![]() The buyer will pay to the Auctioneer the hammer price together with a buyer’s premium calculated at a rate of 15.00% of the hammer price, no VAT payable.Į. Responsibility for a purchased lot shall pass to the buyer at the fall of the hammer however, legal title shall not pass until the Auctioneer is in possession of cleared funds in payment for that lot.ĭ. Each bid is an offer to buy and a winning bid forms an irrevocable commitment to purchase the lot concerned.Ĭ. In making a bid for any lot, whether in person or otherwise, all persons acknowledge that they have read, understand and abide by these Terms and Conditions of Sale and the bidder acknowledges that he/she has satisfied him/herself fully before bidding, by inspection or otherwise, as to the condition of such lot.ī. ![]() The vendor agrees to such further terms and conditions as are described on the auction entry form.Ī. Vendors are not allowed to bid for their own lots. Uncollected unsold lots after three months will be sold for the Auctioneer's account without further notification to the vendor. Any unsold lots remaining after 28 days will incur a daily £2 storage charge per lot unless the vendor has made arrangements acceptable to the Auctioneer for the lot(s) to be entered in a subsequent auction. The vendor shall collect any unsold lots within 28 days of the sale. Subject to receipt of funds from buyers, the Auctioneer will use best efforts to make payments to vendors within 28 working days of the sale but shall not be liable for settlement of any lot(s) for which he is not in possession of cleared funds.į. The vendor authorises the Auctioneer to deduct all monies due to the Auctioneer from the auction proceeds.Į. All lots are sold at the Auctioneer’s discretion unless written instructions to the contrary are received from the vendor at least 24 hours prior to the starting time of the sale (responsibility for receipt of such instructions rests with the vendor).ĭ. The vendor warrants to the Auctioneer and the buyer that he/she is either the true owner of any lot or is authorised by the true owner to sell it and that he/she is able to pass marketable title free of any encumbrance or claim.Ĭ. The vendor indemnifies the Auctioneer together with his servants and agents against all and any claim made in connection with the goods sold.ī. Intending purchasers should satisfy themselves as to the condition, age, provenance etc of all pieces and lots before they bid.Ī. No warranty is given or implied by the Auctioneer or the vendor with regard to any lot other than that the vendor has the right to sell it and any express or implied conditions or warranties whether relating to condition or quality are hereby excluded.į. Lots are sold with all imperfections and/or faults and neither the Auctioneer nor the vendor is responsible for any defects whatsoever.Į. Any comments on any lots must be made to the Auctioneer at least 24 hours before the start of the auction.ĭ. All descriptions of auction lots, including the condition and estimated value of items, whether printed or oral, are given in good faith and are statements of opinion not fact. Lots are sold as seen and The Sale of Goods Act 1979 (as amended) does not apply.Ĭ. The Auctioneer acts as agent only and shall not be responsible for any default on the part of a vendor or buyer.ī. Persons handling lots do so at their own risk and shall make good all loss or damage howsoever sustained, such estimate of cost to be assessed by the Auctioneer whose decision shall be final.Ī. For security reasons, bags are not allowed in the viewing area and must be left at the front desk or cloakroom.Į. ![]() The Auctioneer reserves the right of admission which will be by registration at the front desk.ĭ. Such persons shall have no claim against the Auctioneer in respect of any accident, injury or damage howsoever caused nor in respect of cancellation or postponement of the sale.Ĭ. All persons on the premises of, or at a venue hired or borrowed by, the Auctioneer are there at their own risk.ī. Transport Auctions of London Ltd is hereinafter referred to as the Auctioneer and includes any person acting upon the Auctioneer's authority.Ī.
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