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# YOSEMITE AUCTIONS ## CONDITIONS OF SALE By registering to bid and submitting any bid, the bidder acknowledges acceptance of these Conditions of Sale. 1. **Hammer Price & Buyer’s Premium** The highest bid accepted by the auctioneer shall be the Hammer Price. A Buyer’s Premium of **28.5%** of the Hammer Price shall be added and forms an integral part of the total purchase price payable by the successful bidder. All applicable taxes, shipping, handling, insurance and other ancillary charges shall be borne by the buyer separately unless otherwise stated. 2. **Payment Obligation** The successful bidder shall settle the full invoice amount (Hammer Price plus Buyer’s Premium and any other applicable charges) **within seven (7) calendar days from the date of auction / invoice issuance**, by cleared funds. Payment shall be made to YOSEMITE in the currency specified on the invoice. 3. **Default for Non‑Payment** If full payment is not received within the 7‑day period without prior written consent from YOSEMITE, the buyer shall be in default. YOSEMITE reserves all rights, including but not limited to cancelling the sale, re‑offering the lot for auction or private sale, retaining any deposit, and claiming damages, costs and legal expenses arising from such default. 4. **Title & Collection** Title to the lot shall not pass to the buyer until YOSEMITE has received full cleared payment. The buyer shall arrange collection or shipment of the lot promptly after completed payment. Storage fees may accrue for lots not collected within the time notified by YOSEMITE. 5. **Condition & Disclaimer** All lots are sold “as is, where is”. Descriptions in catalogue, online listing or verbal statements are for reference only and do not constitute a warranty of authenticity, condition, age or attribution. Bidders are responsible for inspecting the lot before bidding. YOSEMITE shall not be liable for any defects or omissions in description. 6. **Bidding Authority** The auctioneer has absolute discretion to refuse any bid, withdraw any lot, split or combine lots, and resolve any bidding dispute. Telephone, absentee and online bids are accepted as a convenience and YOSEMITE shall not be liable for failed transmission or execution of such bids. 7. **Governing Law** These Conditions of Sale shall be governed by and construed in accordance with the law agreed by YOSEMITE.