BUYERS
1. The Auctioneers as agent Unless otherwise stated, the Auctioneers act only as agent for the Vendor.
2. Buyer
(a) The Buyer shall be the highest bidder acceptable to the Auctioneer and the Auctioneers shall have absolute discretion to settle any dispute.
(b) The Auctioneer reserves the right to refuse to accept bids from any person or to refuse admission to the premises of sale without giving any reason thereof.
3. Buyers Premium
The Buyer shall pay the Auctioneer a premium of 18% of the Hammer Price (together with VAT at the standard rate thereon).
4. Payment
Payment on purchased Lots can be made by the following methods:
(a) Cash
(b) Cheque supported by a bank or other suitable reference.
(c) Credit Card – A charge of 3% will be levied on the Purchase Price for use of this service.
5. Collection of Purchases
The Buyer shall pay the Auctioneer a premium of 18% of the Hammer Price (together with VAT at the standard rate thereon).
(a) All purchased Lots are to be paid for in full and removed from the saleroom on the day of sale after which the Auctioneers reserve the right to remove any Lot(s) to store at the sole expense of the Buyer and without notification, unless otherwise arranged with the Auctioneer prior to the Sale.
(b) Wherever possible goods will be made available for collection during the sale.
6. Responsibility for purchased Lots
(a) Upon the fall of the Hammer all risk in the Lot sold will pass on the Buyer and neither the Auctioneer nor Vendor shall be responsible for loss or damage howsoever caused, but ownership of such Lot shall not pass until payment in respect thereof has been made with Condition A. 5(a).
(b) In the event of a Buyer either failing to pay for or collect a Lot the Auctioneers reserve the right to exercise one or more of the following rights:-
(i) to issue proceedings against the Buyer for breach of contract.
(ii) to rescind the sale of that and any other Lot(s) sold to the buyer.
(iii) to resell the Lot(s) either by public or private sale. Any deficiency in the Purchase Price resulting from the resale, together with full costs incurred shall be paid to the Auctioneers by the Buyer and any surplus over the Proceeds of Sale shall belong to the Vendor.
7. Catalogue Descriptions
(a) All Lots offered for sale as shown and neither the Auctioneer nor Vendor accept any responsibility for imperfections, faults or errors of description. Buyers should satisfy themselves as to the condition of any Lots prior to bidding.
(b) Descriptions contained in the catalogue are the opinion of the Auctioneers and should not be taken as a representation of statement or fact. Some descriptions in the catalogue make reference to damage and/or restoration. Such information is given for guidance only and the absence of such a reference does not not imply that a Lot is free from defects nor does any reference to particular defects imply the absence of others.
8. Value Added Tax
In the case of a Lot marked with an asterisk(*) in the catalogue, VAT is payable on the Hammer Price. VAT is payable at the rates prevailing on the date of the Auction.
9. Commission Bids
Absentee (Commission) Bids will be executed as cheaply as any other bids or Vendors Reserve allows and the Auctioneers accept no responsibility for the execution of Commission Bids by any member of staff whatsoever.
B. VENDORS
1. Commission, Expenses & Reserves
(a) Vendors Commission is charged at the rate of 10% on all Lots selling £10,000.00 or over and at the rate of 12.5% for Lots selling under £10,000.00. The minimum charge for offering a Lot for sale is £10.00.
(b) A handling fee of £1.00 per Lot will be charged on all Lots sold.
(c) In respect of any unsold Lot the Auctioneer will charge 3% of the Vendors reserve or a minimum charge of £10.00 per Lot.
(d) In the event an item is withdrawn from the auction at the instruction of the Vendor, for whatsoever reason, a charge of £10.00 will be levied per item.
(e) Lots may be offered subject to a reserve as agreed between the Auctioneer and Vendor in writing and once agreed may only be changed with the consent of the Auctioneers.
(f) The Vendor shall not bid on his own property nor employ any person to bid for him. The Auctioneer shall have the right to bid on behalf of the Vendor only up to the agreed reserve price.
(g) Items failing to sell or withdrawn from sale at the instruction of the Vendor must be collected within three 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.
(h) VAT is chargeable at the standard rate on all of the Auctioneers charges.
2. Payment
(a) The Auctioneers shall pay the Proceeds of Sale to the Vendor seven days after the date of sale if the Auctioneer has been paid the Purchase Price in full by the Buyer.
(b) If by the due date the Auctioneers have not received payment in full from the Buyer the Proceeds of Sale will be paid seven days after full payment is received by the Auctioneer.
(c) In the event of a defaulting Buyer the Auctioneer reserves the right to cancel the sale on any lot(s) purchased and return title of the goods to the Vendor.
3. Warranty & Indemnity
(a) The Vendor warrants to the Auctioneer and to the Buyer that he is and will be able to transfer good and marketable title to the Lot free from all liens and encumbrances.
(b) The Vendor 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 for 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.
4. Insurance
No insurance charge is made. Insurance of all Lots will be the responsibility of the Vendor and the Auctioneer will not be liable for any loss or damage howsoever caused.
5. Vendor’s VAT Status
The Vendor shall give the Auctioneer all relevant information as to his VAT status with regard to the Lot(s) to be sold which he warrants is and will be correct and upon which the Auctioneer shall be entitled to rely.
6. Photography
The Auctioneers reserve the right to photograph any item(s) for reproduction in catalogues or for publicity purposes. There is a minimum charge of £30.00 for black and white and £150.00 for colour photographs (together with any VAT chargeable thereon).
7. General
The Auctioneer shall have the absolute discretion as to the following:-
(a) Whether to offer any Lot for sale or not.
(b) The description of any Lot in the catalogue.
(c) The printed estimated price of any Lot in the Catalogue. In these Conditions of Sale the following words and expressions shall have the following meaning:-
“The Auctioneers” Angling Auctions
“Hammer Price” The price at which the Lot is knocked down to the Buyer.
“Lot” Any item deposited with Angling Auctions with a view to sale at auction, in particular, the item or items described against any Lot number in the catalogue.
“Proceeds of Sale” The net amount due to the Vendor, being the Hammer Price less commission and any other charges due as published in the above Conditions of Sale.
“Purchase Price” The Hammer Price plus any premium, VAT chargeable and expenses due from a defaulting Buyer under condition A.6. (b).
“Unsold Lot” Those Lots which fail to reach their reserve or attract a Bidder.
CONTRACTS
All accepted bids are contracts and are considered final and non withdrawable.
BUYER'S PREMIUM
A buyer's premium of 18% plus VAT will be applied to all purchases.
ONLINE BIDDING
The person posting the bids online has to be the person who has registered for the auction.
