A signed Manny Pacquiao boxing trunks presentation,

IMPORTANT INFORMATION FOR BIDDERS & BUYERS

Conditions of Business

All lots are offered subject to Graham Budd Auctions Ltd’s (GBA) Conditions of Business.

Estimates and Reserves 

Estimates are published as a guide only. The final hammer price maybe higher or lower than the range of figures given are there are no predetirmined starting prices.The estimates published are exclusive of the auctioneer's buyer's premium and VAT. Lots are subject to reserve prices. The reserve price will under no circumstances exceed the published low estimate. 

Graham Budd Auctions Buyer’s Premium & VAT 

A buyers premium of 17.5% is applicable to all lots in this sale. The buyers premium is subject to VAT at the standard rate (20%). An additional 3% + VAT will be added to the invoice total when successfully bidding via the-saleroom.com.

Pre-Sale Viewing

All lots in this auction will be made available for public auction at the saleroom, Sotheby's, Upper Grosevnor Gallery, 34-35 New Bond Street, London, W1A 2AA. The viewing times are as follows:

Sunday 25th October 12noon to 5pm

Monday 26th October 9am to 4.20pm

Tuesday 27th October 9am and to the conclusion of the auction.

Bidding in Person

To bid in person with us you must register to obtain a bidding paddle number. Before the auction, you will need to fill in a form at the registration desk located just insdie the saleroom. You will need to provide photographic ID, e.g. passport or driving licence. The invoice will be issued to the name and address you provide at registration and may note be transferred to other names and addresses..

If you instruct an agent to bid on your behalfyou will need to provide a letter of authority and your agent will also need to provide photographic ID. Graham Budd Auctions reserves the right to refuse.

Please hand back the bidding paddle to a member of staff after use.

 Absentee bidders

If you are unable to attend the auction in person and are unable to take advantage of the-saleroom.com facility, the auctioneer will be accepting written bids from absentee bidders. All bids must be submitted in good time by email, post, fax or by phoning through to a member of staff. Additionally, there will be a telephone bidding facility at the auction, but subject always to the availability of lines & staffing. These services are offered free of charge and are subject to our Conditions of Business, which can be read in full at our website www.grahambuddauctions.co.uk. Please contact the auctioneer if you require further information.

Online Bidding

The auctioneer will also offer an online bidding service via the-saleroom.com. In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with GBA you: authorise GBA, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and confirm that you are authorised to provide these credit card details to GBA through www.the-saleroom.com and agree that GBA are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.

 Payment

Payment is due in sterling immediately after the sale and before purchases can be released. Payments in person can be made in the saleroom immediately after the auction, after this payments must be made by transfer to our bank, card transactions by telephone, Papal or by cheque through the post.

Methods of Payment

Graham Budd Auctions Ltd welcome the following Methods of Payment:

Electronic Transfer

Our bank details are:

Barclays Bank plc

Sort Code: 20-71-74

Account: 60420255

Account Name: Graham Budd Auctions Ltd

IBAN: GB64BARC20717460420255

SWIFT/BIC: BARCGB22

Credit/Debit Card

We are pleased to accept major credit cards (including American Express) for which a surcharge will be made of 3% of the transaction total. This is to cover the charge made to us by our bank. There is no charge for payments made by debit card.

Sterling Bankers Draft or Building Society Sterling Cheque

 Drawn on a recognised UK bank or building society. Please note that the auctioneer requires seven days to clear sterling cheques and we always reserve the right to hold goods until a cheque is cleared. 

Cash

Cash payments will be accepted up to a maximum of £6,000.

 Paypal

Paypal payments can be made to gb@grahambuddauctions.co.uk. Please contact the auctioneer so that the 3.4% Paypal charge can be added to the invoice total.

Collection or delivery or lots

On receipt of cleared funds, lots can be collected from saleroom during the auction. Thereafter all ots will be transferred to the auctioneer's storage facility in Enfield, north London. Lots can be collected there by prior appointment. Alternatively, GBA can supply competitive quotations for the delivery of purchase lots, including packing and shipping on a worldwide basis. Arrangements should be made within 14 days of the auction. Thereafter the auctioneer reserves the right to apply storage charges on uncollected purchases.

 Conduct of the Auction

The auctioneer will commence the bidding at the “starting bid” and advance the bidding in such increments as he considers appropriate. The contract between the buyer and the seller is concluded on the striking of the auctioneer’s hammer. The auctioneer shall have discretion to refuse bids, withdraw or re-offer for lots for sale (including after the fall of the hammer) if he believes that there may have been an error or dispute, and may also take such other action as he reasonably deems necessary. Title in a lot will not pass to the buyer until GBA has received the purchase price in cleared funds.

Remedies for non-payment

Without prejudice to any rights that the seller may have, if the buyer fails to make payment for the lot, GBA may in its sole discretion exercise one or more of the following remedies:-

(a) cancel the sale of the lot;

(b) charge interest at 4% per annum above The Bank of England’s Base Rate from the payment date to the date that the purchase price is received in cleared funds;

(c) re-sell the lot by auction or privately, with the new sale price at GBA’s discretion, in which case the buyer will be liable for any shortfall between the original purchase price and the amount achieved on re-sale;

(d) commence legal proceedings to recover the purchase price for the lot, plus interest and legal costs;

(e) disclose the Buyer’s details to the seller to enable the seller to commence legal proceedings.

Data Protection

GBA will use information supplied by bidders or otherwise obtained lawfully by GBA for the provision of auction related services, client administration, marketing and as otherwise required by law. By agreeing to these Conditions of Business, the bidder agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in the above service provisions, and to the seller solely in the event on non-payment.

Miscellaneous

a) All images of lots, catalogue descriptions and all other materials produced by GBA are the copyright of GBA.

b) These Conditions of Business shall be interpreted in accordance with English Law, under the exclusive jurisdiction of the English Courts, in favour of GBA.