Auction ended on November 29th, 2006 UTC
21: Glenn Matlock - Sex Pistols. Glen Matlock's Gibson
Sold for: £5,000|Estimate: £8,000 - £10,000|Sell a Similar Item
Glenn Matlock - Sex Pistols. Glen Matlock's Gibson solid body electric bass. Used during his early recordings and performances with the Sex Pistols and The Rich Kids. Refer to department for details.
TERMS AND CONDITIONS OF SALE Welcome to The Fame Bureau. Please take care and time to read the Terms and Conditions very carefully as they form a legally binding contract between the Seller and The Fame Bureau. The fame Bureau will not accept any alterations to the below Terms and Conditions or any variation thereof unless they have been agreed in writing by The Fame Bureau. 1. Definitions. In these Conditions The Fame Bureau, who act as auctioneers and agents for the vendor, are called "the Auctioneers", and the representative of The Fame Bureau conducting the auction is called "The Auctioneer". 2. General. Whilst The Fame Bureau make every effort to ensure the accuracy of their catalogue and the description of any lot: (a) Each lot as set out in the catalogue or as divided or combined with any other lot or lots is sold by the vendor with all faults, imperfections and errors of descriptions. (b) The Fame Bureau do not accept responsibility for the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition or quality of any lot, unless they have been instructed in writing by the vendor so to certify, and in such case the Auctioneers do so as agents of the vendor and are not themselves responsible for such claims. (c) All statements, whether printed in the catalogue or made orally, as to any of the matters set out in (b) above are statements of opinion only and are not to be taken as being or implying any warranties or representations of fact by The Fame Bureau, unless they have been instructed in writing by the vendor so to certify, and in such case the Auctioneers do so as agents of the vendor and are not themselves responsible for such claims. (d) Any claim under any Statute must be received in writing by the Auctioneer within ten days of the day of the sale. 3. Withdrawal. (a) If the Seller should withdraw an item prior to catalogue production a withdrawal charge is levied at a flat rate of 20% of the low estimate. (b) The Seller cannot under any circumstances withdraw any lots from the auction once the catalogue has gone into production. 4. The Auction. (a) The Auctioneer has absolute discretion to divide any lot, to combine any two or more lots or to withdraw any lot or lots from the sale, to refuse bids, regulate bidding or cancel the sale without in any case giving any reason or without previous notice. He may bid on behalf of the vendor for all goods which are being offered subject to reserve or at the Auctioneer's discretion. (b) The highest bidder shall be the buyer except in the case of a dispute. If during the auction the Auctioneer considers that a dispute has arisen, he has absolute discretion to settle it or to re-offer the lot. The Auctioneer may at his sole discretion determine the advance of bidding or refuse a bid. (c) Each lot is put up for sale subject to any reserve price placed by the vendor. (d) All conditions, notices, descriptions, statements and other matters in the catalogue and elsewhere concerning any lot are subject to any statements modifying or affecting the same made by the Auctioneer from the rostrum prior to any bid being accepted for the lot. 5. Rescission. Notwithstanding any other terms of these Conditions, if within fourteen days after the sale The Fame Bureau have received from the buyer of any lot notice in writing that in his view the lot is a deliberate forgery and within twenty-one days after such notification the buyer returns the same to The Fame Bureau in the same condition as at the time of sale and by producing evidence, the burden of proof to be upon the buyer, satisfies The Fame Bureau that considered in the light of the entry in the catalogue the lot is a deliberate forgery, then the sale of the lot will be rescinded. and the purchase price of the same refunded. In the event of a dispute then the matter shall be settled by arbitration, both the buyer and the vendor agree to be bound by the decision. 6. Default. The Fame Bureau disclaim responsibility for default by either the buyer or the vendor because they act as agents for the vendor only and therefore do not payout to the vendor until payment is received from the buyer. Instructions given by telephone are accepted at the sender's risk and must be confirmed in writing forthwith. 7. In the event of a sale by private treaty both the vendor and the buyer agree to be bound by the General and any Special Conditions of Sale. VENDORS CONDITIONS 8. Instructions. As The Fame Bureau are auctioneers, all goods delivered to The Fame Bureau premises will be deemed to be delivered for sale by auction unless otherwise stated in writing and will be catalogued and sold at The Fame Bureau discretion and accepted by The Fame Bureau subject to all the Sale Conditions. By delivering the goods to The Fame Bureau for inclusion in their auction sales each vendor acknowledges that he or she has accepted and agreed to be bound by all these Conditions. 9. Collections. The Fame Bureau do not themselves usually undertake the collection of goods but will, if required in writing, instruct a contractor on the vendor's behalf in their capacity as agents. The Fame Bureau disclaim all responsibility for loss or damage to goods or for unauthorised removal of goods and for damage to premises caused by the contractor who should be insured for such risks. Unless instructions are received to the contrary the charge for these services will be deducted from the proceeds of sale. 10. Loss or Damage. The Fame Bureau disclaim all responsibility for loss or damage to goods or for unauthorised removal of goods unless caused by the direct negligence of their employees. 11. Storage. The Fame Bureau reserve the right to store or arrange for the storage of goods delivered to them for sale either on their own premises or elsewhere at their sole discretion. They exempt themselves from any liability for loss or damage to goods delivered to their sale rooms without sufficient sale instructions and reserve the right to make a minimum storage charge at £2.00 per lot per day for such goods (unless the loss or damage is caused by the negligence of their employees). 12. Right to Sell. (a) Vendors will be charged for goods left on the premises if the vendor has been requested to remove them and if the goods are not removed within twenty one days of such request The Fame Bureau reserve the right to sell the goods to defray costs and storage charges. (b) The Fame Bureau reserves the right to act upon the Sellers behalf for six weeks after the sale has concluded should the lot be unsold. The Fame Bureau also reserves the right to deduct appropriate commissions during that period. 13. Insurance. (a) Unless otherwise instructed in writing all goods on The Fame Bureau premises and in their custody will be held insured against the risks of fire, theft following forcible entry and water damage (but not against accidental breakage or damage) for which insurance The Fame Bureau will charge a premium of £1 per £100 (minimum lOp). The value of the goods so covered shall be the gross amount realised, or in the case of unsold lots the best bid, or in the case of goods withdrawn prior to a sale that which the specialised staff of The Fame Bureau shall in their absolute discretion estimate to be the auction value of such goods. (b) The Fame Bureau shall not be responsible for damage to or the loss, theft or destruction of any goods not so insured upon the owner's written instructions. (c) The Fame Bureau shall not be responsible for accidental breakage, loss or damage howsoever caused unless directly caused by negligence of their employees. (d) In respect of any article delivered to The Fame Bureau if the vendor has in force a policy or policies of insurance in which the article is specifically mentioned as being insured, whether or not for an agreed sum or value, the vendor shall notify his insurers of and shall himself note The Fame Bureau interest as bailees in such policy or policies. Insurance will be levied at 1.5% of the lower estimate or hammer price result. 14. Reserves. (a) All goods are put up for sale WITHOUT RESERVE at the Auctioneer's discretion unless written instructions as to reserves are received by The Fame Bureau prior to the commencement of the sale. (b) In the event of any reserve price not being reached at auction The Fame Bureau are empowered to sell after the auction, by private treaty, at not less than the reserve price, as long as the goods remain on The Fame Bureau premises. In the event of such a sale by private treaty the Conditions of Sale applicable to a buyer governing the auction will apply. 15. Indemnity. The vendor shall duly indemnify The Fame Bureau against any claims in connection with any goods sold by The Fame Bureau on the vendor's behalf. 16. Value Added Tax. A vendor who sends for sale by auction any chattel(s) which is an asset of his business must disclose to the Auctioneer whether or not he is a registered person for Value Added Tax purposes and, if so, his registered number and whether or not he intends to operate the special scheme covering works of art, etc. This information must be supplied to the Auctioneer on or prior to delivery of the goods. 17. The vendor authorises the Auctioneer to deduct commission and expenses at the stated rates from the hammer price and acknowledges the Auctioneer's right to retain any premium payable by the purchaser. 18. Rights to Photographs and Illustrations. The vendor gives The Fame Bureau full and absolute right to photograph and illustrate any lot placed in its hands for sale and to use such photographs and illustrations and any photographs provided by the vendor at any time at its absolute discretion (whether or not in connection with the auction). BUYERS CONDITIONS Below are the Conditions and Terms for purchasing in our Auctions. They form a legally binding agreement. Please review them carefully. 19. Registration. (a) You are required to register with The Fame Bureau to participate and bid in any Live / On-line Auction. This can either be on-line, via telephone or at the sale. (b) The Fame Bureau will issue you with a confidential password which must be quoted each time you participate in a Fame Bureau sale. 20. Inspection. Each buyer by making a bid for a lot acknowledges that he has satisfied himself fully before bidding by inspection or otherwise as to all the Sale Conditions the physical condition of and description of the lot including but not restricted to whether the lot is damaged or has been repaired or restored. 21. Property and Risk. Legal title will not pass to the buyer until the lot(s) has been paid for in full and the Auctioneers shall be entitled to a lien on any lot sold until the purchase price (as defined in 22 below) is paid in full but each lot is at the sole risk of the buyer from the fall of the hammer. Each buyer shall forthwith give his full names and permanent address and if called upon to do so by the Auctioneer shall forthwith pay to The Fame Bureau such proportion of the purchase price as the Auctioneer may require. If the buyer fails to do so, the lot may at the Auctioneer's sole discretion be put up again and re-sold. 22. Every bidder shall be deemed to act as principal unless there is in force a written acknowledgement by The Fame Bureau that he acts as agent on behalf of a named principal. 23. Liability. The maximum sum of The Fame Bureau’s liability for any reason e.g. negligence, breach of obligation or other, shall be the successful bid price of any lot, provided that the Auction has been completed. If the auction has not been completed The Fame Bureau accepts no liability to the Buyer to the fullest extent permissible by law. 24. Agreement in its Entirety. It is agreed that this contract between The Fame Bureau and the Seller shall be governed by the exclusive jurisdiction of the English courts, should any dispute occur between The Fame Bureau and the Buyer. 25. Removal of Goods. (a) No purchase shall be claimed or removed until it has been paid for and the sale has been concluded. All purchases shall be paid for and removed at the buyer's risk and expense by the end of the second working day after the sale, failing which the Auctioneer shall not be responsible if the same are lost, stolen, damaged or destroyed, and all lots not so removed shall remain at the risk of the buyer and subject to a minimum warehousing charge of £2.00 per lot per day. If they are not paid for and removed within seven days of the sale the Auctioneer may re-sell them by auction or privately without notice to the buyer. Any liability which there may be on the part of the Auctioneer in respect of any loss shall be restricted to a maximum of the price paid by the buyer of the lot. (b) In the event of any failure of the buyers to comply with any of the above conditions the damages recoverable by the seller or the Auctioneers from the defaulter shall include any loss arising on any re-sale of the lot, together with the charges and expenses in respect of both sales, and together with interest at 2% above Barclays Bank PLC Base Rate upon the price of any lot which has not been paid for within 48 hours of the sale, and any money deposited in part payment shall be held by the Auctioneers on account of any liability of the defaulter to them or to the seller. The Auctioneers are unable to accept payment from successful bidders other than in cash or by the bidder's own cheque. Cheques drawn by third parties, whether in the Auctioneers' favour or requiring endorsement, cannot be accepted. 26. Rights to Photographs and Illustrations. The buyer gives The Fame Bureau full and absolute right to use such photographs and illustrations of lots sold at auction at any time at its absolute discretion (whether or not in connection with the auction).
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