Thereafter, the lot may be collected and removed at the buyer's risk and expense.ģ.3 The buyer shall pay to the Company the hammer price of the lot plus a premium of 20% of the hammer price plus VAT on the premium and the hammer price if applicable.ģ.4 The buyer shall pay by cash or by cheque in favour of the Company drawn on the buyer's account at a UK clearing bank or by building society or by direct debit card or by Mastercard or Visa credit card (plus a surcharge of 4% plus VAT) or by the direct transfer of cleared funds to the Company's bank account, the buyer to bear the cost of transfer. The reserve shall be the minimum hammer price at which the lot may be sold.Ģ.3 While the Company will strive to ensure the accuracy of the description of any lot in a catalogue or of the written or oral opinion in a condition report the company does not accept responsibility or imply any warranty for the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition or quality of any lot.ģ.1 All bidders who are each deemed to act as principal acknowledge that before bidding they have satisfied themselves about the physical state and condition of the lot and in particular whether the lot is damaged or has been repaired or restored and that they are conversant with the buyers terms and conditions of sale.ģ.2 The lot is at the sole risk of the buyer from the fall of the hammer but the legal title will not pass to the buyer until the lot has been paid for in full by cash or direct debit card or credit card, cheque or cleared funds. All lots are offered for sale without reserve unless instructions to the contrary are received by the auctioneers from the vendor prior to the commencement of the sale. All formal or informal information concerning any lot is subject to modification by announcement from the rostrum by the auctioneer prior to any bid being accepted for the lot.Ģ.2 The highest bidder for a lot shall be the buyer. The auctioneers may bid on behalf of the vendor for all lots subject to reserve otherwise the vendor may bid personally. 1.1 Piano Auctions Limited who act only as auctioneers and agents is called 'the Company'.ġ.2 The representative of the Company conducting the auction is called 'the auctioneer'.Ģ.1 The auctioneer shall be solely responsible for the regulation and control of the bidding and in particular has absolute discretion to divide any lot, to combine any two or more lots, to withdraw any lots from sale, to refuse bids or cancel the sale without giving any reason or previous notice.

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