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When the following words are used in this Buyers Guide, they mean: Auction A live sale by auction hosted by Prop Store Bidder Any person, properly registered and approved by Prop Store to participate in the Auction who makes or considers making a bid to buy a Lot at Auction Buyer The person or organisation making the highest bid or offer for a Lot accepted by the auctioneer, including a principal bidding as agent Buyers Expenses An amount equivalent to 3% of the Hammer Price (plus VAT if applicable) if the Buyers winning bid was made online, payable by the Buyer to Prop Store Buyers Premium A commission of 20% (plus VAT if applicable) of the Hammer Price for a Lot, payable by the Buyer to Prop Store Conditions of Sale Prop Stores terms and conditions of sale at auction, from time to time as may be amended, a copy of which appears in the Buyers Guide Credit Card Fee An additional 2% (plus VAT if applicable) of the aggregate amount of the Hammer Price, Buyers Premium and Buyers Expenses plus any relevant VAT, charged to the Buyer, if the Purchase Price is paid by credit card Guarantee of Attribution Prop Stores limited guarantee relating to the provenance of each Lot, given to the extent set out in Condition 10 of the Terms and Conditions of Sale Hammer Price The highest bid for a Lot accepted by the auctioneer at the Auction or the post-Auction sale price of that Lot Lot Each item or group of items consigned by the Seller to Prop Store to be made available for sale at an Auction, as detailed in the catalogue Prop Store Prop Store Limited (company number 08622002) of Great House Farm, Chenies, Rickmansworth, WD3 6EP Purchase Price The Hammer Price plus Buyers Premium and Buyers Expenses (plus VAT if applicable) Reserve Price (Where applicable) the minimum price at which the Seller has authorised Prop Store to sell a Lot Seller The person or organisation offering the Lot for sale, including their agents or personal representatives 3
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