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Selling and Buying




Participating in Kedem’s public auctions is simple and straightforward. There are several ways in which to participate. We recommend that you read the information on this page to ensure that you are familiar with all of the available options and related terminology:

Catalogue

Kedem publishes auction catalogues with detailed descriptions of all the items offered for sale. Catalogues are distributed to all of our customers and uploaded to the Kedem website in addition to other websites that specialize in online auctions.. The catalogue contains reliable and accurate information on the condition of each lot or item, as well as historical data, quality photo and bibliographical data. The catalogue is prepared by a team of experts and Kedem is 100% committed to all of the information provided therein.

Information on Upcoming Kedem Auctions

Kedem holds several dedicated auctions every year. These include: Israeli & International Art; Jewish & Israeli History and Culture; Objects – Judaica, Israeliana, Numismatics and Medals: Religious Books, Manuscripts, & Rabbinical Letters, and Single Vendor Auctions.

We invite customers and prospects to subscribe to our mailing list and receive email notifications on upcoming auctions. Customers also receive a printed catalogue by mail. If you are interested in future auctions and wish to receive a copy of our catalogue, please contact us.  For those interested in our catalogue but not interested in participating the auctions, single copies or subscriptions to several catalogues may be purchased from our offices.

Preview of Auction Items

One week prior to a scheduled auction all items are exhibited for public viewing. Time and location of the viewing are published in the auction catalogue and on the Kedem website. Viewing is open to the public and does not require registration to participate. We encourage prospective buyers to inspect the items in advance to avoid misunderstandings, if any, following the sale. We invite those interested in previewing select items to contact us.

Participation in Auctions

For our buyers’ convenience, Kedem offers a choice of four easy participation options. Prior to participating, we recommend reading the Terms and Conditions published in the auction catalogue and on this website. 

Participation in the Auction Hall

Auctions take place in the auction hall at Kedem headquarters in Jerusalem or at an alternative venue, as specified in the auction catalogue. Upon arrival at the auction and after signing a participation form with your name and contact details, participants receive a small handheld sign with a number. During the auction, the auctioneer announces one item after another as they appear in the catalogue. A participant who wishes to bid on a specific item must wait for this item to be announced by the auctioneer. If there is no pre-bid on a certain lot, the auctioneer will announce the opening price as published in the catalogue. A participant who wishes to bid raises the sign and signals the auctioneer that he/she is interested in this lot at the opening price. In case of pre-bids or should another bidder raise the bid, it is possible to bid a higher price according to increments announced in advance or according to the auctioneer's decision.

IMPORTANT NOTE: All opening prices and announced prices do not include the buyer’s premium, as published in the auction catalogue on the Kedem website and on the auction participation form.

Participation by telephone

For convenience, customers may participate in an auction via telephone. Contact our offices prior to the auction date or email/fax a signed participation form specifying the lot numbers of interest. A Kedem representative will contact you during the auction shortly before the auctioneer announces the requested item and will represent you. Bidders interested in representation during the auction are requested to email/fax their orders or to contact Kedem offices no later than 24 hours prior to the auction. IMPORTANT NOTE: Participants who wish to be contacted for a specific item are committed to purchase this item at the opening price.

On-line bidding

Kedem auctions can be viewed online directly from the Kedem website or via other websites that specialize in online auctions.. In order to participate online through the Kedem website, you must register in advance on our Home Page. Registration via the website is subject to approval by a Kedem representative. We request that all participants register as early as possible.

During the auction, a link will appear on the Kedem website that will enable you to bid live. You may also participate online at www.invaluable.com or www.liveauctioneers.com. Both sites also require advance registration. Bidders who purchase items through these sites will be charged an additional 3% commission (in addition to Kedem’s commission).

Post Auction

A participant who was successful in purchasing an item will be contacted by a Kedem representative and be sent an invoice via email. The invoice includes the purchase price ("hammer price"), buyer’s premium and VAT (applicable to the commission only). Payment for a purchase is due not later than two weeks from the auction date. Payment can be made in cash, personal check in NIS, bank transfer or credit card. After clearing payment, the buyer can collect the item from Kedem’s headquarters in Jerusalem or request an estimate for local or international shipping.



Following is an easy-to-use guide detailing the process of consigned items for sale through the Kedem Auction House:

Evaluation

Before you start the selling process, you must evaluate the item or items you own. A FREE evaluation can be obtained in one of the following ways:

Email us: Send us a detailed description of the item/s you wish to sell. Provide as much information as possible and include a quality photo that will help give you an accurate evaluation.

Visit our offices: You are invited to bring your item/s to Kedem’s office in Jerusalem during business hours. A Kedem expert will inspect the item and if an evaluation cannot be provided on the spot, we will provide a signed document that the item was consigned in our offices for further investigation. Once the investigation is complete, we will contact you with an accurate evaluation at no charge and no obligation.

Home visits: When a large collection or archive is for sale, or there are larger items that cannot be transferred to our offices or photographed for an email, we can arrange to a home visit. An expert from the Kedem team will view the items in your home and provide an appraisal.

Items on Consignment

Once evaluation is complete and agreed upon by the consignor, the item is consigned in our offices for the purposes of an accurate description, quality photographs and insert into the auction catalogue. Consignment of an item can be done in person or by mailing the items to our offices. Postal and insurance expenses are the consignor's responsibility. Consignors mailing items from abroad are obliged to cover shipping and customs expenses, where applicable.

Upon consignment of an item, the seller receives a receipt with conditions of sale, description of item, date of auction and the price agreed between the parties. The price that appears on the receipt is referred to as the ‘reserve’ or ‘opening price’, namely, that said item will not be sold for less than the price agreed upon and that which appears on the receipt.

Post Consignment

Kedem produces the auction catalogue where all items appear in the appropriate categories with all relevant information to which the seller consigned. Catalogues are distributed to an extensive mailing list of customers and is available online on the Kedem website, as well as on other websites that specialize in online auctions.

IMPORTANT NOTE: Confidentiality is very important to us and under no circumstances is the seller’s identity revealed without their consent.

Post Auction

When a consigned lot is sold, Kedem transfers payment to the seller following collection of the full amount from the buyer and not later than 45 business days after the auction. Kedem charges a variable commission from the seller, relative to the value of the item. In case the item has not been sold, the consignor is requested to collect the item from Kedem offices no later than 14 days after the auction.




 

1. “Kedem” Public Auction House (“Kedem”) acts as agent for sellers of items to be offered for sale to the public (‘the Sellers’).

2. “Kedem” will produce a catalogue for every sale (‘The Catalogue’), which will include a list of items available at the sale, their serial numbers and opening prices. For the avoidance of doubt, information provided in the Catalogue, including opening prices, descriptions of items and any other information concerning the items, are solely for the purpose of information for potential buyers and are in no way to be construed as stand and\or obligation on behalf of “Kedem” and\or its employees and\or representatives. Kedem reserves all rights to the pictures that appear in the catalog. Additionally, "Kedem" will conduct online auctions which will take place online only, without an auctioneer or printed cataloge, which will hence be called "online auctions".

3. “Kedem” will appoint a person as manager of the sale (‘the Auctioneer’) who will be responsible on its behalf for the execution and management of the auction.

4. The Auctioneer reserves the right to prevent participation in the auction of any person. The auctioneer reserves the right to determine the winner of each lot, to cancel the sale of any item (even after it’s sold) or to re-enter it for sale, at his own discretion and at any stage whatsoever. The auctioneer also has the right to withdraw or add items to the sale and to add or withdraw from the Catalogue any information about an item to be offered in the auction on the basis of information received by “Kedem” after publication of the Catalogue.

5. In order to participate in the auction, a potential purchaser must obtain a numbered paddle before the auction which will enable him to bid at the auction.

6. The auction will be conducted using US Dollars as currency.

7. On the fall of the hammer and the acknowledgment of the numbered paddle of the offeror by the Auctioneer, the offeror`s offer will be binding and will be considered to be accepted and title to the item will pass to the offeror whose offer was accepted (‘the Purchaser’), subject to the fulfilment by the Purchaser of all payment obligations to “Kedem” as set out hereunder.

8.  The amount mentioned in an offer at a sale by a Purchaser which is accepted) the Hammer Price( shall be paid to "Kedem" by the Purchaser, together with a commission ('the Commission') ) and Israeli VAT on commission only.  The commission per lot will be 23% of the hammer price up to and including $180,000, 18% of the portion of the hammer price above $180,000 up to and including $1,000,000, and 12% of the portion of the hammer price above $1,000,000. Payment to "Kedem" shall be effected immediately upon the conclusion of the auction but, at any event, not later than seven days after the date of the auction.

The commission in online auctions will be 25% of the hammer price.

9. Payment can be made in cash (New Israeli Shekels or US Dollars), check (NIS or US Dollars), credit card (up to $25,000) or via bank wire transfer.

10. It is the responsibility of the buyer to collect the purchased items directly from the offices of “Kedem,” or have them collected by a delivery service or courier on his behalf. In certain cases in which a buyer so requests, “Kedem” can, at its sole discretion and without taking or accepting any responsibility for damages or loss, pack and ship the items to the buyer, provided the buyer pays in advance for the full cost of shipping and handling. The cost of shipping and handling varies according to type, size and weight of the package, the shipping method and the shipping destination. For further information about shipping methods and charges, please contact “Kedem.”

11. An item which is priced in US dollars will be calculated in New Israel Shekels in accordance with the representative rate of exchange as published by Israel Bank on the date of the auction.

12. A Purchaser is liable to pay interest on any delay in payment, at the rate of 2% per month of the amount payable, with adjustments to index-link all outstanding amounts payable to the Dollar Exchange Rate

13. The purchaser, whether for himself or for another, is obliged to pay for the items and take them. The auctioneer has the right to take any means he thinks appropriate to ensure the purchaser keeps his obligation, among these to cancel a sale, sell the item to another, charge the purchaser with any expenses caused to the auctioneer including interest and index linkage, sue for compensation, delay the release of the item and add all expenses to the sum due.

14. “Kedem” is responsible for the information given regarding the items’ nature, originality and condition. However all information given by “Kedem”, in its capacity as agent for the consignor, and based on accumulated information and the experience of its experts. It is entirely the responsibility of the prospective purchaser to check and inspect the items to determine condition, quality, authenticity, size, authorship during the allocated time prior to the auction. The purchaser may submit in writing, any doubts regarding the authenticity and condition of the item within 30 days of the sale. If it is proven to “Kedem” that there has clearly been an error in the information which was given relating to any item, “Kedem” shall refund any sums paid by the purchaser and the item shall be returned to the possession of “Kedem”. Subject to this obligation, the purchaser shall have no claims and\or further demands with respect to that item.

15. A purchaser is obliged to collect the purchased item and to fulfill his obligations to pay for the item no later than seven days from the date of the sale of the item. For the avoidance of doubt, the right to possession of the item will pass only once the purchaser has fully filled his payment obligations as set out in these conditions.

16. “Kedem” will represent, free of charge, potential purchasers who do not wish or who are unable to attend the auction. These potential purchasers are requested to complete the Rights to Bid form in the catalogue or website, no later than one day prior to auction. “Kedem” will not be liable, under no circumstances, for any error, emissions in connection therewith.

17. Any potential purchaser who wishes to participate in the auction via telephone shall make the necessary arrangements within a reasonable time before commencement of the auction.

18. The courts of Jerusalem, Israel, shall have the sole jurisdiction in any dispute between “Kedem” and the purchaser or any potential purchaser, based on the details of this agreement and\or related to the sale and\or to the transfer of any item.

19. In any case of doubt the Hebrew version of this Terms Of Sale will be the binding document.

Online Terms of Use


  1.  Kedem provides online bidding as an alternative bidding service and it should not be considered a substitute for bidding in the room. We encourage our clients to weigh the advantages and limitations of live online bidding.
  2.  Kedem is pleased to offer internet services as a convenience to our clients, but we will not be responsible for errors or failures to execute bids placed on the internet, including, without limitation, errors or failures caused by (i) a loss of connection on Kedem's or your end; (ii) a breakdown or problems with the online bidding software and/or (iii) a breakdown or problems with a client's internet connection, computer or system. Execution of online internet bids is a free service subject to other commitments at the time of the sale and Kedem does not accept liability for failing to execute an online internet bid or for errors or omissions in connection with this service.
  3.  Naturally, a live auction proceeds quickly and bidding can often progress very rapidly. To ensure that online bidders are not are not placed at a disadvantage when bidding against bidders in the room or on the telephone, the procedure for placing bids through Kedem is a one-step process. As soon as the "Bid" button is clicked, you submit your bid. By doing so, you accept and agree that the bids you have submitted in this manner are final and that you will not under any circumstances be permitted to amend or retract your bid.
  4.  If Kedem receives a successful bid from your computer, you accept personal liability to pay the purchase price, including the buyer's premium and all other applicable charges.
  5.  During a live auction, when bids other than internet bids are displayed, they will be displayed on the internet bidder's computer screen as "room" bids. "Room" bids include those bids taken from the live auction room, telephones or absentee bidders. In the event of a tie between an online bid and a "room" bid, the "room" bid generally will take precedence.
  6. Kedem reserves the right to refuse or revoke permission to bid online and to remove online bidding privileges during the auction.
  7.  The record of sale, kept by the auctioneer and clerk, will be the absolute and final word in all disputes. In the event of any discrepancy between an online record or message provided to you and the record of sale kept by the auctioneer and the clerk, the record of sale will govern.