Increments. Bidding increments shall be at the auctioneer’s sole discretion.ĥ. (h)Will collect any unsold items the Auctioneers request failure to do so the vendor will be charged for the disposal or accept the price that it is sold for.Ĥ. (g) Agree to let the auctioneer sell or dispose of any lot that remain unsold after being offered for auction on two or more occasions. (e) Will confirm that the goods to be sold comply with the safety regulations made under the consumer protection act 1987 and the furniture and furnishings fire/safety regulations 1988 and also comply with the Sale of Goods Act 1979, as amended by the Sale and Supply of Goods Act 1994 (f) Complete a goods entry form and give details of any reserve price in writing to the Auctioneers. (d) Will inform the Auctioneers of and faults or defects of any items they wish to be sold. (c) Agree to pay the 0.5% insurance fee on the hammer price. (b) Agree to pay the Cataloguing and Online listing fee. Vendors Commissions and Duties, The Vendor will (a) agree to pay the agreed percentage of commission to the auctioneer. (2)Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.Ģ.1 Online bidding deposit, All online bidders will have to pay a refundable deposit of £50.00 plus fees, if you are unsuccessful at the auction the £50.00 deposit will be refunded once the auction has concluded, if you have purchased any lots the £50.00 deposit will only be refunded once you have paid your invoice and collected the items in the time allocated for collection.ģ. (c)Bidders shall be deemed to act as principals. The auctioneer shall act reasonably in exercising this discretion. Bidding procedures and the Buyer(a)Bidders are required to register their particulars before bidding and to satisfy any security arrangements before entering the auction room to view or bid (b) The maker of the highest bid accepted by the auctioneer conducting the sale shall be the buyer at the hammer price and any dispute about a bid shall be settled at the auctioneer's absolute discretion by reoffering the Lot during the course of the auction or otherwise. (h) The singular includes the plural and vice versa as appropriate.Ģ. refer to the buyer as identified in Condition 2. or its authorised auctioneer, as appropriate (b)"deliberate forgery" means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value materially less than it would have had if it had been in accordance with the description (c)"hammer price" means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer (d)"terms of consignment" means the stipulated terms and rates of commission on which Gilbert Baitson accepts instructions from sellers or their agents (e)"total amount due" means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any additional charges payable by a defaulting buyer under these Conditions (f)"sale proceeds" means the net amount due to the seller, being the hammer price of the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising (g)"You", "Your", etc. Definitions In these Conditions: (a)"auctioneer" means the firm of Gilbert Baitson.
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