Prices exclusive of VAT and binding bids. The starting price, reserve price and bids are exclusive of VAT. VAT on the goods, where applicable, and the buyer's premium are shown in the bidding window before confirmation. Each bid is a legally binding obligation to purchase the entire auction lot at the bid price; it cannot be withdrawn.

Reserve price, no-reserve auctions and confirmation. In a reserve auction the sale is confirmed automatically if the highest bid at the close meets or exceeds the reserve price; if the reserve has not been met, the seller and the highest bidder have 24 hours to negotiate the price (up to 5 prices each), and the sale takes place when one of them accepts the price named by the other. A no-reserve auction (marked "No reserve") has no reserve price: the first bid may equal the starting price, and the highest bid at the close is a binding sale that the seller cannot refuse. The seller is obliged to hand over the sold goods. A bid in the final minutes automatically extends the closing time.

Accuracy of data and title. The seller is responsible for ensuring that the condition, quantity, completeness and specification of the goods correspond to the description, warrants that the goods are their property or that they are authorised to sell them, that the goods are not encumbered by third-party claims, and that the stated VAT status is correct. If the reserve price is above the market value of the goods, or the starting price of a no-reserve auction is above the lower bound of the market value, MASANETO may withdraw the auction until the first bid.

Payment into the escrow account. Within 1 business day after confirmation of the sale, the buyer pays the full total amount (the price of the goods, VAT on the goods where applicable, the buyer's premium and VAT on it) into the MASANETO escrow account. Up to 1 000 EUR payment may be made by bank transfer or card; above 1 000 EUR only by bank transfer (SEPA to a German IBAN issued by Stripe, payee SIA "Hunter"; the same deadline). Direct payment to the seller is not permitted. The seller may cancel an unpaid transaction after the deadline. If no payment is received, the buyer's account is restricted 2 days after the final deadline (1 day after the deadline), and 5 days after it the transaction is cancelled and the account blocked for 2 years.