Sale Terms and Important Information

Important Information

Sale Currency: GBP 

Buyer's premium 22%

VAT on Hammer: 20% - VAT on Buyers Premium 20%

Please make sure to complete payment for winning bids within 48 hours upon receiving the payment request.

If you do not act, your successfully won items may be relisted for another auction.

• All Lots are subject to a buyer’s premium (BP), this is shown in the auction catalogue page and also on each lot page
• VAT is always applicable to the BP; each lot will state if VAT is applicable to the hammer price
• Payment methods are bank transfer, debit, or credit card via I-bidder. We do not accept cheques, payments over the phone
• Bank surcharges may apply to your chosen method of payment.
• We do not accept card payments over £100, values over £100 is to be made by bank transfer
• It should be acknowledged that late payment fees will be imposed when relevant. Moreover, neglecting to make the payment for merchandise can also lead to exclusion from future bidding opportunities.

Terms & Conditions

The terms and conditions stated here pertain to vendors, bidders, and buyers who wish to participate in the sale of our lots. It is crucial that you attentively review these terms before engaging with us by either instructing us to sell merchandise or placing a bid on goods. These terms will hold you accountable once we approve your order or accept your bid.

The terms of this contract shall be interpreted in the following manner:

1.1 ‘We / Us’ are RPTradersmarket Ltd

1.2‘You’ are the customer (you may be a Bidder, a Buyer or a Seller).

1.3The ‘Seller’ is the person who has posted the products for sale with the auctioneer and has the legitimate and advantageous title to the goods specified in the lot and/or any agent(s) allowed to operate on their behalf.

1.4 'The Bidder' is the individual who, whether at a public auction or a private sale, successfully bids for an object.

1.5 'Bid means an attempt to buy a Lot in compliance with these Terms submitted by a Buyer.

1.6‘a Bidder’ shall refer to any bidder, whether successful or not.

1.7 'Auction' means a public or private sale in which the auctioneer sells goods belonging to the seller to the highest bidder.

1.8 ‘Buyer Premium' refers to a 24 percent premium that is incurred unless otherwise stated, on the hammer price of all lots.

1.9 ‘Hammer Price’ shall mean the highest bid accepted by us.

1.10 ‘Goods’ refers to the items submitted for an auction by a Seller (whether one item or a set or group of items).

1.11 ‘Lot’ means any Goods sold at an auction.

1.12 ‘Working Day’ means any day that our office and auctions are open for business

1.13 ‘VAT’ means Value Added Tax at [the current rate] of the Lot price, unless otherwise indicated:

To the degree that these requirements are incompatible with certain unique conditions,

Special provisions shall prevail under the conditions laid down or alluded to in the auction catalogue or told at the auction.

2. Specific provisions regulating bidding and purchasing

2.1 If a buyer submits an offer to buy some lot(s), the buyer must conclude the deal by providing:

(a) their offer has been approved as the highest value bid for the lot, once the auction has been closed for that lot;

(b) The value of their bid is at least equal to or greater than the minimum reserve price fixed by the seller for the lot (if any).

2.2 The buyer may cancel the contract for the purchase of the lot only if the goods comprising the lot do not significantly agree with the details given in the catalogue of the auction in relation to them and any such question should be raised with the seller and the auctioneer as soon as possible and, in any event, within 10 days of receipt of the goods.

RPTradersmarket would not be responsible for misleading representations of a lot beyond the key and content elements

Buyers or potential buyers acknowledge that any definition beyond the physical attributes of a lot, such as its age, origin, condition, brand, and any additional descriptions not related to the material characteristics, will be subjective. It should be noted that the absence of a guide on the condition does not imply that the lot is flawless.

No oral or written description of any lot rendered prior to selling shall be treated as a representation of reality outside of the visible and material characteristics of the lot.

2.3 The placing of a bid entitles the auctioneer and any purchaser to depend on the offer as a legitimate offer to buy the items included in the lot.

2.4 Prospective bidders have the option to examine the lots for sale. If interested in viewing any of the lots, please contact the auctioneer via email at sales@rptradersmarket.com. To arrange a showing, kindly provide a minimum 24-hour notice to the auctioneer. It is important to note that during the last 24 hours leading up to the sale's end, showings of any lot cannot be guaranteed by the auctioneer. At their discretion, auctioneers may request a refundable deposit before allowing access to view specific lots.

2.5 Any submission for details regarding a lot must be made via email, either through the lot enquiry form for each lot, or by email to sales@rptradersmarket.com. Potential bidders must enrol for an auction to obtain details regarding a lot.

3. Conduct of an Auction

3.1 All lot can unless otherwise specified in the auction catalogue, be subject to a minimum reserve price fixed by the seller, which is binding on all bidders.

3.2 At any moment, the auctioneer may deny any offer or refuse to accept any bid from any individual.

3.3 A reservation price may be offered or withheld by the auctioneer at any moment.

3.4 Unless otherwise stated in the auction catalogue, the seller or his agent, or the auctioneer on his behalf, may bid for any lot.

3.5 The auctioneer may remove or split any lot or merge any lot at any time prior to the dropping of the hammer.

3.6 The auctioneer may declare a bidder who submits the highest value offer for any lot the winner before the auction is closed.

3.7 In the event that a bidder submits an offer right before the auction ends, the auctioneer can promptly extend the bidding period for ten (10) minutes to allow for further bids on the lot.

3.8 The auctioneer has complete authority to determine if a bid is successful. They have the power to resolve disputes between bidders, decide on the final bid amount, and determine when an auction ends and at what price. Additionally, they can choose to immediately re-list an item for sale without providing any explanation.

3.9 The auctioneer shall determine, above all other ways, how to perform the auction without being asked to offer a justification.

3.10 The auctioneer has the authority to reject any bid that, in its judgment, does not reflect a reasonable worth.

3.11 We cannot be held liable for any errors on the website, problems with registration / accepting bids.

3.12 The importance of the item definition surpasses that of the pictures. In cases where original photos cannot be provided, we maintain the authority to utilize stock or catalogue images. It is advised to exercise caution when bidding on an object accompanied by a stock picture, as there may be variations in colours and sizes compared to the actual item being sold. Please note that no warranty is provided.

4. After the Sale

4.1   After the auctioneer announces the auction for any Lot to be closed and the Lot to be sold, the Buyer shall immediately arrange to pay by way of direct payment into the nominated bank account of the Auctioneer (details of which shall be provided to the Buyer by the Auctioneer).

4.2 Payments shall be in pounds sterling (£) (unless otherwise indicated).

4.3 Unless specifically mentioned by the auctioneer, all prices are susceptible to value-added tax or other applicable charges, as well as distribution and insurance expenses. This includes instances where the information is provided in the auction catalog or any other means of communication.

4.4 Within 48 hours after the auction, the buyer is required to make full payment of the specified amounts to the auctioneer.

(a) the balance of the price due for the Lot together with any VAT due (including but not limited to the Buyer’s Premium) and packaging and shipping cost; or

(b) In cases where the final price of the lot is not immediately determined after the sale ends, the auctioneer's determination of either the entire lot or a portion thereof will serve as its valuation. The decision made by the auctioneer is deemed final and binding.

(c) Method of payments accepted: bank transfer will be required. No other payment methods are accepted.

4.5 If, according to these provisions, the buyer fails to make any payment payable to the auctioneer by the due date for payment, the buyer shall:

(a)    To be contacted via email and telephone by the auctioneer.

(b)    Pay the Lot's storage costs at £ 20 per lot per day

4.6 We shall resell the Lot by public auction or private selling if the Buyer fails to make payment as necessary, which may be as soon as the next business day after the day on which payment is due. The shortfall (if any) resulting from the resale as against the original amount, along with a re-listing / admin charge equivalent to 20% of the gross amount of the invoice due as a default liability of the Buyer on the first transaction, shall be deducted from the credit card of the Buyer registered with us.

4.7 Some auctions will be delivery only and in this case:

(a)    The Auctioneer will email the Buyer a payment request for the whole order's packaging and shipping charges once the auction has concluded. All customers must pay for shipping two days after the end of the sale the goods were purchased from. Failure to do this will result in the winning items being re-lotted and ‘no refunds’ will be given.

(b)    Shipment of fragile items such as TVs, monitors, glassware etc. will be made via courier if the buyer is willing to accept responsibility for the order in transit.

(c)    Standard terms & conditions limit liability to a maximum cover per consignment of £60. Exclusions apply. There will be an option for to apply insurance via Securus insurance at the rate of £20 per £1000 subject to VAT

(d)    The buyer accepts responsibility in the eventuality of loss, damage or theft of the consignment above the £60 amount if the buyer declines to fully insure the consignment.

(e)    In the unlikely case the shipment is lost, damaged or the contains are missing, the buyer must notify the auctioneer within 5 days from the estimated delivery time for loss claims or 3 days from delivery date for damaged and theft claims. We will make the claim with the courier and the buyer will be reimbursed if/when the courier company accepts the claims and transfers the funds to us.

5. Liability of the Auctioneer

5.1 The items sold in each lot are sold as seen, with all flaws and imperfections and any mistakes in the definition which do not apply to the item characteristics, so the auctioneer is not responsible for any defects whatsoever (whether latent or not). Bidders are known to be happy with the state of every lot they are bidding on.

5.2 No written or oral guarantee is given on any lot by RPTradersmarket or its agents, unless explicitly specified in the summary of the goods. Any product photos promoting any other guarantee are invalid as specified in the definition of the product

5.3 And, please remember that we do not evaluate electrical devices. We may not have any guarantee or representation that electrical products are in working order. Electrical or mechanical device purchasers are recommended to get the products tested before using them by a trained electrician or mechanic. The auctioneer shall not be responsible for any damage resulting from or induced by the usage of those items.

5.4 For the authenticity of any lot, neither the seller nor we are liable. However, the following applies if the customer wants to question the authenticity of a lot:

(a)    Any challenge to the authenticity of a Lot must be initiated by the Buyer giving written notice that the Lot is a forgery in his opinion within 14 days after the selling

(b)    The Buyer must return the lot to us within 28 days of such notice in the same state as at the time of selling followed by documentation (the presumption of proof to be on the Buyer) to convince us that, in the light of the entry in the catalog, the Lot is a forgery. The Consumer must still ensure that a successful and marketable title to the Lot will also be passed clear of all third-party claims to the Lot.

(c)    In this situation, the selling of the lot will be cancelled, and the purchasing price will be refunded.

(d)    The Seller and the Customer agree to be bound by our decisions. We are allowed to request the advice of any professional or other authority before determining whether the lot is a forgery.

 5.5 Upon auction registration the buyer accepts that a sale by auction is not a consumer sale for the purpose of the Consumer Rights Act 2015 and the buyer shall not seek to rely upon any conditions or warranties implied thereby or by any other legislation, save as set out in section 2 (6) of the Consumer Rights Act 2015.

 6. Data Protection

6.1 The Buyer acknowledges and agrees that (as provided in the Auctioneer’s Privacy Policy) The Auctioneer may collect, process and store personal data and feedback regarding the Buyer’s transactions with The Auctioneer and share this personal data with any Sellers who are entering a contract with the Buyer. This is on an ongoing basis to ensure the integrity and reputation of The Auctioneer and to allow The Auctioneer, Sellers and Buyers to complete the transaction.

7. Guidance on Registration

7.1 The auctioneer retains the right without warning or redress to deny a bidder's registration to bid.

7.2 The Auctioneer reserves the right to request a deposit from all or any bidders at any time.

7.3 At registration, the bidder must give his full name, and the initials and nicknames are not valid.

8. General Conditions

8.1 We document all our telephone calls. We reserve the right to, in the case of a disagreement, use them as facts.

8.2 All auctions are Business to Business transactions and not a retail transaction.

8.3 Online Auctions are not governed by Consumer Protection (Distance Selling) Regulations 2000 or the Cancellation of Contracts made in a Consumer’s home or place of work Regulations 2008. A buyer can only enact their right to cancel a sale in the event the goods are deemed to be materially different to the description offered. The most current legislation is the Consumer Contracts Regulations 2013 which supersede any previous legislation.

9. Dispute Resolution, Remedies and Set Off

9.1 In any case, the buyer has 10 days to raise a dispute over the good received from receipt of the item. At the earliest chance, but no more than 10 days after receipt, the buyer can alert the seller and auctioneer of any perceived problems.

9.2 Bidders who submit charge backs will be charged the following:

(a) Administrative charge of £250 plus VAT to defend the charge back.

(b) The charges for storing items will start as soon as we receive the Charge Back notice from our bank, and this will continue for a 28-day period. Each item will be charged at a rate of £45 per day, in addition to Vat. We are committed to making efforts to recover all of our premiums.

(c) All Chargebacks will be pursued through the courts.

9.3 The below charges shall be incurred by the Bidder if the Auctioneer has to issues proceedings:

(a) The charges for the solicitor range from £150 to £ 350 plus VAT for the issuance of the proceedings.

(b) For the original letter submitted by the solicitor, £35 plus VAT; and

(c) All court fines, including but not limited to £150 missed income, commuting expenses and £165 trial fees.

(d) Our court attendance rate for attorneys is £400 plus VAT per hour, plus expenses.

(f) For handling a legal claim, our personnel cost is £100 plus VAT per hour plus expenses.

9. General

Any waiver by us of any violation of this contract shall in no form and shall not be construed as a waiver of any further violations of the same or any other clauses.

We may amend the terms of this contract from time to time. as such, it is important that you visit our website for the most up to date version of the terms prior to engaging in an Auction.