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| Terms and Conditions of Sale All entries will be accepted up until 8 weeks prior to each auction and must be delivered to the premises for correct cataloguing. A collection service is available for large consignments by arrangement. Items received after the specified closing date will automatically be entered in the next scheduled sale. Unless instructions are received to the contrary in writing, all goods will be offered without reserve. Any items unsold will be re-offered automatically in the next available sale unless we receive your written instructions to the contrary. 1. a) The commission from the Vendor is charged at the rate of 15% on all Lots b) A handling fee of £1 per Lot will be charged on all Lots entered. c) Lots may be offered subject to a reserve as agreed between the Auctioneers and Vendor and once agreed may only be changed with the consent of the Auctioneers. d) The Vendor shall not bid for his property or employ any person to bid for him, except for the Auctioneers who alone shall have the right to bid on behalf of the seller. e) Items withdrawn from the sale at the instructions of the Vendor must be collected within 2 working days of the sale after which the Auctioneers reserve the right to send to storage any remaining goods at the sole expense of the Vendor and without notification. f) VAT is chargeable at the standard rate on all of the Auctioneers charges. g) Private foreign residents, except those residing in the EEC are exempt from VAT on Sellers commission, handling fee and illustrated charges. 2. GENERAL a) The auctioneers act only as agent for the Vendor and the Vendor warrants to the Auctioneers that he is entitled to sell. b) The Vendors shall indemnify the Auctioneers, agents and the buyer against all claims made or proceedings brought by persons entitled or purporting to be entitled to the Lot and shall reimburse the Auctioneers on demand of all payments, expenses, costs or any other loss or damage whatsoever made, incurred or suffered as a result of any breach by the Vendor of a) above. c) The Auctioneers shall have complete discretion as to whether to offer for sale or not: the description of the property in their catalogue or other literature: the printed estimate price of any Lots in the catalogue: and seeking the views of any expert: and illustrate the property in their catalogue at the expense of the Vendor up to a maximum of £40 for black and white, and £100 for colour photographs. 3. INSURANCE No insurance charge is made. Insurance of all Lots will be the responsibility of the Vendor and the Auctioneers will not be liable for any loss or damage howsoever caused. 4. PAYMENTS The net proceeds of the sale will become due and payable to the Vendor 14 days after the date of the sale provided that the Auctioneers have by then been paid the purchase price in full by the buyer. If by the due date the Auctioneers have not received payment in full by the buyer, the proceeds of the sale will be paid 7 days after full payment is received by the Auctioneers. In the event of a defaulting buyer the Auctioneers reserve the right to cancel the sale of any Lot(s) purchased and to return the goods to the Vendor. 5. VENDORS VAT STATUS The Vendor must give the Auctioneers all relevant information as to his VAT status with regard to the Lots to be sold which he warrants is and will be correct and upon which the Auctioneers reserve the right to cancel the sale of any Lot(s) purchased and to return the goods to the Vendor. 6. a) Property returned at the request of the Vendors shall be returned at their risk and expense and will not be insured in transit unless the Auctioneers have received special instructions. b) These conditions constitute together with the matters set out on the receipt from the entire agreement made between the Auctioneers and the Vendor. |
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