(a) If the buyer fails to pay for or take away any lots pursuant to clause 4 or breaches any other condition of that clause the Auctioneer as agent for the seller shall be entitled after consultation with the seller to exercise one or other of the following rights: This right shall be exercisable without prejudice to any other right of the Auctioneer.ĥ. (e) All sums due to the Auctioneer shall be paid as shown and he reserves the right to charge interest which shall accrue at the rate of 4% over such base lending rate of National Westminster Bank Plc as shall be in force at the date that interest becomes due, such sum to be calculated per annum from day to day on all amounts due but unpaid. (d) The Auctioneer may at his discretion agree credit terms with a buyer and extend the time limits for collection in special cases but otherwise payment shall be deemed to have been made only after the Auctioneer has received cash or funds by bank transfer or a sterling banker's draft or the buyer's cheque or debit/credit card payment has been cleared. (c) The buyer shall at his own expense take away any lot or lots purchased no later than five working days after the auction day. (b) The buyer may be required to pay down during the course of the sale the whole or any part of the total sum due, and if he fails to do so after such request the lot or lots may at the Auctioneer's absolute discretion be put up again and resold immediately. (a) The buyer shall forthwith upon the purchase give his name and permanent address together with proof of identity and pay the Auctioneer immediately after the conclusion of the auction the total sum due. By making any bid the buyer acknowledges that his/her attention has been drawn to the fact that on the sale of any lot the Auctioneer will receive from the seller commission at its usual rates in addition to the said premium and assents to the Auctioneer receiving the said Commission.Ĥ. The buyer shall pay the price at which a lot is knocked down by the Auctioneer to the buyer ("the hammer price") together with a premium of 20% except those lots asterisked (*) in the title, in which case the buyer's premium is 24% inclusive of VAT. (b) Where goods are bought at auction by a buyer who has entered into an agreement with another or others that the other or others (or some of them) shall abstain from bidding for the goods and the buyer or other party or one of the other parties is a dealer as defined in the Auctions (Bidding Agreements) Act 19 the buyer warrants that the goods are bought bona fide on a joint account.ģ. The auctioneer may at his sole discretion determine the advance of bidding or refuse a bid, divide any lot, combine any two or more lots or withdraw any lot without prior notice. If during the auction the Auctioneer considers that a dispute has arisen he has absolute authority to settle it or to re-offer the lot. (b) The Seller warrants to the Auctioneer and to the buyer that he is the true owner or is properly authorised to sell the property by the true owner and is able to transfer good and marketable title to the property free from any third party claims.Ģ. (a) Dominic Winter (Auctioneers) Ltd ("the Auctioneer") sells as agents for the seller (except where otherwise stated) and as such is not responsible for any default by buyer or seller. This service is only available on lots with a minimum pre-sale estimated value of £300.ġ. A member of our staff will telephone you a few minutes before bidding commences on your specified lot and will bid on your behalf, according to your instructions. Telephone bid: You can contact our office to arrange a telephone bid. Commission bids can be posted, faxed or emailed to us (please remember to provide your full name and address), or you can enter a bid on our website after completing the registration process. A member of our staff will bid on your behalf and attempt to purchase the lot as cheaply as is permitted by other bids or reserves. A live bidding fee of 3% + VAT (Dominic Winter website or ) or 4.95% + VAT (the-saleroom) will be added to your invoice.Ĭommission bid: Also called an 'Absentee bid'. Please note successful bids made via live bidding cannot be invoiced or paid for until the day after an auction. Online bidding: You can bid live online at our auctions via our own website ( .uk) after completing the registration process or alternatively you can live bid on or In person: Being present at the auction provides the convenience of being able to remove the lots that you have purchased when the sale ends, provided you choose to pay by credit or debit card, guaranteed cheque or cash. You can make a purchase at Dominic Winter Auctioneers by using any of the following methods:
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |