1. The highest bidder for each lot shall be the buyer thereof. In the event of any dispute, the auctioneer shall have absolute discretion to determine the dispute and may put up again and re-sell the disputed lot.

2. The auctioneer shall have the right, at his absolute discretion, to refuse admission to his premises or attendance at his auction by any person and to require any person to pay a cash deposit before issuing him or her with a bidder number.

3. The auctioneer shall have absolute discretion to divide any lot, to combine any two or more lots, or to withdraw lots from the sale without giving any reason. The bidding shall be regulated at the absolute discretion of the auctioneer who shall have the right to refuse any bid or bids.

4. All lots are put up for sale subject to any reserve price that may be imposed by the seller. The seller shall not bid on his own property, nor employ any person to bid for him and the auctioneer alone shall have the right to bid on behalf of the seller up to the amount of any reserve. Should the reserve price be considered unreasonable by the auctioneer, the consignor is subject to at least five per cent (5%) commission on the reserve price if the goods remain unsold plus insurance charges.

5. Bidding commissions for anyone unable to attend the auction in person may be carried out by the auctioneer without charge, but "buy" commission will be accepted if the auctioneer is given absolute discretion.

6. The buyer of any lot shall immediately notify his name and address to the auctioneer and, if required, (a) provide bank or other credit references, and (b) pay the full purchase price, or a fractional deposit as may be determined at the discretion of the auctioneer.

7. Lots are sold as shown with all faults, imperfections and errors of description. Neither the auctioneer nor the seller shall give any warranty to any buyer in respect of any lot, or be liable for any fault or error of description, or lack of genuineness or authenticity of any lot. All statements as to the items sold, whether made in catalogues, during the course of the auction, or otherwise, are statements of opinion only, and are not and shall not be taken to be statements or representations of fact. The auctioneer reserves the right in forming his opinion, to consult and rely upon any expert or authority considered by him to be reliable. Notwithstanding the foregoing, if any lot should be proved by the buyer to be a forgery or re-print, or to have been wrongly described in any material respect, the buyer may reject the same, provided that he shall have given notice of his intention to do so and shall have returned the same to the auctioneer within fourteen (14) days from the day of the sale. Under no circumstances will the auctioneer be liable for any costs, expenses or damages incurred by the buyer in respect of any lot, including, but not limited to, loss of any kind of profit whatsoever. Bidders are advised to scrutinise the lots they bid for.