Auction Service Rules

 Please read the following auction rules of each company carefully before participating in the auction. Each auction is operated based on its own rules. Unless otherwise specified, we assume no responsibility for each auction. Please contact each auction company directly if you have any questions or concerns regarding their products or auctions.

※If you have sometihing questions, please contect Hong-kong Auction※

NET WORLD COINSHK CO., Ltd

Address: FLT C16/F TOWER 1, 7 HUNG LUEN RD, STARS BY THE HARBOUR HUNG HOM, KOWLOON HONG KONG

E-Mail:info@networldcoinshk.com 

Japanese AgentContact:Toyo Kogei Bijutsu Co.,Ltd

Address: 4F,Amusu Building, 618-4 Kakimotocho, Shimogyo-ku, Kyoto City, Japan

(PostalCode:600-8357)

TEL: +81-075-366-0516

FAX: +81-075-366-0518

E-mail:info@networldcoinshk.com

Article 1: Scopeof Application

(1) As the firstoverseas partner of AW, these rules are formulated by NET WORLD COINS HK Co.Ltd in accordance with relevant laws and regulations in Hong Kong. They applyto all consignors, bidders, and buyers participating in collectible tradingactivities on the AW platform (www.auction-world.co). Please refer to AW Auction Service Rulesfor rules governing all our services. The following provides a detailedoverview of key sections of the auction rules.

Article 2:Authenticity Guarantee

Please be awareour company does not guarantee that the items provided are flawless. Items notauthenticated by PCGS, NGC, or JNDA are not guaranteed to be genuine. All itemsnot graded by the aforementioned three agencies are sold as-is.

Article 3:Company's Authority in Auctions

(1) The company does not entertain requests tochange auction prices or cancel bids without valid reasons.

(2) Please ensure that the entered bid reflectsthe price you genuinely intend to offer. The consequences of errors in bidamounts due to input mistakes are the responsibility of the bidder. The companydoes not accept changes or cancellations of bid amounts. We recommenddouble-checking your bid before participating in the auction.

(3) Bid Increment

(4) Please note that the bidding and payment forthis auction is in Hong Kong dollars.

Article 4:Closing and After-Sales

(1) After asuccessful bid, the company will charge a 15% commission based on the hammerprice.

Calculation ofAuction Commission :

For example :

Hammer Price:¥10,000 

Commission:¥1,500 (15% of the hammer price)

Total: ¥11,500

(2) AuctionClosure and Payment

After winning anitem, please check your bill in the member center. The amount due includes thehammer price, commission fee, shipping fee, and insurance. Any additional costsduring the shipping process will be borne by the buyer. Our company does notfacilitate face-to-face transactions or self-pickup; all auction items aredelivered by mail. Upon confirmation of full payment, items will be dispatchedwithin five working days in order.

Article 5:Payment

(1) Buyers mustmake payment in Hong Kong dollars within 7 days after the auction closes.Buyers are responsible for item shipping costs and any additional fees beforethe items are delivered. For direct transfers from outside Hong Kong, overseasbank transfer fees will apply. Shipping costs and insurance will vary based onthe value, weight, and volume of the items.

(2) Failure tomake payment within the specified period will result in the cancellation of thetransaction and the bidder's disqualification.

(3) PaymentAccount (Bank Payment): In addition to the buyer's local bank remittanceservice fee, a service fee from the Hong Kong bank receiving the payment willbe incurred （250HKD/transaction)

(4) Inaccordance with the Hong Kong 《Banking Ordinance》, 《the Anti-Money Laundering and Counter-Terrorist FinancingOrdinance》,《registration regime for dealers inprecious metals and stones》 and other regulations, any transaction of HKD 120,000 or morein Hong Kong during the course of business must be declared to the Hong KongCustoms .

①HSBC

BANKNAME : HSBCHONG KONG
BANK CODE : 004
SWIFT CODE : HSBCHKHHHKH
BANK ADDRESS : 1 Queen’s Road Central, Hong Kong
ACCOUNT NAME : Net World Coins HK Co., Limited
ACCOUNT NUMBER : 741658017838

②DSB

BANK NAME :dah sing bank limited , HongKong
BANK CODE : 040
SWIFT CODE : DSBAHKHH
BANK ADDRESS : nos. 1101 and 1102, 1/f, lok fu plaza , 198junction road HK
ACCOUNT NAME : Net World Coins HK Co., Limited
ACCOUNT NUMBER : 765018147478

③PayPal

Account：NET WORLD COINS HK CO., LIMITEDor  nwc.hongkong@gmail.com

(PayPal feeis 4.6%).

(4) All items willbe dispatched from Hong Kong.

NET WORLD COINSHK CO., Ltd

Address: FLT C16/F TOWER 1, 7 HUNG LUEN RD, STARS BY THE HARBOUR HUNG HOM, KOWLOON HONG KONG

E-Mail:info@networldcoinshk.com 

Japanese AgentContact:Toyo Kogei Bijutsu Co.,Ltd

Address: 4F,Amusu Building, 618-4 Kakimotocho, Shimogyo-ku, Kyoto City, Japan

(PostalCode:600-8357)

TEL: +81-075-366-0516

FAX: +81-075-366-0518

E-mail:info@networldcoinshk.com

(5) After theauction closes, please promptly coordinate with our company for the handover ofwon items. For items not mailed within 30 days from the payment deadline due toreasons on the customer's end, a storage service fee will be applied. The feestructure is as follows: HKD 1,000 per month for items weighing up to 1 kg. Foritems exceeding 1 kg, the fee is HKD 1,000 per month per kilogram.

(6)If we believe you have defaulted on payment, we will take the following actions:

①If the successful bidder has not paid the full amount by the payment deadline, for any reason such as the recipient's address being unknown or the recipient refusing to receive the auction items, and if the full amount is still not paid after we send a payment reminder to the registered email of the successful bidder, the successful bidding will be considered canceled without further remind. Once the successful bidding is canceled, the successful bidder will lose all rights to the won items, and we have the right to auction the items again without notifying the successful bidder.

②If the successful bidding is canceled, the successful bidder must pay the Hong Kong company a default penalty of at least 20% of the winning bid amount, with a minimum charge of HKD 200 if the total penalty amount is less than HKD 200. This default penalty will be used as compensation for our lost and related costs of re-auctioning. At the same time, the account of the member will be blacklisted, canceling their qualification to participate in all future auctions .

③To remove the blacklist status, in addition to paying the above-mentioned default penalty to the Hong Kong company, you must also submit an additional bidding deposit to AuctionWorld.

④The deposit you paid will be used to cover the default penalty.

⑤Please note that once the transaction is cancelled, our company will terminate your bidding qualification。

Article 6:Returns

(1) Returnsrequire a valid reason approved by the company. The return period is within 7days from the auction closing date. However, returns will not be accepted underthe following circumstances:

1.The conditionof the item differs from its state at the closing of the auction.

2.Buyer has wonthe auction and completed settlement, even though bidder is unable to previewthe item before bid.

3.Itemsexplicitly marked as non-returnable, such as those indicating "NoReturns," "Authenticity Uncertain," or "EraUncertain."

4.Payment ismade beyond the payment deadline.

5.Itemsmistakenly bid on.

6.The slab case(PCGS,NGC,etc) has been broken.

7.Returnswithout a valid reason.

8.Buyer hasperformed repairs, alterations, or modifications on the purchased item afterreceiving it.

9.Items otherthan PCGS, NGC, or JNDA will not be accepted for return.

Article 7:Others

(1) Descriptionsin catalogs, advertisements, and web page explanations related to auction itemsare for reference only. Details provided by the company (author, era,dimensions, weight, material, color tones, techniques, provenance, condition,title, damage, restoration, etc.) serve as the company's interpretation of theitems and do not constitute the basis for influencing the market value of theitems.

(2) Images ofauction items may not necessarily fully express the color tones, colors,materials, etc. of the items. Some defects in items may not be visuallyapparent. Therefore, the company bears no legal responsibility for the contentsof catalogs and other promotional materials.

(3) The companydoes not currently offer preview services.

(4) For anyquestions regarding auction items, please contact customer service. Our Companywill endeavor to accommodate your reasonable requests, including providingadditional videos, images or other relevant information.

Article 8:About Consignment

➤Click here to confirm Consignment Rules!

Please be awarethat this English instruction is a direct translation from the Chinese versionand is not intended for legal purposes. In case of any discrepancies with theChinese version, kindly defer to the Chinese version for accurate information.

July 19th, 2024 - First Amendment