Automobiles of London

Please ensure that you have read and understood these terms and conditions prior to bidding at this or any other RM sale. 1. All sales are final. No bidder may retract a bid made during the sale for any reason. 2. Final bid price does not include 12% buyer's premium or applicable taxes on each lot purchased. Proof of tax exemption is buyer's responsibility. 3. All payments must be in the form of cash (In House Only) or certified funds unless other arrangements have been approved in advance. Cash (In House Only) payments will be reported according to Federal government requirements. 4. All sales are "as is" and "where is". Bidder is responsible for inspections and verification of condition, authenticity, and completeness of any item purchased. No warranties or representations of any type whatsoever are made by RM. Buyers are strongly encouraged to conduct their own evaluation and inspection. Any announcements made at the time of sale supersede any earlier printed information. 5. Bidder authorizes RM Auctions Ltd. to authorize the credit card number provided for $5000 USD. Should a bidder default on payment in any manner whatsoever, without limiting any recourse RM Auctions Ltd. may have, bidder agrees to pay RM Auctions Ltd. all lost auction fees (which is the maximum published rates for (1) the seller's commission, (2) the buyer's premium, and (3) the entry), this amount is due and payable without relief. 6. Person bidding online must be 21 years of age or older. No minors are allowed to bid. 7. If buyer is picking up items or using another shipping company other than the RM recommended company, Buyer is responsible for removing items from the auction location by 12:00 noon on the Monday following the sale. Buyer is responsible to pay for the removal of items from the site, packing, shipping, handling and insurance of any items purchased. If buyer is unable to provide RM with the name of a transportation company within 24hrs of the purchase then RM will release the lot to the onsite shipping company. Buyer will pay RM direct for the lots, buyer's fee and any applicable taxes and pay the onsite shipping company directly for their services. 8. The auctioneer reserves the right to rearrange, separate, exclude or withdraw any lot without giving a reason. 9. If buyer sues RM Auctions Ltd. and does not prevail, buyer will reimburse RM Auctions Ltd. for all legal fees and expenses in connection with said suit. 10. All terms of sale posted on the auction premises, printed in sale brochures or forms, publicly announced, communicated via the LiveAuctioneers bidding applet or otherwise published are incorporated herein by reference.

Since the sale is conducted in England, under the Auctioneers' Margin Scheme, RM must bear VAT on the buyer's premium and will therefore charge an amount in lieu of VAT at 17.5% on this premium. For example, a tax paid automobile purchased for a hammer (block) price of Â100 000 will be invoiced at Â114 100 (Â100 000 purchase price Â12,000 buyer's premium Â2,100 VAT on the buyer's premium).

Although every effort is made to ensure the accuracy of the information contained in the online auction website, such information is provided by the seller and may not be verified by RM Auctions, Ltd. prior to the sale time. Any additional information or corrections known at sale time will be announced by the auctioneer. RM Auctions, Ltd. accepts no responsibility for the condition of any items offered.

RM Auctions usually auctions automobiles at the rate of 20 lots per hour. On some occasions LiveAuctioneers bid software or the Internet may not be able to keep up with the pace of the auction. RM recommends placing a realistic absentee bid now as insurance to help avoid disappointment. Occasionally the auctioneer may eliminate or reject a LiveAuctioneers bid, and the auctioneer may also re-open a lot after the close of the LiveAuctioneers bidding (usually because of a missed audience bid), and may reject your bid even if it shows you as the winning bidder. By bidding via LiveAuctioneers, you agree that RM Auctions may award the lot to another bidder at its sole discretion under the circumstances described above or any other reasonable circumstances. Since LiveAuctioneers bids are not shown to us until we open the lot on the floor, we treat those bids just like floor bids. In most cases the floor responds before the LiveAuctioneers bid is presented to us, due to Internet lag time, so for consistency we have made it a policy that floor bids are always considered first over tie LiveAuctioneers bids. Also please note that all RM Auctions lots purchased through LiveAuctioneers carry a 10% Buyer's Premium. Please make sure you read the Terms and Conditions before you bid. This lot is being auctioned in conjunction with a live floor auction by RM Auctions, Ltd. All final auction and invoice information will be supplied by RM Auctions, Ltd., and all other information should be considered preliminary. Winning Notification and Billing: After the FINAL session in this auction is complete RM Auctions will send e-mail invoices. This process normally takes up to two days. All final auction and invoice information will be supplied by RM Auctions, Ltd., and all other information should be considered preliminary. This auction will be conducted on a live auction floor and over the Internet through LiveAuctioneers. If you choose to place an absentee bid, please take a moment to learn how LiveAuctioneers absentee bidding works by visiting a hrefhttp:www.liveauctioneers.comhelpbiddersabsentee_bid.htmlThe LiveAuctioneers websitea.