Terms & Conditions for Buyers
Please read the following carefully before bidding:
(1) These Conditions, together with any which may be detailed in any other Notice to Purchasers issued with this catalogue, or displayed for the attention of Purchasers elsewhere, are the only Terms & Conditions subject to which Northern Realisations Ltd, ( referred to hereinafter as "the Auctioneer"), as Agents for the Vendor, will sell goods to a purchaser (referred to hereinafter as "the Bidder"). All other conditions as may be lawfully excluded, are hereby excluded.
(2.) Auction Practice The Auctioneer may, at its discretion, or upon the instructions of the Vendor:
(2a) Alter or withdraw any or all lots referred to in this catalogue up to the time that the hammer falls in relation to such lots.
(2b) Withdraw from sale any lot upon which a reserve price has been placed, when the highest bid does not meet the reserve.
(2c) Where two or more consecutive lots are similar in quantity and description, offer the bidder of the first item the option of taking the second and, (if it wishes) subsequent lots or any of them), at the same price.
(2d) Each lot shall be sold to the highest bidder and in the event of a dispute arising between bidders, such dispute will be resolved in such manner as the Auctioneer may in its absolute discretion determine.
(2e) Bidding will be regulated by the Auctioneer in such manner as it may think fit and, without prejudice to the generality of the foregoing, the Auctioneer may refuse to accept any bid, or may itself bid on behalf of any Third Party
(3) 10% Buyer’s Premium
The Buyer will pay the Auctioneer a Premium of 10% plus VAT at the prevailing rate upon the "Hammer Price" of each lot. The Premium is not negotiable, and is payable by all purchasers. The Bidder also agrees that the Auctioneer may also receive Commission from the Vendor.
(4) Bidder Registration/Deposits
Bids will only be accepted from holders of a Bidders number issued by the Auctioneer. The Auctioneer requires each registered bidder to pay a £40.00 deposit which will be refunded if the holder purchases no items, or will be deducted from the bidder’s invoice.
(4a) The Auctioneer may request a further deposit from any successful bidder at any time following the fall of the hammer upon an item sold to that bidder. Such deposit will be held as a deposit against all the goods sold to that bidder.
(4b) The balance of Purchase moneys due from each bidder must be settled not later than the close of business 3 days after the auction . Goods not collected by the stipulated time will incur storage charges.
(5) Means of Payment
The Auctioneer will accept payment by the following means: Cash, Bankers Draft, Cheque subject to clearance or endorsement with a valid guarantee card., and at all times at the discretion of the Auctioneer.
(5b) Any delay in cheque clearance caused by the issuer’s failure to ensure that sufficient funds are available to meet the cheque will render the issuer liable for the Auctioneer’s storage charges.
The Price at which the Bidder purchases each lot will be inclusive of VAT at the prevailing rate, where applicable
(6a) We do not particpate in the HRMC VAT refund Scheme for goods exported outside the EU.
f(7) Clearance of Purchases
The Bidder will only remove lots from the Auctioneer’s premises at the direction of the Auctioneer, and within the time set by the Auctioneer for the clearance of goods. No lots will be removed by any Bidder until that Bidder has settled his account for all lots purchased.
(8) Buyers Risk
The Bidder is on Risk in respect of any purchase upon the fall of the hammer. The Bidder is strongly advised to effect any insurance arrangement necessary in respect of all risks arising thereafter. The Duty of the Auctioneer, and the Vendor, and their agents will be deemed performed upon the fall of the hammer even if a lot of part thereof is subsequently damaged or misplaced.
The Auctioneer has used its best endeavours to ensure that the descriptions contained, within this catalogue are correct, and where the Auctioneer is able so to do, any amendment to the catalogue will be published upon the Catalogue Amendment sheet which is displayed and circulated to Auction visitors. The Bidder relies upon such descriptions at its own risk .The Bidder is advised to inspect any lots for which it intends to bid in order to verify the accuracy of the description. The Auctioneer, on its own behalf, and on behalf of the Vendor hereby excludes all liabilities for any loss or damage sustained by the Bidder as a result of , or in connection with , a defect in any lot purchased, comprised in the catalogue, or its addenda, the failure of any lot to fulfil the functions for which, they were intended by the Bidder or any loss or damage occasioned thereof prior to their removal from the Auctioneer’s premises.