Day 3 of Three-day General Auction

Buyers Policy for General Auctions 1. BEFORE THE SALE 1.1 Agent for the seller Unless otherwise agreed, Cadmore Auctions Ltd, hereafter referred to as ?C.A? acts as agent for the seller. The contract for sale of the property is therefore made between the Seller and the Buyer. 1.2 Definitions For the purposes of the current Terms and Conditions, the Seller shall be defined as the owner of the Goods. It is implied that the Seller is the legitimate owner and is authorised to sell the Lot. The Bidder is any registered person participating in the auction, and the Buyer is the successful Bidder for a particular Lot. The Lot means the item(s) put up for sale by C.A and to which the present Terms and Conditions apply. 1.3 Catalogue descriptions any representation in any catalogue or otherwise as to the origin, date, age, attribution, genuineness or estimated selling price of any lot is a statement of opinion only. Such statements do not constitute a representation warranty or assumption of liability by C.A in relation to the Lot. Any prospective Buyer should satisfy themselves prior to the sale as to the reliability of the catalogue description. The absence of mention related to prior restorations in the Catalogue descriptions does not imply that the good is exempt thereof. Photographs of any Lot provided by C.A are for indicative purposes only and are not deemed to be a precise representation of the said Lot. The Buyer is advised to seek independent expert advice in order to be assured of the authenticity and true state of the good. 1.4 Inspection Prior to auction, prospective purchasers are strongly advised to personally examine personally any property in which they are interested to satisfy themselves in relation to matters which may concern them. 1.5 Condition report, C.A may issue a Condition Report on request prior to the sale. This Condition Report is for identification purposes only and cannot be considered as giving a precise account of the Lot?s true state. Thus, some imperfections and faults may not be accounted for in the Condition Report. As aforementioned, and in the absence of any contractual value of the Condition report, it is the Buyer?s sole duty to inspect in person the Lot in order be assured of its true condition and C.A shall not be responsible for assertions within the Condition Report hereto. 1.6 Electricals, All electrical items are sold as seen and C.A offers no guarantee as to the working condition of such items or their safety. It is the Buyer?s duty to take necessary steps to be assured that the Lot is safe for normal use. 1.7 Estimates are based on various factors inherent to the situation of the market at the time of the sale, as well as considerations such as the condition, rarity, or quality of the item etc. Estimates are only indicative and represent the opinion of C.A. Estimates provided by C.A cannot constitute a guarantee as to the value of the good. Subsequently, goods may sell at prices lower or higher than the provided estimates. 1.8 Reserves, Many Lots are offered subject to a reserve, which is the confidential minimum sale price. The reserve will never exceed the low estimate printed in the catalogue. C.A may open the bidding on any Lot below the reserve by placing a bid on behalf of the seller, and may in their discretion continue to bid up to the reserve price. This can be achieved by bidding in response to other bidders or alternatively by placing consecutive bids. 1.9 Registration to the sale New bidders will need to register prior to the sale. It is strongly advised bidders register at least 24 hours before the sale. Registration thereafter shall be at the auctioneer?s entire discretion. International bidders may be required to register 48 hours before the sale and to submit bank details. A deposit may be requested prior to each sale. Failure to register shall result in the impossibility for the bidder to purchase a Lot. 1.10 Proof of identity Bidders not previously known to C.A will be required to provide: Official proof of identity in the form of a passport or photocard driving licence. No other forms of ID are acceptable. ? Proof of address of main residence. Only official documents showing name and address will be accepted. ? Both landline and mobile telephone numbers ? A bank reference for foreign bidders may be requested ? Corporate clients will have to provide a certificate of incorporation prior to the auction, along with the representative?s ID in accordance with the abovementioned requirements for proof of identity. Any Bidder that does not match the provided identity for registration may not purchase during the sale. 2. DURING THE SALE 2.1 Attendance at auction, Attending the auction in person is recommended. C.A has the right in their absolute discretion to refuse participation in any auction, to reject any bid, and to refuse admission to the premises. Bidders are not obliged to be present in person at the auction. Absentee bidders shall be required to make necessary arrangements with C.A prior to the sale. 2.2 Personal bidding, Bidders attending the auction in person shall be required to collect a number plate prior to the sale. 2.3 Commission bids, C.A will use reasonable efforts to carry out Commission bids received by them prior to the sale for the convenience of clients who are not present at the auction in person. This is a free service provided to help clients and C.A does not accept liability for any failure to execute a Commission bid or for errors and omissions in connection with it. Commission bids shall be executed at the lowest possible price, subject to competing bids and reserves. Although C.A will endeavour to inform Buyers, it is the Buyer?s responsibility to check if they have been successful in purchasing a Lot. In the event of multiple commissions at the same price, the commission set at the older date shall be taken into account. 2.4 Telephone bids, If a bidder is not able to attend in person an auction, C.A will use reasonable efforts to contact prospective Buyers who make arrangements prior to commencement of the sale to bid by telephone. C.A cannot be held responsible in the event of issues affecting connectivity, resulting in the loss of a chance of purchasing the Lot for the Bidder. 2.5 Internet bids, Some sales may be available to internet bidding, as well as personal attendance. In this event, C.A shall not be held responsible for issues affecting connection. 2.6 Bidding on behalf of someone, A Buyer may bid by proxy. In this event, proof of identity of both the Buyer and the proxy must be communicated to C.A prior to the sale. A copy of the mandate shall also be required. 2.7 Bidding on an item, Bid incrementing is at the auctioneer?s entire discretion. 2.8 Video transmission, For the purpose of the sale, Lots may be displayed on video during the auction. In the event of transmission issues, C.A shall not be held responsible for any subsequent outcome. 2.9 Online-only auctions, Some auctions may be available to bidders only through an online platform. In this event, Buyers have a 14 day period in which to cancel a purchase, in accordance with EU Consumer Law. 2.10 Dispute resolution during the auction, Any dispute shall be settled at the auctioneer?s absolute discretion. Under no circumstances will a sale be cancelled after the fall of the hammer, except at the auctioneer?s entire discretion. 3. CONTRACT FORMATION AND EFFECTS 3.1 Contract of sale, The contract of sale is between the Buyer and the Seller. The Buyer shall be the bidder at the highest price at the fall of the hammer. The sale is deemed complete once the auctioneer announces its completion by the fall of the hammer and the contract shall be binding thereafter between the Buyer and the Seller and C.A When a Buyer purchases multiple Lots, each Lot is the subject of a separate contract of sale. 3.2 Transfer of property of the goods shall pass to the Buyer only once C.A has received full payment for the goods, this includes the price at the fall of the hammer as well as Buyer?s premium, relevant taxes, and costs in relation to shipping. 3.3 Transfer of risks Purchased Lots shall be at the Buyer?s risk in all respects from the fall of the hammer, and neither C.A nor their agents shall be responsible for any loss or damage of any kind, whether caused by negligence or otherwise. 3.4 Cancellation of the sale At the fall of the hammer, the contract is formed between the Buyer and C.A and is binding thereafter. Under no circumstances can the Buyer cancel the sale. C.A may at its entire discretion, during or after the auction, cancel the sale of the Lot or reoffer and resell the Lot if it becomes aware of any error or dispute of any nature, whether or not title has passed to the Buyer, and up to a period of 6 months after the said sale. Grounds for cancellation under the present section shall include but not be limited to any dispute relating to the attribution or provenance of the Lot, ownership and title, fraud or deceit, lack of relevant licences or certif