Good condition, stamped 750 for 18-carat white gold, engraved 0.69 stating total diamond weight

Condition Report: we are pleased to provide you with general guidance on the condition of property. Olympia Auctions is not entering into a contract with you in respect of the Condition Report and accordingly does not assume responsibility to you in respect of it. The Condition Report represents Olympia Auctions’ reasonable opinion as to the Lot’s general condition in the terms stated in the particular report, and Olympia Auctions does not represent or guarantee that a Condition Report includes all aspects of the internal or external condition of the Lot. Any images provided of the Lot may not accurately reflect the actual condition of the Lot nor its true colour or shade. The responsibility for ascertaining the condition of the Lot remains with the purchaser and prospective buyers should inspect each Lot to satisfy themselves as to condition. NOTWITHSTANDING THIS REPORT OR ANY DISCUSSIONS CONCERNING A LOT, ALL LOTS ARE OFFERED AND SOLD “AS IS” IN ACCORDANCE WITH OUR CONDITIONS OF BUSINESS.

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Auction: Jewellery, 23rd May, 2024

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PUBLIC EXHIBITION

Monday 20th May 10:00pm - 8:00pm

Tuesday 21st May 10:00am - 5:00pm

Wednesday 22nd May 10:00am - 5:00pm

View all lots in this sale

TERMS OF SALE FOR ONLINE AUCTIONS

The sale of goods at our Online Auctions (as defined below) and your relationship as Buyer/Bidder with us and the Seller are governed by these Terms of Sale for Online Auctions, our Privacy Notice, the Important Information for Buyers and, in relation to specific lots, any notices that are displayed on the listing for that lot at the time of the auction (collectively, the “Terms and Conditions of Business”). These Terms of Sale for Online Auctions are available on our Website.

Please read these Terms of Sale for Online Auctions carefully. Please note that if you (or another person acting on your behalf) register to bid and/or bid at auction this signifies that you agree to and will comply with these Terms of Sale for Online Auctions.

Please note that these Terms of Sale for Online Auctions relate to auctions held online only. We have separate terms for auctions held at our premises.

1. Definitions and interpretation
   • To make these Terms of Sale for Online Auctions easier to read, we have given the following words a specific meaning:

• “Auctioneer” means Olympia Auctions Ltd, a company registered in England and Wales with registration number 07982062 and whose registered office is located at 25 Blythe Road, London W14 0PD or its authorised auctioneer, as appropriate. The term “Auctioneer” includes the “Bidding Platform” where appropriate;
• “Art Market Participant” means an art market business registered with HMRC under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended);
• “Bidder” means a person participating or planning to participate in bidding at our Online Auction;
• “Bidding Platform” means the online bidding platform on which the Online Auction is operated by the Auctioneer, or by a third party service provider on the Auctioneer’s behalf;
• “Bidding Platform Fee” means the fee set out in the Important Information for Buyers;
• "Business Day" means any day that is not a weekend or public holiday in England and the Auctioneer is open for business;
• “Buyer” means the Bidder who makes the highest bid for a Lot accepted by the Auctioneer, including a Buyer's Principal when acting as agent;
• "CITES Regulation" means the Convention on International Trade in Endangered Species of Wild Fauna and Flora;
• “Contract” means the contract between the Seller and you referred to at Clause 12;
• “Consumer” meansan individual acting for purposes which are wholly or mainly outside that individual’s trade, business, craft or profession;
• "Consumer Rights Directive" means the EU Consumer Rights Directive and any implementing legislation;
• "Deliberate Forgery" means:
• (a) a copy or imitation made in our reasonable opinion with the intention of deceiving as to authorship, attribution, authenticity, origin, date, age, period, culture, provenance, source or material;
• (b) described in the catalogue entry (as amended by any saleroom or Website notice) as being the work of a particular creator without qualification or any indication that there may be any uncertainty or conflict of opinion in relation to the work being such a copy or imitation; and
• (c) which at the date of the auction or sale had a value materially less than it would have had if it had been as described;
• "Estimate" means the price range within which, in our opinion, a Lot may reasonably be expected to sell. A reference to the "low Estimate" means the lower price in such price range;
• "Hammer Price" means the level of the highest executed bid for a Lot (at or above any Reserve) when the Listing Period for the Lot ends;
• “Listing” means a listing of a Lot for sale on the Website or Bidding Platform;
• “Listing Period” means the period during which Bidders may place bids to purchase a Lot;
• “Lot(s)” means an item offered for sale or a group of items offered together;
• “Money Laundering Legislation” means the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (as amended) and related legislation, together with any applicable terrorist financing and legislation on Restrictive Measures;
• "Online Auction" means an auction held over the Website or any Bidding Platform where members of the public are not given the possibility of attending the sale in person;
• “Order Confirmation” means the email confirmation that we send to you to confirm that we have accepted your bid to purchase a Lot;
• "Pledge" means any security or charge over the Lot in favour of ourselves or any third party;
• “Principal” means a person or entity you are acting on behalf of for the purposes of the purchase of the Lot(s);
• “Premium” means the fee in addition to the Hammer Price that we will charge you on your purchase of a Lot to be calculated as set out in Clause 1.2;
• “Recorded Delivery” means a method of delivery pursuant to which the sender receives a confirmation that a letter has been posted and a signature is obtained from the recipient as a record that it has been delivered;
• “Reserve” means the minimum Hammer Price at which a Lot may be sold;
• “Restrictive Measures” means economic or financial sanctions, export controls, embargoes or any other restriction on trade under the laws of the European Union, the United Kingdom or the United States, or in the jurisdiction in which you, your Principal, or any agent acting for you does business;
• "Sale Proceeds" means the net amount due to the Seller;
• “Seller” means the person(s) who consign Lots for sale at our Online Auctions;
• “Services” means the auction-related services that we agree to provide you, including the maintaining of the Website with descriptions of the Lot(s), the provision of a Bidding Platform, the coordination of your potential purchase via such online auction and/or storage and warehousing services;
• "Tax" means any tax, levy, impost, duty or other charge or withholding of a similar nature in any jurisdiction (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) and "Taxes" shall be construed accordingly;
• "Terms of Consignment " means the terms on which we agree to offer Lots for sale as agent on behalf of Sellers;
• “Terms of Sale for Online Auctions” means these terms of sale for online only auctions, as amended or updated from time to time;
• "Total Price" means the fee that we will charge you as set out at Clause 8;
• “Trader” means a person who is acting for purposes relating to that person’s trade, business, craft or profession, whether acting personally or through another person acting in the trader’s name or on the trader’s behalf;
• “VAT” means Value Added Tax in the UK and any other Tax of a similar nature in any jurisdiction (including any penalty or interest payable in connection with any failure to pay or any delay in paying any of the same) at the rate from time to time applicable; and
• “Website” means the Auctioneer's website. 

In these Terms of Sale for Online Auctions the words “you”, “yours”, etc. refer to you as the Buyer. The words “we”, “us”, “our” etc. refer to the Auctioneer. Any reference to a ‘Clause’ is to a clause of these Terms of Sale for Online Auctions unless stated otherwise. A reference to legislation or a legislative provision is a reference to it as amended, extended or re-enacted from time to time. We may change our Terms from time to time, without notice to you.

2. Information that we are required to give to Consumers
   • A description of the main characteristics of a Lot is contained in the Listing for that Lot. This description will also be contained in the Order Confirmation referred to in Clause 11.
   • A description of our Services, as set out in these Terms of Sale for Online Auctions.
   • Our name, address and contact details as set out herein and/or on our Website.
   • The technical means for concluding the contract to buy Lots are set out in Clause 4. If you have made a mistake in inputting information prior to submitting your bid, please click on the back arrow and you will be able to change it.
   • The price of the Lot and arrangements for payment as described in Clauses 8, 9, 11, 14 and the manner in which our storage charges (as part of the Services) are calculated (see Clause 6).
   • The arrangements for collection of the Lot as set out in the Order Confirmation and in Clauses 15 and 19.
   • Your right to cancel your purchase of a Lot and to receive a refund as set out in Clause 16 (provided you return the Lot to us at your own cost) and a copy of the Model Cancellation Form (attached).
   • Your right to cancel our Services as set out in Clause 18, a copy of the Model Cancellation Form (attached), information on your obligation to pay for Services supplied up to cancellation, and confirmation of the loss of the right to cancel if we have performed our Services in full.
   • Your right to return a Lot and receive a refund if the Lot is a Deliberate Forgery as set out in Clause 23.
   • We and Trader Sellers have a legal duty to supply any Lots to you in accordance with these Terms of Sale for Online Auctions.
   • We also refer you to your warranties as a Bidder and Buyer as set out in Clause 7.
   • If you have any complaints, please send them to us directly at the address set out on our Website.
3. Bidder registration
   • You must register your details with us and login to our Website/the Bidding Platform before bidding and provide us with any requested proof of identity, billing information and any further client due diligence information and documentation that we require, in a form acceptable to us (more details are set out at Paragraph 1.13 of the Information for Buyers).
   • We may at our complete discretion refuse to register any Bidder, delay registration or disable a Bidder's access to our Website/the Bidding Platform if we are not satisfied with the information or documentation provided or the Bidder's creditworthiness, including if the Bidder has previously defaulted in paying for or collecting purchases in any of our auctions, or at any other auction house.
   • We will send you confirmation by email that you have completed the registration process and have approval to bid in our auctions.
   • If you are a returning Bidder, we may at our discretion require that you provide updated identity and other documentation before permitting you to bid in an auction.
   • We do not undertake to register any Bidder in time for any specific auction.
   • If you are bidding on behalf of another person, you will need to disclose such information in advance of the auction and that person may also need to complete our registration and client due diligence process and provide us with written authority to accept bids from you on his/her/its behalf. If we are not informed of these arrangements in advance of an auction or do not have clear written authority in place, you will be deemed to be bidding as principal for your own account.
   • If you intend to bid on a Lot using pre-approved financing by a third party lender, you must notify us at the time of registration or at the time of securing financing, obtain our agreement to the arrangements and provide any further information or documentation that we require.
   • You may de-register at any time on request. This will leave any accrued rights and obligations unaffected.
   • We reserve the right, where we deem we are so required for regulatory purposes, to reveal your identity and contact details (and those of your Principal) to the Seller. You must also satisfy any security arrangements we have in place before using our online auction room to bid on any Lot.
4. BIDDING PROCEDURES
   • Your contract with us for the Services will be formed when you register your details on our Website/the Bidding Platform, and we will send you a confirmation of the information listed in Clause 2 upon registration. You may register on our Website less than fourteen days before an online auction. By registering on our Website/the Bidding Platform, you acknowledge that you are asking us to start performing the Services before the end of the cancellation period (see Clause 18).
   • Bids can only be placed during the date and time period that bidding is open, which will be displayed on our Website. The Bidder placing the highest bid for a Lot accepted by the Auctioneer at the end of the Listing Period will be the Buyer at the Hammer Price and bound by the contract formed pursuant to Clause 2 and governed by the Terms and Conditions of Business, unless the Auctioneer has for any reason at its/his/her option refused the bid, reopened the bidding or cancelled the sale and reopened the Lot.
   • We may at our sole discretion and without any liability to you:
     • suspend your account at any time;
     • refuse to accept any bid;
     • reopen bidding after it has closed whether during or after the auction;
     • withdraw a Lot at any time prior to or during the sale of the Lot;
     • divide a Lot or combine one or more Lots; and/or
     • cancel a sale and re-offer a Lot.
   • We may withdraw a Lot at any time prior to or during the sale of the Lot or cancel an auction. We will not be liable to you for our decision to withdraw a Lot or cancel an auction.
   • A countdown timer is displayed for each Lot listed showing the time left before bidding closes on that Lot.
   • While bidding is active, the Bidder can enter a maximum bid at any time. The Bidder will receive a confirmation email acknowledging the bid and confirming whether it is the winning bid at the time of submission. You will also receive notification by email if you have been outbid on a Lot.
   • Bids can be revised to the extent that they have not already been executed prior to the end of the Listing Period.
   • All bids have a time stamp and are prioritised strictly in the time order that they are received. If you wish to cancel a bid, please notify us in writing at enquiries@olympiaauctions.com. Any such notification must be submitted by no later than 48 hours before the end of the Listing Period.
   • All bidding will be in the currency of the sale location.
   • Bidders will be deemed to act as principals (in other words, acting for their own account and not on behalf of someone else), even if the Bidder is acting as an agent for a third party.
   • We may at our sole discretion refuse to accept any bid.
   • If you make a successful bid but in our opinion you do not satisfy our client due diligence requirements, including, but not limited to, completing any anti-money laundering and/or anti-terrorism financing checks to our satisfaction, we may cancel the contract for sale between you and the Seller. Upon notice of our election to cancel the contract for sale, you must promptly return the Lot to us and we will then refund the Total Price paid to us. The refund shall constitute the sole remedy and recourse you may have against us and the Seller with respect to such cancelled sale.
   • Bidding increments will be at our sole discretion.
   • Any dispute about a bid will be settled at our sole discretion, giving due consideration to any circumstances and acting reasonably. We may settle disputes at our discretion in any way we think fit including by re-offering the Lot and our decision will be final. If there is any discrepancy between our record of an auction and the information provided in any communication to you, our record will prevail.
5. INSPECTION OF LOTS
   • The Auctioneer provides descriptions, Estimates, illustrations and condition reports (on request) to assist Bidders in deciding whether to bid on a Lot but subject to Clause 22 accepts no responsibility for their accuracy.
   • Lots may be available for viewing on request in person at our premises or another location. Viewing information will be available on our Website. Where a Lot is made available for inspection, we strongly recommend that you inspect any Lots that you are interested in prior to bidding at the auction. You are responsible for your decision to bid for a particular Lot and for undertaking your own due diligence in relation to the Lot. If you bid on a Lot, you will be deemed to have carefully inspected the Lot and satisfied yourself regarding its suitability, quality and condition.
6. ESTIMATES

Estimates are provided as a guide to what, in our opinion, the sale price of a Lot is reasonably likely to be. The Estimate is not a guarantee of what the actual selling price or value may be and cannot be relied on as such. The Estimate does not take into account Premium, VAT or any other applicable charges.

7. Buyer Warranties
   • You warrant to us, and where you are acting on behalf of someone else (your Principal), you will procure that your Principal warrants to us, that:
     • any client due diligence information or documentation provided to us in accordance with Clause 2 is and continues to be true and accurate;
     • any bids you place, or which are placed on your behalf, are not part of any collusive or other anti-competitive arrangement and are not in breach of any applicable law;
     • the funds used for the purchase of the Lot(s) are not connected with nor are derived from any criminal activity, including without limitation Tax evasion, money laundering or terrorist financing and are not attributable, either directly or indirectly to an individual or entity that is subject to Restrictive Measures;
     • neither you, nor any agent acting for you, nor your Principal, are engaged in, or under investigation for, nor have you been previously charged with or convicted of any offences in relation to, without limitation, Tax evasion, money laundering, terrorist financing, fraud or other criminal activities; and
     • you are not and have no reason to suspect that you, nor any agent acting for you, nor your Principal, not the ultimate Buyer are subject to Restrictive Measures or owned, partly owned or controlled by person(s) subject to such Restrictive Measures.
   • Where you are bidding on behalf of another person (your Principal) and you are an Art Market Participant, you warrant that:
     • you have authority to bid on that Lot on behalf of your Principal;
     • you have been placed in funds by your Principal to cover the Total Price and any additional fees and charges;
     • you have conducted appropriate customer due diligence on your Principal in accordance with all applicable Money Laundering Legislation and have obtained and kept a record of documents required to establish your Principal's identity;
     • upon request, you will provide us or any independent third party auditor (employed at our cost) with any identification and any other relevant documentation you have obtained for customer due diligence purposes on your Principal of the Lot;
     • you consent to us relying on this due diligence; and
     • you will retain for a period of not less than five years the documentation evidencing the due diligence.
   • Where you are acting on behalf of another person (your Principal) and you are not an Art Market Participant, you warrant that you will provide accurate and complete information about your Principal to us.
8. OUR CHARGES
   • As Buyer, you will pay us:
     • the Hammer Price;
     • a Premium of 25% of the Hammer Price;
     • any artist’s resale right royalty  payable on the sale of the Lot (as set out at Clause 10); and
     • any VAT, import VAT or other duties, fees or Taxes applicable to the Lot (as set out at Clause 9);
     • any additional charges payable by a late paying or defaulting Buyer under these Terms of Sale for Online Auctions; and
     • any Bidding Platform Fee.

9. VAT and other duties
   • You shall be solely responsible for ascertaining the overall cost of your bid and the payment of any applicable VAT and other fees, Taxes or duties payable in addition to the Hammer Price and Premium (where applicable) due for a Lot. Please see the symbols used in the online auction catalogue for that Lot and the “Information for Buyers” for further information.
   • We will charge VAT and other duties, fees and Taxes at the current rate at the date of the Online Auction.
   • For Lots offered under the rules for the Auctioneers’ Margin Scheme, VAT at the standard rate will be charged on the Premium. This VAT cannot be itemised separately on our invoices and is not reclaimable by UK VAT registered Sellers.
   • For Lots offered under the Temporary Admission VAT rules, the VAT may not be shown separately on our invoices because of Tax legislation. You may be eligible to have a VAT refund in certain circumstances if the Lot is exported.
10. ARTIST'S RESALE ROYALTY
    • Works by certain artists sold in the EU and UK are subject to royalty fees accruing to the artist on their estate. The fees are levied in euros on a sliding scale relative to Hammer Price and capped at €12,500 per item. We will collect these fees from you on behalf of the artist and add the GBP Sterling equivalent amount to your invoice calculated at the date of the auction by reference to the closing rate of exchange at the Bank of England.
    • Lots that may be subject to artist's resale right are marked in the catalogue with the symbol "".
    • If applicable, artist's resale royalties (in Euros) are charged at:
      • 4% of the Hammer Price up to €50,000;
      • 3% of the Hammer Price from €50,000.01 to €200,000;
      • 1% of the Hammer Price from €200,000.01 to €350,000;
      • 5% of the Hammer Price from €350,000.01 to €500,000; and
      • 25% of the Hammer Price above €500,000, subject to an overall cap of €12,500.

11. Order confirmation process
    • Once we have received your successful bid on a Lot, an automated confirmation of receipt will be displayed on the online auction page of the Bidding Platform. Please note that this does not mean that your bid has been accepted or that a contract has been made. We will confirm acceptance of your bid to you by sending you an Order Confirmation by e-mail which confirms that we have accepted your bid and that the Lot will be ready for you to collect at the given location following our receipt of the Total Price from you in cleared funds. The contract between the Seller and you (the “Contract”) will only be formed when we send you the Order Confirmation.
    • The Order Confirmation will include the following information:
      • the description of the Lot that you have successfully bid for;
      • the Hammer Price for the Lot that you have successfully bid for plus the Premium and any applicable VAT or artist’s resale right royalty;
      • confirmation of the arrangements for your payment for and collection of the Lot;
      • details of your right to cancel the Contract and a model cancellation form;
      • details of our legal duty to supply the Lot in conformity with these Terms of Sale for Online Auctions;
      • our identity, address and contact details (including our telephone number, fax number and e-mail address, where available), and how you can complain;
      • the identity of the Seller and the Seller’s business address if the Seller is a Trader;
      • details of your right to return the Lot and receive a refund if the Lot is a Deliberate Forgery; and
      • a copy of the Terms of Sale for Online Auctions.
    • We reserve the right to cancel the Contract on behalf of the Seller in (amongst others) the following situations in this Clause 3 and Clause 11.4, without being liable for any damage or costs:
      • your contact or billing information is not correct or not verifiable;
      • your bid is flagged up by our security systems as an unusual bid or a bid susceptible to fraud; or
      • your payment is not received within five Business Days of our acceptance of your bid.
    • In addition to any other rights we may have to cancel a contract for sale under these Terms of Sale for Online Auctions, we may delay completion of a sale, delay release of a Lot or cancel the sale of a Lot in the event:
      • you are in breach of your warranties in Clause 7; or
      • we have not completed our enquiries pursuant to the Money Laundering Regulations and related legislation to our satisfaction; or
      • we have reason to believe that the transaction might be unlawful for any reason, or that the sale might put us under any civil or criminal liability.

12. The contract between you, US and the Seller
    • Unless the Auctioneer is selling on its own behalf, the Auctioneer acts as agent for and on behalf of the Seller and the contract for sale is between the Buyer and the Seller.
    • As set out at Clause 11 above, we will confirm acceptance of a successful bid for a Lot to you by sending you an Order Confirmation by e-mail. The contract for the purchase of the Lot between you and the Seller will be formed when we send you the Order Confirmation.
    • The contractual relationship between Bidders or Buyers, the Auctioneer and the Seller in relation to any Online Auction is governed by the Terms and Conditions of Business.
    • As agent for the Seller, we will not have any responsibility for any default or breach of obligations by you or the Seller (unless we are the Seller of the Lot). You may directly enforce any terms in the Terms of Consignment against a Seller to the extent that you suffer damage and/or loss as a result of the Seller’s breach of the Terms of Consignment.
    • If you breach these Terms of Sale for Online Auctions, you may be responsible for damages and/or losses suffered by a Seller or us. If we are contacted by a Seller who wishes to bring a claim against you, we may at our discretion provide the Seller with information or assistance in relation to that claim.
    • If you purchase an unsold Lot after an auction, the contract for sale is formed when the sale is agreed in writing and the Total Price of the Lot shall be as set out at Clause 8 except that any reference to Hammer Price shall be read as the agreed sale price. So far as appropriate, the remainder of these Terms of Sale for Online Auctions shall apply to the sale as they would to an auction sale.
13. Data check

When you submit a successful bid, we may run some checks on it before it is fulfilled. These checks may include verifying your address, creditworthiness, and checking for fraud. As to the latter, we run partly automated checks on all bids to filter out unusual or suspect transactions, or transactions which can be identified as susceptible to fraud. Suspected fraud on our Online Auctions will be investigated and if necessary prosecuted. By submitting your bid, you agree to this.

14. Payment
    • Following your successful bid on a Lot you will:
      • immediately give to us, if not already provided to our satisfaction, any further proof of identity source of funds, or client due diligence documentation in a form acceptable to us (and any other information that we require in order to comply with our anti-money laundering obligations, please refer to Paragraph 1.13 of the Information for Buyers); and
      • unless we have agreed otherwise and subject to the terms of any Pledge, pay us the Total Price within 3 Business Days of the date of the auction in cleared funds in GBP Sterling in any way that we agree to accept payment including in cash (for which there is an aggregate upper limit of £6,000 for all purchases made in any auction) Please see the Important Information for Buyers for further information about how to make a payment.
    • If payment is late, we reserve the right to charge interest on the Total Price or any part thereof in accordance with Clause 19.1.5.
    • If you owe us any money, we may use any payment made by you to repay the amounts owed by you before applying such monies towards your purchase of the Lot(s).
    • All Lots sold will be invoiced in the name of the registered Bidder at the address given to us at the time of registration and cannot be transferred to other names or addresses.
15. Title and collection of purchases
    • While you are bound by the contract for the purchase of the Lot from us sending the Order Confirmation, the transaction is not completed and ownership in the Lot will not pass to you until:
      • we have received the Total Price in full and cleared funds for that Lot;
      • you have provided us with the information set out in Clause 3 and provided your continuing compliance with Clause 7; and
      • we have completed our enquiries pursuant to the Money Laundering Legislation to our satisfaction.
    • You may not claim or collect a Lot until:
      • you have paid for it;
      • ownership has passed to you; and
      • any applicable storage charge applicable under Clause 6 and accrued up until the day of collection have been paid in full by you (at law, the right for a professional to hold on to goods until its services have been paid for is called a “lien”).
    • We may (i) refuse to accept payment, (ii) refuse to release the Lot or any other property to you, (iii) cancel the contract for the sale between you and the Seller or (iv) withhold any refunds you would otherwise be entitled to if we require further information or verification and until we satisfy ourselves of the client due diligence and source of funds related to the transaction.
    • For any Lots stored at a third-party location and not available for collection from our premises, your provision to us of instructions authorising the release to you or your agent shall constitute collection by you.
    • Unless notified otherwise, and subject to the passing of ownership in the Lot to you under Clause 1, you will (at your own expense) collect any Lots that you have purchased and paid for at the location notified in the Order Confirmation either:
      • not later than 5 Business Days following the day of the auction; or
      • not later than 5 Business Days following the date that we have received payment of the Total Amount Due in cleared funds, if later.
    • Subject to Clause 1, if you do not collect the Lot within any of the time periods set out at Clause 15.5 above, we shall start charging a minimum warehousing charge of £10 per Lot per day plus any applicable VAT, starting from the latest of the time periods to the date of collection (inclusive). You will also be responsible for any reasonable removal, storage and insurance charges in relation to that Lot.
    • Risk of loss or damage to the Lot will pass to you when you purchase the Lot. Once risk passes to you, you irrevocably release us, our offices and employees, agents, and the Seller from any and all claims, causes of action, liabilities, damages, losses and expenses (including but not limited to reasonable legal fees) for loss or damage to the Lot.
    • Subject to Clause 1, if you do not collect the Lot that you have paid for within 28 days of the date of the auction, we may sell the Lot by auction or private treaty with the Estimate and Reserve or purchase price, as applicable, set at our discretion. We will pay the proceeds of any such sale to you, but  will deduct any storage charges or other sums that we have incurred in the storage and sale of the Lot and any other sums owed to us by you. We reserve the right to charge you a selling commission at our standard rates on any such resale of the Lot.
16. Consumer’s right to cancel the Contract
    • If you purchase a Lot at an Online Auction and you are contracting as a Consumer habitually residing in the UK or the EU and the Seller of a Lot is a Trader, you will have a statutory right under the Consumer Rights Directive to cancel the contract for your purchase of that Lot without giving any reason conditional upon satisfaction of the requirements set out at Clause 2 to 17.3. The provisions below set out your legal right to cancel. If the Lot is being sold by any person or entity other than a Trader, the right to cancel does not apply. Further advice about your legal right to cancel your purchase is available from your local Citizens Advice Bureau or Trading Standards Office.
    • If applicable, you may exercise the right to cancel from the date of purchase of the Lot in the Online Auction for a period of 14 days starting on the day after the day on which you acquire, or a third party other than the carrier and indicated by you acquires, physical possession of the Lot (the "Cancellation Period"). Where the Lot consists of more than one item delivered separately, the Cancellation Period will expire 14 days from acquiring physical possession of the last item within the Lot.
17. Exercising the consumer’s right to cancel the Contract
    • In order to exercise your right to cancel your purchase, you must inform us clearly in writing (by letter sent by post or email) of your decision to cancel the contract within the Cancellation Period. To meet the cancellation deadline, it is sufficient for you to send your communication within the Cancellation Period even if we do not receive it before the Cancellation Period has expired (the cancellation is effective from the date you send us the email or post the letter to us). You may, but are not required to, notify us by using the model cancellation form set out below. 
    • Model cancellation form:

To: Sale Administration Team, Olympia Auctions Ltd, 25 Blythe Road, London W14 0PD, enquiries@olympiaauctions.com

I/We [*] hereby give notice that I/We [*] cancel my/our [*] contract of sale of the following goods [*]:

Auction Title:

Auction Date:

Lot No:

Brief Description of Lot:

Bid successfully on [*]/received on [*]:

Name of consumer(s):

Address of consumer(s):

Signature of consumer(s) (only if this form is notified on paper):

Date:

[*] Delete as appropriate

• You must return the Lot to us without undue delay and in any event not later than 14 days from the day on which you communicate your cancellation of the contract to such address as we specify. The deadline is met if you send back the Lot before the period of 14 days has expired.
• You will bear the direct cost of returning the Lot. We cannot provide an estimate of the cost of returning any Lot as we do not arrange delivery ourselves.
• If you exercise your right to cancel your purchase, you will receive a refund of the Price paid for the Lot in accordance with Clause 17.
• You are entitled to a reasonable opportunity to inspect the Lots you have purchased (which will include removing them from their packaging and inspecting them). At all times, you must take reasonable care of the Lots and must not let them out of your possession. If you are in breach of your obligations to take reasonable care of the Lots in this Clause 17.9, we will have a claim against you and may deduct from the refund costs incurred by us as a result of the breach. We are permitted by law to reduce your refund to reflect any reduction in the value of the Lot, if this has been caused by your handling of the Lot in a way contrary to the conditions specified in these terms or which would not be permitted during a pre-sale exhibition held prior to an auction. If we refund you the price paid before we are able to inspect the Lot and later discover you have handled the Lot in an unacceptable way, you must pay us an appropriate amount.
• Details of this statutory right, and an explanation of how to exercise it, are also provided in the Order Confirmation. This provision does not affect your statutory rights.
• The cancellation right described in this Clause is in addition to any other right that you might have to reject a Lot, for instance because it is a Deliberate Forgery as set out in Clause 23 below.
• Where you have validly returned a Lot to us under your right of cancellation described in Clause 16, we will refund the full amount paid by you for the Lot. This does not include costs of delivery as we do not provide a delivery service or any fees, taxes or duties paid to other parties in relation to the Lot, including in order to export or import the Lot.
• You will be responsible for returning the Lot to us at your own cost.
• We will process any refund due to you within the deadlines below:
  • if you have collected the Lot but have not returned it to us: fourteen days after the day on which we receive the Lot back from you or, if earlier, the day on which you provide us with evidence that you have sent the Lot back to us; or
  • if you have not collected the Lot or you have already returned the Lot to us: fourteen days after you inform us of your decision to cancel the Contract.
• We will refund you using the same means of payment that you used for the transaction.
• Legal ownership of a Lot will immediately revert to the Seller (or us if we are the Seller) if we refund any such payment to you.
• For further information on how to return Lots to us, please get in touch with us using the contact details provided on our Website.

18. Right to cancel our services
    • Separately from your right to cancel your contract with the Seller per Clause 1 (where applicable), you will have the statutory right under the Consumer Rights Directive to cancel the contract for the Services we provide you in connection with your purchase of the Lot from the Seller..
    • If applicable, you may exercise the right to cancel the contract for our Services from the day the contract is formed for a period up to the end of the fourteenth day after the date of formation of that contract (the "Cancellation Period")..
    • In order to exercise your right to cancel the contract for Services, you must inform us clearly in writing (by letter sent by post or email) of your decision to cancel the contract for Services within the Cancellation Period. To meet the cancellation deadline, it is sufficient for you to send your communication within the Cancellation Period even if we do not receive it before the Cancellation Period has expired (the cancellation is effective from the date you send us the email or post the letter to us). You may, but are not required to, notify us by using the model cancellation form set out below.
    • Model cancellation form

To Sale Administration Team, Olympia Auctions Ltd, 25 Blythe Road, London W14 0PD, enquiries@olympiaauctions.com

I/We [*] hereby give notice that I/We [*] cancel my/our [*] contract of sale of the supply of the following service [*]:

Date of registration for the service [*]:

Name of consumer(s):

Address of consumer(s):

Signature of consumer(s) (only if this form is notified on paper):

Date:

[*] Delete as appropriate

• You request that we begin the performance of our Services during the cancellation period. You shall pay us an amount which is in proportion to what has been performed until you have communicated us your cancellation from this contract. You acknowledge that if any of our Services are fully performed by the time the contract for our Services is cancelled, we will not reimburse you for such fully performed Services.

19. Remedies for non-payment or failure to collect purchases
    • Please do not bid on a Lot if you do not intend to buy it. If your bid is successful, these Terms of Sale for Online Auctions will form your contract of purchase. This means that you will have to carry out your obligations set out in these Terms of Sale for Online Auctions. Subject to any cancellation of a purchase under Clauses 16 and 17, if you do not comply with these Terms of Sale for Online Auctions we may (acting on behalf of the Seller and ourselves) pursue one or more of the following measures:
      • take legal action against you to recover the Total Price and/or pursue damages for breach of contract, including any fees, interest, legal expenses or other costs that we incur;
      • reverse the sale of the Lot to you and/or any other Lots sold by us to you (in which case we may charge you an administration fee of £150 plus VAT per Lot or, if lower, the Total Price of the Lot and retain any partial payment of the Price as liquidated damages;
      • cancel the sale of the Lot and resell it by auction or private treaty (in which case you will have to pay any difference between the Total Price for the Lot and the Hammer Price we sell it for as well as the charges outlined in Clause 11 and any other costs and expenses or legal fees incurred by us in reselling the Lot or any loss to us of Seller's commission). Please note that if we resell the Lot for a higher amount than the Hammer Price on the sale of the Lot to you, the additional sale proceeds will be paid to the Seller and we will retain any increase in Premium;
      • remove, store and insure the Lot at your sole risk and expense until you pay the Total Price together with any removal, storage and insurance fees as set out in Clause 6 or we agree alternative arrangements;
      • if you do not pay us within three Business Daysof your successful bid, we may charge interest at a rate not exceeding 5% per annum above the HSBC Bank plc base rate on the total amount due, or any part remaining unpaid;
      • assist the Seller in pursuing you for payment and/or damages including by revealing your identity and contact details;
      • keep the Lot, any other Lot sold to you, or any item(s) consigned for sale by you to us as security for payment until you pay the Total Price and at our discretion sell any of your property in our possession and apply the proceeds to the amount owed by you to us after deduction of the commission due to the Seller and any sale expenses including any applicable Taxes;
      • if you owe money to us we can apply any payments including deposits or part payments made by you towards part settlement of the Total Price due for the Lot or any other Lot purchased by you, or to any shortfall on the resale of any Lot pursuant to Clause 1.3 or to any outstanding sums owed by you to us including but not limited to any removal, storage or insurance charges in relation to any Lot that you have purchased or to any loss or damage suffered by us as a result of your failure to comply with these Terms of Sale for Online Auctions;
      • refuse to allow you to register you to bid, reject or ignore bids from you or your agent at future auctions, suspend your ability to place bids on the Bidding Platform and/or impose conditions before we accept bids from you;
      • offset any amounts due from you against any amounts that we may owe you, including if we sell any Lots for you; and/or
      • take any other action we consider necessary.

20. EXPORT AND IMPORT RESTRICTIONS
    • Exporting a Lot out of the United Kingdom or importing it into another country may be subject to legal requirements and restrictions depending on factors such as the type of goods, their age and monetary value and destination. It is solely your responsibility to ascertain what the requirements are in relation to any Lot and obtain the necessary endangered species licenses or permits or export or import licence where applicable.
    • Lots made of restricted organic matter or endangered species are identified in the catalogue. These may be subject to prohibitions on export or import pursuant to the CITES Regulation and otherwise may require licences. Subject only to Clause 22.7, you are solely responsible for identifying and obtaining any necessary licence. The information provided in our catalogue reflects our reasonable opinion at the date of publication but is intended as guidance only and neither the Auctioneer nor the Seller make any representation or give any warranty as to whether any Lot is subject to a prohibition or restriction on export or import.
    • You acknowledge that your purchase of the Lot and fulfilment of your obligations under the Terms and Conditions of Business is not conditional on successfully obtaining an export, import or other licence or permit for any Lot and that you will pay for and collect the Lot regardless of whether a licence has been or is likely to be granted. We will not cancel your purchase of a Lot if for any reason it is refused a licence or is seized or confiscated by government authorities.
    • We may on request assist you with applying for a licence to export your Lot(s) out of the United Kingdom and will charge a fee for doing so to cover the costs of our time and out of pocket expenses.
21. Seller’s Warranties
    • The Seller warrants to us and to you in relation to each Lot that:
      • the Seller is the owner of the Lot for sale or a joint owner of the Lot acting with the co-owners authority or, if acting on the owner's behalf, is authorised by the owner to offer and sell the Lot at auction;
      • the Seller is able to transfer clear and unencumbered legal title to the Lot to you free from any third party rights or claims; and
      • as far as the Seller is aware, the main characteristics of the Lot set out in the catalogue (as amended by any notice on our Website or any Bidding Platform) are correct.
    • If, after you have placed a successful bid and paid for a Lot, any of the warranties above are found not to be true, please notify us in writing. Neither we nor the Seller will be liable, under any circumstances, to pay you any sums over and above the Total Price and we will not be responsible for any inaccuracies in the information provided by the Seller except as set out below.
    • If you purchase a Lot as a Consumer from a Seller that is a Trader, a number of additional terms may be implied by law in addition to the Seller’s warranties set out at Clause 1 (in particular under the Consumer Rights Act 2015). These Terms of Sale for Online Auctions do not seek to exclude your rights under law as they relate to the sale of these Lots.
    • Save as expressly set out above, all other warranties, conditions or other terms which might have effect between the Seller and you, or us and you, or be implied or incorporated by statute, common law or otherwise are excluded to the fullest extent that they can be lawfully excluded.
22. Descriptions, safety, condition and disclaimers
    • Our descriptions of the Lot will be based on: (a) information provided to us by the Seller of the Lot (for which we are not liable); and (ii) our opinion (as set out at Clause 3).
    • On request, we will give you the opportunity to view and inspect the Lots before auction. You (including any agents or consultants acting on your behalf) must satisfy yourself about the accuracy of any description of a Lot and of any other characteristics of a Lot relevant to your decision to place a bid. We shall not be responsible for your failure to properly inspect a Lot.
    • Certain words used in the catalogue description have special meanings. You can find details of these on the pages headed "Important Information for Buyers" which form part of these Terms of Sale for Online Auctions. Any descriptions and/or statements by us about Any Lot, including but not limited to its authorship, attribution, authenticity,  origin, date, age, period, provenance, source, material, dimensions, condition or estimated selling price, whether oral or in writing, are matters of our opinion genuinely held but are not to be relied on as a statement of factual or contractual representation. We do not warrant that we have carried out a detailed inspection of each Lot. Any references to dimensions or weight are approximate only.
    • Any photographs that we provide are for identification purposes only and may not reveal a Lot's condition or be accurate in colour or other features.
    • Please note that the majority of Lots that you may bid on at our Online Auction are second-hand and will not be in perfect condition. Lots are sold “as is” (i.e. as you see them at the time of the auction). Neither we nor the Seller accept any liability for the condition of any Lot.
    • The sale of Lots containing elephant ivory is banned, subject to exceptions. Please note that we may offer Lots containing elephant ivory from time to time. Subject only to Clause 7, where this is the case, we rely on the documentation obtained by the Seller of the Lot confirming that the Lot satisfies the relevant exemptions. Therefore, we cannot guarantee that any certificate or other documentation provided by us (on the Seller’s behalf) to you in connection with the sale of the Lot is valid or accurate.
    • From time to time and only upon request, we may apply for the relevant certificates, registrations or other documentation required pursuant to the CITES Regulation. In the event that we do apply for such documentation on your behalf, we guarantee that is valid and accurate.
    • All Lots of furniture are sold as a collector’s item and are not supplied for use. Such Lots may not comply with applicable furniture and safety regulations. Therefore, if you do intend to use such Lots for private use or otherwise, you must first ensure that they are refurbished and rendered compliant with any applicable furniture and safety regulations.
    • All Lots with electrical components are sold as “antiques” for their historical and decorative attributes for collection and display only, and are not intended for use. If you buy Lots with electrical components and intend to use them, you must first ask a qualified electrician to check them for compliance with safety regulations.
23. Deliberate Forgeries
    • You may return any Lot which is found to be a Deliberate Forgery to us within twelve months of the date of the Online Auction provided that you return the Lot to us at your expense in the same condition as when it was released to you, accompanied by a written report by two recognised experts approved in advance by us on the subject matter identifying the Lot as a Deliberate Forgery with reference to the catalogue description and fully explaining the reasoning behind any conclusions drawn in the report. We shall not be bound by any expert report produced by you and reserve the right to consult our own experts at our expense.
    • If we are satisfied, acting reasonably, that the Lot is a Deliberate Forgery and returned to us within the period specified in Clause 1, we will cancel the sale of the Lot and refund the Total Price to you save that you will have no right to cancel the sale or receive a refund under this Clause 23.2 if and of the following circumstances apply:
      • the online auction catalogue description reflected the accepted view of experts, specialists or scholars as at the date of the Online Auction;
      • the catalogue description reflected that there is a conflict of expert opinion on the authorship of the Lot;
      • the Lot can only be shown to be a Deliberate Forgery on the basis of scientific examination which was not available at the time of the auction or in the circumstances was not practicable or reasonable to expect;
      • there has not been a material loss in value from the value of the Lot had it been described differently in the heading of the catalogue entry;
      • you were not the original Buyer (i.e. the registered Bidder) of the Lot named on the invoice for the Lot issued at the time of the sale; or
      • you personally are not able to transfer clear legal title in and right to possession of the Lot to us, free of any claim, interest or restriction by anyone else, on the date of the return of the Lot to us.

you will have no right to cancel the sale or receive a refund.

• In the event that we cancel the sale and refund the Total Price to you, such refund shall constitute the sole remedy and recourse that you may have against us and/or the Seller with respect to such cancelled sale. We and the Seller will not in any circumstances be liable to you for any loss, damage, expense, costs, loss of profit, loss of business or loss of opportunity.
• Your right to return a Lot that is a Deliberate Forgery does not affect your legal rights and is in addition to any other right or remedy provided by law or by these Terms of Sale for Online Auctions.

24. Our disclaimers and our liability to you
    • The Website and the Bidding Platform are provided by us or our service providers without any warranties or guarantees in relation to any statements or representations made or information given in connection with the conduct of the auction or for any other matter relating to the sale of any Lot by us, or our employees or agents whether oral or in writing and accept no liability in connection therewith, including in relation to any errors (human or otherwise) or omissions unless Clause 23 All users of our Website and/or the Bidding Platform bear the risks associated with the use of the internet. Both our Website and the Bidding Platform provide content from users, internet sites or resources. While we try to ensure that material included on our Website and/or the Bidding Platform is correct, reputable and of high quality, we are not responsible if this is not the case. Except as expressly set out herein, we will not be responsible for any errors or omissions or for the results obtained from the use of such information or for any technical problems users may experience with the Website and/or the Bidding Platform or participating in any Online Auction, including but not limited to any loss of internet connection, problems with using any bidding software or hardware faults. We do not accept any liability for any delay or failure in placing a bid, any failure to execute bids or any errors or omissions owing to technical failings, whether on our part or yours. If we are informed of any inaccuracies in the material on our Website or the Bidding Platform we will attempt to correct the inaccuracies or ask our service providers to do so as soon as we reasonably can.
    • You acknowledge that the Website and the Bidding Platform are provided as is for public use, subject to registration. Registration is free of charge and as such we have no responsibility to users of our Website and/or the Bidding Platform for any downtime or errors on our Website or the Bidding Platform. If, because of errors on our Website and/or the Bidding Platform an auction cannot be completed, our only responsibility to you is to enable Sellers to re-list the Lot(s) once our Website and/or the Bidding Platform is back up. In particular, we will not be liable for any loss of opportunity or disappointment suffered as a result of participating in our online auction. You should note that Lots are sold as antiques for their decorative attributes rather than for use, and are often of considerable age and uncertain manufacture; neither we nor the Seller accepts any liability for loss or damage to the Lots, or any other loss or damage, that is caused by or results from any inherent vice or defect affecting the Lots. We accept no liability for damage to gilded picture frames, plaster picture frames or picture frame glass.
    • In addition to the above, neither we nor the Seller shall be responsible to you and you shall not be responsible to the Seller or us for any other loss or damage that any of us suffer that is not a foreseeable result of any of us not complying with the Terms and Conditions of Business. Loss or damage is foreseeable if it is obvious that it will happen or if at the time of the sale of the Lot, we, you and the Seller knew it might happen.
    • We accept no liability in relation to any of the Seller's warranties at Clause 21, including any warranty of satisfactory quality and fitness for purpose, description, size, quality, condition, attribution, authenticity, rarity, importance, completeness, value, frame, medium, provenance, exhibition history, literature or historical relevance or any breach by the Seller of their obligations under the Terms of Consignment. Unless Clause 23 applies, all warranties express or implied are specifically excluded by us to the fullest extent permitted by law.
    • We do not accept any responsibility to any Bidders for any failure to register a Bidder or any acts or omissions in relation to the sale of Lots and the conduct of our auctions and will not be liable for any loss, damage, expense, costs, loss of profit, loss of business or loss of opportunity suffered as a result of participating in our auctions.
    • Subject to Clause 8, if we are found to be liable to you for any reason (including, amongst others, if we are found to be negligent, in breach of contract or to have made a misrepresentation), our total liability will be limited to the Total Price paid by you to us for any Lot. We will not be responsible to you for any reason for any loss, damage, expense, costs, loss of profit, loss of business or loss of opportunity. We have no responsibility to any person other than the Buyer in connection with the purchase of any Lot.
    • Neither we, you nor the Seller will be responsible for any failure to meet any obligations which we, you or the Seller has under the Terms and Conditions of Business which is caused by circumstances beyond our, your or the Seller's reasonable control. This includes but is not limited to strikes, lock-outs, fire, flood, natural disasters, war, armed conflict, terrorist attack, nuclear and chemical contamination, epidemic and pandemic.
    • Notwithstanding the above, nothing in these Terms of Sale for Online Auctions shall limit our liability (or that of our employees or agents) for:
      • death or personal injury resulting from negligence (as defined in the Unfair Contract Terms Act 1977);
      • fraudulent misrepresentation; or
      • any liability which cannot be excluded by law.

25. Notices
    • All notices or other communications between you and us regarding these Terms of Sale for Online Auctions must be in writing and signed by or on behalf of the party giving it.
    • Any notice referred in Clause 2 may be given:
      • by delivering it by hand;
      • by first class pre-paid post or Recorded Delivery; or
      • by email, provided that a copy is also sent by first class pre-paid post or Recorded Delivery. A notice given by email will be deemed to be signed for the purposes of this Clause 1 if the name of the sender appears in a signature position after the body of the email and has not been added automatically by the sender’s email server.
    • Notices must be sent:
      • by hand, by first class pre-paid post or Recorded Delivery:
        • to us, at our address set out in these Terms of Sale for Online Auctions or at our registered office address appearing on our Website; and
        • to you, at the last postal address that you have given to us as your contact address in writing.
      • by email:
        • to us, by sending the notice to the following email address:

enquiries@olympiaauctions.com, marked for the attention of the Sale Administration Team

• to you, by sending the notice to any email address that you have given to us as your contact email address in writing.

• Notices will be deemed to have been received:
  • if delivered by hand, on the day of delivery;
  • if sent by first class pre-paid post or Recorded Delivery, two Business Days after posting, exclusive of the day of posting; or
  • if sent by email, at the time of transmission unless sent after 17.00 in the place of receipt in which case they will be deemed to have been received on the next Business Day in the place of receipt (provided that a copy has also been sent by pre-paid post or Recorded Delivery as set out in Clause 3.1).
• Any notice or communication given under these Terms of Sale for Online Auctions will not be validly given if sent by fax, any form of messaging via social media or text message (including WhatsApp).

26. Data Protection

We will hold and process any personal data in relation to you in accordance with our current privacy policy, a copy of which is available on our Website.

27. General
    • We may, at our sole discretion, though acting reasonably, refuse any person admission to our premises or participation in our Online Auctions.
    • We act as an agent for our Sellers. The rights we have to claim against you for breach of these Terms of Sale for Online Auctions may be used by either us, our employees or agents, or the Seller, its employees or agents, as appropriate. Other than as set out in this Clause, these Terms of Sale for Online Auctions are between you and us and no other person will have any rights under the Contracts (Rights of Third Parties) Act 1999 to enforce any of the Terms and Conditions of Business.
    • The Terms and Conditions of Business shall be binding on the parties' respective heirs, beneficiaries, executors, successors and assigns, but neither party may assign the contract between us without the prior written consent of the other party.
    • We may use special terms in the Listings for particular Lots. You must read these terms carefully along with any glossary provided on our Website.
    • Each of the clauses of the Terms and Conditions of Business operates separately. If any court or relevant authority decides that any of them are unlawful, the remaining clauses will remain in full force and effect.
    • We may change these Terms of Sale for Online Auctions from time to time, without notice to you. Please read these Terms of Sale for Online Auctions carefully, as they may be different from the last time you read them.
    • Except as otherwise stated in these Terms of Sale for Online Auctions, each of our rights and remedies are: (a) are in addition to and not exclusive of any other rights or remedies under these Terms of Sale for Online Auctions or general law; and (b) may be waived only in writing and specifically. Our delay in exercising or non-exercise of any right under these Terms of Sale for Online Auctions is not a waiver of that or any other right. Our partial exercise of any right under these Terms of Sale for Online Auctions will not preclude any further or other exercise of that right or any other right under these Terms of Sale for Online Auctions. Our waiver of a breach of any term of these Terms of Sale for Online Auctions will not operate as a waiver of breach of any other term or any subsequent breach of that term.
    • The Terms and Conditions of Business and any dispute or claim arising out of or in connection with them (including any non-contractual claims or disputes) shall be governed by and construed in accordance with the laws of England and Wales and the parties irrevocably submit to the exclusive jurisdiction of the English Courts.