Sale Terms and Important Information

Terms and conditions:

Conditions of Sale Affecting purchasers 

Buyers premium will be charged on the hammer price of all lots in the auction, as follows:

Live auctions:
Buyers premium (for those bidding directly with the auctioneers, either by written instruction, by telephone, and/or by attending the sale in person): 17.5% +VAT (21% in total).
Additional fee for online bidding levied by the-saleroom.com 5% +VAT (27% in total).

Timed Online auctions (The Newnham Street Sale):
Buyers premium will be charged at 27% (including 5% internet surcharge and VAT).

1 Purchasers will be deemed a) to: have inspected their lots prior to the sale; b) to have accepted that lots are sold with all faults and imperfections specifically mentioned, or not, irrespective of whether they bid in person, by commission or through an agent.

2 All goods are second hand and sold without warranty unless otherwise stated in the sale catalogue or by the auctioneer from the rostrum. Any implied warranty, condition or other term is excluded except where to do so would be unlawful.

3 The auctioneers undertake that care has been taken to see that catalogue descriptions are accurate and reliable. However, these are matters of opinion only and shall not be taken to be statements of fact.

4 The auctioneers act as agents to the vendor and shall not incur liability to any purchaser for any statement, representation or
warranty as to title, quality or otherwise of any lot made on behalf of and with the vendor’s authority. Likewise the auctioneers shall
incur no liability to a purchaser arising from any defect in goods sold save in the event of negligence on the part of the auctioneers or their employees. Any liability therefore shall be a matter for dispute between purchaser and vendor only.

5 The auctioneers reserve on behalf of themselves and the vendors the following rights: a) To sell subject to a reserve price; b) To bid on behalf of a vendor and/or purchasers; c) To refuse any bid; d) To rearrange, consolidate, divide, add or withdraw any lots or vary the order of the sale; e) To exclude any person from the premises if there be good reason to do so.

6 The auctioneer shall regulate the bidding and shall determine from time to time the appropriate increment needed to advance the
bidding.

7 The person making the highest accepted bid shall be the purchaser as defined in these conditions.

8 If a dispute arises as to any bidding then at the discretion of the auctioneer either: a) The lot to which the disputed bid relates shall immediately be put up again; or b) The auctioneer shall determine the dispute and his decision shall be final and binding on all parties.

9 a) At the fall of the hammer the purchaser is required to give his own name (or where applicable his paddle number). If he has bid on behalf of another person, company or organisation he should make this clear to the auctioneer at the time If he fails to do so then he will be held personally liable for the purchase under the terms of these conditions b) If, and as required by the auctioneer at the fall of the hammer the purchaser shall also give his address and/or the address of his principal and/or pay to the auctioneer all or part of the purchase price plus VAT and buyers’ premium c) Any such payment made at the fall of the hammer may be treated, at the auctioneers’ discretion, as a general deposit against all purchases, made by that purchaser on the day d) All lots must be paid for in cash, or In other manner acceptable to the auctioneers. on the day of sale and before delivery is given e) Failure by the purchaser to comply with sub clause a) and b) shall entitle the auctioneer to cancel the sale and, at his discretion, to immediately re-offer the lot in question for sale by auction.

10 No transfer of lots or sub-sale by any purchaser is recognised by the auctioneers. Purchasers shall remain liable under these
conditions in respect of their own purchase under the hammer.

11 Private treaty sales shall be subject to these conditions of sale where applicable.

12 All lots will be at the purchaser’s risk from the fall of the hammer.Purchasers are therefore advised to check that they have adequate insurance cover.

13 Purchasers who pay by cheque will not normally be permitted to remove goods until their cheques have cleared through the bank. Whether removal is permitted or not, ownership of goods will not be deemed to pass to the purchaser until his cheque has cleared.

14 All lots must be cleared from the sale premises at the purchasers expense by the time stipulated or as agreed by the auctioneers.

15 a) If a purchaser fails to comply with any of the preceding conditions the auctioneers may cause the lot in respect of which the failure is made to be resold by public or private sale without warranty or reserve and without notice to the purchaser. b) If upon resale as aforesaid a lower price is obtained for any lot than was obtained on the first sale, the difference in price together with all costs and charges attending the resale shall be a debt due from the purchaser in default at the first sale. c) Alternatively the auctioneers may, at their discretion, store the lot and recover reasonable charges for so doing from the purchaser.

ADDITIONAL TERMS RELATING TO THE SALE OF FIREARMS AND AMMUNITION SOLD THROUGH SOUTHAMS FIREARMS SALES

16. Prohibited persons: The auctioneer shall consider prospective buyers or persons bidding on their behalf, to not be ‘prohibited persons’ as defined by Section 21 of the Firearms Acts 1968-97 (as amended) and prospective buyers or persons bidding on their behalf confirm that by the action of bidding, they are not ‘prohibited persons’ as defined by section 21 of the Firearms Acts 1968-97 (as amended).

16.1 Offensive Weapons Act (2019): Bladed products are not for sale to people under the age of 18. By bidding on an edged weapon you are declaring that you are 18 years of age or over. Upon collection photo identification will be required if a person appears under 25, to prove that they are over 18 years old.

17. Latent Firearm defects: If within 7 days of the sale the auctioneers receive from the buyer notice in writing stating that in his view the lot suffers from a latent defect; and further stating the grounds upon which the buyer takes that view are set out in the said notice (which shall be accompanied by any evidence upon which the buyer relies); and if within 7 days of delivery of such notice the buyer returns the lot to the auctioneer in the sale condition as it prevailed at the time of the sale; the auctioneer may rescind the sale. This is subject to the following:The auctioneer shall not rescind any sale until such time as they have certified to the vendor and the buyer that the lot is in their professional opinion suffering a latent defect. Before giving any such certificate, the auctioneers shall be entitled at their absolute discretion to seek the views of any expert or other authority. If such expert or other authority certifies that the lot is not suffering a latent defect, then the cost incurred in seeking such views shall be paid by the buyer to the vendor and shall be added to the purchase price of the lot together with VAT, where appropriate, and the sale shall proceed and be completed as required by these conditions.