Auction Rules

Bingyol’s Auction Rules

General Provisions

1.1. The organizer of the auction is BINGOLS LLC. The purpose of the auction is the sale by the organizer of the auction to any interested persons (participants in the auction) of antiques and collectibles.

1.2. In preparing and conducting auctions, the organizer is guided by the current legislation of the Russian Federation, including the Civil Code of the Russian Federation, the Law on the Protection of Consumer Rights of the Russian Federation and other regulations of the Russian Federation.

1.3. Auction participants can be:

Adult and fully capable individuals,
Legal entities.

Auction trades

2.1. Before filing an application for participation in the auction, Bingyol’s employees (hereinafter referred to as the Auction House) have the right, at their discretion, to request identity documents, account statements and other financial documents confirming the solvency of the auction participant from a potential participant.

2.2. During the auction, personal participation, telephone, absentee and online bids made through the Internet portal are provided. Compulsory registration is required for any type of participation in the auction. Upon registration, in case of personal participation, a numbered card is issued, which is the only certificate confirming the right to participate in the auction. The participant is responsible for any bets made using his number card.

2.3. In the case of absentee bets, the participant is obliged to provide his contact details and information about the maximum possible bet. If the same maximum bids are received on the same lot, the participant who made the first bid is considered the winner. If the highest bid received from the participant who is in the room is equal to the bid of the absentee bid, the winner is the participant who is in the room.

2.4. By sending an application for participation in the absentee auction indicating the maximum amount that the buyer is willing to pay for the item of interest to him, he confirms his irrevocable obligation to pay for the item in a timely manner if the amount declared by him is the highest among those offered.

2.5. The organizer of the auction, which has received an application for participation in the auction in absentia, undertakes to purchase the lots for the buyer at the lowest possible price within the price stated in the order.

2.6. For bidders by telephone, the organizer of the auction offers all services for telephone bidding at its own expense, but is not responsible for the quality of communication.

2.7. The source of official information about the items offered for sale at the auction is the auction catalog. All items put up for auction are presented at the pre-auction exhibition, the dates and location of which are indicated in the catalog.

2.8. The auction organizer publishes a detailed catalog describing the items. The description, made in the form of accompanying catalog articles, is for informational purposes only. The description of the condition of the item – damage, loss or restoration – in the catalog is provided for general information only. The assessment of the condition of the item can be made by the buyer or his representative, competent in this area, only in the course of personal inspection at the pre-auction viewing. The organizer of the auction is not responsible for any errors and lack of the necessary historical, bibliographic or other information in the articles describing the lots.

2.9. Leaving an absentee bid (or bargaining at the auction in another way) in the absence of an opportunity to inspect the lot of interest to the buyer for physical condition and mechanical damage, claims according to the catalog description are not accepted and the buyer thereby assumes responsibility in case of winning at the auction to purchase the won lot.
Claims for the quality of purchased lots after the auction are not accepted.
In case of non-fulfillment of the obligations specified in these rules, BINGOLS LLC reserves the right to refuse an unscrupulous buyer to participate in further auction sales.

2.10. Before the start of the auction, the auction participants should carefully familiarize themselves with the lots they are interested in and, if necessary, get advice on the status of the lot and ask questions to the employees of the auction organizer.

2.11. The organizer of the auction reserves the right to withdraw any lot from the auction without giving any reason.

2.12. The organizer of the auction reserves the right to refuse any person to participate in the auction without giving any reason.

2.13. During the auction, without the consent of the organizer of the auction, it is prohibited to conduct any kind of promotions, photography, video, filming and audio recording. Violators of this requirement are removed from the room and are deprived of the right to further attend the Auction House auctions.

2.14. When placing a lot for auction, the auctioneer announces its number, name and starting price, as well as other necessary descriptive characteristics. The auction step is about 10% of the previous lot price and is announced by the auctioneer.

2.15. The winner is the participant who offered the maximum price in the hall through