1. Collector agrees that the Artwork will remain connected to a live Internet connection at all times, with disconnections allowed only for the transportation of the work from one venue to another.
2. Upon purchasing the Artwork, Collector may establish a new value for the Artwork. The new value may not exceed current market expectations for the Artwork based on the current value of work by the Artist. This value may be reassessed quarterly. This value will be set as the minimum bid of the auction. Any bid meeting or exceeding this amount will result in a legitimate sale via the Auction Venue and the Policies of the Auction Venue must be followed regarding this matter.
3. Collector must disclose the terms of this Agreement to persons bidding on the Artwork. Any successful bidder must agree to be bound by the terms of this Agreement before title to the Artwork is transferred to such bidder who shall then become the new and next Collector (the “New Collector”). These requirements and terms shall apply equally to Collector and any and all New Collectors.
4. Collector is responsible for any and all fees and charges generated by the Artwork on the Auction Venue.
5. In the event of a sale of the Artwork via the Auction Venue, Collector is required to sell the Artwork to the highest bidder. The Artwork must be properly packaged and promptly shipped to the New Collector. Prior to receipt of the Artwork, and as a prior condition to the sale and transfer of the Artwork, New Collector is required to execute this Agreement which shall evidence the agreement between Collector and New Collector to be bound by these terms.
6. The Auction Venue’s Terms of Service must be followed at all times and any failure to follow the Auction Venue’s Terms may result in additional penalty including the suspension of the Collector’s Auction Venue account by the Auction Venue.
The title sounds like a metal song. I looked it up but it only returned results for this.
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