The Milford Haven Heirloom: A Mountbatten Collection of Chinese Art

1. The highest bidder acceptable to the Auctioneer shall be the Buyer. The Auctioneer shall have absolute discretion to settle any disputes which arise and to refuse bids or to advance the bidding as seen fit.

2. When the lot is sold the buyer shall pay the Auctioneer in full the Hammer Price (plus V.A.T. if payable), together with a Buyers Premium of 25% .

3. Buyers shall provide the Auctioneer with names and addresses and if requested bank and other references.

4. Where the Lot is marked by an asterisk (*), V.A.T. is payable on the hammer price at the standard rate.

5. The ownership of a lot shall not pass to the Buyer and the Buyer shall not be entitled to remove any lot until he has made full payment to the Auctioneer of the total amount due. Payment shall be deemed to have been made only after the Auctioneer has received cash or sterling bankers draft or the Buyer's cheque has been cleared.

6. All lots must be removed at the Buyer's risk and expense as soon as possible after the sale.

7. Should a Buyer breach either of conditions 2 and 6 the Auctioneer, at his absolute discretion and without prejudice to any other rights he may have, may exercise any of the following rights:

(a) rescind the sale or any lots sold to the buyer;

(b) re-sell all or any lots by public auction or private treaty and any deficiencies in the purchase price resulting from such sale together with full costs incurred in connection with the lots or lots shall be paid to the Auctioneer by the buyer. Any surplus over the proceeds of sale shall go to the Seller;

(c) remove, store and insure (on any premises) the lot or lots at the expense of the Buyer;

(d) reject any bids made by or on behalf of of the Buyer at any future auction, or obtain part payment before accepting any future bids;

(e) apply any proceeds

8. (a) Items sold are normally of some age and are sold with any faults, imperfections and errors of descriptions.

(b) The Auctioneer does not accept responsiblity for the authenticity, attribution, origin, date, age, authorship or estimated price of any lot and any representation or settlement by the Auctioneer in any catalogue, brochure, or advertisment only. Every person interested should exercise and rely on his own judgement as to such matters and neither the Auctioneer nor his employees or agents accept any responsibility for the correctness of such opinion. No warranty whatsoever is given by the Auctioneer or the Seller in respect of any lot and any warranties or conditions whether expressed or implied by statue common law or otherwise are hereby excluded.

9. The Auctioneers will, on the Buyer's written instruction, execute bids on their behalf, but neither the Auctioneer nor his employees nor his agents shall be liable for any neglect in so doing or failure to do so.