Philatelic Auctioneers' Standard Terms and Conditions
of Sale (1973 REVISION)
The auctioneers exercise all reasonable care to ensure that all statements
as to cancellation, centring, colour, condition, date of issue or of postal
markings, gum, margins, paper, perforation, printing, provenance, quality,
sheet position, status, usage, watermark, etc. in lot descriptions are
reliable and accurate, and that each item is genuine unless the contrary
is indicated. However, the statements are not intended to be, are not
and are not to be taken to be, statements of fact or representation of
fact in relation to the lot. They are statements of the opinion of the
auctioneers, and attention is particularly drawn to clause 5 of the PHILATELIC
AUCTIONEERS' STANDARD TERMS AND CONDITIONS OF SALE (1973 REVISION) set
out below. Comments and opinions, concerning the characteristics mentioned
above, which may be found in or on lots as notes, lists, catalogue prices,
writing-up or any other means of expression, do not constitute part of
lot description and are not to be taken as such unless they are made or
specifically verified by the auctioneers.
(a) Each lot is put up subject to any reserve price imposed by the vendor.
(b) Subject to sub-clause (a) of this clause, the highest bidder for each
lot shall be the purchaser thereof.
(c) If any dispute arises as to the highest bidder the auctioneer shall
have absolute discretion to determine the dispute and may put up again
and re-sell the lot in respect of which the dispute arises.
(a) The bidding and advances shall be regulated by and at the absolute
discretion of the auctioneer and he shall have the right to refuse any
bid or bids.
NOTE: Where an agent bids, even on behalf of a disclosed client, the auctioneer
nevertheless has the right at his discretion to refuse any such bid.
(b) The purchaser of each lot shall immediately on its sale if required
by the auctioneer give to him the name and address of the purchaser and
pay to the auctioneer at his discretion the whole or part of the purchase
money. If the purchaser of any lot fails to comply with any such requirement
the auctioneer may put up again and re sell the lot; if upon such re sale
a lower price is obtained than was obtained on the first sale the purchaser
in default on the first sale shall make good the difference in price and
expenses of re sale which shall become a debt due from him.
(c) Where an agent purchases on behalf of an undisclosed client such agent
shall be personally liable for payment of the purchase money to the auctioneer
and for safe delivery of the lot to the said client.
(a) The auctioneer reserves the right to bid on behalf of clients and
vendors, but shall not be liable for errors or omissions in executing
instructions to bid.
(b) The auctioneer reserves the right before or during a sale to group
together lots belonging to the same vendor, to split up and to withdraw
any lot or lots at the auctioneer's absolute discretion and without giving
any reason in any case.
(c) The auctioneer acts as agent only, and therefore shall not be liable
for any default of the purchaser or vendor.
(a) Each lot shall be at the purchaser's risk from the fall of the hammer
and shall be paid for in full before delivery and taken away at his expense
by a purchaser in the United Kingdom within 7 days from the date of sale
and by a purchaser overseas within 14 days from the date of sale or such
longer time as shall be agreed in writing between the auctioneer and the
(b) If any purchaser fails to pay in full for any lot within the time
stated in sub-clause (a) of this clause such lot may at any time thereafter
at the auctioneer's discretion be put up for sale by auction again or
sold privately; if upon such re-sale a lower price is obtained than was
obtained on the first sale the purchaser in default on the first sale
shall make good the difference in price and the expenses of re-sale which
shall become a debt due from him.
(c) Interest shall be payable by the purchaser on any overdue account,
but the auctioneer shall have a discretion to waive payment of the interest.
(a) Each lot is sold as - (i) genuine unless otherwise described in the
sale catalogue or by the auctioneer, and (ii) correctly described. Any
certificate forming part of the description of any lot will be included
in the description.
(b) A purchaser shall be at liberty to reject any lot if he - (i) gives
the auctioneer written notice of intention to question the genuineness
or, as the case may be, the accuracy of description of the lot within
7 days (or, in the case of an overseas purchaser, a reasonable time) from
the date of sale; AND (ii) proves that the lot is not genuine or was incorrectly
described; AND (iii) returns to the auctioneer within 30 days from the
date of the sale the lot in the same condition as it was at the time of
sale; provided that the auctioneer may, at his discretion, on receiving
a request in writing from the purchaser, extend for a reasonable period
the time for return of the lot to enable it to be submitted to expertisation.
NOTE: The onus of proving a lot to be not genuine or
incorrectly described is on the purchaser. The inability of a recognised
expert or an expert committee to express a definite opinion shall serve
to discharge the onus on the purchaser and shall be a ground for rejecting
the lot concerned.
(c) Where a lot has been submitted to expertisation,
all costs of such expertisation shall be paid by the person who retains
the certificate and item or items to which the certificate relates.
(d) Where the purchaser of a lot discharges the onus and acts in accordance
with sub-clause (b) of this clause, the auctioneer shall rescind the sale
and repay to the purchaser the purchase money paid by him in respect of
(e) No lot shall be rejected if, subsequent to the sale, it has been immersed
in water, marked or treated by any other process unless the auctioneer's
permission to subject the lot to such immersion or treatment has first
been obtained in writing.
(f) Any lot listed under "collections and various" or stated
to comprise or contain a collection, issue or stamps which are undescribed
shall be put up for sale not subject to rejection and shall be taken by
the purchaser with all (if any) faults, lack of genuineness and errors
of description and numbers of stamps in the lot, and the purchaser shall
have no right to reject the lot; except that, notwithstanding the foregoing
provisions of this sub-clause, where before a sale a person intending
to bid at the sale gives notice in writing to, and satisfies the auctioneer
that any such lot contains any item or items undescribed in the sale catalogue
and that person specifically describes that item or those items in that
notice, then the item or those items shall, as between the auctioneer
and that person, to be taken to form part of the description of the lot
for the purpose of sub-clauses (a), (b) and (d) of this clause.
(g) No lot illustrated on this Web Site or in the printed auction catalogue
shall be rejected on the ground of cancellation, centring, margins, perforation
or other characteristics clearly apparent from the illustration.