Dunn Bros SW Ltd – Timed Online Auction Terms and Conditions
Company: Dunn Bros SW Ltd (Registered in England No. 13885838) (Auctioneer).
Scope: These Terms and Conditions apply exclusively to Timed Online Auctions conducted via BidSpotter and i-bidder.

1. Contract and Governing Documents
   1.1 These Terms and Conditions (Agreement).
   1.2 The Auction Sale Catalogue and any Lot listing.
   1.3 Any saleroom notices or Auctioneer announcements (including online notices).
   Conflicts are resolved in the order above.

2. Definitions
   After-Auction Sale – Sale of any Lot after auction which did not meet its Reserve Price.
   Auction – Any timed online auction conducted by Dunn Bros SW Ltd.
   Auctioneer – Dunn Bros SW Ltd, its staff, representatives, and authorised persons.
   Bidder – A person registered and issued with a bidding login.
   Buyers Premium – The commission payable in addition to the Hammer Price (see Clause 7).
   Commission Bid – A pre-set maximum bid placed by a Bidder.
   Deposit – Any advance payment required under Clause 4.
   Hammer Price – The highest bid accepted by the Auctioneer.
   Lot – Any item offered for sale.
   Purchaser – The highest Bidder accepted by the Auctioneer.
   Reserve Price – The minimum bid acceptable to the Vendor.
   VAT – Value Added Tax, as applicable.
   Vendor – The seller of the Lot.

3. Registration
   3.1 Bidders must register at least 24 hours before any Auction.
   3.2 Approval is at the Auctioneer’s discretion.
   3.3 Bidders act as principals unless agency is declared and confirmed in writing.
   3.4 Bidders are responsible for all bids placed via their account.
   3.5 By registering, Bidders consent to receive communications via SMS or email (see Privacy Policy).

4. Deposits
   4.1 A refundable Deposit (from £1,000) may be required, scaled to credit limits.
   4.2 Bidders intending to spend £50,000 or more (excluding VAT and fees) must notify the Auctioneer; a deposit of 10% of projected spend may be requested.
   4.3 Deposits are refunded in GBP if no purchase is made and no balance remains.
   4.4 Deposits may be retained against prior debts.
   4.5 Refund times vary by card issuer.
   4.6 Failure to comply may result in bid refusal.

5. Bidding (Timed Online Auctions)
   5.1 Bidding opens no earlier than 21 days before the auction close.
   5.2 Commission or maximum bids may be placed at any time before auction close.
   5.3 All bids are binding and irrevocable, even if placed in error.
   5.4 The Auctioneer may refuse bids or withdraw Lots at its discretion.
   5.5 Online bidding is at the Bidder’s risk.
   5.6 The highest valid bid at or above reserve wins.
   5.7 Bids under reserve remain binding for 48 hours post-Auction.
   5.8 Sub-reserve bids accepted will be confirmed by updated invoice.
   5.9 Any negotiation post-Auction must be confirmed in writing.

6. After-Auction Sales
   6.1 Bidders may be contacted up to 14 days post-Auction regarding unsold Lots.
   6.2 Any sale requires written acceptance by both Vendor and Bidder.
   6.3 Buyers Premium applies as if sold at auction.

7. Buyers Premium (Timed Online Auctions Only)
   7.1 A Buyer’s Premium is payable on all Lots sold, calculated as follows:
   a. 20% on the total Hammer Price where the Hammer Price is £10,000 or less; and
   b. 10% on the total Hammer Price where the Hammer Price exceeds £10,000.
   7.2 Once the Hammer Price exceeds £10,000, the reduced 10% rate applies to the entire Hammer Price.
   7.3 All Buyer’s Premium charges are subject to VAT at the prevailing rate.
   7.4 No hidden or additional charges apply. Dunn Bros SW Ltd absorbs all BidSpotter and i-bidder platform fees, so the Purchaser pays only the Hammer Price + Buyer’s Premium + VAT.

8. Lot Descriptions and Condition
   8.1 All Lots are sold “as seen”, with all faults, imperfections, and errors of description.
   8.2 Descriptions (make, model, mileage, hours, year, etc.) are for identification only and supplied by the Vendor. No warranties are given or implied.
   8.3 No guarantees are made regarding CE marking, roadworthiness, fitness for purpose, or legal compliance.
   8.4 Purchasers must satisfy themselves as to condition and compliance before bidding.
   8.5 Risk passes to the Purchaser on the fall of the hammer.

9. Payment
   9.1 Full payment is due within 7 days of the Auction.
   9.2 Accepted methods: Bank transfer, Cash (up to £5,000 per transaction), Cheque (subject to clearing), UK personal debit card (Chip and PIN).
   9.3 International transfers must cover all fees; exchange rates apply only on invoice date.
   9.4 Third-party payments require prior written approval.
   9.5 Late payments incur interest at 4% above Bank of England base rate.

9.2A Cash Limit (AML Compliance)
Cash payments are capped at £5,000 per transaction. Higher amounts must be paid by other methods.

10. Non-Payment
    10.1 If Lots remain unpaid after 14 days, the Auctioneer may:
    Re-consign and sell unreserved,
    Deduct fees or storage from proceeds,
    Sell via third-party auction,
    Instruct debt recovery (fees 15% plus VAT).

11. VAT
    11.1 VAT is payable on the Hammer Price and Buyers Premium unless valid export proof is provided within 30 days.
    11.2 EU Purchasers: zero-rating possible with valid VAT registration and export proof.
    11.3 Non-EU Purchasers: VAT charged, refundable with original bill of lading.
    11.4 VAT reclaim is subject to Auctioneer verification.

12. Collection, Title and Storage
    12.1 Lots must be collected within 3 weeks of the Auction and only after cleared payment.
    12.2 Storage charges: £10 per Lot per day after 3 weeks.
    12.3 Risk transfers on hammer; title passes only on cleared payment.
    12.4 Auctioneer accepts no liability for delays or missing items after sale.
    12.5 V5C Completion (Vehicles): Where a vehicle is sold with a V5C, the Purchaser must complete the V5C on site with accurate details before the vehicle leaves. No vehicle will be released otherwise.

13. Miscellaneous
    13.1 Collusion between Bidders and Vendors is prohibited.
    13.2 Errors in bidder number allocation do not invalidate a purchase; invoices may be corrected.
    13.3 All bids are in GBP; exchange-rate guidance is indicative only.

14. Variation, Law and Jurisdiction
    14.1 These Terms may only be varied in writing.
    14.2 This Agreement constitutes the entire contract between parties.
    14.3 Governing Law: England and Wales. Jurisdiction: UK Courts.

15. Marketing Consent
    By bidding, you consent to receive marketing communications by email or SMS from Dunn Bros SW Ltd. You may opt out at any time.