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Homepage :: Auction rulesAuction rules
- Orders and award medals (issued before 1917) - Coins - Commemorative medals - Banknotes - Insignia - Badges - Old securities - Russian antiques and old wartime objects. The items are auctioned only upon verification of their authenticity and are selected by company experts. In the selection process, prior importance is given to compliance of the item with the auction scope, its authenticity, degree of rarity, price and attractiveness for potential buyers. The price at which the item is auctioned is subject to negotiation between the owner and ZNAK Ltd, the owner’s position playing a crucial role. ZNAK Ltd can refuse a request to auction an item without any explanation with regard to the decision. B) An auction application can be accepted upon receipt of a high-quality image of the item sent at our email address. In case this is impossible, an item can be brought to our office for expert examination and authentication. To discuss time of your visit, please dial our phone number. C) ZNAK Ltd assumes custody of the objects accepted for auctioning after an appropriate agreement is concluded, or, as an exception, under a mutual agreement between seller and auction holder the item can remain in custody of the owner, if the owner guarantees submission of such upon request. D) If the item is sold, ZNAK Ltd pays to the owners the full value of the item, net of 10% commission fee from the selling price of the item (in some cases, the amount of the commission fee may be changed upon the agreement between the parties). E) In some cases, and upon agreement with the seller, ZNAK Ltd may pay a flat rate for the item as to make such part of the collection of one of the company customers. 3) Auction rules A) After the item is put to an auction, it is first sold in compliance with the auction principles (i.e., it is sold to the auction participant who offers the maximum bid). Each item is auctioned for a negotiated period (usually one or two weeks). If no bids are received within the specified period, the item is put to sale at a fixed price. B) The buyer pays to ZNAK Ltd a commission fee in the amount of 5% of the final auction price. C) The item is sold within the period negotiated between ZNAK Ltd and the seller in the appropriate agreement. On expiry of the auction sale period, the owner can leave the item in the auction. If the object is sold under a conventional sale procedure, the owner can withdraw it from sale after it pays a penalty to ZNAK Ltd in the amount of 10% of the item's flat rate. D) The value of a bid can be reduced upon agreement with the owner. 4) Auction buyers А) For registration purposes, auction participants must fill in a special application form. B) All the collectibles presented on the website are grouped into the following sections: 1) Bonds and banknotes. 2) Coins and desktop medals. 3) Orders and medals (before 1917), insignia and badges. 4) Russian antiques and old wartime objects. Within each section, the items are classified into three layers, as per their price and rarity criteria. Upon their registration the auction participants can only participate in first-level auctions. For access to the second and third auction levels, a login and password is required; these are distributed to auction participants by the auction holder based on their ratings. C) Positive and negative rating points are awarded to registered participants depending on the results of performed purchase transactions and reliable records of payments for the purchased lots. D) The Holder retains the right to ban the bidders’ participation in the auction without clarification, and deny password- and login-based access to second and third-level participants granted that access earlier. E) The winner of the on-line auction is notified by the staff of ZNAK Ltd personnel by email or phone. Within 14 days upon the notification, the Participant shall pay the full price of the purchased item. If that does not happen, the fact of sale is recognized null and void, and the Holder has the right to re-submit the item for sale. F) The payment for the purchased objects can be made in cash or by means of a bank transfer in rubles. The company also accepts Visa, Visa Electron, Maestro, Mastercard Electronic, Union Club. When paying by card the customer reimburses the commission of the bank, which is 2,4% of the total paid sum. G) The auction Holder does not issue or render assistance in obtaining licenses for exporting antiques outside the Russian Federation. The company does not guarantee that upon acquisition of an item the buyer receives the copyright or duplication rights with regard to the purchased item. H) Having paid the full price for the item the Participant must receive such item at the office of ZNAK company within four weeks. Upon mutual agreement, items may be shipped via insured mail package. The items cannot be mailed outside the Russian Federation. ZNAK Guarantees 1) ZNAK Ltd guarantees and incurs liability for the authenticity of auctioned items: 1.1) The buyer finding that the purchased item is not authentic shall duly bring this to notice of representatives of ZNAK Ltd within 7 years upon purchase at the auction. Convincing evidence of this fact must be provided. The item must also be brought to the office of Znak Ltd in the same condition as of the moment of sale. Znak Ltd shall store photographic images of the sold items for seven years as to collate those with the items for return. In case the item purchased at the auction is found to be inauthentic, Znak Ltd shall indemnify its full value to the buyers, except for the cases when: 1.1.2) certificate from employees of state-owned museum institutions was available for the purchased item as of the moment of sale. 1.1.3) the counterfeit has been identified with the aid of scientific examination which is technically impossible as of the date of purchase or inexpedient since it could have damaged the collectible, or the cost of the examination was comparable to the value of the item. 1.2) The buyer is not entitled to claim for compensation in the amount exceeding the value of the item purchased at the auction or claim additional losses and moral damage. 1.3) The guarantees solely apply to the permanent owner of the item, i.e. the person who has directly purchased the item at the bidding and has in possession the corresponding document of title. The item must be unencumbered with property claims, which must be confirmed by the owner. |
 Стакан 2-го Лейб-уланского Курляндского Императора Александра II полка «В память столетнего юбилея полка»  Билет государственного банка СССР. 3 червонца |
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