Conditions of Sale

It is important to Plato Auctions that all bidders understand the terms and conditions under which our auctions are conducted. Please carefully read the Conditions of Sale below.

The property offered for sale by Plato Auctions as agent for the consignors’ to purchasers is subject to the following terms and conditions:

  • The property is sold in “as is” condition and without recourse, and neither Plato Auctions nor the consignor makes any representations or warranties, express or implied, as to description, attribution, authenticity, provenance, origin, size, age or condition of any of the property offered for sale. It is the responsibility of the purchaser, prior to the auction, to examine the property and make a determination as to the value, condition, description, authenticity, provenance, origin, size and age of the property.
  • The highest bidder, acknowledged by the auctioneer, shall be the purchaser. Plato Auctions reserves the right to reject any bid. The auctioneer shall advance the bid at his sole discretion. The auctioneer, in his sole discretion, may determine to re-offer any lot in dispute. In the event of any dispute, Plato Auctions record of the bids shall be accepted as conclusive.
  • Plato Auctions reserves the right, in its sole discretion at any time before bidding commences to withdraw, combine, or divide any lot.
  • When bidding ends on an item(s), title will pass to the highest bidder, and the bidder thereupon assumes full risk and responsibility for the property, including the obligation to immediately pay the full price or such price as Plato Auctions may require. All bidders are requested to give their name, residence, business address, telephone number, driver’s license. Plato Auctions shall have the right to reject any bid from anyone who has not established credit with Plato Auctions prior to the auction.
  • The purchase price paid by the buyer shall be the amount of the final bid plus buyer’s premium and HST, which are computed on the purchase price.
  • Property purchased from Plato Auctions by a successful bidder may not be removed from the auction sale premises until the full purchase price plus the buyer’s premium and HST have been paid. The purchaser must pay for and remove all property from the auction premises on the same day as the auction sale.
  • If the purchaser fails to fulfill these conditions, in addition to all legal remedies available to Plato Auctions, Plato Auctions may: a) cancel the sale and retain any payments made as liquidated damages; b) resell the property for the account of the buyer, in which case the buyer shall be liable to Plato Auctions for all its costs and damages, including the commissions for both auctions; c) remove the property to a public warehouse for the account and at the risk and expense of the buyer.