In the event of any reserve price not being reached at auction, Reemans are empowered to sell after the auction, by private contract, at not less than the reserve price, subject to a 10% Auctioneers discretion. The seller shall be entitled to place a reserve price on any lot and the Auctioneer shall have the right to bid on behalf of the seller. Any person attending the Sale Room to be answerable for all damage they may do to any lots or to the premises.Ĩ. No warranty is given or is to be implied by the description in this catalogue.ħ. Each and every lot shall immediately at the fall of the hammer to be considered as delivered and be and remain in every aspect at the absolute risk of the prospective buyer(s) thereof and shall be taken with all faults and errors of description, whether as to quality, condition, material, date, artist or origin and no allowance shall be made in respect of any error, misdescription or imperfection. The contract of sale is to be deemed in all cases as made exclusively with the Auctioneers and the payment is to be made to them or the Clerk only.Ħ. The remainder of the buyer’s money to be paid before delivery. The buyers to give in their names and addresses (if required) and to pay a deposit of 25% in part payment of the purchase money in default the lot or lots purchased by them to be at the disposal of the Auctioneers. The ‘final bid’ means the price at which the lot is knocked down to the buyer.ĥ. chargeable on the final bid and such premium. The purchase price payable by the buyer shall be the aggregate of the final bid and a premium of 20% of the final bid together with any V.A.T. The Auctioneer has the right at his absolute discretion to refuse any bid and to advance the bidding as he may decide.Ĥ. The highest bidder acceptable to the Auctioneer shall be the buyer but if any dispute arises during or immediately after the sale of the lot, the lot may be put up again immediately at the absolute discretion of the Auctioneer.ģ. Reeman Dansie Limited trading as Reeman Dansie (hereby referred to as ‘Reemans’) act only as Auctioneers and agents and their representatives is hereafter referred to as ‘The Auctioneer’.Ģ.