Terms & Conditions

All auction winners will be contacted via mobile phone or/and email by NKF, to finalise payment of the auction item(s).

Terms & Conditions of Sale:

The property offered in this auction and listed in the respective catalogue will be sold by the respective organisation.

Any questions in relation to the auction should be directed to The National Kidney Foundation.

All bidders participate on the following terms and conditions which govern the sale of all the property offered (as amended by any posted notices or oral announcements during the auction). By bidding, the bidder agrees to be bound by these Conditions of Purchase:

1. The National Kidney Foundation & Art Outreach (hereinafter referred to as “Auctioneers”) do not assume any risk, liability or responsibility for the authenticity or the authorship of any property identified in this catalogue (that is, the identity of the creator or the period, culture, source or origin, as the case may be, with which the creation of any property is identified herein).

• All property is sold with all faults imperfections and errors of description and the Auctioneers do not make any representations or warranties of any kind or nature, expressed or implied with respect to the property and in no event shall any one of them be responsible for the correctness of any descriptions of property, nor deemed to have made, any representations or warranties of physical condition, size, quality, rarity, importance, genuineness, attribution, authenticity or provenance of the property. No statement in the auction catalogue or other description made at sale, in any sale invoice or elsewhere, shall be deemed such a representation or warranty.

• Prospective bidders should inspect the property before bidding to determine its condition, size and whether or not it has been repaired or restored.

• Property may be offered subject to reserves. The highest bidder shall be deemed to have purchased the offered lot subject to all of the conditions set forth herein and thereupon (a) assumes the risk and responsibility thereof, (b) will sign a confirmation of purchase thereof and (c) will pay the full purchase price or such part as the Auctioneers may require. The Auctioneers will not release a lot to a successful buyer until payment of the total amount due has been made. If the property is not so removed, it may be sent by the Auctioneers at its discretion to storage for the account, risk and expense of the purchaser and such charges will then be added to the purchase price of the property. If the foregoing conditions and other applicable conditions are not complied with, in addition to other remedies available to the Auctioneers by law including, without limitation, the right to hold the purchaser liable for the bid price, The Auctioneers, at its option, may either (a) cancel the sale, retaining as liquidated damages all payments made by the purchaser or (b) resell the property on three days notice to the purchaser and for the account and risk of the purchaser, either publicly or privately, and in such event the purchaser shall be liable for payment of any shortfall between the original sale price and the price achieved upon resale, all other charges due hereunder and any incidental damages.

2. Any property may be withdrawn by the Auctioneers at any time before the actual sale.

3. Unless otherwise announced by the Auctioneers at the time of sale, all bids are per lot as numbered in the catalogue.

4. The Auctioneers reserve the right to reject a bid from any bidder. The highest bidder acknowledged by the Auctioneers shall be the purchaser. In the event of any dispute between bidders, the Auctioneers shall have sole and final discretion either to determine the successful bidder or to re-offer and resell the lot in dispute. If any dispute arises after the sale, the sale records of the Auctioneers shall be conclusive in all respects.

5. If the Auctioneers determines that any opening bid is not commensurate with the value of the property, he may reject the same and withdraw the property from sale, and if, having acknowledged an opening bid, he decides that any advance thereafter is insufficient, he may reject the advance.

6. Once the auction is closed, the highest bidder shall be deemed to have purchased the offered lot subject to all of the conditions set forth herein and thereupon (a) assumes the risk and responsibility thereof, (b) will sign a confirmation of purchase thereof and (c) will pay the full purchase price or such part as the Auctioneers may require. The Auctioneers will not release a lot to a successful buyer until payment of the total amount due has been made. If the property is not so removed, it may be sent by the Auctioneers at its discretion to storage for the account, risk and expense of the purchaser and such charges will then be added to the purchase price of the property. If the foregoing conditions and other applicable conditions are not complied with, in addition to other remedies available to the Auctioneers by law including, without limitation, the right to hold the purchaser liable for the bid price, The Auctioneers, at its option, may either (a) cancel the sale, retaining as liquidated damages all payments made by the purchaser or (b) resell the property on three days notice to the purchaser and for the account and risk of the purchaser, either publicly or privately, and in such event the purchaser shall be liable for payment of any shortfall between the original sale price and the price achieved upon resale, all other charges due hereunder and any incidental damages.

7. Payments for purchases must be made in Singapore Dollars (SGD) either by cash, cheque or credit card.

8. In no circumstances will the Auctioneers rescind any purchase made or refund the amount paid in respect of any lot.

9. If any tax on the sale of the lot is applicable, this will be borne by the purchaser.

10. Should a dispute arise between bidders, or should the Auctioneers doubt the validity of any bid, the Auctioneers shall have the absolute right to resolve the dispute, re-offer, re-sell, or withdraw the lot in question.

11. These Conditions of Sale, as well as the purchaser’s, Auctioneers’ representative rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of Singapore. By bidding at an auction, whether present in person or by agent, the purchaser shall be deemed to have consented to the exclusive jurisdiction of Singapore Courts.

12. Applicable tax-deductible receipts will be issued in accordance with IRAS guidelines.