“the Hammer price” means the amount of the highest bid accepted by the auctioneer in relation to a lot “the Lot” means any item depicted within the sale for auction and in particular the item or items described against any lot number in the catalogue. “the Buyer” means the person with the highest bid accepted by the Auctioneer
The conditions that are listed below contain terms that are used regularly and may need explanation. Background to the Terms used in these Conditions By bidding at auction you agree to be bound by these terms.ġ. They may be amended by printed Saleroom Notices or oral announcements made before and during the sale. They are the terms on which Donington and the Seller contract with the Buyer. The terms and conditions of sale listed here contain the policies of Donington Auctions Pty Ltd (referred to as Donington). The buyer’s premium for the Illingworth Auction is 12.5% plus GST (13.75% total inc GST).Į.g., $1,000 hammer price will incur a buyer’s premium of $125 and GST of $12.50, resulting in a total price of $1,137.50 including buyer’s premium and GST.
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