Terms and Conditions for VaultBid AS
Welcome to VaultBid AS. By using our services, you agree to be bound by the following terms and conditions. Please read them carefully before participating in our auctions or using our platform.
General Information
VaultBid AS, founded in 2003 and based in Oslo, provides a global auction platform for buying and selling art, design, collectibles, and other valuable items. We prioritize transparency and trust, aiming to deliver a secure and efficient trading experience.
Acceptance of Terms
By registering an account or participating in auctions on VaultBid, you confirm that you have read, understood, and agree to these terms. If you do not accept the terms, you may not use our services.
Registration and Account
- All users must be at least 18 years old to create an account.
- The information you provide during registration must be accurate and up to date.
- You are responsible for keeping your account information secure and confidential.
Selling on VaultBid
- Sellers must provide accurate descriptions and images of the items they wish to sell.
- VaultBid reserves the right to reject or remove items that do not meet our standards.
- Sellers are responsible for shipping the item to the buyer within the agreed timeframe after the sale.
Buying on VaultBid
- All bids are binding. By placing a bid, you commit to purchasing the item if you win.
- Payment must be completed within the specified timeframe after the auction closes.
- Buyers are responsible for any shipping and handling costs unless otherwise stated.
Fees and Charges
VaultBid charges commissions and fees for our services. These vary depending on the sale amount and item type. Details of fees are clearly stated before the auction begins.
User Conduct
- Users must act professionally and respectfully on the platform.
- Attempting to circumvent our fees or engaging in illegal activities on the platform is strictly prohibited.
Disclaimer of Liability
VaultBid is not responsible for losses, damages, or disputes between users. We act as an intermediary and do not guarantee the authenticity or quality of auctioned items.
Account Termination
VaultBid reserves the right to suspend or terminate accounts that violate our terms without prior notice.
Changes to the Terms
VaultBid reserves the right to update these terms at any time. Any changes will be communicated on our platform, and continued use of our services indicates acceptance of the updated terms.
These terms were last updated on Dec. 5, 2024.