Terms & Conditions.pdf

The terms and conditions of business for buyers at auctions include:
1. Introduction to the conditions of business, which include the terms of consignment and terms of sale.
2. Agency: the auctioneer acts on behalf of the seller, and the buyer's contract is with the seller.
3. Estimates: designed to help gauge the purchase price, but may change and do not include the buyer's premium or VAT.
4. Buyer's premium: 20% of the hammer price, plus VAT, and an additional fee for online bids.
5. VAT: payable on the hammer price and buyer's premium, with different rates for different types of items.
6. Inspection of goods: buyers must inspect and investigate lots before bidding, and the auctioneer is not liable for the condition of lots.
7. Electrical goods: sold as antiques for collection and display only, and must be checked by a qualified electrician before use.
8. Export of goods: buyers must find out if an export licence is needed and if there are any prohibitions on importing the goods.
9. Bidding: buyers must register before the auction, provide proof of identity, and may be subject to financial checks.
10. Financial checks: buyers may be required to provide identification and proof of address, and the auctioneer may refuse to register buyers who do not provide sufficient information.
11. Commission bidding: buyers can leave commission bids, which will be executed as cheaply as possible.
12. Methods of payment: the auctioneer accepts most cards and bank transfers, but not cheques, and there is an upper limit for cash payments.
13. Collection and storage: buyers must pay for and collect goods promptly, or may be subject to storage charges.