IronGate Annual Fine Wine Benefit Auction

Auction Terms and Conditions

These Terms and Conditions apply to the collective of Registered Charitable Organisations (Canadian Opera Company, Toronto Symphony Orchestra, Second Harvest, Timothy Eaton Memorial Church, JazzFM and Cystic Fibrosis, herein after referred to as "RCO") and supplement the Terms and Conditions of the Auction host, Iron Gate Auctions Inc.

 

The wines listed in the online Auction catalogue, as may be amended by announcement, are being offered for sale by the RCO for their own account. By participating in this Auction, you agree to our Terms and Conditions. For this Auction, no buyer’s premium will be added to your invoice, and no HST or other sales tax is applicable. Payment for your invoice can be made via the online Auction checkout system. Buyers are responsible for pick-up, and as detailed in the Shipping & Delivery section below, certain delivery costs may be added to your invoice. Bidders are legally responsible for all bids that they have placed, and all sales are final. Please review the full Terms & Conditions.

 

Terms of Bidding

All bidders/purchasers of wine or other alcoholic beverages through the Auction must be 19 years of age or older. Proof of age may be required prior to the transfer of any purchased lots.

 

Bidders must register/sign-in for an account at IronGateAuctions.com in order to participate in the Auction. The bidder’s contact information is registered with IronGate Auctions at IronGateAuctions.com and will be shared with the RCO for administrative purposes. Email addresses will be used for RCO communications only.

All sales are final. No purchase can be returned, refunded or exchanged. Bidders are legally responsible for all bids that they have placed, even if a bid has been placed in error.

No buyer’s premium will be added to the total purchase price. No HST/sales tax is applicable.

Successful bidders must pay for their purchases via the online Auction checkout system. No Auction lots will be released to the Buyer unless the purchase price has been paid in full.

 

Bidding Notes

The online Auction opens on Tuesday, November 26, 2024 at 9 am EST., and closes on Tuesday, December 3 beginning at 7 pm EST.

Bidding is anonymous. Bidding information and notifications for bids, outbids and successful bids on lots are administered by the Auction host, IronGate Auctions.    

All bidding stops when the auction closes. If a bid is placed within the last five minutes of the auction, the bidding will continue until no further bids have been received after a five minute interval.

In the case of identical bids, the earliest received bid will take precedence. The RCO and IronGate Auctions are not responsible for technical errors or failures to execute bids.

The Buyer will be the highest bidder for the lot and the Buyer immediately assumes full risk and responsibility for the lot. When you register/sign-in for an account, you are agreeing to these terms and conditions.

Bid increments differ depending on the opening bid price of each lot.

The RCO and IronGate Auctions reserve the right to withdraw any wines or other alcoholic beverages listed in the Auction catalogue at any time before the actual sale begins. IronGate Auctions reserves the right to, in its sole and absolute discretion, cancel or delay the Auction at any time before the Auction begins, without prior written notice or further publication, by announcement at IronGateAuctions.com. RCO and IronGate Auctions reserve the right to reject any bid or bidder in their sole and absolute discretion.

ALL PRICES ARE IN CANADIAN FUNDS.

 

Conditions of Sale

By bidding at Auction, bidders are bound by these Terms and Conditions, as amended by any announcements, lot descriptions or posted notices, which together form the contract of sale between the successful bidder (buyer), and (auctioneer).

RCO reserves the right to withdraw any lot at any time before the actual sale. Alllots are sold on an “as is, where is” basis, and RCO makes no warranties or representation of any kind or nature with respect to any wine or other alcoholic beverages being auctioned, including but not limited to any representation or warranty of description, genuineness, attribution, provenance, or physical condition. All warranties and conditions implied by law are hereby excluded. Bidders and purchasers may not rely upon any statement of RCO, oral or otherwise, other than as set forth in these conditions of sale. No person shall have recourse against RCO or IronGate Auctions for any irregularity or illegality in the Auction, or the conduct of the Auction, or of the wine or other alcoholic beverages. By registering to bid, all bidders acknowledge that the wine or other alcoholic beverages offered for sale at the Auction may not have been tested by the Liquor Control Board of Ontario, and all bidders agree to sign a written acknowledgement stating same if requested by the RCO or IronGate Auctions.

 

Shipping & Delivery

Upon completion of the Auction, successful bidders will be notified with information on how to pick up the purchased lot(s) from IronGate Auctions, through their pick-up process. The auction is Pick-Up Only, no deliveries will be offered.  Successful bidders shall, upon completion of the Auction, immediately assume responsibility for, and risk of loss relating to, the purchased lots. If any successful bidder fails to arrange for pick-up of their purchased lots within thirty (30) days, then storage fees shall be charged to and payable by such successful bidder starting on the 31st day after the completion of the Auction. No Auction lots will be released to the Buyer unless the purchase price has been paid in full.

 

AGCO Auction Authorization No. AA1422747 Issued under the Liquor Licence Act to Timothy Eaton Memorial Church.

AGCO Auction Authorization No. AA1432277 Issued under the Liquor Licence Act to Canadian Opera Company.

AGCO Auction Authorization No. AA1430334 Issued under the Liquor Licence Act to JazzFM91 Inc.

AGCO Auction Authorization No. AA1431291 Issued under the Liquor Licence Act to Cystic Fibrosis Canada.

AGCO Auction Authorization No. AA1431935 Issued under the Liquor Licence Act to Toronto Symphony Volunteer Committee.

AGCO Auction Authorization No. AA1433767 Issued under the Liquor Licence Act to Second Harvest.

 

Iron Gate Auctions Terms and Conditions

In addition to the Terms and Conditions outlined above the following Terms and Conditions from Iron Gate Auctions Inc. will apply to all bidders.

Participation in any online auction hosted on the IronGate Auctions Inc. website (the “Site”) is subject to the following Auction Terms and Conditions which govern all Iron Gate Auctions as posted on the Site, as posted in the auction showroom, and as set out in any catalogue. IronGate Auctions Inc. (the “Auctioneer”) reserves the right to modify or update the Auction Terms and Conditions without prior notice.  It is the responsibility of all prospective buyers to review any and all changes made to these Auction Terms and Conditions prior to each use of this Site. Modifications and changes are effective and binding when posted on the Site. By using the Site, you agree in advance to accept all Auction Terms & Conditions, including such changes.

 

1. Definitions:

As used herein, the following words are defined as described below:

“Bidder” means any person participating, making, or attempting to make a bid at an auction sale, either Online or Live.

“Buyer” means a person who makes the highest bid accepted at the closing of an “Online Auction” or by the auctioneer in a “Live Auction”, except as otherwise provided in Iron Gate Auctions’ Discretion in Relation to Bidding/Purchasing, Paragraph 4 a) b) or c) below.

“Online Auction” is the sale of a Property or Lots which is conducted by means of Iron Gates Online Auction Platform and assorted technical services accessible solely by online means and which enables Buyers to bid for and buy Lots in a time-based auction.

“Live Auction” is the sale of Property or Lots which is conducted in person under a Licenced Auctioneer in a live, public forum.

“Hammer Price”: means the highest bid accepted from a “Bidder” for a Lot during an Online or Live Auction, unless Iron Gate Auctions decides to use its authority as set out in Iron Gate Auctions’ Discretion in Relation to Bidding/Purchasing, Paragraph 3 a) b) or c) below. This means a contract for sale has been formed between the seller and the successful bidder.

“Buyer’s Premium” means the commission payable by “Buyer” to Iron Gate Auctions, which is 20% of the “Hammer Price”.

“Import Duties” means duties, tariffs, permits, rates, schedules, taxes, and preliminary statements or require licenses or other charges required by laws, rules, or restrictions governing importation of alcoholic beverages, as those laws, rules, or restrictions may be amended, adjusted, increased, renegotiated, replaced, or restated from time to time.

“Purchase Price” means the sum of the “Hammer Price”, the “Buyer’s Premium”, and any applicable taxes.

“Property” means an item offered for sale at an auction.

“Lot” means a collection of one of more items offered for sale as a single unit at an auction.

"Reserve" is the confidential minimum price which the Seller has agreed to accept for a Lot below which the Lot cannot be sold.

“Seller” means the consignor of the Property.

“Conditions of Sale” The legal terms that govern the conduct of the auction including the acceptable methods of payment, terms, buyer’s premium, reserve bids or any other limiting factors of an auction.

 

2. Description of Property for Auction

Iron Gate Auctions endeavors to describe each Property or Lot as carefully and accurately as possible, however, Iron Gate Auctions and the Seller do not warrant or represent, and deny responsibility for, the accuracy of Catalogue or Lot descriptions and photographs encompassing but not limited to provenance, vintage, authenticity, quality, colour and condition as may be stated in the description, on a condition report, or in catalogue photography. All statements are a matter of opinion only, and cannot be construed as warranties or representations of fact or assumptions of any liability on the part of Iron Gate Auctions or the Seller.

Wines are inspected, catalogued and lotted as accurately as possible prior to the time of sale, including the ullage levels, if Iron Gate Auctions believes significant changes have occurred since bottling. However, it is possible that levels may change between cataloguing and date of sale. Iron Gate Auctions believes that all Property sold at auction has been properly stored before being delivered to Iron Gates’s temperature and humidity-controlled cellars. Buyers of older and more fragile wines must make allowances for natural variations of ullage and general condition, including corks, cases and labels. Wines of less than 20 years of age have been determined by Iron Gate Auctions, based on our professional judgment, to be in generally excellent condition unless otherwise indicated. The absence of any such reference does not imply that an item is free from defects, nor does a reference to particular defects imply the absence of any others. All lots are sold “AS IS” without any representation or warranty of any kind by Iron Gate Auctions or the Seller. Lot descriptions may be subject to written or verbal revision and amendment by Iron Gate Auctions prior to the time of sale. Neither Iron Gate Auctions nor the Seller shall be responsible to the Buyer for errors or omissions, written or oral made at any auction, in the catalog, email, tasting notes, estimates, or in any communication by Iron Gate Wines.

Pre-sale Estimates are provided by Iron Gate Auctions as a guide for prospective Bidders to assist them with determining the appropriate amount to bid for a Lot.  Estimates are based on the condition, rarity, quality and provenance of the lots and on prices recently paid at auction for similar property. Estimates do not include the buyer’s premium or any applicable taxes. All Pre-sale Estimates are in Canadian dollars.

Unless otherwise specified, all Lots are offered subject to a Reserve, which is the confidential minimum price the seller will accept and below which the lot will not be sold. Reserves shall be no higher than the low Presale Estimate at the opening time for the applicable Online Auction.  Under no circumstances will the system place any bid on behalf of the Seller at or above the Reserve.   

Notwithstanding the previous conditions, if a Lot has been determined to not be correct, a letter from a qualified specialist must be provided to Iron Gate Auctions within 14 days of the close of the online auction.

 

3. Iron Gate Auctions’ Discretion in Relation to Bidding/Purchasing

a) Iron Gate Auctions reserves the right, in our absolute discretion, to reject your registration to bid, reject any bid, refuse entrance to a live auction premise or participation in any auction.

b) Iron Gate Auctions reserves the right to disable or deactivate your account at any time during the sale.

c) Iron Gate Auctions reserves the right to withdraw or divide any lot or combine any two or more lots; in the case of error or dispute restart or continue bidding even if the bidding is finished; cancel the sale of a lot; or re-offer or re-sell any lot. If any dispute relating to bidding arises during or after the sale, Iron Gate Auctions’ decision in exercise of any of these options is final.

 

4. Connectivity and Technical Problems

Execution of online and mobile internet bids are a free service and convenience to Bidders.

Iron Gate Auctions shall not be responsible for any failure to execute such bids or any error relating to a bid including without limitation, errors or failures caused by: (a) loss of connection to the Internet of either Iron Gate Wines or Bidder; or (b) a breakdown or problems with Bidder’s Internet capacity, connection, corporate firewalls, device or other technical problems that may create difficulties for some users including (but not limited to) accessing sales and maintaining continuity of such access.

 

5. Online Bidding Process

1. Online auctions begin and end at a predetermined date and time.

2. Bids may only be submitted between the dates and times specified for that lot.

3. Bidding generally opens at or below the low estimate and increases in bidding increments to be determined at the sole discretion of Iron Gate Auctions. The currency for all Iron Gate Auctions is Canadian dollars.

Bidding increments are as follows:

$100 to $500                      by $20

$500 to $1000                    by $50

$1000 to $2000                  by $100

$2,000 to $3,000                by $200

$3,000 to $5,000                by $250

$5,000 to $10,000              by $500

$10,000 to $20,000            by $1,000

$20,000 to $30,000            by $2,000

$30,000 to $50,000            by $2,000

$50,000 to $100,000          by $5, $000

100,000 to $500,000          by $10,000

All increments subject to the discretion of the auctioneer.

4. As soon as you place and confirm your bid amount, the bid is submitted (subject to any pre-determined credit limit). You accept and agree that bids submitted in this way are final and that you may not, under any circumstances, amend, retract or revoke your bid.

5. The highest bid accepted at the Lot closing will be the successful bid. The close of a successfully bid Lot signifies the acceptance of a contract with Iron Gate Auctions, selling as agent for the seller. As a Bidder you are responsible for any bids placed under your bidding account.