Please note that we reserve the right to decline payments received from anyone other than the buyer of record and that clearance of such payments will be required. If a successful bid is sent to Sotheby’s from your computer, electronic or mobile device, you irrevocably agree to pay the full purchase price, including buyer’s premium and all applicable taxes and other applicable charges. Bank transfers Our bank account details are shown on our invoices. This person/company must be approved by HMRC. By placing an Advance Bid on an Online Platform, you accept and agree that bids submitted in this way are final and that you will not under any circumstances be permitted to amend or retract your bid. Once the live auction begins, the auctioneer will open bidding at the current leading bid. Wines and spirits will be transferred in bond to the purchaser upon payment. Without prejudice to any rights the Seller may have, if the Buyer without prior agreement fails to make payment for the lot within five days of the live auction, Sotheby’s may in its sole discretion (having informed the Seller) exercise one or more of the following remedies: (a) store the lot at its premises or elsewhere at the Buyer’s sole risk and expense; (c) set off any amounts owed to the Buyer by a Sotheby’s Company against any amounts owed to Sotheby’s by the Buyer in respect of the lot; (d) apply any payments made to Sotheby’s by the buyer as part of the Purchase Price and Buyer’s Expenses towards that or any other lot purchased by the Buyer, or to any shortfall on the resale of any lot pursuant to paragraph (h) below, or to any damages suffered by Sotheby’s as a result of breach of contract by the Buyer; (e) reject future bids from the Buyer or render such bids subject to payment of a deposit; (f) charge interest at 6% per annum above HSBC Bank plc Base Rate from the Due Date to the date the Purchase Price and relevant Buyer’s Expenses are received in cleared funds (both before and after judgement); (g) exercise a lien over any of the Buyer’s property which is in the possession of a Sotheby’s Company. Not just any storage solution. Location, Storage, Collection and Delivery of Wines. Sotheby’s presents its first single-owner sale of spirits and the most comprehensive catalogue of whisky ever to be offered at auction. Payment for purchases is due in Pounds Sterling, however the equivalent amount in any other currency will be accepted at the rate prevailing on the day that payment is received in cleared funds. Should you be the successful buyer of a lot, please ensure that your paddle can be seen by the auctioneer and that it is your number that is called out. At the end of the sale, please return your paddle to the registration desk. Buyers who are based outside the UK and are not a Revenue Trader do not need to register with HMRC or appoint a Duty Representative and may open a new bond account with the distillery/warehouse without HMRC approval. All lots sold will be invoiced to the name and address in which the paddle has been registered and cannot be transferred to other names and addresses.
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