Terms of Agreement

【Notes for the Purchaser】
• Basic Matters
    • STAR BUYERS AUCTION is an auction by bidding where participants are required to register as a Member.
    • For participating in the Auction, the purchaser is required to consent to this Special Agreement.
   
   
•. Rules of Auction
    • Auction (Bid through the Internet)
        • The Auction will be made on the Member’s Special Site by having the bidders bid up the desired bidding price.
        • We will conduct the Auction in our sole discretion and determine the increment of each successive bid, in our sole discretion.
        • When making a bid from the Member’s Special Site, please confirm the following notes of precaution and take cautious steps when making bids:
            • If there are two or more bids at the same price, the bids will be accepted in the order of arrival;
            • We will not accept any cancellation of bids or any offer to change the bidding price after you make a bid. Please make sure to check the confirmation screen before placing a bid; 
            • After successful bid of the goods, payment must be made by bank transfer to our designated bank account within three 3 business days of the day when the results of the Auction are posted to the Member’s Special Site.  
            • We will not accept any cancellation after successful bid.
            • Condition of goods depends on the description (including images). We will not guarantee anything other than the contents listed in the description, and we can not accept any claims about the contents that can be confirmed from description.
            • If you purchase without previewing the previewable product category, we will not accept any guarantee. 
            • We will not accept any claims about the goods that can check it at the preview event.
         
• Auction Goods
    • We will provide to those who wish to participate in an auction, information of goods that are scheduled to be put up at the Auction, by through the Member’s Special Site.
    • Pictures, description and conditions of the auction goods (hereinafter referred to as “Goods Information”) will be upload on the Member’s Special Site. We will place accurate Goods Information on the Member’s Special Site in accordance with our standard. Should there be any mistakes in Goods Information, we will separately discuss and determine how to handle such mistakes.
    • We will not accept any claims relating to Goods Information provided in the previous paragraph; provided, however, that we will separately discuss matters not stipulated in Goods Information.
    • Pictures, description and conditions of the auction goods (hereinafter referred to as “Goods Information”) will be placed on the Member’s Special Site. Please to be sure that purchaser check on them before bidding during the bidding period.
    • In regard to the Member’s Special Site:
        • The name of goods and conditions thereof is specified in the Member’s Special Site;
        • Any mistake in the name of goods is subject to guarantee.


• Instruction by Goods Category
    • 【Watches】
        • In regard to mechanical watches, failure caused by malfunction from internal causes will be subject to guarantee by the seller.
        • Please check the information on the Member’s Special Site, etc. in regard to information on external parts (case, dial plate, bracelet, wristband, etc).
        • In regard to goods without guarantee from the seller confirming that it is a genuine product, the purchaser should bid for such goods at its own judgement. After successful bid, we will not accept any request relating to such goods.
        • After successful bid, we will not accept any request relating to the appearance of goods that can be checked on the Member’s Special Site.
        • In regard to automatic wind watches or hand wound watches, returning of goods or price negotiations on matters regarding daily rate, accuracy, etc. of such watches are not included in the warranty.
        • If replacement of the circuit of a quarts watch becomes necessary after successful bid, such replacement will be subject to the return of goods or price negotiations.
        • Matters within the machine such as immovability, rust, etc. that cannot be judged from the Member’s Special Site, will be subject to return of goods or price negotiations.
        • The seller will guarantee grades (YG WG PT) provided in the Member’s Special Site, however, that return of goods or price negotiations in regard to the content rate of such metal is not included in the warranty.
        • “Guarantee” and “Parallel Guarantee” will be specified only in regard to the guarantee of Rolex watches. Watches with “Guarantee” are covered by guarantees of authorized distributors in Japan, and watches with “Parallel Guarantee” have guarantees from distributors outside Japan.
        • In regard to attachments, if there are any discrepancy in the description on the Member’s Special Site. and the actual goods, such discrepancy will be subject to guarantee.
      
    • 【Brand Name Jewelry, No Brand Name Jewelry】
        • After successful bid, we will not accept any request relating to the appearance, etc. of the goods (scratches, chips, damage, etc.) that can be checked on the Member’s Special Site. This will also apply to goods without seal, carat weight unknown or without engraving. Therefore, please check such matters on the Member’s Special Site.
        • Colored stones is put up for auction by the guarantee provided by the seller. Even if, after successful bid, it becomes apparent that the result of the appraisal for such stones differ from the declared information, please note that we will not participate in any negotiations which should be made between the purchaser and the seller.
        • The seller will guarantee grades (YG WG PT) provided in Member’s Special Site.
        • Purity of metal used in the goods is not included in the guarantee; provided, however, that those with engraving such as K18 or Pt850 is subject to guarantee by the seller.
        • Please check the carat weight of seals, brooches, and other fashion rings, etc. on the Member’s Special Site.
        • Please check on the Member’s Special Site for traces of ring size alternation.
    • 【Bags, Fashion Accessories】
        • After successful bid, we will not accept any request concerning matters that can be checked on the Member’s Special Site. Also, as specified above, we will not accept any request in regard to the existence or non-existence of attachments (excluding goods with “attachments included in the name of goods”). Please check such matters on the Member’s Special Site.
    • 【Accessories, Apparel, Shoes, Silver Brand】
        • After successful bid, we will not accept any request relating to the appearance, etc. of the goods (scratches, chips, damage, etc.) that can be checked on the Member’s Special Site.
      
      
• Payment
    • The purchaser’s commission fee is as specified below.
    • For watches, diamonds, brand name jewelry or no brand name jewelry, bags, fashion accessories, or accessories: 5% of the successful bid price
      For apparels, shoes or silver brands: 10% of the successful bid price
    • All prices at the Auction are exclusive of tax. Therefore, you must pay consumption tax with the successful bid price when making payment thereof.
    • Payment of the total successful bid price should be made within three (3) business days after the results of the Auction are posted to the Member’s Special Site . Once we confirm your payment, we will ship the goods.
        * In the event we cannot confirm your payment after three (3) business days has elapsed following the successful bid, we have the right to void the transaction and a we also have the right to revoke membership right.
    • If there is discrepancy in the registered name and the name of the person who made the bank transfer, we will return the full amount of such payment. Please make the bank transfer of such amount once more, this time under the registered name. Purchaser needs to register the name of person who will make the bank transfer on the Member’s Special Site before payment. 
    • The purchaser will bear the bank transfer fee for the transfer of payment of the successful bid price.
    • The purchaser will bear the shipping fee (goods insurance), customs duty, bank transfer fee and other similar charges relating to goods purchased by successful bid.
    • Currencies that may be used for payment: Japanese yen only.
    • Custom duties or other import tax and custom clearance fee may be imposed on your purchased goods at the customs clearance of the country you receive the goods.
      As policies relating to tax or custom clearance fee differs by country, for details, please check with the country where you intend to receive the goods.

• Others
    • Goods placed on the Member’s Special Site. may be changed without advance notice, due to various reasons.
    • No shipment of goods violating the Washington Convention will be made.


【Notes for the Seller (JAPAN)】
• Basic Matters
    • STAR BUYERS AUCTION is an auction by bidding where participants are required to register as a Member.
    • The seller agrees to this Special Agreement and applies for sale of goods by consignment by sending us the designated application form. The sales commissioning agreements between the seller and us will be finalized only if we find the contents of such application appropriate.
   
   
• Auction Goods
    • When you wish to put up goods for auction, please apply from the Auction site by stating the category (watches, bags, brand name jewelry etc.) and number of items of such goods.
    • Please send the goods that you wish to put up for auction to our staff office after contacting us in advance. The seller will bear the transportation fee. In regard to goods to be consigned, the seller is required to enter the required matters in the “Consignment Seller List” (Excel data) designated by us, and send such data to the staff office by email.
      We will not expect any goods without advance notice.
    • We will not be responsible for any incidents (damage, loss, etc.) that occur during delivery.
    • Goods are required to put a name tag to enable us to match it with the “Consignment Seller List”. Please take necessary steps to ensure that goods arrive within the period stated in Appendix 2. If goods delivery is delayed or goods have difficulty to identify from list, we may refuse to put them on auction.
    • After arrival of goods, we will inspect such goods and if we judge that the goods delivered are below our standard or the estimated successful bid price will be below the standard for auction, or is deemed not appropriate to put on auction, we may decide to cancel them from auction and send the goods back to you.
    • There is no limit on the number of goods you may put on auction; provided, however, that we may stop accepting goods if the number of goods to be put on auction at each tournament reaches the scheduled number.
    • If you wish to cancel your goods from auction for certain reasons, please contact the staff office before start of each tournament of the Auction in which such goods are scheduled to appear. We will not accept any request of withdrawal on or after the start of the Auction. Please note that such canceled goods will only be returned after the close of the Auction. A listing fee of 500 yen (excluding tax) will be charged even if the goods are cancelled.
    • The successful bid price of goods will be determined by “market value” in which the evaluation of the goods and market making will be left to the discretion of auction participants; provided, however, that if you have any request in the reserved price (hereinafter referred to as the “Limit Price“), please enter Limit Price in the amount column of the “Consignment Seller List”. The Limit Price for each category will be specified in Appendix 2.
      Any goods without a specified Limit Price will be deemed purchased at the maximum bid price at the Auction.
    • If we determine that the Limit Price will significantly exceed the successful bid price, we may ask the seller to change such Limit Price.
    • The seller will be responsible for shipping fee, import duties and other similar charges relating to the returning of cancelled goods, unsold goods, etc.


• Instruction by Goods Category
    • 【Watches】
        • Please make sure to enter details of goods (including entering defects, etc.) in the “Consignment Seller List”. If there is discrepancy between the goods and information in the “Consignment Seller List”, the seller will be responsible for such discrepancy.
        • In regard to mechanical watches, the seller will be responsible for any failure caused by malfunction from internal causes that cannot be checked on the Member’s Special Site.
        • Automatic wind watches and hand wound watches may be submitted to put on the Auction only if operation check of such watches is completed (excluding antique clocks).
        • All quarts watches with dead batteries will be treated as operation is guaranteed. Please enter in the “Consignment Seller List” that the batteries of the watch are dead.
        • We may remove the seal attached to the watch (such as on the dial face) to check the condition of the goods. If you wish us not to remove the seal, please enter your request in the “Consignment Seller List” and also make sure to contact the staff office of such request. Even if you request non-removal of the seal, if any damage to the watch is discovered after successful bid, you may have to negotiate with the purchaser in this regard.
        • In regard to standard of goods to be put on auction and standard of Limit Price, please check the contents specified in Appendix 2.
    • 【Brand Name Jewelry, No Brand Name Jewelry】
        • Please make sure to enter details of goods (purity of gold, brand, stone name, carat weight, size, etc.) in the “Consignment Seller List”. If there is discrepancy between the goods and information in the “Consignment Seller List”, the seller will be responsible for such discrepancy,
        • If you do not provide guarantee for stones such as rubies, sapphires, emeralds, jades, etc., please enter them as colored stones in the “Consignment Seller List”. We will put such stones on the Auction as entered in the list.
        • We may open the package of the goods to check its condition. If you wish us not to open the package, please enter your request in the “Consignment Seller List” and also make sure to contact the staff office of such request. Even if you request us not to open the package of the goods, if any damage to such goods is discovered after successful bid, you may have to negotiate with the purchaser in this regard.
        • In regard to rings, neckless, bracelets, and other similar jewelry, please make sure to enter their weight in the “Consignment Seller List”.
        • In regard to standard of goods to be put on auction and standard of Limit Price, please check the contents specified in Appendix 2.
    • 【Bags, Fashion Accessories】
        • Please make sure to enter details of goods (brand, name of line, name of model, color, shape, etc) in the “Consignment Seller List”. If there is discrepancy between the goods and information in the “Consignment Seller List”, the seller will be responsible for such discrepancy.
        • We will not guarantee any damage for reasons that cannot be considered attributable to us, such as scratches or metallic fatigue.
        • In regard to standard of goods to be put on auction and standard of Limit Price, please check the contents specified in Appendix 2.
        • If the goods are outsourced for processing or repaired, the seller will guarantee it.
    • 【Apparel, Shoes, Silver brand, Accessories】
        • Please make sure to enter details of goods (brand, name of line, name of model, color, shape, etc) in the “Consignment Seller List”. If there is discrepancy between the goods and information in the “Consignment Seller List”, the seller will be responsible for such discrepancy.
        • We will not guarantee any damage for reasons that cannot be considered attributable to us, such as scratches or metallic fatigue.
        • In regard to standard of goods to be put on auction and standard of Limit Price, please check the contents specified in Appendix 2.

• Others
    • Rules and regulation of GSBA consignment
        All consignment products will follow our Company standard to determine it's suitability for the Auction, and the Company Standard & rules which are shown as below,
        • Inappropriate products which are regulated by the laws and common morals.
        • The products which are from illegal ways such as stolen products, lost products etc.
        • The products which out of our categories or cannot be classified.
        • The products which not fit our Auction concept
        • Others, Inappropriate products which determine by our company.
    • For Unsuccessful bid product
        • All unsuccessful bid products will ship out after the auction in 3 working days 
        • All charge including shipping fee, insurance and customs tax will be borne by the Consignors.




Appendix 1【Auction outline】
■1st week Auction
Deadline for bidding
1st week Tuesday 17:59 (Watches, Fashion Accessories, Apparel, Shoes, Silver brand, Accessories)
1st week Wednesday 17:59(Brand Name Jewelry, No Brand Name Jewelry, Bags)
※automatic extension (In 5 minute increment) 
Bidding begins: Thursday of the previous week (All genre starts)

■3rd week Auction
Deadline for bidding
3rd week Tuesday 17:59 (Watches, Fashion Accessories, Apparel, Shoes, Silver brand, Accessories)
3rd week Wednesday 17:59 (Brand Name Jewelry, No Brand Name Jewelry, Bags)
※automatic extension (In 5 minute increment) 
Bidding begins: Thursday of the previous week (All genre starts)

■Entry fee 
Free.

■Bidding commission
Watches, Brand Name Jewelry, No Brand Name Jewelry, Fashion Accessories, Bags, Accessories:5%
Apparel, Shoes, Silver brand:10%




Appendix 2【Guidance to put up Goods for the Auction】
1. Please apply for the genre and number of items on the Member’s Special Site.
■Reservation Period
1st week auction: Tuesday 9:00~ Saturday 19:00 of the 3rd week of the previous month.
3rd week auction: Tuesday 9:00~ Saturday 19:00 of the 1st week.
2. Please send us an email with the details of the item in the list of items for auction.

■Application Period(Data)
1st week auction: Tuesday 9:00~ Saturday 19:00 of the 3rd week of the previous month.
3rd week auction: Tuesday 9:00~ Saturday 19:00 of the 1st week.
3. Please create a simple tag and attach it to the product so that the product can be checked against the listing.

■Application Period(Goods)
1st week auction: Wednesday ~ Sunday of the 3rd week of the previous month.
3rd week auction: Wednesday ~ Sunday of the 1st week.
※Please write month, week, genre of the auction on the shipping slip.
※The shipping cost will be borne by the seller.
 
 ■Exhibition rules
Watches, Brand Name Jewelry, No Brand Name Jewelry, Bags: More than 30,000 yen(estimate)
Fashion Accessories, Accessories: More than 10,000 yen(estimate)
※If seller needs reserve price, that will be the start price of auction. Reserve price must be higher than above.
※We do not accept set goods.
We will return the goods that we judge not to meet the above requirements. And also, we cannot refund shipping charges.

■Selling cost
Selling cost: A sales contract will be concluded with the amount of the winning bid multiplied by 95%.
Listing fee fee:500 yen per goods (excluding tax).
Unsuccessful bid fee: 500 yen per goods (excluding tax).


※If it does not make a successful bid after the listing, you will be required to pay 500 yen (excluding tax) for the listing fee + 500 yen (excluding tax) for the unsuccessful bid = 1,000 yen (excluding tax). ※Listing fee of 500 yen (excluding tax) will be charged even if the listing is canceled.






Established on November 1, 2019 
Revised on September 1, 2020