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CONDITIONS FOR VENDORS
GENERAL CONDITIONS OF ACCEPTING GOODS FOR SALE
Goods to be entered in a Sale are accepted subject to the following terms and conditions:-
Goods must be delivered to the Sale Rooms by the Vendor no later than the published closing date for the anticipated sale and only delivered on designated bringing-in days.
All Goods submitted for sale must be owned by the Vendor or the Vendor must have the authority of the owner to sell the goods on their behalf.
A Vendor’s code must be obtained from the Office before any goods can be accepted.
Details of all goods to be sold must be listed by the Vendor and one of our Assistants on an Entry Form.
All items must be labelled with the Vendor’s code prior to acceptance. Auctions at Wareham Limited cannot be responsible for non labelled items.
Auctions at Wareham Limited reserve the right to separate or combine items submitted for sale by a Vendor into such lots as deemed, by Auctions at Wareham Limited , to be in the best interest of both parties.
Where goods are assets of a Vendor’s business which is registered for VAT purposes details of the VAT particulars must be advised in writing to Auctions at Wareham Limited.
Auctions at Wareham Limited reserve the right to refuse acceptance of any goods, especially those deemed by Auctions at Wareham Limited to be unsuitable for sale or un-saleable.
No electrical items can be sold without having first been tested for electrical safety and must be fitted with a safety plug. A fee of £1 per item is charged for electrical safety testing.
No foam filled furniture manufactured before 1989 can be sold by Auctions at Wareham Limited.
Reserve Prices. If possible reserve prices should be agreed with our Auctioneers or Staff at the time of delivery or prior to the Auction. Reserve prices below £10 cannot be accepted. Auctions at Wareham Limited reserves the right to sell any item attracting a bid within 10% of the Reserve. An Offering Fee of £1 each will be charged on Reserve priced goods not-sold.
Auctions at Wareham Limited reserve the right to charge Vendors full Buyer's Fees and Charges when, by accident or design, Vendors successfully bid for their own goods under hammer.
Payments:- Auction proceeds will normally be available within 14 days of the sale, except when a Purchaser’s payment has not cleared.
< £10 - Vendors with payments of less than £10 will be expected to collect their payments in cash from our Office.
³ £10 - Vendors with payments of £10 and over will be posted a cheque to settle their payment unless cash is requested for collection from our Office.
N.B. Auctions at Wareham Limited reserve the right to make payments by cheque or cash at their discretion.
All goods not-sold and requested by the vendor not to be re-entered must be collected by the Vendor within 4 days of the sale or minimum storage charges of £5 per week per item will be charged, larger items will incur higher charges and Vendors will be notified of these when applicable. When goods are not collected within 4 weeks of the sale, the goods will be disposed of by Auctions at Wareham Limited at their discretion and Vendors will be charged as applicable dependant upon the method of disposal.
Any item with a Reserve which is not-sold, may be entered into the next suitable sale with the Reserve automatically reduced by 15% unless Auctions at Wareham Limited is informed otherwise.
Sale and Other Charges are applicable as follows:-
a) An Entry Fee of £1 per lot per sale.
b) A Commission of 10% will be charged on the sale proceeds.
c) Electrical Safety Test £1 as applicable.
d) Storage Fee £5 minimum as applicable
e) Disposal Fee £5 minimum as applicable
f) A charge of 1.5% per lot will be added for Insurance.
g) VAT will be added to all charges and fees .
N.B. All charges and fees will be applied at the discretion of Auctions at Wareham Limited and are subject to change at any time.