![]() 'Expenses' includes all fees, charges and expenses listed on the front page of the Consignment Agreement Form and/or correspondence annexed to it and/or as agreed in writing between the Company and the Seller. 'Estimated Selling Range' means the estimated Sale Price range of a Lot. 'Dollars' or '$' means Australian currency. 'Consignment Agreement Form' means the form signed, and a copy of which is received, by the Seller containing the terms on which the Seller submits a Lot or Lots for sale by the Company or the form used to provide a record of an item or items taken into custody for evaluation, research or advice. 'the Company' means TBA (NSW) Pty Ltd ABN 38 145 506 716 trading as Theodore Bruce Auctioneers & Valuers unless written notification to the contrary is provided. 'Claims' means all sums of money, debts, dues, suits, actions, causes of action, proceedings, arbitrations, claims, accounts, liabilities, losses, demands, costs, expenses, notices or any other type of claim howsoever arising out of these Conditions or anything relating to the subject matter of these Conditions. #Victorian cast iron money box plus#The relevant charges and expenses will be passed on to the Seller and/or Buyer at the price paid or payable by the Company plus 10%, or otherwise as is set out in writing or agreed by the Company and Seller and/or Buyer. 'Charges' means charges and expenses paid or payable by the Company in respect of a Lot as set out in these Conditions, including legal expenses, packing or shipping costs, taxes, levies, removal and storage charges and interest, plus any GST payable. 'Catalogue' includes any advertisement, brochure, price list and other publication produced by the Company. 'Buyer' means the person to whom a Lot is knocked down by the Auctioneer or a person who purchases a Lot sold by the Company on behalf of a Seller by private treaty or tender or any other sales process. ![]() 'Auctioneer' means the representative of the Company conducting the auction. 'Agreed Reserve' means the confidential minimum Sale Price at which a Lot may be sold as agreed in writing by Seller and the Company on the Consignment Agreement Form or otherwise. In these Conditions the following words and expressions shall (unless the context otherwise requires) have the following meanings: These Conditions apply to all sales conducted and services provided by the Company and any goods which are held by the Company for valuation, storage or any other purposes. General Conditions of Business (1 August 2014) If the reserve price has not been met by the time the auction ends, the item will not be sold. If a reserve is on an item and depending on bids placed, a "reserve not met" or "reserve met" message will display next to the bid box. ![]() ![]() ![]() This may continue for up to two hours after the scheduled close time of the last lot in the auction.Ī reserve is the minimum price that an auctioneer will sell their item for. If a bid is received within five minutes of the closing time for a lot then bidding is extened on that lot for another five minutes. The first lot of the auction starts closing at the nominated time, each subsequant lot then closes one minute later, this allows bidders the opportunity to bid on all lots in an auction. Whoever has the highest bid, subject to any reserves, when the time runs out wins the item. These auctions allow you to place bids until the scheduled end time for a particular item. Timed auctions are internet-only auctions that run for a set duration of time and are available for absentee bidding only. ![]()
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