1 x box of 39 brand new and boxed watches - Total RRP £4305.80

GENERAL CONDITIONS OF SALE

 These General Conditions of Sale (the ‘Conditions) apply to any auction held or organised by the Auctioneer. 

Definitions 

When used in these Conditions, the following terms highlighted in bold shall have the following meanings:

 Auction: a public or private sale in which Goods belonging to the Seller are sold to the highest Bidder by the Auctioneer;

 Auctioneer: William George & Co Ltd (09080414) or any other company within the Group (including their employees and agents and any person to whom conduct of the Auction is delegated under clause 5.11);

 Bid:  an offer to purchase a Lot in accordance with these Conditions submitted by a Bidder:

 Bidder: a person bidding for a Lot;

Buyer: a person who submits the highest Bid for a Lot that is accepted by the Auctioneer;

 Buyer’s Premium: the Buyer shall pay a Buyer’s Premium of 16.5% plus VAT, unless otherwise indicated;

 Goods: any item (or number of items) consigned to the Auctioneer by the Seller to be placed into a Lot for sale at an Auction;

 Group:  any entity that is a ‘subsidiary’ or ‘holding’ company as defined by s.1159 Companies Act 2006;

 Lot: (a collection of) Goods listed (whether in a catalogue or otherwise) by the Auctioneer that are available to be purchased at an Auction;

 Overseas Purchaser: a Buyer whose residence is outside the UK; and

 Seller: a person who has placed Goods with the Auctioneer for sale and who has the legal and beneficial title to the Goods listed in a Lot and/or any agent(s) authorised to act on their behalf. 

VAT: Value Added Tax at [the current rate] of the Lot price, unless otherwise indicated;

 Any person who attends an Auction and/or submits a Bid at an Auction held or organised by the Auctioneer, whether by electronic means or otherwise, is deemed to have read and accepted these Conditions by reference to their attendance at the Auction or submission of a Bid.

To the extent that these Conditions are inconsistent with any special conditions set out or referred to in the Auction catalogue or announced at the Auction, the special conditions shall prevail.

 References to a ‘person’ in these Conditions shall (where the context requires) include a natural person, corporate or unincorporated body (whether or not having a separate legal personality) and that person’s successors and permitted assigns.

The Seller’s Instructions and Warranties

2.1 The Seller warrants that:-

 they have the full unencumbered legal title and express authority to sell the Goods that the Auctioneer has placed into in a Lot; 

 the Goods placed into a Lot by the Auctioneer will be of satisfactory quality, will be fit for purpose and will be in accordance with any other relevant statutory obligations relating to the sale of the Goods;

the description and content of the information listed by the Auctioneer (whether in a catalogue or otherwise) relating to any Goods is accurate and not misleading in anyway; 

 subject to any contrary powers of the Auctioneer set out in these Conditions, he will sell the Goods placed in a Lot for the price indicated in a Bid submitted by a Buyer providing that the conditions in clause 4.1 are satisfied; ; and

The will not contact any Buyers or potential buyers directly in relation to a sale of any Goods whilst they are listed in a Lot.  

2.2 If the Seller’s instructions are given by the Seller’s agent, the Seller’s agent warrants that he has the Seller’s authority:-

 to instruct the Auctioneer;

 to give the warranties set out in clause 2.1 above; and

to instruct the Auctioneer to act in accordance with any special conditions.

The Auctioneer’s Remuneration

 The Auctioneer’s remuneration shall be such as has been agreed between the Seller and the Auctioneer.

 The Auctioneer may (in his discretion) deduct his remuneration from monies received from the Buyer before accounting to the Seller for the balance.

General rules governing bidding and buying

 4.1 If a Bidder submits a Bid to purchase any Lot(s), they must complete the transaction with the Seller providing:

their Bid has been accepted as the highest value Bid for the Lot by the Seller; once the Auction for that Lot has closed; 

 the Auctioneer declares that Bidder to be the Buyer in accordance with clause 5.7 and 

the value of their Bid is at least equal to or greater than any minimum reserve price for the Lot set by the Seller (if any). 

 4.2 Upon satisfaction of the conditions in clause 4.1 a Buyer can only terminate a contract to purchase the Lot if the Goods comprising the Lot do not materially comply with the information provided in the Auction catalogue in relation to them. 

 4.3 Unless the Auctioneer has previously acknowledged in writing that the Bidder bids as agent on behalf of a named principal, every Bidder shall be taken to bid on his own behalf as principal. 

 4.4 Placing a Bid entitles the Auctioneer and any Seller to rely on the Bid as a genuine offer to purchase the Goods contained in the Lot.

 4.5 If the Auctioneer has earlier acknowledged in writing that the Bidder bids as agent on behalf of a named principal, the Bidder warrants that he has the authority of his principal to make each Bid he makes.

4.6 The Bidder has the right to view all Lots. If the Bidder wishes to view a Lot, the Bidder must contact the Auctioneer at enquiries@wgandco.com The Bidder must give the Auctioneer a minimum of 24 hours notice to arrange a viewing of a Lot.  Please note that the Auctioneer can not guarantee any viewing of any Lot in the final 24hours of the Auction. 

 4.7 Any request for information on a lot, must come via email, either through the lot enquiry form on each lot, or via email to - enquiries@wgandco.com Potential bidders must register for an auction to receive information about a lot.

Conduct of the Auction

5.1 The Auctioneer offers each Lot as an agent of the Seller and not as principal unless otherwise indicated in the Auction catalogue.

 5.2 Any Lot may be subject to a minimum reserve price set by the Seller unless otherwise indicated in the Auction catalogue.

 5.3 The Seller or his representative or the Auctioneer on his behalf may Bid for any Lot unless otherwise indicated in the Auction catalogue.

 5.4 The Auctioneer may at any time before the fall of the hammer withdraw or divide any Lot or combine any Lots.

 5.5 With the previous written consent of the Seller, the Auctioneer may sell any Lot by private sale before or after the Auction.

 5.6 Any person wishing to place a Bid for a Lot at an Auction organised by the Auctioneer must register with Bidspotter.co.uk, their relevant details and register a valid credit or debit card before they will be able to Bid.

 5.7 A Bidder who submits the highest value Bid for any Lot before an Auction is closed may be declared as the Buyer by the Auctioneer. 

 5.8 If a Bidder submits a Bid within 10 minutes or less of the closure of any Auction, the Auctioneer reserves the right to automatically extend the time during which Bids can be submitted for a Lot by ten (10) minutes. 

 5.9 The Auctioneer may decide whether there is a dispute between Bidders, summarily determine the dispute or immediately again offer the Lot for sale, in each case without being required to give a reason.

 5.10 The Auctioneer shall in every other respect decide how the Auction is to be conducted and without being required to give a reason.

5.11 The Auctioneer may in his sole discretion delegate to a person whom he believes to be competent to conduct the auction in accordance with these Conditions.

5.12 The Auctioneer reserves the right to reject any bids which the Auctioneer feels in its sole discretion does not reflect reasonable value. 

 5.13 The Auctioneer has a right to report suspicious activities to the relevant authorities, at any time. 

 5.14 The Auctioneer shall notify all successful Buyers by email.

 5.15 The Buyer can access the Auction at www.bidspotter.co.uk or www.ibidder.co.uk

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

 5.17 The description of the item should hold precedence over the photographs. We reserve the right to use stock / catalogue images if original photographs cannot be used. Caution should be used when bidding on an item with only a stock image, as colours and sizes of an item can vary from the sale item. No warranty is given.

After the Sale

6.1 Upon the Auctioneer declaring the Auction for any Lot to be closed and the Lot to be sold, the Buyer shall immediately arrange to pay not less than 25% of the price offered in their Bid to the Auctioneer 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). 

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

 6.3 All prices are exclusive of VAT or other applicable taxes, delivery charges and insurance unless otherwise indicated by the Auctioneer (whether in the catalogue or otherwise).

 6.4 Within [1] business day of the closure of the Auction in relation to any Lot the Buyer shall confirm the identity of any person on whose behalf he has purchased the Lot (if any).

 6.5 The Buyer shall pay the following sums to the Auctioneer in full within 2 days of the Auction:

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

 where the final price for the Lot was not immediately determined upon the closure of the Auction for the Lot, the value as summarily determined by the Auctioneer, whose determination shall be final and binding, of all or part of any Lot.

 In every case time shall be of the essence. Deadline is 16:00hrs on the second day after the auction.

6.6 The Auctioneer may at any time in his sole discretion grant the Buyer an extension of time, in which case the Buyer shall pay the auctioneer in full in accordance with such extension before moving or removing the Lot. 

 6.7 If the Buyer fails to make any payment due to the Auctioneer under these Conditions by the due date for payment, then, without limiting the Auctioneer’s remedies under these Conditions, the Buyer shall:

 6.7.1 be contacted by the Auctioneer by email and telephone;

 6.7.2 pay storage charges for the Lot at £20 per lot per day (more substantial items such as cars, plant, machinery or with a value over £10,000 shall be charged at £50 per Lot per day);

 6.7.3 be responsible for paying any transportation costs of the Lot, this includes any charges connected with returning the item back to the Seller;

6.7.4 pay interest on the overdue amount at the rate of 8% per annum above the Bank of England’s base rate from time to time. Such interest shall accrue on a daily basis from the due date until actual payment of the overdue amount, whether before or after judgment. The Buyer shall pay the interest together with the overdue amount. 

 6.8 Until the Buyer has complied with clause 6.5 above:-

(a) title to any Lot shall not pass to the Buyer;

(b) the Lot shall be at the Buyer’s risk;

(c) the Auctioneer shall have a lien over any Lot purchased by the Buyer at the Auction; and

 (d) if the Buyer effects or purports to effect a resale or any other disposition of all or part of the Lot, the Buyer shall hold the proceeds of resale or other disposition on trust for the Auctioneer and the Seller.

6.9 On written request by the Highest Bidder the Auctioneer shall provide a VAT invoice in a proper form, if appropriate.

Removal of the Lot 

7.1 The Buyer may not remove their Lot until after the end of the Auction and the Auctioneer has confirmed that they are holding cleared funds received from the Buyer without the prior written consent of the Auctioneer.

7.2 After paying the sums specified in clause 6.5 above, the Buyer must remove the Lot bought within 5 days of the end of the auction. In each case time shall be of the essence.

7.3 The Auctioneer may at any time at his sole discretion and on terms reasonably specified by him grant the Buyer an extension to the time specified in clause 7.2 above.

7.4 If the Lot bought is or includes a motor vehicle, no warranty is given by the Auctioneer that the vehicle may safely or lawfully be driven on any road.

7.5 When removing any Lot the Buyer:-

(a) is responsible for detaching any Lot fixed to land and must do so safely and lawfully and must not use flame cutters, explosives or any other dangerous equipment or process without previous written permission signed by or on behalf of the Auctioneer; a written Health and Safety plan with method statement may be required.

(b) must use safe and lawful means of removing the Lot;

 (c) shall indemnify the Auctioneer and Seller against any loss damage legal or other expenses and any claim arising from the detaching of the Lot or its removal; and

 (d) shall have adequate insurance in respect of such indemnity and shall on request produce to the Auctioneer a receipt for the last premium due or other sufficient evidence that such insurance has been effected and remains in force.

7.6 The Auctioneer reserves the right to stop the removal of any Lot if in their sole discretion they do not believe the Lot is being moved in accordance with clause 7.5 above. 

7.6 It is the Buyers sole responsibility to arrange for collection or delivery of the Lot. 

7.7 Lots will not be released, even when purchased, if there is an outstanding invoice, in this or another auction.

7.8 Purchasers should contact the vendor or agent, once an invoice has been paid to ensure there are no lifting out fees for large, outsized or dangerous goods.

 7.9 There is no guarantee of collection in the first 48 hours after an auction.

7.10 Once an item is removed from the sellers location by the buyer or a third party on their behalf, then it is deemed to be acceptable and correct. 

 7.11 Any issues relating to an item should be taken up with the vendor at the point of collection.

Liability of the  Auctioneer

8.1 Goods sold in any Lot are sold as seen, with all faults and imperfections and the Auctioneer is not responsible for any defects whatsoever (whether latent or not). 

8.2 No warranty or representation of any kind is given or authorised to be given by the Auctioneer with regards to any Lot.

8.3 The Auctioneer has no liability to the Buyer for any delivery or collection costs. If the Buyer is unable to collect any Lot, the Buyer is to contact the Seller, once the invoice has been paid. 

8.4 The auctioneer is acting as the sales agent for the lots in auction. Any problems with a lot should be taken up with the vendor.

Overseas purchasers

9.1 If the Buyer is an Overseas Purchaser they must advise of their intentions to export the Lot immediately and notify the sales co-ordinator of the Auctioneer by email: accounts@wgandco.com

9.2 Overseas Purchasers will be required to provide the following information: (a scanned copy of):

(a) their passport(s);

(b) another form of identity, (i.e. drivers licence, name, address, UK agent (if any), telephone and fax numbers);

(c) full details of their national bank and their UK corresponding bank; and

(d) details from their bank confirming method of payment.

 9.3 It is the Buyers’ responsibility to ensure that:

(a) the country to which the Goods are destined to got to have no import restrictions on the Goods that they have purchased;

 (b) the country has no import licence restrictions or a restriction on currency allocation;

 (c) the country has no prolonged inspection procedure, which might cause excessive delay in allowing the Goods to be imported;

 (d) they employ a reputable freight-forwarding organisation; and 

 (e) the Buyer has read and agreed with these Conditions.

9.4 If there are any special arrangements that the Buyer wishes to make with the Auctioneer, the Buyer must contact the Auctioneer at least three business days before an Auction takes place.

9.5 We reserve the right to insist a deposit is paid before bidding from an overseas bidder.

VAT and subsequent refunds.

10.1 All Buyers intending to export a Lot will be charged an additional deposit equal to that of the VAT due on each Lot purchased.

10.2 In order to qualify for a refund, the Goods must be exported in accordance with relevant export regulations and valid written evidence of such compliance shall be sent by the Buyer to the Auctioneer within one month of the date of export to the following address on official company headed notepaper signed by the Buyer: William George & Co Ltd, 8 Phorpres Close, Peterborough, PE7 8FZ.

10.3 Where satisfactory evidence is not provided, goods will be subject to UK VAT at the standard rate of export and the Buyer will forfeit any deposit they may have paid in accordance with this clause 10.

10.4 The Auctioneer is unable to refund the VAT on the Buyers’ Premium in any circumstances. 

10.5 If the Buyer chooses to export their purchases using their own transport, then VAT will be levied and refunded upon satisfactory documentation supporting the removal of the Goods purchased being sent to the address set out in clause 10.2.

10.6 Notwithstanding any other clause in these Conditions the Auctioneer reserves the right to refuse:

(a) to accept any Bid from a Bidder; or

(b) to sell any Lot (in whole or in part) to a Buyer.

Default by the Buyer

11.1 If at any time the Buyer fails to pay any of the sums under these Conditions when they fall due or to remove any Lot by the time specified in clause 7 above (or any extension granted under clause 7 above) the Auctioneer may rescind the sale of that Lot, in which case any deposit shall be forfeited, and that Lot may be resold by Auction or privately by the Auctioneer.

11.2 If the Auctioneer has rescinded the sale but the Buyer has removed the Lot bought, the Auctioneer shall be entitled upon serving reasonable advanced written notice on the Buyer, to enter upon any premises where he believes the Lot to be and safely remove it.

11.3 If the Auctioneer has rescinded the sale and the Lot has been resold, the Buyer shall make good any deficiency, namely:-

the sale price less the resale price; and/or

the costs of and costs incidental to the resale of the Lot.

11.4 If the Buyer has failed to remove any Lot by the time specified in clause 7 above (or any extension granted under clause 7 above) and as a result the Seller is unable to give vacant possession on disposing of or relinquishing any interest in the premises from which the Lot should have been removed, the Buyer shall compensate the Seller for any loss arising from their failure to give vacant possession.

11.5 If at any time the Buyer in any way breaches or defaults under any of these Conditions, the Auctioneer reserves the right (without prejudice to any other rights) to issue proceedings 28 days after the  Buyer’s initial default or breach of these terms. The Auctioneer’s claim shall include, but not limited to, any loss of earnings (buyers commission), any administration charges, any storage charges and any legal fees associated with the Buyer’s breach or default (all amounts will exclude VAT). 

11.6 The Auctioneer reserves the right to recover any outstanding charges from the Buyers payment card used to register for the Auction. 

11.6.1 if the card used to register is fraudulent, registered to a third party or does not have enough funds on it to cover the cost, a £25 plus Vat fee will be added to the invoice.

11.6.2 if we have to take payment from a registered card, we will endeavour to take from the invoice, in descending order, the whole amount, half the amount, one quarter of the amount, our premium plus Vat, £100 and then £50. 

11.6.3 if the attempt to take payment is unsuccessful then we will charge £5.00 per transaction to recover the funds in 11.6.2

11.6.4 Our charges for credit card transactions are 4% and 2% for debit cards.

11.7 If the Auctioneer issues proceedings the following costs shall be payable by the Buyer:

11.7.1 the solicitor costs varying from £150 - £250 plus VAT for the issuing of proceedings;

11.7.2 £10 plus VAT for the initial letter sent by the solicitor; and

11.7.3 any court fees that are incurred, including but not limited to £90 lost wages, travel costs and £165 hearing fee.

11.8 Any Buyer who is in default or breach under these terms shall be banned  from any Auction held by the Auctioneer, Bidspotter or ibidder. 

Data Protection

12.1 The Auctioneer will only use the personal information provided to them to provide auction services, or to inform Buyers and Sellers about similar services which they provide, [unless told by such parties that they do not want to receive this information by ticking the ‘opt out’ box on the bid slip, or by ticking the relevant box on the relevant web page.

12.2 The Buyers and Sellers acknowledge and agree that the Auctioneer may pass their details to credit reference agencies.

Waiver

13.1 No failure or delay by the Auctioneer to exercise any right or remedy provided under this agreement or by law shall constitute a waiver of that or any other right or remedy, nor shall it prevent or restrict the further exercise of that or any other right or remedy. No single or partial exercise of such right or remedy by the Auctioneer shall prevent or restrict the further exercise of that or any other right or remedy.

Jurisdiction

14.1 These Conditions shall be governed by and construed in accordance with the laws of England and Wales, save that:

if the Auction is held in Scotland, in accordance with the laws of Scotland; or

if the Auction is held in Northern Ireland, in accordance with the laws in Northern Ireland (where applicable).

15) Guidance on Registration

15.1 The Auctioneer reserves the right to decline a bidders registration to bid without notice or recourse.

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

15.3 Unless and Invoice is amended within 1 business day as per point 6.4, to state that the name should be changed to a Company. Then the registered bidder is always liable for any outstanding invoice.

15.4 If the invoice is changed to a company as per point 6.4 and the company goes into liquidation or is dissolved then the original registered bidder will still be liable for any outstanding debt.

15.5 We reserve the right to request to Companies House that any company that has an outstanding debt is halted from dissolution until the debt is cleared.

15.6 A bidder must give their full name at registration, initials and nicknames are not valid.

15.7 By registering for an auction, you agree to be entered into our mailing list.

15.8 If you are purchasing an item through third party finance, this needs to be pre-arranged so that there is no delay in payment.