IMP O R T A N T I N F O RMA T I O N F O R BU Y E R S
All lots in DNW auctions are automatically reserved at the bid step which reflects 80% of the lower estimate figure, unless otherwise instructed by the vendor.
All multiple lots (lots containing two or more items) with the exception of designated sets of coins or banknotes, are sold as viewed and not subject to return. Buyers are strongly recommended to view such lots.
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 email 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 (plus VAT if resident in the European Union) is payable by the buyer of 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 Noonan Webb’s account at:
Lloyds TSB Piccadilly London Branch 39 Piccadilly London W1V 0AA Sort Code: 30-96-64
Swift Code: LOYDGB2L IBAN: GB70LOYD30966400622865
Please include your name, account number and auction date with the instructions to the bank.
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, charge card and non-UK debit card payments are subject to an additional charge of 2 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 Noonan Webb 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.
Account No: 00622865 BIC: LOYDGB21085
Lots will only be released to the purchaser, or his or her authorised representative, if full cleared payment in pounds sterling has been received by Dix Noonan Webb, together with settlement of any charges due.
CO N D I T I O N S O F BU S I N E 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 Noonan Webb 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 Noonan Webb a premium on the ‘hammer price’ in accordance with the percentages set out in paragraph 4 above and agrees that Dix Noonan Webb, 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. Lots marked ‘x’ in dark blue are subject to importation duty of 5% on the hammer price unless exported outside the EU.
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.
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