Version Date: 21 January 2026
These Terms & Conditions form a binding agreement between Studio 1 Vintage Instruments Limited (“Studio 1”, “we”, “our”) and any Vendor (“you”) who delivers an instrument or other item (“Item”) for consignment, trade-in, repair, maintenance, or evaluation.
By delivering an Item to Studio 1, or signing our consignment form, you agree to these Terms.
Studio 1 – Studio 1 Vintage Instruments Limited
Vendor – The person or entity offering an Item for sale, consignment, trade-in, or repair
Item – Any guitar, instrument, case, accessory, or related product delivered to Studio 1
Consideration – Any payment, credit, or value provided by Studio 1
GST – Goods and Services Tax under New Zealand law
CITES – Convention on International Trade in Endangered Species
The Vendor warrants that:
• they are the lawful owner of the Item, free of liens or claims, and
• the Item is not stolen or encumbered in any way.
The Vendor indemnifies Studio 1 and any purchaser from any loss, claim, or liability resulting from a breach of this warranty.
The Vendor warrants that any CITES-restricted material (including Brazilian Rosewood, Ivory, or Tortoiseshell) complies with all applicable laws and documentation requirements. The Vendor indemnifies Studio 1 for any breach.
A non-refundable NZD $100 consignment listing fee is payable when the Item is delivered. This covers photography, listing, handling, and insurance administration.
For consigned Items, ownership remains with the Vendor until a final sale is confirmed and funds are received by Studio 1 and cleared.
If Studio 1 elects to purchase the Item outright, ownership transfers upon execution of a Sale Confirmation. Payment will be made within 14 calendar days, subject to buyer approval where applicable.
Where lawful, Studio 1 may elect to purchase an Item so it may claim input GST.
Studio 1 may advertise, photograph, evaluate, list, negotiate, withdraw, or sell the Item at its sole discretion within the agreed pricing framework.
Studio 1 may undertake or commission remedial work up to NZD 500 without prior approval.
Over this amount, Vendor approval will be sought.
The Vendor and Studio 1 agree an initial suggested minimum sale price.
Studio 1 may negotiate directly with buyers.
If a price more than 20 percent below the initial listing is proposed, Studio 1 will seek approval unless Studio 1 has already provided Consideration, in which case Studio 1 may sell at any price.
Studio 1’s commission is 20 percent of the final sale price (inclusive of GST), unless agreed otherwise in writing.
Vendor payments are made on a net-proceeds basis. The following are deducted from the sale price before calculating the Vendor’s share:
• payment-processing fees
• bank or merchant charges
• platform charges
• financing or instalment-payment fees
• currency-conversion fees
• marketplace or listing fees
• any other reasonable transaction costs
• applicable government fees and compliance charges
Studio 1 will insure Items while in its possession under its commercial property policy. Studio 1’s liability to the Vendor does not exceed the amount recoverable under its insurance. Studio 1 is not liable for unrecoverable losses, depreciation, wear, or consequential damage.
Items shipped or couriered are carried at the Vendor’s risk, though Studio 1 will assist with claims where possible.
Items may only be withdrawn with Studio 1’s consent.
The Vendor must pay:
• repayment of any Consideration, and
• any remedial, marketing, or transport costs incurred.
No withdrawal fee is charged.
Vendor payment is made within 20 working days after both:
expiry of the 7-day approval period, and
receipt of full cleared payment from the buyer.
Payments are made on a net-proceeds basis (see clause 9).
Studio 1 may offer a 7-day approval period during which the buyer may return the Item.
Returned items must be in the same condition. Studio 1 will inspect all returns.
No Vendor payment is made until an unconditional sale is completed.
If an Item is returned damaged and the damage is not recoverable under insurance or carrier policy, Studio 1 and the Vendor will agree on a good-faith resolution.
If unsold after six months, Studio 1 may require the Vendor to collect the Item within 30 days.
If not collected, Studio 1 may sell or dispose of the Item to recover costs.
If an Item is proven counterfeit, fake, or materially misrepresented, the Vendor must refund all sale proceeds and accept return of the Item.
Both parties must comply with the Fair Trading Act 1986 and Consumer Guarantees Act 1993.
Studio 1 complies with the NZ Privacy Act 2020 regarding Vendor data.
Notices may be delivered by email, registered mail, or hand delivery. Email notices are deemed received when sent.
Items left for repair or evaluation are held at the owner’s risk.
Uncollected Items after 90 days may be sold or disposed of.
Where the Vendor is not GST-registered and Studio 1 purchases the Item outright, Studio 1 may claim GST input under section 20(3) of the GST Act 1985.
The Vendor acknowledges that export sales may be zero-rated under section 11A of the GST Act.
The Vendor agrees to provide documentation required to support such a sale.