IMPOR TANT INFORMAT ION FOR BUY E R S
Absentee Bids If instructed we will execute bids and advise intending purchasers. No charge is made for this service. Lots will always be bought as cheaply as is allowed by such other bids and reserves as are on our books. In the event of identical bids, the earliest will take precedence. Always indicate a ‘top limit’ – the amount to which you would bid if you were attending the auction yourself. ‘Buy’ or unlimited bids will not be accepted.
All bids must be confirmed in writing, by fax or e-mail and should be received by 18:00 on the day before the auction. Although we will endeavour to execute all late bids, Dix Noonan Webb cannot accept responsibility for any bids received on the day of the auction itself.
Commission Form Further advice to bidders and purchasers may be found on the commission form included with this catalogue. Please use this form when sending bids to us.
Buyers’ Premium A buyers’ premium of 20% on the hammer price (plusVAT if resident in, or lots are deliveredwithin, the EuropeanUnion) is payable by the buyer on all lots.
Pre-sale Estimates The pre-sale estimates are intended as a guide for prospective purchasers. Any bid between the listed figures would, in our opinion, offer a fair chance of success. However all lots, depending on the degree of competition, can realise prices either above or below the listed estimates.
Methods of Payment All payments must be made in pounds sterling. Payment may be made by transfer direct to Dix NoonanWebb’s account at:
Lloyds TSB Piccadilly London Branch 39 Piccadilly London W1J 0AA Sort Code: 30-96-64
Swift Code: LOYDGB2L IBAN: GB70LOYD30966400622865
Alternative methods of payment which will enable immediate clearance of purchases include cash, bankers drafts, credit cards (Master Card, Visa and American Express) and debit cards. Although personal and company cheques are accepted, buyers are advised that property will not be released until such cheques have cleared.
Please note that we will not accept cash payments in excess of £5,000 (five thousand pounds) in settlement for purchases made at any one auction.
Purchases will be despatched as soon as possible upon receipt of your written despatch instructions and full payment in pounds sterling for the lots you have bought. Carriage will be at the buyer’s expense. Estimates and advice on all methods of despatch can be provided upon request.
All credit card payments are subject to an additional charge of 3 per cent.
Insurance cover will be arranged unless otherwise specified and will be added to the carriage charge.
Clearance of Purchases Buyers who have not established a credit arrangement with Dix Noonan Webb will be asked to pay for their purchases in pounds sterling when they wish to take possession of them. It is regretted that Dix NoonanWebb cannot take banker’s references over the telephone at the time of clearance and that buyers cannot take possession of their purchases until cheques are cleared.
If buyers wish to pay for their purchases by cheque they are urged to arrange clearance of their cheques well in advance of the sale by supplying appropriate banker’s references.
Buyers will be requested to supply a reasonable means of identification at the time of payment.
Lots will only be released to the purchaser, or his or her authorised representative, if full payment in pounds sterling has been received by Dix NoonanWebb, together with settlement of any charges due.
Account No: 0622865 BIC: LOYDGB21085
Please include your name, account number and invoice number with the instructions to the bank.
CONDI T IONS OF BUS INE S S Conditions mainly concerning Buyers
1 The buyer The highest bidder shall be the buyer at the ‘hammer price’ and any dispute shall be settled at the auctioneer’s absolute discretion. Every bidder shall be deemed to act as principal unless there is in force a written acknowledgement by Dix NoonanWebb that he acts as agent on behalf of a named principal.
2 Minimum increment The auctioneer shall have the right to refuse any bid which does not exceed the previous bid by at least 5 percent or by such other proportion as the auctioneer shall in his absolute discretion direct.
3 The premium The buyer shall pay to Dix NoonanWebb a premium on the ‘hammer price’ in accordance with the percentages set out in paragraph 4 above and agrees that Dix NoonanWebb, when acting as agent for the seller, may also receive commission from the seller in accordance with Condition 15.
4 Value Added Tax (VAT) The buyers’ premium is subject to the current rate of Value Added Tax if the purchaser is resident in the European Union.
5 Payment Immediately a lot is sold the buyer shall: (a) give to Dix Noonan Webb his or her name and address and, if so requested, proof of identity; and
(b) pay to Dix Noonan Webb the ‘total amount due’ in pounds sterling (unless credit terms have been agreed with Dix Noonan Webb before the auction). Please note that we will not accept cash payments in excess of £5,000 (five thousand pounds) in settlement for purchases made at any one auction.
6 Dix NoonanWebb may, at its absolute discretion, agree credit terms with the buyer before an auction under which the buyer will be entitled to take possession of lots purchased up to an agreed amount in value in advance of payment by a determined future date of the ‘total amount due’.
7 Any payments by a buyer to Dix Noonan Webb may be applied by Dix Noonan Webb towards any sums owing from that buyer to Dix Noonan Webb on any account whatever, without regard to any directions of the buyer, his or her agent, whether expressed or implied.
8 Collection of purchases The ownership of the lot(s) purchased shall not pass to the buyer until he or
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