VICTOR MEE AUCTIONEERS LIMITED, trading as Victor Mee Auctions and referred to hereinafter as ‘VMA’ conducts business on the following Terms & Conditions and on such other terms or conditions as may be expressly agreed. Vendors are requested to read the following Terms & Conditions carefully before selling.

1. VMA shall have absolute discretion as to the following:

(a) Whether to offer any lot for sale or not.

(b) The place and date of sale and the manner under which the sale shall be conducted.

(c) Catalogue entries and the manner in which any lot is described.

(d) Whether to offer a lot at live auction, online auction, private treaty or tender.

2.

(a) VMA acts in all circumstances as an agent for the vendor.

(b) The vendor warrants to both VMA and the purchaser their ability to transfer unencumbered title of any lot offered for sale. Where lots have been imported into Ireland, the vendor warrants to VMA that he complied with all import and export procedures.

(c) The vendor shall indemnify VMA, it’s employees and agents and the purchasers against claims made or proceedings brought as a result of failure to comply with export or import regulations.

3.

(a) In the event of a reserve being placed on a lot, the amount must be in writing and in Euro and must be agreed by VMA. The auctioneer may at their absolute discretion decline to accept a reserve and in particular in the case of lots of low value.

(b) Any change to a reserve will be advised by VMA in writing.

(c) VMA have the right to bid on behalf of the vendor up to the amount of the reserve.

(d) The vendor authorises VMA to exercise discretion on the reserve and to accept bids of up to 10% less than the reserve figure.

(e) Where a reserve is not placed on a lot and the lot is sold to the highest bidder, the price will be deemed to reflect the market value.

(f) Where a lot fails to attract a bid at auction, VMA has the absolute discretion to deem the lot unsaleable and dispose of it.

(g) In the event of a lot failing to sell at auction, VMA may reduce the reserve at their absolute discretion and advise the vendor accordingly.

(h) Any items entered for auction which fail to comply with statutory safety legislation will be deemed to be unsaleable and disposed of.

4.

(a) The vendor authorises VMA to deduct their commission and any other expenses plus Value Added Tax thereon at the prevailing rate. The vendor’s commission is 15% of the selling price - the same rate applies to public auction, online auction and private treaty.

(b) If a lot fails to sell, the vendor shall not be charged a commission or fees.

(c) Where property is illustrated in a catalogue, website or advertised in the press the cost will be deducted from the proceeds of sale. A lotting fee of €3 per lot will be charged plus Value Added Tax thereon at the prevailing rate, on all sold lots. The vendor authorises the auctioneers to use such imagery at any time at their absolute discretion.

(d) An insurance fee is payable by the vendor at €20 per sale plus Value Added Tax at the prevailing rate.

(e) In the event of VMA engaging a carrier the vendor will be charged carriage. Vendors may request a quotation for carriage in advance of collection.

(f) Any cost incurred in the disposal of unsaleable goods will be charged to the vendor.

(g) All charges are subject to VAT at the prevailing rate (Currently 23%).

5. If, prior to the proceeds of sale being paid to the vendor, VMA receives notice from the purchaser that the lot is a forgery or is not consistent with the description and VMA concur with that view, VMA will rescind the sale and refund all monies in respect of the lot to the purchaser.

6.

(a) VMA shall pay to the vendor the proceeds of sale not more than 30 working days after the date of sale provided that the purchase price has been paid in full by the purchaser. All payments shall be made by electronic bank transfer. Accordingly, vendors should provide VMA with their bank details to facilitate prompt payment. It is the vendor's responsibility to ensure that the bank details we hold for them are correct and up to date.

(b) If, before the purchase price is paid in full, VMA pay to the vendor an amount equivalent to the sale proceeds, the property in the lot shall pass to VMA.

(c) VMA may request proof of identity and address in order to comply with government legislation.

7.

(a) Lots bought in or otherwise unsold by auction must be collected within two weeks. After the expiry of this period and after receipt by the vendor of notice from VMA requiring them to collect, VMA has the right to sell such lots by auction or private treaty without reserve and to deduct commission, storage and all reasonable expenses from the sale proceeds.

(b) Furthermore, after the expiry of such a period VMA takes no responsibility whatsoever for loss or damage to any lots.

8. Lots collected at the vendors request for transfer to VMA salerooms shall be moved at the vendor’s own risk and expense and will not be insured in transit unless VMA is otherwise instructed in writing by the vendor. Similar conditions apply in the event of lots being returned to the vendor.