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Terms & Conditions of Sale for Purchasers
1. The Buyer. The highest bidder acknowledged as such by the auctioneer will be the buyer. If any dispute arises, the auctioneer shall have absolute discretion to settle the matter. The auctioneer shall rule the bidding and no bid shall be retracted. The auctioneer reserves the right to refuse any bid. The bidder in the room who is successful in purchasing any lot or lots is entirely responsible for paying for such lot or lots in accordance with our terms of business. Purchases made on behalf of a third party are entirely the responsibility of the bidder in the room. The auctioneer reserves the right to bid on behalf of the vendors for any lot and to withdraw, consolidate or divide any lot or lots. 2. Registration. To assist the progress of the sale, all prospective buyers must register their name and address at reception and collect a numbered bidding card before the sale commences. This card may be used to indicate your bids to the auctioneer during the sale. If successful, please ensure that your number can be seen by the auctioneer and that it is your number that is called out. Should there be any doubts as to price or buyer, please drawer the auctioneer’s attention to it immediately. Please note when registering to buy for the first time you will be required to provide identification. This can be in the form of a driving license, building society book, or other official document showing your name, address and signature. You will also be required to produce identification when paying. If registering or bidding from outside the United Kingdom you will be required to supply credit or debit card details. By supplying such details you are authorising us to charge your account to your card if you are successful in bidding for a lot, and also to charge the cost of packing and reasonable postage costs plus insurance to your card, if you do not settle your account in any other way with one week of the sale date. 3. Buyer’s Premium. A buyer’s premium of 15% of the hammer price PLUS VAT is payable on each lot. 4. Value Added Tax. Lots on which Value Added Tax may be payable by the buyer on the hammer price are indicated in the catalogue by a symbol beside the lot number. The buyer shall pay any VAT which may be due on any amounts owed by the buyer under these Terms of Business at the rates prevailing on the day of the auction. 5. Auctioneers Margin Scheme. The Auctioneers Margin Scheme allows auctioneers to sell items without VAT on the hammer price. Under the margin scheme an amount equivalent to VAT at the current rate is added to the buyer’s premium. This amount cannot be refunded. The VAT element will not be shown separately on the buyer’s invoice. Alternatively for companies or individuals who are VAT registered, VAT can, by request, be charged on the whole invoice, which can then be recovered in full in the usual way from customs & excise. 6. Payment. Our methods of payment are with cash or by cheque supported by a valid guarantee card. We accept cheque payment beyond the amount guaranteed by guarantee card, up to an unlimited amount, subject to authorisation by Transax, and incurring a surcharge of 1.4% of the value of the cheque. Visa and Mastercard are also accepted, and incur a 2% surcharge. Debit cards are accepted, and do not incur an extra handling charge. All purchasers must be paid in full on the day of the sale before any lot is removed from the premises, no goods will be released to buyers unknown to the auctioneers without adequate reference or before their cheque has cleared. Any buyers unknown to the auctioneer must establish a bank reference with the Accounts department prior to the sale. Anyone who, for whatever reason, is unable to pay for their goods on the day of the sale, must inform the Accounts department as to the date and method that payment will be made. Accounts not paid within fourteen days will automatically be subject to an interest charge of 5% above base rate from the day of sale. Please note that due to money laundering laws we are not able to accept payment for £10,000 or over in cash. All charges are subject to VAT. 7. Attribution and Condition of Lots. Every effort is made to ensure the accuracy of any statement as to authorship, attribution, origin, date, age, provenance and condition of any lot whether or not such statement forms part of the description of any such lot. Whether any such statement is made orally or in the catalogue it is an expression of opinion given after careful consideration and research. Each buyer by making a bid for a lot acknowledges that he has satisfied himself fully as to the attribution and condition of the lot. If any damage is done to any lot at the viewing or before, during or after the sale, such damage shall be made good by the person committing such damage, principals being responsible for the acts of their servants, such damage to be assessed by the auctioneers. 8. Attribution of Pictures. (Condition 7 also refers) (a) The forename(s) (or asterisks where not known) and surname of the artist indicates in our opinion a work by the artist. (b) The initials of the forename(s) and the surname of the artist indicates in our opinion a work of the period of the artist which may be wholly or in part his work. © The surname of the artist indicates in our opinion a work of the school or by one of the followers of the artist or in his style and of uncertain date. (d) Bears signature indicates in our opinion that this is not the signature of the artist. (e) All other terms are self explanatory. 9. Ownership of Purchases. The ownership of the lot(s) purchased will not pass to the buyer until the buyer has paid the auctioneers in full the total amount due and the auctioneers have applied such payment to the lot. 10. Transfer of Risk. Each lot shall be the purchaser’s sole risk from the fall of the hammer and shall be sold with all faults and imperfections, the auctioneer not being responsible for the correct description, genuineness or authenticity of any lot and making no warranty whatsoever. The purchaser is deemed to have inspected the lots and satisfied himself as to their condition. 11. Commission Bids. If instructed, the auctioneers will execute bids and advise prospective purchasers. This service is free. Lots will always be purchased as cheaply as is allowed by such other bids and reserves as are on the auctioneer’s books. In the event of identical bids, the earliest will take precedence. There must always be a maximum limit indicated, ie the amount to which you would bid if you were attending the auction yourself. Buy or unlimited bids will not be accepted. Commission bids placed by telephone are accepted at the client’s risk. We do accept commission bids by facsimile. We urge our clients to place such commission bids within one hour of the close of the view day. 12. Telephone Bids. Requests for telephone bidding must be registered with the Accounts department within one hour of the close of the view day. It may not be possible to accept requests on sale days. Written confirmation of such bids from persons unknown to the auctioneers must be received before the commencement of the sale. Whilst every effort will be made to execute telephone bidding, the auctioneers cannot be held responsible for any default or neglect in connection with this service. All such arrangements therefore are made entirely at the prospective buyer’s risk. 13. Collection of Goods. All lots are to be collected on the day of the auction. Goods not collected will automatically be removed and placed into storage. A removal charge of £5.00 + VAT per item will be levied. Storage will then be free for the first five working days, after this, a charge of £2.00 + VAT per item for a week or part there of will be charged. Lots will only be released to the buyer or their authorised representative upon presentation of release notes issued by Charterhouse and settlement of any removal, handling and storage charges due. Purchasers are reminded that each lot shall be the purchasers sole risk from the fall of the hammer. 14. Third Party Liability. Every person on the auctioneers’ premises before, during or after a sale, shall be deemed to be there at their own risk and shall have no claim against the auctioneer in respect of any injury they may sustain or any accident which may occur. Click to Close
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