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Conditions of Sale
Please note: it is assumed that all bidders at auction have read and  agreed to the conditions described on this page. Proctor Auctions staff  are available during the auction viewing to clarify any questions you  may have.

l. Registration: Only registered bidders may bid at  auction. If you wish to bid online, you are required to complete the  online registration giving your correct name, email, address, telephone  contact and any supplementary information requested. All the other  bidders are required to register at the auction rooms or with an  absentee/phone bidding form prior to the auction.

2. Bidding: The highest bidder will be the purchaser  subject to the auctioneer accepting the winning bid and any vendor's  reserve having been reached. The auctioneer has the right to refuse any  bid. If this takes place or in the event of a dispute the auctioneer may  call for bids at the previous lowest bid and proceed from this point.  Bids advance at sums decreed by the auctioneer unless signaled otherwise  by the auctioneer. No bids may be retracted. The auctioneer retains the  right to bid on behalf of the vendor up to the reserve figure.

3. Reserve: Lots are offered and sold subject to the vendor's reserve price being met.

4. Lots offered and sold as described and viewed: Proctor  Auctions makes all attempts to accurately describe and catalogue lots  offered for sale. Notwithstanding this neither the vendor nor Proctor  Auctions accepts any liability for errors of description or faults and  imperfections whether described in writing or verbally. This applies to  questions of authenticity and quality of the item. Buyers are deemed to  have inspected the item thoroughly and proceed on their own judgment.  The act of bidding is agreed by the buyer to be an indication that they  are satisfied on all counts regarding condition and authenticity.

5. Buyers premium: The purchaser by bidding acknowledges  their acceptance of a buyers premium to be added to the hammer price in  the event of a successful sale at auction. Please consult the relevant  auction catalogue to confirm the premium for each sale.

6. Proctor Auctions is an agent for a vendor: Proctors has  the right to conduct the sale of an item on behalf of a vendor. This  may include withdrawing an item from sale for any reason.

7. Payment: Successful bidders are required to make full  payment immediately post sale - being either the day of the sale or the  following day. If for any reason payment is delayed then a 20% deposit  is required immediately and the balance to 100% required within 3  working days of the sale date. We accept payment via Eftpos, cash (under  $5000.00) and direct credit. Visa and MasterCard credit cards are  accepted, however a surcharge of 3% will be added. Payments for invoices  over $10,000.00 must be made by direct credit to our bank account. Our  bank details for deposits are 06-0901-0762387-01. Please use your buyer  number as transaction reference.

8. Failure to make payment: If a purchaser fails to make  payment as outlined in point 7 above Proctor Auctions may without any  advice to the purchaser exercise its right to: a) rescind or stop the  sale, b) re offer the lot for sale to an underbidder or at auction.  Proctor Auctions reserves the right to pursue the purchaser for any  difference in sale proceeds if this course of action is chosen, c) to  pursue legal remedy for breach of contract.

9. Collection of goods: Purchased items are to be removed  from Proctor Auctions premises immediately after payment. Absentee and  online bidders must make provision for the uplifting of purchased items.  If you instruct Proctor Auctions to arrange for packing and dispatch of  the goods, you agree to pay any costs incurred by Proctor Auctions.  Note: Proctor Auctions requests that these shipping arrangements are  made prior to the auction date to ensure prompt delivery processing.

10. Bidders obligations: The act of bidding means all  bidders acknowledge that they are personally responsible for payment if  they are the successful bidder. This includes all registered online,  absentee or telephone bidders. Bidders acting as an agent for a third  party must obtain written authority from Proctor Auctions and provide  written instructions from any represented party and their express  commitment to pay all funds relating to a successful bid by their  nominated agent.

11.Bids under reserve & highest subject bids: When the  highest bid is below the vendor's reserve this work may be announced by  the auctioneer as sold 'subject to vendor's authority' or some similar  phrase. The effect of this announcement is to signify that the highest  bidder will be the purchaser at the bid price if the vendor accepts this  price. If this highest bid is accepted then the purchaser has entered a  contract to purchase the item at the bid price plus any relevant buyers  premium.

IMPORTANT ADVICE FOR BUYERS

The following information does not form part of the  conditions of sale, however buyers, particularly first time bidders are  recommended to read these notes.

A. Bidding at auction: Please ensure your instructions to  the auctioneer are clear and easily understood. It is well to understand  that during a busy sale with multiple bidders the auctioneer may not be  able to see all bids at all times. It is recommended that you bid  promptly if you are online or on the phone, or raise your bidding number  clearly and without hesitation if you are in the room. If your bid is  made in error or you have misunderstood the bidding level please advise  the auctioneer immediately of your error - prior to the hammer falling.  Please note that if you have made a bid and the hammer has fallen and  you are the highest bidder you have entered a binding contract to  purchase an item at the bid price. New bidders in particular are advised  to make themselves known to the sale auctioneer who will assist you  with any questions about the conduct of the auction. 

B. Absentee bidding: Proctor Auctions welcomes absentee  bids both through the online bidding platform or via the standard  Absentee Bidding Form, once the necessary authority has been completed  and lodged with Proctor Auctions. Proctor Auctions will do all it can to  ensure bids are lodged on your behalf but accepts no liability for  failure to carry out these bids. Please follow all instructions given on  the online bidding platform or on the Absentee Bidding Form when  lodging your bids. Absentee bids are accepted up to 2 hours prior to the  published auction commencement.

C. Telephone bids: The same conditions apply to telephone  bids. It is highly preferable to bid over a landline as the vagaries of  cellphone connections may result in disappointment. You will be  telephoned prior to your indicated lot arising in the catalogue order.  If the phone is engaged or connection impossible the sale will proceed  without your bidding. At times during an auction the bidding can be  frenetic so you need to be sure you give clear instructions to the  person executing your bids. The auctioneer will endeavour to cater to  the requirements of phone bidders but cannot wait for a phone bid so  your prompt participation is requested.

D. New Zealand dollars: All estimates in this catalogue  are in New Zealand dollars. The amount to be paid by successful bidders  on the payment date is the New Zealand dollar amount stated on the  purchaser invoice. Exchange rate variations are at the risk of the  purchaser.