Terms & Conditions

Genazym Auction House” (“Genazym”) acts as an extension from the sellers of the items offered for auction.

Genazym” will produce a catalogue for every sale (the catalogue), which will include a list of items available at the sale, their serial numbers, a description and a starting price of the item. For the avoidance of doubt, information provided in the catalogue are intended solely for the purpose of information for potential buyers and are in no way to be construed as stand and/or obligation on behalf of “Genazym” and/or its employees and/or representatives.

The prices which appear on the list of items, are minimum prices and are not a valuation.

“Genazym” will appoint a person as manager of the sale (‘the auctioneer’) who will be responsible on its behalf for the execution and management of the auction.

The Auctioneer reserves the right to prevent participation in the auction of any person. The auctioneer reserves the right to determine the winner of each lot, to cancel the sale of any item (even after it’s sold) or to re-enter it for sale, at his own discretion and at any stage whatsoever. The auctioneer also has the right to withdraw or add items to the sale and to add or withdraw from the catalogue any information about an item to be offered in the auction on the basis of information received by “Genazym” after publication of the catalogue.

Anyone wishing to participate in the auction must obtain a serial number through the system. This will be his identification number.

The system on the web allows to leave early proposals through the computerized catalog in those who registered in advance through the auction house and received a username and password.

Items are sold “as is” to the buyer, The Auctioneer is not responsible for the condition or nature of the item. Upon submission of a proposal or proposals prior to sale online at the time of the power purchaser hereby given up all buts about the quality or state of the item.

Information on originality and condition of each item, given by the auction house status as an extension of the seller, and is based on aggregate information and knowledge and experience of experts from the auction house.

The sale will be conducted in US dollars.

The amount mentioned in an offer at a sale by a purchaser which is accepted (“the hammer price”) shall be paid to “Genazym” by the purchaser, together with the commission of 23% of the hammer price (‘the commission’) and an additional VAT on commission only (When applies) .

Buyer is liable to pay for the items and pick them up from Gnazym take them. By The Auctioneer has the authority to take all measures it deems until the purchaser meets its obligations and in part also cancel sale, to sell the item to another, require the buyer expenses incurred by the Director of the sale, including fine, to file for compensation, to delay the release of the item and add the amount due to the expenses incurred.

The payment for the items will be accepted in cash, check, and bank transfer or credit card. When paying by check, auction house reserves the right to release items after the check clears.

The payment for the items and their release will be immediately after the sale, no later than 7 days after the sale. For the avoidance of doubt, the delivery of an item will only happen after the buyer completes all obligations to pay for.