Trading Terms & Conditions
Trading Terms & Conditions
MEWS AUCTION ROOMS LIMITED
TERMS & CONDITIONS OF TRADING
1. Mews Auction Rooms Limited [hereinafter referred to as ‘MARL’] will be open for trading during the following hours and days: -
Monday 09:00 – 17:00 To receive entries for sale
Tuesday 09:00 – 17:00 To receive entries for sale
Wednesday 09:00 – 13:00 To receive entries for sale [Depending on Volume, Entries after Tuesday may be deferred to the following Friday]
Thursday - Closed No admission is possible for any reason
Friday 11:00 – 18:00 For Viewing 18:00 - 21:00 For Auction
2. Entries for sale will only be accepted and subsequently sold subject to these Terms & Conditions.
3. Sellers warrant good title to any and all goods presented for auction, free of any bill of sale, hire purchase or leasing agreement or any other third party rights and indemnify MARL against any and all claims against them in respect thereof.
4. MARL reserves the right to decline to sell any item for any reason.
5. Lots described by MARL rely on the information provided by the Seller. Where no information is provided by the Seller, MARL will use its best endeavours to accurately describe and attribute every item offered for sale, but accepts no liability for any inaccuracy, discrepancy, error or omission inadvertently made by MARL and/or the Seller.
6. All Lots are sold ‘as seen’ and the maxim caveat emptor applies to all and every Lot offered for sale. Prospective Bidders are encouraged to thoroughly inspect any Lot before bidding. On the fall of the Auctioneer’s gavel, a contract is made and no change of mind will be entertained. Any latent dispute over the item's condition or description is a matter which must be resolved between the Seller & the Buyer.
7. Lotting up of items will be at MARL’s sole discretion.
8. Entries which are sold are subject to the deduction of MARL’s selling commission which is currently 15% inclusive of VAT.
9. Every unsold Lot and every Lot which does not attain a hammer price of £12 will be subject to a minimum selling commission of £2. MARL's 15% Sales Commission will not apply to these Lots. MARL may waive this Condition at will and subject to negotiation with the Seller.
10. Seller commission and any other relevant charges will be deducted from the Seller’s accounting.
11. Lots which have a Reserve Price will not be charged commission if unsold unless the Seller insists on a Reserve Price which in MARL's sole judgement, MARL advises is unrealistic and if the Seller proceeds against such advice, the Seller will be charged selling commission at the stated rate if unsold.
12. Lots may have Reserve Values for one sale only, thereafter the item[s] should be removed by the Seller/Owner within 48 hours or offered for sale at the next available auction without Reserve and Seller's commission may be charged on each offering and the eventual sale price in accordance with Clause 11 above.
13. Once a Lot has been entered for Sale, the Seller may withdraw the item, but if such withdrawal is after the item has been Lotted and advertised as being for sale, MARL is entitled to charge an Administration fee of £10 per item.
14. All prospective Bidders must complete a Bidder Registration form in full before they are provided with a Buyer number and permitted to bid.
15. All Bidders must possess and show the auctioneer a Bidding Number or their bid will not be recognised or accepted.
16. The fall of the Auctioneer’s gavel will be final and create a formal agreement for purchase/sale and ownership of the item will transfer, subject to the winning Bidder’s cleared payment. Bidding on any Lot will not be re-opened.
17. Some Lots may be offered for sale with the option to purchase other similar or identical Lots at the same hammer price. The Auctioneer will announce such ‘option’ Lots before opening the bidding and at the fall of the hammer the winning Bidder will be asked if they wish to ‘stand on’ the option Lot[s].
18. No Lot will be sold at less than £2.
19. Bids on Lots will be advanced as follows: -
£2 - £50 in £2 bids
£50 - £100 in £5 bids
£100 - £300 in £10 bids
£300 - £1000 in £20 bids
£1000 - £2000 in £50 bids
£2000 - & above in £100 bids
20. Bids are made subject to the addition of MARL’s Buyer commission which is currently 15% [inclusive of VAT] of the hammer price which will be added to the winning Bidder’s account.
21. Ownership of any item/Lot by winning bid[s] will not pass to the Buyer unless and until the Buyer’s account is paid in cleared funds.
22. Any Bidder reneging on the contract of sale of any item[s] will be prohibited from attending any future sales unless they pay a cash deposit to be held by MARL to ensure their future probity. The amount of any such deposit will be at MARL’s sole discretion and is not negotiable.
23. Any person/Buyer/Bidder who removes any item which is not theirs or is not scheduled on their Buyer Summary whether or not such removal is inadvertent, by error or by mistake will be required to return the item in the same condition as it was removed. All such items will be subject to an Administration Charge of £10. Any person who has so acted in accordance with this Clause will be prevented from Bidding in any future sale until the Administration Charge[s] has/have been paid.
24. Any Buyer will be prohibited from bidding at any future auctions until their Buyer accounting has been paid in full.
25. Unsold items must be removed by the Owner/Seller by the next Tuesday following the auction date.
26. Bought and paid for items must be collected by the Buyer/Owner by the next Tuesday following the auction date.
27. Unless otherwise agreed in advance, any and all unsold items not removed by the Tuesday following the date of sale will be subject to £2 a day storage charges in respect of each item. Items will be stored for 7 days only and they will be disposed of at a cost of £5 per item. The storage/disposal/re-sale costs will be deducted from the Seller’s account for this and/or other/future items. This will not limit MARL’s right to recover costs by other legal actions.
28. Unless otherwise agreed in advance, any and all sold items not collected by the next Tuesday following the date of sale will be subject to £2 a day storage charges in respect of each item. Items will be stored for 7 days only and they will either be disposed of at a cost of £5 per item or offered for re-sale at auction. Refunds will not be made. The storage/disposal/re-sale costs will be deducted from the Buyer’s account for this and/or other/future items. This will not limit MARL’s right to recover costs by other legal actions.
29. MARL does not presently charge the Seller for Lotting-up, photography or insurance. Any change to this policy will be advised before any items are accepted for sale. No charge is made for any entries to a sale which has been delivered to MARL at the cost of the Seller. If the Seller requests MARL to collect any item[s] for sale, MARL will arrange and monitor the collection and the cost thereof will be advised to the Seller. The Seller can then opt to reimburse MARL for those costs or Marl will deduct the incurred costs from the proceeds of sale before accounting and paying the net proceeds to the Seller. If the cost of collection and the Seller commission exceeds the net proceeds of sale, the Seller is liable to repay MARL the outstanding balance. This will not limit MARL’s right to recover costs by other legal actions.
30. MARL accepts no responsibility or liability for any items or Lots stolen or damaged after entry for sale.
31. Sellers can be paid as soon as practically possible after sale and when the Seller reasonably requests.
32. MARL is registered for VAT and VAT is inclusive in the 15% Commission Fees and is in addition to any other Changes or Fees payable to MARL.
33. CCTV is in operation and recordings are kept on hard disc for review, training and theft interrogation.
34. Theft will not be tolerated. Anyone caught stealing any item will be banned from future auctions for life and will also be reported to the police.
35. Anyone seen mixing Lots, placing an item already lotted up in one Lot into a box with a different Lot number, removing Lot numbers or switching Lot numbers will be required to leave and will be banned for life.
36. Payments may be made by cash, cheque [subject to clearance], BACS, Credit/Debit Card.
37. No one under the age of 18 will be permitted to bid.