Lowestoft
Auction Room
Auction Room
BUYERS PREMIUM
17.5% + VAT will be added to your Invoice
CASH, DEBIT or CREDIT CARD.
It is regretted that cheques can no longer be accepted.
BIDDING
Each buyer should procure a “BIDDING NUMBER” under which they bid to buy. At the fall of the hammer, the successful purchaser should clearly identify their number to the Auctioneer.
COMMISSION BIDS
We will be pleased to execute bids on behalf of buyers unable to attend Sales, after registering no charge is made for this service. Lots will be purchased as cheaply as permitted by other bids and reserves. Commission Bid Forms for completion before the commencement of each sale, are available from the Salesroom. Bids left by telephone or facsimile will be accepted only on the condition that they are at the sender’s risk.
PAYMENT
When you have concluded your purchase/s you should hand your Bidding Number to the Sales Office; pay for the items purchased; obtain a receipt for the goods purchased, hand the copy of your receipt to a Porter, who will collect and hand your goods to you.
All items are to be paid for and collected by the end of the third working day after an auction. Failure to do so may result in a £1 per lot per day storage and handling fee.
Please do not collect your own goods, as mistakes can occur, and you may well be challenged by staff which, of course, may cause offence.
CONDITIONS OF SALE
The highest accepted bidder shall be the Purchaser. If any dispute arises between the bidders, or any mistakes be made, the lot will be put up again at the bidding immediately prior the dispute, or the Auctioneer may declare the Purchaser.
The advance in the biddings to be regulated by the Auctioneer, who is to be the sole arbiter in the matter of dispute or mistake. He also reserves to himself the right to refuse any bidding, to bid on behalf of the Vendor in the case of lots (if any) upon which there is a reserve; to withdraw, consolidate or divide any lot or lots; to submit the lots in any order, without the regard to the position of the same in catalogue; as may be deemed advisable.
Each and every lot shall, at the fall of the hammer, be considered as delivered, and no lot or lots can be removed until the whole amount of the Purchasers account shall be paid in full, and payment is to be made to the person appointed to deliver. No warranty is given or to be implied by the description in the catalogue, and no guarantee is given with any lot. The lots having been on view are sold with all faults, imperfections and errors of description.
All lots must be paid for and cleared away from the premises at the Purchaser’s expense and risk, no later than 2pm on the day of the sale, unless prior arrangements have been made, in default of which the Auctioneers will not hold themselves in any way responsible if the lots be lost, stolen, damaged or destroyed and they will remain at the sole risk of the Purchaser.
Any damage caused by removal or otherwise must be made good by the person committing the same, principals being considered responsible for the acts of their servants, such damage to be assessed by the Auctioneers.
The Auctioneers reserve the right of making an allowance for the whole, or any portion of, a lot not delivered from any cause whatsoever – at the same rate at which such lot was purchased, inasmuch as the Auctioneers act only as Agents for the Vendor, they shall not be considered personally responsible for any default on the part of either the Vendor or Purchasers.
Any lots not collected by the appointed time, agreeably with the conditions, will be forfeited, and may be resold or warehoused at the expense of the Purchaser, any deficiency arising for Re-Sale, together with warehouse charges, and all attendant expenses shall be made good by the Purchaser.
Value Added Tax will be charged on lots as advertised, at the current rate.
All articles designed to be powered by electricity are required to be tested for safety. Failure of the electric safety test will result in the lot being withdrawn from the sail. No warranty as to Condition or age is given by the Auctioneer or Vendors, nor is any to be implied.
Purchasers of computers and related items are reminded that the Auctioneers and their Vendor Clients are selling the Hardware only, and NOT any Propriety Software.
Prospective Purchasers are reminded that Sales by Auction are not Consumer Sales for the purpose of the Unfair Contracts Terms Act, 1977. They should therefore inspect the goods in which they are interested before bidding.
The acceptance of all the above conditions as terms of contract of sale is and to be a term of and/or a condition predetermined to bidding of any lots receiving delivery of the said goods so auctioned and/or sold.
It should be noted that the Auction Rooms, its staff or consigners do not condone, support or otherwise promote any item or article sold through the Auction Rooms belonging to or related to any political, military, religious or other groups all items are sold as an independent lot.
HEALTH & SAFETY AT WORK ACT 1974
It is expressly brought to the bidders attention that, at the time of sale, any item or equipment contained in the lot(s) may not necessarily comply with health & Safety at Work Etc. Act 1974 or any other Act or Regulations there under governing the use of plant, machinery or equipment in a working environment. Successful Bidders for any such equipment at a place of work within the United Kingdom does not contravene such relevant Act or Regulation there under applicable thereto.
FOOD & DRINK
Members of the public are not to consume food or beverages purchased outside the property in the Auction Rooms.
Commission on the sale of all items is charged at 15% of the amount realised, with a minimum charge of £3. In the event of goods failing to reach the Reserve price, 5% or £5 whichever is the greater’ of that reserve price is charged. Commission will be subject to VAT at the current rate.
The charges includes a share of the Auction sale expenses which include advertising, preparation of catalogues and pre-sale circulars, postage, porters, clerks and other incidental expenses.
Unless otherwise instructed in writing, all goods on Lowestoft Auction Rooms / John M Peyto & Company Ltd.’s premises shall remain at all times at the risk of the seller or consignor, and neither Lowestoft Auction Rooms / John M Peyto & Company Ltd or their servants or agents will be responsible for any accidental loss, damage or breakage of any description, whether caused by negligence or otherwise.
All goods entered for sale will be inspected by the Auctioneers’ representatives and included in the next Auction considered appropriate within the programme of Auctions held by Lowestoft Auction Rooms / John M Peyto & Company Ltd., or other facilities within the Group. The Auctioneers reserve the right to reject any item(s) so entered.
The seller or consigner of electrical or mechanical goods warrants and undertakes to Lowestoft Auction Rooms / John M Peyto & Company Ltd. that at the date on which the same are consigned to Lowestoft Auction Rooms / John M Peyto & Company Ltd. or put under Lowestoft Auction Rooms / John M Peyto & Company Ltd.’s control, that the same are safe if reasonably used for the purpose for which they were designed, and free from defect not obvious on external inspection which could prove dangerous to human life or health and will indemnify Lowestoft Auction Rooms / John M Peyto & Company Ltd., its servants and agents against any loss or damage suffered by any of them in consequence of any breach of the above warranty and undertaking.
The seller or consigner of Electrical Goods shall pay a Safety test Fee to Lowestoft Auction Rooms / John M Peyto & Company Ltd. commensurate with the charges applicable at that time. This fee may be required to be paid in advance of the sale perchance the items to be sold do not reach a price to disburse this fee.
Items for sale are accepted on the strict understanding that they will not be withdrawn subsequently. in the event of withdrawal prior to sale the Auctioneers reserve the right to charge a fee representing 5% of the value of the item(s) entered, or £5 per item, such a value to be assessed by the Auctioneers acting as experts. The decision of the Auctioneers in such an event shall be deemed final.
Sellers and consigners must ensure that all items entered for sale are delivered to the Salerooms at the times arranged by the Auctioneers, the items will be examined for suitability and condition before the entry form is completed.
All goods entered for sale will be sold without a Reserve unless written notification to the contrary is given at the time of entry and is noted on the entry form.
Any item entered for sale with a Reserve price and remaining Unsold at the first sale will, if not collected by the seller or consigner, be automatically re-entered for the following appropriate Auction(s) with the Reserve Price reduced by 25% each time, until sold.
The Auctioneers reserve the right to make a charge at their standard rate on un-collected lots to defray storage and additional handling costs after the third working day. If such storage remains unpaid for 1 month, the Auctioneers may, at any time thereafter, dispose of the goods either by selling without reserve to defray these charges, or by tipping.