1952 Bristol 401 Registration number XS 8401 Chassis number 401/1040 Engine number 85C/1947 Green

TERMS AND CONDITIONS RELATION TO SINGLE OWNER AUCTION ON AUGUST 7TH 2024 NEAR BRIDPORT

1) All lots will be offered for sale subject to these conditions of sale for veteran, vintage
and classic vehicles.

2) Charterhouse act as agents for the vendor of each lot and shall not be party to or
liable in any manner whatsoever on any contract of sale between the seller and the
buyer.

3) The Buyer.
a) The highest bidder acknowledged as such by the auctioneer will be the buyer. If any
dispute arises, the auctioneer shall have absolute discretion to settle the matter. The
auctioneer shall rule the bidding and no bid shall be retracted. The auctioneer
reserves the right to refuse any bid. The bidder at the sale who is successful in
purchasing any lot or lots is entirely responsible for paying for such lot or lots in
accordance with our terms of business. Purchases made on behalf of a third party
are entirely the responsibility of the bidder at the sale. The auctioneer reserves the
right to bid on behalf of the vendors for any lot and to withdraw, consolidate or
divide any lot or lots.

b) The buyer of any lot shall be solely responsible for conforming with the requirements
of the Road Traffic Acts, the Construction and Use of Motor Vehicle Regulations and
all relevant orders, rules and legislation made in connection therewith.

c) The buyer of any lot shall be solely responsible for the obtaining of any export
license that may be required in connection with any lot purchased. (see below)

Export Licenses
i) Buyers are reminded that an export license is required for any vehicle purchased for
more than £15,999 and manufactured or produced 50 years prior to the date of
export. Certain other items including, inter alia, all manuscripts and documents 50
or more years old and photographic material 60 or more years old and valued at
£400 or more require export licenses.

ii) It should be noted that export licenses usually take a minimum of four weeks to
obtain and buyers are reminded that their purchases must be stored away from the
auction site, at their cost, pending export.

iii) Buyers are reminded that it is a serious offence to breach or attempt the regulations
concerning export licenses.

4) Buyers are reminded that their purchases are held at their risk from the fall of the
hammer and Charterhouse will not accept any liability for loss of or damage to any
lot.
5) Registration. To assist the progress of the sale, all prospective buyers who attend the
auction in person must register their name and address at reception and collect a
numbered bidding card before the sale commences. This card may be used to
indicate your bids to the auctioneer during the sale. Two forms of identification need
to be supplied to register, at least one with name, address, signature and preferably
photograph, for example a new style driving license. For prospective buyers who
will not be at the sale, either because they are leaving absentee bids or are having
a telephone bid, and who are interested in a vehicle, a £500.00 deposit will need to
be paid. This will be refunded if the bid is not successful. If the bid is successful, this
sum will be used towards the final bill.

6) Buyer’s premium. 12.5% plus VAT.

7) Value Added Tax. Lots in this auction are not subject to VAT on the hammer price, only
on the charges.

8) Auctioneers Margin Scheme. The Auctioneers Margin Scheme allows auctioneers
to sell items without VAT on the hammer price. Under the margin scheme an amount
equivalent to VAT at the current rate is added to the buyer’s premium. This amount
cannot be refunded. The VAT element will not be shown separately on the buyer’s
invoice.

9) Payment. The purchase price must be paid by the buyer to Charterhouse on the day of
the auction. Our methods of payment
are with cash or card, or bank transfer on a banking day (not Saturday or Sunday).
Cash for amounts over £8,000 will not be accepted. Cheques will not be accepted.
All purchasers must be paid in full before any lot is removed from the premises, no
goods will be released to buyers unknown to the auctioneers without full payment
in to Charterhouse’s bank account. Anyone who, for whatever reason, is unable to
pay for their goods on the day of the sale, must inform the Accounts department as
to the date and method that payment will be made. Accounts not paid within
fourteen days will automatically be subject to an interest charge of 5% above base
rate from the day of sale.

a) Please contact the office for our bank details.

10) Description.
a) All lots are sold and purchased ‘as seen’. A vehicle sold ‘as seen’ is sold and
purchased for what it is and with all its faults (if any) and without any condition,
warranty or other term (whether expressed or implied and whether implied by
statute, common law, custom or otherwise) as to the age, description, mileage,
suitability, fitness for purpose, merchantable quality or roadworthiness of the
vehicle.

b) Every effort has been made to ensure the accuracy of the description of each lot, but
these, whether made orally or in the catalogue, are expressions of opinion and not
representations of fact. Illustrations whether in the catalogue, on the web site, or
sent by email are solely for guidance and must not be relied upon in any manner
whatsoever. Most lots are of an age and nature which precludes their being in
pristine condition. The condition of any lot and the nature of any damage and/or
restoration should be confirmed by the buyer by examination prior to the sale. All
prospective purchasers must satisfy themselves as to the condition, colour, age and
all other matters relating to any lot and no claims will be accepted in respect of any
such matter.

c) Each buyer by making a bid for a lot acknowledges that they have satisfied
themselves fully as to the condition of the lot. If any damage is done to any lot at the
viewing or before, during or after the sale, such damage shall be made good by the
person committing such damage, principals being responsible for the acts of their
servants, such damage to be assessed by the auctioneers.

d) Whilst every endeavour has been made to ensure that the items lotted in this
catalogue will be available and offered for sale in catalogue order, no responsibility
can be accepted by the auctioneers for variations and omissions due to
circumstances beyond their control. Neither Charterhouse nor the sellers of any
lot will accept responsibility for any misrepresentations, mis-descriptions or
omissions obtained in this catalogue.

11) Contract of Sale.
a) On the fall of the hammer, a contract of sale is completed between the seller and
the buyer. Charterhouse is not a party to the contract of sale and shall not be liable
for any breach thereof by the buyer or the seller.

b) If successful in buying a lot, please ensure that your number can be seen by the
auctioneer and that it is your number that is called out. Should there be any doubts
as to price or buyer, please draw the auctioneer’s attention to it immediately. Please
contact the accounts desk with details of how you will pay.

c) The ownership of the lot(s) purchased will not pass to the buyer until the buyer has
paid the auctioneer in full the total amount due and the auctioneer has applied such
payment to the lot.

12) Transfer of Risk. Each lot shall be the purchaser’s sole risk from the fall of the hammer
and shall be sold with all faults and imperfections, the auctioneer not being
responsible for the correct description, genuineness or authenticity of any lot and
making no warranty whatsoever. The purchaser is deemed to have inspected the
lots and satisfied himself as to their condition.

13) Commission Bids. If instructed, the auctioneers will execute bids and advise
prospective purchasers. This service is free. Lots will always be purchased as cheaply
as is allowed by such other bids and reserves as are on the auctioneer’s books. In the
event of identical bids, the earliest will take precedence. There must always be a
maximum limit indicated, ie the amount to which you would bid if you were
attending the auction yourself. “Buy” or unlimited bids will not be accepted.
Commission bids placed by telephone are accepted at the client’s risk.

14) Telephone Bids. It may not be
possible to accept requests on sale days. Written confirmation of such bids from
persons unknown to the auctioneers must be received before the commencement
of the sale. Whilst every effort will be made to execute telephone bidding, the
auctioneers cannot be held responsible for any default or neglect in connection with
this service. All such arrangements therefore are made entirely at the prospective
buyer’s risk.

15) Collection of Goods. All lots must be collected by 12.00 noon on the day following the
sale. Vehicles not collected by this time will automatically be removed and placed
into storage at TA11 7EE (near the A303), incurring a removal charge of £150.00 plus
VAT per vehicle. Storage will then be charged at £30 plus VAT per week or part thereof
per vehicle plus VAT. Lots will only be
released to the buyer or their authorised representative upon presentation of
release notes issued by Charterhouse and settlement of any removal, handling and
storage charges due. Purchasers are reminded that each lot shall be the purchaser's
sole risk from the fall of the hammer. If collecting from storage please give 24 hours
notice. Whilst our staff are on hand to help you collect, there will be some lots which,
due to their size, we will not be able to assist with - it is your responsibility to make
sure you have the right equipment to collect your lots

16) Third Party Liability. Every person on the auctioneers’ premises before, during or
after a sale, shall be deemed to be there at their own risk and shall have no claim
against the auctioneer or owner of the auction premises in respect of any injury they
may sustain or any accident which may occur.