| Safety Regulations
We reserve the right to refuse lots which we consider to be in breach
of statutory safety or other regulations. Second-hand electrical goods
will only be accepted if accompanied by a safety certificate signed
by a competent qualified electrician.
Delivery of Lots
Entries can be made and must be delivered to the sale field by the latest,
Friday 9th November. However, only entries received before
31st October will be included in the auction catalogue. Brown &
Co reserve the right to refuse entries considered unsuitable for the
sale.
Loss or Damage
We accept no liability whatsoever in respect of loss or damage to any
machine or article entered for sale.
Commission
Commission will be charged at 10% for parts and 5% for vehicles subject
to a minimum per entry form of £5.
Reserve Prices
These must be notified on the entry form. No reserve of less than £25
can be accepted. We will charge an entry fee on unsold lots based on
2½% of the reserve price.
Lot Removal
Unsold lots must be removed from the sale field on sale
day. We accept no responsibility for the loss or damage
of lots at any period. Any goods left after the sale day will, without
notice, either be sold by us at the expense of the owner, or returned
to him carriage forward.
Conditions of Sale
The sale will be conducted under our usual ‘Lincolnshire’ Conditions
of Sale a copy of which is available on request and which will be displayed
at the sale.
Hire Purchase
We will not offer for sale any articles subject to the conditions of
a hire purchase agreement unless the existence of such an agreement
is disclosed to us, at least 20 days prior to the sale and all consents
necessary to the sale obtained prior to the date of the sale.
Default
The auctioneers shall not be considered responsible for any default
on the part of either the purchaser or the vendor and any remedy shall
be against them only and not the auctioneers.
Value Added Tax
For the purposes of VAT only, the auctioneers will be deemed to be the
principal in the sale of each lot. For VAT registered vendors we will
collect the tax from each purchaser and pay the tax to the vendors who
should, in turn, account for it as if the goods had been sold to the
auctioneer.
Vendor’s commission is subject to VAT at the prevailing rate.
Brown & Co operate a separate clients account which is maintained
and audited in accordance with the RICS Members Account Regulations.
There is a clients money protection scheme available. Brown & Co
are entitled to the benefit of monies held in the clients account.
The proceeds of the sale will be paid over to you after 10 working days
following the sale in order to allow purchaser’s cheques to be cleared
through our bank. In accounting to you we will be entitled to offset
any sums due to us in respect of fees, commissions, expenses and VAT.
Commission
Our commission and VAT will be deducted from the proceeds of sale and
we will issue a receipted VAT invoice at the time of accounting to you.
Each vendor will be charged a proportion of the sale expenses which
will be calculated by reference to the percentage of the total sale
proceeds which their items achieve. This amount will be subject to
a cap of £50.
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