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Participation in the auction is subject to the

acceptance and unconditional acceptance of

these Auction Terms and Conditions:

1. BID

- The submission of a bid means a binding

offer.

- The bidder remains bound to his bid until it

is either outbid or rejected by Auctioneer.

- Bids of unknown persons may be rejected

by Auction House.

- Persons who are not present may notify

the Auction House in writing of intended

bids. These bids are considered as maximum

bids, plus premium. Changes to a written

bid must be made in writing; they must be

received no later than 24 hours prior to the

Auction. Written bids can be send to info@

dutchauctioncompany.com

- Request for Telephone bids must be made

no later than 24 hours prior to the Auction.

2. AUCTION OBJECTS

- The objects are offered and sold in the

name and for the account of the consignor.

- The Dutch Auction Company and the

sellers disclaim any warranty for the age,

origin, condition and quality of the vehicles

and objects put up for auction. The objects

are sold in the condition in which they were

at the time of the knock down.

- All objects are to be inspected at the

preceding exhibition. It is possible to get

an idea of their condition and value and to

obtain information. The buyer

acknowledges, that we sell used goods

which can have marks and defaults caused

by their age.

- The objects are described based on the

latest current state of knowledge to the

best of our knowledge and belief. The Dutch

Auction Company is not liable for obvious or

hidden defects.

3. KNOCKDOWN/PROPERTY

- The object is awarded to the highest

bidder. The object will only be delivered to the

buyer after payment has been made in full.

- The knock down could be also conditional.

If it is called up « conditional sale», it means,

that the reserve was not met. The Auction

House will first consult with the seller and

afterwards inform the buyer, if his offer was

successful or not. This may happen right at

the sale or within a few days.

- In the event of differences between two

or more bidders, the Object may be offered

again.

- Once the bid has been accepted, no further

complaints will be accepted.

4. KNOCKDOWN PRICE/COSTS

- A premium of 24% must be paid on top of

the hammer price. This includes 21 % VAT*

on the buyer premium.

- For cars, a 14,5% buyer’s premium will

apply. This includes 21% VAT* on the buyer

premium.

* Explanation of the application of VAT:

> Private buyers registered within the

Netherlands and Europe are invoiced

including VAT.

> Private buyers registered outside Europe

and exporting the purchased lots, that is

leaving Europe, will be invoiced without VAT.

Proof of export of the lots is required.

> Commercial buyers (companies) registered

in the Netherlands invoiced including VAT.

> Commercial buyers (companies) registered

outside the Netherlands but within Europe

can be invoiced without VAT.

> Commercial buyers (companies) registered

outside Europe and exporting the purchased

lots, that is leaving Europe, are invoiced

without VAT. Proof of export of the lots is

required.

If commercial buyers (companies) wish to

make use of the above VAT application, they

must register as a commercial (company)

bidder. Company name, address and VAT

number are then required information that

must be provided at registration.

5. PAYMENT OF THE OBJECTS

- The auctioned objects must be paid for in

cash (maximum of € 20.000,-) or by bank,

and collected from the auction site within

5 days after the Auction. On Credit Card

payment an additional 3% will be added to

the total bill.

- Before leaving the auction room, each

buyer is requested to take receipt of the

relevant formalities at the auction office and

to make a full or appropriate down payment.

6. DELIVERY/COLLECTION

OF THE OBJECTS

- The auctioned objects will only be

delivered after the auction and after full

payment.

- The objects must be collected within 5 days

of the Auction. Later collection may be

possible by agreement with the Auction

House.

- Objects that are not collected on time

will be removed to storage at the buyer’s

expense.

7. LEGAL ISSUES/LIABILITY

- The Dutch Auction Company reserves

the right to make changes and comments

regarding the object description before

and during the exhibition or until the bid is

accepted. Lots may be added or removed.

- The Dutch Auction Company, as sales

commissioner according to article 7:425

BW 7:425 BW, acts for the account of the

consignor. Any liability for defects shall be

excluded in accordance with section 2. Any

notices of defects, claims for rescission or

reduction must be addressed directly to the

Consignor as the seller. No representative or

employee of the Dutch Auction Company is

entitled to issue any guarantees deviating

from this.

- The auction management may offer

lots outside the numerical order without

justification, and may combine, separate, or

withdraw catalog items.

- Any participation in the auction is at your

own risk. In the event of damage to

exhibited objects, the causer shall be liable.

- Each removal of the auctioned objects, also

by third parties, relates to own costs and

risks.

- The invoice for the auctioned objects is to

be paid in accordance with section 5. If this is

neglected, the auctioneer may, at his discretion,

demand fulfilment of the purchase

contract by charging a default interest of

1% per month on the hammer price plus

surcharge and the costs of collection.

However, he may also withdraw from the

purchase contract without notice or other

notification and cancel the knockdown and

sell the object by private contract. In this

case, the successful bidder shall be liable for

all damages resulting from non-payment or

delayed payment, in particular for any loss of

proceeds. Any down payment made will be

deducted from the damage.

- The auction and all disputes arising from

it are subject to Dutch law. This applies

regardless of the legal domicile of the parties

involved.

- The English version of these Terms and

Conditions of Sale shall be authoritative for

the assessment of disputes.

- The place of jurisdiction is Breda, Holland.

8. GENERAL

- The auction and sale conditions are made

known to every interested person and are

posted in the auction hall during the

exhibition and auction.

- Legal identification, name and address

of the buyer are required for bidding and

auctioning an object. Registration entitles

the buyer to bid.

- It is the buyer’s responsibility to protect

himself against the risks of loss, theft,

damage, and destruction of the objects in

question by taking out insurance in good

time. All risks are with the buyer after

knockdown of the item.

Tilburg, The Netherlands - 2022