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Bank Top Auctions

Advance Park Industrial Estate, Rhosymedre, Nr Wrexham, LL14 3YR

 

 

Tel:  01978 822769

 

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HAS NOW BECOME TONG’S AUCTION HOUSE

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Buyers Auction Terms

"as is"        

 All items are sold with no guarantee of condition. Goods to be bought at auction attract  a buyers premium of 17.5%.

 

Personal number

 This is a number we have in our system that each individual buyer has and is unique for each individual buyer. You must register with us before bidding starts, bids cannot be accepted without it

 

Proxy bid, absentee bid, or commission bid        

 If the bidder is not able to attend the auction, the bidder can leave a bid on an item. The auctioneer bids for you, up to the amount of the bid. If the item does not reach the left bid amount, the bidder wins the item at the last bid, not at the left bid amount.  Bids can be made in person, by telephone or by e-mail. Please note e-mail bids will not be accepted after 8 pm on the Friday before  sale day. Commission bids submitted after 8 pm Friday may not be entered onto the auction sheets and could be discounted.

  

Conditions of Sale

 

1.The highest bidder, subject to any reserve will be the purchaser .No bids will be accepted after the hammer has fallen please be clear when bidding as nods or winks may not be acknowledged.

 

2.In the event of any dispute the auctioneers reserve the right to resell the lot or lots in question.

 

3.A buyers premium of 17.5%  is charged on the hammer price of all lots. Also V.A.T. at 20% may be charged as applicable

 

4.No lots may be cleared until paid for in full; buyers of multiple lots must pay for them all before any lots can be cleared.

 

5.Any person on the auctioneer's premises before, during or after the sale shall be there at their own risk and shall have no claim against the auctioneer in respect of any accident or injury that may occur.

 

6.The auctioneer or anybody in his or her employment has no authority to give any representation or warranty in relation to any lot.

 

7.The purchaser shall have no right against the auctioneer in respect of error, mis-description or defect of any lot.

 

8.The auctioneer accepts no responsibly for any payment made to the vendor if it later transpires that the lot or lots were subject to a hire purchase agreement or other third party claims

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9.In the event of any buyer failing to pay and clear lot (s) within a reasonable time the auctioneer may re-sell the lot (s) and any negative balance will be charged to the original buyer

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10.By entering a lot the potential vendor acknowledges the above conditions..

 

•All electrical items are sold as seen working unless otherwise stated. Bank Top Auctions  will not knowingly sell defective electrical goods. Some electrical and mechanical items are entered into the auction  for spares or repair and will be identified for that purpose.

 

•All lots must be paid for by 5.00pm on the day of sale lots not paid for could be re-entered for sale at the auctioneers discretion

•All lots must be collected before 5.00pm on the Tuesday after the sale

 

•All potential buyers must register their name and address prior to bidding - i. d. will be required Bids will not be accepted unless the bidder has a number.

 

 By making a bid, attending at sale or preview the  potential purchaser acknowledges the above conditions.

 Return to Latest Lots Page

cards and paypal

Credit cards incur a 2% card fee as well as the buyers commission

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Vendors  Auction Terms

 Goods to be sold by auction attract  a sellers premium of 17.5%. Transactions under £6 will incur a commission of £1.00 per lot. If applicable VAT may be charged at 20%. 

Reserves and Estimates

All goods will be sold without reserve at the Auctioneers discretion unless otherwise instructed. If reserves are not considered to be sensible by the Auctioneers, and items do not reach the reserve week 1, then a charge of 20% plus VAT will be made on the reserve price.. (Minimum charge £1)

IIf the unsold charge is not paid, and the unsold items are not collected after week 1, Bank Top Auctions reserve the right to sell the item without reserve, at the hammer price, to cover the cost of this charge. Normal conditions of sale will apply. If no sale results, goods MUST be picked up by the vendor. Lots left at the auction will be subject to a storage charge of £2 per day or will be disposed of as we see fit. Lots not reclaimed after 3 weeks will be become the property of Bank Top Auctions. In the event of a reserve price not being reached Bank Top Auctions are entitled to sell after the Auction by Private Treaty to cover any storage charges, as long as the goods remain on the premises.

Please note that estimates are not reserves they are purely for encouragement of bidders and reserved items may sell for a fraction of their estimate

Ownership and Indemnity

The seller warrants to Bank Top Auctions  and to the buyer that he is the true owner of the property, or authorized to sell the property by the true owner, and is able to transfer good marketable title to the property free from any third party claims. Lots are submitted at owners risk. 

Electrical Goods

The seller of electrical items guarantees that they are in full working order and are safe for use. Bank Top Auctions  will not knowingly sell defective electrical goods. Electrical items  that  are offered as working, but untested by Bank Top Auctions, will be sold with no reserve

Spares or Repair

Some electrical and mechanical items are entered into the auction  for spares or repair and will be identified for that purpose. 

Other Conditions

The auctioneers reserve the right to refuse entry to items that they do not consider to be suitable either as to their nature or as to their individual value.

All potential vendors must register their name and address when submitting lots and will be given an individual vendors number          - i. d. will be required.

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By  submitting a lot, attending at sale or preview the  potential vendor acknowledges the above conditions.

 

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