Hagenbrücke 19 - 38100 Braunschweig - Tel: 0531/45807 - Fax: 0531/44779

Conditions for Auctions

In accordance with the recommendations of the Bundesverband Deutscher Briefmarkenversteigerer eV. (Federal Association of German Stamp Auctioneers, Reg.)
– in compliance with the conditions authorized by the Bundeskartellamt (Federal Anti-Trust Comission) –

1. The auction is held voluntarily and in public. The auction is held in the name of the vendor and for his account.
The auctioneer is legally obliged to name buyers as well as  sellers upon request of the respective other contracting party. The auctioneer is authorized to assert all rights of the seller arising from his contracts and from the awarded bids in his own name.

2. Lots are knocked down to the highest bidder after the third call. However, the auctioneer has the right to refuse to knock down lots, to divide, recombine or withdraw them. In unclear cases the auctioneer has the right to re-offer the lot.

     For the respective prices the minimum increases amount to:

    to Euro 25,- Euro 1,-
from Euro 25,- to Euro 50,- Euro 2,-
from Euro 50,- to Euro 250,- Euro 5,-
from Euro 250,- to Euro 500,- Euro 10,-
from Euro 500,- to Euro 2500,- Euro 20,-
from Euro 2500,- to Euro 5000,- Euro 50,-
    above Euro 5000,- Euro 200,-


3. The auctioneer receives a commission from the buyer amounting to 17 % of the hammer price, as well as 1,- Euro for each lot purchased, for the disphto an additional charge for postage + insurance costs will be added. For the commission, the lot fee and the dispatch costs the legal value added tax is charged (19 %). For the lots marked “+” domestic buyers and buyers from within the European Union an additional value added tax on the hammer price. For delivery to countries not belonging to the European Union the value added tax does not apply, if the mailed by the auctioneer.

4. Bidders are abliged to take the lots knocked down to them. On the fall of the hammer the liability for risk of all losses or defects that may occur is passed on to the buyer. Property of the item bought at the auction is transferred to the buyer after payment has been made in full to the auctioneer. The lots have to be taken over immediately after the auction. In case the buyer wishes shipping, the cost of mailing is at this cost and risk.

5. Whoever makes a bid for a third party, will be liable as joint debtor besides that party. The amount of the invoice is to be paid immediately by floor-bidders, otherwise on receipt of the invoice.

6. The auctioneer reserves the right to exclude persons from the auction without giving any  reasons.

7. The descriptions of the catalog provided to the best of our knowledge and belief are no warranted properties. The auctioneer is not liable for any defects. He commits himself, however, to transmit without delay complaints about defects to the consignor, the latter having to be brought to his attention two weeks after closure of the auction at the latest. In case of reserved transaction the auctioneer will reimburse the purchase price to the buyer; any further claims are excluded. Defects already visible in the illustrations do not give cause for complaint.
    Accumulations, remaining lots or duplicate lots cannot be subject of complaint. The lots provided for the auction     can be viewed before the auction. Incidentally, complaints will be excluded, if stamps have been altered after     handing over. As alterations are also considered the removal of hinges, hinge remainders or paper adhesions,     the immersion in water, the treatment with chemicals and the addition of marks of any sort, in particular control     and secret marks except for those by the Association’s Expertizer.

8. If desired, viewing shipments can be requested immediately after receipt of the catalog at the customer’s cost and risk, if their return is guaranteed within 24 hours. If the return is not in time, the buyer is liable in full for the hammer price. Mint stamps and accumulations cannot be sent on approval.

9. Purchasing contracts in written or via telephone will be fulfilled conscientiously and in compliance with the interests set out according to the Conditions for Auctions (Fig. 2), however without guaranty. In case of bids “at best” or “at any price” or similar offers we shall bid up to three times the start price.

10. In case of default an interest rate of 1 % will be charged for every month starting from the !5th day after the auction or delivery. Besides, the auctioneer can at this option require fulfilment or after setting a deadline claim compensation of damages for non-fulfilment; the compensation of damages can in that case be calculated in a way that the lot can be put up for auction a second time and that the defaulting buyer will be charged for a lower proceed as compared to the former auction and that he will have to be charged the auctioneer’s special costs of the repeat auction inclusive of the commission plus fees.

11. Claims of any kind relating to the seller or the auctioneer will expire 6 months after the auction at the latest.

12. Place of fulfilment and court will be Braunschweig. German law will be apply, the regulations of (international) commercial law will not be valid.

13. Should any of the above conditions be invalid in part or in full, the validity of the remaining conditions will be unaffected.

Karl Pfankuch & Co, Hagenbrücke 19, 38100 Braunschweig
Owner Peter Sieberath, auctioneer for stamps
(Translation of “Versteigerungsbedingungen”, the German text being legally authoritative)