INTERNET BIDDING :: AUCTIONEERS’ CONDITIONS OF SALE
BIDDING
1.	Any dispute as to any bid shall be settled by the Auctioneers in their absolute discretion.
2.	Bids will be accepted only from Bidders who have obtained a Bidder’s Number from the Auctioneers. The Auctioneers, nevertheless, have absolute discretion to refuse any bid without giving a reason.
3.	Immediately on the fall of the hammer a legally binding contract shall be deemed to have been formed between the Purchaser and the Vendor.
4.	The Auctioneers shall not be held responsible for any loss of communication or connection between a Bidder’s internet system or mobile phone or ordinary telephone landline and that of the Auctioneers, however caused.
5.	The Auctioneers do not accept any responsibility for the mis-use of your Bidder’s Number.
6.	Bids made by internet are solely at the bidders risk and the service is provided subject to the Auctioneers other commitments at the time of the auction and therefore the Auctioneer cannot accept any liability if bids received by internet are not placed.
7.	The Auctioneer has the complete discretion as to the manner in which the auction is conducted and the order in which lots are offered for sale not withstanding any numbers given to lots within the catalogue.
8.	The Auctioneer has the sole discretion and the right to refuse any bid, and/or to withdraw a lot from the auction and if a dispute arises to re-auction a lot.
PAYMENT
1.	Internet Bidders must forward full payment forthwith on receipt of the confirmation letter. It is of critical importance that funds are readily available to you to pay the purchase price for the lot in full before you make a bid.
2.	VAT at the current rate is payable on the Bid Price of every Lot.
3.	The Purchaser shall pay to the Auctioneers on making payment for the Lot, a premium of 7.5% of the final bid price, plus VAT on the hammer price and buyer’s premium together with the £80 assignment fee.
4.	The Auctioneer is not liable for any disruption and or failure to the internet based payment system. The Auctioneer reserves the right to withdraw the service at any time with or without notice and the Purchaser must arrange to use an alternate method of Payment.
5.	If the price of any Lot and any other payment due is not paid in full the Auctioneers/Vendor reserve the right to pursue the Purchaser and legal action will be taken to recover the full or outstanding balance appropriate.
6.	If a Purchaser buys more than one Lot he must have paid for them all in full before Certificates will be issued in respect of any of them.
7.	On the fall of the hammer a contract is formed with the Secretary of State for Transport and included in that a contract is deemed to have been formed between the Purchaser and the Auctioneer. In the event of late payment, the Auctioneer reserves the right to recover the amount owing to him and/or deal with the matter in any way they see fit. The Auctioneers retain the right to add a special service charge in the event of late payment.
This is an excerpt from the Auctioneers’ Conditions Of Sale.