1. Default
For all purposes of a sale, Velanord Ltd shall be deemed to be the agent of both the Seller and the Purchaser, and they shall not be considered responsible for any default on the part of either the Seller or the Purchaser.
2. Warranty of Title
The vendor warrants to Velanord Ltd and the buyer that they are the true owner of the property or are properly authorized to sell the property by the true owner and are able to transfer good and marketable title to the goods, free from any third-party claims.
The vendor warrants to Velanord Ltd, its servants and agents, and the buyer against any loss or damage suffered by either in consequence of any breach of the above on the part of the vendor.
3. Bidding
The highest bidder for each lot shall be the Purchaser of it. No one is entitled to retract a bid. The Auctioneer reserves the right to refuse any bid without giving any reason and to alter, add to, divide, consolidate, or withdraw any lot or lots for sale.
The Auctioneer reserves the right to fix a reserve price for any lot at a figure no higher than the lower estimate.
The Auctioneer reserves the right to bid on behalf of the Seller on lots subject to a reserve price. The Seller shall not be entitled to bid where the Auctioneer has reserved such a right.
The Auctioneer will accept commission bids from any person who is unable to attend the sale. Bids will also be accepted by email at the sender’s risk.
4. Online Bidding via bidspirit.com
Velanord Ltd offers online bidding service via bidspirit.com for bidders.
5. Risk
All lots shall be the sole risk of the Purchaser from the fall of the hammer. The Purchaser shall take all lots in the condition in which they find them. It is the responsibility of all intending Purchasers to satisfy themselves by inspection or otherwise as to the authenticity, authorship, date, age, period, condition, or quality of any lot.
6. Liability
Neither the Seller of any lot nor Velanord Ltd make or give, nor has any person in the employment of Velanord Ltd any authority to make or give, any representation or warranty in relation to any lot. Any implied conditions or warranties are excluded. All statements contained in the Catalogue as to the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition, or quality of any lot are statements of opinion only and are not to be taken as or implying statements or representations of fact. Lots are sold subject to all faults and errors in description or otherwise.
7. Indemnity
The vendor shall duly indemnify Velanord Ltd against any claim in connection with any goods sold by Velanord Ltd on the vendor’s behalf.
8. Payment
The Purchaser shall pay the Hammer Price together with a premium of 20% of this Price. This premium will apply to all Purchasers.
Payment is accepted by Visa and Mastercard. Payment is also accepted by most debit cards with no surcharge.
Overseas clients are requested to settle accounts by Bank Transfer, Visa, or Mastercard. Paypal payments are subject to 4% surcharge.
9. Delivery
Lots will only be released once payment in full has been received from the Purchaser. Lots will be dispatched by Registered Mail, insured or air mail post, or courier. Shipping costs will be paid by the Purchaser.
10. Jurisdiction
These Conditions shall be governed by English law, and the parties submit to the exclusive jurisdiction of the English courts.