IMPORTANT: PLEASE SEE PAYMENT TERMS ON OUR WEBSITE USING THE LINK BELOW

Payment Terms

Information for Buyers

Telephone bids must be booked by 5pm on the day prior to the auction. We cannot accept telephone bids on the day of the auction.

Condition Reports

Trevanion Auctioneers & Valuers LLP take great care to ensure that any statements as to attribution, age, date, origin, provenance and condition are reliable and accurate but it should be noted that all such statements are skilled opinions prepared with due care, if provenance (written or historical fact) cannot be produced. However, Trevanion Auctioneers & Valuers do not guarantee that condition reports, whether included in the catalogue, or given at a later time, cover all aspects of an item(s) condition.

Sale of Clocks and Watches

All clocks, watches and mechanical items are sold on behalf of vendors by Trevanion Auctioneers and Valuers strictly on an "As Found" basis. No guarantee or warranty is issued or given in anyway, either written or verbal and therefore refunds will not be issued on the basis of the Lot not being "in working order", "incomplete", or "not in original condition". Trevanion Auctioneers & Valuers would respectfully ask that prospective buyers view Lots in person, wherever issues regarding condition are seen as important to them, satisfying themselves as to the condition, completeness and originality of any Lot on which they intend to bid.

1. INTRODUCTION

The following informative notes are intended to assist Buyers of Trevanion Auctioneers and Valuers LLP (henceforth referred to as Trevanion), particularly those inexperienced or new to our saleroom or online bidding platforms. All sales are conducted according to our printed Conditions of Sale which are readily available for inspection in person, and on our websites. Our staff will be happy to help you if there is anything you do not fully understand.

2. AGENCY

As auctioneers we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. Accordingly, if you buy, your primary contract is with the seller.

3. ESTIMATES

Estimates are designed to help buyers gauge what sort of sum might be involved for the purchase of a particular lot. The lower estimate may represent the reserve price or may be above the reserve price. Estimates do not include the Buyer’s Premium or VAT (where chargeable). Estimates are prepared some time before the auction and may be altered by announcement before the sale. They are in no sense definitive.

4. BUYER’S PREMIUM

The Conditions of Sale oblige buyers to pay a buyer’s premium of 24% on the hammer price of each lot purchased. In addition VAT is payable on this premium at the standard rate, presently 20%.

5. VAT

The addition of (*) or (VAT applied on hammer price) to the lot description indicates that VAT is payable by the purchaser at the standard rate, presently 20%, on the hammer price as well as being payable on the buyer’s premium. This imposition of VAT is likely to be because the seller is registered for VAT within the European Union and is not operating the Dealers Margin Scheme or because VAT is due at 20% on importation into the UK. Lots which appear without either of the above symbols indicate that no VAT is payable on the hammer price. This is because such lots are sold using the Auctioneers’ Margin Scheme and it should be noted that the VAT included within the premium is not recoverable as input tax.

6. ARTIST’S RESALE RIGHTS / DROIT DE SUITE

Lots as indicated in the catalogue and if sold for the equivalent of €1000 or more on the day of the auction will be subject to a further percentage of the hammer price as follows: From €0 to €50,000 subject to 4% From €50,001 to €200,000 subject to 3% From €200,001 to €350,000 subject to 1% From €350,001 to €500,000 subject to 0.5% Exceeding €500,000 subject to 0.25% The Artist’s Resale Right payable will be the aggregate of the amounts payable under the above rate bands, subject to maximum royalty payable of €12,500 for any single work each time it is sold. Calculations of the artist’s resale right will be based on the pound sterling/Euro reference exchange rate quoted on the date of sale by the European Central Bank.

7. AGENTS

We are, primarily, agents for the seller. We are dependent on information provided by the seller and whilst we may inspect lots and act reasonably in taking a general view about them we are normally unable to carry out a detailed or any examination of lots in order to ascertain their condition in the way in which it would be wise for a buyer to do. Intending buyers have ample opportunity for inspection of goods and, therefore, accept responsibility for inspecting and investigating lots in which they may be interested. Please note carefully the exclusion of liability for the condition of lots contained in the Conditions of Sale. Neither the seller nor we, as the auctioneers, accept any responsibility for their condition. In particular, mechanical objects of any age are not guaranteed to be in working order nor or wristwatches, watches, clocks or timepieces.

8. ELECTRICAL GOODS

These are sold as ‘antiques’ or ‘decorative’ items only and if bought for use must first be checked for compliance with safety regulations by a qualified electrician.

9. COLOURED GEMS

It is common practice for gemstones to be treated in order to enhance colour and clarity. Unless stated, buyers should presume coloured stones may well have been exposed to some sort of treatment.

10. EXPORT OF GOODS

Buyers intending to export goods, should ascertain

(a) whether an export licence is required and

(b) whether there is any specific prohibition on importing goods of that character because, e.g. they may contain prohibited materials such as ivory.

11. BIDDING

Bidders are required to register with us before the sale commences and lots will be invoiced to the name and address on the registration form. Photographic identification is required if you are unknown to us. Please enquire in advance about our arrangements for telephone bidding.

12. ABSENTEE BIDDING (COMMISSION & TELEPHONE BIDDING)

Absentee bids may be left with the auctioneers indicating the maximum amount to be bid excluding the buyers’ premium. They will be executed as cheaply as possible, with regard to the reserve (if any) and competing bids. If two buyers submit identical absentee bids the auctioneers may prefer the first bid received. Please enquire in advance about our arrangements for leaving absentee bids by telephone or email. Please ensure bids are left at least one hour prior to the start of the auction.

If you would like to telephone bid, this must be requested and booked by 5pm the day before the auction. Telephone lines are allocated the night prior to the auction and as such, no telephone bid requests can be processed on auction day.

13. LIVE ONLINE BIDDING

(a) An online bidding service is offered via auctions.trevanionanddean.com, easyliveauction.com and the-saleroom.com. In completing the bidder registration on these sites the buyer is agreeing to Trevanion Auctioneers & Valuers LLP Conditions of Sale.

(b) Please note that any lots purchased online whether live bidding or absentee bidding, will be subject to an additional commission charge as outlined below:

Trevanion Live an additional 2% + VAT

easyliveauctions.com an additional 3% + VAT

the-saleroom.com an additional 4.95% + VAT

(c) Trevanion offers online bidding services as a convenience to its clients, but neither Trevanion nor the seller will be responsible to you for errors during or after the sale or failures to execute bids, either live bids or absentee bids placed on the internet or on your mobile device, including, without limitation, errors or failures caused by:

(i) any loss of connection to the auction being conducted online;

(ii) a breakdown or problems with the online bidding software or the website service provider; and/or

(iii) a breakdown or problems with any internet connection, computer, mobile device or system.

14. METHODS OF PAYMENT

Payment for items purchased at auction can be made via bank transfer or debit card.

Debit or credit card payments will not be accepted on items of silver or gold, or invoices over £1000 purchased at our auctions. Payments for these items must be made via bank transfer prior to collection.

All international payments must be made via Bank Transfer (Credit or debit card payments will not be accepted).

We do not accept payment by cash or cheque.

Any invoice not settled within one week of the auction will incur a £20+ VAT late payment charge.

Payments for purchases by credit or debit card in our auctions can only be processed in person or via telephone in order to comply with the Payment Card Industry Data Security Standard (PCI DSS). We are unable to process payment details given electronically (this includes email and text), this will help to protect our business and our customers from the increasing risk and growing threat of card fraud. Thank you for your co-operation in this matter, please telephone our Accounts Manager on 01948 800 202 or arrange a bank transfer, details of which are provided on your invoice.

Your attention is drawn to our Terms and Conditions below.

TERMS AND CONDITIONS OF BUSINESS

Trevanion Auctioneers & Valuers LLP hereafter known as Trevanion

(“the Conditions”)

A – GENERAL CONDITIONS

1 – Definitions

1.1 In these conditions:

“the Auctioneer” means the representative of Trevanion conducting the auction.

“Bought-in” means unsold, having failed at Auction to reach the Reserve.

“the Buyer” means the bidder (including a commission bidder under Condition 27) whom Trevanion has accepted by the fall of the auctioneer’s hammer.

“the Catalogue” means any advertisement, brochure, price list or other publication relating to the auction published on behalf of Trevanion.

“Dangerous Substances” any natural or artificial substance capable of causing harm to any living organism supported by the environment, or damaging the environment or public health or welfare.

“Environmental Law” all laws, regulations, codes of practice, circulars, guidance notices and the like (whether in the UK or elsewhere) concerning the protection of human health or the environment or the conditions of the work place or the generation, transportation, storage, treatment or disposal of Dangerous Substances.

“Expenses” means Trevanion charges for illustrations, special advertising, insurance, import, packing and freight and any other expenses and VAT on these amounts.

“Hammer Price” means the price at which a Lot is knocked down by the Auctioneer to the Buyer.

“Lot” means any item or items of any kind accepted by Trevanion with a view to its or their sale at auction.

“the Purchase Price” means the Hammer Price in pounds sterling together with any premium inclusive of VAT chargeable and additional charges and expenses due from a defaulting buyer under Condition 27.

“the Reserve” means the minimum Hammer Price set by the Seller at which a Lot may be sold and otherwise subject to Condition 6.

“the Sale Proceeds” means the net amount due to the Seller, being the Hammer Price less commission at the Stated Rates and Expenses and any other amounts due to Trevanion.

“the Seller” means the seller or prospective seller of any Lot.

“Special Goods” means boats, motor vehicles, firearms and mechanical and electrical goods.

“the Stated Rates” means Trevanion’s published rates of commission for the time being and VAT.

“Storage Charges” means charges imposed by Trevanion in respect of the removal, storage and transportation of any Lot.

“VAT” means Value Added Tax.

1.2 The heading and divisions in General Conditions, Seller’s Conditions and Buyer’s Conditions in these Conditions are for convenience only and shall not affect their interpretation.

1.3 In these Conditions the singular includes the plural and the masculine indicates the feminine and neuter.

2 – General

2.1 Trevanion acts as agents for the Seller (except where it is expressly stated to be selling as principal) and is not responsible for any default by the Seller or Buyer.

2.2 Trevanion has the right to refuse admission to its premises or attendance at its auction by any person. All persons are admitted to Trevanion premises to attend an auction on the basis that they have notice of these Conditions.

2.3 The copyright in all illustrations and written matter (including the Catalogue) relating to each Lot is the absolute property of Trevanion and no person may use or copy the same without the prior written consent of Trevanion.

2.4 Trevanion makes every effort to ensure that the Catalogue and description of the Lot are accurate but Trevanion makes no warranty to that effect.

2.5 All Statements whether made verbally or in the Catalogue are statements of opinion only and neither Trevanion or its employees or agents will be responsible for the accuracy of any opinion given. Each Lot is sold by the Seller with any and all errors of description, faults and imperfections.

2.6 Trevanion has the right to divide any Lot or combine two or more Lots, refuse any bid, withdraw any Lot from auction or (in the case of dispute) put any Lot up for auction again. The Auctioneer shall have the right to advance the bidding as he may decide.

2.7.1 Trevanion shall be under no liability for any damage or loss sustained by any person while on Trevanion’s premises or while attending auctions conducted by Trevanion except for death or personal injury caused by the negligence of Trevanion, its employees and agents.

2.7.2 Trevanion shall not be liable for any damage caused by the Seller or the Buyer to third parties or their property while on Trevanion premises or on any other premises from which Trevanion are conducting auctions.

2.8 In the event of a sale after the auction of any Lot by private treaty the Seller and the Buyer agree to be bound by these Conditions and any agreed special conditions of sale.

2.9 These Conditions shall be the only terms applicable to the sale of any Lot at an auction conducted by Trevanion.

2.10 Any notice by Trevanion to a Seller, prospective Seller, consignor, prospective bidder or Buyer may be delivered by hand, sent by first class mail or air mail or facsimile to the address last notified to Trevanion and shall be deemed to be received:

2.10.1 If hand delivered, at the time of delivery.

2.10.2 If sent by facsimile within 8 hours of transmission during business hours.

2.10.3 If sent by mail within 48 hours of posting if posted to an address within the UK and 7 days of posting if posted to a country outside the UK.

2.11 All transactions to which the Conditions shall apply shall be governed by English Law. In the event of any dispute between Trevanion, the Seller and the Buyer concerning the sale of any Lot at an auction conducted by Trevanion, the matter shall be referred to a single arbitrator to be agreed upon by the parties or in default of agreement to be nominated by the President for the time being of the Royal Institute of Chartered Surveyors in accordance with the Arbitration Act 1950 or any statutory modification if re-enactment of it for the time being in force.

2.12 Data protection – Use of your information. Where Trevanion obtain personal information about you, Trevanion shall only use it in accordance with the terms of our privacy policy (subject to any additional specific consent(s) you may have given at the time your information was disclosed). A copy of our privacy policy can be requested by email, post or in person.

B – SELLER’S CONDITIONS

3 – Instructions

All goods delivered to Trevanion premises or into Trevanion custody shall be presumed to be delivered for sale by auction unless otherwise stated in writing and will be sold at auction by Trevanion. By delivering any goods to Trevanion each Seller or prospective Seller agrees to be bound by these Conditions. Trevanion will not collect goods for sale at auction unless otherwise agreed. Where Trevanion agrees to collect any such goods, the risk in such goods remains with the Seller. The Seller shall be responsible for insuring such goods until they arrive at Trevanion premises; thereafter they will be covered by Trevanion insurance under the provisions of clause 7 provided the Seller pays Trevanion the applicable insurance premiums.

4 – Warranties

4.1 The Seller warrants Trevanion and to the Buyer that he is the true owner of the Lot or is authorized by the true owner to sell the Lot and (in either case) is able to transfer good and marketable title to the Lot free from any liens, charges or third party claims. When the Selling is authorized by the true owner to sell the Lot, the Seller must name the owner and produce such written evidence of his authority as Trevanion may request.

4.2 If the Seller is selling a Lot not held by Trevanion on its premises or under its control, the Seller warrants and undertakes to Trevanion and the Buyer that upon demand by the Buyer, the Lot will be available and will be in a deliverable state.

4.3 The Seller warrants that all information supplied to Trevanion in connection with the Lot is to the best of his knowledge, information and belief accurate.

5 – Indemnity

The Seller shall indemnify Trevanion and the Buyer against any claims made for loss, damage, costs or expenses suffered by either or both of them as a result of a breach of any of the warranties contained in conditions 4 and 9.

6 – Reserves

6.1 The Seller may place a Reserve on any Lot prior to the commencement of the auction but once placed, a Reserve may only be changed with the prior written consent of Trevanion. A change to a Reserve may also be agreed verbally as between Trevanion and the Seller, but in such case neither Trevanion not its employees or agents be liable for any neglect, default or failure to act in connection with any such verbal alteration, unless written confirmation is received by Trevanion prior to the commencement of the auction.

6.2 When the Seller is the executor or administrator of an estate and gives Trevanion discretionary instructions to sell a Lot on his behalf, Trevanion may, at its sole discretion, sell the Lot without Reserve or place a Reserve on the lot.

6.3 If no Reserve is placed as stated above a Lot will be sold without Reserve. The Seller may not bid for his own Lot, but Trevanion as auctioneers reserve the right to bid on behalf of the Seller (including the right to make consecutive bids) up to the amount of the Reserve in respect of any Lot which is the subject of a Reserve. The Auctioneer reserves the right to use his sole discretion at the auction in respect of Lots sold without Reserve.

6.4 Trevanion shall be entitled to sell Lots at a Hammer Price of at least 90% of the Reserve, unless the Seller instructs Trevanion otherwise in writing prior to the commencement of the auction.

6.5 Trevanion shall be entitled to sell lots at a Hammer Price below 90% of the Reserve but in such cases the Seller shall be entitled to such Sale Proceeds as would have resulted if the sale had been at 90% of the Reserve (or the Sale Proceeds if greater), unless the Seller has instructed Trevanion that the discretion referred to in condition 6.4 shall not apply.

7 – Risk of Loss or Damage

7.1 Unless otherwise instructed, Trevanion will assume risk of loss or damage to any Lot property (other than special goods) consigned to it or put under its control for sale until whichever is the earlier of the ownership of the property in the Lot passing from the Seller, or the Seller or Buyer becoming bound to collect the Lot.

7.2 Trevanion liability for loss or damage to any Lot will not exceed the amount estimated by Trevanion to be, from time to time, the current value of the Lot at auction, less Trevanion commission and Expenses together with any storage charges, not in any event will it exceed.

7.2.1 The Hammer Price less Trevanion commission and Expenses if the Lot has been sold.

7.2.2 The Reserve, less Trevanion’s commission and Expenses if the Lot has not been sold after being offered for sale and the Reserve has been determined.

7.2.3 (Insurance limit per claim).

7.3 In no event will Trevanion be liable for damage to glass or picture frames (or cleavage of stones) whether forming the whole or part of any Lot, or depreciation in value following repairable damage in any Lot.

7.4 Trevanion, its servants and agents shall have no liability in connection with loss or damage to any Lot caused by.

7.4.1 Any third party instructed to deal with the Lot with the Seller’s or Buyer’s consent.

7.4.2 Changes in humidity or temperature.

7.4.3 Inherent conditions or defects.

7.4.4 Error in processing.

7.4.5 War, nuclear radiation or radioactive contamination.

7.5 In all cases, save where Trevanion is to assume the risk of loss or damage, the Lot shall remain at all times at the risk of the Seller or (as provided in condition 22.1) the Buyer and neither Trevanion nor its servants or agents will be responsible for any loss or damage to the Lot whether caused by negligence or otherwise.

7.6 If the seller instructs Trevanion not to assume risk of loss or damage for a Lot, and following expiry of any period of risk assumed by Trevanion pursuant to the above, it shall at all times remain at the risk of the Seller who hereby undertakes:

7.6.1 To indemnify Trevanion against all claims made against Trevanion in respect of loss or damage of the Lot.

7.6.2 To reimburse Trevanion on demand for all payments, costs or expenses, including legal fees incurred by Trevanion as a result of claims referred to in condition 7.6.1.

7.6.3 To waive all rights and claims he may have against Trevanion its servants and agents in connection with such loss or damage referred to in condition 7.1.

7.6.4 To notify his insurer of the existence of the indemnity contained in this Condition, and to procure a waiver of subrogation by such insurer of all claims they may have against Trevanion in connection with loss or damage referred to in Condition 7.1.

8 – VAT

If any Lot is an asset of the Seller’s business, the Seller must notify Trevanion or the Auctioneer on delivery of the Lot to Trevanion whether or not he is registered for VAT purposes and if so, his registered number and whether or not he intends to operate the VAT Used Goods Scheme covering amongst other goods, works of art and antiques.

9 – Special Goods and Dangerous Substances

9.1 The Seller of any Lot containing Special Goods or Dangerous Substances warrants and undertakes to Trevanion that as at the date when the same are put under Trevanion control:

9.1.1 They are safe (if used for the purpose for which they were designed) and free from any defect which might cause personal injury or death; and

9.1.2 They comply with all applicable legislation such as (but not limited to) the Health and Safety at Work Act 1974 as amended from time to time, Health and Safety Regulations and Dangerous Substances Regulations.

9.2 The Seller of any Lot containing Dangerous Substances warrants and undertakes to Trevanion that as at the date when the same are put under Trevanion control:

9.2.1 The Seller has obtained all requisite environmental licenses and approvals required by Environmental Law; and

9.2.2 The Seller has complied with all Environmental Law and environmental licenses, which are applicable to the Dangerous Substances.

9.3 The Seller agrees to indemnify Trevanion, its employees and agents against any loss or damages suffered by any or all of them as a result of any breach of any of the warranties contained in this condition 9 or any negligence of the Seller, its employees and agents.

9.4 The Seller acknowledges that Trevanion are the Seller’s agents and for the purposes of all legislation applicable to the Special Goods and Dangerous Substances, including, but not limited to Health and Safety legislation and regulations and Consumer Protection Act 1987, the Seller acts as consignor and supplier.

10 – Photographs and Illustrations

The Seller gives Trevanion the absolute right to photograph and illustrate any Lot and to use such photographs and illustrations (and any photographs and illustrations provided by the Seller) as it may see fit (whether or not in connection with the auction at which the Lot is to be offered for sale). Trevanion have absolute discretion on the illustration of any Lot in the catalogue at the Seller’s expense up to a maximum of £75 for black and white and £200 for colour (with any VAT chargeable thereon).

11 – Commission and Expenses

11.1 Trevanion shall be entitled to deduct commission at the Stated Rates and Expenses from the Hammer Price.

11.2 The minimum vendors commission is £10 + VAT

11.3 The Seller acknowledges Trevanion right to retain the premium payable by the Buyer under Condition 19 hereof.

12 – Payment of Sale Proceeds to the Seller

12.1 Trevanion shall pay the Sale Proceeds to the Seller not later than 28 days after the auction if the Purchase Price had been received by Trevanion from the Buyer. Notwithstanding that the Seller has not received the Sale Prices, he will transfer the title in the Lot to the Buyer in accordance with Condition 23.2.

12.2 If the Buyer has not paid the Purchase Price to Trevanion with the 28 days period mentioned in Condition 12.1 Trevanion shall pay the Sale Proceeds to the Seller not later than 7 working days after the date on which the Purchase Price is received.

12.3 If the Buyer fails to pay the Purchase Price within 28 days after the auction Trevanion will notify the Seller who will instruct Trevanion as to the appropriate course of action to take and if in the opinion of Trevanion such action is practicable, it will endeavour to assist the Seller to recover the Purchase Price, but Trevanion shall be under no obligation to institute proceedings against the Buyer in its own name. If Trevanion do not receive instructions from the Seller or if in the opinion of Trevanion such proposed course of action is not practicable for whatever reason then Trevanion shall be entitled to:

12.3.1 Agree terms with the Buyer for the payment of the Purchase Price.

12.3.2 Remove, store and insure the Lot sold.

12.3.3 Settle claims made by or against the Buyer on such terms as Trevanion shall in its absolute discretion think fit.

12.3.4 Take such steps as are necessary to collect the monies due from the Buyer; and

12.3.5 Where necessary, rescind the sale of the Lot and refund any monies paid by the Buyer.

12.4 If not withstanding that Buyer fails to pay to Trevanion with the Purchase Price, Trevanion remits to the Seller the Sale Proceeds the ownership of the Lot shall pass to Trevanion.

13 – Rescission of the Sale

13.1 If the Buyer makes a claim to rescind the sale on the basis of Condition 28.2 and in Trevanion opinion that claim is justified, or Trevanion decides to rescind the sale on the basis of Condition 12.3.5, Trevanion may rescind the sale without further reference to the Seller and refund to the Buyer any amount already paid in respect of the Lot.

13.2 If the Seller has received any monies in respect of the sale of a Lot and that sale is rescinded as mentioned in Condition 13.1 Trevanion has the right to recover such monies from the Seller.

14 – Withdrawn Lots

14.1 If the Seller cancels his instructions for sale at any time, Trevanion reserves the right to charge a fee of 20% of either the latest estimate of the auction price of the Lot or (if one has been placed) the Reserve placed on the Lot (as the case may be) plus in either case VAT and expenses. Minimum charge £20.

14.2 Upon withdrawal of the Lot the Seller shall arrange for the collection and removal of the Lot at his own expense on or before two working days after the date of withdrawal. In the event that the Seller fails to remove the Lot by the agreed time, Trevanion reserve the right to dispose of the Lot/s and retain all proceeds to cover storage costs. (see Storage charges applicable to Sellers)

14.3 Any legal fees, experts’ fees and other expenses that Trevanion may incur investigating any claim concerning ownership of the Lot shall be borne by the Seller, who shall reimburse to Trevanion all such fees and other expenses on a full indemnity basis.

15 – Unsold Lots

15.1 If any Lot fails to sell at auction Trevanion will notify the Seller who shall either arrange for its removal from Trevanion the day following the auction or instruct Trevanion to re-offer the Lot for sale, if applicable.

15.2 In the event that the Seller fails to remove the Lot by the agreed time, Trevanion reserve the right to dispose of the Lot/s and retain all proceeds to cover storage costs (see Storage charges applicable to Sellers) or donate the lot to charity, whichever they see fit.

16 – Private Sales

If after 28 days of notification of any unsold Lot or withdrawn Lot the Seller has failed to collect the Lot, the Seller hereby authorizes Trevanion to sell that Lot by private treaty and to deduct from the sale price any sums owing to Trevanion including but not limited to commission up to one half of the Stated Rates, and Expenses.

C – BUYER’S CONDITIONS

17 – Inspection

Buyers and prospective Buyers are deemed to have satisfied themselves before bidding by inspection or otherwise as to (but not limited to) the physical condition (including defects) of the Lot and its description in the Catalogue. Buyers and prospective Buyers should note the provisions of General Conditions 2.4 and 2.5 in relation to descriptions of the Lot in the Catalogue.

18 – The Buyer

18.1 Any dispute as to who is the Buyer of any Lot shall be settled by Trevanion.

18.2 Every bidder at an auction run by Trevanion shall be deemed to act as principal unless prior to the start of the auction Trevanion has been given a written acknowledgement that a bidder is acting as agent for a named principal.

18.3 In accordance with Artists Resale Rights Regulations 2006 all lots marked (†) which sell for 1,000 Euro or more are subject to a resale royalty charge (“Royalty”). This Royalty is payable by the Bidder. The Royalty will be charged at a rate of 4% of the total hammer price (exclusive of Bidder’s premium which is payable under clause 8a) for lots selling for amounts up to 50,000. For lots selling in excess of 50,001, the Royalty shall be calculated at a reduced rate (details available on request). The Royalty is not subject to VAT and is payable in sterling calculated on the day of sale at the prevailing rate of exchange. Payment shall be passed directly to the Design and Artists Copyright Society (DACS) 33 Great Sutton Street, London EC1V 0DX. For further information please contact the Auctioneers or DACS on 0845 4103410 or visit their website at www.dacs.org.uk

18.4 In accordance with Money Laundering Regulations and the Criminal Justice Act of 1993 Trevanion will no longer accept single cash payments exceeding €9999.00.

19 – Buyer’s Premium

Where a Buyer’s Premium is levied it shall be 22% inclusive of the Hammer Price + VAT. The Buyer also acknowledges that Trevanion may receive commission from the Seller in accordance with Condition 11 hereof.

20 – VAT

Where VAT is payable by the Buyer on the Hammer Price this is indicated in the Catalogue by an asterix.

21 – Commission Bids

21.1 Prospective Buyers are advised to attend in person auctions runs by Trevanion. However Trevanion will if so instructed execute written bids up to a specified limit from prospective Buyers sent by post or facsimile transmission to Trevanion in advance of an auction or (at Trevanion discretion) bids by telephone made by or on behalf of prospective Buyers before the auction. The Buyer shall deliver any instructions regarding commission bids whether delivered by post, facsimile transmission, telephone or in person to the appropriate employee of Trevanion, being the Auctioneer or an employee authorised to accept such instructions. Neither Trevanion nor its employees or agents will be liable for any neglect, default or failure to act in connection with any commission bids.

21.2 In the event that Trevanion has received commission bids on a Lot for identical amounts and at auction those commission bids are the highest bids for the Lot, subject to Condition 18.1 and to Trevanion ultimate discretion it shall be sold to the person whose commission bid was received first.

22 – Title and Risk

22.1 Upon the acceptance of a bid (indicated by the fall of the hammer) by Trevanion.

22.2.1 A contract of sale for the Lot in question is completed between the Buyer to which Trevanion is not a party and will not be liable for any breach thereof by either the Seller of the Buyer.

22.2.2 The Lot will be at the sole risk of the Buyer who shall forthwith show his bidding registration card or give his full name and permanent address and if called upon to do so by the Auctioneer shall forthwith pay to Trevanion such proportion of the Purchase Price as the Auctioneer may require. Failure by the Buyer to do so may (at the Auctioneer’s sole discretion) lead to the Lot being put up again and re-sold.

22.3 Legal title to the Lot will not pass to the Buyer until the Purchase Price has been paid (and all monies cleared) in accordance with Condition 23.3. Trevanion shall be entitled to a lien on any Lot sold until the Purchase Price has been paid in accordance with Condition 23.3.

23 – Payment

23.1 A prospective Buyer must if practicable prior to an auction register to bid and must then give Trevanion his full name and permanent address and if requested by Trevanion banking or other suitable references.

23.2 The Purchase Price must be paid to Trevanion no later than 7 days following the auction.

23.3 Full payment for all Lots must be made to Trevanion by means of banker’s draft, cash or telex transfer in pounds sterling. Where the Buyer wishes to pay by cheque, the Lot will not be released to the Buyer until the cheque has been cleared unless arrangements have been made with Trevanion prior to the date of the auction.

23.4 Any payments by a Buyer to Trevanion may be applied by Trevanion towards or set off against any sums owing from that Buyer to Trevanion on any account whatever regardless of any directions of the Buyer or his agents, whether express or implied.

24 – Removal of purchased Lots

24.1 No Lot may be removed by the Buyer until the Purchase Price has been paid in full and the monies cleared in accordance with Condition 23.3.

24.2 Subject to Condition 24.1, if the Buyer shall not remove (and arrange for transport/ carriage) at his expense any Lot purchased by him within 5 days of the Sale, then the Buyer shall pay to Trevanion the Storage Charges.

24.3 In the event that the Buyer fails to remove the Lot within two weeks of the Sale, Trevanion reserve the right to dispose of the Lot/s and retain all proceeds to cover storage costs.

25 – Responsibility for purchased Lots

25.1 As the risk in respect of a Lot will pass to the Buyer from the fall of the hammer (as provided by Condition 22.1), the Buyer will be responsible for any loss or damage to the Lot from that time.

25.2 The Buyer of a Lot being a “motor vehicle” is responsible for complying with the provisions of the Road Traffic Act 1988 and all relevant regulations made thereunder (including the Motor Vehicles Construction and Use Regulations 1986) and statutory modifications thereof and for ensuring that any necessary test certificate is in force.

25.3 The Buyer shall be solely responsible for obtaining any export licence or any other certificate or authority (including but not limited to a firearm certificate) required in connection with a Lot. Trevanion will not deliver Lots (being firearms) to Buyers without production of evidence of compliance with all UK firearm regulations.

25.4 The Purchaser of any Lot containing Dangerous Substances agrees to comply with all Environmental Laws and the terms and conditions of all environmental licences and approvals required by Environmental Law, which are applicable to Dangerous Substances.

25.5 The Purchases agrees to comply with laws regarding the sale of ivory and is aware that these items cannot be shipped outside of the EU. CITES permits may be required to export and import items containing ivory.

26 – Non-Payment or failure to collect

If a Lot is not paid for in full and removed in accordance with Conditions 23 and 24, Trevanion as agents for the Seller shall without further notice to the Buyer at its absolute discretion be entitled to exercise one or more of the following remedies (without prejudice to any other rights it may have):

26.1 Issue legal proceedings against the Buyer for damages for breach of contract.

26.2 Rescind the sale of the Lot and re-sell the Lot by auction, private treaty or any other means.

26.3 Charge the Buyer all the charges and expenses of the re-sale (including but not limited to) any commissions for the rescinded sale which remain unpaid and the deficiency (if any) between the Hammer Price of the resale and the Hammer Price of the rescinded sale.

26.4 Remove, store and insure the Lot at the expense of the Buyer (see Storage Charges applicable to Buyers).

26.5 Charge interest on the Purchase Price at a rate not exceeding 4% per month to the extent that it remains unpaid for more than 5 working days after the date of the auction.

26.6 Retain any Lot knocked down to the Buyer at the same time or any other auction until payment of a Purchase Price by the Buyer.

26.7 Exercise a lien on any other property of the Buyer in Trevanion possession for any purpose.

26.8 Rescind the sale of that Lot or any other Lot knocked down to the Buyer at the same or any other auction.

26.9 Reject or ignore any bids made by or on behalf of the defaulting Buyer at any future auctions or obtain a deposit before accepting any bids from the Buyer in the future.

26.10 Dispose of the Lot/s purchased by the Buyer and retain all proceeds to cover storage costs (see Storage Charges applicable to Buyers).

27 – Liability of Trevanion and the Seller

27.1 Neither the Seller, Trevanion or its employees or agents is responsible for errors of description (made either orally or in any Catalogue) or for the genuineness or authenticity of any Lot. No warranty whatsoever is given by Trevanion, its employees or agents by any Seller to any Buyer in respect of any Lot and any express or implied conditions and warranties are hereby excluded.

27.2 Notwithstanding any other terms of these Conditions, if within two months after the sale Trevanion has received from the Buyer of any Lot notice in writing that in his view the Lot is a deliberate forgery and within one month after such notification the Buyer returns the same to Trevanion in the same condition as at the time of sale then the sale will be rescinded and any amount paid in respect of the Lot will be refunded. Provided that the Buyer shall have no right under this Condition if;

27.2.1 The Buyer is not able to satisfy Trevanion that the Lot is a deliberate forgery on the basis of evidence from experts.

27.2.2 The only method of establishing at the date of publication of the Catalogue that the Lot was a deliberate forgery was by means of scientific processes not generally accepted for use until after publication of the Catalogue or a process which was unreasonably expensive or impractical, or;

27.2.3 The Buyer is not able to transfer a good and marketable title to the Lot free from any third party claims.

27.3 Any claim by a Buyer under Condition 27.2 shall be limited to any amount paid in respect of the Lot and shall not extend to any consequential loss suffered by him as a result of the Lot being a deliberate forgery.

27.4 The benefit of this Condition shall not be assignable and shall only extend to the Buyer, being the person to whom the original invoice was made out by Trevanion in respect of the Lot when sold and who has since the sale retained uninterrupted, unencumbered ownership of that Lot.

28 – Photographs and Illustrations

The Buyer gives Trevanion the absolute right to use its photographs and illustrations of Lots at any time at Trevanion’s absolute discretion (whether or not in connection with the auction).

29 – Client Money

Trevanion will hold any money belonging to the Seller or the Buyer in separately designated client accounts.

30 – Online Bidding

Trevanion Auctioneers & Valuers offer an online bidding service via www.thesaleroom.com for bidders who cannot attend the sale. In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with Trevanion Auctioneers & Valuers you:

1. Authorise Trevanion Auctioneers & Valuers, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via www.thesaleroom.com, and

2. Confirm that you are authorised to provide these credit card details to Trevanion Auctioneers & Valuers through www.the-saleroom.com and agree that Trevanion Auctioneers & Valuers are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

Please note that any lots purchased via www.the-saleroom.com live auction service will be subject to an additional 4.95% commission charge + VAT at the rate imposed on the hammer price

Condition Reports

Please note: Trevanion Auctioneers & Valuers LLP take great care to ensure that any statements as to attribution, age, date, origin, provenance and condition are reliable and accurate but it should be noted that all such statements are skilled opinions prepared with due care, if provenance (written or historical fact) cannot be produced. However, Trevanion Auctioneers & Valuers do not guarantee that condition reports, whether included in the catalogue, or given at a later time, cover all aspects of an item(s) condition.

Sale of Clocks and Watches

All clocks, watches and mechanical items are sold on behalf of vendors by Trevanion Auctioneers and Valuers strictly on an “As Found” basis. No guarantee or warranty is issued or given in anyway, either written or verbal and therefore refunds will not be issued on the basis of the Lot not being “in working order”, “incomplete”, or “not in original condition”. Trevanion Auctioneers & Valuers would respectfully ask that prospective buyers view Lots in person, wherever issues regarding condition are seen as important to them, satisfying themselves as to the condition, completeness and originality of any Lot on which they intend to bid.

Jewellery & Gemstones

Purchasers are advised that whilst great care is taken in the examination of gemstones, it is not possible to test every gemstone in individual or multi-gemstone lots. We recommend that you view any items you intend to purchase as refunds will not be given for buyers remorse.

Coloured Gemstones and Colourless Gemstones

Purchasers are advised that whilst great care is taken in the examination of gemstones, it is not possible to test every gemstone within the constraints of time and equipment available outside of laboratory conditions. Trevanion Auctioneers have not removed stones from their settings unless otherwise stated in the catalogue description.

Historically, many coloured gemstones have been subjected to a variety of treatments designed to enhance their appearance. Certain enhancement methods, such as heating, are routinely used to alter aspects of rubies, sapphires, and other gemstones. Oiling is often undertaken to enhance the clarity of emeralds. The international jewellery trade has generally accepted these and other enhancement methods. Some treatments are permanent whereas others may only be semi-permanent, possibly requiring further re-treatment in order to retain their appearance.

Because of the widespread variety of treatments within the jewellery industry, prospective purchasers should assume that all gemstones will have been treated unless statements are made to the contrary. Gemmological reports from internationally recognised Gemmological Laboratories will be noted in the item description where available.

Diamonds

Advancements in technology have led to some diamonds being treated in a number of ways, all designed to improve their appearance or alter their colour. Processes include but are not necessarily limited to: fracture filling, laser drilling, a combination of drilling and filling, HPHT treatment, irradiation and various coatings. Whilst every effort is made to identify or disclose treated and synthetic goods, it is not possible for Trevanion Auctioneers to guarantee that all diamond set lots have not been subjected to the aforementioned enhancements and treatments. Buyers are also alerted to the fact that synthetic diamonds are now produced in large quantities, it is not possible for Trevanion Auctioneers to guarantee that all diamond set lots do not contain such material.

Weights and Measures

Estimated Diamond weights, colours and clarities given by Trevanion are intended as guides for prospective purchasers, with the given limitations of mounts and settings, and are opinions only, not guaranteed by Trevanion.

Weights of coloured gemstones offered are extrapolated on the estimated dimensions, using trade standard formulae. Due to the traditional cutting techniques for coloured gemstones it is possible there may be discrepancy between the stated estimate and the unmounted weight.

Trevanion does not guarantee the standard of gold or platinum unless an item is hallmarked.

Lengths and weights provided are estimates only.

DROIT DE SUITE

In accordance with Artists Resale Rights Regulations 2006 all lots marked (†) which sell for 1,000 Euro or more are subject to a resale royalty charge (“Royalty”). This Royalty is payable by the Bidder. The Royalty will be charged at a rate of 4% of the total hammer price (exclusive of Bidder’s premium which is payable under clause 8a) for lots selling for amounts up to 50,000. For lots selling in excess of 50,001, the Royalty shall be calculated at a reduced rate (details available on request). The Royalty is not subject to VAT and is payable in sterling calculated on the day of sale at the prevailing rate of exchange. Payment shall be passed directly to the Design and Artists Copyright Society (DACS) 33 Great Sutton Street, London EC1V 0DX. For further information please contact the Auctioneers or DACS on 0845 4103410 or visit their website at www.dacs.org.uk

Collection and Storage Applicable to Buyers

In accordance with our Terms and Conditions, all lots should be paid for and collected by 12noon on the Friday (7 working days) following the auction. Commission bidders should check the success of their bids and arrange payment and collection, within this time. Trevanion are open Monday-Friday 9am – 5pm for collections and deliveries.

If you are unable to collect your winning lots in person, Trevanion offer a limited in-house postage and packaging service for small, non-breakable items. This service can be offered the Thursday and Friday following an auction only.

Due to space limitations, bought items not removed by 5pm, 7 days following the auction will be removed to an external storage facility at the purchaser’s expense and charges will be applied as follows:

£20 + VAT administration/processing charge per lot

£10 + VAT per lot, per day (regardless of size)

Goods will not be released to buyers (or their agent) until cleared funds and storage fees have been received in full by Trevanion.

Once items have been removed to the external store, collection is strictly by appointment only. A minimum of 24 hours’ notice must be given prior to collection. Goods will only be released to the registered buyer. Collection by courier/carriers will only be permitted upon receipt of written instruction from the buyer and with the agreement of Trevanion.

Bought items not collected within six weeks may be re-sold by Trevanion (and any financial loss sustained by Trevanion must be settled by the buyer) or otherwise disposed of at Trevanion’s discretion. Any financial surplus will belong solely to Trevanion.

Collection and Storage Applicable to Sellers

All unsold or withdrawn lots must be removed from the premises by the vendor two weeks or ten working days following the auction. Items held or not offered for auction must be removed within four weeks from the date stated on the ‘Sale Instruction, Property Receipt and Contract’. If items are still remaining at Trevanion four weeks following the auction or contract date, the items will be disposed of without further notice to the vendor.

Trevanion reserve the right to sell (or otherwise dispose of, at Trevanion’s discretion) any uncollected lot. We will pay the proceeds of any such sale to you, but will deduct storage charges or other sums that we have incurred in the storage and sale of the lot. We reserve the right to charge you a selling commission at our standard rates on any such sale of the lot.