Auction Terms and Conditions
1. The Auctioneer reserves the right to:a) Sell subject to a reserve price
b) To advance the bidding at his sole discretion
c) Refuse to accept the bidding of any person or persons, without giving any reason therefore.
2. The highest bidder shall be the Purchaser and in the event of a dispute the Auctioneer shall have sole discretion to settle it or re-offer the lot. Once the hammer has fallen no purchase can be cancelled and no allowance can be made.
3. The Auctioneer in cooperation with the seller will nominate which currency is to be used in bidding.
4. Every lot shall at the prescribed closing date be considered as delivered and the Purchaser shall be responsible for payment and removal of that lot. All lots must be paid for during or immediately proceeding the sale unless prior arrangements have been made with the Auctioneers. No purchases may be collected until such time as all monies due from the buyer shall be paid and cleared by the Bank
5. If a Purchaser fails to comply with any of the preceding conditions the Auctioneers may cause the lot in respect of which the failure is made, to be re-sold by public or private sale without warranty or reserve and without notice to the Purchaser. If upon re-sale as aforesaid a lower price is obtained for any lot than was obtained on the first sale, the difference in price, together with all costs and charges attending the re-sale shall be a debt due from the Purchaser in default at the first sale.
6. A buyers premium indicated of 7% of the lot's sale value will be charged on all lots and VAT at the current rate is payable on the premium.
a) All goods are sold without guarantee.. All goods are sold with all faults and imperfections and errors of description. Buyers should satisfy themselves prior to the Auction as to the condition of each lot. Any statement by the Auctioneer or the seller as to the lot is a statement of opinion only and every person should rely on his own judgment as to all matters affecting the lot. All purchasers re introducing equipment into the workplace are reminded of their obligations under the relevant sections of the Current Health and Safety at work Act.
7. Although care has been taken to ensure the accuracy of product descriptions, the Auctioneers give no warranty as to the authenticity and condition of the goods and no sale shall be invalidated by reason of any lots being incorrectly described.. It is the Purchasers responsibility to check the authenticity and condition of the items prior to sale, but if any lot is found to be a deliberate forgery then the sale of the lot may be rescinded and the purchase price refunded at the sole discretion of the Auctioneers provided the same is returned to the Auctioneers in the same condition as at the time of the sale and within a reasonable period.
8. All photographic material, in whatever format, relating to the lots offered for sale remains the property of the Auctioneer and maybe re-used by the Auctioneer.
9. The Auctioneers act in the sale of goods as agents only and are not responsible for any default by either buyer or seller. In particular they shall not be liable to pay the seller until payment is received from the buyer.
10. The Auctioneers accept no responsibility in connection with the commissioning of bids for any lots. The Auctioneers reserve the right to refuse commission bids, without giving any reason. Reserves and commissions given by telephone are accepted at the sender’s risk and must be confirmed, in writing, before the date of the sale. No lot may be transferred.
11. In the event of failure to comply with the above conditions, or non-performance of all or part of them, the Auctioneers shall be at liberty to take such steps as they deem necessary to bring the transaction to a close; and if a re-sale is effected by either public auction or private contract, all losses and expenses shall be borne by the defaulter.