TORRIDGE AUCTIONS LTD - Sale Conditions
GENERAL
1. The bidding will be regulated by the Auctioneers and the highest bidder. subject to the Vendor's reserve (if any) will be the Purchaser. No bid shall be retracted and if any dispute should arise between two or more bidders. the lot in dispute may be put up again and resold, or the Auctioneers may determine the dispute at their own discretion and their decision shall be final. The Auctioneers reserve the right to refuse the bid of any person without being called upon to give reason for such action.
2. ALL LOTS ARE BELIEVED TO BE DESCRIBED CORRECTLY BUT CANNOT BE GUARANTEED TO BE SO, AND NO COMPENSATION SHALL BE ALLOWED FOR ANY ERROR, SHOULD SUCH EXIST, REGARDING THE QUANTITY, QUALITY OR OTHERWISE OF THE RESPECTIVE LOTS. A WARRANTY IS GIVEN ON DOMESTIC ELECTRICAL ITEMS AS STATED IN CONDITION 19 (b) AND (c) AND ALL OTHER LOTS SHALL BE DEEMED TO BE EXAMINED BY THE PURCHASER AND BOUGHT AS FOUND.
3. The Auctioneers will not be responsible for any accident or injury to persons or property through fire or any other causes whatsoever, nor for any damage caused prior to, during or after the Sale.
4. ALL LOTS ARE ENTERED UNDER THE VENDOR'S OWNERSHIP UNTIL, AT THE FALL OF THE HAMMER, THEY BECOME THE RESPONSIBILITY OF THE PURCHASER. Title, however, does not pass until full payment is received by the Auctioneers. In the event of any default in payment by any purchaser, the Auctioneers reserve the right to offer the items to the underbidder (subject to any reserve applicable) and to amend the hammer price accordingly. Should the Auctioneers fail in this, the item(s) will be returned to the Vendor.
5. ALL LOTS WHETHER SOLD OR UNSOLD MUST BE REMOVED FROM THE SALEROOM BY 5pm ON THE DAY FOLLOWING THE SALE UNLESS ALTERNATIVE ARRANGEMENTS HAVE BEEN MADE WITH THE AUCTIONEERS. Failure to observe this condition may result in storage and/or disposal charges being levied. Items left on the premises for more than 3 months (except by agreement) will become the property of TORRIDGE AUCTIONS.
6. The Auctioneers reserve the right to:
(a) Refuse any item
(b) Sell items in Lots as they see fit
(c) Make charges to cover costs incurred while handling goods or through non-compliance with these conditions.
VENDORS
7. Items for sale may be brought to the Saleroom at any time during opening hours in a "Non-Sale week" with the exception of the week before an Antiques & Collectables Sale. Entries for Sales are accepted (space permitting) until the time shown in advertisements.
8. Unsold lots may not be removed from the Saleroom without first obtaining written authorisation from the Auctioneers.
9. CHARGES:
(a) An entry fee of £7 for each Sale will be charged towards the cost of administration.
(b) Commission will be charged at the rate of 15% unless other arrangements have been made with the Auctioneers. Special terms are available for trade entries.
(c) For Vendors with a Sale Total of up to £99 a minimum commission of £1 will be taken on each lot sold. Unsold lots will be charged at the same rate unless condition 9(e) applies.
(d) For Vendors with a Sale Total of £100 or more an overall percentage will be taken. Unsold lots will not be charged for unless condition 9(e) applies.
(e) Any unsold item subject to reserve will be charged at 3% of its reserve price subject to a minimum of £1.
(f) Any item withdrawn by the Vendor after cataloguing or bought by the Vendor will be subject to buying in costs.
10. PAYMENT: Payment for goods sold will normally be made by cheque one week after the Sale date providing the Auctioneers have received payment for the said goods. Cheques are not issued for sums of less than £20 and vendors are requested to collect cash from the Saleroom. Other Cash payment may be obtained by arrangement on the day following the Sale after 2.00pm.
PURCHASERS
11. ALL PURCHASERS ARE REMINDED THAT IN BIDDING FOR ANY ITEM THEY ARE DEEMED TO HAVE READ AND ACCEPTED THESE CONDITIONS OF SALE.
12. EACH LOT, AT THE FALL OF THE HAMMER, SHALL BE CONSIDERED AS DELIVERED AND REMAIN AT THE ABSOLUTE RISK OF THE RESPECTIVE PURCHASER.
13. ALL LOTS PURCHASED SHALL BE PAID FOR ON THE DAY OF THE SALE unless other arrangements have been made with the Auctioneers. No lots shall be removed from the Sale premises unless a receipt has been obtained from the Auctioneers.
14. Purchasers removing lots will be held responsible for any damage caused to persons or property.
15. A buyers premium of 12.5% will be charged on all lots purchased.
16. Any Purchasers' Bills not paid by 5.00 pm on the day following the Sale will be subject to a 2.5% surcharge immediately, followed by an increase of 1% per week or part week commencing one week later.
17. COMMISSION BIDS MAY BE LEFT WITH THE AUCTIONEERS. Bidders are asked to observe all these Conditions and to contact the Auctioneers by noon on the day following the Sale.
SPECIAL CONDITIONS
18. ELECTRICAL ITEMS
(a) Electrical items will be accepted subject to passing a safety test performed by the Auctioneers' nominated Electrician. There will be a fee for this test as shown in the Saleroom. Any item failing this test will be withdrawn from the Sale and becomes the responsibility of the Vendor to remove from the saleroom according to Condition 5. If any item is in need of any expendable parts (e.g. bulbs, blades, needles, etc) or routine maintenance (e.g. cleaning, sharpening, lubricating etc) at the time of entry, this must be clearly stated on a notice attached to the item together with any faults of which the vendor is aware.
(b) Any electrical fault discovered on an item marked "WORKING ORDER" must be reported by the Purchaser no later than 2.00pm on the day following the Sale. The item will then be considered for refund at the Auctioneer's discretion or, with the agreement of the Purchaser and Vendor, the item may be repaired at the Vendor's expense. The Vendor will be notified of any item for which a refund is made and the hammer price of the item will be deducted from the payment cheque. This condition does not extend to any visible defects (e.g. missing knobs, cracked cases etc), expendable parts (e.g. bulbs, blades, needles, etc) or routine maintenance (e.g. cleaning, sharpening, lubricating etc).
(c) Any item demonstrated in working order at the time of sale will be deemed to have been bought as such and no refund or repair will subsequently be allowed.
(d) Some items of equipment are believed to be in working order but cannot be fully tested (e.g. plumbed-in appliances) and are sold without warranty.
(e) Any item marked "SOLD AS SEEN" carries no warranty.
19. GAS COOKING APPLIANCES
These can only be accepted if they comply with the current Gas Cooking Appliances (Safety) Regulations. Details are available from the Saleroom.
20. UPHOLSTERED ITEMS These can only be accepted if they comply with the current Fire Safety Regulations. Details are available from the Saleroom.
Please note that all Charges are subject to VAT at the appropriate rate.
Last updated 8th January 2008
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