The bidding increments will be at the sole discretion of the auctioneer.Ĩ. (c) The auctioneers reserves the right to re-offer any lot in the case of a dispute. the auctioneers cannot accept responsibility for any neglect or default in executing or failing to execute commission bids. Buy bids will not be accepted by the auctioneers. Lots will be purchased by theĪuctioneers on behalf of the commission bidders as cheaply as is allowed by other bids and/or reserves if any. Commission bidders are urged to ascertain whether they have been successful or not on the day of the sale or on the Monday following the sale. These should be handed in at the Accounts Office. Bidding forms will be available so that clients may complete (b) Commission Bids: Any person unable to attend the auction may request the auctioneer to bid on his/her behalf. When a buyer is successful he/she will hold the paddle aloft and the auctioneer will record the paddle number Bidding (a) Paddles: All intending buyers are requested to complete a paddle registration card prior to the auction. Free storage of all lots will be provided for three working days following the sale thereafter a storage and handling charge of £5.00 plus VAT per lot per day will be levied.ħ. Ownership of a lot purchased shall not pass to the buyer until full payment has been made to the Auctioneer of ‘the total amount due’.Ħ. Lots will be released only on production of a release slip receipted by the Accounts Department. Lots may be claimed and cleared at the conclusion of the sale. No lots may be cleared during the auction, however, payments can be made to cashiers in the Accounts Department.ĥ. Purchasers will be held liable for any expenses arising from their method of payment.Ĥ.
A period of five working days will be needed to clear the cheques. The auctioneers will not release goods to clients unknown until cheques have been cleared. The Auctioneer reserves the right to cancel any sale after this period, or where he deems it to be in the Sellers best interests, at his sole discretion.ģ. Payment of all bought lots must be made by the Friday following the sale. Please note that any lots purchased via live auction service will be subject to an additional 3% commission charge + VAT at the rate imposed on the hammer priceĢ. (The VAT rate may alter and will be levied at the appropriate rate.) Any lots marked with an asterisk(*) will be subject to 20% VAT on the hammer price. Buyers premium of 22% on the hammer price plus VAT at 20% is payable on all lots. TERMS OF SALE BY AUCTION AND CONDITIONS OF BUSINESSġ.
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