Company Profile/ Notation under the Act on Specified Commercial Transactions
Company Profile
| Trade name | Mallet International Inc. |
|---|---|
| Location of main office | 1-3 Kojimachi, Chiyoda-ku, Tokyo, Japan |
| Purpose of business | Buying, selling and leasing, consignment sales, and import/export of antiques and art objects Consulting relating to the trading of art objects |
| Date founded | March 3, 2016 |
| Capitalization | 30 million yen |
| License | Fine Arts Dealer License, Tokyo Metropolitan Public Safety Commission Registration No. 307711605705 |
| Bank | Mizuho Bank, Ltd. Sumitomo Mitsui Banking Corporation |
Notation under the Act on Specified Commercial Transactions
| Name of the business operator | Mallet International Inc. |
|---|---|
| Representative | Kaoru Chigusa |
| Location | 1-3 Kojimachi, Chiyoda-ku, Tokyo, Japan |
| Telephone number | 03-5216-2480 |
| Email address | info@mallet-i.com |
| Opening hours | Mon–Fri 10:00–18:00 (except national holidays, year-end and New Year holidays and summer holidays) |
| Site URL | https://mallet-i.com |
| Business objectives |
Buying, selling and leasing, consignment sales, and import/export of antiques and art objects Consulting relating to the trading of art objects |
| Establishment date | March 3, 2016 |
| Capital stock | 30 million yen |
| Secondhand dealer license number |
Fine Arts Dealer License, Tokyo Metropolitan Public Safety Commission Registration No. 307711605705 |
| Main banks | Mizuho Bank, Ltd. Sumitomo Mitsui Banking Corporation |
| Purchase price | In addition to paying the relevant hammer price, the successful bidder shall pay Mallet International Inc. the total amount of the buyer’s premium. The buyer’s premium on each lot is 16.5 % of the hammer price. |
| Payment methods and payment due date | The successful bidder shall pay Mallet International Inc. the total amount of the purchase price in Japanese Yen within ten (10) days after the date of the auction (if the final day of such period falls on a non business day of Mallet International Inc., the due date shall fall on the following business day instead) in cash, by a bank cashier’s cheque of any bank or credit association provided for in the Bank Law, or by a bank remittance to the bank account of Mallet International Inc. (such remittance shall be required to be completed by the due date). |
| Fees required in addition to the purchase price | Transport fees: The successful bidder may either collect the purchased property from the premises of Mallet International or have it transported to the specified address. Transportation costs vary depending on the material and shape of the purchased property, so the successful bidder is encouraged to request a quote in advance. 1. Packing, shipping and insurance costs (domestic) The cost of insurance for domestic transport is approximately 0.1%-0.2% of the purchase price, depending on the carrier. Domestic shipping costs can be paid in advance by cash, bank transfer, credit card, PayPal or cash on delivery. 2. Packing, shipping and insurance (overseas) Mainly sent by courier service. The insurance fee for overseas shipping varies according to the carrier, but is approximately 0.34%-0.5% of the purchase price. However, if the calculated amount is less than JPY 3,000, a flat rate of JPY 3,000 will be charged. Taxes and duties may apply in the destination country. Overseas transport fees should be paid in advance by cash, bank transfer, credit card, or PayPal. Costs other than transport: 1. The work of art is sold in as-is condition. If the successful bidder wishes to have the work restored, framed or authenticated after the auction, Mallet International Inc. will be happy to discuss this with the successful bidder and carry out the necessary procedures for a fee. |
| Delivery of purchased property | After paying the purchase price for the work, the successful bidder must pick up the work within 10 days of the auction date (or the following day if the last day of this period falls on a non-business day for Mallet International Inc.). If the delivery period has passed, the successful bidder will be charged a storage fee (which varies according to the shape and the final hammer price, so please enquire in advance). If the delivery and pick up period has expired and the successful bidder does not respond to a demand for pick-up, the sales contract may be terminated. If the purchase agreement is terminated, a claim for damages will be made. |
| Default interest and a claim for damage | If the successful bidder fails to pay the full amount of the purchase price by the due date, he/she shall pay default interest on the balance of the purchase price at the rate of 14.6% per annum from the day following the due date to the date of completion of payment. If the unpaid amount is not paid in full despite a demand by Mallet International Inc., the purchase agreement may be terminated. If the purchase agreement is terminated, Mallet International Inc. shall claim damages. |
| Liability for nonconformity to contract | As the property is inherently old, it shall be sold “as is” and Mallet International Inc. shall not be liable for any spots, blemishes, or any other defects or damage caused due to the aging of the property. |
| Cancellation of sales contracts, refunds, etc. | No cancellations or refunds will be accepted for purchased property, except in the following cases: if the property is proven that it is either a stolen or lost item, or not authentic. |