Capital Asset Auctions: Important Sale Information 

 

Welcome to Capital Asset Auctions. If you're considering participating in our sales or auctions, it's crucial to understand and agree to the full Terms & Conditions, including this Important Sale Information and any Special Conditions that may apply to certain lots. These terms are applicable to all lots listed, whether by auction or private treaty.

 

Please Read our Full Terms & Conditions as well as this Important Sale Information Carefully Before completing the Registration process and Bidding – the below is only a summary of some of the key points. 

 

Auctioneers Refund Guarantee Policy*: Lots listed within the sale maybe subject to a ‘Refund Guarantee*’ Where a full refund will be offered for the lot, Which will attract an ‘Administration Fee’ charged at £495+VAT

 

• * Any refund issued will have such charges as ‘Buyers Premium’ ‘Re-Auction Entry Fee’ ‘Delivery’ & ‘Administration Fee’ deducted from the refund amount.

 

• * Any ‘Auctioneers Refund Guarantee’ falls to the sole discretion of the Auctioneer.

 

Trade Only Sales: Our sales are strictly for trade participants, meaning all consumer rules, regulations, and cooling-off periods do NOT apply. By bidding, you affirm your participation as a trade entity.

 

Registration and Bidding: Register via Capital Asset Auctions, iBidder.com, or BidSpotter.co.uk. Full agreement to 'Terms & Conditions and Important Sale Information' and any 'Special Conditions' is mandatory for participation. Account approval may be manual, based on purchase history.

 

Account Holder Responsibilities: As the account holder, you are liable for all bidding activity. All sales are trade only. In the event you are not a limited company, you must be a trader aged over 18, and a UK resident, and capable of completing purchases for any lots you win before auction end.

 

Lot Listing and Conditions: Lot Information & Item Summary’s are for guidance only. Capital Asset Auction strongly advise for all bidders to conduct their own due diligence on all aspects of lots of interest before bidding.

 

Viewing and Inspection: Strongly advised before bidding. Viewings and inspections are by appointment only and must precede any bid on the lot(s) of interest. We welcome assessments by professional bodies on behalf of bidders.

 

Binding Bids: Once you submit a Bid, it's final and cannot be retracted.

 

Winning and Provisional Bids: Winning or provisional acceptance of your bid leads to invoicing via email and Business WhatsApp Messenger (where available), with a specified payment deadline.

 

Payments: Strictly by Bank Transfer with specific payment deadlines. 

No Cash / Debit or Credit Card, Finance, PayPal or any other method of payments are accepted. 

 

Collection or Delivery: Post-payment, collections are strictly by appointment. Assistance with delivery arrangements is available, though charges apply.

 

Buyer's Premium Commission: All lots are subject to an additional Buyer's Premium Commission. 

Administration Charge: All lots are subject to an administration charged at the rate of £495 Subject to VAT.

 

Special Conditions: All Lots are subject to a 20% + Vat "Special Condition Charge" in addition top the standard Buyers Premium Commission, Administartion Fee and Vat charged at the current U.K rate.  

 

VAT- Value Added Tax: All Lots & Charges are subject to VAT - Value Added Tax charged at the current U.K Rate of 20%, Including: Buyers Premium Commission, Special Conditions, Storage Charges, Late Payment Fees & Administration Charges.

 

Some Lots may be free from VAT - Value Added Tax, which means that lot will be sold “Margin VAT”

 

Storage: A daily storage fee of £50.00 plus VAT is charged starting from three days after an item is won, applicable every day including weekends and holidays. These fees are levied per individual lot. Before any lot can be collected or delivered, all storage fees must be paid in full. The auctioneer may choose to re-auction uncollected lots to recover unpaid storage fees. Uncollected lots are immediately placed into storage with charges accruing from day one. If a lot remains uncollected for three months after the date of purchase, it is considered abandoned unless a written agreement states otherwise.

 

Important Notices

 

Late Payments Fees: In the event of payment not being received in full before the payment deadline, A chargeable daily Late Payment Fee of 3% Subject to VAT will be applied across the Total Invoice Figure, Including weekends and Bank Holidays.

 

Be Advised, Should any invoice become overdue, Late Payment Fees will be applicable, As well as Storage Charges becoming chargeable from the date of purchase.

 

Cancellations: Cancellations are not generally allowed. In the event they are, at the auctioneers sole discretion, they will incur fees, and these will include cancellation fee (equal to Buyer's Premium Commission) re-auction fee, and administration fee.

 

Final Reminders: By participating, you acknowledge and accept our Terms & Conditions in full, including this Important Sale Information. Non-compliance or misunderstanding of these terms does not absolve you from the commitments made by Registering and bidding.

 

For complete terms, additional information, or to address any queries, please visit our website or reach out to us directly. We wish you a successful and informed bidding experience at Capital Asset Auctions.