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25 Nov 2020 10:00 to
26 Nov 2020 10:00
 

FINE WINE, PORTS AND SPIRITS AUCTION
14 Dec 2020 18:00
 

COLLECTORS SALE
14 Jan 2021 10:00

Notice and Conditions of Sale

Notice and Conditions of Sale

1 This Notice and Conditions of Sale applies to all sales including sales by private treaty.

CONDITIONS OF SALE

1.1 Definitions

In these Conditions:

Martel Maides Auctions means Martel Maides Auctions Limited whose registered office is The Auction Rooms, Cornet Street, St Peter Port, Guernsey, GY1 1LF.

The hammer price means the price at which any lot is knocked down to the buyer. The premium means the premium payable by the buyer under Condition 1.2 below. The aggregate price means the aggregate of the hammer price and the premium. Total amount due means the aggregate price together with any additional charges and expenses.

1.2 A premium at the rate of 17.5% 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.

1.3 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.

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.

1.4 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 Important Notices for Purchasers.

1.5 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.

2. Conduct of the Sale

2.1 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. 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.

2.2 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.

2.3Martel Maides Auctions act as agents only except:

(i) in respect of any obligation to repurchase under Condition 6; or

(ii) in respect of their retention of the premium and any sums payable under condition 4.3. 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.

2.4 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.

3. Purchase, risk and title.

3.1 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 that there is any other reason for so doing, he may at his absolute discretion, put up the lot again for sale. Every bidder shall be deemed to act as principal unless there is in force a written acknowledgement by Martel Maides Auctions that he acts as agent on behalf of a named principal.

3.2 At the fall of the hammer risk in the lot sold shall pass to the buyer, and none of the seller, Martel Maides Auctions, their servants or agents shall be responsible forany loss or damage whether caused by negligence or otherwise, but ownership of such lot shall not pass until payment in respect thereof has been made in accordance with Condition 4. In the event that Martel Maides Auctions shall have agreed and made payment to the seller in respect of any lot before the buyer has made payment to Martel Maides Auctions in accordance with Condition 4, title in the property shall pass to and remain with Martel Maides Auctions until the buyer has made payment to Martel Maides Auctions.

3.3 On the fall of the hammer in respect of each lot sold the buyer shall, if so required by Martel Maides Auctions, forthwith give his name and permanent address to the auctioneer or his assistant together with his bank or other suitable references, and any such other proof of his identity as Martel Maides Auctions may at their absolute discretion require.

4. Commission and Collection

4.1The buyer shall pay the total amount due to Martel Maides Auctions not later than 4.30pm on the fifth working day following the sale and shall, upon making such payment, be required to take away the lot purchased from Martel Maides Auctions premises at their own expense.

4.2 No lot purchased shall be claimed or removed until the sale has been concluded.

4.3 If any buyer fails to pay for and take away any lot in accordance with Condition 4.1, Martel Maides Auctions as agents for the seller shall, following five working days after the conclusion of the sale, be entitled at their absolute discretion and without prejudice to any other rights or remedies:

(i) to proceed against the buyer for damages for breach of contract;

(ii) to rescind the sale of that or any other lots sold to the defaulting buyer at the same or any other auction;

(iii) without notice to the defaulting buyer at any time to resell the lot or cause it to be resold by public auction or private sale and the defaulting buyer shall pay to Martel Maides Auctions any resulting deficiency in the total amount due (adjusted for Martel Maides Auctions resale costs and any part payment received);

(iv) to remove, store and insure the lot at the expense of the defaulting buyer;

(v) to charge interest at the rate of 2% per month on the total amount due to the extent it remains unpaid for more than five working days after the conclusion of the sale. Such interest will run as well as after as before judgement becoming due and payable forthwith upon demand;

(vi) to retain that or any other lot sold to the same buyer at the same or any other auction and release it only after payment of the total amount due;

(vii) to reject or ignore any bids made by or on behalf of the defaulting buyer at any future auctions or obtain a deposit before accepting any bids in future;

(viii) to apply any proceeds of sale then due or at any time thereafter becoming due to the defaulting buyer towards settlement of the total amount due and to exercise a lien on any property of the defaulting buyer, which is in Martel Maides Auctions possession for any purpose.

4.4 Any sums received by Martel Maides Auctions from any buyer, may be appropriated by Martel Maides Auctions towards any amount owed by such buyer to Martel Maides Auctions on any account whatever, without regard to any purported appropriation of such sums by the buyer, whether express or implied.

5. Responsibility to buyers

5.1 Subject to Condition 6, all lots are sold as shown and neither Martel Maides Auctions nor the seller accept any responsibility for any faults, imperfections or errors of description however caused in or with regard to any lot, and all lots are to be taken and paid for whether genuine and authentic or not. Buyers should satisfy themselves as to the condition of any lot before bidding on it.

5.2 The attention of buyers is drawn to the general notices elsewhere in Martel Maides Auctions catalogues to the effect that all statements made and containedin the catalogue or elsewhere in any advertisement or brochure are statements of opinion only and are not to be relied on as statements or representations of fact.

5.3 Neither Martel Maides Auctions,nor any person employed by Martel Maides Auctions, nor the seller, makes or gives nor gives any authority to make or give, any representation or warranty to any person in respect of any lot, and any conditions or warranties implied by law are hereby excluded.

5.4 Martel Maides Auctions on their own behalf give no guarantee as to the right of any seller to offer any lot for sale and will not be responsible for any defect in the sellers title to such lot.

6. Forgeries

6.1 In the event of any lot proving to be a forgery Martel Maides Auctions will, at their absolute discretion and subject to the following conditions, either rescind the sale of any lot and refund such of the aggregate price has been received by them or repurchase the lot for such sum as shall equal the aggregate price paid for the lot by the buyer, provided that this obligation shall only arise if:

(i) within one year of the sale of the lot the buyer gives notice in writing to Martel Maides Auctions that the lot purchased by him through Martel Maides Auctions is aforgery (as hereinafter defined); and

(ii) the buyer returns the lot to Martel Maides Auctions in the same condition as it was at the time of the auction accompanied by written proof of forgery, the number of the lot, and the date of the auction at which it was purchased; and

(iii) the buyer proves to Martel Maides Auctions reasonable satisfaction that the lot is a forgery and that he is able to transfer a good title thereto free from any liens, charges or encumbrances; and

(iv) the buyer demonstrates to Martel Maides Auctions reasonable satisfaction that the lot alleged by him to be a forgery is the lot actually purchased by him through Martel Maides Auctions.

6.2 A forgery means an imitation intended by the maker or any other person to deceive as to authorship, date or provenance, provided that it is not shown to be such in the catalogue description and at the date of the sale had a value materially less that it would have had if it had been in accordance with that description. Notwithstanding the above, the buyer shall have no rights in respect of a forgery (as defined) if;

(i) the catalogue description at the date of the sale was in accordance with the then generally accepted opinion of scholars and experts or fairly indicated that there was a conflict of such opinion; or

(ii) it can be established that the lot is a forgery only by means of process not generally accepted for use until after the publication of the catalogue.

6.3 The benefit of this Condition shall be personal to the buyer who, for the purposeof this Condition, shall be the person to whom the original invoice is made out by Martel Maides Auctions in respect of the lot sold. The benefit of this Condition shall not be assignable by the buyer.

7. General

7.1 Any claim by a buyer against Martel Maides Auctions whether under any of these Conditions or otherwise arising out of the sale of any lot, shall be limited to theamount (if any) paid by the buyer in respect of such lot and shall not extend to any consequential or other loss or damage or expense suffered by the buyer.

7.2 The above conditions and all notices, descriptions, statements and other matters in the catalogue and elsewhere concerning any lot, are subject to any statements modifying or affecting the same made by the auctioneer from the rostrum prior to any bid being accepted for the lot.

7.3 Each bidder by the making of any bid acknowledges his acceptance of these Conditions and the terms of any Notices and other Conditions in the catalogue.

7.4 Martel Maides Auctions are under no obligation to disclose to any person the identity of either buyer or seller of any lot.

7.5 Each sale and matters connected therewith, including these conditions, shall be governed by and construed in accordance with the laws of Guernsey. By taking part in the sale every bidder submits to the non-exclusive jurisdiction of the Guernsey courts.

7.6 The headings are for convenience only and shall be ignored in construing these Conditions.

IMPORTANT NOTICES FOR UK AND WORLDWIDE BUYERS

Shipping

Please note, we do not offer a postal servicefor any lots.

All lots, with the exception of furniture and large items, will be shipped to Mail Boxes Etc in Portsmouth, UK at a minimum charge of £10, dependant on lot size and number of lots. Arrangements for onward delivery or collection from Mail Boxes Etc are the responsibility of the buyer and will incur additional delivery charges. Buyers of furniture or large items are responsible for their removal and delivery but contact details for Guernsey based removal companies can be provided upon request. For any further information on shipping please call 01481 722700.

VAT and Export

It is important to note that export restrictions may apply to certain items of Channel Islands interest. Please also be aware of the CITES regulations in your country of residence.

The Channel Islands are not part of the UK or EU. For UK residents only, Import VAT of 5% is payable on all items over 100 years old and VAT of 20% is payable on any item under 100 years old.

Import VAT is calculated on the total amount of the invoice, which will include the hammer price, buyers premium and any additional charges and is payable to Martel Maides Auctions. For any direct deliveries of furniture and large items, Import VAT is payable directly to the removal company prior to the items being shipped, together with the cost of delivery.

BUYERS PREMIUM is 17.5%