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| Buying at Auction
Buying and selling at auction should not be a complex task and here at Bourne End we endeavour to make it an enjoyable experience for all. If you are new to our Auction Rooms, we hope you will find the notes below helpful. All transactions are subject to our Terms and Conditions and these are printed at the bottom of the page. Guidance notes for new/prospective buyers
To all our clients and customers
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AUCTIONEERS’ TERMS AND CONDITIONS GENERAL: 1.
The Auctioneers’ terms and conditions are displayed at the Auction rooms
and are in print on the Entry Form. Vendors and purchasers are therefore
deemed to be aware of the terms of sale. 2.
The Auctioneers reserve the right to catalogue and lot goods as they see
fit. No commitment can be given as to when such goods will be offered
for sale. 3.
The Auctioneers give no guarantee as to the quality of the goods sold.
4.
All persons attending a Sale under the conduct of the Auctioneers - whether
at their Sale Rooms or elsewhere - shall be deemed to be on the land
and premises at their own risk and shall have no claim against the Auctioneers
or their principles in respect of the cancellation/postponement of a
Sale or any loss, accident or injury, however occasioned, save in so
far as the same is proven to be caused by the direct negligence of an
employee(s) of the Company. 5.
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 Auctioneers whose decision shall be final. 6.
At the fall of the hammer, the highest bidder, acceptable to the Auctioneers,
shall be the Purchaser and any dispute shall be settled by the Auctioneers,
whose decision shall be absolute and final. No lots shall be transferred. 7.
The Auctioneers may divide, combine, add or withdraw lots and make any
catalogue alterations without notice. They shall regulate the advance
of bidding, accept or reject any bid at their discretion and without
consultation and bid on behalf of the Vendor, where there is a reserve
price or at their discretion. 8.
The Auctioneers shall not be responsible for default on the part of Vendors
or Purchasers. Any resultant deficiency, together with interest,
cost and expenses, shall be made good by the defaulter, recoverable
as and for liquidated damages. The Auctioneer, in appropriate circumstances,
will enforce a Sale Contract at the fall of the hammer unless there
are reasonable circumstances which would seem to indicate otherwise. 9.
Any claim under any Statute must be received in writing within 10 days
of the Sale. PURCHASERS: 10. Catalogue descriptions
shall be taken as a matter of opinion only. The Auctioneers accept no
responsibility for faults or imperfections of any lot described in the
catalogue or given verbally by a member of staff. Intending purchasers
must satisfy themselves by inspection or otherwise
as to the description, condition, quality and originality of any lot
prior to bidding. 11. At the fall of the
hammer, all lots shall be and remain, in every respect, at the absolute
risk of the Purchaser, including those of fire, burglary, etc, and damage
occasioned to lots by the removal of other goods. 12. The Auctioneers are
prepared to accept commission bids on behalf of intending Purchasers
unable to attend at the time of the Sale, providing requests are made
in writing and up to half an hour before the commencement of a Sale
and given to the Auctioneer or the Auction Rooms Manager. This complimentary
service is made at the purchaser’s own risk and the Auctioneer cannot
accept liability for failure to receive and/or place any such bids.
The Auctioneers cannot be held responsible for, nor are they connected
with, commission bids given to Auction Room Porters or any other member
of the Auctioneers’ staff. 13. A Buyer’s premium
of 13% plus VAT is chargeable on the hammer price. 14. If an asterisk (*)
precedes any lot number, VAT will also be payable on the hammer price. 15. Payment for goods
purchased at the Auction should be made on the day of the Sale or no
later than the Saturday morning following. 16. Bourne End Auction
Rooms accept DEBIT CARDS and most CREDIT CARDS with the exception of
American Express. A 2% levy will be charged on credit card transactions. 17. No goods purchased
at the Sale may be removed without payment first being made except with
the express permission of the Auctioneers. 18. Purchasers are requested
to collect all items bought by the Saturday morning following the Sale.
Items not collected by 12:00 noon on the said Saturday will be subject
to a storage charge of £3 per day. Should the items still remain
after 14 days, the Auctioneers reserve the right to re-offer them in
the next available Sale to recover costs. VENDORS: 19. It is a condition
of the Auction that the Vendor indemnify the
Auctioneers against all and any claims made in connection with the goods
sold. 20. Vendors’ goods held
at the Auction Rooms are insured at the rate of £1.50 premium per £100
value. There is a lotting fee of £3.50
per lot. 21. Reserves should be
agreed mutually between the Vendor and the Auctioneers but all lots
valued below £20 must be offered without reserve. 22. Should a reserve figure
not be agreed mutually between Vendor and the Auctioneer and the lot
remains unsold, the Auctioneers reserve the right to levy a charge of
5% of the Auctioneer’s estimated value. 23. A withdrawal fee of
5% of the reserve price (or lower estimate) will be made if a lot is
entered and then withdrawn by the Vendor prior to the Sale. 24. Vendor’s commission
is charged at 13% plus VAT on the hammer price. 25. Payment to Vendors
will be made within 14 days of the Sale. 26. Vendors are requested
to remove any unsold lots by the Saturday morning following the Sale.
There is a storage charge of £3 per day after this period. 27. If unsold lots valued
above £20 remain uncollected after 14 days the Auctioneers retain the
right to offer such lots for sale without reserve. 28. Should a Vendor fail
to remove unsold lots with an estimated value of £20 or less by noon
on the Saturday following the Sale, the Auctioneers reserve the right
to dispose of such items. 29. Where a lot remains
unsold and is requested to be placed in a later sale, the Auctioneers
retain the right to reduce the original reserve by 25%. The £3.50p
lotting fee applies each time a lot is entered into a Sale. 30. Auctioneer’s discretion may be used to sell
a lot at up to 10% below the reserve price, unless a fixed reserve is
specified at the time of entry. |