First Day Cover inauguration of post office 1973, 5th July £1 stamp on solid sterling silver ingot

Auction Rooms – Terms and Conditions

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THE BUYER

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 who is successful in purchasing any lot or lots is entirely responsible for paying for such lot or lots in accordance with our general conditions of sale.  Purchases made on behalf of a third party are entirely the responsibility of the bidder.  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. All items successfully purchased in the sale will be invoiced within 48 hours and payment must be settled within 7 working days and items collected or collection arranged there after items be stored and charged on a daily rate at £5 a day.

REGISTRATION

To assist the progress of sale, all prospective buyers must register their name and address and provide proof of identity at reception and collect a bidding number before the sale commences. Should there be any doubts as to price or buyer, please draw the auctioneer’s attention to it immediately.

BUYER’S PREMIUM

A buyer’s premium of 20% at the standard rate of the hammer price is payable on each lot.

VENDOR’S COMMISSION

Our standard Vendor’s commission of 10% will be charged. Under certain conditions, our commission rate can be negotiated prior to the sale only. In addition, each lot will be subject to a lotting fee of £3 plus VAT.

PURCHASE VIA LIVE BIDDING

Any lots purchased will be subject to an additional 3% commission charge at the current rate imposed on the hammer price. In completing the bidder registration and providing your card details and unless alternative arrangements are made with Braintree and Bocking Auctions you hereby agree to the following terms:

•             Braintree and Bocking Auctions are authorised to charge the debit card given in part or full payment including all fees for items successfully purchased in the auction.

•             You are authorised to provide these debit card details to Braintree and Bocking Auctions and agree that Braintree and Bocking

         Auctions are entitled to ship the goods to the cardholder name and address provided in fulfilment of the sale.

PAYMENTS

Purchaser – Our methods of payment are with bank transfer, cash, debit card (in person only) or by cheque supported by a bankers reference.  All purchases must be paid in full on the day of the sale before any lot is removed from the premises.  No goods will be released to buyers unknown to the auctioneers without adequate reference or before their cheques have cleared.  Anyone who, for whatever reason, is unable to pay for their goods on the day of the sale must inform the Saleroom Manager as to when payment will be made.  Credit card payments are not accepted.

Vendor – Vendors will normally receive proceeds of sale 14 working days after.  However, where individual consigned Lots have sold for £500 or above Braintree and Bocking Auctions reserve the right to hold payment until we have been paid by the purchaser.  We also reserve the right to rescind a sale, if it is clear that having pursued all the usual channels Braintree and Bocking Auctions are unlikely to receive payment on the Lot in question. In such circumstances, the Lot(s) involved will be re-offered in a later Sale with the sale reserve (if applicable).

ATTRIBUTION AND CONDITION OF LOTS

Every effort is made to ensure the accuracy of any statement as to authorship, attribution, origin, date, age, provenance and condition of any lot whether or not such statement forms part of the description of any such lot. Whether any such statement is made orally or in the catalogue it is an expression of opinion.  Each buyer by making a bid for a lot acknowledges that he has satisfied himself fully as to the attribution and 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.  Written condition reports are available for all Lots upon request 24 hours prior to the sale. Buyers that do not request condition reports forfeit their right to a refund, except where we are in breach of Contract.

Verbal condition reports will not be given.  The latest that a condition report will be e-mailed or posted is the day immediately before the sale.

ATTRIBUTION OF PICTURES

(Condition 7 also refers)

•             The forename(s) (or asterisks where not known) and surname of the artist indicates in our opinion work by the artist.

•             The initials of the forename(s) and the surname of the artist indicates in our opinion work of the period of the artist which may be wholly or in part his

        work.

•             The surname of the artist indicates in our opinion work of the school or by one of the followers of the artist or in his style and of uncertain date.

•             Bears signature indicates in our opinion that this is not the signature of the artist.

•             All other terms are self-explanatory.

OWNERSHIP OF PURCHASES

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

TRANSFER OF RISK

Each lot shall be at the purchaser’s sole risk from the fall of the hammer and shall be sold with all faults and imperfections. The purchaser is deemed to have inspected the lots and satisfied himself as to their condition (a view day is available for each sale for perspective purchasers. You can also book a time slot to view items at the auction house via email or telephone 07516 518666). The liability to insure any purchased Lot shall pass from the auctioneer to the purchaser on the fall of the hammer (see The Buyer section above).

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, i.e. 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.  We do accept commission bids by facsimile.  We urge our clients to place such commission bids within one hour of the close of the view day.

TELEPHONE BIDS

Requests for telephone bidding must be registered with the Saleroom Manager within one hour of the close of the view day. 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.

POSTAGE / SHIPPING

Goods will not be released to couriers unless they are delivering to the address that the buyer has used for registration. Couriers are instructed not to take alternate delivery instructions once dispatched

COMPLIANCE

Upon failure of any purchaser to comply with any of the above conditions any money deposited by the purchaser in part payments shall be forfeited to the owner of the lot, he paying there from, all just expenses. Any lot not paid for within 1 month of the purchase date shall be resold by public auction or private contract and the deficiency (if any) arising from such a resale together with all expenses attending the same shall be made good by the defaulter at this sale who shall have no claim to any surplus which may arise on a resale.

PRE SALE ESTIMATES

Given by the auctioneers or a member of their staff are their opinion as to what they consider any particular lot is likely to realise. However any lot may sell at a figure less than the lower estimate and for more than the higher estimated figure.  The auctioneers and their staff reserve the right to alter their pre-sale estimates, either upwards or downwards, on any lot at any time, up until such time as the lot is offered for sale.

RESERVES

The auctioneers and vendors reserve the right: –

•             To remove the reserve completely from a previously reserved lot at any time up until it is offered for sale.

•             To place a reserve on a previously unreserved lot at any time up until it is offered for sale.

•             To alter a reserve, either upwards or downwards, on any lot at any time up until it is offered for sale.

•             Should any item fail to sell at the reserve price on the day of the Auction they will be subject to commission of 3% of the Reserve Price, subject to a minimum fee of £5.

THIRD PARTY LIABILITY

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

ANY NOTICES

Any notices that may be displayed from time to time by the auctioneers in the sale ground or salerooms shall be deemed to form part of and be included within the general conditions of sale.

MONEY LAUNDERING REGULATIONS

In order to comply with current anti-money laundering legislation we are unable to accept cash payments over £8,000. Any purchaser wishing to pay cash for any purchase over £1,000 may be asked for identification e.g. Passport or photo driving licence.

REPRODUCTIONS

Owing to the large number of ww1 and ww2 and other uniforms and accoutrements being used for films, television and plays, it becomes increasingly difficult to ascertain the authenticity of certain pieces. We catalogue all items as seen, and offer no guarantee as to their authenticity. This doesn’t just apply to military but to all other categories in our sales. The buyer must be satisfied prior to bidding and study all images provided and use our opportunity to view. The terms ‘bronze’, ‘silver’ and ‘gold’ refer to the grades in which medals, badges, etc., were awarded and not to heir composition. Items described as pattern or in the style of are an example of the described item with no guarantee of age or authenticity and therefore all items are sold as seen and all sales are final and agreed to in terms and conditions by the buyer.