Welsh Auctions - Terms & Conditions

WELSH AUCTIONS

TERMS & CONDITIONS OF SALE

General:

The representative of Welsh Auctions conducting the sale

is called the “Auctioneer”.These conditions alone govern

the sale of each lot by the vendor to the buyer and all other

conditions, warranties or terms whether express or implied

by statute or common law are excluded.

2. This is a B2B trade only auction and The Sale of Goods Act 1979

does not apply to any auction conducted by Welsh Auctions.

3. Each lot is put up for sale subject to any reserve price

placed by the vendor. It is the vendor’s right to bid

personally up to the reserve price, or to appoint one

person (who may be the auctioneer) to do so on their behalf.

4. For all purposes of sale the Auctioneer shall be deemed

to be the agents of both the vendor and the buyer and

may in the case of lots upon which there is a reserve price,

exercise the right to bid on behalf of the vendor.

5. As agent the Auctioneer cannot be responsible for any

default by either the vendor or buyer.

6. The Auctioneer reserves the right to re-sell any lot after

the fall of the hammer in the case of any dispute or discrepancy.

7. The auctioneer’s decision in cases of dispute

will be final. Any person on the premises of the sale shall

be deemed to be there at their own risk.

8. No under-16s are allowed on the premises of the sale.

Buyers:

9. All patrons proposing to bid MUST register by completing the

correct forms online, Failure to do so will mean the

auctioneer cannot accept a bid.

10. Welsh Auctions reserves the right to refuse registration

to any person without giving a reason.

11. Each successful buyer must pay the full amount by

cash or card, including buyer’s premium, to Welsh Auctions no

later than 48 hrs following the close of the auction.

12. Each buyer, by making their final bid for a lot acknowledges

that they have satisfied themselves before bidding as to the

physical condition of the lot and whether the lot is damaged

or has been repaired, as:

NO REFUNDS CAN BE GIVEN WHATSOEVER.

13.The buyer becomes responsible for each lot from the fall of

the hammer. Each lot is sold with all faults, imperfections and

errors of description. Neither Welsh Auctions nor the vendor

are responsible for the authenticity, attribution, genuineness,

origin, authorship, date, age, period, condition or quality

of any lot.

14. All statements in the sale catalogue or elsewhere including any

verbal statements made by the staff of Welsh Auctions are

statements of opinion only, and are not to be taken as being

or implying representations of fact.

15. Payment is direct to our bank, cash, credit card or debit card. Credit card payments carry an additional surcharge equal to 3% of the whole bill. We only accept card payments in person at our premises and DO NOT take card payments over the telephone.

16. All lots must be cleared within 48hrs of the sale unless

otherwise agreed with the Auctioneer.

17. Due care must be taken when removing lots and any

parties causing damage to the property will be held

responsible for any repair costs incurred.

18. Buyers will be charged a storage fee of £5 per lot per

day for goods left on the premises if they have been

requested to remove them and if the goods are not

removed within seven days of such request.

19. Welsh Auctions reserves the right to sell the goods without

reserve to defray costs and storage charges.

Precious Metals:

20. Welsh Auctions do not test any of the precious metals offered

for sale. Any items of ‘Gold’ or ‘Silver’ have been described

as such based on a correct and recognised Hallmark being

present. For the avoidance of doubt, any precious metals being

offered for sale will simply be described as “White or Yellow

Metal”.

Electrical Items:

21. Welsh Auctions advise you to check any electrical items before

use and would recommend the item being checked by a

qualified electrician. Welsh Auctions, it’s vendors, sellers or

buyers cannot be held responsible for electrical items which fail any test carried out by a qualified electrical or other person

qualified or not.

Bid Increments:

22. All lots, unless otherwise stated are sold without reserve. A

starting price and bid increment of £2 will apply to all lots. Any

lots that carry a reserve will be clearly identified. Lots reaching

over £100 will carry bid increments of £5.

Viewing and Condition Reports:

23. All auctions conducted by Welsh Auctions have designated

viewing times during which the lots offered for sale can be

inspected by prospective buyers. Photographs and brief

descriptions of lots can be viewed online for many of our sales,

but it must be noted that there is an ‘opportunity to view’ for all

buyers and as such the buyer is still responsible for satisfying

themselves as to the physical condition of the lot prior to

bidding.

24. For potential buyers who are unable to travel to the saleroom

we offer a ‘Condition Report’ service – i.e. we can provide a

detailed written description of the lot to assist the buyer in their

decision to make bid. However, you must still satisfy yourself as

to the physical condition of the item prior to bidding. Email us for more information.

Shipping:

25. Welsh Auctions have an in-house packing and shipping service.

Charges vary – please ask for a quote before bidding if you do

require this service. Please note that some items cannot be

shipped for insurance reasons.

Vendors:

26. All goods will be held insured against the risks of fire, burglary

and water damage, for which Welsh Auctions include in the

sellers premium.

27. The value of the goods so covered shall be the gross amount

realised, or in the case of unsold lots the highest bid, or in the

case of lots prior to a sale that which the specialised staff of

Welsh Auctions shall in their absolute discretion, estimate to be

the auction value of goods.

28. Welsh Auctions reserve the right to store or arrange the storage of goods delivered to them for sale 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

salerooms without sufficient sale instructions.

29. Welsh Auctions declaims all responsibility for loss or damage of goods or for unauthorised removal of goods unless caused by negligence of their employees.

30. All goods are put up for sale without reserve at the discretion of

the Auctioneer, unless Welsh Auctions receives written

instructions as to reserve prior to the commencement of the

sale. Lots which carry an agreed reserve shall be charged at 5% of the agreed reserve price in the event of the lot being unsold after the auction. Inclusion of such lots in further sales are at the discretion of the management.

31. Any lots bearing a reserve that fail to sell and are not collected by the vendor within 7 days of the sale will be automatically

entered into the next available auction with any reserves reduced by 50%. Unreserved lots that fail to sell will be automatically entered into the next available sale. If the item fails to sell for a second time, then the seller must make arrangements to collect the item within 7 days of the end of the sale. Failure to collect the unsold item will attract a storage fee of £5.00 per lot per day. ANY lots not collected after attracting a £35 storage fee will be sold unreserved to cover any cost or will be disposed of without further notice.

32. Welsh Auctions will include the cost of post, packing & insurance to any item entered into our online shop and this will be reflected in the actual selling price online. Therefor, the sale price shown online will include these charges. These charges are not payable by the seller and settlement to the seller will be nett of these charges.

33. The vendor will duly indemnify Welsh Auctions in connection

with any goods sold on the vendor’s behalf.

34. (Auction) Settlement is a maximum of 7 days after completion of sale, less auction charges, provided the buyer has paid us in full. If an e-mail address and bank details are not provided, we can send sale notifications by post and make payment by Cheque. Due to the postal and bank charges involved this service incurs an additional cost of £4.50 per sale.

35. (Shop) As we have to allow 14 days for potential returns, settlement for items sold in our online shop, will be made on the 21st day following the sale of your item if the item has not been returned. We will of course inform you as soon as your item has been sold in any case.

36. All catalogued lots withdrawn prior to auction will incur a fee

equal to 10% of the lower estimate or 10% of the reserve price,

whichever is highest, plus a £10 fixed fee per lot.

Charges summary:

37.

Buyer’s Premium 23% of sale price
Credit Card Surcharge 3% of total bill
Basic Sellers Commission 15% of sale price
£2 per item for online shop entries plus 15% commission
£4.50 bank / postal charges if no bank account details provided for payment.
Point 34 above fee if applicable.