Sales catalogue: Members of the Auctioneers & Estate Agents Institute

Date:
10 November 1905
Reference:
WA/HMM/CM/Sal/24/33
Catalogue details

Licence: Public Domain Mark

Credit: Sales catalogue: Members of the Auctioneers & Estate Agents Institute. Source: Wellcome Collection.

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    CONDITIONS OF SALE. FIRST.—The highest bidder shall be the buyer, subject to the right of the auctioneer to reject any biddings he may think fit, or to withdraw, ecnsolidate, or divide any lots, and subject to the right of the vendors to bid by themselves or agents. If any dispute arise as to the highest bidding, such dispute shall be finally settled by the auctioneer, or at his option the lot in dispute may be resold. The auctioneer to be the sole arbitrator in all matters in dispute. SECOND.—No bidding shall be retracted. The biddings will be regu- lated by the auctioneer. THIRD.—The purchasers to give in their names and places of abode, and to pay down 5s. in the pound as a deposit and in part of payment, or the whole of the purchase-money if required: in default of which the lot or lots so purchased to be immediately put up again and resold. In the case of a purchaser buying more than one lot the deposit or purchase-money is to be paid in respect of all lots purchased, and no individual lot will pe delivered until the whole of the purchase-money is paid. FOURTH.—The lots to be at the purchaser’s risk at the fall of the hammer, and to be paid for and taken away, whether genuine and authentic or not, with all faults and errors of description, or otherwise (if any), at the buyer’s expense and risk, WITHIN TWO DAYS following the sale; the Members of the Auctioneers’ and Estate Agents’ Institute making no war- ranty whatever, and not being responsible for the correct description, genuineness, or authenticity of, or any fault or defect in any lot. FIFTH.—To prevent inaccuracy in delivery and inconvenience in the settlement of the purchases, no lot can on any account be removed during the time of sale; and the remainder of the purchase-money must absolutely be paid on delivery. LASTLY.—On failure of compliance with the conditions the auctioneer may resell the lot or lots, either by public auction or private contract, and the deficiency (if any), with ali the expenses, shall be made good by the defaulter at this sale, but such defaulter shall not be entitled to any surplus which may arise by such resale. Such expenses shall be deemed to include all expenses for porters, advertising, carriage, care, keep and otherwise on such resale. Tae Mempers OF THE AUCPIONEERS AND KstTate AGENTS’ INSTITUTE OF THE UNITED KINGDOM, 34, Russell Square, London, W.C. Telephone, Telegrams, No. 393 Museum. ‘* Auctionary, Westcent, London.”’
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