guineas breeze up & horses in training sale guineas ... - Tattersalls
guineas breeze up & horses in training sale guineas ... - Tattersalls
guineas breeze up & horses in training sale guineas ... - Tattersalls
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l notices to purchasers Conditions of Sale<br />
Notices to Purchasers<br />
Conditions of Sale<br />
These Conditions of Sale apply to all Lots sold at <strong>Tattersalls</strong><br />
Bloodstock Sales 2013 Craven Breeze Up onwards.<br />
<strong>Tattersalls</strong> draw your attention to the Notices to Purchasers, Guide to<br />
Catalogu<strong>in</strong>g Details and Bloodstock Industry Code of Practice pr<strong>in</strong>ted<br />
<strong>in</strong> each catalogue and to the Guide to Sales booklet available at the<br />
Ma<strong>in</strong> Sales Office.<br />
1. Parties<br />
1.1 The Purchaser shall be the highest bidder acceptable to the Auctioneer subject to the right reserved<br />
by TATTERSALLS to fix a m<strong>in</strong>imum sell<strong>in</strong>g price at all or any Sales and subject to any reserve price.<br />
1.2 The Vendor shall be the person or persons stated <strong>in</strong> TATTERSALLS <strong>sale</strong>s entry form to be the owner<br />
or owners of the Lot.<br />
2. Conduct of Sale<br />
2.1 All Lots offered for <strong>sale</strong> will be subject to a reserve price which shall be either the m<strong>in</strong>imum sell<strong>in</strong>g<br />
price or any higher reserve price <strong>in</strong> respect of which TATTERSALLS have received written notification<br />
from the Vendor prior to the time at which the Lot is put <strong>up</strong> for auction.<br />
2.2 As provided for by Law a seller of a Lot OR any one person on his behalf may bid for that Lot at the<br />
auction. The seller shall mean the Vendor or, if different, the owner. Where however a Lot is stated to be<br />
“Partnership Property” any partner, syndicate member, co-owner or other person <strong>in</strong>terested there <strong>in</strong> may<br />
bid on his own behalf either personally or through an agent.<br />
2.3 The Auctioneer is the sole arbiter as to the existence or otherwise of any dispute dur<strong>in</strong>g and/<br />
or <strong>in</strong> connection with the conduct of the <strong>sale</strong> and if any such dispute arises the Lot so disputed shall be<br />
immediately put <strong>up</strong> aga<strong>in</strong> and re-sold.<br />
2.4 The Auctioneer reserves the right without giv<strong>in</strong>g any reason therefor to reject or ignore any or all bids.<br />
2.5 TATTERSALLS reserves the right to withdraw any Lot before or dur<strong>in</strong>g any Sale without giv<strong>in</strong>g any<br />
reason therefore.<br />
2.6 It is the Vendor’s duty to ensure that written notification of any reserve price greater than the<br />
m<strong>in</strong>imum sell<strong>in</strong>g price is received by TATTERSALLS prior to the time at which the Lot is put <strong>up</strong> for auction.<br />
2.7 Onl<strong>in</strong>e bidd<strong>in</strong>g facilities may be provided by TATTERSALLS and, where provided, their use shall<br />
be subject both to these Conditions of Sale and to TATTERSALLS’ Onl<strong>in</strong>e Terms of Bus<strong>in</strong>ess. Vendors and<br />
bidders are strongly advised to read these Conditions of Sale and TATTERSALLS’ Onl<strong>in</strong>e Terms of Bus<strong>in</strong>ess.<br />
3. Commission and Fees<br />
3.1 An entry fee is payable to TATTERSALLS by the Vendor <strong>in</strong> respect of each Lot entered and catalogued.<br />
3.2 Commission is payable to TATTERSALLS by the Vendor at the rate of 5% of the price of each Lot<br />
whether:<br />
(a) sold or bought <strong>in</strong> by auction at TATTERSALLS Sales, or<br />
(b) sold otherwise than by auction at TATTERSALLS Sales between the date of publication of the<br />
catalogue for the Sale <strong>in</strong> which the Lot was entered and 28 days after the last day of that Sale.<br />
Provided that for the purpose of sub-condition (b) above TATTERSALLS reserves the right to<br />
substitute a fair price for any <strong>sale</strong> price notified to it or to determ<strong>in</strong>e a fair price when no <strong>sale</strong> price is<br />
notified to it. Provided also that where a Lot is bought-<strong>in</strong> 100% by the Vendor and<br />
(i) TATTERSALLS receive written notification to that effect by the end of sell<strong>in</strong>g on the day of the<br />
buy-<strong>in</strong>, and<br />
(ii) the Vendor <strong>in</strong>structs TATTERSALLS to publish the Lot as bought-<strong>in</strong>, then the rate of commission<br />
is reduced to 2.5% unless the Lot was bought-<strong>in</strong> onl<strong>in</strong>e <strong>in</strong> which event the rate of commission<br />
rema<strong>in</strong>s at 5%. Full Commission is to be paid by the Vendor to TATTERSALLS on demand <strong>in</strong> respect<br />
of any Lot returnable and returned to the Vendor.<br />
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