Reemans do not themselves undertake the collection or deliveries of goods but will, if so requested instruct a contractor on the seller’s or buyer’s behalf. The value of such goods shall be the gross amount realised or in the case of unsold lots, such values as the Auctioneers in their discretion consider to be the auction value or the reserve price less the commission payable.ġ4. All goods on Reemans premises or in their custody are held insured against the risks of fire, burglary, water damage and accidental damage.

Any surplus that may arise there from shall not be recovered by the defaulter.ġ3. Upon failure to comply with the above conditions, the money deposited shall be forfeited and the lots uncleared within the time aforesaid shall be re-sold either by public sale or private contract and the deficiency (if any) upon such second sale together with all charges attending same shall be made good by the defaulter of the present sale. No cheques taken unless satisfactory references are given.ġ2. Every person while on the premises before, during or after the sale shall be deemed to be there at his or her own risk and with notice of the condition of the premises and no person shall have or make any claim against the seller or Auctioneers in respect of any injury they may sustain or any accident which may happen.ġ1. In this case no settlement will then be made but we will take the seller’s instructions in the light of our conditions of sale.ġ0. Settlement of the net sum normally takes place within 14 days of the sale (by crossed cheque to the seller) unless the buyer has not paid for the goods. All lots are to be paid and taken away at the buyer’s expense within 3 days from the sale. Reemans shall be entitled to a lien on any lot sold until the purchase price has been paid. The property in a lot shall not pass to the buyer until he has paid the purchase price in full. The Auctioneers have the right at their discretion to withdraw or divide any lot or to combine any two or more lots.ĩ.

In the event of any reserve price not being reached at auction, Reemans are empowered to sell after the auction, by private contract, at not less than the reserve price, subject to a 10% Auctioneers discretion. The seller shall be entitled to place a reserve price on any lot and the Auctioneer shall have the right to bid on behalf of the seller. Any person attending the Sale Room to be answerable for all damage they may do to any lots or to the premises.Ĩ. No warranty is given or is to be implied by the description in this catalogue.ħ. Each and every lot shall immediately at the fall of the hammer to be considered as delivered and be and remain in every aspect at the absolute risk of the prospective buyer(s) thereof and shall be taken with all faults and errors of description, whether as to quality, condition, material, date, artist or origin and no allowance shall be made in respect of any error, misdescription or imperfection. The contract of sale is to be deemed in all cases as made exclusively with the Auctioneers and the payment is to be made to them or the Clerk only.Ħ. The remainder of the buyer’s money to be paid before delivery. The buyers to give in their names and addresses (if required) and to pay a deposit of 25% in part payment of the purchase money in default the lot or lots purchased by them to be at the disposal of the Auctioneers.

The ‘final bid’ means the price at which the lot is knocked down to the buyer.ĥ. chargeable on the final bid and such premium. The purchase price payable by the buyer shall be the aggregate of the final bid and a premium of 20% of the final bid together with any V.A.T. The Auctioneer has the right at his absolute discretion to refuse any bid and to advance the bidding as he may decide.Ĥ.

The highest bidder acceptable to the Auctioneer shall be the buyer but if any dispute arises during or immediately after the sale of the lot, the lot may be put up again immediately at the absolute discretion of the Auctioneer.ģ. Reeman Dansie Limited trading as Reeman Dansie (hereby referred to as ‘Reemans’) act only as Auctioneers and agents and their representatives is hereafter referred to as ‘The Auctioneer’.Ģ.

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