Conditions of Business for our Auctions
Please read these Terms and Conditions carefully. By using this website, you indicate your acceptance of these Terms and Conditions. If you do not accept these terms and conditions, please do not use this website.
Auctioneer Acting as Agent
- Lot 100 acts as agent for the seller of each individual lot
Acceptance of Bids
- All bids shall be treated as offers made upon the terms and conditions of sale. When you confirm your bid you are making a commitment to purchase – and it is legally binding.
- The highest approved bidder shall be the Purchaser. If a dispute arises as to a bid, the lot in dispute may be put up for sale again at the last undisputed bid and any dispute whatsoever in respect of the property or the sale and delivery of the goods shall be determined by the auctioneer.
- The bidding shall be regulated by the auctioneer and no bids shall be retracted.
- The auctioneer has the right to refuse any bid at his absolute discretion.
- The auctioneer retains the right to group together any lots, or to divide any lots during the sale, and in the case of lots upon which there is a reserve, the auctioneer has the right to bid on behalf of the vendor, or to withdraw a lot(s) from sale.
- The auctioneer accepts no liability for any failure or delay in placing bids or any errors contained in bids placed via the online sale platform. In using the online sale platform you agree that you are doing so at your own risk.
- The auctioneer accept no liability for delay, disruption or interruption of auction activity in the event of, but not limited to, technical problems, power cuts, electrical failure, fire, flooding and other acts of human error.
- The auctioneer reserves the right to modify the Date or Start Time of Beginning of Auction at its discretion
Viewing of Lots
- All lots are available to view in our office prior to Online auctions on designated times or by appointment.
The Buyer
- Every buyer on being declared as such by the auctioneer shall if required hand in his name and full address and if requested his bank or other suitable references.
- The purchase price payable by the buyer shall be the aggregate of the price at which the lot is knocked down and a premium of 25% of the final bid together with Value Added Tax on the premium at the prevailing rate. For example on a hammer price of €1,000, the Buyer's Premium amounts to €250 and the VAT on the Buyer's Premium amounts to €57.50, giving a total amount due of €1307.50.
Packing and Shipping
- The buyer shall be responsible for all packing and shipping costs for the purchased property. Where the Auctioneer, its employees or agents agrees to package Purchased Lots it is undertaken solely as a courtesy to buyers and is at the discretion of the Auctioneer. Under no circumstances shall the Auctioneer, its employees or agents be liable for damage of any kind and howsoever caused, theft, robbery or mishaps, delays, any duties or taxes due. Further, the Auctioneer shall not be liable for the errors or omissions of, or for any damage caused by, any packers or shippers which the Auctioneer has recommended.
Representations in Catalogue
- All statements in the catalogue or marketing and advertising are statements of opinion and are not to be relied upon as statements of fact. Descriptions or illustrations in the catalogue or advertisements are solely for guidance and are not to be relied upon for accuracy. Intending purchasers must satisfy themselves by inspection or otherwise as to the condition or authenticity of any lot. Furthermore, intending purchasers must satisfy themselves as to whether or not any lot has been repaired or restored.
- The auctioneers are not responsible for the correctness of any statement as to origin, date, age, attribution, genuineness or provenance of any lot.
- The auctioneers are not responsible for any defects in any lot.
- Condition reports will be available by request.
- It is the responsibility of the buyer to request any additional images in respect of defects to frames or the work of art, and to notice and accept these imperfections when placing a bid. There is no recourse from the auctioneer due to the transparent disclosure.
Non-Payment or Failure to Collect Purchased Lots
- If a buyer fails to pay for and/or collect any purchased Lot by the dates herein specified for payment and collection the Auctioneer shall, in its absolute discretion and without prejudice to any other rights or remedies it may have, be entitled to exercise one or more of the following rights or remedies without further notice to the buyer:
(a) To issue court proceedings for damages for breach of contract
(b) To rescind the sale of that Lot or any other Lots sold to the buyer whether at that or at any other auction
(c) To resell the Lot or cause it to be resold whether by public auction or private sale. In the event that there is a deficiency between the Total Amount Due by the buyer and the amount received by the Auctioneer on such resale after deduction of any necessary expenses the difference shall be paid to the Auctioneer by the buyer. Any surplus arising shall belong to the seller
(d) To store (whether at the Auctioneer’s premises or elsewhere) and insure the purchased Lot at the expense of the buyer
(e) To charge interest on the Total Amount Due at the rate of 2% per month over and above the base rate from time to time, or if there be no such rate, the nearest equivalent thereto as determined by the Auctioneer in its absolute discretion from the date on which payment is due hereunder to the date of actual payment
(f) To retain that Lot or any other Lot purchased by the buyer whether at the same or any other auction and release same to the buyer only after payment to the Auctioneer of the Total Amount Due
(g) To apply any sums which the Auctioneer received in respect of Lots being sold by the buyer towards settlement of the Total Amount Due
(h) To exercise a lien on any property of the buyer in the possession of the Auctioneer or whatever reason
- The auctioneers to be the sole judges in any dispute that may arise during the sale.
