Sale Terms and Important Information

1)    All lots will be offered for sale subject to these conditions of sale for veteran,
 vintage and classic vehicles.

 2)    Charterhouse act as agents for the vendor of each lot and shall not be party to or liable in any manner whatsoever on any contract of sale between the seller and the buyer.

 3)    The Buyer.

 a)    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 at the sale who is
 successful in purchasing any lot or lots is entirely responsible for paying for such
 lot or lots in accordance with our terms of business. Purchases made on behalf of
 a third party are entirely the responsibility of the bidder at the sale. 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.

 b)    The buyer of any lot shall be solely responsible for conforming with the

 requirements of the Road Traffic Acts, the Construction and Use of Motor Vehicle
 Regulations and all relevant orders, rules and legislation made in connection
 therewith.

 c)     The buyer of any lot shall be solely responsible for the obtaining of any export

 license that may be required in connection with any lot purchased. (see below)

Export Licenses

i)      Buyers are reminded that an export license is required for some vehicles,
 Including those purchased for more than £15,999 and manufactured or produced
 50 years prior to the date of export. Certain other items including, inter alia, all
 manuscripts and documents 50 or more years old and photographic material 60
 or more years old and valued at £400 or more may require export licenses.

ii)     It should be noted that export licenses usually take a minimum of four weeks to
 obtain and buyers are reminded that their purchases must be stored away from
 the auction site, at their cost, pending export.

iii)    Buyers are reminded that it is a serious offence to breach or attempt the
 regulations concerning export licenses.

4)    Buyers are reminded that their purchases are held at their risk from the fall of the
 hammer and Charterhouse will not accept any liability for loss of or damage to any lot.

5)    Registration. To assist the progress of the sale, all prospective buyers who attend

 the auction in person must register their name and address at reception and

 collect a numbered bidding card before the sale commences. This card may be

 used to indicate your bids to the auctioneer during the sale. Two forms of

 identification need to be supplied to register, at least one with name, address,

 signature and preferably photograph, for example a new style driving license. For

 prospective buyers who will not be at the sale, either because they are leaving

 absentee bids or are having a telephone bid, and who are interested in a vehicle,

 a £500.00 deposit will need to be paid. This will be refunded if the bid is not

 successful.  If the bid is successful, this sum will be used towards the final bill.

6)    Buyer’s premium. 12.5% plus VAT on vehicles, 15% plus VAT on automobilia.

7)    Value Added Tax. Lots on which Value Added Tax may be payable by the buyer
 on the “hammer price” are indicated in the catalogue by a symbol beside the lot
 number. The buyer shall pay any VAT which may be due on any amounts owed by
 the buyer under these Conditions of Sale at the rates prevailing on the day of the
 auction.

8)    Auctioneers Margin Scheme. The Auctioneers Margin Scheme allows auctioneers
 to sell items without VAT on the hammer price. Under the margin scheme an
 amount equivalent to VAT at the current rate is added to the buyer’s premium.
 This amount cannot be refunded. The VAT element will not be shown separately on the buyer’s invoice.

9)    Payment. The purchase price must be paid by the buyer to Charterhouse no later
 than 12 noon on the next working day following the sale. Our methods of
 payment are with cash or card, or bank transfer on a banking day (not Saturday or
 Sunday). Cash for amounts over £8,000 will not be accepted.  Cheques will not be
 accepted. All purchasers must be paid in full before any lot is removed from the
 premises, no goods will be released to buyers unknown to the auctioneers
 without full payment in to Charterhouse’s bank account. Anyone who, for
 whatever reason, is unable to pay for their goods on the day of the sale, must
 inform the Accounts department as to the date and method that payment will be
 made. Accounts not paid within fourteen days will automatically be subject to an
 interest charge of 5% above base rate from the day of sale.

 a)    Please contact the office for our bank details.

 10)  Description.

a)    All lots are sold and purchased ‘as seen’. A vehicle sold ‘as seen’ is sold and

 purchased for what it is and with all its faults (if any) and without any condition, warranty or other term (whether expressed or implied and whether implied by

 statute, common law, custom or otherwise) as to the age, description, mileage,
 suitability, fitness for purpose, merchantable quality or roadworthiness of the
 vehicle. 

b)    Every effort has been made to ensure the accuracy of the description of each lot,
 but these, whether made orally or in the catalogue, are expressions of opinion
 and not representations of fact.  Illustrations whether in the catalogue, on the
 web site, or sent by email are solely for guidance and must not be relied upon in
 any manner whatsoever. Most lots are of an age and nature which precludes their
 being in pristine condition. The condition of any lot and the nature of any damage
 and/or restoration should be confirmed by the buyer by examination prior to the
 sale. All prospective purchasers must satisfy themselves as to the condition,
 colour, age and all other matters relating to any lot and no claims will be accepted
 in respect of any such matter.

c)     Each buyer by making a bid for a lot acknowledges that they have satisfied
 themselves fully as to the 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.

 d)    Whilst every endeavor has been made to ensure that the items lotted in this

 catalogue will be available and offered for sale in catalogue order, no responsibility
 can be accepted by the auctioneers for variations and omissions due to
 circumstances beyond their control.  Neither Charterhouse nor the sellers of any
 lot will accept responsibility for any misrepresentations, mis-descriptions or
 omissions obtained in this catalogue.

 11)  Contract of Sale.

a)    On the fall of the hammer, a contract of sale is completed between the seller and

 the buyer. Charterhouse is not a party to the contract of sale and shall not be
 liable for any breach thereof by the buyer or the seller.

 b)    If successful in buying a lot, please ensure that your number can be seen by the

 auctioneer and that it is your number that is called out. Should there be any
 doubts as to price or buyer, please draw the auctioneer’s attention to it
 immediately. Please contact the accounts desk with details of how you will pay.

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

12)  Transfer of Risk. Each lot shall be the purchaser’s sole risk from the fall of the
 hammer and shall be sold with all faults and imperfections, the auctioneer not
 being responsible for the correct description, genuineness or authenticity of any
 lot and making no warranty whatsoever. The purchaser is deemed to have
 inspected the lots and satisfied himself as to their condition.

13)  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, ie 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.

14)  Telephone Bids. Requests for telephone bidding must be registered with the
 Accounts department 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.

15)  Collection of Goods. No lots can be removed whilst the auctions are in progress on either auction day, or on Saturday 17th or Sunday 18th May. Collection can be made on Monday 19th between10am and -4pm and on Tuesday 20th May 10am -2pm, without appointment.

After this time, collection can be made by appointment with Frank Loft via Charterhouse

Vehicles and heavier items of automobilia not collected after Friday 23rd May will incur a cost of £20 plus VAT per day or part thereof.

Smaller items of Automobilia can be brought back to Charterhouse after Tuesday 20th, at a cost of £10 per lot plus VAT. Items we are unable to remove will be indicated in the online condition reports.

Prior to the 20th May, Motorbikes can be brought back to Charterhouse for collection at a cost of £100 plus VAT per bike. We are unable to remove Motorcycle combinations or cars, but are able to recommend removal companies if requested.

It is requested that buyers make sure they bring help if needed to remove bought lots, as there will be no assistance available.

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