The Shuttleworth Spring Motorcycle Sale 2024 Motorcycles 102 TERMS & CONDITIONS GENERAL These Terms and Conditions should be read in conjunction with the Terms and Conditions specific to Buyers and Sellers. The following Terms (“Terms”) together with such other terms, conditions and notices as may be set out in any relevant catalogue apply to all live sales by Iconic Auctioneers Limited (registered company number 07464860), The Forge, Harwoods House, Banbury Road, Ashorne, CV35 0AA (“IA”) at auction or within 14 days after the auction. No alteration to the Terms will be binding unless accepted by IA in writing. The Terms may be amended by IA provided it is reasonable for it do so by the posting of notices prior to or during the sale. Nothing in the Terms shall affect the statutory rights of a consumer. Additional information applicable to the Auction may be set out in the Catalogue for the Sale, in an insert in the Catalogue and/or in a notice displayed in the Auction Hall or via the website. Buyers should be alert to the possibility of changes. IA acts solely for and in the interests of the Seller. IA’s duty is to sell the Lot at the highest price obtainable at the Auction to a Buyer. IA does not act for Buyers in this role and does not give advice to Buyers. When IA or its employees make statements about a Lot it is doing so as agent for the Seller of the Lot. Buyers who are themselves not expert in the Lots are strongly advised to seek and obtain independent advice on the Lots and their value before bidding for them. This may include inspecting the Lot where available. DEFINITIONS 1. In these Terms: 1.1 “Auction” means the auction sale in respect of which a Lot is made available for sale. 1.2 “Auctioneer” means the representative of IA conducting the Auction or their agent nominated to do so. 1.3 “Automobilia” means any memorabilia including but not limited to trophies, badges, programmes, models, prints and other collectables. 1.4 “Buyer” means the person whose bid is accepted by IA to conclude the contract for the purchase of a Lot. 1.5 “Buyer’s Premium” means the amount payable by the Buyer to IA, calculated by reference to the hammer price and payable in addition to it. 1.6 “Catalogue” means the list of lots relating to the relevant Auction and includes any webpage advertisement, brochure, estimate, price list or other publication relating to one or more Lots. 1.7 “Contract” means the legal agreement between the Buyer and the Seller made on the successful bid of the Buyer on which the Lot is sold to them. 1.8 “Cataloguing Fee” means the sum payable by the Seller for each Lot entered into the Auction in respect of photography, script writing and marketing costs. 1.9 “Estimate” means a statement of our opinion of the range within which we think the Hammer Price for the Lot is likely to be. It should not be relied on as an indication of actual selling price or value of a Lot and does not take into account Buyer’s Premium or VAT. 1.10 “Expenses” means IA’s charges and expenses payable by the Seller in addition to the Seller’s Commission including insurance, storage, illustrations, cataloguing fee, cleaning costs, special advertising, packing and freight of that Lot and any VAT thereon. 1.11 “Hammer Price” means the price in pounds sterling at which a Lot is sold by the Auctioneer to the Buyer. 1.12 “Live Sale” means a sale open to the public for viewing and bidding in the room, conducted by an Auctioneer. 1.13 “Lot” means any item(s) consigned to IA with the view to its or their sale at Auction. 1.14 “Motor Vehicle” means any car or motorcycle included or proposed to be included in an auction together with spares, tools, documentation etc. stated as being part of the Lot. 1.15 “No Reserve” means there is no minimum price at which the Lot may be sold. 1.16 “Purchase Price” means the Hammer Price together with the Buyer’s Premium and any additional charges due plus VAT.