Terms and Conditions of Business

Andrew Hilton trading as Historical & Collectable hereinafter referred to as the Auctioneer and to include any person acting upon his authority.

General

Third Party Liability:  All persons on the premises of, or at a venue hired or borrowed by the Auctioneer are there upon their own risk. They shall have no claim against the Auctioneer in respect of any accident, injury or damage howsoever arising.

Admission:  Admission to the view and auction is reserved and is by catalogue and registration.

Catalogue:  All descriptions, whether printed or oral, are statements of opinion not fact. Intending Purchasers should satisfy themselves as to the condition, age and authenticity etc. of all pieces and lots.

Auction:  The Auctioneer reserves the right to accept or refuse any bid(s), regulate the bidding and amounts of any bid(s), rearrange, consolidate or withdraw any lot(s) or part of any lot without reason or notice. In the event of a dispute the Auctioneer has absolute discretion to settle such dispute.  All transactions associated with this auction sale shall be governed by English law.

Vendors (Sellers)

Indemnity:  The Vendor indemnifies the Auctioneer, his servants and agents who act solely as agent for the Vendor.

Title:  The Vendor warrants to the Auctioneer and the Purchaser they are the absolute owner of any lot and is authorised to sell the same and pass marketable title free of any encumbrance or claim.

Instructions:  Lots are sold at the Auctioneer’s discretion unless written instructions to the contrary are received by the Auctioneer more than 24 hours prior to the auction. Responsibility for receipt of such instructions rests with the Vendor.

Proceeds:  The Vendor authorises the Auctioneer to deduct all monies due to him from the auction proceeds. The Auctioneer shall not be liable for settlement of any lot(s) for which he is not in possession of cleared funds.

Purchasers (Buyers)

Acknowledgment:  In making a bid for any lot, whether in person or otherwise, all bidders acknowledge they have read, understand and abide by all these Conditions of Sale.

Title:  Responsibility for a purchased lot shall pass at the fall of the hammer, however legal title shall not pass until the Auctioneer is in possession of cleared funds in payment for that lot.

Payment and Clearance:  All lots must be paid for in full within 7 days following the conclusion of the auction except where agreed by the Auctioneer in writing. No lot(s) may be removed until cleared funds are to hand except where agreed by the Auctioneer. Any lot(s) not paid for will incur storage charges calculated at the sole discretion of the Auctioneer and interest at 3% over Lloyds Bank Base Rate.

Purchase Price:  The Buyer will pay to the Auctioneer the hammer price together with a Buyer’s Premium calculated at a rate of 20.00% (including VAT), additionally any Value Added Tax on the hammer price where noted in the auction catalogue.  Purchases made by live internet bidding will additionally incur a surcharge of 5.00% (including VAT).