AUREA Numismatika

20 Dalasis 1993 - Henry the Navigator, Ag 0.925 (31.47 g), KM.34, capsule

imgs/2068/2031.jpg

We have more than 10 years of experience in brokering auctions. 
We will be happy to facilitate the entire process of the auction and the requirements after its end.

<ul>
 
<li>We will prepare a digitized catalog from your data</li>

 
<li>We will grant you access to the administration of your users</li>

 
<li>You will have an overview of the offers and statistics from the auction</li>

 
<li>Before the auction, we will notify the collector via SMS and email</li>

 
<li>In the case of a floor auction, trained staff will come to you</li>

 
<li>At the hall auction, we will arrange an audiovisual live broadcast and then publish a recording of the auction</li>

 
<li>We will arrange the entire connection of the online auction with the physical auction on site</li>

 
<li>After the auction, you will receive a report with results and statistics from the auction</li>

 
<li>We will generate invoices based on the choice of transport and payment</li>

</ul>

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Thanks to the live broadcast, you can watch and listen to the auctioneer in the comfort of your own home, who is in charge of the pace of the auction and decides when the auction of a particular item closes and who the winner is. 
Whether you bid from home or in the hall, you have the same conditions and chances of winning. 
However, online bidding offers much more convenience and flexibility.

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Limiting is a simple way for you to participate in an auction without having to be online at the time of the auction. 
Limiting takes place the entire time the auction catalog is issued until the start of the auction. 
If you want to limit, just determine in advance the maximum amount you are willing to offer for the item. 
If your bid is not outbid by another bidder, you win the item. 
Only you and the auction house can see this amount. 
If the auction price exceeds your limit and you are connected online, you have the option to raise your bid and win the item.

Limitation

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After the end of the limitation, the online auction starts, during which the items are auctioned one by one. 
Sufficient time is set for each of them to submit a bid, and in the case of a new bid, the time is automatically extended. 
The winner of the item is the bidder whose bid remains the highest until the time for bidding on the item expires. 
After the end of the auction, the respective auction house will send you all the necessary information about the method of payment and the possibilities of shipping/picking up the work.

Online auction

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The auction proceeds chronologically according to lot numbers, and the time for a new bid is reset after each bid. 
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On our platform you will find the current offer of all important auction houses in the Czech Republic. 
We have been building a secure and transparent platform since 2013, we maintain a comprehensive archive of all past auctions and we help collectors find their way around the current auction market. 



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<h3>Do you have questions about auctions?</h3> If you need information about auctions, auction items or the status of your bids, please contact the relevant auction house directly. <h3>Do you need technical support?</h3> If you encounter any problems with your account or registration, or have other technical questions, please do not hesitate to contact us at the e-mail address: helpdesk@livebid.cz. <h3>Cooperation with us</h3> If you are an auction house, gallery, antique store, or own an art collection and are interested in auctioning it through our system, for information on cooperation, contact us at info@livebid.cz.

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<h2>SPECIAL TERMS AND CONDITIONS FOR DIRECT SALE OF GALLERY WORKS</h2>
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These special terms and conditions (hereinafter the "Galleries Terms") govern the purchase of works of art and design objects (hereinafter the "Work") by direct sale through the Livebid Galleries section on the portal www.livebid.cz (hereinafter the "Portal").
The Galleries Terms supplement the Livebid General Terms and Conditions available at <a href="https://livebid.cz/terms" target="_blank" rel="noopener noreferrer">https://livebid.cz/terms</a> (hereinafter the "General Terms") for the purpose of direct sale of Works offered by galleries. Terms written with a capital initial letter that are not defined here have the meaning given in the General Terms.
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Livebid s.r.o., registered office at Příčná 1892/4, Nové Město, 110 00 Prague 1 Company ID: 14100169, VAT ID: CZ14100169 registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 360592 email: <a href="mailto:info@livebid.cz">info@livebid.cz</a> (hereinafter "Livebid" or the "Operator")</div>
<h3>Article 1 — Relationship to the General Terms and Scope</h3>
1.1. Livebid Galleries is a section of the Portal where galleries and similar sellers (hereinafter the "Gallery") offer Works for direct sale at a pre-stated purchase price, as one sales channel alongside their own website and showroom.
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5.3. For delivery to an address, the Gallery professionally packs the Work. Livebid arranges insurance of the Work for the purchase price for the duration of transport from collection from the Gallery (author) until handover to the Buyer.
5.4. The estimated delivery time or pickup date is stated in the order or its confirmation.
5.5. Risk of damage to the Work passes to the Buyer upon handover of the Work to the Buyer.
<h3>Article 6 — Withdrawal from the Contract (Consumer)</h3>
6.1. If the Buyer is a consumer within the meaning of Act No. 89/2012 Coll., the Civil Code, they have the right to withdraw from the purchase contract within 14 days of receiving the Work without giving a reason.
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6.3. The condition of the Work is documented upon delivery and return (photo, description).
6.4. The Buyer bears the cost of returning the Work; the Work is returned to the address designated by Livebid in the original or equivalent packaging.
6.5. Livebid refunds payments received within 14 days of receipt of withdrawal, but not before the Work is returned or proof of its dispatch is provided.
6.6. The right of withdrawal does not apply to performance under the exceptions in Section 1837 of the Civil Code, in particular Works created to order according to individual consumer requirements.
<h3>Article 7 — Complaints</h3>
7.1. Rights arising from defective performance are exercised by the Buyer against the Gallery as seller. The Buyer submits a complaint through Livebid (by email to info@livebid.cz or via a form on the Portal); Livebid forwards the complaint to the Gallery and provides cooperation in its handling and communication.
7.2. If the Buyer is a consumer, the complaint will be resolved no later than 30 days from its submission, unless the parties agree on a longer period.
<h3>Article 8 — Data Protection and Loan for Exhibition</h3>
8.1. Livebid processes Buyers' personal data as an independent controller under Regulation (EU) 2016/679; details are set out in the Privacy Policy available on the Portal.
8.2. The Buyer's identity and contact details are not disclosed to the Gallery, except to the extent necessary for performance of the purchase contract or required by law. For personal pickup, the Gallery verifies the Buyer's identity solely for the purpose of handing over the Work under Art. 5.2; the Gallery does not retain the Buyer's data or use it for other purposes. This replaces the rules on disclosure of Buyer data to the Seller under Art. IV, Section 16 of the General Terms for Livebid Galleries.
8.3. Loan of a Work for exhibition: the author or Gallery may in the future request a loan of an already sold Work for exhibition/curatorial purposes. Providing the loan is a voluntary decision of the Buyer and is not a condition of purchase or part of the purchase contract.
<h3>Article 9 — Dispute Resolution and Final Provisions</h3>
9.1. A consumer may contact the Czech Trade Inspection Authority (<a href="https://www.coi.cz" target="_blank" rel="noopener noreferrer">www.coi.cz</a>), which is the body for out-of-court resolution of consumer disputes.
9.2. Livebid is entitled to amend these Galleries Terms in the manner provided in the General Terms; for purchase contracts already concluded, the wording effective at the time of the order applies.
9.3. These Galleries Terms and the relationships arising from them are governed by Czech law. The General Terms apply in all other respects.
9.4. These Galleries Terms enter into force and effect on 2 July 2026.
Livebid s.r.o. · Livebid Galleries · Company ID 14100169 · supplements the General Terms at <a href="https://livebid.cz/terms" target="_blank" rel="noopener noreferrer">https://livebid.cz/terms</a>

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<h2>Policy for the processing of personal data</h2>of Livebid s.r.o. IČO: 14100169, VAT number: CZ14100169, registered office at Příčná 1892/4, Nové Město, 110 00 Prague 1, registered in the commercial register conducted by the Municipal Court in Prague, section C, file 360592, email: info@livebid.cz, (hereinafter referred to as “Livebid” or “Operator”)issued in accordance with Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons in connection with the processing of personal data and the free movement of such data and the repeal of Directive 95/46/EC (hereinafter "GDPR"):The user, as the subject of personal data, shows that he is aware of all of them by his free decision (pressing a button). the facts listed below and agrees to the further processing of their personal data for the purposes of business activity operator of this website (or consent for the processing of personal data for the purpose of sending newsletters, if granted special consent).Personal data are processed by the administrator to the extent that the user provided them to the administrator, for the reason, to the extent and to for the following purposes:<ol><li>For the purposes of establishing and maintaining a user account on the website www.livebid.cz, the administrator only processes personal data data that the user himself provides in the registration form.The personal data manager mainly processes the following personal data: identification data (name and surname, address place of residence, date of birth, or social security number), contact information (phone number and e-mail), financial information (especially bank account number), or other data that the user himself provides in the registration form or which will be requested by the administrator to enable registration.</li><li>For the purpose of enabling the user to participate in the auction, prove the user's identity and subsequently transfer data by the seller for the purpose of concluding a purchase contract to contractual partners of the administrator on the basis of the authorization of the sellers processes outside the data according to letter A) also personal data to the extent of: valid identity documents of the user and his photograph. Without providing this data, it is not possible to participate in the relevant auction. At the same time, these data are also processed for the purposes of downloading, processing, storage and use by the administrator for the following purposes: i) for internal use by the administrator, for product development and the administrator portal; ii) for processing and publishing (including forwarding to contractors to the administrator's partners) in the aggregate, or in anonymous form (e.g. for the purposes of various studies, statistical reports, infographics, case studies, etc.).</li><li>For the purposes of sending newsletters and other business communications, the administrator processes it based on express consent personal data in the scope of: e-mail, telephone. These personal data are also processed for the purposes of submitting offers customized products of the administrator and contractual partners of the administrator. By granting consent, the user also consents to the downloading, processing, storage and use of data by the administrator for the following purposes: i) for internal use by the administrator, for development administrator's products and presenting users with a tailored offer of administrator's products; ii) for processing and publishing (including transfer to contractual partners of the controller) in aggregated or in anonymous form (e.g. for the purposes of various studies, statistical reports, infographics, case studies, etc.).The data subject has the right to object at any time to the controller processing personal data for this purpose.</li></ol>The processing of personal data is carried out directly by the administrator. The administrator is authorized to transfer personal data to other entities (processors) with whom he concluded a contract for the processing of personal data, in particular the seller and persons participating to secure the auction. The administrator informs that personal data according to letter B) administrators are provided by the seller for the purpose enabling the conclusion of a purchase contract between the buyer and the seller.The administrator declares that all subjects to whom personal data may be made available respect the rights of data subjects for the protection of privacy and are obliged to proceed according to the applicable legal regulations regarding the protection of personal data.Personal data are not transferred to countries outside the European Union.The administrator applies appropriate technical and organizational measures for the protection of personal data that correspond to the nature and type relevant personal data or categories and the risks associated with their processing.The processing of personal data will take place for the duration of the contractual relationship, for the period necessary to ensure the rights and obligations arising from the contractual relationship, but no longer than for a further 3 years from the end of the contractual relationship, if the relevant legal regulations do not provide otherwise. After this period, the user's personal data will be deleted by the administrator.As a subject of personal data, the user has the following rights in accordance with the GDPR:Right to withdraw consent. Where the user's consent is required for the purposes of processing personal data, the user is entitled to revoke consent at any time, in particular by sending an e-mail from the user's e-mail address or by clicking on a link in the newsletter to unsubscribe.Right of access. The user has the right to access personal data that is processed about him, and at the same time the right to information about what personal data are processed about him, for how long, what are the purposes of their processing, to whom are made available and if they are used for automated decision-making (or how this automated decision-making works).Right to rectification. If the user discovers that incomplete or incorrect personal data is being processed about him, he has the right to correction of personal data or, if required by the purpose of processing such personal data, their addition.Right to erasure. The right of the user is also the right to delete personal data that is stored about him and processed.Right to portability - another right that the user can exercise is the so-called right to portability. Based of this right, the user may request the provision of personal data that were provided to the administrator on the basis of consent users and which are processed automatically by the administrator. Personal data of the user that meet these conditions, upon request, we will provide the administrator in a commonly used, structured and machine-readable format, or is based on forwards the user's requests to another administrator as determined if it is technically feasible.Right to restriction of processing. In cases where the user feels that his personal data is being processed by the administrator incorrect, has the right to request that the administrator limit the processing of personal data to the time necessary to verify accuracy user's personal data and their possible correction.The right to object to the processing of personal data for the purpose of direct marketing. The user has the right to object for the administrator to process personal data for the purpose of direct marketing (e.g. for the purpose of sending commercial messages). In this case, the controller will immediately stop processing personal data for this purpose.Right to complain. In the event that all of the above rights are insufficient from the user's point of view, or are of the opinion that in any way the administrator violates the above rights, the user has the option to file a complaint with the supervisory authority. You can file a complaint by contacting the Office for the Protection of Personal Data, which is available on the page: <a target=_blank href=https://www.uoou.cz/podatelna-uradu/os-1006>https://www.uoou.cz/podatelna-uradu/os-1006</a> .The administrator processes data with consent, with the exception of cases provided by law, when it does not require the processing of personal data consent of data subjects. The administrator points out that it is not possible to demand the deletion of personal data, which the administrator is obliged to do to collect, based on a legal obligation (obligation imposed by law).If the user wishes to correct the personal data that the operator processes about him, he can request it by email to <a href=mailto:helpdesk@livebid.cz>helpdesk@livebid.cz</a>.

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<center>of the company Livebid s.r.o., ID No.: 14100169, VAT No.: CZ14100169, with registered office at Příčná 1892/4, Nové Město, 110 00 Prague 1, registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 360592, email: info@livebid.cz, (hereinafter referred to as “Livebid” or “Operator”) for users of the Livebid.cz web portal (hereinafter referred to as "GTC")</center><h2>I. INTRODUCTORY PROVISIONS</h2><ol><li>These Terms and Conditions (GTC) regulate the mutual rights and obligations when using the services of Livebid as a software provider for the purpose of online auction through the web portal www.Livebid.cz in the form of an indoor or online (electronic) auction, and for the purpose of direct sale of goods or services or mediation of direct sale of goods or services, and bidders who participate in auctions organized by sellers through the Livebid service or who buy goods or services offered on the Livebid website (Users).</li><li>These GTC contain the auction rules for auctions held through the Livebid system.</li><li>If it is stated in these GTC that the provisions refer to an auction, it means both an internet (electronic or eAuction) auction and an indoor auction with the participation of internet Bidders, unless it is explicitly stated that the relevant provision refers only to a certain type of auction. If it is stated in these GTC that the provisions refer to the sale or purchase, it means both the sale or purchase of goods and services and the auction.</li></ol><h2>II. EXPLANATION OF TERMS</h2><ol><li>AML Act means Act No. 253/2008 Coll., on Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism;</li><li>2. Auction Notice means a document issued by the Seller containing information about the auction, in particular a description of the subject of the auction, the amount of the lowest bid, the minimum bid amount, information about the Seller, the date and time of the auction start, the time of the auction end, and other information. The Auction Notice may contain the Client's Auction Rules for the auction procedure if provided by the Client, otherwise, or unless the Client's Auction Rules so exclude, the Operator's Auction Rules contained in these GTC shall apply;</li><li>3. Buyer means the Bidder with the highest bid who has been declared the winner of the auction or has been designated by the Operator as the Buyer;</li><li>4. Livebid Identity means the verification of the User's identity using the software solution of the supplier, company GetID OÜ, reg. No. 14700267, with registered office at Maakri 19/1, 30th floor, 10145, Tallinn, Estonia, another supplier of a similar service designated by Livebid, or on the basis of mediated identification pursuant to Section 10 of Act No. 253/2008 Coll., on Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism by a notary public or a public administration contact point (CzechPoint);</li><li>5. Seller means a person registered on the portal www.Livebid.cz as a seller, who offers goods for sale through the Livebid system, which they are either the owner of or are authorised by the owner to sell, whereby they sell through the Livebid system on their own behalf and under their own responsibility;</li><li>6. Operator means company Livebid s.r.o., ID No.: 14100169, VAT No.: CZ14100169, with registered office at Příčná 1892/4, Nové Město, 110 00 Prague 1, registered in the Commercial Register maintained by the Municipal Court in Prague, Section C, Insert 360592, as the operator of the www.Livebid.cz portal and the administrator who ensures the operation of the Livebid system;</li><li>7. User means a person registered on the portal www.Livebid.cz as a person interested in selling and participating in auctions and who is registered on the Livebid.cz website as detailed here: <a target=_BLANK href=https://livebid.cz/en/help>https://livebid.cz/help</a>;</li><li>8. Bidder means a verified User who has been allowed to express an active interest in purchasing goods or services and in participating in the auctions, based on identification pursuant to Article V of these GTC, whereby only the Bidder is entitled to participate in the auction process and to purchase goods or services.</li></ol><h2>III. USER REGISTRATION</h2><ol><li>1. Participation in the sale or auction is open to any natural or legal person who registers fully on the portal www.Livebid.cz and who completes and sends the registration form to the Operator. The User is obliged to fill in all mandatory data in the registration form, otherwise they will not be allowed to complete the full registration. By registering, the User confirms that they have read and understood these binding GTC and the privacy policy available here <a target=_BLANK href=https://livebid.cz/en/gdpr>gdpr</a>.</li><li>2. The User is obliged to provide true and up-to-date information in the registration, otherwise they are liable for any damage caused by the failure to provide true information.</li><li>3. In the event that any change occurs in the information provided in the registration form after the registration, the User is obliged to notify the Operator immediately by changing the data in the user profile.</li><li>4. As part of the Livebid service, the Operator ensures that the data from the registration form is stored electronically.</li><li>5. The User is obliged to refrain from using any defamatory, offensive or vulgar terms, otherwise the Operator is entitled, at their discretion, to cancel either the User's registration or the User's account without compensation or change their username.</li><li>6. The User is entitled to request cancellation of the user profile at any time.</li><li>7. For more information about the registration process and benefits of registered users, please visit: <a target=_BLANK href=https://livebid.cz/en/help>https://livebid.cz/help</a>.</li></ol><h2>IV. PARTICIPATION IN AUCTION AND PURCHASE</h2><ol><li>The conditions of participation in the auction and the subsequent purchase of goods or services are regulated by these GTC, the relevant Auction Notice and the Seller's terms and conditions (Auction Rules), which the Seller shall attach to the Auction Notice, whereby the Auction Notice shall prevail over the Seller's terms and conditions and the Seller's terms and conditions shall prevail over these GTC.</li><li>The provisions of the legal regulations governing public auctions pursuant to Act No. 26/2000 Coll., on Public Auctions, as amended, shall not apply to the auction, as the Bidder who made the highest offer (highest bid) does not become the owner of the object of the auction on the date on which the Operator closes the bidding, but on the date of conclusion of the purchase contract, or other agreement with the Seller, or at the time set for the transfer of ownership according to generally binding legal regulations.</li><li>Before making a request to participate in the auction and/or purchase, the User is obliged to familiarize themself with the relevant Auction Notice and the terms and conditions (Auction Rules) of the Seller. By confirming participation in the auction, the User agrees to the Auction Notice and the terms and conditions (Auction Rules) of the Seller, and undertakes to comply with these conditions.</li><li>For the avoidance of doubt, the Operator is not the Seller of the electronic auctions posted on the portal www.Livebid.cz, but the administrator of the Livebid auction system, as the Operator only offers the Seller a technical auction solution.</li><li>The purchase offer and the auction are published according to the information provided by the Seller on the basis of the purchase offer or the public Auction Notion issued by the Seller. The Operator is not responsible for the accuracy of the data contained on the card of the offered goods or services or on the auction card, the completion of which was carried out by the Seller themself. Neither are they responsible for the content of the documents delivered by the Seller for publication.</li><li>The Seller determines the time of the start of the auction. This information will be published on the card of the offered goods or services or on the auction card.</li><li>The sale or auction will be started manually or automatically at the designated time. Bidders may make their submissions from the time it is opened.</li><li>All timing of the sale or auction is abided by the time of the server running the www.Livebid.cz portal, which is governed by Central European Time - GMT+1, taking into account Standard Time (CET) and Summer Time (CEST).</li><li>Participation in the sale and auction is only possible for Bidders with full registration. Full registration means Livebid Identity.</li><li>In the event that a deposit is required to participate in the auction, the deposit must be made in the manner specified by the Seller in the Auction Notice. The method of deposit will also be published on the auction card.</li><li>A Bidder intending to make a bid in a given auction must make a bid in an amount that exceeds the last highest bid made. This does not apply in the case of the first bid, which may be made in the amount of the lowest bid. In the event of more than one bid being made in the same amount, the bid made first shall prevail. Bidders are bound by their submissions and cannot withdraw them. The Bidder who has made the highest bid shall be entitled to purchase the auction lot. The Bidder with the highest bid, i.e., the Buyer, will be designated by the Operator as the winner of the auction.</li><li>Until the auction commences, the Bidders are entitled to enter the maximum amount they are willing to bid for the goods and services offered in the auction, the so-called limitation, so that the Livebid system or, in the case of an indoor sale, the Bidder's representatives, make successive submissions on behalf of the Bidder and up to the amount of the Bidder's limitation. In such case, the Bidder acknowledges that they are bound by the Bid up to the limit and are obliged to enter into a purchase agreement with the Seller as the Buyer.</li><li>The Bidder wishing to purchase the offered goods or services in a sale (not an auction) must make a submission in the amount of the asking price indicated in the card of the offered goods or services. In the case of a sale, the Buyer shall be the first Bidder to make a submission in the required amount and who is designated as the Buyer by the Operator. Neither the moment the Bidder makes a submission, nor the announcement of the Bidder as the winner of the sale, constitutes a contract of sale, but an opportunity to enter into a contract of sale with the Seller. The Bidder acknowledges that the Operator is only facilitating the possibility of concluding a purchase contract with the Seller.</li><li>Upon completion of the sale and auction, the Operator will forward the personal and contact details of the Buyer to the Seller for the purpose of concluding a purchase contract or other contractual arrangement regarding the sale, including payment details and handing over the object of the sale and auction. The Operator shall not be liable for any actions related to the process that follows the completion of the sale and auction, i.e., the conclusion or not of the purchase contract or other contractual arrangement between the Buyer and the Seller.</li><li>By registering on the portal www.Livebid.cz, the User acknowledges that their user account may be suspended, including additional exclusion from the auction, if there is a violation of the Auction Notice, violation, non-compliance or failure to provide the necessary cooperation in accordance with generally binding legal regulations or other violation of the general rules and ethics of participation in auctions according to individual evaluation by the Operator. Suspension of a user account may consist in its complete blocking and cancellation of the existing limits, or in blocking access to participate only in specific auctions.</li></ol><h2>V. USER IDENTIFICATION</h2><ol><li>The Operator provides the Seller with the identification of Users interested in becoming Bidders participating in sales and auctions, in order to verify the identity of Users. Identification is carried out on the basis of three successive steps, namely by verifying the User's e-mail address, the User's telephone number and the User's identity.</li><li>The User is entitled to verify the User's identity in one of the following ways:</li><li>a) via Livebid identity. By using the Livebid identity, the User agrees to the terms of the GetID publicly available at this link: <a target=_BLANK href=https://getid.com/privacy-policy/ >https://getid.com/privacy-policy/</a>.</li><li>b) by uploading the User's identity document, which will then be evaluated by the Operator;</li><li>c) on the basis of a mediated identification pursuant to Section 10 of Act 253/2008 Coll., on Selected Measures against Legitimisation of Proceeds of Crime and Financing of Terrorism by a notary or a public contact point (CzechPoint - usually available at the office, post office or notary), by sending a public document on the result of the mediated identification to the Operator's data box hb22jhz. The Operator notes that the issuance of the public document is subject to a fee, the costs in this case being borne by the User.</li><li>d) by personal verification of identity by simultaneous presentation of two identity documents in front of an employee of the Operator, by agreement between the Operator and the User, or at events organised by the Operator, at which the Operator allows and announces in advance that it will be possible to verify the identity of the User. By using this identity verification option, the User agrees to the taking of a copy of the identity document by an employee of the Operator.</li><li>Verification of the User's e-mail address is carried out by sending an e-mail containing a link to verify the e-mail address.</li><li>Verification of the User's phone number is carried out by sending a text message with a code for phone number verification.</li><li>Verification of the User's identity is carried out in the following scope: identification and verification of identity by means of an identity document, or comparison of likeness, in particular by means of a photograph taken, the so-called selfie, within the framework of Livebid identity by taking an interactive video-selfie.</li><li>By participating in the sale or auction, the Bidder acknowledges that the Seller is entitled to identify and check the Bidder including cases of identification and control under the AML Act, always in cases where the Seller is in the position of an obliged person under the AML Act. Identification under the AML Act shall always include a determination of the source of funds. Refusal to identify and check the Buyer, as well as the fact that the Buyer is unable to prove that the funds do not originate from criminal activity, is a reason for which the Operator is entitled to subsequently exclude the Buyer from the sale and auction.</li></ol><h2>VI. FORCE MAJEURE</h2><ol><li>The Operator shall not be liable for failure to perform their obligations during the period of force majeure to the extent that the Operator could not be required to prevent the failure to perform their obligations due to force majeure.</li><li>Any event independent of the Operator's will that prevents the performance of their obligations and which could not have been foreseen is considered force majeure under these GTC. In particular, a natural disaster, fire, explosion, severe windstorm, earthquake, flood, war, strike or other events beyond the Operator's control shall be considered force majeure for the purposes of these GTC.</li><li>Force Majeure shall also include the unavailability and non-functionality of Internet connections not caused by the Operator or other critical parts of the infrastructure necessary for the provision of the service by the Operator.</li><li>For the duration of the force majeure, auctions that have already started shall be suspended until the consequences of the force majeure are removed.</li></ol><h2>VII. FINAL PROVISIONS</h2><ol><li>If any provision of the GTC is or becomes invalid or ineffective, the invalid provision shall be replaced by a provision whose meaning is as close as possible to the invalid provision. The invalidity or ineffectiveness of one provision shall not affect the validity of the other provisions.</li><li>The contracts, the GTC and the legal relations arising from them, as well as any disputes arising from these legal relations, shall be governed by Czech law.</li><li>The Operator is entitled to change these GTC at any time by way of notification on the portal www.Livebid.cz. The new GTC shall become effective on the date of their publication on the portal, unless the Operator sets a later date. The current version of the GTC will apply to auctions already in progress.</li><li>These GTC shall come into force and effect on 27. 6. 2022</li></ol>

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