#NOR LYX GUN RACK FULL#
(1) The ownership of any Lots purchased shall not pass to you until you have made payment in full to us of the Total Amount Due. (2) Any payments by you to us may be applied by us towards any sums owing from you to us on any account whatever without regard to anyĭirections of you or your agent, whether express or implied. (b) Pay to us the Total Amount Due in cash or in such other say as is agreed by us. (a) Give to us, if requested, proof of identity, and
(Please refer to “Information for Buyers”įor a brief explanation of the VAT position). Value Added Tax is chargedĪt the appropriate rate prevailing by law at the date of sale and is payable by buyers of relevant Lots. Value Added Tax on the Hammer Price is imposed by law on all items affixed with an asterisk or double asterisk. The buyer shall pay the Hammer Price together with a premium thereon of 22% + V.A.T (26.4% inclusive). (e) Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.īidding increments shall be at the Auctioneer’s sole discretion.
(c) Bidders shall be deemed to act as principals. The Auctioneer shall act reasonably in exercising this discretion. (b) The maker of the highest bid accepted by the Auctioneer conducting the sale shall be the buyer at the Hammer Price “the buyer” and anyĭispute about a bid shall be settled at the Auctioneer’s absolute discretion by reoffering the Lot during the course of the auction or otherwise. (a) Bidders are required to register their particulars before bidding and to satisfy any security arrangements before entering the auction room to (h) The singular includes the plural and vice versa as appropriate and words importing any Gender include either gender. refer to the buyer as identified in Condition 2. (f) “Sale Proceeds” means the net amount due to the seller, being the Hammer Price of the lot sold less commission at the stated rate, ValueĪdded Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising (e) “Total Amount Due” means the Hammer Price in respect of the lot sold together with any premium, Value Added Tax chargeable and anyĪdditional charges payable by a defaulting buyer under these Conditions Instructions from sellers or their agents (d) “Terms of Consignment” means the stipulated terms and rates of commission on which Peter Wilson Fine Art Auctioneers Ltd accepts
(c) “Hammer Price” means the level of bidding reached (at or above any reserve) when the Auctioneer brings down the hammer Materially less than it would have had if it had been in accordance with the description Which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value (b) “Deliberate Forgery” means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but (a) “Auctioneer” means the firm of Peter Wilson Fine Art Auctioneers Ltd or its authorised Auctioneer, as appropriate Peter Wilson Fine Art Auctioneers Ltd carries on business with bidders, buyers and all those present in the auction room prior to or inĬonnection with a sale on the following Conditions of Sale and on such other terms, conditions and notices as may be referred to herein.