On View The sale may be viewed at the following times ONLY
Friday 27th April 1.00pm to 6.00pm
Saturday 28th April 7.30am onwards
A buyers` premium at the following rates will be added to the hammer price.
Class 1 - Tractors, Steam & Other Vehicles 5% plus VAT
Class 2 - Motorcycles 8% plus VAT
Class 3 - All Other Items 10% plus VAT
An additional 1% plus VAT is added to purchases made on-line through i-bidder.com
VALUE ADDED TAX
Items in this sale sold subject to VAT are marked with an v before the lot number.
(i) In the case of overseas purchasers from EC countries will be required to supply the Auctioneers with their VAT/FISCAL NUMBER AND OTHER RELEVANT INFORMATION AS REQUESTED in order that the items may be invoiced at zero rate for VAT purposes. HOWEVER, YOU MAY BE REQUESTED TO PAY A VAT DEPOSIT EQUIVALENT TO THE STANDARD RATE OF UK VAT ON ALL LOTS SUBJECT TO VAT ON THE PURCHASE PRICE as stated in catalogue and addendum with asterisk and/or at the time of bidding. THE GOODS MUST BE SENT OR TRANSPORTED OUT OF THE UK TO A DESTINATION IN ANOTHER EC MEMBER STATE. It is the responsibility of overseas purchasers from EC Countries to ensure that they or their haulier complete and sign a COLLECTION CERTIFICATE on collection of the goods purchased. The original certificate must be left with the Auctioneers. Upon the above requirements being met in full, a refund of the VAT deposit will be made to the purchaser. Failure to do so will result in the VAT deposit being paid over to Customs & Excise as VAT.
(ii) In the case of overseas purchasers from Non EC Countries, they will be required to pay a VAT deposit equivalent to the standard UK rate. Such amount will be refunded to the overseas purchaser if the Auctioneers receive, within three months of the time of supply, a satisfactory Bill of Lading or Certificate of Shipment as proof of shipment of the lots outside the EC, failing which the VAT deposit will be paid over to Customs & Excise as VAT.
The Auctioneers are pleased to faithfully execute commission bids on behalf of Purchasers unable to attend the Sale. Such commission bids will only be accepted from persons who have viewed the Sale and completed the requisite bidding form available at the Sales Office. BIDDING People wishing to bid for specific lots should assume the rate of selling at approximately 100 lots per hour, although the sale of Motorcycles, Vehicles and Tractors will be slower.
BUYERS` BID NUMBERS
The Auctioneers propose to operate a buyer bid number system. Therefore, Purchasers are requested to attend at the Sales Office during View Day or prior to the commencement of the Sale, so that full details of the intending Purchaser`s name, address, bankers and other relevant information may be recorded. Failure to obtain a buyer`s bid card may result in the Auctioneer refusing to accept your bid. If you have a permanent bidding number with us, please use this number. If you are unsure please enquire in the main office on the viewing or sale day. PLEASE NOTE: There is a one-off non refundable administration charge of £10 (incl. VAT) for all new purchaser registrations.
Certain types of machinery could contain blue & white asbestos, dangerous chemicals and hazardous waste and, if not handled correctly during their removal, could be in breach of Health & Safety at Work 1974, Controls of Substances Hazardous to Health Regulations 1988 (COSHH) or other current regulations. The buyer undertakes to handle correctly any toxic chemicals and dangerous substances and to indemnify the agent against any failure to observe this undertaking.
These are sold as ‘antiques’ only and, if bought for use, must be checked over for compliance with safety regulations by a qualified electrician first.
ALL LOTS ARE SOLD STRICTLY AS SEEN WITHOUT WARRANTY
Purchasers are urged to satisfy themselves prior to the sale as to the condition of each lot and whether the lot accords with its description.
CLEARANCE OF LOTS
Purchasers may remove their lots during or after the Sale but ONLY having first obtained a Collection Ticket from the Sales Office. All lots entered for sale inside must be cleared without exception on the Day of Sale. Outside lots must be cleared from the Saleground by Thursday 3rd May 2012. Failure by purchasers to remove their lots within this time will incur a penalty storage charge of £5 per lot per day, payable on collection. Purchasers are reminded that ALL LOTS become their responsibility at the fall of the hammer (see Conditions of Sale). Forklift loading facilities will NOT be available on the day of Sale. We will be open on Sunday 29th April 2012 from 9.00am until 12.00noon, after which the gates will be locked.
SETTLEMENT OF ACCOUNTS
Buyers are requested to note that all accounts must be settled on the Day of Sale.
Persons unknown to the Auctioneers and wishing to pay by cheque must make one of the following arrangements BEFORE the Day of Sale.
(i) Inform your own Bank Manager that you wish to pay by cheque, tell him the maximum amount you are likely to spend and ask him to instruct our Bankers that it will be in order to accept your cheque. Our Bankers will then inform us. Our Bank is Barclays Bank plc. PO Box No.885, Mortlock House, Vision Park, Histon, Cambridge, CB24 9DE Fax: 01223 545557. Please specify date and place of sale.
(ii) Arrange with your Bank Manager for the issue of a guaranteed cheque to be brought with you.
(iii) Provide a letter from your Bank stating the amount up to which your cheque will be honoured. Fax copies and photocopies are NOT acceptable and the letter must specify the sale and date.
(iv) Overseas payments should be made by Inter Bank transfer using SWIFT to Barclays Bank Bene’t Street, Cambridge Sort Code 20-17-19 quoting Cheffins Auction Account Client No. 3 Account No: 50287628. IBAN No. GB17 BARC 201719 50287628 SWIFT CODE: BARCGB22 quote sort code and then a/c number as above, Your name or invoice number
(v) Payment can be made by Visa & Mastercard Credit Cards; a surcharge of 1.25% plus VAT will be added to the invoice total for this method of payment. We also accept payment by Switch or Visa/Delta Debit Cards for which there is no additional charge.
MONEY LAUNDERING REGULATIONS 2003
In order to comply with these regulations, we are unable to accept cash payment for sums in excess of £7,500. This includes single payments amounting to this sum or multiple payments totalling £7,500.
Catering facilities will be available throughout the Sale Day.
Enquiries regarding this sale should be made to:
William King (Tractors, steam engines and machinery)
Oliver Godfrey (Classic Tractors and machinery)
Jeremy Curzon (Motorcycles, memorabilia and automobilia)
Pre-sale Cambridge office 01223 213777
Sale Day ONLY 01353 777767
Mobile numbers for Viewing Day only (see above for categories)
07775 866166 (Jeremy Curzon), 07748 596062 (Oliver Godfrey) or 07831 732617 (William King)
Administration and Accounts enquiries
should be made to: Sarah Rivers 01223 271922
1.1 In these conditions the following terms have the following meanings, unless inconsistent with the context.
‘Auctioneers’ means Cheffins of Clifton House,1-2 Clifton Road, Cambridge, CB1 7EA.
‘Commission’ means the commission charged on the sale of Lots in accordance with Clause 2 below.
‘Conditions’ means the standard terms and conditions of business set out in this document.
‘Lots’ means all machinery and all other items sold or intended to be sold in accordance with these Conditions.
‘Purchaser’ means a person, firm or company who purchases lots.
‘Vendor’ means any person, firm or company who puts forward lots intended to be sold at the Sale.
‘Sale Day’ means the day fixed by the Auctioneers for an auction and where the context so requires means the day fixed for the auction in which a particular lot is entered.
‘Reserve Price’ means the minimum price fixed by either the Auctioneers or the Vendor at which Lots are to be sold at the Sale.
1.2 Except where the context otherwise requires words denoting the singular include the plural and vice versa; words denoting one gender include all genders; words denoting persons include corporations and vice versa.
2. COMMISSION AND ENTRY FEES
2.1 The Vendor shall pay commission to the Auctioneers as follows:
Class 1 – Steam Engines 7.5% (plus VAT) on the first £10,000 and thereafter 5% (plus VAT) plus an Entry Fee of £40 (plus VAT) on each lot.
Class 2 – Tractors & Vehicles 7.5% (plus VAT) on the first £10,000 and thereafter 5% (plus VAT) plus an Entry Fee of £15 (plus VAT) on each lot.
Class 3 – Motorcycles 7.5% (plus VAT) plus an Entry Fee of £40 (plus VAT) on each lot.
Class 4 – All other items 10% (plus VAT) plus an Entry fee of £2.50 (plus VAT) on each lot.
2.2 Commission at the rate specified in Clause 2.1 above together with Entry Fees as specified shall be payable by the Vendor on all Lots sold privately at the Sale.
2.3 Entry Fees for Lots entered and which are substituted for another Lot will be charged at double the Entry fee referred to in Clause 2.1 above.
Please see Clause 6.6 below regarding minimum reserves.
3. ENTRY OF LOTS FOR SALE
3.1 All goods must be delivered in accordance with instructions sent to the vendor prior to the sale. All entries for sale are accepted on our Standard Terms and Conditions of Business. Lot number labels will be forwarded for items accepted into the Sale.
3.2 No entries can be accepted on the day of the sale unless agreed by the Auctioneers.
3.3 All reserve prices must be set out in writing and handed to the auctoneers’ office 48 hours previous to the sale otherwise no responsibility can be accepted by the Auctioneers for errors in respect of Reserve Prices.
3.4 All Lots brought to the Sale must be offered for sale by auction and must not be sold privately before the Sale. In the event that any private transactions take place following a sale whilst the Lots remain in the Saleground they must be notified to the Auctioneers. Such transactions will be treated as a sale of the Lots by the Auctioneers and these conditions will apply.
3.5 If a Lot remains unsold following the sale for which it has been entered and remains on the Saleground the Auctioneers reserve the right to sell such a Lot at the Reserve Price without further consultation with the Vendor.
4. WITHDRAWN LOTS
The Vendor may not withdraw the Lot from the sale without the Auctioneers’ consent. If a vendor withdraws the Lot, the Auctioneers reserve the right to charge a fee equal to 10% (plus VAT) of the reserve price or £20 (plus VAT) whichever is greater, unless notified prior to the sale of alternative charges.
5.1 VAT at the standard rate will be added to items identified in the catalogue of sale by an asterisk as being subject to VAT.
5.2 The Auctioneers MAY elect to operate the Auctioneer’s Margin Scheme for lots entered by Non VAT Registered Vendors. In this circumstance, the Vendor shall enter the goods on the entry form, clearly stating that they are eligible to be sold under the respective scheme.
6. RESERVE PRICE & BIDDING
6.1 The auctioneers and/or the vendor reserve the right to fix a Reserve Price for any lot and withdraw that lot in the event that the highest bid price does not meet the reserve price.
6.2 The vendor may bid for any Lot either personally or through the auctioneers or through any other person and may withdraw any Lot any time before the sale of such a Lot.
6.3 The Auctioneers may without giving any reason refuse to accept the bidding of any person. In the case of a dispute as to any bid, the Auctioneers may forthwith determine the dispute or put up the Lot again at the last undisputed bid or withdraw the Lot.
6.4 No person may advance less at a bid than a sum to be named from time to time by The Auctioneers nor be allowed to retract a bid.
6.5 The highest bidder for each Lot shall be the Purchaser of that Lot.
6.6 Reserves of less than £25 will not be accepted.
7. AUCTIONEERS AS AGENT FOR VENDOR
7.1 The Auctioneers sell as Agent for the Vendor and as such are not responsible for any default by the Vendor or Purchaser.
7.2 In the event that a Purchaser fails to pay the purchase price for the Lot in accordance with these Conditions and the Auctioneers have previously advanced to the Vendor of such Lot an amount representing such purchase price the Vendor shall forthwith at the request of the Auctioneers assign all and any of his rights against the Purchaser in respect of the unpaid purchase price to the Auctioneers and shall execute such documents as may be required by the Auctioneers to give effect to such an assignment and further, shall give reasonable co-operation to the Auctioneers in any action, claim or proceeding brought or threatened by the Auctioneers against the Purchaser.
8.1 All Lots remain at the Vendor’s risk until sold and following such sale shall be at the Purchaser’s risk.
8.2 The Purchaser is on risk once the hammer falls and is strongly advised to effect insurance at once. Upon the fall of the hammer, the Purchaser shall assume all risks in and relating to such lots. The Purchaser is advised to effect in respect of all such risks arising thereafter any insurance it may consider necessary. The duty of the Auctioneers and/or the vendor to deliver lots shall be deemed performed upon the fall of the hammer even if a lot is subsequently and/or part thereof has been lost.
9. CONFIRMATION OF OWNERSHIP
The vendor warrants to the Auctioneers and to the Purchaser:-
9.1 That he is the true owner of the Lot or is properly authorised to sell the Lot by the true owner.
9.2 Is able to transfer a good and marketable title to the lot free from any third party claims liens and encumbrances and that all entries on the entry form are correct.
9.3 That no Lot is subject to any hire purchase, lease, contract hire agreement or any other finance agreement or contract.
9.4 That the auctioneers have been notified in writing if any of the items on this form, or
any continuation form, have been recorded by any insurance company as a write off
or having been subject to a major insurance claim.
10. REMOVAL OF LOTS FROM THE SALE
10.1 All lots whether sold or unsold may not be removed from the Saleground without a
pass for the removal of Lots. Passes can be obtained from the Auctioneers’ offices.
All Lots must be checked out by the security.
10.2 All lots purchased must be cleared from the Saleground on the day of sale unless
otherwise stated in the catalogue. Failure to remove Lots within the specified time
will result in storage charges of £5/Lot per day (plus VAT) payable on collection.
10.3 Any Lot which (without the express written consent of the auctioneers) has not been collected within 2 calendar months from the day on which it was sold or last offered for sale will be deemed to be abandoned and the Auctioneers will be entitled to dispose of such abandoned Lots at their unfettered discretion. For the avoidance of doubt, any monies arising from such disposal(s) will be paid to and retained by the auctioneers.
11. EXCLUSION OF LIABILITY
11.1 The auctioneers shall not be liable for any expense, loss, claim or proceedings in any respect of any loss or damage whatsoever, to any property real or personal (including all lots) whether incurred before, during or after the sale.
11.2 The Auctioneers shall not be liable for any expense, loss, claim or proceedings in any respect of personal injury to or death of any persons arising out of or in the course of or caused by the Sale, except to the extent that the same is due to the negligence of the Auctioneers, their servants or agents.
12. DETAILS OF PURCHASERS AND PAYMENT
12.1 All purchasers are required to Register for a bidding number before the auction at the Auctioneers’ office.
12.2 All lots must be paid for on the day of the sale by the Purchaser.
12.3 Any interest earned on client’s monies will be retained by the auctioneers.
13. INSPECTION OF GOODS
13.1 All lots are sold with all faults and errors of description. Purchasers should satisfy themselves prior to sale of the Lot as to the condition of each Lot and should exercise and rely on their own judgement as to whether the Lot accords with its description. Neither the Auctioneers, their servants or agents are responsible for errors of description or for the genuineness or authenticity of any Lot; unless otherwise stated no warranty is given by the Auctioneers, their servants or agents or by any Vendor to any Purchaser in respect of any Lot and any express or implied conditions or warranties are excluded to the fullest extent permitted by law.
13.2 The Auctioneers may at their discretion or upon the instruction of the Vendor alter or withdraw all or any lots referred to in the auction catalogue up to the moment at which the hammer falls in relation to such lot(s).
14. AUCTIONEERS’ RIGHT TO ANNUL SALES
In the event of any dispute or refusal to pay or of non-payment on the part of the Purchaser, the Auctioneers may, entirely at their discretion, annul and cancel the sale of such lot or lots.
15. RESERVATION OF TITLE
15.1 If the Auctioneers allow the Purchaser to remove the Lot from the Saleground before the Purchaser has made full payment for the Lot then title to the Lot shall remain vested in the Vendor.
15.2 If the Auctioneers pay the Vendor the price of the Lot before the Purchaser has paid the price to the Auctioneers, title to the Lot shall pass from Vendor to the Auctioneers and shall remain with the Auctioneers until full payment has been made by the Purchaser to the Auctioneers, when title shall pass to the Purchaser.
15.3 Notwithstanding that the title has not passed to the Purchaser all risk of damage to the Lot shall pass to the Purchaser immediately upon sale (the fall of the hammer).
15.4 The Purchaser shall until payment has been made in full keep the Lot in good marketable condition and readily identified and shall indemnify the Vendor or the Auctioneers as the case may be for any damage.
15.5 In the event of any sale by the Purchaser of a Lot before full payment has been made the Purchaser shall hold the proceeds of such sale on trust for the Vendor or the Auctioneer (as the case may be) and shall pay such proceeds into a separate identifiable bank account.
15.6 At any time before the title to the Lot has passed to the Purchaser, the Vendors or the Auctioneers (as the case may be) including the Auctioneers acting as agents for the Vendor shall have the right to enter upon the Purchasers property for the purpose of recovering the Lot.
16. COMPLIANCE WITH ROAD TRAFFIC ACTS
The Purchaser of any vehicle or trailer is responsible for complying with all legal requirements as to the construction and the use of such vehicle or trailer and for obtaining all certificates, permits or other authorisations necessary before such vehicle or trailer can be used on the road.
17. HEALTH AND SAFETY AT WORK ACT 1974 AND ALL OTHER ACTS AND REGULATIONS APPLICABLE TO FARM SAFETY
The Purchaser of any lot is responsible for complying with all legal requirements as to the safe use of lots purchased at the Sale and shall ensure compliance with all relevant legislation relating to the safe use of such lots.
18. TRADES DESCRIPTIONS ACT 1968
The vendor is reminded that under the terms of the Trades Descriptions Act 1968 the Vendor of any Lot to which a false description is applied may be guilty of a criminal offence punishable by fine or imprisonment.
19. GOVERNING LAW AND JURISDICTION
For the avoidance of doubt all contracts entered into between the Purchaser and Vendor and between either of them and the Auctioneers on the basis of these standard terms and conditions of business are governed by the laws of England and Wales and the parties hereby submit to the non-exclusive jurisdiction of the English Courts.
Clifton House, 1 & 2 Clifton Road, Cambridge CB1 7EA
Tel: 01223 213777 Fax: 01223 271960 www.cheffins.co.uk