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Tuesday 3 February 10am - 4pm Wednesday 4 February 8. As is widely recognised, modern consumer protection law, whether it stems from the UK or the EU, is having a steadily increasing impact on the sale of chattels by auction. Furthermore, the Unfair Terms in Consumer Contracts Regulations apply to auction sales and lay down an indicative, non-exhaustive, list of standard terms which may be regarded as unfair and therefore not binding on the consumer.
The auctioneer meets possible consumers at two points. Firstly, the seller is a consumer of the auctioneers services. Secondly, buyers, though not primarily contracting with the auctioneer, who is merely an agent for the seller, nevertheless normally contract on standard conditions laid down by the auctioneer as agent.
Some of these conditions create a direct contract between buyer and auctioneer. It is designed to reflect the law at the start of the new millennium and provide what protection is reasonable for the seller, the auctioneer and the buyer in respect of duties and liabilities arising in the numerous transactions which take place throughout England and Wales. The authors had in mind general and specialised sales of chattels, including fine art.
Many auction houses have hitherto made little attempt to separate these two fundamental documents and essentially use one set of conditions of sale with a short further document for vendors. It is, of course, essential that sellers are aware of and consider themselves bound by the relevant conditions of sale.
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If it were not so, the auctioneer would have no authority, for example, to give to buyers royal doulton identifying marks dating benefit of any anti-forgery clause. Finally, it is of course essential that buyers and sellers are bound by relevant conditions. The golden rule is that all parties should have notice of the relevant terms and conditions before or at the time of the making of the contract.
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Introduction: The following informative notes are intended to assist Buyers, particularly those inexperienced or new to our salerooms.
Our staff will be happy to help you if there is anything you do not fully understand.
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Agency: As auctioneers we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. Accordingly, if you buy your primary contract is with the seller.
Estimates: Estimates are designed to help buyers gauge what sort of sum might be involved for the purchase of a particular lot. The lower estimate may represent the reserve price and certainly will not be below it.
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Estimates are prepared some time before the sale and may be altered by announcement before the sale. They are in no sense definitive and are subject to constant revision.
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In addition, VAT is payable on this premium see below. To clarify, bidding live webcast auctions are NOT sales governed by Distance Selling Regulations — you were given the opportunity to view, even if you did royal doulton identifying marks dating.
Lots which appear without either of the above symbols indicate that no VAT is payable on the hammer price. VAT will be charged as set by Government at the time of sale.
Condition and description of lots. We are primarily, agents for the seller.