SELLING1. Lots of at least $2.50 Estimated Cash Value (ECV) are encouraged. The Auction Manager reserves the right to break down or combine lots unless specific directions are received. 2. Realistic valuations are encouraged. Lots may be submitted in the following manner: OPEN - no minimum; RES - Reserve i.e. no bids for less than this shall be accepted; and SB-Suggested Bid. If the seller does not classify a lot it shall be treated as OPEN. 3. To minimize unrealistic use of the RES category unsold lots with a reserve will be levied 25 cents lotting fee. 4. It is the best interest of the seller to describe his lot. The Auction Manager will supplement the owner's description in areas that he has sufficient knowledge. 5. The Auction Manager will monitor the seller's descriptions so as to minimize returns. The descriptions should indicate the condition of the cover, postmark, and other markings as appropriate. The following guidelines are provided:
6. Seller should include a self-addressed postcard with shipment. This is used to acknowledge receipt of shipment, state probable sale date, and provide seller's number to new sellers. 7. Every seller shall be supplied a seller's number. This number will be indicated at the end of each description and shall help seller identify own lots in sale e.g. (999). This number will be treated confidentially. 8. Sellers shall receive payment within 3 months from sale date. A commission charge of 15% is charged. If a particular lot is contested by the buyer the seller shall be notified that the payment is being withheld . (See bidding rules) 9. Sellers will be advised of unsold lots and asked for further instructions. In no case will lots be offered in more than 3 sales. Unsold lots are returned to the seller at the seller's expense. 10. Lots shall be submitted to the Auction Manager: Myron Fox, P.O. Box 283, Needham Heights, Mass. 02494-0904 |
BIDDING1. Everyone is eligible to participate. 2. Bids may be submitted on any paper and format. Bids must include bidder's name, membership number , and maximum bid. 3. All lots shall be sold to the highest bidder at a slight advance over the second highest bid in accordance with the following scale: Up to $10.00 by 25 cents; up to $20.00 by 50 cents; up to $50.00 by $1.00; and over $50.00 by $2.00. Bids not properly incremented will be reduced to the next lowest proper number e.g. a bid of $8.40 will be entered as $8.25. 4. In case of tie bids the earliest date of mailing as determined from the postmark shall determine the winner. No bids for less than $2.50 will be accepted. 5. An invoice shall be sent in advance to all successful bidders and lots shall be forwarded upon receipt of payment in US funds with an allowance for personal check processing period. Bidders are expected to remit within 5 days from receipt of invoice. 6. Lots under $15.00 in value shall be sent third class mail uninsured at buyer's risk unless other direction is received from the buyer. Similarly all lots over $15.00 will be sent insured unless specified otherwise. Postage and insurance are paid for by the buyer. 7. Bidders may return items for other than described faults or inaccurate descriptions within 10 days of receipt. All returned lots must be in the condition as received. 8. The bidder may indicate a desire to verify authenticity of an item after receipt. In such cases the payment will be held by the auctioneer for up to 2 months. Expertisation fees are born by the buyer. 9. The Auction Manager reserves the right to withdraw any lot prior to sale. 10. Title shall remain with the Military Postal History Society, acting in behalf of the seller, until full payment is received. The Auction Manager shall regulate the bidding and reserve the right to reject any bid not considered to be in good faith. 11. The Auction Manager will answer reasonable questions about lots if a stamped self addressed envelope and copying costs are enclosed with the inquiry. 12. Prices realized shall be provided each buyer and seller at time of settlement. Prices realized will be sent to unsuccessful bidders who include a self addressed stamped envelope with their bids. |
Updated: 18 October 2007