Purchase, risk, title and aggregate priceģ.1 The highest bidder acceptable to the auctioneer prior to the fall of the hammer shall be the buyer, but if, during or after the sale of the lot, but before the end of the sale as a whole, the auctioneer considers, at his absolute discretion, that a dispute has arisen or that the buyer has not complied satisfactorily with Condition 3.3 or 3.4, or that there is any other reason for so doing, he may at his absolute discretion, put up the lot again for sale. Martel Maides Auctions shall be under no obligation to account to the seller of any lot for sums due in respect thereof until payment for the lot bought has been made by the buyer to Martel Maides Auctions as required by Condition 4.1.Ģ.4 Martel Maides Auctions accept no responsibility to anyone in connection with the commissioning by intending buyers of any of their employees to bid for lots on behalf of such intending buyers.ģ. (ii) in respect of their retention of the premium and any sums payable under condition 4.2. (i) in respect of any obligation to repurchase under Condition 6 or Neither the seller on his own behalf, nor any other person on the seller's behalf, except the auctioneer, may make any bid in respect of lots of which the seller is the owner.Ģ.2 The auctioneer has the right to advance the bidding at his absolute discretion and may refuse to accept any bid, divide any lot, combine any two or more lots, withdraw any lots from the sale and vary the order in which lots are offered for sale without in any case giving previous notice or any reason therefore.Ģ.3 Martel Maides Auctions act as agents only except: Martel Maides Auctions reserve the right, in forming their opinion, to consult and rely upon any expert or authority considered by them to be reliable.ġ.4 Martel Maides Auctions for themselves and for the seller of each lot give notice to intending buyers that certain terms used in descriptions of lots contained in Martel Maides Auctions' catalogues have the meanings ascribed to them in the Glossary.ġ.5 Martel Maides Auctions reserve the right at their absolute discretion to refuse admission to their premises or attendance at their sales, without giving any reason therefore.Ģ.1 The seller of any lot shall be entitled to place a reserve on such lot, provided that notice of such reserve has been received by Martel Maides Auctions in writing prior to the sale. Total amount due means the aggregate price together with any additional charges and expenses due from a defaulting buyer under Condition 4.2.ġ.2 A premium at the rate of 15% of the hammer price of each lot sold is payable by the buyer to Martel Maides Auctions for their own retention and will not be waived.ġ.3 While every care has been taken in the preparation of this catalogue, any statement as to authorship, attribution, origin, date, age, provenance and condition is a statement of opinion and is not to be taken as a statement or representation of fact. The aggregate price means the aggregate of the hammer price and the premium
The premium means the premium payable by the buyer under Condition 1.2 below
The hammer price means the price at which any lot is knocked down to the buyer Martel Maides Auctions means Martel Maides Auctions Limited whose registered office is The Auction Rooms, Cornet Street, St Peter Port, Guernsey GY1 1LF
1 This Notice and Conditions of Sale applies to all sales including sales by private treaty.
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