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CONDITIONS OF SALE
1. Definitions. In these conditions the representative of A. F. Brock and Co. Ltd. conducting the auction is called 'the auctioneer.'
2. General. A. F. Brock & Co. Ltd. make every effort to ensure the accuracy of their catalogue and the description of any lot, subject to the following: -
(a) All items are believed to be genuine unless otherwise stated. Where the description appears within inverted commas this should be taken as to indicate that there might be some element of doubt.
(b) Where an opinion is expressed as to the condition or grade of any item, in the case of numismatic items using standard British terminology, this is not to be taken as a guarantee as it is included as a guide only.
(c) Where weights are quoted in brackets, gold items in grams and silver items in troy ounces, care is taken to ensure accuracy; however, these should not be taken as a guarantee.
3. The Auction.
(a) The auctioneer has the 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 giving any reason or without previous notice.
(b) The auctioneer may bid on behalf of the vendor for all lots that are being offered subject to reserve or at the auctioneer's discretion.
(c) The highest bidder shall be the buyer, except in the event of any dispute or other reason arising, during or immediately after the sale of the lot, whereby the auctioneer has absolute discretion to settle it or re-offer the lot.
(d) Normally, there are no reserve prices for lots in the sale, however, where any lots are put up for sale subject to a reserve price, the seller has the right to bid for them, either personally or else by any one person who may be the auctioneer.
(e) All conditions, notices, descriptions, statements, and other matters in the catalogue and elsewhere concerning any lot are subject to any modifications affecting the same made by the auctioneer prior to any bid being accepted for the lot.
4. Vendors Terms. Selling commission for private vendors - 15% for all sales over £100, 20% for sales under £100. Selling commission for trade vendors - 10% for sales over £300, 15% for sales between £100 and £300 and 20% for sales under £100. Commission on larger consignments may be negotiable.
5. Buyers Premium. The buyers' premium is 15% (eBay buyers premium is 20% - to cover additional charges). The buyers' premium for all European Union buyers is subject to VAT at 17.5%. All buyers must settle their account within 10 days of the sale. For payment methods and details see our information page.
6. Collection of goods. Buyers must collect their goods after making payment either at the end of sale from the auction room or from our office premises within 10 days of the sale. Buyers will be charged storage fees of £10 for any delay up to 30 days after this time and an additional £20 for any further delay up to 60 days. If goods have been paid for but are still not collected after this period they will be put into a storage facility and the buyer will be responsible for removal and further charges. If goods are not paid for then clause 8 below applies. See our information page for shipping/postage details.
7. Recission. Buyers must satisfy themselves as to the accuracy of their purchases at the time of collection/delivery. Notwithstanding any other terms of these conditions, if within 14 days of the sale A. F. Brock & Co. Ltd. have received from the buyer of any lot, notice that in his view the lot is a forgery or wrongly described in the catalogue and within 21 days after such notification, the buyer returns the same, in the same condition as at the time of the sale, within a reasonable period thereafter, by producing evidence, the burden of proof to be upon the buyer, satisfies A. F. Brock & Co. Ltd. that considered in the light of an entry in the catalogue, the lot is a forgery or seriously mis-described, then the sale of the lot will be rescinded and the purchase price of the same refunded. The vendor agrees to be bound by the decision of A. F. Brock & Co. Ltd.
8. Default. If the buyer defaults on payment for lots, the lots will be re-offered in the next sale. If the re-sale of such items achieves a lower price than first obtained then the original buyer will be responsible for any deficit and any expenses incurred in the re-sale. Unless this debt is paid in full they will not be permitted to bid in any of our future auction sales.
9. Absentee bidders. Commissions on behalf of bidders unable to attend the sale will always be carried out carefully and lots will be bought as cheaply as it is allowed by such other bids and reserves which may be on the books. Postage & packing charges will be added to the buyers invoice. These shipping charges will be subject to VAT at 17.5% for European Union buyers only. For more details regarding shipping see our information page.
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