Sale 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, description or
otherwise of the respective lots. No warranty is given on domestic appliances
and such items are deemed to have been examined by the purchaser and purchased
as seen.
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 under bidder
(subject to any reserve applicable) and to amend the hammer price accordingly,
should this fail, 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 2 weeks after this time shall become the
property of Torridge Auctions and disposed of as is deemed fit (unless otherwise agreed).
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.
VENDORS
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 4.00 on the Monday following auction shall be
deemed to be the property of Torridge Auctions and disposed of at the cost of
the Vendor (does not apply to Antique Sales) or unless previous arrangements
have 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 1.00 on
the Saturday following 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 1.00 on the
Saturday following auction 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.
SPECIAL CONDITIONS
18. ELECTRICAL ITEMS will not be PAT tested and
will be sold as seen. These items are not refundable if found to be not
working.
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