New Accounts
The first time buyer to NAFA will need to open an account with Buyer Services. The prospective buyer should contact NAFA Buyer Services directly by phone/fax or email prior to the sale. In addition to providing credit information, a 35% deposit will be required to be received in advance of the sale. This amount is calculated on the client’s intended dollar amount of purchases. The deposit may be sent by check, wire transfer, or by Letter of Credit opened by an approved bank.
All purchases not paid in full by Prompt Date require a minimum deposit of 35% of the invoice value to be received by Prompt Date. Goods will be held in accordance with the current clearance requirements published in the front of every auction catalogues. Storage charges and interest on the unpaid invoice balance will be charged from the Prompt Date at the established rates.
Conditions of Sale and Clearance Requirements
NAFA’s conditions of sale and requirements for deposit & clearance are published in all catalogues and are available from Buyer Services. All buyers should review this information when planning their auction purchases.