Auctions

               There are generally two auctions each year, one in the mid-year and the other in the last quarter of the year. The auctions are opened to all collectors, members or non-members. However, the non-member buyers have to pay 10% buyer's premium on the total realized price whereas the members pay only the realized price. Those who apply for the membership before auction started will be considered as member.

                 The Auctioneer invites members and non-members to submit suitable lots for the on coming auctions. Please follow the following links to learn more about our auction.                                   

 Terms & Conditions to vendors                Commission Paid by Vendors              

The Auction Chairman,
Tan Hock Khoon
Lot 7042, Section 64 KTLD, Sekama Road
93300, Kuching, Sarawak,
Malaysia
email: [email protected]
Tel: 6082-339177

General Terms & Conditions                Commission Paid by Bidders

On Coming Auctions                          Past Auctions                 

 

 

This site last edited on:    Monday, 18 June 2007 23:04:19 +0800

TERMS & CONDITIONS TO VENDORS

1.  All lots must be described  PRECISELY  &  HONESTLY*. Any  faults  &  imperfection  must  be stated  clearly except for  lots in bulk. Unfaithful descriptions will create extra jobs for auctioneer. Please don’t submit any lot for sale if you find it is difficult to be honest!

2.  Items with catalogue price more than RM 5 should be  reserved at a price not more than 70% of the catalogue price or  RM 5, whichever is the  higher. For those  with catalogue price less than or equal  to  RM 5,  reserved at catalogue price is acceptable.

3.  For those items not listed in the catalogue, the valuation will be done by the Auction  Committee  based  on their knowledge.

4.  For items with faults or imperfections, prices must be fixed lower accordingly.

5.  If the description or reserve of any lot is found  disagree with any of the conditions  1 2 & 4  as  stated  above,  the   Auction committee reserve the right to lower the reserved price to any level  without giving any further  notice to the vendor.

6.  All lots  must  be packed  properly  with  transparent  plastic beg  before  passing  to  Auctioneer. A hard backing must be added to stamps, miniature sheets & any other softer items. The size of the packing cannot exceed 25 cm x 13 cm unless the item itself is larger then the said size.

7.   The following are the catalogues used for fixing the reserve of stamps:-

Malaysia, Singapore & Brunei:       ISC’s catalogue

HK & Macau:                               Yang’s or Commercial’s catalogues.

China:                                          Yang’s, Commercial’s or SG’s catalogue.

Others:                                         SG’s catalogues.

8   If you need to state the catalogue price  in  your  description  of  a  lot , ISC’s  catalogues  must  be  used  for Malaysia, Singapore  &  Brunei  modern items. For classic items from  the  same  area,  SG’s  catalogues are allowed to be used.

9   All lots sold will be charged 10% on the realized price or $1, which ever is higher as the commission to the society. For the unsold lots, those priced less than  RM 20 will be charged at 50c per lot whereas those priced RM 20 & above will be charged at RM2 per lot.

10  Non-members are welcome to submit lots for auction but all lots sold will be charged 15% on the realized price or $1, which ever is higher as the commission to the society. For the unsold lots, those priced less than  RM 20 will be charged at 50c per lot whereas those priced RM 20 & above will be charged at RM2 per lot.

*The descriptions of lots submitted is necessary and preferable by sending through email  [email protected] to the auctioneer or save in a diskette and pass it to auctioneer.

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GENERAL TERMS & CONDITIONS

1.  All potential bidders are urged to view the items during the viewing time fixed for  each  auction & make notes on interested items in order to enable the auction ended in time.

2.  Late sale after the auction are strictly  prohibited. So, those who are interested are advised to bid  during  the auction. For those who could not attend the room  bidding,  please  bid by  filling  the bid form provided & send to reach the  chairman  of  the  Auction  Committee  before  or  on  the closing date which  is  stated  on  the  front  page of the auction catalogue.

3.  All  postal bid  forms  remain   sealed  until  the  day  before   the  auction. Then,  the  appointed Auctioneer will read  the bid  forms  under  the  inspection  of  another  committee  member.  All postal bids will only  be  known  to  the above 2 persons.

4.  If the appointed Auctioneer or/and Inspector  wish to bid for certain lots, they are  allowed to do  so  by  mean  of filling the bid forms only.

5   It is understood that the bids given by a postal bidder are the maximum figure that the bidder  is prepared  to  pay for. So, the Auctioneer will try to help  the  bidder  to  obtain  the lot  bidden on  

     with the lowest possible  price

7.  In the case that any item is wrongly described in the auction catalogue, the   success  bidder  can return  the  lot to the auctioneer within 7 days after receipt of  the  material. Full  refund  will be  made  if  the  item  is  in  the same condition when dispatched.

8.  Any lot sold cannot be returned provided it is described correctly in the auction catalogue.

9.  Non members are welcome to bid in the auction but a buyer’s premium of 10% on the total purchase will be charged. Those who join the society after the sale will be treated as a non-member buyer in the sale.

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Auction dates

The first auction of 2006, auction 1/2006 will be held on Sunday, 9 July 2006 at Front lobby, Ground floor of Wisma Serbakas. The auction commences 2:00 p.m.

Auction 1/2007 will be held on Saturday & Sunday, 14th & 15th July 2007 at Front lobby, Ground floor of Wisma Serbakas.          The auction commences 1:00 p.m.

 

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Past Auctions

Auction 2/2005            



 

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