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Northern Realisations Ltd

Terms & Conditions for Bidspotter.com auction buyers

(1) These Conditions

These conditions, together with any which may be detailed in any other Notice to Purchasers issued with this catalogue, or displayed for the attention of Purchasers elsewhere, are the only Terms & Conditions subject to which Northern Realisations Ltd ( referred to hereinafter as "the Auctioneer"), as Agents for the Vendor, will sell goods to a purchaser (referred to hereinafter as "the Bidder"). All other conditions as may be lawfully excluded, are hereby excluded.

(2.) Auction Practice

The Auctioneer may, at its discretion, or upon the instructions of the Vendor:

2a) Alter or withdraw any or all lots referred to in this catalogue up to the time that the hammer falls in relation to such lots.

(2b) Withdraw from sale any lot upon which a reserve price has been placed, when the highest bid does not meet the reserve.

(2c) Where two or more consecutive lots are similar in quantity and description, offer the bidder of the first item the option of taking the second and subsequent lots, at the same price.

(2d) Each lot shall be sold to the highest bidder and in the event of a dispute arising between bidders, such dispute will be resolved in such manner as the Auctioneer may in its absolute discretion determine.

(2e) The Auctioneer may refuse to accept any bid, or may itself bid on behalf of any Third Party.

(3) 10% Buyer’s Premium

The Buyer will pay the Auctioneer a Premium of 10% plus VAT at the prevailing rate upon the "Hammer Price" of each lot. The Premium is not negotiable, and is payable by all purchasers.

(4) Bidder Registration

.Bids may only be placed by parties who have completed the necessary registration and pre-authorisation required by the i-bidder portal

(5) Means of Payment

The Auctioneer will accept payment by the following means:

Bank Transfer,

Cash( subject to a maximumof £2000 at any one sale ,

Bankers Draft – only accepted during banking hours and subject to our verification from the issuing bank

(6) VAT

The Price at which the Bidder purchases each lot will be subject to VAT at the prevailing rate

The Auctioneer does not operate the VAT refund scheme

(7) Payment and Clearance of Purchases

Payment for items bought at the auction must be made before the close of business on Wednesday 2nd March 2016

The Bidder will only remove lots from the Auctioneer’s premises at the direction of the Auctioneer, and within the time set by the Auctioneer for the clearance of goods No lots will be removed by any Bidder until that Bidder has settled his account for all lots purchased.

(8) Buyers Risk

The Bidder is advised to effect any insurance arrangement necessary in respect of all risks arising from this tranactions

(9) Warranties

The Auctioneer has used its best endeavours to ensure that the descriptions contained, within this catalogue are correct, and where the Auctioneer is able so to do, any amendment to the catalogue will be published upon the Catalogue Amendment sheet which is displayed and circulated to Auction visitors. The Bidder relies upon such descriptions at its own risk .The Bidder is advised to inspect any lots for which it intends to bid in order to verify the accuracy of the description. The Auctioneer, on its own behalf, and on behalf of the Vendor hereby excludes all liabilities for any loss or damage sustained by the Bidder as a result of , or in connection with , a defect in any lot purchased, comprised in the catalogue, or its addenda, the failure of any lot to fulfil the functions for which, they were intended by the Bidder or any loss or damage occasioned thereof prior to their removal from the Auctioneer’s premises.