AKIHABARA AUCTIONS (Conditions of Consignment and Sale)　Revision Date: January 31, 2024

1. From our website, you will need to fill out a registration form and provide personal identification documents.
2. You may complete the application form and send us your identification documents via mailing, e-mail, or fax. Persons who have registered in advance shall obtain confirmation of their registration at the reception desk on the day of the auction.

Obtaining catalogue and registration can be accepted in advance or at the registration counter on the day of auction. We, however, have the right to refuse accepting registration at our complete discretion without notifying any reason.

1. If any Lot unsold at designated auction we will continue trying to sell the Seller’s property for 2 weeks as “AFTER SALE PERIOD” based upon agreed reserve price. When such “after sale” finally proved to be unsuccessful we will consult the Seller whether to withdraw or resell at auction or privately. whether to withdraw or resell at auction or privately. The Seller will bear the cost of packing and shipping in case of withdrawal. We shall offer free storage of 14 days after the auction in case of withdrawal of the Lot. If the unsold property remained uncollected without prior arrangement, we are entitled to transfer them to the warehouse following the sale. A storage fee required by paragraph (8)-5 will be payable by the consignor until its collection. It is consignor’s responsibility to insure the property during this period

1. Packing and shipping the Lot to us for sale and from us in case of unsold.
2. Any applicable insurance from the date of shipping to the settlement of the contract for sale or to the date of returning to the Seller in case of unsold.
3. Any examination by external appraisal institution that we believe necessary.
4. Any certificate of authenticity issued by right appraisal institution.
5. Any restoration and framing of the Lot.
6. Storage of the Lot after the auction date. (for large-scale items, the daily price is 5,000 yen, while for other items, the daily price is 3,000 yen: excluding tax)

1. Illustrations in Catalogs are to be used for reference purposes only, and are not an accurate representation of Lot characteristics such as color, shape, and condition.
2. Descriptions and explanations stated in Catalogs (including the artist’s name, title, materials, restoration work, signature, size, year and place of production, appraisal, provenance, and literature) are provided by us and are included only as a reference for Prospective Buyers, etc.
3. A price estimate indicated in Catalogs do not include our Premium (excluding tax). It is a price that we believe to be appropriate based on the current market for the Lot and other factors. These estimates do not bind the actual auction sale prices.
4. Prospective Buyers, etc. shall, by themselves or through their agents or representatives, bid on Lots base on their own judgment and at their own responsibility. We shall not bear any liability whatsoever regarding the information in Catalogs, including illustrations and descriptions, except when otherwise expressly stated in these Conditions of Auction.

1. We may, at its sole discretion, hold exhibitions (“Viewings”) prior to Auctions to give Prospective Buyers, etc. an opportunity to examine Lots.
2. Admission is free, but persons who wish to attend a Viewing may be asked to present identification.
3. We may refuse to access to, or demand exit from, Viewings at its discretion without providing a reason. In such cases, speedy compliances shall be expected.
4. Prospective Buyers, etc. may observe and examine Lots at Viewings, but shall not do any of the following without our prior approval.
   • Touching Lots or other exhibit items, walls, or cases
   • Photographing Lots
   • Eating, drinking, or smoking
   • Bringing animals
   • Other actions forbidden by us
5. We shall not bear any liability whatsoever concerning the differences in the condition of the Lots between the time of a Viewing and delivery.
6. All items damaged by the participants during the Pre-auction Viewing are on the participants’ responsibility, and are required to pay the amount of the intermediate price of the estimates.

1. If a higher bid is made (including bids made by us on behalf of Prospective Buyers, etc.);
2. If an Auctioneer refuses to accept a bid;
3. If the bidding ends without reaching the Reserve Price; or
4. If the Auction is suspended.

1. Online pre-bidding
   Before the auction, you can log in from our website and you can participate in pre-bidding online.
2. Pre-entrusted bidding (in writing onto our Bid form)
   fill out the required items in the　“Absentee Bidding Form” found in our website and send it to us by e-mail or fax so that it arrives by two days before the auction.

1. Admission to auction room
2. Online Bidding
   Once you log in to our website, you can participate in our auction online. However, you will not be able to participate unless we have verified your registration, so please notify us by e-mail the day before. Even if you have already registered, you will need to apply for each auction.
3. Telephone Bidding
   
   • Fill out the required items in our Telephone Bidding form found in our website. The applicant may mount to the designated phone number and report the intent to bid to our staff in charge of telephone bidding. Our staff will bid on behalf of you at the venue. We will bear no liability to either the Seller or any prospective buyers as a result of failure to do so because of the following reasons: interrupted telephone lines due to technical issues, or unable to reach the prospective buyer at the very moment of your registered Lot.
   • Please be aware that we have only a limited number of telephone lines available, so there is a large number of applicants for telephone bidding, we will accept them on a first-come, first-served basis.

1. The successful bidder must pay late payment fees amounting to 20.0 % per annum on the unpaid amount of the Purchase Price, etc.
2. If the Successful Bidder does not pay the Purchase Price, etc. even after a warning from us, we may, at its sole discretion, cancel the purchase and sale agreement; however, if the warning sent to the Successful Bidder is returned because the recipient is not present or not available or if the Successful Bidder refuses to accept the waring, we may, at its sole discretion, cancel the purchase and sale agreement without warning. The purchase and sale agreement shall be deemed to be canceled at the time that the notice of cancelation was sent to the Successful Bidder.
3. If the sales contract is terminated in accordance with the above subparagraph, we may sell the Lot to a third party either by auction or a privately negotiated contract, in which case no reserve price shall be placed. In such a case, should the aggregate sum of the sales price by auction or sale contract, the buyer’s premium and the consumption tax thereon be less than the original purchase price, the defaulting bidder shall pay the Company the difference, and the damages for delay, at an annual rate of 20.0 % from the day of that auction or conclusion of the sales contract until the amount is paid in full. On the other hand, if the price is higher than the original purchase price, the defaulting bidder shall not make any claim whatsoever on the difference.

1. We will try to eliminate the handling of counterfeit lots with our expert staff, expert judges, and the appraisal authority regarding the authenticity of products handled, but we cannot guarantee that they will not be completely excluded. The bidder shall make bidding under their discretion and responsibility at the previewing day.
2. Within 1 year after the sale, the successful bidder shall make any claim within three months (in cases in which the Consumer Contract Law is applicable, within one year) of the date that he learned that the Lot was not the work of the artist to whom it was attributed in the catalogue (an also must submit proof of that date in writing that in his view the Lot concerned is a counterfeit). A termination and refund shall be made only if the successful bidder is in complete ownership of the Lot and transfers the ownership in its entirely to us, and only if the Lot is returned to us in the same condition as it was at the time of the auction.

1. Paintings and other works of deceased artists: our designated appraisal institution affiliated with specialized art dealers, an official connoisseur of the artist or a specialized research institution (or person).
2. Paintings and other works of living artists: An artist himself/herself or an officially appointed connoisseur or a concerned person designated law.

1. The Catalogue description or auction room notice at the auction date corresponded to the generally accepted opinion of the scholars or experts at that time, or fairly indicated that there was a conflict of opinions; or
2. It can be demonstrated that the Lot is a Counterfeit only by means of either a scientific process nor generally accepted for use of until after the publication of the Catalogue or a process which at the date of the auction was unreasonably expensive or incapable or likely to have caused damage to the Lot.
3. The items marked “As it goes” are not covered by our authenticity guarantee.

1. An organized crime group (“Boryokudan”), a member of an organized crime group, associate member of an organized crime group (“Boryokudan jyunkoseiin”), a person who was a member of an organized crime group within the past 5 years, a company affiliated with an organized crime group (“Boryokudan kankei kigyo”), a racketeer attempting to extort money from a company by threatening to cause trouble at the general stockholders’ meeting (“Soukaiya”), groups acting as if advocating legitimate social causes (“Shakai undou hyoubou goro”), a special intelligence organized crime group (“Tokushu chinou boryoku syudan”), a person or organized equivalent to any of the above, A person whose purpose is to act on money laundering or other activities, A person who uses illegal or unfair methods, violent power, and deceptive techniques to engage in fund-raising activities.
2. A person who participates in our auctions with any anti-social groups, or who attempts to participate anti-social groups in our auctions by introducing.
3. A person or organization who operates an entity of which Board members pr people substantially involved in its management have socially condemnable relationship with Boryokudan, etc.
4. A person who uses threatening action or statements, or violent acts and behaviors in connection with any transaction between the parties.
5. A person who acts and behaves which may damage the credit or obstruct the business of the bank by the use of fraudulent means by force.
6. A person who does not comply with the provisions our company, such as our auction rules.