 |
|
|
|
|
AUCTION CONDITIONS OF ENTRY 2008
CLICK
HERE FOR ENTRY FORM
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 must be delivered to the sale field on
Friday 9th November. However, onlentries
received by the 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 tractors 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. 
|
|
|
|
