Terms & Conditions

TERMS AND CONDITIONS

SALES AND CONDUCT OF AUCTIONS

  1.         Definitions and Interpretation

In these Conditions, the following words and expressions shall have the following meanings;

 “Auction” means the auction at which the lot(s) are purchased,

“Auctioneer”means the representative of Pontypridd Auctions controlling the auction,

“Buyer”means the person who makes the highest bid for any lot accepted by the Auctioneer,

“Buyer’s Premium”means a sum of 15%, which shall be exclusive of VAT, of the Hammer Price.   If bidding on-line there is an additional 3% exclusive of vat OR £3 exclusive of vat payable to easyliveAuction.com

“Hammer Price”means the price, inclusive of VAT (if applicable), at which the hammer is struck by the Auctioneer in respect of the relevant lot,

“Lot” means the good(s) being sold at the auction by the auctioneer,

“Pontypridd Auctions”means Pontypridd Auctions Limited,

“Seller”means the owner or the owner’s agent or the person in possession of each lot prior to

 Pontypridd Auctions taking possession of such lot for the purpose of sale by auction.  If there are

multiple owners or agents or persons in possession, each shall assume, jointly and severally, all

obligations, liabilities, representations, warranties and indemnities set forth in these Conditions.

  1.         Conduct of the Auction

2.1          The Auctioneer will regulate the bidding process for the Auction and the Auctioneer’s decision regarding any issue before, during the course of or after the Auction shall be final and binding on all parties.

2.2          The Auctioneer reserves the right at their sole and absolute discretion to fix a reserve price for any lot.

3.             Payment

3.1          The Buyer shall pay to Pontypridd Auctions, in full and in cleared funds, the Hammer Price the Buyer’s Premium (15% plus VAT at 20% plus any applicable Internet Bidding charges) by 5pm on the 1st day following the day of the sale of the relevant lot.

3.2          The Buyer’s Premium in relation to the sale of vehicles is as per attached schedule

3.3          Personal cheques will only be accepted if prior arrangements have been made.

 and shall if required pay to the Auctioneer 10% of the purchase price as a deposit in part payment.

4.             Collection

4.1          Unless otherwise agreed with Pontypridd Auctions, no lot may be removed until the Buyer has made payment in accordance with clause 3 in respect of that lot and all other lots purchased by the Buyer.  The provisions of clause 7.5 shall not apply to this clause 4.1

4.2          If any lot has not been removed by 5pm on the first Friday following the day of the sale of that lot, Pontypridd Auctions may without notice to the buyer, rescind the sale and re-offer the lot and the amount of any loss and expense (plus any VAT chargeable thereon) on the resale shall be due as a debt from the Buyer. Alternatively, at its sole discretion, Pontypridd Auctions may store the lot until a further date for collection is arranged by the buyer in which case the buyer shall indemnify Pontypridd Auctions in respect of any reasonable expenses (plus VAT chargeable thereon) incurred by Pontypridd Auctions for such storage.  Such expenses shall be recoverable by Pontypridd Auctions from the buyer as a debt.

  1. Passing of Title and Risk
  2. Subject to clause 5.4 below, title in all and any Lots shall not pass to the Buyer unless and until full payment is received in cleared funds in accordance with the provisions of clause 3 save where the Buyer makes payment by personal cheque in which case title in and to the relevant Lot(s) shall pass upon receipt of full payment in cleared funds, or fourteen (14) days following the sale of the relevant Lot(s) in the event that Pontypridd Auctions fails to deposit the personal cheque within such time, whichever is the earliest.
  3. Risk in all and any lots shall pass to the Buyer on the earlier of the Buyer’s collection of such lot, the Buyer making full payment for such lot in cleared funds in accordance with the provisions of clause 3 or 5pm on the first Friday following the day of the sale of that lot.
  4. In the event that the Buyer on-sells any lot before title to such lot passes to the Buyer pursuant to clause 5.1, the Buyer shall hold on trust for Pontypridd Auctions such proceeds of such on-sale as are equal to the amount then due and owing to Pontypridd Auctions in respect of such lot and shall keep such proceeds in a separate bank account.  .  In the event that clause 5.4 applies, the Buyer shall notify the party purchasing all or part of the Lot that such purchase may not provide  valid title to the items being purchased.  Neither Pontypridd Auctions nor the Seller shall be liable for:-
  5. any failure of the Buyer to effect such notification to the relevant third party purchaser(s); and/or
  6. any loss whatsoever suffered by the relevant third party purchaser as a result of any items being recovered by the Seller pursuant to clause 5.4.
  7. The Buyer hereby acknowledges that it may at any time be notified by Pontypridd Auctions, the Auctioneer and/or the Seller that the Lot or all or any of the items comprised therein may be recoverable by the Seller in the event that such items are known to be or are subsequently found by the Seller or any other law enforcement agency to be stolen property.  In the event that the item(s) comprised in the Lot are or are found to be stolen property, the Buyer hereby undertakes to immediately return such item(s) as directed to either Pontypridd Auctions and/or directly to the Seller.  Pontypridd Auctions shall refund the Hammer Price plus the Buyer’s Premium to the Buyer within 21 days of the return of the item(s) in accordance with this clause 5.4.  The Buyer hereby acknowledges that in the event that this clause 5.4 applies then title does not pass in accordance with clause 5.1 above and that the Seller shall not be liable to the Buyer for any loss which the Buyer incurs as a result of the item(s) being returned to the Seller.  The limit of the liability of Pontypridd Auctions in the event that this clause 5.4 applies shall be the Hammer Price plus the Buyer’s Premium.
  8. Nothing in clause 5.4 shall have any effect on the provisions of clause 5.2 above. 
  9. In the event that clause 5.4 applies, the Buyer undertakes and confirms that it shall keep all details regarding the item(s) which have been returned to the Seller and the fact of such return confidential and shall not disclose any relevant details regarding the same unless required to do so by law.

6.             Liability

6.5          Subject always to the provisions of clause 6.4 above, the liability of Pontypridd Auctions and/or the Seller in respect of any claim hereunder shall be limited to the hammer price in respect plus the Buyer’s Premium of the lot purchased by the buyer

6.6          Every person on Pontypridd Auctions’ premises before during or after the auction shall be deemed to be there at his/her own risk. Subject always to the provisions of clause 6.4, such persons shall have no claim against Pontypridd Auctions and/or the Seller in respect of any injury sustained or any accident which may occur from any cause whatsoever.

6.7          NOTHING IN THESE CONDITIONS SHALL AFFECT THE STATUTORY RIGHTS OF CONSUMERS.

7.             Miscellaneous

7.1          Pontypridd Auctions reserves the right to charge any attendee or attendees at any auction for any breakages or damage to any lot caused by such attendee and/or attendees.

and in proving service it shall be sufficient to prove that such notice was properly addressed and, as the case may be, transmitted.

 

 

PURCHASE PRICE

COST (INC VAT)

UP TO £300

£90

£301 TO £500

£135

£501 TO £1,000

£160

£1,001 TO £2,000

£180

£2,001 TO £3,000

£200

£3,001 TO £4,000

£225

£4,001 TO £5,000

£250

£5,001 TO £6,000

£275

£6,001 TO £7,000

£300

£7,001 TO £8,000

£320

£8,001 TO £9,000

£350

£9,001 TO £10,000

£380

THEREAFTER + £30 INC VAT PER £1,000 OR PART

 

VEHICLE PURCHASERS CHARGES