1971 white, orange and blue vintage Esserre Cycling race jersey, scarce, wool and acrylic short-

IMPORTANT INFORMATION FOR BIDDERS & BUYERS

Conditions of Business

All lots are offered subject to Graham Budd Auctions Ltd’s (GBA) Conditions of Business.

Starting Bid

For each lot there is a published minimum starting bid.

Buyer’s Premium & VAT

A buyers premium of 20.5% is applicable to all lots in this sale. All lots are offered for sale under the auctioneers margin scheme. Buyers premium is payable by all UK buyers and subject to VAT at the standard (20%). Overseas buyers will not be charged VAT.

An example for a lot purchased at £100 hammer for buyers who registered directly at Graham Budd Auctions would be as follows:

£100 hammer
£20.50 Buyer’s Premium
£4.10 VAT (20% of £20.50)

TOTAL INVOICE: £124.60

An example for a lot purchased at £100 hammer for buyers who registered directly at thesaleroom.com would be as follows:

£100 hammer
£20.50 Buyer’s Premium
£4.95 Internet Surcharge
£5.09 VAT (20% of £25.45)

TOTAL INVOICE: £130.54

VAT in respect of non-UK buyers

Buyers from outside of the UK, including EU countries, are not required to pay VAT on their purchases on condition that the goods are being shipped overseas and will not remain in the United Kingdom. Under these circumstances buyers will receive an export invoice which will not contain any VAT element.

An example for a lot purchased at £100 hammer for buyers who registered directly at Graham Budd Auctions would be as follows:

£100 hammer
£20.50 Buyer’s Premium

TOTAL INVOICE: £120.50

An example for a lot purchased at £100 hammer to a non-UK buyer who registered directly at thesaleroom.com would be as follows:

£100 hammer
£20.50 Buyer’s Premium
£4.95 Internet Surcharge

TOTAL INVOICE: £125.45

Online Bidding and Payment

Bidders registering with Graham Budd Auctions will not incur any further online bidding fees. Bidders registering directly with the-saleroom.com will be charged an additional 4.95% plus VAT on top of the 20.5% buyers premium (25.45% total)

In completing the bidder registration on www.the-saleroom.com and providing your credit card details you authorise GBA to charge the credit card given in full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and confirm that you are authorised to provide these credit card details to GBA through www.the-saleroom.com and agree that GBA are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

Remedies for non-payment

Without prejudice to any rights that the seller may have, if the buyer fails to make payment for the lot, GBA may in its sole discretion exercise one or more of the following remedies:-

(a) cancel the sale of the lot;

(b) charge interest at 4% per annum above The Bank of England’s Base Rate from the payment date to the date that the purchase price is received in cleared funds;

(c) re-sell the lot by auction or privately, with the new sale price at GBA’s discretion, in which case the buyer will be liable for any shortfall between the original purchase price and the amount achieved on re-sale;

(d) commence legal proceedings to recover the purchase price for the lot, plus interest and legal costs;

 (e) disclose the Buyer’s details to the seller to enable the seller to commence legal proceedings.

Data Protection

GBA will use information supplied by bidders or otherwise obtained lawfully by GBA for the provision of auction related services, client administration, marketing and as otherwise required by law. By agreeing to these Conditions of Business, the bidder agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in the above service provisions, and to the seller solely in the event on non-payment.

 Miscellaneous

a) All images of lots, catalogue descriptions and all other materials produced by GBA are the copyright of GBA.

b) These Conditions of Business shall be interpreted in accordance with English Law, under the exclusive jurisdiction of the English Courts, in favour of GBA.