FOHLENAUKTION - Hengststation Ahlmann

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FOHLENAUKTION - Hengststation Ahlmann

6

Conditions of sale

A. IN GENERAL

Organizer of the auktion is Stable Hell GmbH & Co. KG and Dirk Ahlmann.

Exhibitor is the owner of the foal.

Stable Hell GmbH & Co. KG and Dirk Ahlmann sells the foals in its own

name for the account of the exhibitor in a public auction according to § 474

BGB. The organizer reserves the right as to alteration in the course of the

arrangements of the event. They will be announced in due time.

B. AUCTION

During the auction the foal is presented in hand. The foal is offered for sale

in EURO. Only bids of at least 50,00 Euros are accepted. If any doubt should

arise as to the validity of the knockdown, this has to be claimed at once. The

offer for sale can be taken up again and continued on the decision of the auctioneer

in charge. This is admissible even if the purchase note has already been

signed. If the purchaser does not completely fill in the purchase note or does

not correctly sign it, the foal may be put up for auction again on the judgement

of the auction management, with the first purchaser being liable for a

possible reduction in price.

C. SETTLEMENT, PAYMENT AND TRANSITION OF PROPERTY

I. The amount due is calculated as follows

knockdown price

+ 3% of the knock-down price as commission

= Netprice

+ 7% VAT on net price

= AMOUNT DUE

Payment has to be effected in the auction office immediately after acceptance

of the bid, cash or by bank confirmed cheque.

II. The foals remain in the property of the exhibitor until total payment of all

claims is effected. In the case of payment by cheque until unconditional clearance

thereof into the account of the organizer.

III. Should the change in ownership not take place on the auction day for reason

of payment, the exhibitor has the right to sell the foal elsewhere after the

two following working days have passed, in the case of which the purchaser

is liable for any possible reduction in price. He is also liable to the organizer.

D. PICKING UP AND TRANSITION OF DANGER

I. If foals that are older than 5 months are not picked up on the auction day,

an agreement has to be reached directly with purchaser and seller regarding

the further procedure.

It has to come to a private agreement between purchaser and seller regarding

the further stay and the resp. costs.

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