3/29/2023 0 Comments Bank note blended scotch whiskyTo rescind the sale of the Lot and/or any other Lots sold by us to you To proceed against you for damages for breach of contract If any Lot is not paid for in full and taken away in accordance with these Conditions or if there is any other breach of these Conditions, we as agent for the seller shall at our absolute discretion and without prejudice to any other rights we may have, be entitled to exercise all or any of the following rights and remedies: REMEDIES FOR NON PAYMENT OR FAILURE TO COLLECT PURCHASES No purchase can be claimed or removed until it has been paid for.Ĩ. You shall at your own risk and expense take away any lots that you have purchased and paid for not later than five working days following the day of auction providing that all payments have cleared our account to include cheque or bank transfer payments, after which you shall be responsible for any removal, storage and insurance charges. The ownership of any Lots purchased shall not pass to you until you have made payment in full to us for the total amount due. We do not accept American Express or Diners Club.Īny payment by you to us may be applied by us towards any sums owing from you to us on any account whatever without regard to any directions of you or your agent, whether express or implied Debit and Credit card payments can only be accepted if the buyer is present. We accept cash, debit card, credit card, bank transfer (details available on request) and banker's draft in pounds sterling. Pay to us the total amount due in cash or such other way as is agreed by us. Give to us, if requested, proof of identity. Value Added Tax is charged at the appropriate rate prevailing by law at the date of the sale and is payable by buyers of relevant lots. Value Added Tax on the hammer price as imposed by law on all item affixed with an asterisk. The buyer shall pay the hammer price together with a premium thereon of 20% plus VAT on the premium at the rate imposed by law. Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.īidding increments shall be at the auctioneer's sole discretion. The maker of the highest bid accepted by the auctioneer conducting the sale shall be the buyer at the hammer price and any dispute about the bid, which must be raised before the next lot is offered, shall be settled at the auctioneer's absolute discretion.īidders shall be deemed to act as principals The singular includes the plural and vice versa as appropriate.īidders are required to register their particulars before bidding and to satisfy any security arrangements before entering the auction room to view or bid. refer to the buyer as identified in Condition 2. "sale proceeds" means the net amount due to the seller, being the hammer price of the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising "total amount due" means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any other additional charges payable by a defaulting buyer under these Conditions "terms of consignment" means the stipulated terms and rates of commission on which Bowler & Binnie accepts instructions from sellers or their agent "hammer price" means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer "deliberate forgery" means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of sale had a value materially less than it would have had if it had been in accordance with the description "auctioneer" means the firm of Bowler & Binnie or its authorised auctioneer, as appropriate In these terms of business Bowler & Binnie Auctioneers Ltd is referred to as 'Bowler & Binnie'. Bowler & Binnie Auctioneers carries on business with bidders, buyers and those present in the auction room prior to or in connection with a sale on the following General Condtions and on such other terms, conditions and notices as may be referred to herein.
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