regolamento bonus sire - aste sga

SALES CONDITIONS
S.G.A., in its capacity as principal without authority to represent, shall show and sell at public auction thoroughbred
horses upon the conditions set forth below. In these Regulations “Principal” means the breeder who
has authorized S.G.A. to sell the horse and “purchaser” or “buyer” means the person to whom the lot has been
adjudicated.
The principal, in entrusting the horse to S.G.A., has declared that he is aware of these Regulations, and accepts
them.
The principle according to which simply participating involves full acceptance of all the terms and conditions
of these Regulations shall apply to all those persons taking part in the public auction, personally or through
agents.
These Regulations are printed in all catalogues for all auctions.
Art. 1 – SALES BY PUBLIC AUCTION
Any person who signs the purchase confirmation form takes on, as hereinafter defined, on his own behalf, all
the obligations of the winning bidder other than in the case where he has pre-emptively deposited the appropriate
delegation of authority form duly filled in and signed, at S.G.A.’s Office, and accepted by S.G.A.. Also
in this case the person who sign the purchasing form is responsable of the validity and potency of the delegation
of authority form used for purchase. The person who does the bid at the sale is in any case considered
personally force to purchase and, whether supply with the delegation of authority form, in accordance with
the previous paragraph, the fulfil of all obligation, following the purchase relaps on both.
S.G.A.’s liability vis-à-vis the parties is contained within the limits established in these Regulations.
Art. 2 – CONDUCT OF SALE
S.G.A. reserves the right to refuse to sell to notoriously unreliable buyers.
These shall include, inter alia, any bidder who has not fully settled a previous purchase in the ways established
by the conditions in force at the time of purchase.
Lots are knock down at the highest bidder.
The auctioneer can bid in the interest of the vendor untill reaching the reverse price.
Should it be ascertained, at the sole discretion of the Auction Director, that two or more buyers have made the
same bid, at the same time, for the same horse (whether by voice or by sign), and that both of them claim such
horse after the hammer has fallen, the horse which is subject to the dispute will be immediately put back into
the ring for bidding at the last price which it reached in such auction, and the entire public present shall be
allowed to bid for the horse again.
The horse will then be sold to the highest bidder. Bids made after the hammer has fallen and the horse has been
sold are null and void.
The decision of the Director of the Sales, relative to the 2 paragraphs above, is binding upon the parties and
is not subject to appeal.
The auctioneer, in general terms, shall conduct the auction by accepting advancing bids in an amount of not
less than:
Euro 500 to Euro 25.000,
Euro 1.000 from Euro 25.000 to Euro 50.000,
Euro 2.500 from Euro 50.000 upwards.
Art. 3 – INFORMATION TO BE PROVIDED BY THE PRINCIPAL
The principal shall provide the indication of the owner of the horse, which shall be inserted in the catalogue
at the head of the page.
The principal shall provide to S.G.A. all the information relating to the horse to be put up for auction to be
made public, both through the catalogue and by the auctioneer by voice.
The princioal is the only responsible for the reliability of the information supplied and made public. In the
absence of the information supplied by the principal, S.G.A. is authorised to publish the information in its
possession in the catalogue. Before the sale the principal shall report in writing to S.G.A. any errors or omissions
contained in the catalogue so that they may be disclosed to the public at the time of the sales by the
auctioneer. S.G.A. cannot be held liable regarding qualification for races (EBF, FIA, BC, etc.) and the nationality
of the subjects sold at auction (under art. 123 of the Rules of Racing); the information contained in the catalogue
is indicative only. Anyway any liability of SGA on the matter i s not admitted.