Buyers ’ Premium
The buyers ’ bounty is 20 % + VAT.
Value Added Tax
All lots with the prefix T are subject to VAT at 20 % on the hammer price and besides on the buyers ’ agio. If Warwick and Warwick export the bunch to a location outside the UK, VAT will not be charged. All other lots, with the exception of Investment Gold Coins, are sold under the Auctioneers ’ VAT Margin Scheme and will not be subject to VAT on the mallet price. The buyers ’ bounty will be invoiced at 24 %, inclusive of VAT. Where Warwick and Warwick arrange for the export of the lot to a location outside the UK, the VAT on the buyers ’ premium will not be charged.
Investment Gold Coins
H.M.R.C. requires us to obtain the follow information from purchasers of all of the lots in this section : name ; date of birth ; current address ; call number ( if available ). In order for us to verify this information, we are required to examine one original text file from each of the following lists. We regret we are unable to accept bids from anyone not having provided the needed documentation before the sale day. list 1 : pass ; full drive license ; National Insurance tease ; birth security ; national identity card ; hotel cardinal card ( not UK residents only ). List 2 : telephone bill ; other utility bill ; deeds ; occupancy lease ; council tax bill. Investment Gold Coins are exempt from VAT on the hammer price, but are subject to VAT on the buyers ’ premium. This VAT will be listed individually on the bill, as the Investment Gold Coins are not eligible for the Auctioneers VAT Margin Scheme.
In the improbable consequence that a draw is returned, Warwick and Warwick will not be responsible for refunding any EasyLive charges.
All viewing takes place in our offices. Please call 01926 499031 to book your date. Please visit our web site for location details. On request, we are prepared to send photocopies, or scans, of more important sections of lots.
We can accept commission bids by wish human body, fax, call, e-mail and via our web site. Bidders using facsimile and electronic mail are requested to besides telephone to make surely that the bids have been received and that they are legible.
The following invite increments will be used.
Bid – increase
£50 – £100 £5
£100 – £500 £10
£500 – £1,000 £25
£1,000 – £2,000 £50
£2,000 – £5,000 £100
£5,000 – £10,000 £250
£10,000 – £20,000 £500
Above £20,000 £1,000
Successful bidders can settle their accounts in one of the take after ways, or in a combination of ways.
1. Online – firm payments to Warwick & Warwick Ltd, Lloyds Bank, Sort code : 30-91-92, Account count 01124493. Bank charges of £7.00 will be borne by the buyer when paying from accounts held outside the UK. A period of 24 hours will be allowed for clearance
2. build society check or banker ’ s draft
3. We accept Visa and Mastercard credit cards and all debit cards for invoices under £500. 4. personal cheques. These must be cleared before the buyer collects his/her purchases, unless he/she has made anterior arrangements with Warwick and Warwick. A period of 5 working days will be allowed for check clearance. If the dispatch of purchases is required after check headroom, a carriage commit will apply. Commission bidders can enclose a sign blank cheque together with their offer imprint. Cheques should be made collectible to “ Warwick and Warwick Ltd. ” and endorsed “ A/c payee ” for security system. Unused blank cheques will be returned.
Unless advised otherwise, lots will be despatched by Royal Mail or Parcelforce All batch dispatch, insurance and import charges will be borne by the buyer.
Lots may be collected from our Warwick office from the Friday after the sale. Please telephone 01926 499031 to koran your appointment. requital must be made in gain.
AUCTIONEERS ’ STANDARD TERMS AND CONDITIONS OF SALE ( 1985 REVISION )
Subject to which all lots are offered at this auction at which members of the public are present in person wish against each other for themselves or as agents.
Clause 1 ( a ) Each lot is put up subject to any reserve price imposed by the seller. ( bel ) submit to sub-clause ( a ) of this clause the highest bidder for each distribute shall be the buyer thence, at the descend of the hammer. ( cytosine ) If any dispute arises as to the highest bidder the auctioneer shall have absolute discretion to determine the quarrel and may put up again and re-sell the lot in respect of which the dispute arises.
Clause 2 ( a ) The bidding and advances shall be regulated by and at the absolute discretion of the auctioneer, and he shall have the right to refuse any bid or bids. NOTE Where an agent bids, even on behalf of a unwrap node, the auction however has the correct at his discretion to refuse any such bid. ( b ) The buyer of each set shall immediately on its sale, if required by the auction, give to him the name and address of the buyer and pay up to the auctioneer, at his discretion, the unharmed or separate of the buy money. If the buyer of any set fails to comply with any such requirement the auction may put up again and resell the distribute. If upon such re-sale a lower price is obtained than was obtained on the beginning sale the buyer in default of the first sale shall make good the remainder in price and expenses of resale which shall become a debt due from him. ( hundred ) Where an agent purchases on behalf of an undisclosed client such agent shall be personally liable for requital of the purchase money to the auction and for safe pitch of the lot to the said customer.
Clause 3 ( a ) The auction reserves the good to bid on behalf of clients and vendors. ( b ) The auctioneer reserves the properly before or during a sale to group in concert lots belonging to the lapp seller, to split up and to withdraw any distribute or lots at the auctioneer ’ s absolute discretion and without giving any reason in any font ( without liability to any electric potential buyer ). ( hundred ) The auctioneer acts as agent entirely and therefore shall not be liable for any default of the buyer ( providing he has not handed over the goods ) or seller.
Clause 4 ( a ) Each draw shall be at the buyer ’ sulfur hazard from the accrue of the hammer and shall be paid for in full moon before rescue and taken away at his expense by a buyer in the United Kingdom within 7 days from the go steady of sale and by a buyer oversea within 14 days from the date of sale or such longer time as shall be agreed in writing between the auction and the buyer. ( boron ) If any buyer fails to pay in full for any distribute within the fourth dimension stated in sub-clause ( a ) of this clause such lot may at any clock thereafter at the auctioneers discretion be put up for sale by auction again or sold privately ; if upon such re-sale a lower price is obtained than was obtained on the first base sale the buyer in default option on the inaugural sale shall make good the remainder in price and the expenses of re-sale which shall become a debt due from him or her. ( carbon ) Interest shall be collectible by the buyer on any delinquent report, the rate to be specified by each person auction.
Clause 5 ( a ) Each distribute is sold as ( i ) GENUINE unless differently described in the sale catalogue or by the auction and ( two ) correctly described ( see besides Clause 5f ). ( b-complex vitamin ) A buyer shall be at autonomy to reject any fortune if he ( one ) gives the auction written comment of intention to question the authenticity or, as the casing may be, the accuracy of the description of the draw within 7 days ( or in the lawsuit of an oversea buyer 21 days ) from go steady of sale ; AND ( two ) proves that the draw is not actual or was falsely described ; AND ( three ) returns to the auction within 30 days from the date of sale, the batch in the like condition as it was at the time of sale, provided that the auctioneer may at his absolute discretion on receiving a request in writing from the buyer cover for a reasonable period the time for the return of the lot to enable it to be submitted to an agreed technical or expert committee. note : The burden of proving a set to be not genuine, or incorrectly described, is on the buyer. The inability of a spot adept or an technical committee to express a definite opinion shall serve to discharge the burden on the buyer and shall be a ground for rejecting the fortune concerned. ( coulomb ) Where a lot has been submitted for an technical impression, all costs of such an impression shall be paid by the person who retains the item or items to which that opinion relates. ( vitamin d ) Where the buyer of a lot discharges the burden and acts in accord with sub-clause ( b ) of this article the auctioneer shall rescind the sale and repay the buyer the purchase money paid by him in respect of the draw. ( einsteinium ) No bunch shall be rejected if, subsequent to the sale it has been immersed in water, marked by an adept or expert committee, or treated by any other work unless the auctioneer ’ s license to subject the bunch to such submergence, marking or treatment has first been obtained in writing. ( f ) Any set listed under collections and respective or stated to comprise or contain a collection, or items which are undescribed shall be put up for sale not submit to rejection and shall be taken by the buyer with all ( if any ) faults, lack of authenticity and errors of description and number of items in the lot, and the buyer shall have no right to reject the lot ; except that notwithstanding the waive provisions of this sub-clause where before a sale a person intending to bid at the sale gives notice in writing to, and satisfies, the auction that any such fortune contains any item or items undescribed in the sale catalog and that person specifically describes that detail or those items in that detect, then that detail or those items shall arsenic between the auctioneer and that person, be taken to form part of the description of the batch for the purposes of sub-clause ( a ) ( b ) and ( vitamin d ) of this clause. ( deoxyguanosine monophosphate ) No distribute illustrated or scanned in the catalogue shall be rejected on the grounds of characteristics intelligibly apparent from the exemplification or scan. ( heat content ) Lots offered “ as is ” or “ offered on their merits ” may contain items that are not actual and therefore may not be returned for any reason. Neither can extensions be granted on them. ( iodine ) All bidders who have inspected the lots anterior to the auction will not be granted any reelect privileges, except for reasons of genuineness. It is presumed that all deck bidders have inspected the lots anterior to bid. ( j ) Late payment of an bill may be considered by Warwick and Warwick as barely campaign to revoke return privileges.
Clause 6 The respective rights and obligations of the parties shall be governed and interpreted by English jurisprudence, and the buyer hereby submits to the not exclusive jurisdiction of the english Courts. especial Conditions, All Auctions
1. A buyer ’ s premium of 20 % + VAT will be added to the hammer price of each lot sold.
2. While every reasonable care is taken to ensure accuracy, quantities stated in descriptions are approximate and are not to be regarded as part of the description for the purposes of the above conditions. Lots can not be rejected because of minor discrepancies in state quantities.
3. Lots purchased on behalf of mission bidders will be forwarded by the most practical method acting at the risk of the buyer. postage, freight, packing and indemnity costs shall be borne by the buyer. Lots to be sent overseas shall be forwarded by cross-file or insure air mail unless alternate instructions are provided.
4. Accounts not cleared during the month in which the sale is held are apt to have pastime added at the rate of 2 % per month or part thereof.
5. Warwick and Warwick can not guarantee that all requests for a exist telephone bid facility will be honoured, though we will endeavour to do so. We can not be held creditworthy for any miss calls due to human mistake or technical foul failings.
6. Warwick and Warwick accept commission bids only on the footing that they are not held responsible for any errors that may occur, either in infection of the bids or their execution.
7. The place of a bid will be taken as full agreement to the above conditions.
special Condition, Toy Auctions
Warwick and Warwick endeavour to describe lots as accurately and ampere fairly as possible. The condition description relates to the appearance of the item. No guarantee can be given on the mechanical or electric process of any item. Warwick and Warwick have not checked the electrical condom of any item and every buyer should have electric items checked by a qualified electrician before using them. Any description or assessment of an item or its condition must be regarded as opinion only and can not form separate of any legal contract. Where we have identified detail faults or damage to items, reference book to such faults does not imply the absence of others, nor does the miss of such a address imply that any item is free of faults. prospective purchasers must satisfy themselves as to the suitability of lots before placing a invite.
Special Condition, Stamp Auctions
Warwick and Warwick exercises all reasonable wish to ensure that all statements as to cancellations, centring, color, condition, date of exit, postal grade, glue, margins, paper, perforation, printing birthplace, quality sheet placement, status, usage, watermarks etc. in lot descriptions are dependable and accurate and that each item is genuine unless the adverse is indicated. however the statements are not intended to be, are not and are not to be taken to be, statements of fact or representations of fact in sexual intercourse to the lot. They are statements of the opinion of the auctioneers and attention is peculiarly drawn to clause 5 of the Standard Terms and Conditions of Sale set out above. Comments and opinions, concerning the characteristics mentioned above, which may be found in or on lots as notes, lists, catalogue prices, writing-up or any other means of formulation, do not constitute part of the batch description and are not to be taken as such unless they are made or specifically verified by the auctioneers.
Bids from minors can not be accepted.
The following bid increments will be used.
£50 – £100 £5
£100 – £500 £10
£500 – £1,000 £25
£1,000 – £2,000 £50
£2,000 – £5,000 £100
£5,000 – £10,000 £250
£10,000 – £20,000 £500
Above £20,000 £1,000
The letters in brackets at the end of the batch descriptions are for the appliance of the office staff and indicate where the lots are stored.
ABBREVIATIONS AND DEFINITIONS
U.M. — Unmounted Mint. Unhinged ‘ Post Office ’ condition with full gumwood.
M. — Mint. As above, but with light peelable hinge.
o.g. — Unused with original gum, hinged.
unused — Without glue.
F.U. — Fine used.
c.d.s. — circular date stamp.
M/S — Miniature sheet.
S.G. — Stanley Gibbons catalogue. All cat. values are taken from the latest vailable S.G. Iistings, unless differently stated.
F.D.C. — First Day cover.
s.t.c. — Stated to catalogue. Catalogue measure supplied by the seller, while believed to be accurate, can not be guaranteed.
‘ set to £1 ’ or ‘ to £1 ’ — Indicates a accomplished fixed.
‘ values to £1 ’ — Denotes that the jell is incomplete, but with a choice to the rate indicated.
wmk. — Watermark.
pl. — Plate.
volt-ampere. — Variety.
phos. — Phosphor.
O. — Ordinary paper.
C. — Chalk – surfaced newspaper.
MC — Maltese Cross.
F.F.C. — beginning Flight cover.
P/S — Pre-stamp top.
ms — Manuscript.
env. — Envelope.
h/s — Handstamp.
* * * — Fine strike.
* * — well strike.
* Moderate rap.
R.P. — substantial Photographic.
p.u. — Postally Used.
u./b. — Undivided binding.
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