![]() ![]() Any permitted payment by credit card shall carry an extra charge to the buyer of such percentage of the total amount due as is displayed on the premises.Ĭ. Any credit arrangement must be settled at least 4 days before the relevant sale. If a cheque is tendered Gerrards reserves the right to instruct its bank to check the buyer's status and account balance before exercising any discretion. ![]() Cheques shall not be acceptable by Gerrards (unless Gerrards in its absolute discretion permits payment by such method) nor are third party references or credit facilities with other auction houses. Gerrards may, at its absolute discretion, agree credit terms with the buyer before an auction under which the buyer will be entitled to take possession of lots up to an agreed value in advance of payment by a stipulated future date of the total amount due. (2) pay to Gerrards the total amount due.ī. (1) give to Gerrards their names and addresses and, if requested proof of identity, and Value Added Tax is charged at the rate prevailing by law at the date of sale.Ī. Value Added Tax on the hammer price is imposed on all items affixed with an asterisk thus - *. The seller authorises Gerrards to retain beneficially the premium payable by buyers. The buyer shall pay the hammer price together with a premium thereon of 18.00% inclusive of VAT (or such other amount as shall be published by Gerrards), the said premium not being negotiable and payable by ALL buyers. The auctioneer shall have the right to refuse any bid which does not exceed the previous bid by at least 10% or by such greater proportion as the auctioneer shall in his absolute discretion direct. The right of Gerrards to bid on behalf of the seller is expressly reserved. Bidders shall be deemed to act as principals unless there is in force a written acknowledgment by Gerrards that a bidder is acting as an agent for a named principal. The highest such bidder shall be the buyer at the hammer price and any dispute about a bid shall be settled at the auctioneer's absolute discretion. Bidders are required to register their particulars and satisfy Gerrards' security arrangements before entering the auction room to view or bid. "stated rate"means Gerrards' published rates of commission for the time being and Value Added Tax thereon.Ī. "sale proceeds " means the net amount due to the seller, being the hammer price of the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to Gerrards by the seller in whatever capacity and however arising "total amount due"means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any additional charges payable by a defaulting purchaser under these Conditions į. "terms of consignment"means the stipulated terms and rates of commission on which Gerrards accepts instructions from sellers or their agentsĮ. "hammer price"means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer ĭ. "deliberate forgery" means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value materially less than it would have had if it had been in accordance with the description Ĭ. "auctioneer" means Gerrards or its authorised auctioneer, as appropriate ī. This handsome and appealing antique mechanical bank will be a welcome addition to any fine collection of banks, toys, or early American antiques.PART I - CONDITIONS MAINLY AFFECTING BIDDERS AND BUYERSĪ. Quickly, the mouse strikes at the coin, and the cat appears with a mouse and ball between its legs. ![]() One places the coin on the platform below the mouse's head and clicks the lever on the front of the bank. ![]() The action of this bank is simple but surprising and works extremely well. This example of the cat balancing variation has an original base, retains over 80% of its completely original paint, and contains no chips, cracks, or repairs. Stevens Company of Cromwell, Connecticut, the cat and mouse mechanical bank is difficult to find and often has a replaced or cracked base. Cat and Mouse Mechanical Bank Yellow Cat Balancing with Gray Center Cat Variation with Original BaseĬirca 1891: Designed by James H. ![]()
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