ABA AUCTION LTD
AUCTIONEERS & VALUERS
23-24, MARKET STREET, YEOVIL, BA20 1JG
TELEPHONE: 01935 431059 – EMAIL: ABAAUCTIONLTD@GMAIL.COM
TERMS & CONDITIONS OF SALE APPLICABLE TO VENDORS
No goods will be accepted for sale other than under these Terms and Conditions of Sale
Standard Selling Commission is 20%.
The Auctioneer will hold all goods on his premises and in his custody covered against the risk of fire, burglary and water damage (but not against accidental breakage or damage). The value of the goods so covered shall be that which the Auctioneer shall in his absolute discretion estimate to be the auction value of such goods and the Auctioneer shall not be responsible for damages to or the loss, theft or destruction of any goods not so insured. The charge for this service is included in the commission.
3. Instructions and Reserves
All goods delivered to the Auctioneers premises will be deemed to be delivered for sale by auction and will be catalogued and sold accordingly. Reserves given by telephone are accepted at the senders risk and must be confirmed in writing to arrive prior to the Sale, otherwise the Auctioneer will not be responsible for the application of reserves. In the absence of written instructions to the contrary all goods will be offered to sale without reserve at the Auctioneers discretion.
In the absence of any written instructions to the contrary the Auctioneers may sell such goods at a minimum of two thirds of the bottom estimate places upon such goods by the Auctioneers.
In the event that a vendor wishes to change a reserve price prior to a sale shall inform the Auctioneers in writing not less than 48 hours prior to such sale. In the event that the vendor fails to do so then the Auctioneers shall be entitled to withdraw the relevant lot or lots from the sale.
4. Agency and Payment
Payment to the vendor is made 28 days after the Sale. However, the Auctioneer acts throughout as agent only and is not responsible for any default by the buyer. He disclaims liability for paying the vendor until he has received settlement from the purchaser.
5. Value Added Tax
Aba Auction ltd are not registered for VAT, So clients are not subject to any VAT charge
6. Third Party Liability
Every person on the Auctioneers premises at any time shall be deemed to be there at his own risk with notice of the condition of the premises and of the method of arranging furniture etc., He shall have no claim against the Auctioneer in respect of any injury he may sustain or any accident which may occur in respect of death or personal injury caused by negligence of the Auctioneers.
7. Warranty of Title
The Vendor warrants to the Auctioneers that he is the true owner of the goods accepted for sale pursuant to those terms and conditions and is able to transfer goods and marketable title to such goods from any third party claims, liens or encumbrances. The vendor agreed to indemnify the Auctioneers, its servants and agents against any loss or damage suffered by them as a consequence of any breach or alleged breach of the warranty contained in this Clause 7.
Vendors should note that the Misrepresentation Act 1967 may in certain circumstances render a Vendor liable to a Purchaser in respect of disputed catalogue descriptions even though they have been made innocently and in good faith.
Items illustrated in the catalogue will be charged at a rate of £4.00 per item. Which allows four mediums which is live internet auction, Timed internet auction, Ebay shop & retail shop.