Sale Conditions Terms & Conditions GENERAL
1. The bidding will be regulated by the Auctioneer, subject to the Vendor's reserve (if any). No bid shall be retracted. If any dispute should arise between two or more bidders the Auctioneer may determine the dispute at their own discretion and their decision shall be final. Torridge Auctions 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 18 (b) and (c) and all other lots shall be deemed to be examined by the purchaser and bought as found.
3. Torridge Auctions 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 Torridge Auctions. In the event of any default in payment by any purchaser, Torridge Auctions reserves the right to offer the items to the underbidder (subject to any reserve applicable) and to amend the hammer price accordingly. Should Torridge Auctions fail in this, the item(s) will be returned to the Vendor.
5. All lots whether sold or unsold must be paid and removed from the saleroom by 12.00 on the Saturday following Thursday auctions or 4.00pm on the Monday following Saturday auctions unless alternative arrangements have been made with Torridge Auctions. Failure to observe this condition will result in late payment fees, 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 to recover costs incurred.
6. Torridge Auctions 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.
7. Items for sale may be brought to the Saleroom from the date shown in advertisements PLEASE NOTE - Entries for Sales are accepted space permitting and may be stored for the next suitable auction. See condition 9(c)
8. Unsold lots may not be removed from the Saleroom without first obtaining authorisation from Torridge Auctions
9. CHARGES:
(a) A lotting fee will be charged of £1.00 per lot per sale with a minimum of £5.00 per sale being levied, with a £5.00 non-refundable deposit required.
(b) Commission will be charged at the rate of 17% + VAT Special terms are available for trade entries.
(c) Any item withdrawn by the Vendor after cataloguing will be charged at £1.00 per lot to a maximum of £15.00 per vendor
(d) Goods requiring storage for future sales will be charged at £10.00 per week or part thereof unless it is the decision of Torridge Auctions to do so.
(e) Any unsold lot not collected by the Vendor or vendor’s authorised agent by 12.00 on the Saturday following Thursday auctions or 4.00pm on the Monday following Saturday auctions will be charged storage of £1.00 per lot per day, unless prior agreement has been made with Torridge Auctions
10 . PAYMENT: Payment for goods sold will normally be made by cash, cheque or bank transfer once Torridge Auctions have received payment for the said goods.
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 by 12.00 on the Saturday following Thursday auctions or 4.00pm on the Monday following Saturday auction unless other arrangements have been made with Torridge Auctions. No lots shall be removed from the Sale premises unless a receipt has been obtained from Torridge Auctions.
14. Purchasers removing lots will be held responsible for any damage caused to persons or property.
15. A buyer’s premium of 17% + VAT will be charged on all lots purchased.
16. Any Purchasers' Bills not paid by 12.00 on the Saturday following Thursday auctions or 4.00pm on the Monday following Saturday auctions will be subject to a 5% surcharge immediately, followed by an increase of 2% per week or part week commencing one week later unless prior arrangements have been made.Storage charges may also be added of £1 per lot per day
17. Commission bids may be left with Torridge Auctions . Bidders are asked to observe all these Conditions and to contact the Auctioneers by noon on the day following the Sale.
18. ELECTRICAL ITEMS (a) Electrical items will be accepted subject to passing a safety test performed by Torridge Auctions nominated Electrician. There will be a fee for this test as shown in the Saleroom. Any item failing this test will be marked as such and sold for spares or repair only. (b) Any electrical fault discovered on an item marked "WORKING ORDER" must be reported by the Purchaser no later than 48hrs following purchase.
The item will then be considered for refund at the discretion of Torridge Auctions.(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. UPHOLSTERED ITEMS These can only be accepted if they comply with the current Fire Safety Regulations and display relevant labels. Exception is made for antique items.
Please note that VAT is charged