Auction Terms & Conditions

AUCTION TERMS

Last Updated March 2022

1. DEFINITIONS

1.1 Auction Period means the period in which the Lot is available on the Website for sale.

1.2 Bidder refers to any registered member who participates in an auction via this Website by submitting a bid.

1.3 Buyer is the Bidder who has made the highest value bid for the relevant Lot at the time the auction closes.

1.4 Confirmation Email means the email that we will send to you, notifying you that your bid has been successful and containing any particulars of sale.

1.5 Goods means any collectable items provided to us to sell (including but not limited to, watches (and associated paraphernalia, possibly including a box and paperwork, straps, and/or accessories), clocks, and any other items).

1.6 Intellectual Property Rights means all intellectual property rights wherever in the world arising, whether registered or unregistered (and including any application), including copyright, know-how, confidential information, trade secrets, business names and domain names, trademarks, patents, petty patents, utility models, design rights, database rights and all rights in the nature of unfair competition rights or rights to sue for passing off.

1.7 Payment Period means the period within which a Buyer must transfer payment to us or the Seller as applicable, as communicated in the Confirmation Email.

1.8 Lot means any Goods offered for sale via auction on the Website.

1.9 Reserve is the minimum price a Seller would accept for the Lot.

1.10 Seller means the individual or company who offers the Lot.

1.11 Services are the online auction services (and any complementary services) which we make available through the Website to users.

1.12 We, us, our means A Collected Man Limited, registered in England and Wales under company number 08929257 and VAT number GB220124048.

1.13 Website is www.acollectedman.com (as amended from time to time).

2. ABOUT US

2.1 We operate the Website and provide the Services to users of our Website who wish to buy Lots.

2.2 You can contact us by telephoning our customer service team at +44 20 31799599 or by writing to us at enquiries@acollectedman.com.

3. AGREEMENT TO TERMS

3.1 Anyone may browse our Website. In order to use our Services, however, you must register as a member in accordance with paragraph 5.

3.2 These Auction Terms, together with the Website Terms of Use, Cookie Policy and Privacy Notice, (collectively the “Terms”), set out the terms which govern your use of this Website and our Services. You should read all of the Terms prior to using the Website.

3.3 If you register on our Website to become a member, you must actively accept and/or acknowledge the Terms. By participating in an auction via the Website, you are also deemed to have agreed to the Auction Terms.

4. VARIATIONS

4.1 We may from time to time vary these Auction Terms. Please check these Auction Terms regularly to ensure that you are aware of any variations made by us. If you continue to use this Website, you are deemed to have accepted the Auction Terms in force at the time of use. If you do not agree to these Auction Terms, you should not use this Website.

4.2 We reserve the right from time to time, without prior notice, to:

a) change the Website;

b) stop providing the Website, or features of the Website, to you or to members generally or create usage limits for the Website.

c) permanently or temporarily terminate or suspend your access to the Website, without liability, if in our sole determination you violate any provision of these Auction Terms.

5. REGISTRATION

5.1 In order to be permitted to bid on a Lot, you must first register as a member of the Website.

5.2 You may only register an account if: (a) you are over 18 years old; and (b) possess a valid debit or credit card (or are authorised to pay via another of our accepted methods of payment).

5.3 You can register by creating an account and then following these steps, which are also outlined on our Website:

a) within your account there is an “Auctions” section where you will need to agree to the Terms;

b) you will then be automatically directed to an “Identification Verification” section, which is powered by our verification partner. In order for us to verify your identity, you must have a valid form of identification ready;

c) with your valid form of identification, you can then complete the verification process either on a desktop computer or a mobile phone. You must upload an image of your identification and complete a selfie-check (details of which will be provided on the Website as you complete the process). Once these steps are complete, the Identification Verification can be submitted.

5.4 You must keep your chosen password and any information provided to us as part of our security procedures, confidential. You must not disclose such information to any third party (with the exception of those authorised to access your account on your behalf). If you know or suspect that anyone other than you or the authorised users know your password, you must promptly notify us at enquiries@acollectedman.com.

6. THE SELLER

6.1 We may sell our own Lots from time to time, and we also facilitate the sale of Lots by third parties. If the Lot is owned by us, we will be the Seller. If the Lot is owned by a third party, the third-party owner of the lot will be the Seller, whose identity may not be disclosed.

6.2 Where a third party is the seller, we will be selling that Lot as the agent of the Seller. This means that we are providing services to the third-party Seller to help them sell their Lot and that we are concluding the contract for the sale of the Lot on behalf of that third-party Seller. The contract created by any successful bid by you for a Lot will therefore be directly between you and the Seller, and not between you and us. We will, however, indicate where you are contracting with a private Seller by inserting a Δ symbol on the Lot.

7. BIDDING ON A LOT

7.1 If you are considering placing a bid for a particular Lot, you are responsible for reading the description of the Lot carefully before making a bid. If you have any questions regarding the Lot you should raise this directly with us prior to bidding.

7.2 The images of the Lot on our Website are for illustrative purposes only. Although we have made every effort to display the colours accurately, we cannot guarantee that the display of the colours on your computer or device accurately reflects the true colour of the Goods in the Lot.

7.3 You acknowledge that once you place a bid on a Lot, you are making an irrevocable offer to purchase that Lot and are committing to pay the Seller the amount entered in as your bid.

7.4 We may, at any time, suspend your ability to place bids via the Website if we have reason to believe that you have not complied with these Auction Terms, including but not limited to, bidding on Lots and failing to pay in full sums payable by you in relation to Lots in respect of which you are the Buyer.

8. ONLINE AUCTION PROCESS

8.1 The opening and closing date and time of the auction for each Lot shall be solely determined by us in our sole d