Classic Car Auctions September 2018 Classic Car Sale - 15th September 2018

66 CCA September 2018 Classic Car Sale classiccarauctions.co.uk 13. WITHDRAWAL FEES 13.1. The Seller may by notice in writing to CCA withdraw the Lot from the Auction. In the event of such withdrawal, the Seller shall within 14 days of withdrawal pay CCA the sums set out in this Condition 13. All such sums shall be payable to CCA as remuneration for the services performed by CCA down to the date of withdrawal, and not by way of penalty or liquidated damages. 13.2 In all cases of withdrawal, the Seller shall be liable to pay CCA 15% of the mid estimate value of the Lot, notwithstanding that commission of a lesser, or no, amount had previously been agreed, to reflect the time, effort, loss of publicity and Buyer’s Premium suffered by CCA. In the event of a Lot having no reserve and therefore no estimate the Seller shall be liable to pay CCA 15% of the Auctioneer’s reasonable estimate. The fee shall be subject in each case to VAT and Expenses. 13.3 In the event that the Seller withdraws the Lot from the Auction, the Seller shall arrange for collection and removal of the Lot at his own expense within 2 Working Days after the date of withdrawal provided that the Seller may not collect the Lot unless and until any withdrawal fee payable under Conditions 13.2 and 13.3 shall have been paid in full. 14. REMOVAL AND STORAGE 14.1 The Seller shall arrange for the removal of any unsold Lot and the Buyer for the removal of purchased lots by the time specified in the vendor delivery instructions and key sale information in the auction Catalogue or by other such time as agreed by CCA. 14.2 Failure to remove Lots pursuant to clause 14.1 above will entitle CCA to charge the Seller or Buyer a removal charge, storage fees, insurance and other Expenses and any costs incurred at the following rates: Motor Vehicle: NEC (National Exhibition Centre) Removal incl. 3 days’ Storage – £150 plus VAT Storage – £10 per day plus VAT These fees apply unless stated otherwise in the Key Sale Information of the sale Catalogue WEC (Warwickshire Event Centre) Removal incl. 3 days’ Storage – £125 plus VAT Storage – £10 per day plus VAT These fees apply unless stated otherwise in the Key Sale Information of the sale Catalogue Watches: Delivery via Royal Mail Special Delivery (UK only) – £15. Overseas delivery by quotation. 15. THE BUYER 15.1 The Buyer shall be the highest bidder at the Hammer Price. Any dispute as to any bid shall be settled by the Auctioneer at his/her absolute discretion. 16. BUYER’S PREMIUM The Buyer shall pay the Buyer’s Premium to CCA and the Buyer acknowledges that CCA may also receive the Seller’s Commission due to CCA under Clause 10. 17. PAYMENT 17.1 Once a Lot is sold, the Purchase Price shall become immediately payable to CCA. 17.2 Full payment for all Lots must be made to CCA by 4:00pm the next Working Day. Payment can only be accepted in GBP. For security reasons, payments by Debit or Credit card (VISA/ Mastercard) will only be accepted where the cardholder is present to a maximum of £20,000 per buyer. 17.3 No Lot may be collected until the Purchase Price has been received by CCA and payments by a Buyer to CCA may be applied by CCA towards any such sums due from that Buyer to CCA on any account whatsoever notwithstanding any directions to the contrary by the Buyer or his agent whether express or implied. 17.4 Title to the Lot will pass to the Buyer only when the Purchase Price in cleared funds has been received by CCA. 17.5 Immediately a Lot is sold the risk shall pass to the Buyer notwithstanding that possession will not be given and title will not pass to the Buyer before payment of the Purchase Price. 17.6 The Buyer shall, at his own expense, remove the Lot purchased but not before payment in full to CCA of the Purchase Price whether in respect of this or any other Lot. 17.7 Cash payments will only be accepted up to a maximum of £5,000 and no more than £5,000 will be accepted from any one individual in a 90-day period. 18. RESPONSIBILITY FOR PURCHASED LOTS 18.1 The Buyer will be responsible for loss or damage to a Lot they have purchased from the fall of the hammer. Neither CCA nor its employees or agents shall be responsible for any loss or damage unless caused by the negligence of CCA, its employees or agents in the ordinary course of their duties to CCA while the Lot is in CCA’s custody or under its control. 18.2 The Buyer shall be responsible for all removals, insurance, storage and other charges on any Lot from the fall of the hammer (in accordance with Clause 11). 18.3 DVLA will be notified of the change of keeper within 5 Working Days following receipt of payment, using the details from invoice, unless otherwise stated. 18.4 Automobilia, watches and lifestyle Lots that have not been paid and collected by midday on the first Working Day following the sale will be sent to the Buyer at the Buyer’s expense. 19. NON-PAYMENT OR FAILURE TO COLLECT 19.1 If the Purchase Price is not paid in full, CCA as the agent of the Seller, shall in its absolute discretion and without prejudice to any other rights it may have, be entitled to exercise one or more of the following remedies: 19.1.1 to remove, store (either at CCA’s premises or elsewhere) and insure the Lot at the expense of the Buyer; 19.1.2 to charge interest at a daily rate equal to 4% p.a. over Barclays Bank’s Base Rate on so much of the total amount due as remains unpaid after the date of and time referred to in clause 17.2;