not returnable. It is the purchaser’s responsibility not to let this happen.
Unless specific other arrangements are made between the buyer and Sparks Auctions, lots will be shipped in the following manner:
a) Single or multiple lots that fit into one or more regular EXPRESS POST envelopes will be shipped by that method with signature required. These lots will be charged postage only but not a handling, packaging, or insurance fee.
b) Cartons and larger lots will normally be shipped by parcel post or FedEx with signature required. If bulky lots have a value in excess of $1000 they will be shipped by EXPRESS POST with signature required. This category of lots will usually be charged an additional handling or packaging fee.
To the USA:
a) Single or multiple lots will be sent by Fed-Ex with signature required and no extra handling, packaging, or insurance fees.
b) Cartons and larger lots will be shipped by UPS ground or FedEx Ground with signature required. This category of lots will usually be charged an additional handling or packaging fee.
a) Single or multiple lots will be sent by Registered or Xpress Mail with signature required and no extra handling, packaging or insurance fees.
b) Carton and larger lots will be shipped by pre-arrangement only. We reserve the right to not ship to areas of the world not served by Fed-Ex.
SYMBOLS and ABBREVIATIONS
|**||Never Hinged with original gum (NH also used)|
|*||Hinged with original gum|
|(*)/UN||Unused without gum as issued or having gum fully re moved.|
|o.g./OG||Original Gum (p.o.g.= part original gum)|
|Used (includes full range of postally used, cancel-to-order, precancels)|
|XF||Extremely Fine applies to stamps with exceptional quality and margins well in excess of what would typically be found. This term is used rarely and is not applied for modern stamps. The term “Superb” is occasionally used as an adjective in the text of a description.|
|VF||Very Fine A stamp in superior condition which is well-centered and without fault.|
|F-VF||Fine-Very Fine Applied to stamps that are somewhat less well-centered than very fine, while taking into account what may considered as typical margins of classic material. The term has also been applied to multiples with individual stamps with range of grade or for larger lots/collections.|
|F(ine)||Fine Stamps having perforations that do not cut into the design and without damaging faults. Items described as such may have slight detracting features such as short perforation tips or natural inclusion. Many better classic material naturally falls into this category and may be expected to command prices similar to those ascribed by catalogue values.|
|VG||Very Good Equivalent to “average”. Typically with poor centering, heavy cancellation or faults such as minor thins, light creases, etc.|
|Faulty||Applied to an item with tears, heavy crease(s), unsightly postmarks, serious thins or surface scuffs.|
|Cover, which here embraces stampless folded letters (SFL), mailed envelopes, first day covers (FDC’s) etc.|
|FDC||First Day Cover|
|E/P||Essay, Proof, Die Proof|
|UL||“Upper Left” and used in conjunction with corner of sheet, block or individual stamp. The abbreviations UR LR and LL are used similarly.|
|c.d.s.||“Circular date stamp” postmark|
|v.l.h.||very lightly hinged|
|perf||“Perforation” tooth descriptor in the context of “short perfs” or perforation measurement in the context of “perf 12.0 x 11.5”|
|Est||Our estimate of the final hammer price if there is average competition for the lot.|
|Scan can be found online|
Notes on catalogue values and reference:
Catalogue values are listed for most lots offered. These are the best available guides to the retail price of a single stamp or set provided that the item(s) are the same quality as the standard described in the introduction to each catalogue. Exceptional quality will often sell above the catalogue value; inferior quality will sell for less; faulty stamps in a lot can result in a sale price of a small percentage of the catalogue price.
When cataloguing collections we use the value for the grade specified. For Scott this grade is very fine. For Unitrade we use the grade specified at the start of the textual description. Thus a “fine” collection will have all stamps added at the fine price. We do not count obvious forgeries, reprints etc. and usually do not count faulty or ugly stamps. A lightly penciled X under a stamp means it was not counted in the catalogue value. We put a light pencil note beside more expensive stamps and put a total catalogue value at the bottom of each page to assist viewers.
The following catalogues have been used. If there is a variance, this will be mentioned in the text of the description. The term “owner’s catalogue value” indicates a variety of approaches and may include older versions of catalogues. We will have inspected and reviewed the result but not re-catalogued; hence we do not vouch for the exact total of catalogue value.
2018 Scott Catalogue Volumes 1 through 6
2017 Scott Classic and US Specialized
2017 Unitrade Specialized Catalogue of Canadian Stamps
2015 Stanley Gibbons 1840-1970 (SG) values in £
2007 or later Michel Catalogues of the World (Mi) values in €
2009 The Canadian Revenue Stamp Catalogue by E.S.J. Van Dam
Other Specialized catalogues as noted in descriptions.
The U.S. Specialized and the Scott Classic are referred to as Scott interchangeably with the standard 6 volumes.
Please bid using these increments. All bids are in Canadian dollars.
1) Please bid using the increments above. All bids not conforming to these increments will be rounded to the nearest amount.
2) You have the option to break ties or increase your bids if needed by checking the appropriate box on the bid sheet.
3) If you are bidding through the internet, after you have entered your bids you will receive a computer generated email describing each lot you bid on and telling you where you stand in terms of other bidders without divulging the high bid. You then have the option of updating your bids. If you bid by mail or fax you have the option of asking to receive this email by checking the appropriate box and including your email address.
4) If you give your bids to Stamp Auction Network, or to Sparks Auctions you will only pay one increment over the second highest bid. Your top (maximum) bid will be used only if another bid is one increment below yours, or exactly the same as your bid but was received after yours. In the event of tie bids, the earliest bid received by us will be successful. We do not accept “buy” bids.
5) The auctioneer may permit telephone bidding during the auction. This must be arranged well in advance of the auction starting time. Sparks reserves the right to refuse telephone bidding at any given time. Sparks will not be held responsible in the event that a telephone bidder cannot be contacted or does not have reliable service. Long distance telephone expenses may be charged to telephone bidders.
6) Opening Bids will be available on Stamp Auction Network and are updated in real-time. These figures indicate the bid that is one increment over the underbid (second-highest bid). With one week to go most of these will be well below the eventual hammer price, in our experience. Opening bids are updated immediately as new underbids are received. They are provided as bidding advice only; if you see that an opening bid is higher than you wish to bid for a lot you would like to buy, this feature allows you to focus on other lots of interest to you. Opening bids are not final and Sparks will not be held responsible in the event of errors in the opening bids provided before the sale.
7) You have the option of limiting your purchases to a specified dollar figure (e.g. $500), or to an approximate figure. This feature allows you to bid with the confidence that you will not overspend your budget if you are very successful in the auction. It also allows you to use a strategy of bidding just above the opening bid for many lots with the expectation of winning only some of these.
8) Because of currency fluctuations, we are not able to offer bidding in both Canadian and U.S. dollars. However you can specify the limit of your total purchases in US funds and it will be converted to the appropriate amount on the day of the sale. See XE.com for current rates.