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NAFA Announces July 2017 Selling Terms

June 18, 2017

NAFA is pleased to offer the industry’s most competitive and highly attractive selling terms for our July 2017 auction to our buyers:

  • All invoiced goods fully paid by the July 31st Prompt Day will be eligible to receive the 1% rebate on the hammer price.
  • With a minimum 35% deposit on all purchases by the July 31st Prompt Day, any remaining goods fully paid by September 6, 2017 will be eligible to receive a 0.5% rebate on the hammer price.
  • With a minimum 35% deposit on all purchases received by the July 31st Prompt Day, there will be no interest and storage charged on all July 2017 auction purchases up and until October 6, 2017. Interest will be charged thereafter at 8% up and until December 31, 2017 and 10% thereafter.
  • On goods purchased with less than a 35% standing deposit, interest charged on all July 2017 outstanding balances not fully paid by the July 31st Prompt Day will be 8% for the next 90 days, due and payable at that time, and 10% thereafter.

All other terms and conditions of sale remain unchanged.

NAFA-July-2017-Selling-Terms