762
CHATEAU LATOUR 1955 (1), 1er Grand Cru Classe, Pauillac, (mid shoulder, ripped label), 1 bo...
Currency:GBP
Category:Everything Else / Other
Start Price:NA
Estimated At:80.00 - 100.00 GBP
NOT SOLD (BIDDING OVER)
0.00GBP+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2003 May 20 @ 10:00UTC
CHATEAU LATOUR 1955 (1)
1er Grand Cru Classe, Pauillac
(mid shoulder, ripped label)
1 bottle
£80-100
Auction Location:
United Kingdom
Previewing Details:
Saturday 17th May 2003, 9.00 a.m. - 12.30 p.m., Monday 19th May 2003, 9.30 a.m. - 7.00 p.m.
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
1. Definitions. In these Conditions Dreweatt Neate act only as auctioneers and agents for the seller and the representative of Dreweatt Neate conducting the auction is called the 'Auctioneer'
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2. General. Whilst Dreweatt Neate make every effort to ensure the accuracy of their catalogues and the description of any lot: -
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Each lot as set out in the catalogue or as divided or combined with any other lot or lots is sold by the seller with all faults, imperfections and errors of description.
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Dreweatt Neate do not accept responsibility for the authenticity, attribution, genuineness, origin, authorship, date, age, period, condition or quality of any lot unless they have been instructed in writing by the seller to so certify, and in such case the Auctioneers do so as agents of the seller and are not themselves responsible for such claims.
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Any claim under any Statute must be received in writing by the Auctioneer within ten days of the day of the sale.
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3. The Auction.
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4. Rescission. Notwithstanding any other terms of these Conditions, if within fourteen days after the sale Dreweatt Neate have received from the buyer of any lot notice in writing that in his view the lot is a deliberate forgery and within twenty-one days after such notification the buyer returns the same to Dreweatt Neate in the same condition as at the time of sale and by producing evidence, the burden of proof to be upon the buyer, satisfies Dreweatt Neate that considered in the light of the entry in the catalogue the lot is a deliberate forgery then the sale of the lot will be rescinded and the purchase price of the same refunded. The seller and the buyer agree to be bound by Dreweatt Neate's decision.
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SELLERS CONDITIONS
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13. Insurance
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All goods on Dreweatt Neate's premises and in their custody will be held insured against the risks of fire, burglary and water damage for which insurance Dreweatt Neate will charge a premium of £1 per £100 (minimum £1). The value of the goods so covered shall be the gross amount realised, or in the case of unsold lots the best bid, or in the case of loss prior to sale, the reserve price. When no reserve has been fixed, at that price which the staff of Dreweatt Neate shall at their absolute discretion estimate to be the auction value of such goods.
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In respect of any article delivered to Dreweatt Neate if the seller has in force a policy or policies of insurance in which the article is specifically mentioned as being insured whether or not for an agreed sum or value, the seller shall notify his insurers of, and shall himself note Dreweatt Neate's interest as bailees in such policy or policies.
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14. Reserves.
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All goods are put up for sale WITHOUT RESERVE unless written instructions as to reserve are received by Dreweatt Neate prior to the commencement of the sale.
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In the event of any reserve price not being reached at auction, Dreweatt Neate are empowered to sell after the auction, by private treaty, at not less than the reserve price, as long as the' goods remain on Dreweatt Neate's premises. In the event of such a sale by private treaty the Conditions of Sale applicable to a buyer governing the auction will apply.
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BUYERS CONDITIONS
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22. Property and Risk. The legal title in a lot shall not pass to the buyer until the lot(s) has been paid for in full and the Auctioneers shall be entitled to a lien on any lot sold until the purchase price (as defined in 23 below) is paid in full but each lot is at the sole risk of the buyer from the fall of the hammer. Each buyer shall forthwith give his full names and permanent address and if called upon to do so by the Auctioneer shall forthwith pay Dreweatt Neate such proportion of the purchase price as the Auctioneer may require. If the buyer fails to do so, the lot may at the Auctioneer's sole discretion be put up again and re-sold.
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No purchase shall be claimed or removed until the sale has been concluded. All lots shall be paid for and removed at the buyer's risk and expense by the end of the second working day after the sale, failing which the Auctioneer shall not be responsible if the same are lost, stolen, damaged or destroyed, and all lots not so removed shall remain at the risk of the buyer and subject to a warehousing charge. If they are not paid for and removed within seven days of the sale the Auctioneer may re-sell them by auction or privately without notice to the buyer. Any liability which there may be on the part of the Auctioneer in respect of any loss shall be restricted to a maximum of the price paid by the buyer of the lot.
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In the event of any failure of the buyer to comply with any of the above conditions the damages recoverable by the seller or the Auctioneers from the defaulter shall include any loss arising on any re-sale of the lots, together with the charges and expenses in respect of both sales, and together with interest at 2% above Barclays Bank plc Base Rate upon the price of any lot which has not been paid for within forty-eight hours of the sale, and any money deposited in part payment shall be held by the Auctioneers on account of any liability of the defaulter to them or to the seller. The Auctioneers are unable to accept payment from successful bidders other than in cash or by the bidder's own cheque. Cheques drawn by third parties, whether in the Auctioneer's favour or requiring endorsement, cannot be accepted.
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25. Purchase Price. The buyer shall pay the hammer price together with a premium at the stated rates on the hammer price. Under the Auctioneers' Margin Scheme operated by HM Customs & Excise, the premium does not attract VAT as an addition to the stated premium rate.
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26. Commission to Bid. Dreweatt Neate will execute bids on behalf of intending buyers unable to attend the sale at no charge. Dreweatt Neate undertake to purchase lots as cheaply as allowed by other bids and reserves. Bids must be submitted in writing and whilst every care is taken in carrying out instructions Dreweatt Neate cannot be held responsible for errors or omissions made in carrying out such bids.
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