SOLD
24,000.00USD+ (3,600.00) buyer's premium + applicable fees & taxes.
This item SOLD at 2009 Apr 04 @ 14:19UTC-7 : PDT/MST
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
All items are from the Private Collection of Jay Weinberg, this is a consignment auction, not an Asset Seizure. All items offered with No Reserve.
1952 Riley 2.5 Litre - Four Drophead Coupe 2.5 litre inline overhead valve four-cylinder motor rated at 100 horsepower, four-speed manual transmission, rack-and-pinion steering, wishbone and long torsion bar front suspension, rigid axle with under slung semi-elliptic leaf springs, hydro-mechanical four-wheel brakes; wheelbase: 119Ô-Corporate literature for the Riley promised 100 mph top-speed from the 2.5 litre, with all the thrill of sports car performance and also stated, Ó[It] can be all things to all men. Its proverbial high speed, exceptional roadholding, and safe braking make it a thrill to drive. Its fine styling makes it a thrill to own.Ô The quoted price was $3,700 for the drophead coupe. A New York importer went further in their ads to proclaim the 2.5 litre to be a car, ÓFor the man who wants an automobile that performs like a racer yet has the refinement of a luxury, all-purpose car.Ô In short, these cars were touted as possibly being the very best all-around performance/luxury car that money could buy.
Please copy and paste the Link Below into your browser to register with WWG for approval to bid Live via the Internet!
YOUR BIDS WILL NOT BE ACCEPTED WITHOUT THIS!
https://www.wwgauctions.com/bidders.cfm?CFID=224690&CFTOKEN=86355321
Auction Location:
31805 Temecula Parkway Suite 245, Temecula, California, 92592, United States
Previewing Details:
Preview is 9 am to 5 pm Monday thru Saturday prior to auction.
All California Residents will pay 8.75 % Sales Tax.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
15% |
Additional Fees:
Shipping Details:
Vehicles are handled on a case by case basis-
Small Items are $ 19.95 ea. shi. Items such as Coins up to 5 coins for $ 19.95 or $ 1500 Value. Each additional group will be charged as seperate shipment. We will combine as insurance allows. BY BIDDING YOU UNDERSTAND THAT WE CONTRACT WITH YOU THE PURCHASE ONLY. Shipping for Items will take longer than normal as they are from various sources and require Client clearance prior to shipping. They will ship within 30 days of payment clearing our bank. Please understand that we MUST hold some shipments until such time that the payments are cleared. Some larger items will be subject to an additional shipping fee and insurance. Non 48 US states shipping will be handled on case by case basis.
Payment Details:
WE DO NOT PROCESS CREDIT CARDS MANUALLY!!! With the HIGH RATE of RISK and High Invoice Amounts & the type of goods we sell we no LONGER can do this. We are working on alternate means for future sales, but for now, its wires, postal & bank money orders, business and personal checks, cashiers checks ONLY! In some cases we will accept paypal for sales under $ 5000.00
1.)Please contact the auction house for NEW payment instructions OR READ BELOW
2.)NEW PAYMENT INSTRUCTIONS: ALL Wire,check or money order payments receive the CASH DISCOUNT!! Just look at your invoice amount with cash discount, send that amount to us via wire Its safe and simple! 4%
3.)We will ship items twice monthly, VIA THE UPS STORE OR OUR SHIPPING DEPARTMENT
4.)ATTENTION BIDDERS You will NOT be billed for purchases at the close of auction. WE HAVE NEW POLICIES DUE TO OUR CREDIT CARD PROCESSOR! We will send invoices within 2 hours of close of auction, please pay within 5 days with or Call us for alternate means. With the new year and the economic times our processor no longer allows us to manually input credit cards. DUE TO THE FINANCIAL RISK AND THE HIGH INVOICE AMOUNTS. WIRE prefered. Checks accepted as well! Please send us an email to let us know how you will be paying! Please adhere to all registered terms!
5.) Any deviations from this policy will need to be cleared PRIOR to bidding in our auctions.
6.) FOR CHECK OR MONEY ORDER Please send payments to our California Office 41176 Guava St. Suite A. Murrieta Ca 92562. WE NOW OFFER CASH DISCOUNT OF 4%
7.) RETURNS - We sell for many consignors and they do not allow us to return items once they have been sold. THEY ARE GUARANTEED SALE ITEMS.
We sell for various Bankruptcy, Seizure, Overstock and Enforcement entities that do not allow us to ship items until full clearance of payments are concluded.
This includes credit card payments and wire or Paypal. It CAN take up to 30 days for final approval for release. We ship twice a month to facilitate this. MOST items will ship within 5 days, but some will have the built in approval and release process. We apologize for this delay, but it is necessary for the type of goods you will be purchasing from us.
Accepted Payment Methods:
- Money Order/Bank Draft
- Check/Cheque
- See Payment Details
All payments for autos are ONLY via wire transfer- We may require Bank Letter of Credit for Autos Over $ 15,000. Please be prepared to furnish this if you are approved to bid
I Expect All Winning Bids to be Honored
RESPONSIBILITY: Unless stated otherwise, full payment, including all shipping and insurance charges, is due via a payment method disclosed in this auction within 5 days of auction close. If not received, payment is considered delinquent 5 days after auction close.
COMMITMENT: I am committed to completing the transaction. I hold the winning bidder accountable for his/her winning bid. Placing a bid on this auction is a legally binding obligation.
ACCOUNTABILITY: Should the winning bidder become delinquent in settling the transaction, I reserve the right to pursue payment through the use of collection services.
COMPENSATION: Should the winning bidder default on completing the transaction, I reserve the alternative to assess and collect a restocking fee as compensation for fees and holding costs related to the incomplete transaction. The restocking fee will amount to $10 + 20 percent of the sale price.
Do Not Bid If You Do Not Intend to Pay
All sales final, all items sold as is with all faults. Our descriptions while we strive to be exact, may not be commensurate with your standards. Please ask questions as we allow no refunds or returns. We sell for many consignors and they do not allow us to return items once they have been sold. We sell for many consignors and they do not allow us to return items once they have been sold. AFS Auctions utilizes Retail Replacement Value Appraisals. Appraisals should be used for verification of gemstone and/or metal weight, size, and grade only. Appraisal value should be considered for insurance purposes only as price varies greatly from retail locations thru out the world. This type of appraisal is done to protect you in the event of damage or loss of a valuable item. Our appraisals are conducted by and independent 3rd Party appraisal firm that utilizes Certified GIA Gemologist.
Appraisals should be used for verification of gemstone and/or metal weight, size, and grade only.
Conditions of Sale
1. Some of the lots in this sale are offered subject to a reserve. The reserve is a confidential minimum price agreed upon by the consignor and Asset Forfeiture & Seizures Auctions, Inc. the amount under which the lot will not be sold. In most cases, the reserve will be set below the estimated range, but in no case will it exceed the estimates listed. A representative of AFS Inc. will execute such reserves by bidding for the consignor. In any event and whether or not a lot is subject to a reserve, this will show up as Floor Bidder during the LIVE Auction, the auctioneer may reject any bid or raise not commensurate with the value of such lot. How we get our jewelry prices: Retail Jewelry Store Sales in the U.S., 2000-2012
Jewelry Store Sales as a Percentage of Total Retail Sales of Jewelry in the U.S., 2000-2012, Retail Jewelry Store Sales in the U.S., by Month, 2006, 2007, and 2008
Retail Jewelry Store Sales in the U.S., by Type of Merchandise, 2007, 2008, and 2012
Number of Retail Jewelry Stores in the U.S., 2000-2012
Number of Retail Jewelry Stores in the U.S., by State, 2007
Average Sales per Jewelry Store in the U.S., 2000-2012
Average Annual Household Expenditures on Jewelry, by Detailed Demographic Characteristics, 2007 and 2012
U.S. Consumer Price Trends for Jewelry, 2000-2012
Total U.S. Apparent Consumption of Jewelry, 2000-2012
U.S. Apparent Consumption of Precious Metal Jewelry, 2000-2012
U.S. Apparent Consumption of Costume Jewelry, 2000-2012
Holiday Retail Sales in the U.S., 2000-2012
2. All property is sold "as is", and neither the auctioneer nor any consignor makes any warranties or representation of any kind or nature with respect to the property, and in no event shall they be responsible for the correctness, nor deemed to have made any representation or warranty, of description, genuineness, authorship, attribution, provenance, period, culture, source, origin, or condition of the property and no statement made at the sale, or in the bill of sale, or invoice or elsewhere shall be deemed such a warranty of representation or an assumption of liability.
3. Except as provided in paragraph 1 above, the highest bidder as determined by the auctioneer shall be the purchaser. In the case of a disputed bid, the auctioneer shall have sole discretion in determining the purchaser and may also, at his or her election, withdraw the lot or reoffer the lot for sale.
4. All merchandise purchased must be paid for and removed from the premises the day of the auction. Asset Forfeiture & Seizures Auctions Inc. may impose, and the purchaser agrees to pay, a monthly storage charge of 3.5% of the purchase price of any lot or portion of a lot not removed by the purchaser within three (3) business days after the date of sale. Asset Forfeiture & Seizures Auctions Inc. shall have no liability for any damage to property left on its premises for more than three (3) days after the date of sale. Internet Sales Exempt.
5. We accept cash (in house only) or check for payment. Any sale over $ 1500 will be done by cashiers check or wire transfer ONLY. Unless prior arrangments, if we are not told of payment intentions, we will no longer charge invoice to the card . Credit Cards on file. We reserve the right to NOT accept a paypal payment based upon past bidding history. Personal checks will be acceptable. We reserve the right to hold merchandise purchased by personal check until the check has cleared the bank. Also, chargebacks will not be honored and you agree this fact by registering and bidding. The purchaser agrees to pay AFS Inc. a handling charge of $23.00 for any check dishonored by the drawee. Please contact Accounting for additional payment methods. We do NOT accept payment by paypal for merchandise purchases.
6. If the purchaser breaches any of its obligations under these Conditions of Sale, including its obligation to pay in full the purchase price of all items for which it was the highest successful bidder, we may exercise all of its rights and remedies under the law including, without limitation, (a) canceling the sale and applying any payments made by the purchaser to the damages caused by the purchaser's breach, and/or (b) offering at public auction, without reserve, any lot or item for which the purchaser has failed to pay in full the purchase price, holding the purchaser liable for any deficiency plus all costs of sale.
7. In no event will the liability of AFS Auctions to any purchaser with respect to any item exceed the purchase price actually paid by such purchaser for such item.
8. Shipping is the responsibility of the purchaser. Upon request, our staff will provide the list of shippers who deliver to destinations within the United States and overseas. Some property that is sold at auction can be subject to laws governing export from the U.S., such as items that include material from some endangered species. Import restrictions from foreign countries are subject to these same governing laws. Granting of licensing for import or export of goods from local authorities is the sole responsibility of the buyer. Denial or delay of licensing will not constitute cancellation or delay in payment for the total purchase price of these lots.
9. All purchases are subject to the sales tax law of Nevada & California. Dealers, museums, and other qualifying parties are exempt from Taxation.
10. Property purchased will have premium equal to 22% of the final bid price, this will be applied to each lot sold, to be paid by the Buyer as part of the purchase price. Paying by check, money order, cashiers check or bank wire is given a 4% cash bonus.
11. Bidding on any item indicates your acceptance of these terms and all other terms announced at the time of sale whether bidding in person, through a representative, by phone, by Internet, or other absentee bid.
12. These conditions of sale shall be governed by the laws of the Nevada (excluding the laws applicable to conflicts or choice of law). The buyer/bidder agrees that any suit for the enforcement of this agreement may be brought, and any action against Asset Forfeiture and Seizures Auctions in connection with the transactions contemplated by this agreement shall be brought, in the courts of the Stae of Nevada or any federal court sitting therein. The bidder/buyer consents to the nonexclusive jurisdiction of such courts and waives objections that it may now or hereafter have to the venue of any such suit.
ALL SALES FINAL, ALL ITEMS SOLD AS IS WHERE IS, WITH ALL FAULTS. All payments must be received no later than 5 days after sale. Prior payment arrangements must be made 24 hours prior to sale, and be approved prior to bidding. We sell only to USA, Canada, Europe, Australia and select countries. If you are unsure if you are in these regions please do not bid, or ask us for bidding requirements.
Review the terms and be familiar with them as they are the basis of our working relationship and will enhance your bidding experience. We sell Assets Forfeited, Secured Goods, Overstocks, BK's, Ordered Sales, Land Disbursement, Consignments and Outright Acquisitions.
We sell for various Bankruptcy, Seizure, Overstock and Enforcement entities that do not allow us to ship items until full clearance of payments are concluded.
This includes all payments and wire. It CAN take up to 30 days for final approval for release. We ship twice a month to facilitate this. MOST items will ship within 5 days, but some will have the built in approval and release process. We apologize for this delay, but it is necessary for the type of goods you will be purchasing from us.
This is a mail, pre bid & Internet auction sale conducted and licensed. All bids are per lot. No lots will be broken. Auction sales are not approval sales. They are all guaranteed sales. DO NOT BID if you will not follow through with full and prompt payment of this contract.
Grading is a subjective description in the opinion of the cataloger or the consignor. Among experts there are often differences of opinion on the grading and the eye appeal of a coin. The strike and the state of preservation are often debated among professionals. With this being said it is imparitve that all bidders understand we cannot be held liable for the grading or condition of coins especially.
Use the photo provided, and rest assured we will attempt to convey an accurate description.