Bidders are required to register their particulars before bidding and to satisfy any security arrangements before entering the auction room to view or bid. Bidding Procedures and Conduct of the AuctionĪ. The singular includes the plural and vice versa as appropriate.Ģ. “You”, “Your”, etc. refer to the buyer as identified in Condition 2. “sale proceeds” means the net amount due to the seller, being the hammer price of the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising “total amount due” means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any additional charges payable by a defaulting buyer under these Conditions į. “terms of consignment” means the stipulated terms and rates of commission on which Rosebery Fine Art Ltd accepts instructions from sellers or their agents Į. “hammer price” means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer ĭ.
“deliberate forgery” means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value materially less than it would have had if it had been in accordance with the description Ĭ. “auctioneer” means the firm of Rosebery Fine Art Ltd or its authorised auctioneer, as appropriate ī. Rosebery Fine Art Ltd carries on business with bidders, buyers and all those present in the auction room prior to or in connection with a sale on the following General Conditions and on such other terms, conditions and notices as may be referred to herein.Ī. Terms and Conditions Governing Public Auctions Broadcast Live over the Internet
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