TECHBID AUCTION TERMS & CONDITIONS

Full details including an address, landline & mobile telephone numbers and a valid email address must be provided in order to receive approval for bidding. In the event of a bid being received within 10 minutes of the scheduled closing time, the bidding period on that lot will automatically extend by a further 10 minutes and for a further 10mins for any bid received thereafter. When bidding, do not forget to ‘REFRESH’ your screen to ensure you are aware of current bids. All approved bidders will automatically have their details placed on our database for notification of futures sales undertaken by Techbid. In the event that you wish to have your details excluded from our database, please email unsubscribe@techbid.co.uk with ‘Unsubscribe’ in the subject line.

Due to the nature and process of these timed auction sales, the online catalogue may be updated regularly until the sale day. All lots are sold as seen, untested, as provided to us by the vendors and without any warranties whatsoever, either express or implied. They are sold as they lie with all faults and errors or mis-statement of description, measurement, weight, quantity, quality, numbered or otherwise (including accuracy of guide photographs and whether of substantial nature or not). A period of at least 7 days prior to the auction closing is provided for prospective bidders to satisfy themselves about the nature and condition of any items of interest. Viewing is at our London offices and is strictly by appointment by emailing viewing@techbid.co.uk with a preferred time. The purchaser shall be deemed to have inspected the lot he buys and if he buys without previous inspection he shall do so at his own risk. No oral or written representation made prior to or at the time of sale of any lot shall be deemed to be incorporated in such sale nor to have induced any purchaser to bid therefore the lots are not sold by sample but in any case if a sample shall be displayed it shall be on the understanding that the contract of sale shall contain no implied condition or warranty as to the quality or fitness or otherwise or that the lots are free from any defects rendering them merchantable or are reasonably fit for the purpose for which they were purchased. It is recommended that buyers do not bid unless they or their agent have physically examined lots to their satisfaction prior to doing so as absolutely no refunds can be given for any reason after the sale.

Although no form of warranty is given with any lot, the auctioneers will use their best endeavours to provide the history of any item if requested, whilst protecting the identity of vendors. Where specific items have been tested, this is often stated in the catalogue descriptions. Alternatively, engineer’s reports are available upon request at £50+VAT per item. The hour and odometer readings on machinery and vehicles in this sale cannot be warranted and should not be relied upon. Due to the Data Protection Act, all software and data may be removed from computers prior to selling and is not part of the sale unless specified, whereby the buyer would need to obtain the appropriate licence from the software providers prior to use.

A Buyers Premium of 15% is incurred on the hammer price on all lots unless stated otherwise. All lots are subject to the addition of VAT on the total. Techbid is unable to refund the VAT on the buyers premium in any circumstances, even if for export.

Techbid reserves the right to reject any bidders even if previously approved to bid. Techbid aims to notify successful bidders by email within 24hrs of the end of the sale. Purchased lots are the responsibility of the buyer from the moment the lot is shown as sold. Techbid shall be under no liability for subsequent loss or damage, however caused. In the event of a third party proving to have a superior title or right to custody or possession of any lot the vendor may rescind the contract of sale and upon return of any deposit and/or purchase price to the purchasers neither the vendor not Techbid shall be under any further liability to the purchaser. Techbid is a trading name of The Television Set Limited.

Overseas bidders should ensure that their country, or the country to which the items are destined, holds no import restrictions on the particular goods and that the country has no import licence restrictions or restriction on currency allocation and no prolonged inspection procedure which might cause excessive delay in allowing the goods to be imported. Please also ensure that you have read & fully understand these conditions of sale and employ a reputable freight-forwarding organisation.

PAYMENT

Successful bidders will receive a proforma pdf invoice by email which for immediate settlement by debit card or cash. Card payments can be made by ringing Techbid on +44 207 436 6899, quoting your bidder number. We regret that credit cards and cheques are not acceptable payment methods.

The quickest & simplest method of payment is by debit card which is free of charge. Overseas buyers may settle by bank transfer but must be aware that any payments made by this method may take several days to reach our account which will delay the collection of purchased lots. All bank fees must be paid by the buyer with further delays until the full amount payable has been received. If you use this method, be sure to state `Techbid+Your Bidder Number` as the reference.

All lots are subject to a 15% Buyers Premium plus VAT at the UK prevailing rate. Note that VAT is payable on buyers premium even where goods are exported. All queries regarding payment should be directed to our auction sales accounts team at: accounts@techbid.co.uk

CLEARANCE ARRANGEMENTS

All lots MUST be removed from the site within 10 working days of the closing date, except for overseas buyers who will be given an additional FIVE days to remove lots. After this period, a £60 storage fee will be added to the cost per item per week.

Collection is by appointment from: TV Set, 10-11 Percy Street, London W1T 1DN, UK from 10am to 5pm, Monday to Friday. Any uncollected items may be disposed of after 20 working days from the end of sale. In the event of any lots not being paid for or not being removed within this period Techbid shall immediately thereafter be at liberty to rescind the contract and without notice to the purchaser to resell such lot or lots by public or private sale. In the event of any such resale, any loss or damage (including storage charges) suffered by the vendor shall be forthwith recoverable from the purchaser by the vendor.

The risk in each lot shall pass to the purchaser following notification of the successful bid and the purchaser is strongly advised to effect insurance at once, irrespective of the fact that ownership of each lot remains vested in the vendor and the purchaser shall not be entitled to remove any lot until payment in full has been made for each and every lot purchased by him at the sale.

Techbid does not automatically undertake packaging, postage, delivery or shipment of goods and the bidder must make his own arrangements to comply with the clearance terms. However, we will be happy to provide a quotation for these services upon request (email us at: shipping@techbid.co.uk).

Purchasers are advised to bring some form of identification when collecting won lots and should ensure that their contractors hold sufficient public liability insurance, copies of which should be made available to Techbid if demanded. Techbid will only permit removal of lots by the successful purchaser or their duly appointed agent.