IMPORTANT INFORMATIO N FO R BU Y ERS


Absentee Bids It is recommended that absentee bids are placed using our online advance bidding facility, which is available on our website at www.dnw.co.uk Bids placed in this way cannot be seen by others and do not go live until the actual moment that the lot in question is being offered for sale. All bids can be easily altered or cancelled by the bidder prior to this point. An automated email will be sent confirming all bids and alterations.


A valid email address is required to bid online.


There is no additional charge for online bidding and it is not necessary to pre-register a payment card in order to do so.


While we are still happy to execute all bids submitted in writing or by telephone, fax, etc, it should be noted that bids left with us will be entered at our offices using the same bidding facility to which all clients have access. There is, therefore, no better way of ensuring the accuracy of your bids than to execute them yourself online.


While online bids can be placed up until the moment a lot is offered for sale, all other bids made to the office must be confirmed in writing, by fax or by email, and should be received by 15.00 on the day before the auction. Although we will endeavour to execute late bids, Dix Noonan Webb Ltd cannot accept responsibility for any bids received later than this.


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 by post or fax.


Buyers’ Premium A buyers’ premium of 20% on the hammer price (plus VAT if resident in, or lots are delivered within, 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.


All lots are automatically reserved at the bid step which reflects


80% of the lower estimate, unless otherwise instructed by the buyer.


Methods of Payment All payments must be made in pounds sterling within five days of the end of a sale unless credit terms have been made by prior arrangement.


The best way to make payment is by Visa, MasterCard or American Express credit or debit cards via our website, www.dnw.co.uk. Carriage and insurance is pre-calculated for you, so that you may pay immediately. Payment may also be made by transfer direct to Dix Noonan Webb’s account at:


Lloyds


Piccadilly London Branch 39 Piccadilly London W1V 0AA Sort Code: 30-96-64


Swift Code: LOYDGB2L IBAN: GB70LOYD30966400622865


Account No: 00622865 BIC: LOYDGB21085


Please include your surname, client code and auction date with the instructions to the bank. Alternative methods of payment which may enable immediate clearance of purchases include cash, recognised banker’s drafts, credit cards (Visa, MasterCard 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 fully cleared and cannot be subject to recall, which may take two weeks. Third party payment is not accepted, except by prior arrangement.


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 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.


Insurance cover at the rate of 1.5% will be arranged unless otherwise specified and will be added to the carriage charge for non-UK deliveries.


CONDIT ION S OF BUSIN E SS 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 or she acts as agent on behalf of a named principal. Bid will be executed in the order that they are received.


2 Minimum increment The auctioneer shall have the right to refuse any bid which does not conform to Dix Noonan Webb’s published bidding increments, which may be found at www.dnw.co.uk and in the bidding form included with the auction catalogue.


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 section 3 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 lot is delivered to the purchaser within the European Union. Lots marked ‘x’ are subject to importation duty of 5% on the


hammer price unless re-exported outside the EU.


5 Payment Immediately a lot is sold the buyer shall: (a) confirm 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 within five working days of the end of the sale (unless credit terms have been agreed with Dix Noonan Webb before the auction). Please note that, as stated above, 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 Noonan Webb 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 she has made payment in full to Dix Noonan Webb of the ‘total amount due’ in pounds sterling.


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