Guidelines for Prospective Buyers
SALE 200618 GUIDELINES FOR PROSPECTIVE OVERSEAS BUYERS

Please make sure to read the Conditions of Sale for Mallet Auction before submitting your bids.
NO cancellations are accepted after the auction.

AUCTION: Thursday, 18th June 2020, from 3:00 PM JST

CORRESPONDING LOCAL TIMES:

Thursday 18th June, from 2:00 am EST (New York)

Thursday 18th June, from 7:00 am GMT (London)

Thursday 18th June, from 8:00 am CET (Paris)

IMPORTANT NOTICE FOR ALL BIDDERS

COMMISSION FEE:16.5% of the hammer price will be added on to the final hammer price on a per-lot basis. For example: if the final hammer price is 1,500,000 JPY (Hammer Price: 1,500,000, JPY+16.5% Commission Fee: 247,500 JPY=Total Purchase Price: 1,747,500 JPY)

If you bid via Invaluable live auction, the commission fee will be 21.5% of the hammer price (16.5% from Mallet Auction plus 5% from Invaluable).

No Japanese taxes will be imposed on your purchases.

REGISTRATION FOR NEW CUSTOMER:
If this is the first time you bid with us, please send us a photocopy or scan of your ID (Passport, ID card or driver’s License) by 6:00 PM JST, Wednesday, 17th June at the latest.

E-mail:art@mallet.co.jp Fax:+81-3-5635-1778

WRITTEN BIDS:
If you wish to leave a bid, please fill out the absentee bids form with maximum bid amount and send it back to us via email or fax by 6:00 PM JST, Wednesday, 17th June at the latest. Please note that we only accept bids in Japanese Yen.

TELEPHONE BIDS:
In order to submit your telephone bids, please fill out the telephone bids form and send it back to us via email or fax. You must intend to bid within or above the estimate range. The telephone lines are limited 7bids per customer per auction, reserved on a first-come, first-served basis. It must be arranged no later than 6:00 PM JST, Tuesday, 16th June. We strongly recommend to leave a backup absentee bid in case of any eventuality, as we assume NO responsibility for failure to execute a telephone bid for any reason.

ONLINE LIVE BIDS VIA INVALUABLE.COM:
We do not currently have our own live online bidding service available. If you register with Invaluable, you will be able to bid online via Invaluable platform. In this case, however, there will be an extra 5% Invaluable commission fee to be added on to your invoice.

ONLINE LIVE STREAMING - 3:00PM JST, Thurday, 18th June
We have an online live stream during auction via YouTube . Please do NOT use this service during your phone bidding as there is a time lag.

1. MALLET INTERNATIONAL COMMISSION FEES
There is a commission fee which will be added to the final hammer price on a per-lot basis.
The fee is 16.5% of the final hammer price.

If you bid via Invaluable live auction, the commission fee will be 21.5% of the hammer price (16.5% from Mallet Auction plus 5% from Invaluable).

(No Japanese taxes will be imposed on your purchases)

2. PAYMENT/ DUE DATE
If your bids were successful, we will send you an invoice after the auction by e-mail. Please send the remittance via wire transfer to the bank account below in Japanese Yen by Monday, 29th June. The client is responsible for wire transfer bank charges, not Mallet International.Please make sure to select the "Pay beneficiary in full" option when making your transfer at the bank, or we will not receive the full intended amount. If the bank charges are not paid, you will be invoiced for these charges. We do not accept credit card payments for auction purchases.

Beneficiary Bank: Sumitomo Mitsui Banking Corporation
SWIFT code/BIC code: SMBCJPJT
Branch Name: Ginza Branch
Beneficiary Name: Mallet International Inc.
Beneficiary's Account Number: 026-8504954 (Ordinary Account)
Bank Address: 6-10-1 Ginza, Chuo-ku, Tokyo, Japan 104-0061

IMPORTANT : If the payment is not confirmed within 13 days from the date of the auction, which is Wednesday, 1st July for this sale, you will be charged additional default interest to the outstanding balance.

3. PACKING/ SHIPPING
Mallet International can make packing/shipping arrangements at your expense if requested. The packing fee will be approximately 12,000 to 30,000 JPY depending on the item.

Shipping fee quotes are available upon request, and for further assistance with your shipping arrangements, please contact us at any time. Clients are most welcome to send shipping and packing fees together with the main purchase cost. We will make arrangements upon receipt of your payment. Clients with FedEx, DHL, UPS or TNT Express accounts can have shipping costs charged directly to their account.

Please note that Mallet International will NOT be taking on any personal requests when filling out documents for customs and shipping as we are obliged to follow international customs and shipping regulations. Thank you for your understanding.

In addition to the expenses mentioned above, you may also be liable to pay taxes/custom duties on the shipment upon entry to the destination country. It will be charged directly to the recipient and unfortunately we are unable to estimate the possible charges. For further details, please contact your local customs office.

4. INSURANCE
We can arrange insurance for shipping item on your behalf, the fee will be 0.32% of the total purchase price. The minimum price is 3,000 JPY, (if the purchase price will be less than 937,500 JPY, the cost of insurance will be 3,000 JPY regardless of the original purchase price).

ENQUIRIES: art@mallet.co.jp