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The following Conditions of Sale are applicable to U.S. Auctions.

1.         CONDITIONS OF SALE. 

By registering to bid or placing a bid on any item consigned to auction (collectively, a “Lot”) with Broad Arrow Auctions LLC and its affiliated companies (herein referred to as “BA”), whether you do so directly, through an agent, or through anyone else that obtains control of your bidding credentials or bid paddle (collectively, “Bidder”), Bidder agrees to the following conditions of sale — together with any conditions of sale posted in the auction room, auction catalog, or online through www.broadarrowauctions.com at the time of your bid, and including any Lot notices or addenda (whether published in a catalog, on-site at an auction, online at www.broadarrowauctions.com, or announced before the sale of a Lot) (collectively, the “Conditions”). Bidder agrees the Conditions are binding upon Bidder’s agents, heirs, executors, legal representatives, successors, and assigns. No person may bid at a BA auction without first registering with BA and providing an acceptable form of government-issued identification and evidence of adequate financial capability, and BA may accept, reject, or condition such registration in any way at its sole discretion. BA reserves the right to request additional information that supports identity and/or financial capability from any Bidder for purposes of registering to bid or placing a bid on any Lot.

2.         BA ACTS AS CONSIGNOR’S AGENT. 

All Lots are offered at auction by BA as the agent for the Lot’s seller (“Consignor”) and not on behalf of BA directly, unless otherwise disclosed. At the conclusion of the auction of each Lot, a sales contract is formed directly between Consignor and the winning Bidder of the Lot (if any). BA is not a party to that sales contract, and BA shall have no liability or responsibility for any breach or default by Consignor. Occasionally, BA may have a legal, beneficial, or financial interest in a Lot, which will be disclosed (e.g., through auction catalog symbols within a Lot description).

3.         RESERVE PRICES AND ESTIMATES ON LOTS. 

A Consignor may offer a Lot subject to a “Reserve” (i.e., the minimum sale proceeds acceptable to Consignor before Consignor’s applicable commissions or expenses). As is common practice in auctions, all Lots are offered subject to a Reserve unless otherwise disclosed and a Reserve is confidential with the Consignor and not disclosed to the public. A Consignor may lower (but not increase) the Reserve at any time. BA may at its sole discretion sell any Lot below its Reserve. The amount of the Reserve will always be an amount lower than or equal to any published low estimate of the Lot. Any published estimates of a Lot are illustrative and subjective opinions on expected Hammer Price prepared in advance of a BA auction, and Bidder agrees not to rely upon any Lot estimates as an indication of the Lot’s value. Lot estimates are subject to change and may be amended either orally or in writing before or at a BA auction, and BA shall have no liability regarding any Lot estimates under any circumstances.

4.         ROLE OF AUCTIONEER. 

The auction of the Lot will be conducted by BA’s on-site or online representative (“Auctioneer”), who will solicit and accept bids aided by other personnel as determined by BA. BA and its auctioneer will have sole and absolute discretion with regard to the Lot as to: (a) whether to accept or reject bids in any amount; (b) whether and in what amount to place bids on behalf of Consignor up to and including the Lot’s Reserve, if the Lot is offered subject to a Reserve; (c) the conduct of the auction (including bid increments, use of a bid display or currency converter, whether to restart the auction of the Lot in whole or in part for any reason, whether to withdraw the Lot from auction for any reason or cancel the auction, and settling any disputes regarding bidding on the Lot); (d) recognition of any sale to Bidder at the auction or whether the Lot has instead been “passed” for sale at the end of its auction; and (e) whether to rescind or terminate the sale of any Lot if BA determines in its sole discretion that it cannot complete the transaction for any reason, in which case BA shall refund any payment by Bidder that has not yet been transferred to Consignor as well as any Buyer’s Premium paid to BA in full satisfaction of BA’s obligations, and Bidder shall have no further remedy of any kind against BA notwithstanding anything to the contrary in the Conditions. Bidder agrees that BA shall have no liability whatsoever to Bidder or any other party for the exercise of any of the foregoing rights, or for any errors in the execution or failure to execute any bid in any medium, including bids submitted online, over the phone, or via absentee bid, regardless of any circumstances.

5.         USE OF BID DISPLAY OR CURRENCY CONVERTER. 

For the avoidance of doubt, the bid price stated by the Auctioneer is the prevailing and binding bid price. BA may use a bid display or currency converter, which is provided solely for bidder convenience, may not reflect real-time bids or currency conversions, and should not be relied upon by any bidder. Errors, inaccuracies, and time delays may occur in the operation of a bid display or currency converter. Neither BA nor its agents shall be responsible for any errors or omissions in any bid display or currency converter.

6.         SALES PROCEEDS AND BUYER’S PREMIUM. 

Where Bidder is the winning bidder of the Lot, Bidder is responsible for promptly paying to BA the following “Sales Proceeds”: (a) the last accepted auction bid once the Lot has cleared its Reserve, if any (the “Hammer Price”); (b) the applicable “Buyer’s Premium” based on the Hammer Price of the Lot; and (c) all applicable taxes and duties, expenses, and other disclosed fees. Unless otherwise modified in writing by BA for a particular auction or Lot, BA’s standard Buyer’s Premium is: (i) if the Lot is a motor car, then the sum of twelve percent (12%) of the first $250,000 of the Hammer Price and ten percent (10%) of the amount by which the Hammer Price exceeds $250,000; and (ii) if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price.

7.         PAYMENT METHOD AND DEADLINE. 

Unless prior arrangements have been agreed to by BA, Sales Proceeds are due in full to BA by the winning Bidder by 5pm ET the first business day following the auction (the “Payment Deadline”). All payments must be made in U.S. funds by wire transfer, certified bank check, cashier’s check, or with prior approval of BA’s finance department, personal or company check. For non-motor car purchases only, Bidder authorizes any credit card on file with BA to be charged for Sales Proceeds up to and including $5,000. Purchases by credit card shall be subject to a service fee of 3.49% of the portion of the Sales Proceeds charged to a credit card. At BA’s discretion, the sale of the Lot may be invoiced to any Bidder by BA (whereby all Sales Proceeds will be received by BA), or implemented and documented directly between Consignor and the Bidder (with some or all of the Hammer Price paid by the Bidder to Consignor, and the remainder of the Sales Proceeds separately invoiced and paid to BA).

8.         NON-PAYMENT BY BIDDER. 

Bidder agrees that in the event of any non-payment by Bidder of the full Sales Proceeds by the Payment Deadline, BA shall be entitled to in its sole discretion exercise one or more of the following remedies, without notice to Bidder and in addition to any other remedies BA may have available at law or in equity: (a) remove and store the Lot at the risk, cost, and expense of Bidder and enforce payment against Bidder of the full Sales Proceeds and all other Lot storage fees, late charges, and costs of collection (including attorney’s fees), including by seeking either damages or specific performance; (b) cancel the sale of the Lot or any other Lot to Bidder, and return the Lot to Consignor or sell the Lot to another person, whether by auction or private sale, with or without Reserve, and hold Bidder liable for the (i) applicable Buyer’s Premium based on the original Hammer Price of the Lot and (ii) payment of any deficiency in the Sales Proceeds upon resale plus all costs and expenses of resale, attorney’s fees, late charges, and any incidental damages; (c) charge Bidder interest on the unpaid Sales Proceeds from the Payment Deadline in the amount of one and one-half percent (1.5%) per month, or the maximum amount allowed by law, whichever is less; (d) offset any sums due from BA to Bidder against the outstanding Sales Proceeds, or retain or sell any proceeds or property of Bidder in BA’s possession or control and apply the net sale proceeds from such sale against the outstanding Sales Proceeds; (e) repossess any Lot from Bidder for which the Sales Proceeds are overdue and resell such Lot; or (f) reveal Bidder’s identity and contact information to Consignor for Consignor to exercise any available remedies.

9.         NON-REMOVAL BY BIDDER. 

Unless prior arrangements have been agreed to by BA, the Lot must be removed by the Payment Deadline. Bidder agrees that if the Lot is not removed by the Payment Deadline, then BA shall have the right (but not the obligation) to remove and store any Lot at Bidder’s sole risk and expense at a daily rate of $50 (and Bidder authorizes BA to charge such expenses to any valid credit card or account of Bidder on file), and Bidder shall be responsible for all costs of removal, storage, transportation, and handling, at a storage location of BA’s choice. Bidder hereby grants BA an irrevocable power of attorney to remove and store such Lot at Bidder’s expense. Except in BA’s sole discretion, no Lot shall be released to Bidder until the Sales Proceeds have been fully paid and Bidder has fully complied with the Conditions.

10.       BIDDER REPRESENTATIONS AND WARRANTIES. 

By participating in a BA auction and/or bidding, Bidder represents and warrants that: (a) Bidder is complying with and agrees to comply with all applicable laws, rules and regulations, and the Conditions; (b) neither Bidder nor any guest of Bidder (including any entity that owns either in whole or in part or other third person where Bidder is the agent of a principal) is subject to restrictions on trade, including embargoes or sanctions under the laws of the United States, European Union, Scotland, England and Wales, Switzerland, or other applicable jurisdictions, Bidder’s purchase of and payment for a Lot are not connected with any criminal activity (including money laundering, tax evasion or terrorist financing), and Bidder is neither under investigation for nor has been charged with or convicted of such criminal activity; (c) Bidder has the financial ability and intention to pay the Sales Proceeds for any Lot on which Bidder bids, and Bidder is acting as a principal when bidding unless BA expressly agrees in writing before Bidder places a bid that Bidder acts as an agent for another disclosed principal; (d) Bidder and any guest of bidder attending or participating in a BA auction agrees to comply with all applicable policies and procedures BA may communicate, including any posted signage or notices; (e) Bidder is responsible for any damage to a Lot by Bidder and any guest of bidder, whether negligently or intentionally, and Bidder agrees to be liable for all resulting damage and loss and shall pay or reimburse BA (and its principal or agent, as the case may be) in full to compensate for any such damage; (f) any bid made by Bidder is binding and irrevocable, and Bidder may not change or rescind any bid once made; (g) Bidder is solely responsible for Bidder’s own diligence before bidding on any Lot and Bidder is solely relying upon Bidder’s own inspection of the Lot, and BA makes no representations or warranties regarding the Lot (including whether any Lot satisfies any emissions standards, can be exported to any jurisdiction, or otherwise regarding the mechanical or cosmetic quality or condition, history, authenticity, originality, title, registration, safety or roadworthiness of any Lot); (h) Bidder has not relied on any BA description, inspection, or condition report of the Lot, Bidder shall not be entitled to rely on any oral statement made by anyone regarding the Lot, including by BA or any of its agents, and Bidder shall hold BA harmless for any oral or written statements in any medium made by BA that accurately repeat the Lot information supplied by Consignor or any description approved by Consignor; and (i) BA shall not be liable for any loss, damage, or injury sustained by any Bidder and any guest of Bidder while attending a BA auction or on BA’s premises (including the premises where an auction, pre-auction preview, inspection or test drive of any Lot may be conducted), except where such loss, damage, or injury is caused by the sole negligence or intentional act of BA, its agents, or employees.

11.       ALL LOTS ARE SOLD AS IS, WHERE IS, AND BA DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES.

ALL LOT SALES ARE “AS IS, WHERE IS” AND “WITH ALL FAULTS” AND NEITHER BA NOR CONSIGNOR MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND WHATSOEVER REGARDING ANY LOT. BIDDERS ARE STRONGLY ENCOURAGED AND SOLELY RESPONSIBLE FOR INDEPENDENTLY INSPECTING ANY LOTS BEFORE BIDDING, AND BIDDERS MUST SATISFY THEMSELVES AS TO THE CONDITION OF THE LOTS AND ALL MATTERS REGARDING LOTS BEFORE BIDDING, INCLUDING HISTORY, AUTHENTICITY, ORIGINALITY, ANY NECESSARY OR DESIRED REPAIRS, RESTORATION, OR MISSING PARTS AND ACCESSORIES, AND APPLICABLE DUTIES AND TAXES. BA AND CONSIGNOR HEREBY EXPRESSLY DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES, INCLUDING ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES RELATING TO THE CONDITION, HISTORY, AUTHENTICITY, OR ORIGINALITY OF A LOT, TITLE OR REGISTRABILITY OF A LOT, ROADWORTHINESS OR MERCHANTABLE QUALITY OF A LOT, OR THAT A LOT CAN BE USED FOR ANY PARTICULAR PURPOSE. NO STATEMENT OR INFORMATION SET FORTH IN ANY CATALOG OR LOT DESCRIPTION, NOR ANY ESTIMATES, INVOICE, BILL OF SALE, TITLE DOCUMENT, CONDITION REPORT, NOTICE, ADVERTISEMENT, OR ANY OTHER WRITING OR ANY ORAL STATEMENT REGARDING A LOT SHALL BE DEEMED TO CREATE ANY WARRANTY OR REPRESENTATION ABOUT A LOT.

12.       TRANSFER OF OWNERSHIP AND RISK. 

The Lot shall remain Consignor’s property until BA or the Auctioneer has announced the sale of the Lot, at which point ownership rights to the Lot and all risk of loss of the Lot will transfer from Consignor to a Bidder. The Bidder is then responsible for and assumes all risk of loss or damage to the Lot. BA, and its employees, officers, directors, and agents, shall not be liable for any loss or damage to any Lot at any time, and Bidder shall look solely to its own insurance for any theft, loss, or damage to the Lot during Bidder’s ownership.

13.        TRANSFER OF TITLE, EXPORT, AND REGISTRATION. 

Unless BA manages title reassignment or registration of a Lot on Bidder’s behalf, Bidder is responsible for obtaining necessary title, ownership, and registration documentation for the Lot, and BA makes no representations or warranties regarding title, ownership, or registration (except that Consignor has represented to BA that Consignor has the authority to sell such Lot). Notwithstanding, BA can provide reasonable assistance in coordinating the transfer of certain title or ownership (where applicable) to Bidder at Bidder’s expense. Certain Lots may be sold with a “Title in Transit” such as where Lot titles have liens, Lots are sold subject to non-U.S. registration documents, or Lot titles are not yet in BA’s possession. Title in Transit means that Bidders should expect longer lead times for receiving title (where applicable), which may exceed 30 days following the auction, depending on processing times at various Departments of Motor Vehicles in applicable states or other third parties. Unless prior arrangements have been agreed to by BA, Bidder is responsible for registering a motor car at its final destination promptly upon receipt of a title. Bidder shall also be solely responsible, including the payment of any costs or fees, for timely obtaining any necessary licenses or permits to export a Lot out of the United States and/or to import a Lot into a foreign jurisdiction. Bidder is responsible for paying all federal, state, city, and any and all other taxes due, unless exempt by law. Bidder is responsible for supplying any proof of exemption, which is subject to BA’s verification. In any jurisdiction where BA is not a registered motor vehicle dealer or where BA does not collect sales tax and registration fees on registrable vehicles, or in the event BA fails to collect such taxes or fees for any reason, Bidder shall be solely responsible for the payment of any sales or use taxes arising from the sale and delivery of any Lot. BIDDER HEREBY AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS BA AGAINST ANY CLAIMS, DAMAGES, LOSSES, OR ASSESSMENTS BY ANY COUNTRY, STATE, COUNTY, CITY, OR OTHER GOVERNMENTAL AGENCY FOR ANY FAILURE TO REGISTER A MOTOR CAR LOT, FOR ANY UNPAID SALES OR USE TAXES, AND FOR ANY UNPAID DOCUMENTATION AND LICENSING FEES (INCLUDING ANY INTEREST AND PENALTIES THAT MAY ACCRUE OR BE ASSESSED THEREON) ARISING FROM OR RELATED TO THE SALE OF A LOT TO BIDDER.

14.       POST-SALE LOT ISSUES. 

If Bidder promptly raises a claim regarding a Lot after purchase before BA has paid Consignor the Hammer Price, BA in its sole discretion may retain some or all of the Hammer Price and attempt to broker a solution among Consignor and Bidder. In such event, and if BA in its sole discretion deems Bidder’s claims valid, then BA may cancel or rescind the sale of the Lot and reimburse Bidder any portion of the Hammer Price still in BA’s possession.

PLEASE READ THIS SECTION 15 CAREFULLY, AS IT AFFECTS YOUR LEGAL RIGHTS AND REMEDIES.

15.1.    GOVERNING LAW AND BINDING ARBITRATION. 

The Conditions and all claims or causes of action (whether in contract, tort or statute) that may be based upon, arise out of or relate to the Conditions or a Lot, or the negotiation, execution or performance of the Conditions (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with the Conditions), shall be governed by and enforced in accordance with the laws of (a) the State of Michigan (in cases where Bidder is not a resident of the state where the Lot is auctioned) or (b) the state where the Lot is auctioned (in cases where Bidder is a resident of the state where the Lot is auctioned), without regard to choice of law principles. ANY DISPUTE, CLAIM, OR CONTROVERSY ARISING OUT OF OR RELATING TO THE CONDITIONS, A LOT, OR THE BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION, OR VALIDITY OF THE CONDITIONS, INCLUDING THE DETERMINATION OF THE SCOPE OR APPLICABILITY OF THE CONDITIONS SHALL EXCLUSIVELY BE SUBJECT TO ARBITRATION. THE PARTIES SHALL PROCEED TO ARBITRATION NEAR DETROIT, MICHIGAN, OR ANOTHER MUTUALLY AGREEABLE VENUE, BEFORE ONE ARBITRATOR. THE ARBITRATION SHALL BE ADMINISTERED BY THE AMERICAN ARBITRATION ASSOCIATION (“AAA”) PURSUANT TO THE AAA COMMERCIAL ARBITRATION RULES UNDER ITS EXPEDITED PROCEDURES (AVAILABLE AT WWW.ADR.ORG/RULES). FOR ANY CLAIM WHERE THE TOTAL AMOUNT OF THE AWARD SOUGHT IS $25,000 OR LESS, THE AAA, BIDDER, AND BA MUST ABIDE BY THE FOLLOWING RULES: (A) THE ARBITRATION SHALL BE CONDUCTED SOLELY BASED ON WRITTEN SUBMISSIONS; AND (B) THE ARBITRATION SHALL NOT INVOLVE ANY PERSONAL APPEARANCE BY THE PARTIES OR WITNESSES UNLESS OTHERWISE MUTUALLY AGREED BY THE PARTIES. Judgment on the award may be entered in any court having jurisdiction. This clause shall not preclude the Parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. In the event that either Party brings action against the other, arising from or relating to the Conditions or a Lot, the prevailing Party, as determined by the arbitrator or court, shall be entitled to recover its reasonable attorneys’ fees and costs, including through appeals.

15.2.    LIMITATION OF LIABILITY.

TO THE FULLEST EXTENT PERMITTED BY LAW, BIDDER AGREES BA’S MAXIMUM LIABILITY RELATED TO THE CONDITIONS OR A LOT IS EQUAL TO THE GREATER OF (A) THE AMOUNT OF BUYER’S PREMIUM THAT BIDDER ACTUALLY PAID TO BA (IF ANY), AND (B) THE ADMISSION OR REGISTRATION FEES BIDDER PAID (IF ANY) OR THAT WERE APPLICABLE TO ATTEND THE BA AUCTION OF THE LOT OR BID ON THE LOT. BIDDER HEREBY EXPRESSLY AND KNOWINGLY WAIVES AND AGREES NOT TO SEEK ANY SPECIAL, INDIRECT, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND ARISING OUT OF OR RELATING IN ANY WAY TO THE CONDITIONS OR ANY LOT, INCLUDING ANY LOST PROFITS, REGARDLESS OF THE ACTS OR OMISSIONS OR FAULT OF BA.

15.3.    WAIVER OF JURY AND CLASS

ACTION RIGHTS. THE PARTIES AGREE THAT BY ENTERING INTO THIS AGREEMENT, THEY ARE EACH WAIVING THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION. THE PARTIES AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH OF THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. ANY ARBITRATION WILL TAKE PLACE ON AN INDIVIDUAL BASIS; CLASS ARBITRATIONS AND CLASS ACTIONS ARE NOT PERMITTED.

16.       ENTIRE AND CONTINUING AGREEMENT. 

The Conditions constitute the entire agreement between BA and Bidder and except as stated herein, contain all of the representations, conditions, and warranties between them with respect to any purchased Lot and their relationship. For the avoidance of doubt, these Conditions shall govern the Parties at any future BA auctions and by bidding at any future such auction, Bidder re-affirms their consent to be governed by these Conditions. The Conditions may only be modified or superseded in a writing signed by BA’s duly authorized representatives.

17.       CONSTRUCTION AND SEVERABILITY.

 If any term of the Conditions is invalid or unenforceable, that term shall be deemed modified or deleted, but only to the extent necessary to comply with the statute, regulation, ordinance, order, or rule, and the remaining provisions of the Conditions shall remain in full force and effect. The Parties agree that any rule of law providing that ambiguities shall be construed against the drafting party, shall be of no force or effect. Time is of the essence for Bidder’s performance of the Conditions.

18.       NOTICE. 

Any notice to be given by any Party may be given by Federal Express, UPS, USPS, or similar registered courier with copies sent via email to Bidder’s email on file and to BA at BALegal@hagerty.com.

19.       CLIENT CONFIDENTIALITY AND ANTI-MONEY LAUNDERING. 

BA shall not be required to disclose the identity of any Consignor to Bidder without a court order or except in accordance with government regulations. Bidder acknowledges BA may use information provided by Bidder for identity verification using third-party service providers for KYC (Know Your Client) and AML (Anti-Money Laundering) compliance. Bidder agrees to provide all information and assistance reasonably requested by BA to comply with KYC/AML processes, laws, and regulations.

20.       PRIVACY POLICY. 

Bidder consents to BA and its partners storing and using Bidder’s personal information in accordance with BA’s privacy policy, located on www.broadarrowauctions.com. If Bidder has questions regarding the use of personal information, or wishes to unsubscribe to any services, please email privacy@hagerty.com.

21.       COPYRIGHT POLICY. 

BA owns or licenses the copyright in all photographs, videos, and descriptions of any Lots created by or for BA, and BA in its sole discretion shall have the right to use, reproduce, and publish any of them for any purpose in any media at any time. Bidder shall have no right, title or interest to any of the foregoing in the event of buying a Lot, and Bidder agrees not to use, reproduce, or publish such copyrighted materials without BA’s prior written consent.

22.       LIKENESS. 

Bidder and any guest of Bidder grant all necessary rights to BA and agree BA has permission and license to use their likeness for video, photography, and any other recording, display, broadcast, or publication for any and all purposes (including advertising and marketing purposes) at any time. Bidder and any guest of Bidder waive all rights or claims (including rights of privacy and publicity) that might arise from such use under any applicable law.

23.       NO TAX OR LEGAL ADVICE. 

Bidder is solely responsible for ensuring its own tax compliance with all amounts due under the Conditions. Bidder authorizes BA to collect any taxes, duties, VAT, or any other applicable tax on Bidder’s behalf, where required by law. BA has not provided Bidder with any tax or legal advice in connection with the Conditions, and Bidder has had an opportunity to consult its own tax or legal advisors regarding the Conditions. For the avoidance of doubt, BA makes no representations regarding Bidder’s ability to claim any tax exemption in connection with any purchase of any Lot, including any Lot with proceeds designated for charity in whole or in part.

24.       EU CONSUMER PROTECTION RIGHTS FOR CERTAIN ONLINE-ONLY AUCTIONS. 

For certain online-only auctions, if (a) Bidder is a “consumer” (i.e., acting for purposes that are mainly outside its trade, business, craft, or profession) who habitually resides in the European Union or United Kingdom and (b) Consignor is a “business” or “trader” (i.e., acting for purposes relating to its trade, business, craft, or profession, whether personally or through another person), then the Bidder may have the right to cancel the online purchase of goods (the “Consumer Cancellation Right”) under certain countries’ laws during the period of fourteen (14) calendar days after the Bidder or their designated agent acquires physical possession of the Lot. If such a Bidder exercises the Consumer Cancellation Right, BA will notify Consignor and cancel the sale of the Lot. A Bidder who exercises the Consumer Cancellation Right is responsible for any and all expenses associated with the Lot, including transportation, storage, insurance, duty, and taxes. If a Bidder exercises the Consumer Cancellation Right, such Bidder bears all risk of loss, and is therefore advised to insure the Lot until Consignor retakes possession. BA reserves the right to make the reasonable determination as to whether a Consignor meets the definition of a business or trader under this section.

25.       CALIFORNIA CAR BUYER’S BILL OF RIGHTS. 

Pursuant to California law, BA offers any Bidder who buys a used motor car at a California auction for less than $40,000 the option to purchase a two-day cancellation option agreement, which is subject to statutory conditions and exceptions. Please note there is no cooling-off period unless Bidder purchases such an agreement.


The following Conditions of Sale are applicable to Auctions in the United Kingdom and Switzerland.

1.         CONDITIONS OF SALE.

By accepting these terms and conditions, and/or by registering to bid or placing a bid on any item consigned to auction (collectively, a “Lot”) with Broad Arrow Group UK Limited and its affiliated companies (herein referred to as “BA”), whether you do so directly, through an agent, or through anyone else that obtains control of your bidding credentials or bid paddle (collectively, “Bidder”), Bidder agrees to the following conditions of sale — together with any Lot notices or addenda announced before the sale of a Lot, or posted in the auction room, auction catalog, or online through www.broadarrowauctions.com at the time of your bid (collectively, the “Conditions”). Bidder agrees the Conditions are binding upon Bidder’s agents, heirs, executors, legal representatives, successors, and assigns. No person may bid at a BA auction without first registering with BA and providing an acceptable form of government-issued identification and evidence of adequate financial capability, and BA may accept, reject, waive or condition such registration in any way at its sole discretion. BA reserves the right to request additional information that supports identity and/or financial capability from any Bidder for purposes of registering to bid or placing a bid on any Lot.

2.         BA ACTS AS CONSIGNOR’S AGENT.

All Lots are offered at auction by BA as the agent for the Lot’s seller (“Consignor”) and not on behalf of BA directly, unless otherwise disclosed. At the conclusion of the auction of each Lot, a sales contract is formed directly between Consignor and the winning Bidder of the Lot (if any). BA is not a party to that sales contract, and BA shall have no liability or responsibility for any breach or default by Consignor. Occasionally, BA may have a legal, beneficial, or financial interest in a Lot, which will be disclosed (e.g., through auction catalog symbols within a Lot description).

3.         RESERVE PRICES AND ESTIMATES ON LOTS.

A Consignor may offer a Lot subject to a “Reserve” (i.e., the minimum sale proceeds acceptable to Consignor before deducting Consignor’s applicable commissions or expenses). As is common practice in auctions, all Lots are offered subject to a Reserve unless otherwise disclosed and a Reserve is confidential with the Consignor and not disclosed to the public. A Consignor may lower (but not increase) the Reserve at any time. BA may at its sole discretion sell any Lot below its Reserve. The amount of the Reserve will always be an amount lower than or equal to any published low estimate of the Lot. Any published estimates of a Lot are illustrative and subjective opinions on expected Hammer Price (as defined in Section 6 below) prepared in advance of a BA auction, and Bidder agrees not to rely upon any Lot estimates as an indication of the Lot’s value. Lot estimates are subject to change and may be amended either orally or in writing before or at a BA auction, and BA shall have no liability regarding any Lot estimates under any circumstances.

4.         ROLE OF AUCTIONEER.

The auction of the Lot will be conducted by BA’s on-site or online representative (“Auctioneer”), who will solicit and accept bids aided by other personnel as determined by BA. BA and its auctioneer will have sole and absolute discretion with regard to the Lot as to: (a) whether to accept or reject bids in any amount; (b) whether and in what amount to place bids on behalf of Consignor up to and including the Lot’s Reserve, if the Lot is offered subject to a Reserve; (c) the conduct of the auction (including bid increments, use of a bid display or currency converter, whether to restart the auction of the Lot in whole or in part for any reason, whether to withdraw the Lot from auction for any reason or cancel the auction, and settling any disputes regarding bidding on the Lot); (d) recognition of any sale to Bidder at the auction or whether the Lot has instead been “passed” for sale at the end of its auction; and (e) whether to rescind or terminate the sale of any Lot if BA determines in its sole discretion that it cannot complete the transaction for any reason, in which case BA shall refund any payment by Bidder that has not yet been transferred to Consignor as well as any Buyer’s Premium paid to BA in full satisfaction of BA’s obligations, and Bidder shall have no further remedy of any kind against BA notwithstanding anything to the contrary in the Conditions. Bidder agrees that BA shall have no liability whatsoever to Bidder or any other party for the exercise of any of the foregoing rights, or for any errors in the execution or failure to execute any bid in any medium, including bids submitted online (including at bid.broadarrowauctions.com or the Broad Arrow Auctions app), over the phone or via absentee bid (including using the telephone or absentee bid forms at broadarrowauctions.com), regardless of any circumstances.

5.         USE OF BID DISPLAY OR CURRENCY CONVERTER.

For the avoidance of doubt, the bid price stated by the Auctioneer is the prevailing and binding bid price. BA may use a bid display or currency converter, which is provided solely for bidder convenience, may not reflect real-time bids or currency conversions, and should not be relied upon by any bidder. Errors, inaccuracies, and time delays may occur in the operation of a bid display or currency converter. Neither BA nor its agents shall be responsible for any errors or omissions in any bid display or currency converter.

6.         SALES PROCEEDS AND BUYER’S PREMIUM.

Where Bidder is the winning bidder of the Lot, Bidder is responsible for promptly paying to BA the following “Sales Proceeds”: (a) the last accepted auction bid once the Lot has cleared its Reserve, if any (the “Hammer Price”); (b) the applicable “Buyer’s Premium” based on the Hammer Price of the Lot; and (c) all applicable taxes and duties, expenses, and other disclosed fees (including but not limited to removal and storage fees). Unless otherwise modified in writing by BA for a particular auction or Lot, BA’s standard Buyer’s Premium is: (i) if the Lot is a motor car, then the sum of fifteen percent (15%) (plus VAT on the Buyer’s Premium) of the first £250,000, €250,000, or CHF250,000 of the Hammer Price and twelve and one-half percent (12.5%) (plus VAT on the Buyer’s Premium) of the amount by which the Hammer Price exceeds £250,000, €250,000, or CHF250,000; (ii) if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price (plus VAT on the Buyer’s Premium at live auctions, and inclusive of VAT on the Buyer’s Premium at automobilia-only auctions) and (iii) for the 2026 Global Icons auction, if the Lot is a motor car, then ten percent (10%) (plus VAT on the Buyer’s Premium) of the Hammer Price, and if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price (inclusive of VAT on the Buyer’s Premium).

7.         PAYMENT METHOD AND DEADLINE.

Unless prior arrangements have been agreed to by BA, Sales Proceeds are due in full to BA by the winning Bidder by 5pm local auction time on the first business day (meaning any day other than a Saturday, Sunday or public holiday where the auction is held) following the auction (the “Payment Deadline”). All payments must be made with funds payable by wire transfer in the auction’s announced default currency, which will be either Great British Pounds (GBP), Euros (EUR), or Swiss Francs (CHF). For non-motor car purchases only, Bidder authorizes any credit card on file with BA to be charged for Sales Proceeds up to and including £5,000, €5,000, CHF5,000. Purchases by corporate card shall be subject to a service fee of up to 3.49% of the portion of the Sales Proceeds charged to a corporate card. At BA’s discretion, the sale of the Lot may be invoiced to any Bidder by BA (whereby all Sales Proceeds will be received by BA), or implemented and documented directly between Consignor and the Bidder (with some or all of the Hammer Price paid by the Bidder to Consignor, and the remainder of the Sales Proceeds (if any) separately invoiced and paid to BA).

8.         NON-PAYMENT BY BIDDER.

Bidder agrees that in the event of any non-payment by Bidder of the full Sales Proceeds by the Payment Deadline, BA shall be entitled to in its sole discretion exercise one or more of the following remedies, without notice to Bidder and in addition to any other remedies BA may have available at law or in equity: (a) remove and store the Lot at the risk, cost, and expense of Bidder and enforce payment against Bidder of the full Sales Proceeds and all other Lot storage fees, late charges, and costs of collection (including lawyers’ fees), including by seeking either damages or specific performance; (b) cancel the sale of the Lot or any other Lot to Bidder, and return the Lot to Consignor or sell the Lot to another person, whether by auction or private sale, with or without Reserve, and hold Bidder liable for the (i) applicable Buyer’s Premium based on the original Hammer Price of the Lot and (ii) payment of any deficiency in the Sales Proceeds upon resale plus all costs and expenses of resale, lawyers’ fees, late charges, and any incidental damages; (c) charge Bidder interest on the unpaid Sales Proceeds from the Payment Deadline in the amount of one and one-half percent (1.5%) per month, or the maximum amount allowed by law, whichever is less; (d) offset any sums due from BA to Bidder against the outstanding Sales Proceeds, or retain or sell any proceeds or property of Bidder in BA’s possession or control and apply the net sale proceeds from such sale against the outstanding Sales Proceeds; (e) repossess any Lot from Bidder for which the Sales Proceeds are overdue and resell such Lot; or (f) reveal Bidder’s identity and contact information to Consignor for Consignor to exercise any available remedies.

9.         NON-REMOVAL BY BIDDER.

Unless prior arrangements have been agreed to by BA, the Lot must be removed by the Payment Deadline. Bidder agrees that if the Lot is not removed by the Payment Deadline, then BA shall have the right (but not the obligation) to remove and store any Lot at Bidder’s sole risk and expense at a daily rate of £50, €50 or CHF50 plus VAT (if applicable) until the Lot is removed (and Bidder authorizes BA to charge such expenses to any valid credit card or account of Bidder on file), and Bidder shall be responsible for all costs of removal, storage, transportation, and handling, at a storage location of BA’s choice. Bidder hereby grants BA an irrevocable power of attorney to remove and store such Lot at Bidder’s expense. Except in BA’s sole discretion, no Lot shall be released to Bidder until the Sales Proceeds have been fully paid and Bidder has fully complied with the Conditions.

10.       BIDDER REPRESENTATIONS AND WARRANTIES.

By participating in a BA auction and/or bidding, Bidder represents and warrants that: (a) Bidder is complying with and agrees to comply with all applicable laws, rules and regulations, and the Conditions; (b) neither Bidder nor any guest of Bidder (including any entity that owns either in whole or in part or other third person where Bidder is the agent of a principal) is directly or indirectly subject to, or controlled by any individual or entity that is subject to, restrictions on trade, including embargoes or sanctions under the laws of the United States, European Union, United Kingdom, Switzerland, or other any applicable jurisdictions, Bidder’s purchase of and payment for a Lot are not connected with any criminal activity (including money laundering, tax evasion or terrorist financing), and Bidder is neither under investigation for nor has been charged with or convicted of such criminal activity; (c) Bidder has the financial ability and intention to pay the Sales Proceeds for any Lot on which Bidder bids, and Bidder is acting as a principal when bidding unless BA expressly agrees in writing before Bidder places a bid that Bidder acts as an agent for another disclosed principal; (d) Bidder and any guest of bidder attending or participating in a BA auction agrees to comply with all applicable policies and procedures BA may communicate, including any posted signage or notices; (e) Bidder is responsible for any damage to a Lot by Bidder and any guest of bidder, whether negligently or intentionally, and Bidder agrees to be liable for all resulting damage and loss and shall pay or reimburse BA (and its principal or agent, as the case may be) in full to compensate for any such damage; (f) any bid made by Bidder is binding and irrevocable, and Bidder may not change or rescind any bid once made; (g) Bidder is solely responsible for Bidder’s own diligence before bidding on any Lot and Bidder is solely relying upon Bidder’s own inspection of the Lot, and BA makes no representations or warranties regarding the Lot (including whether any Lot satisfies any emissions standards, can be exported to any jurisdiction, or otherwise regarding the mechanical or cosmetic quality or condition, history, authenticity, originality, title, registration, fitness for purpose, safety or roadworthiness of any Lot); (h) Bidder has not relied on any BA description, inspection, or condition report of the Lot, Bidder shall not be entitled to rely on any oral statement made by anyone regarding the Lot, including by BA or any of its agents, and Bidder shall hold BA harmless for any oral or written statements in any medium made by BA that accurately repeat the Lot information supplied by Consignor or any description approved by Consignor; and (i) BA shall not be liable for any loss, damage, or injury sustained by any Bidder and any guest of Bidder while attending a BA auction or on BA’s premises (including the premises where an auction, pre-auction preview, inspection or test drive of any Lot may be conducted), except where such loss, damage, or injury is caused by the sole negligence or intentional act of BA, its agents, or employees.

11.       ALL LOTS ARE SOLD AS IS, WHERE IS, AND BA DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES.

ALL LOT SALES ARE “AS IS, WHERE IS” AND “WITH ALL FAULTS” AND NEITHER BA NOR CONSIGNOR MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND WHATSOEVER REGARDING ANY LOT. BIDDERS ARE STRONGLY ENCOURAGED AND SOLELY RESPONSIBLE FOR INDEPENDENTLY INSPECTING ANY LOTS BEFORE BIDDING, AND BIDDERS MUST SATISFY THEMSELVES AS TO THE CONDITION OF THE LOTS AND ALL MATTERS REGARDING LOTS BEFORE BIDDING, INCLUDING HISTORY, AUTHENTICITY, ORIGINALITY, ANY NECESSARY OR DESIRED REPAIRS, RESTORATION, OR MISSING PARTS AND ACCESSORIES, AND APPLICABLE DUTIES AND TAXES. BA AND CONSIGNOR HEREBY EXPRESSLY DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES, INCLUDING ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES RELATING TO THE CONDITION, HISTORY, AUTHENTICITY, OR ORIGINALITY OF A LOT, TITLE OR REGISTRABILITY OF A LOT, ROADWORTHINESS OR MERCHANTABLE QUALITY OF A LOT, OR THAT A LOT CAN BE USED FOR ANY PARTICULAR PURPOSE. NO STATEMENT OR INFORMATION SET FORTH IN ANY CATALOG OR LOT DESCRIPTION, NOR ANY ESTIMATES, INVOICE, BILL OF SALE, TITLE DOCUMENT, CONDITION REPORT, NOTICE, ADVERTISEMENT, OR ANY OTHER WRITING OR ANY ORAL STATEMENT REGARDING A LOT SHALL BE DEEMED TO CREATE ANY WARRANTY OR REPRESENTATION ABOUT A LOT.

12.       TRANSFER OF OWNERSHIP AND RISK.

The Lot shall remain Consignor’s property until BA or the Auctioneer has announced the sale of the Lot, at which point ownership rights to the Lot and all risk of loss of the Lot will transfer from Consignor to a Bidder. The Bidder is then responsible for and assumes all risk of loss or damage to the Lot. BA, and its employees, officers, directors, and agents, shall not be liable for any loss or damage to any Lot at any time, and Bidder shall look solely to its own insurance for any theft, loss, or damage to the Lot during Bidder’s ownership.

13.       TRANSFER OF OWNERSHIP, EXPORT, AND REGISTRATION.

Unless BA manages ownership reassignment or registration of a Lot on Bidder’s behalf, Bidder is responsible for obtaining necessary title, ownership, and registration documentation for the Lot, and BA makes no representations or warranties regarding title, ownership, or registration (except that Consignor has represented to BA that Consignor has the authority to sell such Lot). Notwithstanding, BA can provide reasonable assistance in coordinating the transfer of certain title or ownership (where applicable) to Bidder at Bidder’s expense. Certain Lots may be sold with a “Title in Transit” such as where Lot titles have liens, or Lot titles are not yet in BA’s possession. Title in Transit means that Bidders should expect longer lead times for receiving ownership or title documents (where applicable), which may exceed 30 days following the auction, depending on processing times with various third parties. Unless prior arrangements have been agreed to by BA, Bidder is responsible for registering a motor car at its final destination promptly upon receipt of a title or ownership documents. Bidder shall also be solely responsible, including the payment of any costs or fees, for timely obtaining any necessary licenses or permits to export a Lot and/or to import a Lot into a foreign jurisdiction. Bidder is responsible for paying all taxes due, unless exempt by law. Bidder is responsible for supplying any proof of exemption, which is subject to BA’s verification. In any jurisdiction where BA does not collect sales tax and registration fees on registrable vehicles, or in the event BA fails to collect such taxes or fees for any reason, Bidder shall be solely responsible for the payment of any sales or use taxes arising from the sale and delivery of any Lot. BIDDER HEREBY AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS BA AGAINST ANY CLAIMS, DAMAGES, LOSSES, OR ASSESSMENTS BY ANY COUNTRY, STATE, COUNTY, CITY, OR OTHER GOVERNMENTAL AGENCY FOR ANY FAILURE TO REGISTER A MOTOR CAR LOT, FOR ANY UNPAID SALES OR USE TAXES, AND FOR ANY UNPAID DOCUMENTATION AND LICENSING FEES (INCLUDING ANY INTEREST AND PENALTIES THAT MAY ACCRUE OR BE ASSESSED THEREON) ARISING FROM OR RELATED TO THE SALE OF A LOT TO BIDDER.

BA will use its reasonable efforts to assist with the transfer of ownership; however, it is the responsibility of Bidder to transfer ownership in compliance with their jurisdictional rules and regulations. Some Lots may have entered the country or jurisdiction where the Auction is held and will be sold on a temporary import bond, which must be discharged by the Bidder either by directly re-exporting the Lot or by paying the relevant customs duty, import VAT and other applicable fees to permanently import the Lot into that country or jurisdiction. Any Lot subject to temporary import restrictions cannot be released from BA’s custody without the completion of customs procedures and receipt of full payment of the relevant customs duty, import VAT and other applicable fees. Customs charges will be assessed based on the Lot’s value and according to the circumstances of each sale and may be payable either to BA and/or directly to the relevant tax authority. The Bidder is solely responsible for payment of these charges.

14.       POST-SALE LOT ISSUES.

If Bidder promptly raises a claim regarding a Lot after purchase before BA has paid Consignor the Hammer Price, BA in its sole discretion may retain some or all of the Hammer Price and attempt to broker a solution among Consignor and Bidder. In such event, and if BA in its sole discretion deems Bidder’s claims valid, then BA may cancel or rescind the sale of the Lot and reimburse Bidder any portion of the Hammer Price still in BA’s possession.

PLEASE READ THIS SECTION 15 CAREFULLY, AS IT AFFECTS YOUR LEGAL RIGHTS AND REMEDIES.

15.1.    GOVERNING LAW AND BINDING ARBITRATION.

The Conditions and all claims or causes of action (whether in contract, tort or statute) that may be based upon, arise out of or relate to the Conditions or a Lot, or the negotiation, execution or performance of the Conditions (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with the Conditions), shall be governed, construed, and enforced in accordance with the laws of England, without regard to choice of law principles. ANY DISPUTE, CLAIM, OR CONTROVERSY ARISING OUT OF OR RELATING TO THE CONDITIONS, A LOT, OR THE BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION, OR VALIDITY OF THE CONDITIONS, INCLUDING THE DETERMINATION OF THE SCOPE OR APPLICABILITY OF THE CONDITIONS AND WHETHER THE CLAIMS ASSERTED ARE ARBITRABLE, SHALL EXCLUSIVELY BE SUBJECT TO ARBITRATION. THE ARBITRATION SHALL BE ADMINISTERED IN ACCORDANCE WITH THE JAMS INTERNATIONAL ARBITRATION RULES UNDER ITS EXPEDITED PROCEDURES (AVAILABLE AT HTTPS://WWW.JAMSADR.COM/INTERNATIONAL-ARBITRATION-RULES/). THE TRIBUNAL WILL CONSIST OF ONE ARBITRATOR. THE PLACE OF ARBITRATION WILL BE LONDON, ENGLAND. THE LANGUAGE TO BE USED IN THE ARBITRAL PROCEEDINGS WILL BE ENGLISH. JUDGMENT UPON THE AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF. FOR ANY CLAIM WHERE THE TOTAL AMOUNT OF THE AWARD SOUGHT IS £50,000, €50,000 OR CHF50,000 OR LESS, JAMS, BIDDER, AND BA MUST ABIDE BY THE FOLLOWING RULES: (A) THE ARBITRATION SHALL BE CONDUCTED SOLELY BASED ON WRITTEN SUBMISSIONS; AND (B) THE ARBITRATION SHALL NOT INVOLVE

ANY PERSONAL APPEARANCE BY THE PARTIES OR WITNESSES UNLESS OTHERWISE MUTUALLY AGREED BY THE PARTIES. This clause shall not preclude the Parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. In the event that either Party brings action against the other, arising from or relating to the Conditions or a Lot, the prevailing Party, as determined by the arbitrator or court, shall be entitled to recover its reasonable lawyers’ fees and costs, including through appeals.

15.2.    LIMITATION OF LIABILITY.

TO THE FULLEST EXTENT PERMITTED BY LAW, BIDDER AGREES BA’S MAXIMUM LIABILITY RELATED TO THE CONDITIONS OR A LOT IS EQUAL TO THE GREATER OF (A) THE AMOUNT OF BUYER’S PREMIUM THAT BIDDER ACTUALLY PAID TO BA (IF ANY), AND (B) THE ADMISSION OR REGISTRATION FEES BIDDER PAID (IF ANY) OR THAT WERE APPLICABLE TO ATTEND THE BA AUCTION OF THE LOT OR BID ON THE LOT. BIDDER HEREBY EXPRESSLY AND KNOWINGLY WAIVES AND AGREES NOT TO SEEK ANY SPECIAL, INDIRECT, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND ARISING OUT OF OR RELATING IN ANY WAY TO THE CONDITIONS OR ANY LOT, INCLUDING ANY LOST PROFITS, REGARDLESS OF THE ACTS OR OMISSIONS OR FAULT OF BA.

15.3.    WAIVER OF JURY AND CLASS ACTION RIGHTS.

THE PARTIES AGREE THAT BY ENTERING INTO THIS AGREEMENT, THEY ARE EACH WAIVING THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION. THE PARTIES AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH OF THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. ANY ARBITRATION WILL TAKE PLACE ON AN INDIVIDUAL BASIS; CLASS ARBITRATIONS AND CLASS ACTIONS ARE NOT PERMITTED.

16.       ENTIRE AND CONTINUING AGREEMENT.

The Conditions constitute the entire agreement between BA and Bidder and except as stated herein, contain all of the representations, conditions, and warranties between them with respect to any purchased Lot and their relationship. For the avoidance of doubt, these Conditions shall govern the Parties at any future BA auctions and by bidding at any future such auction, Bidder re-affirms their consent to be governed by these Conditions. The Conditions may only be modified or superseded in a writing signed by BA’s duly authorized representatives.

17.       CONSTRUCTION AND SEVERABILITY.

 If any term of the Conditions is invalid or unenforceable, that term shall be deemed modified or deleted, but only to the extent necessary to comply with the statute, regulation, ordinance, order, or rule, and the remaining provisions of the Conditions shall remain in full force and effect. The Parties agree that any rule of law providing that ambiguities shall be construed against the drafting party, shall be of no force or effect. Time is of the essence for Bidder’s performance of the Conditions.

18.       NOTICE.

Any notice to be given by any Party may be given by Federal Express, UPS, = or similar registered courier with copies sent via email to Bidder’s email on file and to BA at BALegal@hagerty.com.

19.       CLIENT CONFIDENTIALITY AND ANTI-MONEY LAUNDERING.

BA shall not be required to disclose the identity of any Consignor to Bidder without a court order or except in accordance with government regulations. Bidder acknowledges BA may use information provided by Bidder for identity verification using third-party service providers for KYC (Know Your Client) and AML (Anti-Money Laundering) compliance. Bidder agrees to provide all information and assistance reasonably requested by BA to comply with KYC/AML processes, laws, and regulations.

20.       PRIVACY POLICY.

Bidder consents to BA and its partners storing and using Bidder’s personal information in accordance with BA’s privacy policy, located on www.broadarrowauctions.com.

21.       COPYRIGHT POLICY.

BA owns or licenses the copyright in all photographs, videos, and descriptions of any Lots created by or for BA, and BA in its sole discretion shall have the right to use, reproduce, and publish any of them for any purpose in any media at any time. Bidder shall have no right, title or interest to any of the foregoing in the event of buying a Lot, and Bidder agrees not to use, reproduce, or publish such copyrighted materials without BA’s prior written consent.

22.       LIKENESS.

Bidder and any guest of Bidder grant all necessary rights to BA and agree BA has permission and license to use their likeness for video, photography, and any other recording, display, broadcast, or publication for any and all purposes (including advertising and marketing purposes) at any time. Bidder and any guest of Bidder waive all rights or claims (including rights of privacy and publicity) that might arise from such use under any applicable law.

23.       NO TAX OR LEGAL ADVICE.

Bidder is solely responsible for ensuring its own tax compliance with all amounts due under the Conditions. Bidder authorizes BA to collect any taxes, duties, VAT, or any other applicable tax on Bidder’s behalf, where required by law. BA has not provided Bidder with any tax or legal advice in connection with the Conditions, and Bidder has had an opportunity to consult its own tax or legal advisors regarding the Conditions. For the avoidance of doubt, BA makes no representations regarding Bidder’s ability to claim any tax exemption in connection with any purchase of any Lot, including any Lot with proceeds designated for charity in whole or in part.

24.       CONSUMER PROTECTION RIGHTS.

In certain jurisdictions, certain buyers may have the right to avail themselves of consumer protection rights or warranties notwithstanding this Agreement and the governing law selected by Consignor or the Bidder. While Bidder should seek independent legal advice, BA notes two potential examples: (a) EU Online Purchase Cancellation Right. For certain online-only auctions, if (i) Bidder is a “consumer” (i.e., acting for purposes that are mainly outside its trade, business, craft, or profession) who habitually resides in the European Union or United Kingdom and (ii) Consignor is a “business” or “trader” (i.e., acting for purposes relating to its trade, business, craft, or profession, whether personally or through another person), then the Bidder may have the right to cancel the online purchase of goods (the “EU Consumer Cancellation Right”) under certain countries’ laws during the period of fourteen (14) calendar days after the Bidder or their designated agent acquires physical possession of the Lot. If such a Bidder exercises the EU Consumer Cancellation Right, BA will notify Consignor and cancel the sale of the Lot. A Bidder who exercises the EU Consumer Cancellation Right is responsible for any and all expenses associated with the Lot, including transportation, storage, insurance, duty, and taxes. If a Bidder exercises the EU Consumer Cancellation Right, such Bidder bears all risk of loss, and is therefore advised to insure the Lot until Consignor retakes possession. BA reserves the right to make the reasonable determination as to whether a Consignor meets the definition of a business or trader under this section; and (b) Legal Warranty for Italian Consumers. If (i) Consignor is a “professional” pursuant to the provisions of Art. 18, 1.b of the Consumer Code (Italian Legislative Decree no. 206 of 6 September 2005), and (ii) Bidder is a natural person participating in the auction for purposes that do not fall under the categories of trade, industry, craft or other professional activities, then a legal warranty of conformity may be applied to the Lot within 1 (one) year from the date of delivery under Articles 128-135 of the Consumer Code (hereinafter “Italian Legal Warranty”). The Italian Legal Warranty binds only the Consignor, and BA does not therefore assume any liability under the Italian Legal Warranty, which can be enforced only against the Consignor. In the event of a cancellation of a sale under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), BA may credit the buyer with its purchase price (if paid). The Bidder shall keep BA harmless for any documented costs, expenses, damages incurred in as the consequence of or connected with any claim under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), including reasonable legal costs incurred by BA for the purpose of resisting or managing the claim received. The Bidder agrees to pay the amounts requested by BA at first demand, and within seven (7) days.


The following Conditions of Sale are applicable to European Auctions.

1.         CONDITIONS OF SALE.

By accepting these terms and conditions, and/or by registering to bid or placing a bid on any item consigned to auction (collectively, a “Lot”) with Broad Arrow Deutschland GmbH and its affiliated companies (herein referred to as “BA”), whether you do so directly, through an agent, or through anyone else that obtains control of your bidding credentials or bid paddle (collectively, “Bidder”), Bidder agrees to the following conditions of sale — together with any Lot notices or addenda announced before the sale of a Lot, or posted in the auction room, auction catalog, or online through www.broadarrowauctions.com at the time of your bid (collectively, the “Conditions”). Bidder agrees the Conditions are binding upon Bidder’s agents, heirs, executors, legal representatives, successors, and assigns. No person may bid at a BA auction without first registering with BA and providing an acceptable form of government-issued identification and evidence of adequate financial capability, and BA may accept, reject, waive or condition such registration in any way at its sole discretion. BA reserves the right to request additional information that supports identity and/or financial capability from any Bidder for purposes of registering to bid or placing a bid on any Lot. Bidder acknowledges and agrees that the ownership of the Lot shall be transferred after (a) the tap of the hammer, which closes the bidding on that Lot, and (b) payment in full for the Lot.

2.         BA ACTS AS CONSIGNOR’S AGENT.

All Lots are offered at auction by BA as the agent for the Lot’s seller (“Consignor”) and not on behalf of BA directly, unless otherwise disclosed. At the conclusion of the auction of each Lot, a sales contract is formed directly between Consignor and the winning Bidder of the Lot (if any). BA is not a party to that sales contract, and BA shall have no liability or responsibility for any breach or default by Consignor. Occasionally, BA may have a legal, beneficial, or financial interest in a Lot, which will be disclosed (e.g., through auction catalog symbols within a Lot description).

3.         RESERVE PRICES AND ESTIMATES ON LOTS.

A Consignor may offer a Lot subject to a “Reserve” (i.e., the minimum sale proceeds acceptable to Consignor before deducting Consignor’s applicable commissions or expenses). As is common practice in auctions, all Lots are offered subject to a Reserve unless otherwise disclosed and a Reserve is confidential with the Consignor and not disclosed to the public. A Consignor may lower (but not increase) the Reserve at any time. BA may at its sole discretion sell any Lot below its Reserve. The amount of the Reserve will always be an amount lower than or equal to any published low estimate of the Lot. Any published estimates of a Lot are illustrative and subjective opinions on expected Hammer Price (as defined in Section 6 below) prepared in advance of a BA auction, and Bidder agrees not to rely upon any Lot estimates as an indication of the Lot’s value. Lot estimates are subject to change and may be amended either orally or in writing before or at a BA auction, and BA shall have no liability regarding any Lot estimates under any circumstances.

4.         ROLE OF AUCTIONEER.

The auction of the Lot will be conducted by BA’s on-site or online representative (“Auctioneer”), who will solicit and accept bids aided by other personnel as determined by BA. BA and its auctioneer will have sole and absolute discretion with regard to the Lot as to: (a) whether to accept or reject bids in any amount; (b) whether and in what amount to place bids on behalf of Consignor up to and including the Lot’s Reserve, if the Lot is offered subject to a Reserve; (c) the conduct of the auction (including bid increments, use of a bid display or currency converter, whether to restart the auction of the Lot in whole or in part for any reason, whether to withdraw the Lot from auction for any reason or cancel the auction, and settling any disputes regarding bidding on the Lot); (d) recognition of any sale to Bidder at the auction or whether the Lot has instead been “passed” for sale at the end of its auction; and (e) whether to rescind or terminate the sale of any Lot if BA determines in its sole discretion that it cannot complete the transaction for any reason, in which case BA shall refund any payment by Bidder that has not yet been transferred to Consignor as well as any Buyer’s Premium paid to BA in full satisfaction of BA’s obligations, and Bidder shall have no further remedy of any kind against BA notwithstanding anything to the contrary in the Conditions. Bidder agrees that BA shall have no liability whatsoever to Bidder or any other party for the exercise of any of the foregoing rights, or for any errors in the execution or failure to execute any bid in any medium, including bids submitted online (including at bid.broadarrowauctions.com or the Broad Arrow Auctions app), over the phone or via absentee bid (including using the telephone or absentee bid forms at broadarrowauctions.com), regardless of any circumstances.

5.         USE OF BID DISPLAY OR CURRENCY CONVERTER.

For the avoidance of doubt, the bid price stated by the Auctioneer is the prevailing and binding bid price. BA may use a bid display or currency converter, which is provided solely for bidder convenience, may not reflect real-time bids or currency conversions, and should not be relied upon by any bidder. Errors, inaccuracies, and time delays may occur in the operation of a bid display or currency converter. Neither BA nor its agents shall be responsible for any errors or omissions in any bid display or currency converter.

6.         SALES PROCEEDS AND BUYER’S PREMIUM.

Where Bidder is the winning bidder of the Lot, Bidder is responsible for promptly paying to BA the following “Sales Proceeds”: (a) the last accepted auction bid once the Lot has cleared its Reserve, if any (the “Hammer Price”); (b) the applicable “Buyer’s Premium” based on the Hammer Price of the Lot; and (c) all applicable taxes and duties, expenses, and other disclosed fees (including but not limited to removal and storage fees). Unless otherwise modified in writing by BA for a particular auction or Lot, BA’s standard Buyer’s Premium is: (i) if the Lot is a motor car, then the sum of fifteen percent (15%) (plus VAT on the Buyer’s Premium) of the first £250,000, €250,000, or CHF250,000 of the Hammer Price and twelve and one-half percent (12.5%) (plus VAT on the Buyer’s Premium) of the amount by which the Hammer Price exceeds £250,000, €250,000, or CHF250,000; (ii) if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price (plus VAT on the Buyer’s Premium at live auctions, and inclusive of VAT on the Buyer’s Premium at automobilia-only auctions); and (iii) for the 2026 Global Icons auction, if the Lot is a motor car, then ten percent (10%) (plus VAT on the Buyer’s Premium) of the Hammer Price, and if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price (inclusive of VAT on the Buyer’s Premium).

7.         PAYMENT METHOD AND DEADLINE.

Unless prior arrangements have been agreed to by BA, Sales Proceeds are due in full to BA by the winning Bidder by 5pm local auction time on the first business day (meaning any day other than a Saturday, Sunday or public holiday where the auction is held) following the auction (the “Payment Deadline”). All payments must be made with funds payable by wire transfer in the auction’s announced default currency, which will be either Great British Pounds (GBP), Euros (EUR), or Swiss Francs (CHF). For non-motor car purchases only, Bidder authorizes any credit card on file with BA to be charged for Sales Proceeds up to and including £5,000, €5,000, CHF5,000. Purchases by corporate card shall be subject to a service fee of up to 3.49% of the portion of the Sales Proceeds charged to a corporate card. At BA’s discretion, the sale of the Lot may be invoiced to any Bidder by BA (whereby all Sales Proceeds will be received by BA), or implemented and documented directly between Consignor and the Bidder (with some or all of the Hammer Price paid by the Bidder to Consignor, and the remainder of the Sales Proceeds (if any) separately invoiced and paid to BA).

8.         NON-PAYMENT BY BIDDER.

Bidder agrees that in the event of any non-payment by Bidder of the full Sales Proceeds by the Payment Deadline, BA shall be entitled to in its sole discretion exercise one or more of the following remedies, without notice to Bidder and in addition to any other remedies BA may have available at law or in equity: (a) remove and store the Lot at the risk, cost, and expense of Bidder and enforce payment against Bidder of the full Sales Proceeds and all other Lot storage fees, late charges, and costs of collection (including lawyers’ fees), including by seeking either damages or specific performance; (b) cancel the sale of the Lot or any other Lot to Bidder, and return the Lot to Consignor or sell the Lot to another person, whether by auction or private sale, with or without Reserve, and hold Bidder liable for the (i) applicable Buyer’s Premium based on the original Hammer Price of the Lot and (ii) payment of any deficiency in the Sales Proceeds upon resale plus all costs and expenses of resale, lawyers’ fees, late charges, and any incidental damages; (c) charge Bidder interest on the unpaid Sales Proceeds from the Payment Deadline in the amount of one and one-half percent (1.5%) per month, or the maximum amount allowed by law, whichever is less; (d) offset any sums due from BA to Bidder against the outstanding Sales Proceeds, or retain or sell any proceeds or property of Bidder in BA’s possession or control and apply the net sale proceeds from such sale against the outstanding Sales Proceeds; (e) repossess any Lot from Bidder for which the Sales Proceeds are overdue and resell such Lot; or (f) reveal Bidder’s identity and contact information to Consignor for Consignor to exercise any available remedies.

9.         NON-REMOVAL BY BIDDER.

Unless prior arrangements have been agreed to by BA, the Lot must be removed by the Payment Deadline. Bidder agrees that if the Lot is not removed by the Payment Deadline, then BA shall have the right (but not the obligation) to remove and store any Lot at Bidder’s sole risk and expense at a daily rate of £50, €50 or CHF50 plus VAT (if applicable) until the Lot is removed (and Bidder authorizes BA to charge such expenses to any valid credit card or account of Bidder on file), and Bidder shall be responsible for all costs of removal, storage, transportation, and handling, at a storage location of BA’s choice. Bidder hereby grants BA an irrevocable power of attorney to remove and store such Lot at Bidder’s expense. Except in BA’s sole discretion, no Lot shall be released to Bidder until the Sales Proceeds have been fully paid and Bidder has fully complied with the Conditions.

10.       BIDDER REPRESENTATIONS AND WARRANTIES.

By participating in a BA auction and/or bidding, Bidder represents and warrants that: (a) Bidder is complying with and agrees to comply with all applicable laws, rules and regulations, and the Conditions; (b) neither Bidder nor any guest of Bidder (including any entity that owns either in whole or in part or other third person where Bidder is the agent of a principal) is directly or indirectly subject to, or controlled by any individual or entity that is subject to, restrictions on trade, including embargoes or sanctions under the laws of the United States, European Union, United Kingdom, Switzerland, or other any applicable jurisdictions, Bidder’s purchase of and payment for a Lot are not connected with any criminal activity (including money laundering, tax evasion or terrorist financing), and Bidder is neither under investigation for nor has been charged with or convicted of such criminal activity; (c) Bidder has the financial ability and intention to pay the Sales Proceeds for any Lot on which Bidder bids, and Bidder is acting as a principal when bidding unless BA expressly agrees in writing before Bidder places a bid that Bidder acts as an agent for another disclosed principal; (d) Bidder and any guest of bidder attending or participating in a BA auction agrees to comply with all applicable policies and procedures BA may communicate, including any posted signage or notices; (e) Bidder is responsible for any damage to a Lot by Bidder and any guest of bidder, whether negligently or intentionally, and Bidder agrees to be liable for all resulting damage and loss and shall pay or reimburse BA (and its principal or agent, as the case may be) in full to compensate for any such damage; (f) any bid made by Bidder is binding and irrevocable, and Bidder may not change or rescind any bid once made; (g) Bidder is solely responsible for Bidder’s own diligence before bidding on any Lot and Bidder is solely relying upon Bidder’s own inspection of the Lot, and BA makes no representations or warranties regarding the Lot (including whether any Lot satisfies any emissions standards, can be exported to any jurisdiction, or otherwise regarding the mechanical or cosmetic quality or condition, history, authenticity, originality, title, registration, fitness for purpose, safety or roadworthiness of any Lot); (h) Bidder has not relied on any BA description, inspection, or condition report of the Lot, Bidder shall not be entitled to rely on any oral statement made by anyone regarding the Lot, including by BA or any of its agents, and Bidder shall hold BA harmless for any oral or written statements in any medium made by BA that accurately repeat the Lot information supplied by Consignor or any description approved by Consignor; and (i) BA shall not be liable for any loss, damage, or injury sustained by any Bidder and any guest of Bidder while attending a BA auction or on BA’s premises (including the premises where an auction, pre-auction preview, inspection or test drive of any Lot may be conducted), except where such loss, damage, or injury is caused by the sole negligence or intentional act of BA, its agents, or employees.

11.       ALL LOTS ARE SOLD AS IS, WHERE IS, AND BA DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES.

ALL LOT SALES ARE “AS IS, WHERE IS” AND “WITH ALL FAULTS” AND NEITHER BA NOR CONSIGNOR MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND WHATSOEVER REGARDING ANY LOT. BIDDERS ARE STRONGLY ENCOURAGED AND SOLELY RESPONSIBLE FOR INDEPENDENTLY INSPECTING ANY LOTS BEFORE BIDDING, AND BIDDERS MUST SATISFY THEMSELVES AS TO THE CONDITION OF THE LOTS AND ALL MATTERS REGARDING LOTS BEFORE BIDDING, INCLUDING HISTORY, AUTHENTICITY, ORIGINALITY, ANY NECESSARY OR DESIRED REPAIRS, RESTORATION, OR MISSING PARTS AND ACCESSORIES, AND APPLICABLE DUTIES AND TAXES. BA AND CONSIGNOR HEREBY EXPRESSLY DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES, INCLUDING ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES RELATING TO THE CONDITION, HISTORY, AUTHENTICITY, OR ORIGINALITY OF A LOT, TITLE OR REGISTRABILITY OF A LOT, ROADWORTHINESS OR MERCHANTABLE QUALITY OF A LOT, OR THAT A LOT CAN BE USED FOR ANY PARTICULAR PURPOSE. NO STATEMENT OR INFORMATION SET FORTH IN ANY CATALOG OR LOT DESCRIPTION, NOR ANY ESTIMATES, INVOICE, BILL OF SALE, TITLE DOCUMENT, CONDITION REPORT, NOTICE, ADVERTISEMENT, OR ANY OTHER WRITING OR ANY ORAL STATEMENT REGARDING A LOT SHALL BE DEEMED TO CREATE ANY WARRANTY OR REPRESENTATION ABOUT A LOT.

12.       TRANSFER OF OWNERSHIP AND RISK.

The Lot shall remain Consignor’s property until BA or the Auctioneer has announced the sale of the Lot (e.g., the Auctioneer has confirmed the sale with a tap of the hammer) and after payment in full for the Lot, at which point ownership rights to the Lot transfers to the Bidder. However, all risk of loss of the Lot will transfer from Consignor to a Bidder as soon as BA or the Auctioneer announces that bidding is closed. The Bidder is then responsible for and assumes all risk of loss or damage to the Lot. BA, and its employees, officers, directors, and agents, shall not be liable for any loss or damage to any Lot at any time, and Bidder shall look solely to its own insurance for any theft, loss, or damage to the Lot during Bidder’s ownership.

13.       TRANSFER OF OWNERSHIP, EXPORT, AND REGISTRATION.

Unless BA manages ownership reassignment or registration of a Lot on Bidder’s behalf, Bidder is responsible for obtaining necessary title, ownership, and registration documentation for the Lot, and BA makes no representations or warranties regarding title, ownership, or registration (except that Consignor has represented to BA that Consignor has the authority to sell such Lot). Notwithstanding, BA can provide reasonable assistance in coordinating the transfer of certain title or ownership (where applicable) to Bidder at Bidder’s expense. Certain Lots may be sold with a “Title in Transit” such as where Lot titles have liens, or Lot titles are not yet in BA’s possession. Title in Transit means that Bidders should expect longer lead times for receiving ownership or title documents (where applicable), which may exceed 30 days following the auction, depending on processing times with various third parties. Unless prior arrangements have been agreed to by BA, Bidder is responsible for registering a motor car at its final destination promptly upon receipt of a title or ownership documents. Bidder shall also be solely responsible, including the payment of any costs or fees, for timely obtaining any necessary licenses or permits to export a Lot and/or to import a Lot into a foreign jurisdiction. Bidder is responsible for paying all taxes due, unless exempt by law. Bidder is responsible for supplying any proof of exemption, which is subject to BA’s verification. In any jurisdiction where BA does not collect sales tax and registration fees on registrable vehicles, or in the event BA fails to collect such taxes or fees for any reason, Bidder shall be solely responsible for the payment of any sales or use taxes arising from the sale and delivery of any Lot. BIDDER HEREBY AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS BA AGAINST ANY CLAIMS, DAMAGES, LOSSES, OR ASSESSMENTS BY ANY COUNTRY, STATE, COUNTY, CITY, OR OTHER GOVERNMENTAL AGENCY FOR ANY FAILURE TO REGISTER A MOTOR CAR LOT, FOR ANY UNPAID SALES OR USE TAXES, AND FOR ANY UNPAID DOCUMENTATION AND LICENSING FEES (INCLUDING ANY INTEREST AND PENALTIES THAT MAY ACCRUE OR BE ASSESSED THEREON) ARISING FROM OR RELATED TO THE SALE OF A LOT TO BIDDER.

BA will use its reasonable efforts to assist with the transfer of ownership; however, it is the responsibility of Bidder to transfer ownership in compliance with their jurisdictional rules and regulations. Some Lots may have entered the country or jurisdiction where the Auction is held and will be sold on a temporary import bond, which must be discharged by the Bidder either by directly re-exporting the Lot or by paying the relevant customs duty, import VAT and other applicable fees to permanently import the Lot into that country or jurisdiction. Any Lot subject to temporary import restrictions cannot be released from BA’s custody without the completion of customs procedures and receipt of full payment of the relevant customs duty, import VAT and other applicable fees. Customs charges will be assessed based on the Lot’s value and according to the circumstances of each sale and may be payable either to BA and/or directly to the relevant tax authority. The Bidder is solely responsible for payment of these charges.

14.       POST-SALE LOT ISSUES.

If Bidder promptly raises a claim regarding a Lot after purchase before BA has paid Consignor the Hammer Price, BA in its sole discretion may retain some or all of the Hammer Price and attempt to broker a solution among Consignor and Bidder. In such event, and if BA in its sole discretion deems Bidder’s claims valid, then BA may cancel or rescind the sale of the Lot and reimburse Bidder any portion of the Hammer Price still in BA’s possession.

PLEASE READ THIS SECTION 15 CAREFULLY, AS IT AFFECTS YOUR LEGAL RIGHTS AND REMEDIES.

15.1.    GOVERNING LAW AND BINDING ARBITRATION.

The Conditions and all claims or causes of action (whether in contract, tort or statute) that may be based upon, arise out of or relate to the Conditions or a Lot, or the negotiation, execution or performance of the Conditions (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with the Conditions), shall be governed, construed, and enforced in accordance with the laws of England, without regard to choice of law principles. ANY DISPUTE, CLAIM, OR CONTROVERSY ARISING OUT OF OR RELATING TO THE CONDITIONS, A LOT, OR THE BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION, OR VALIDITY OF THE CONDITIONS, INCLUDING THE DETERMINATION OF THE SCOPE OR APPLICABILITY OF THE CONDITIONS AND WHETHER THE CLAIMS ASSERTED ARE ARBITRABLE, SHALL EXCLUSIVELY BE SUBJECT TO ARBITRATION. THE ARBITRATION SHALL BE ADMINISTERED IN ACCORDANCE WITH THE JAMS INTERNATIONAL ARBITRATION RULES UNDER ITS EXPEDITED PROCEDURES (AVAILABLE AT HTTPS://WWW.JAMSADR.COM/INTERNATIONAL-ARBITRATION-RULES/). THE TRIBUNAL WILL CONSIST OF ONE ARBITRATOR. THE PLACE OF ARBITRATION WILL BE LONDON, ENGLAND. THE LANGUAGE TO BE USED IN THE ARBITRAL PROCEEDINGS WILL BE ENGLISH. JUDGMENT UPON THE AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF. FOR ANY CLAIM WHERE THE TOTAL AMOUNT OF THE AWARD SOUGHT IS £50,000, €50,000 OR CHF50,000 OR LESS, JAMS, BIDDER, AND BA MUST ABIDE BY THE FOLLOWING RULES: (A) THE ARBITRATION SHALL BE CONDUCTED SOLELY BASED ON WRITTEN SUBMISSIONS; AND (B) THE ARBITRATION SHALL NOT INVOLVE

ANY PERSONAL APPEARANCE BY THE PARTIES OR WITNESSES UNLESS OTHERWISE MUTUALLY AGREED BY THE PARTIES. This clause shall not preclude the Parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. In the event that either Party brings action against the other, arising from or relating to the Conditions or a Lot, the prevailing Party, as determined by the arbitrator or court, shall be entitled to recover its reasonable lawyers’ fees and costs, including through appeals.

15.2.    LIMITATION OF LIABILITY.

TO THE FULLEST EXTENT PERMITTED BY LAW, BIDDER AGREES BA’S MAXIMUM LIABILITY RELATED TO THE CONDITIONS OR A LOT IS EQUAL TO THE GREATER OF (A) THE AMOUNT OF BUYER’S PREMIUM THAT BIDDER ACTUALLY PAID TO BA (IF ANY), AND (B) THE ADMISSION OR REGISTRATION FEES BIDDER PAID (IF ANY) OR THAT WERE APPLICABLE TO ATTEND THE BA AUCTION OF THE LOT OR BID ON THE LOT. BIDDER HEREBY EXPRESSLY AND KNOWINGLY WAIVES AND AGREES NOT TO SEEK ANY SPECIAL, INDIRECT, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND ARISING OUT OF OR RELATING IN ANY WAY TO THE CONDITIONS OR ANY LOT, INCLUDING ANY LOST PROFITS, REGARDLESS OF THE ACTS OR OMISSIONS OR FAULT OF BA.

15.3.    WAIVER OF JURY AND CLASS ACTION RIGHTS.

THE PARTIES AGREE THAT BY ENTERING INTO THIS AGREEMENT, THEY ARE EACH WAIVING THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION. THE PARTIES AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH OF THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. ANY ARBITRATION WILL TAKE PLACE ON AN INDIVIDUAL BASIS; CLASS ARBITRATIONS AND CLASS ACTIONS ARE NOT PERMITTED.

16.       ENTIRE AND CONTINUING AGREEMENT.

The Conditions constitute the entire agreement between BA and Bidder and except as stated herein, contain all of the representations, conditions, and warranties between them with respect to any purchased Lot and their relationship. For the avoidance of doubt, these Conditions shall govern the Parties at any future BA auctions and by bidding at any future such auction, Bidder re-affirms their consent to be governed by these Conditions. The Conditions may only be modified or superseded in a writing signed by BA’s duly authorized representatives.

17.       CONSTRUCTION AND SEVERABILITY.

 If any term of the Conditions is invalid or unenforceable, that term shall be deemed modified or deleted, but only to the extent necessary to comply with the statute, regulation, ordinance, order, or rule, and the remaining provisions of the Conditions shall remain in full force and effect. The Parties agree that any rule of law providing that ambiguities shall be construed against the drafting party, shall be of no force or effect. Time is of the essence for Bidder’s performance of the Conditions.

18.       NOTICE.

Any notice to be given by any Party may be given by Federal Express, UPS, = or similar registered courier with copies sent via email to Bidder’s email on file and to BA at BALegal@hagerty.com.

19.       CLIENT CONFIDENTIALITY AND ANTI-MONEY LAUNDERING.

BA shall not be required to disclose the identity of any Consignor to Bidder without a court order or except in accordance with government regulations. Bidder acknowledges BA may use information provided by Bidder for identity verification using third-party service providers for KYC (Know Your Client) and AML (Anti-Money Laundering) compliance. Bidder agrees to provide all information and assistance reasonably requested by BA to comply with KYC/AML processes, laws, and regulations.

20.       PRIVACY POLICY.

Bidder consents to BA and its partners storing and using Bidder’s personal information in accordance with BA’s privacy policy, located on www.broadarrowauctions.com and the GDPR legislation.

21.       COPYRIGHT POLICY.

BA owns or licenses the copyright in all photographs, videos, and descriptions of any Lots created by or for BA, and BA in its sole discretion shall have the right to use, reproduce, and publish any of them for any purpose in any media at any time. Bidder shall have no right, title or interest to any of the foregoing in the event of buying a Lot, and Bidder agrees not to use, reproduce, or publish such copyrighted materials without BA’s prior written consent.

22.       LIKENESS.

Bidder and any guest of Bidder grant all necessary rights to BA and agree BA has permission and license to use their likeness for video, photography, and any other recording, display, broadcast, or publication for any and all purposes (including advertising and marketing purposes) at any time. Bidder and any guest of Bidder waive all rights or claims (including rights of privacy and publicity) that might arise from such use under any applicable law.

23.       NO TAX OR LEGAL ADVICE.

Bidder is solely responsible for ensuring its own tax compliance with all amounts due under the Conditions. Bidder authorizes BA to collect any taxes, duties, VAT, or any other applicable tax on Bidder’s behalf, where required by law. BA has not provided Bidder with any tax or legal advice in connection with the Conditions, and Bidder has had an opportunity to consult its own tax or legal advisors regarding the Conditions. For the avoidance of doubt, BA makes no representations regarding Bidder’s ability to claim any tax exemption in connection with any purchase of any Lot, including any Lot with proceeds designated for charity in whole or in part.

24.       CONSUMER PROTECTION RIGHTS.

In certain jurisdictions, certain buyers may have the right to avail themselves of consumer protection rights or warranties notwithstanding this Agreement and the governing law selected by Consignor or the Bidder. While Bidder should seek independent legal advice, BA notes two potential examples: (a) EU Online Purchase Cancellation Right. For certain online-only auctions, if (i) Bidder is a “consumer” (i.e., acting for purposes that are mainly outside its trade, business, craft, or profession) who habitually resides in the European Union or United Kingdom and (ii) Consignor is a “business” or “trader” (i.e., acting for purposes relating to its trade, business, craft, or profession, whether personally or through another person), then the Bidder may have the right to cancel the online purchase of goods (the “EU Consumer Cancellation Right”) under certain countries’ laws during the period of fourteen (14) calendar days after the Bidder or their designated agent acquires physical possession of the Lot. If such a Bidder exercises the EU Consumer Cancellation Right, BA will notify Consignor and cancel the sale of the Lot. A Bidder who exercises the EU Consumer Cancellation Right is responsible for any and all expenses associated with the Lot, including transportation, storage, insurance, duty, and taxes. If a Bidder exercises the EU Consumer Cancellation Right, such Bidder bears all risk of loss, and is therefore advised to insure the Lot until Consignor retakes possession. BA reserves the right to make the reasonable determination as to whether a Consignor meets the definition of a business or trader under this section; and (b) Legal Warranty for Italian Consumers. If (i) Consignor is a “professional” pursuant to the provisions of Art. 18, 1.b of the Consumer Code (Italian Legislative Decree no. 206 of 6 September 2005), and (ii) Bidder is a natural person participating in the auction for purposes that do not fall under the categories of trade, industry, craft or other professional activities, then a legal warranty of conformity may be applied to the Lot within 1 (one) year from the date of delivery under Articles 128-135 of the Consumer Code (hereinafter “Italian Legal Warranty”). The Italian Legal Warranty binds only the Consignor, and BA does not therefore assume any liability under the Italian Legal Warranty, which can be enforced only against the Consignor. In the event of a cancellation of a sale under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), BA may credit the buyer with its purchase price (if paid). The Bidder shall keep BA harmless for any documented costs, expenses, damages incurred in as the consequence of or connected with any claim under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), including reasonable legal costs incurred by BA for the purpose of resisting or managing the claim received. The Bidder agrees to pay the amounts requested by BA at first demand, and within seven (7) days.


The following Conditions of Sale are applicable to the Villa d’Este Auction.

1.         CONDITIONS OF SALE.

By accepting these terms and conditions, and/or by registering to bid or placing a bid on any item consigned to auction (collectively, a “Lot”) with Broad Arrow Deutschland GmbH and its affiliated companies (herein referred to as “BA”), whether you do so directly, through an agent, or through anyone else that obtains control of your bidding credentials or bid paddle (collectively, “Bidder”), Bidder agrees to the following conditions of sale — together with any Lot notices or addenda announced before the sale of a Lot, or posted in the auction room, auction catalog, or online through www.broadarrowauctions.com at the time of your bid (collectively, the “Conditions”). Bidder agrees the Conditions are binding upon Bidder’s agents, heirs, executors, legal representatives, successors, and assigns. No person may bid at a BA auction without first registering with BA and providing an acceptable form of government-issued identification and evidence of adequate financial capability, and BA may accept, reject, waive or condition such registration in any way at its sole discretion. BA reserves the right to request additional information that supports identity and/or financial capability from any Bidder for purposes of registering to bid or placing a bid on any Lot.

2.         BA ACTS AS CONSIGNOR’S AGENT.

All Lots are offered at auction by BA as the agent for the Lot’s seller (“Consignor”) and not on behalf of BA directly, unless otherwise disclosed. At the conclusion of the auction of each Lot, a sales contract is formed directly between Consignor and the winning Bidder of the Lot (if any). BA is not a party to that sales contract, and BA shall have no liability or responsibility for any breach or default by Consignor. Occasionally, BA may have a legal, beneficial, or financial interest in a Lot, which will be disclosed (e.g., through auction catalog symbols within a Lot description).

3.         RESERVE PRICES AND ESTIMATES ON LOTS.

A Consignor may offer a Lot subject to a “Reserve” (i.e., the minimum sale proceeds acceptable to Consignor before deducting Consignor’s applicable commissions or expenses). As is common practice in auctions, all Lots are offered subject to a Reserve unless otherwise disclosed and a Reserve is confidential with the Consignor and not disclosed to the public. A Consignor may lower (but not increase) the Reserve at any time. BA may at its sole discretion sell any Lot below its Reserve. The amount of the Reserve will always be an amount lower than or equal to any published low estimate of the Lot. Any published estimates of a Lot are illustrative and subjective opinions on expected Hammer Price (as defined in Section 6 below) prepared in advance of a BA auction, and Bidder agrees not to rely upon any Lot estimates as an indication of the Lot’s value. Lot estimates are subject to change and may be amended either orally or in writing before or at a BA auction, and BA shall have no liability regarding any Lot estimates under any circumstances.

4.         ROLE OF AUCTIONEER.

The auction of the Lot will be conducted by BA’s on-site or online representative (“Auctioneer”), who will solicit and accept bids aided by other personnel as determined by BA. BA and its auctioneer will have sole and absolute discretion with regard to the Lot as to: (a) whether to accept or reject bids in any amount; (b) whether and in what amount to place bids on behalf of Consignor up to and including the Lot’s Reserve, if the Lot is offered subject to a Reserve; (c) the conduct of the auction (including bid increments, use of a bid display or currency converter, whether to restart the auction of the Lot in whole or in part for any reason, whether to withdraw the Lot from auction for any reason or cancel the auction, and settling any disputes regarding bidding on the Lot); (d) recognition of any sale to Bidder at the auction or whether the Lot has instead been “passed” for sale at the end of its auction; and (e) whether to rescind or terminate the sale of any Lot if BA determines in its sole discretion that it cannot complete the transaction for any reason, in which case BA shall refund any payment by Bidder that has not yet been transferred to Consignor as well as any Buyer’s Premium paid to BA in full satisfaction of BA’s obligations, and Bidder shall have no further remedy of any kind against BA notwithstanding anything to the contrary in the Conditions. Bidder agrees that BA shall have no liability whatsoever to Bidder or any other party for the exercise of any of the foregoing rights, or for any errors in the execution or failure to execute any bid in any medium, including bids submitted online (including at bid.broadarrowauctions.com or the Broad Arrow Auctions app), over the phone or via absentee bid (including using the telephone or absentee bid forms at broadarrowauctions.com), regardless of any circumstances.

5.         USE OF BID DISPLAY OR CURRENCY CONVERTER.

 For the avoidance of doubt, the bid price stated by the Auctioneer is the prevailing and binding bid price. BA may use a bid display or currency converter, which is provided solely for bidder convenience, may not reflect real-time bids or currency conversions, and should not be relied upon by any bidder. Errors, inaccuracies, and time delays may occur in the operation of a bid display or currency converter. Neither BA nor its agents shall be responsible for any errors or omissions in any bid display or currency converter.

6.         SALES PROCEEDS AND BUYER’S PREMIUM.

Where Bidder is the winning bidder of the Lot, Bidder is responsible for promptly paying to BA the following “Sales Proceeds”: (a) the last accepted auction bid once the Lot has cleared its Reserve, if any (the “Hammer Price”); (b) the applicable “Buyer’s Premium” based on the Hammer Price of the Lot; and (c) all applicable taxes and duties, expenses, and other disclosed fees (including but not limited to removal and storage fees). Unless otherwise modified in writing by BA for a particular auction or Lot, BA’s standard Buyer’s Premium is: (i) if the Lot is a motor car, then the sum of fifteen percent (15%) (plus VAT on the Buyer’s Premium) of the first £250,000, €250,000, or CHF250,000 of the Hammer Price and twelve and one-half percent (12.5%) (plus VAT on the Buyer’s Premium) of the amount by which the Hammer Price exceeds £250,000, €250,000, or CHF250,000; and (ii) if the Lot is not a motor car (including but not limited to memorabilia, automotive parts or accessories, motorcycles, boats and watercraft, trailers and machinery, books, photographs, posters, art, jewelry, and furnishings), then twenty-five percent (25%) of the Hammer Price (plus VAT on the Buyer’s Premium at live auctions, and inclusive of VAT on the Buyer’s Premium at automobilia-only auctions).

7.         PAYMENT METHOD AND DEADLINE.

Unless prior arrangements have been agreed to by BA, Sales Proceeds are due in full to BA by the winning Bidder by 5pm local auction time on the first business day (meaning any day other than a Saturday, Sunday or public holiday where the auction is held) following the auction (the “Payment Deadline”). All payments must be made with funds payable by wire transfer in the auction’s announced default currency, which will be either Great British Pounds (GBP), Euros (EUR), or Swiss Francs (CHF). For non-motor car purchases only, Bidder authorizes any credit card on file with BA to be charged for Sales Proceeds up to and including £5,000, €5,000, CHF5,000. Purchases by corporate card shall be subject to a service fee of up to 3.49% of the portion of the Sales Proceeds charged to a corporate card. At BA’s discretion, the sale of the Lot may be invoiced to any Bidder by BA (whereby all Sales Proceeds will be received by BA), or implemented and documented directly between Consignor and the Bidder (with some or all of the Hammer Price paid by the Bidder to Consignor, and the remainder of the Sales Proceeds (if any) separately invoiced and paid to BA).

8.         NON-PAYMENT BY BIDDER.

Bidder agrees that in the event of any non-payment by Bidder of the full Sales Proceeds by the Payment Deadline, BA shall be entitled to in its sole discretion exercise one or more of the following remedies, without notice to Bidder and in addition to any other remedies BA may have available at law or in equity: (a) remove and store the Lot at the risk, cost, and expense of Bidder and enforce payment against Bidder of the full Sales Proceeds and all other Lot storage fees, late charges, and costs of collection (including lawyers’ fees), including by seeking either damages or specific performance; (b) cancel the sale of the Lot or any other Lot to Bidder, and return the Lot to Consignor or sell the Lot to another person, whether by auction or private sale, with or without Reserve, and hold Bidder liable for the (i) applicable Buyer’s Premium based on the original Hammer Price of the Lot and (ii) payment of any deficiency in the Sales Proceeds upon resale plus all costs and expenses of resale, lawyers’ fees, late charges, and any incidental damages; (c) charge Bidder interest on the unpaid Sales Proceeds from the Payment Deadline in the amount of one and one-half percent (1.5%) per month, or the maximum amount allowed by law, whichever is less; (d) offset any sums due from BA to Bidder against the outstanding Sales Proceeds, or retain or sell any proceeds or property of Bidder in BA’s possession or control and apply the net sale proceeds from such sale against the outstanding Sales Proceeds; (e) repossess any Lot from Bidder for which the Sales Proceeds are overdue and resell such Lot; or (f) reveal Bidder’s identity and contact information to Consignor for Consignor to exercise any available remedies.

9.         NON-REMOVAL BY BIDDER.

Unless prior arrangements have been agreed to by BA, the Lot must be removed by the Payment Deadline. Bidder agrees that if the Lot is not removed by the Payment Deadline, then BA shall have the right (but not the obligation) to remove and store any Lot at Bidder’s sole risk and expense at a daily rate of £50, €50 or CHF50 plus VAT (if applicable) until the Lot is removed (and Bidder authorizes BA to charge such expenses to any valid credit card or account of Bidder on file), and Bidder shall be responsible for all costs of removal, storage, transportation, and handling, at a storage location of BA’s choice. Bidder hereby grants BA an irrevocable power of attorney to remove and store such Lot at Bidder’s expense. Except in BA’s sole discretion, no Lot shall be released to Bidder until the Sales Proceeds have been fully paid and Bidder has fully complied with the Conditions.

10.       BIDDER REPRESENTATIONS AND WARRANTIES.

By participating in a BA auction and/or bidding, Bidder represents and warrants that: (a) Bidder is complying with and agrees to comply with all applicable laws, rules and regulations, and the Conditions; (b) neither Bidder nor any guest of Bidder (including any entity that owns either in whole or in part or other third person where Bidder is the agent of a principal) is directly or indirectly subject to, or controlled by any individual or entity that is subject to, restrictions on trade, including embargoes or sanctions under the laws of the United States, European Union, United Kingdom, Switzerland, or other any applicable jurisdictions, Bidder’s purchase of and payment for a Lot are not connected with any criminal activity (including money laundering, tax evasion or terrorist financing), and Bidder is neither under investigation for nor has been charged with or convicted of such criminal activity; (c) Bidder has the financial ability and intention to pay the Sales Proceeds for any Lot on which Bidder bids, and Bidder is acting as a principal when bidding unless BA expressly agrees in writing before Bidder places a bid that Bidder acts as an agent for another disclosed principal; (d) Bidder and any guest of bidder attending or participating in a BA auction agrees to comply with all applicable policies and procedures BA may communicate, including any posted signage or notices; (e) Bidder is responsible for any damage to a Lot by Bidder and any guest of bidder, whether negligently or intentionally, and Bidder agrees to be liable for all resulting damage and loss and shall pay or reimburse BA (and its principal or agent, as the case may be) in full to compensate for any such damage; (f) any bid made by Bidder is binding and irrevocable, and Bidder may not change or rescind any bid once made; (g) Bidder is solely responsible for Bidder’s own diligence before bidding on any Lot and Bidder is solely relying upon Bidder’s own inspection of the Lot, and BA makes no representations or warranties regarding the Lot (including whether any Lot satisfies any emissions standards, can be exported to any jurisdiction, or otherwise regarding the mechanical or cosmetic quality or condition, history, authenticity, originality, title, registration, fitness for purpose, safety or roadworthiness of any Lot); (h) Bidder has not relied on any BA description, inspection, or condition report of the Lot, Bidder shall not be entitled to rely on any oral statement made by anyone regarding the Lot, including by BA or any of its agents, and Bidder shall hold BA harmless for any oral or written statements in any medium made by BA that accurately repeat the Lot information supplied by Consignor or any description approved by Consignor; and (i) BA shall not be liable for any loss, damage, or injury sustained by any Bidder and any guest of Bidder while attending a BA auction or on BA’s premises (including the premises where an auction, pre-auction preview, inspection or test drive of any Lot may be conducted), except where such loss, damage, or injury is caused by the sole negligence or intentional act of BA, its agents, or employees.

11.       ALL LOTS ARE SOLD AS IS, WHERE IS, AND BA DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES.

ALL LOT SALES ARE “AS IS, WHERE IS” AND “WITH ALL FAULTS” AND NEITHER BA NOR CONSIGNOR MAKES ANY EXPRESS OR IMPLIED WARRANTY OR REPRESENTATION OF ANY KIND WHATSOEVER REGARDING ANY LOT. BIDDERS ARE STRONGLY ENCOURAGED AND SOLELY RESPONSIBLE FOR INDEPENDENTLY INSPECTING ANY LOTS BEFORE BIDDING, AND BIDDERS MUST SATISFY THEMSELVES AS TO THE CONDITION OF THE LOTS AND ALL MATTERS REGARDING LOTS BEFORE BIDDING, INCLUDING HISTORY, AUTHENTICITY, ORIGINALITY, ANY NECESSARY OR DESIRED REPAIRS, RESTORATION, OR MISSING PARTS AND ACCESSORIES, AND APPLICABLE DUTIES AND TAXES. BA AND CONSIGNOR HEREBY EXPRESSLY DISCLAIM ANY AND ALL REPRESENTATIONS AND WARRANTIES, INCLUDING ANY EXPRESS OR IMPLIED WARRANTIES, INCLUDING, WITHOUT LIMITATION, ANY REPRESENTATIONS OR WARRANTIES RELATING TO THE CONDITION, HISTORY, AUTHENTICITY, OR ORIGINALITY OF A LOT, TITLE OR REGISTRABILITY OF A LOT, ROADWORTHINESS OR MERCHANTABLE QUALITY OF A LOT, OR THAT A LOT CAN BE USED FOR ANY PARTICULAR PURPOSE. NO STATEMENT OR INFORMATION SET FORTH IN ANY CATALOG OR LOT DESCRIPTION, NOR ANY ESTIMATES, INVOICE, BILL OF SALE, TITLE DOCUMENT, CONDITION REPORT, NOTICE, ADVERTISEMENT, OR ANY OTHER WRITING OR ANY ORAL STATEMENT REGARDING A LOT SHALL BE DEEMED TO CREATE ANY WARRANTY OR REPRESENTATION ABOUT A LOT.

12.       TRANSFER OF OWNERSHIP AND RISK.

The Lot shall remain Consignor’s property until BA or the Auctioneer has announced the sale of the Lot, at which point ownership rights to the Lot and all risk of loss of the Lot will transfer from Consignor to a Bidder. The Bidder is then responsible for and assumes all risk of loss or damage to the Lot. BA, and its employees, officers, directors, and agents, shall not be liable for any loss or damage to any Lot at any time, and Bidder shall look solely to its own insurance for any theft, loss, or damage to the Lot during Bidder’s ownership.

13.       TRANSFER OF OWNERSHIP, EXPORT, AND REGISTRATION.

Unless BA manages ownership reassignment or registration of a Lot on Bidder’s behalf, Bidder is responsible for obtaining necessary title, ownership, and registration documentation for the Lot, and BA makes no representations or warranties regarding title, ownership, or registration (except that Consignor has represented to BA that Consignor has the authority to sell such Lot). Notwithstanding, BA can provide reasonable assistance in coordinating the transfer of certain title or ownership (where applicable) to Bidder at Bidder’s expense. Certain Lots may be sold with a “Title in Transit” such as where Lot titles have liens, or Lot titles are not yet in BA’s possession. Title in Transit means that Bidders should expect longer lead times for receiving ownership or title documents (where applicable), which may exceed 30 days following the auction, depending on processing times with various third parties. Unless prior arrangements have been agreed to by BA, Bidder is responsible for registering a motor car at its final destination promptly upon receipt of a title or ownership documents. Bidder shall also be solely responsible, including the payment of any costs or fees, for timely obtaining any necessary licenses or permits to export a Lot and/or to import a Lot into a foreign jurisdiction. Bidder is responsible for paying all taxes due, unless exempt by law. Bidder is responsible for supplying any proof of exemption, which is subject to BA’s verification. In any jurisdiction where BA does not collect sales tax and registration fees on registrable vehicles, or in the event BA fails to collect such taxes or fees for any reason, Bidder shall be solely responsible for the payment of any sales or use taxes arising from the sale and delivery of any Lot. BIDDER HEREBY AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS BA AGAINST ANY CLAIMS, DAMAGES, LOSSES, OR ASSESSMENTS BY ANY COUNTRY, STATE, COUNTY, CITY, OR OTHER GOVERNMENTAL AGENCY FOR ANY FAILURE TO REGISTER A MOTOR CAR LOT, FOR ANY UNPAID SALES OR USE TAXES, AND FOR ANY UNPAID DOCUMENTATION AND LICENSING FEES (INCLUDING ANY INTEREST AND PENALTIES THAT MAY ACCRUE OR BE ASSESSED THEREON) ARISING FROM OR RELATED TO THE SALE OF A LOT TO BIDDER.

BA will use its reasonable efforts to assist with the transfer of ownership; however, it is the responsibility of Bidder to transfer ownership in compliance with their jurisdictional rules and regulations. Some Lots may have entered the country or jurisdiction where the Auction is held and will be sold on a temporary import bond, which must be discharged by the Bidder either by directly re-exporting the Lot or by paying the relevant customs duty, import VAT and other applicable fees to permanently import the Lot into that country or jurisdiction. Any Lot subject to temporary import restrictions cannot be released from BA’s custody without the completion of customs procedures and receipt of full payment of the relevant customs duty, import VAT and other applicable fees. Customs charges will be assessed based on the Lot’s value and according to the circumstances of each sale and may be payable either to BA and/or directly to the relevant tax authority. The Bidder is solely responsible for payment of these charges.

14.       POST-SALE LOT ISSUES.

If Bidder promptly raises a claim regarding a Lot after purchase before BA has paid Consignor the Hammer Price, BA in its sole discretion may retain some or all of the Hammer Price and attempt to broker a solution among Consignor and Bidder. In such event, and if BA in its sole discretion deems Bidder’s claims valid, then BA may cancel or rescind the sale of the Lot and reimburse Bidder any portion of the Hammer Price still in BA’s possession.

PLEASE READ THIS SECTION 15 CAREFULLY, AS IT AFFECTS YOUR LEGAL RIGHTS AND REMEDIES.

15.1.    GOVERNING LAW AND BINDING ARBITRATION.

The Conditions and all claims or causes of action (whether in contract, tort or statute) that may be based upon, arise out of or relate to the Conditions or a Lot, or the negotiation, execution or performance of the Conditions (including any claim or cause of action based upon, arising out of or related to any representation or warranty made in or in connection with the Conditions), shall be governed, construed, and enforced in accordance with the laws of England, without regard to choice of law principles. ANY DISPUTE, CLAIM, OR CONTROVERSY ARISING OUT OF OR RELATING TO THE CONDITIONS, A LOT, OR THE BREACH, TERMINATION, ENFORCEMENT, INTERPRETATION, OR VALIDITY OF THE CONDITIONS, INCLUDING THE DETERMINATION OF THE SCOPE OR APPLICABILITY OF THE CONDITIONS AND WHETHER THE CLAIMS ASSERTED ARE ARBITRABLE, SHALL EXCLUSIVELY BE SUBJECT TO ARBITRATION. THE ARBITRATION SHALL BE ADMINISTERED IN ACCORDANCE WITH THE JAMS INTERNATIONAL ARBITRATION RULES UNDER ITS EXPEDITED PROCEDURES (AVAILABLE AT HTTPS://WWW.JAMSADR.COM/INTERNATIONAL-ARBITRATION-RULES/). THE TRIBUNAL WILL CONSIST OF ONE ARBITRATOR. THE PLACE OF ARBITRATION WILL BE LONDON, ENGLAND. THE LANGUAGE TO BE USED IN THE ARBITRAL PROCEEDINGS WILL BE ENGLISH. JUDGMENT UPON THE AWARD RENDERED BY THE ARBITRATOR MAY BE ENTERED IN ANY COURT HAVING JURISDICTION THEREOF. FOR ANY CLAIM WHERE THE TOTAL AMOUNT OF THE AWARD SOUGHT IS £50,000, €50,000 OR CHF50,000 OR LESS, JAMS, BIDDER, AND BA MUST ABIDE BY THE FOLLOWING RULES: (A) THE ARBITRATION SHALL BE CONDUCTED SOLELY BASED ON WRITTEN SUBMISSIONS; AND (B) THE ARBITRATION SHALL NOT INVOLVE ANY PERSONAL APPEARANCE BY THE PARTIES OR WITNESSES UNLESS OTHERWISE MUTUALLY AGREED BY THE PARTIES. This clause shall not preclude the Parties from seeking provisional remedies in aid of arbitration from a court of appropriate jurisdiction. In the event that either Party brings action against the other, arising from or relating to the Conditions or a Lot, the prevailing Party, as determined by the arbitrator or court, shall be entitled to recover its reasonable lawyers’ fees and costs, including through appeals.

15.2.    LIMITATION OF LIABILITY.

TO THE FULLEST EXTENT PERMITTED BY LAW, BIDDER AGREES BA’S MAXIMUM LIABILITY RELATED TO THE CONDITIONS OR A LOT IS EQUAL TO THE GREATER OF (A) THE AMOUNT OF BUYER’S PREMIUM THAT BIDDER ACTUALLY PAID TO BA (IF ANY), AND (B) THE ADMISSION OR REGISTRATION FEES BIDDER PAID (IF ANY) OR THAT WERE APPLICABLE TO ATTEND THE BA AUCTION OF THE LOT OR BID ON THE LOT. BIDDER HEREBY EXPRESSLY AND KNOWINGLY WAIVES AND AGREES NOT TO SEEK ANY SPECIAL, INDIRECT, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND ARISING OUT OF OR RELATING IN ANY WAY TO THE CONDITIONS OR ANY LOT, INCLUDING ANY LOST PROFITS, REGARDLESS OF THE ACTS OR OMISSIONS OR FAULT OF BA.

15.3.    WAIVER OF JURY AND CLASS ACTION RIGHTS.

THE PARTIES AGREE THAT BY ENTERING INTO THIS AGREEMENT, THEY ARE EACH WAIVING THE RIGHT TO TRIAL BY JURY OR TO PARTICIPATE IN A CLASS ACTION. THE PARTIES AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN EACH OF THEIR INDIVIDUAL CAPACITIES, AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS OR REPRESENTATIVE PROCEEDING. ANY ARBITRATION WILL TAKE PLACE ON AN INDIVIDUAL BASIS; CLASS ARBITRATIONS AND CLASS ACTIONS ARE NOT PERMITTED.

16.       ENTIRE AND CONTINUING AGREEMENT.

The Conditions constitute the entire agreement between BA and Bidder and except as stated herein, contain all of the representations, conditions, and warranties between them with respect to any purchased Lot and their relationship. For the avoidance of doubt, these Conditions shall govern the Parties at any future BA auctions and by bidding at any future such auction, Bidder re-affirms their consent to be governed by these Conditions. The Conditions may only be modified or superseded in a writing signed by BA’s duly authorized representatives.

17.       CONSTRUCTION AND SEVERABILITY.

If any term of the Conditions is invalid or unenforceable, that term shall be deemed modified or deleted, but only to the extent necessary to comply with the statute, regulation, ordinance, order, or rule, and the remaining provisions of the Conditions shall remain in full force and effect. The Parties agree that any rule of law providing that ambiguities shall be construed against the drafting party, shall be of no force or effect. Time is of the essence for Bidder’s performance of the Conditions.

18.       NOTICE.

Any notice to be given by any Party may be given by Federal Express, UPS, = or similar registered courier with copies sent via email to Bidder’s email on file and to BA at BALegal@hagerty.com.

19.       CLIENT CONFIDENTIALITY AND ANTI-MONEY LAUNDERING.

BA shall not be required to disclose the identity of any Consignor to Bidder without a court order or except in accordance with government regulations. Bidder acknowledges BA may use information provided by Bidder for identity verification using third-party service providers for KYC (Know Your Client) and AML (Anti-Money Laundering) compliance. Bidder agrees to provide all information and assistance reasonably requested by BA to comply with KYC/AML processes, laws, and regulations.

20.       PRIVACY POLICY.

Bidder consents to BA and its partners storing and using Bidder’s personal information in accordance with BA’s privacy policy, located on www.broadarrowauctions.com.

21.       COPYRIGHT POLICY.

BA owns or licenses the copyright in all photographs, videos, and descriptions of any Lots created by or for BA, and BA in its sole discretion shall have the right to use, reproduce, and publish any of them for any purpose in any media at any time. Bidder shall have no right, title or interest to any of the foregoing in the event of buying a Lot, and Bidder agrees not to use, reproduce, or publish such copyrighted materials without BA’s prior written consent.

22.       LIKENESS.

Bidder and any guest of Bidder grant all necessary rights to BA and agree BA has permission and license to use their likeness for video, photography, and any other recording, display, broadcast, or publication for any and all purposes (including advertising and marketing purposes) at any time. Bidder and any guest of Bidder waive all rights or claims (including rights of privacy and publicity) that might arise from such use under any applicable law.

23.       NO TAX OR LEGAL ADVICE.

Bidder is solely responsible for ensuring its own tax compliance with all amounts due under the Conditions. Bidder authorizes BA to collect any taxes, duties, VAT, or any other applicable tax on Bidder’s behalf, where required by law. BA has not provided Bidder with any tax or legal advice in connection with the Conditions, and Bidder has had an opportunity to consult its own tax or legal advisors regarding the Conditions. For the avoidance of doubt, BA makes no representations regarding Bidder’s ability to claim any tax exemption in connection with any purchase of any Lot, including any Lot with proceeds designated for charity in whole or in part.

24.       CONSUMER PROTECTION RIGHTS.

In certain jurisdictions, certain buyers may have the right to avail themselves of consumer protection rights or warranties notwithstanding this Agreement and the governing law selected by Consignor or the Bidder. While Bidder should seek independent legal advice, BA notes two potential examples: (a) EU Online Purchase Cancellation Right. For certain online-only auctions, if (i) Bidder is a “consumer” (i.e., acting for purposes that are mainly outside its trade, business, craft, or profession) who habitually resides in the European Union or United Kingdom and (ii) Consignor is a “business” or “trader” (i.e., acting for purposes relating to its trade, business, craft, or profession, whether personally or through another person), then the Bidder may have the right to cancel the online purchase of goods (the “EU Consumer Cancellation Right”) under certain countries’ laws during the period of fourteen (14) calendar days after the Bidder or their designated agent acquires physical possession of the Lot. If such a Bidder exercises the EU Consumer Cancellation Right, BA will notify Consignor and cancel the sale of the Lot. A Bidder who exercises the EU Consumer Cancellation Right is responsible for any and all expenses associated with the Lot, including transportation, storage, insurance, duty, and taxes. If a Bidder exercises the EU Consumer Cancellation Right, such Bidder bears all risk of loss, and is therefore advised to insure the Lot until Consignor retakes possession. BA reserves the right to make the reasonable determination as to whether a Consignor meets the definition of a business or trader under this section; and (b) Legal Warranty for Italian Consumers. If (i) Consignor is a “professional” pursuant to the provisions of Art. 18, 1.b of the Consumer Code (Italian Legislative Decree no. 206 of 6 September 2005), and (ii) Bidder is a natural person participating in the auction for purposes that do not fall under the categories of trade, industry, craft or other professional activities, then a legal warranty of conformity may be applied to the Lot within 1 (one) year from the date of delivery under Articles 128-135 of the Consumer Code (hereinafter “Italian Legal Warranty”). The Italian Legal Warranty binds only the Consignor, and BA does not therefore assume any liability under the Italian Legal Warranty, which can be enforced only against the Consignor. In the event of a cancellation of a sale under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), BA may credit the buyer with its purchase price (if paid). The Bidder shall keep BA harmless for any documented costs, expenses, damages incurred in as the consequence of or connected with any claim under such consumer protection rights or warranties (including the EU Consumer Cancellation Right or Italian Legal Warranty), including reasonable legal costs incurred by BA for the purpose of resisting or managing the claim received. The Bidder agrees to pay the amounts requested by BA at first demand, and within seven (7) days.


The following Conditions of Sale are applicable to French Auctions.

1. CONDITIONS DE VENTE. 

En acceptant les présentes « Conditions Générales de Vente », et/ou s’inscrivant pour enchérir ou enchérissant sur tout article mis aux enchères (un « Lot(s) ») par Broad Arrow France SAS et ses sociétés affiliées (ci-après, ensemble dénommées « Broad Arrow »), que ce soit directement, par l’intermédiaire d’un tiers mandataire ou de toute autre personne ayant obtenu le contrôle de ses identifiants d’enchérisseur ou de la pancarte d’enchères portant son numéro d’enregistrement (collectivement, l’« Enchérisseur »), l’Enchérisseur accepte les présentes conditions de vente (les « Conditions Générales de Vente »), et accepte également toutes autres informations relatives aux Lots et à leur vente communiquées avant la vente d’un Lot, ou affichées dans la salle des ventes, dans le catalogue de la vente aux enchères ou en ligne sur www.broadarrowauctions.com au moment de l’enchère par l’Enchérisseur (collectivement, les « Conditions »). L’Enchérisseur reconnaît que les Conditions Générales de Vente ont également vocation à s’appliquer à ses mandataires, représentants, héritiers, exécuteurs testamentaires, représentants légaux, successeurs, et ayants droit.

2. INSCRIPTION À LA VENTE.

Nul ne peut enchérir lors d’une vente aux enchères organisées par Broad Arrow sans s’être préalablement inscrit auprès de Broad Arrow et avoir fourni une pièce d’identité officielle et une preuve de solvabilité financière suffisante. Broad Arrow se réserve le droit de demander à l’Enchérisseur des informations supplémentaires visant à attester de son identité et/ou de sa solvabilité financière pour son inscription ou pour lui permettre d’enchérir sur un Lot.

Broad Arrow peut refuser l’inscription en cas de motif légitime. Broad Arrow peut également décider de l’assortir de conditions.

3. Le rÔle de Broad Arrow comme mandataire du propriÉtaire vendeur.

Sauf indication contraire, tous les Lots sont proposés aux enchères par Broad Arrow en qualité de mandataire du vendeur du Lot (le vendeur du Lot étant désigné ci-après le « Vendeur »), et non en son nom propre. A l’issue de la vente aux enchères, un contrat de vente sera formé entre le Vendeur et, le cas échéant, l’Enchérisseur le mieux-disant ayant remporté l’enchère (l’ « Adjudicataire »), Broad Arrow n’étant pas partie à ce contrat de vente.

Broad Arrow ne pourra être tenue responsable en cas de violation ou de manquement commis par le Vendeur.

Dans le cas où Broad Arrow disposerait d’un intérêt juridique ou financier sur le Lot ou bénéficierait d’un quelconque avantage sur celui-ci, cette information sera communiquée à l’aide, par exemple, de symboles figurant dans le catalogue de la vente aux enchères.

4. Prix de rÉserve et estimation des Lots.

Comme il est d’usage dans les ventes aux enchères, et sauf indication contraire, tous les Lots sont proposés à la vente sont soumis à un prix de réserve correspondant au prix minimal arrêté avec le Vendeur au-dessous duquel le Lot ne peut pas être vendu (le « Prix de Réserve »). Le Prix de Réserve est confidentiel et n’est pas divulgué au public.

Si le bien a été estimé, le Prix de Réserve ne peut être fixé à un montant supérieur à l’estimation la plus basse figurant dans la publicité, ou annoncée publiquement par la personne qui procède à la vente et consignée au procès-verbal.

Les estimations des Lots sont déterminées par Broad Arrow ainsi que les experts qui les assistent le cas échéant. Elles sont fondées notamment sur l’état, la rareté, la qualité et la provenance des Lots et sur les prix récemment atteints aux enchères pour des biens similaires. Elles ne tiennent compte ni des frais de vente, ni des taxes et autres frais applicables. Les estimations peuvent changer et peuvent être modifiées oralement ou par écrit, avant la vente aux enchères.

L’Enchérisseur ne devra en aucun cas considérer les estimations comme une prévision ou une garantie du prix de vente réel d’un Lot, ni se fonder sur ces estimations pour déterminer la valeur du Lot.

Les estimations communiquées par Broad Arrow ne sauraient en aucun cas être source de responsabilité pour celle-ci.  

5. Le rÔle du Commissaire-Priseur.

La vente aux enchères sera menée, sur place ou en ligne, par le commissaire-priseur désigné par Broad Arrow (le « Commissaire-Priseur ») qui sollicitera et acceptera les enchères, éventuellement assisté par d’autres intervenants désignés par Broad Arrow.

Broad Arrow et le Commissaire-Priseur assureront la police de la vente et pourront, dans les conditions fixées par les lois et règlements applicables:

Accepter ou refuser de mettre en enchère des biens, quel qu’en soit le montant;

diriger la conduite des enchères. Le Commissaire-Priseur pourra notamment fixer des paliers d’enchères, afficher - à titre indicatif uniquement - les enchères, afficher - à titre indicatif uniquement - le montant des enchères dans différentes devises, retirer un Lot de la vente soit, suspendre, recommencer ou rouvrir les enchères, ou retirer un Lot de la vente en cas de motif légitime;

reconnaître si le Lot a été vendu à un Enchérisseur ou s’il a été retiré de la vente.

6. Affichage des enchÉres et conversion des devises.

Le prix d’enchère qui prévaut est celui indiqué par le Commissaire-Priseur.

Broad Arrow peut, à des fins de commodité pour les Enchérisseurs et à titre strictement indicatif, utiliser un système d’affichage des enchères ou de conversion en différentes devises, toutefois cet affichage peut – notamment en raison d’une erreur humaine ou matérielle - ne pas refléter le cours des enchères et ne doit donc pas être considéré comme fiable par les Enchérisseurs. Des erreurs, inexactitudes et retards peuvent survenir dans le fonctionnement de l’affichage des enchères et des conversions de devises.

Broad Arrow et ses collaborateurs ne pourront pas être tenus responsables des erreurs ou omissions dans l’affichage des enchères et des conversions de devises dont le but n’est qu’informatif.

7. Prix de Vente, Frais d’Achat et autres sommes dues par l’Adjudicataire.

Lorsque l’Enchérisseur le mieux-disant remporte le Lot (l’ « Adjudicataire »), l’Adjudicataire est tenu de payer sans délai les différentes composantes du « Prix de Vente » suivantes : (a) le montant de son enchère gagnante une fois que, le cas échéant, le Lot a atteint son Prix de Réserve (le « Prix d’Adjudication » ou « Prix Marteau ») ; (b) les Frais d’Achat (tels que définis ci-dessous) applicables calculés sur la base du Prix d’Adjudication, et (c) toutes taxes, impôts et contributions applicables, ainsi que les dépenses et frais applicables (y compris les frais d’enlèvement et de stockage) devant être directement payés à Broad Arrow.

Sauf spécification écrite contraire émanant de Broad Arrow applicable à une certaine vente ou à un certain Lot, les « Frais d’Achat » standards appliqués par Broad Arrow sont :

Si le Lot est une voiture, le barème suivant sera appliqué :

15 % TTC sur la quote-part du Prix d’Adjudication dont le montant est inférieur ou égal à 250.000 € ; et

12,5 % TTC sur la quote-part du Prix d’Adjudication dont le montant est strictement supérieur à 250.000 €.

Si le Lot n’est pas une voiture (y compris les, les pièces ou accessoires automobiles, les motos, les bateaux et embarcations diverses, les remorques, les machines ; les livres, les photographies, les posters, l’art, les bijoux et les meubles) : 25% du Prix d’Adjudication TTC.

8. Mode et dÉlai de paiement.

Sauf accord contraire, le Prix de Vente doit être payé en totalité par l’Adjudicataire à Broad Arrow avant 17 heures, heure locale de la vente aux enchères, le premier jour ouvrable (c’est-à-dire tous les jours à l’exclusion des samedis, dimanches et jours fériés du lieu de la vente) suivant la vente (la « Date d’Echéance »).

Tous les paiements devront être effectués par virement bancaire en euro (€). 

Pour les ventes concernant des Lots autres que des voitures, l’Adjudicataire autorise Broad Arrow à débiter toute carte bancaire enregistrée auprès de Broad Arrow du montant de la vente jusqu’à concurrence de 5.000 €.

L’Adjudicataire devra verser l’intégralité du Prix de Vente à Broad Arrow.


9.  DÉfaut de paiement du prix par l’Adjudicataire.

Conformément aux dispositions de l’article L. 321-14 du Code de commerce, à défaut de paiement par l’Adjudicataire, après mise en demeure restée infructueuse, le bien pourra être remis en vente à la demande du Vendeur sur réitération des enchères. Si le Vendeur ne formule pas cette demande dans un délai de trois mois courant à compter de l’Adjudication, la vente sera résolue de plein droit, sans préjudice des dommages-intérêts dus par l’Adjudicataire défaillant. L’Adjudicataire est informé que le Vendeur sera également susceptible d’avoir recours aux voies de droit offertes par l’article 1217 du Code civil, ou toute autre voie de droit existante.

Sans préjudice des droits ou recours dont le Vendeur dispose, Broad Arrow sera en droit d’exercer un ou plusieurs des recours suivants lorsque l’Adjudicataire n’aura pas intégralement payé le Prix de Vente à la Date d’Echéance. Broad Arrow pourra ainsi :

Déplacer et stocker le Lot aux seuls risques et frais de l’Adjudicataire et exiger de l’Adjudicataire le paiement intégral du Prix de Vente et de tous les frais annexes dont les frais de stockage du Lot, intérêts de retard et frais de recouvrement. Broad Arrow pourra également demander le paiement de dommages-intérêts et solliciter l’exécution forcée ;

Facturer des intérêts de retard à l’Adjudicataire sur le montant impayé du Prix de Vente à compter du lendemain de la Date d’Echéance au taux le plus élevé entre (i) un taux mensuel de 1,5% du Prix de Vente et (ii) le taux d’intérêt légal applicable ou si l’Adjudicataire est un professionnel, trois fois le taux d’intérêt légal inter-entreprises. En outre, si l’Adjudicataire est un professionnel, une indemnité forfaitaire pour frais de recouvrement de quarante (40) euros sera due;

Compenser tout montant dû à l’Adjudicataire par Broad Arrow avec tout montant impayé par l’Adjudicataire concernant le Lot à la suite d’une violation du contrat par l’Adjudicataire ;

Révéler l’identité et les coordonnées de l’Adjudicataire au Vendeur pour lui permettre de mettre en œuvre tout recours juridique dont il bénéficierait et notamment lui permettre d’engager une procédure judiciaire pour recouvrer les montants dus et les frais de justice ;

Rejeter les enchères futures de l’Adjudicataire ou soumettre ses enchères à des conditions spécifiques telles que le paiement d’un dépôt.

10.  EnlÈvement et livraison des achats.

Sauf conclusion d’un accord spécifique avec Broad Arrow, l’Adjudicataire s’engage à organiser l’enlèvement du Lot acheté à la Date d’Echéance. A défaut, l’Adjudicataire accorde à Broad Arrow le droit d’enlever et de stocker le Lot aux frais de l’Adjudicataire.

L’Adjudicataire reconnaît que si le Lot n’a pas été enlevé à la Date d’Echéance, alors Broad Arrow aura la possibilité d’enlever le Lot, le stocker et facturer des frais de retrait tardif à hauteur de 50€ TTC par jour jusqu’à ce que le Lot soit enlevé. L’Adjudicataire autorise Broad Arrow à prélever ces frais sur toute carte ou compte bancaire figurant dans son fichier client. L’Adjudicataire sera par ailleurs redevable de tous les frais d’enlèvement, de stockage, de transport et de manutention appliqués.

Sauf accord contraire conclu avec Broad Arrow, le Lot ne sera pas remis à l’Adjudicataire tant que le Prix de Vente n’aura pas été intégralement payé et que l’Adjudicataire n’aura pas entièrement respecté les Conditions Générales de Vente.

11. DÉclarations et garanties de l’EnchÉrisseur.

En participant aux ventes aux enchères organisées par Broad Arrow, l’Enchérisseur déclare et garantit:

respecter toutes les lois et règlementations applicables, ainsi que les présentes Conditions Générales de Vente ;

que ni l’Enchérisseur ni aucun participant lié à l’Enchérisseur (y compris toute personne ou entité détenant tout ou partie de l’Enchérisseur ou tout tiers dont l’Enchérisseur serait mandataire) ne sont directement ou indirectement soumis à, ou contrôlés par une personne physique ou morale soumise à, des restrictions commerciales, y compris des embargos ou des sanctions en vertu des lois des États-Unis, de l’Union européenne, du Royaume-Uni et de la Suisse ou de tout autre Etat ou territoire,

être en conformité avec les lois applicables en matière de lutte contre le blanchiment d’argent, de financement du terrorisme, de fraude fiscale et de corruption et qu’il ne fait - à sa connaissance - l’objet d’aucune enquête, instruction ou condamnation pour ce type d’infraction. Il garantit par ailleurs que le Prix de Vente ne sera pas financé par des fonds liés au produit d’une activité criminelle.

avoir la capacité financière et payer le Prix de Vente de tout Lot sur lequel il enchérit.

agir en son nom et pour son propre compte lorsqu’il enchérit, à moins d’en avoir expressément informé Broad Arrow et que Broad Arrow ait expressément accepté par écrit qu’il intervienne en qualité de mandataire pour un mandant dont l’identité est connue et divulguée ;

respecter toutes les règles, politiques et procédures applicables ainsi que celles que Broad Arrow pourrait être amenée à communiquer, notamment par voie d’affichage ou par notification ;

qu'il sera responsable de tout dommage causé à un Lot par lui-même ou par l’un de ses invités, que soit intentionnellement ou par négligence. L’Enchérisseur accepte d’être tenu responsable de tout préjudice et dommage qui pourrait en résulter et s’engage à indemniser intégralement Broad Arrow ;

que toute enchère faite par l’Enchérisseur est ferme et irrévocable. Il ne peut pas modifier ou retirer une enchère une fois qu’elle a été formulée ;

avoir réalisé les investigations et les diligences nécessaires et obtenu toutes les informations nécessaires avant d’enchérir sur un Lot. L’Enchérisseur reconnaît qu’il ne peut se fier qu’à son propre examen du Lot pour enchérir. Il reconnaît que Broad Arrow n’offre aucune garantie concernant le Lot autre que ce qui est stipulé dans la description et la présentation du Lot.

Sauf faute de Broad Arrow, la responsabilité de Broad Arrow ne saurait être engagée pour toute perte, dommage ou blessure subis par l’Enchérisseur ou l’un de ses invités lors d’une vente aux enchères organisée par Broad Arrow, dans les locaux de Broad Arrow ou à l’extérieur dans le cadre de l’essai d’un véhicule (y compris le lieu de la vente, de la prévisualisation des Lots avant enchères, d’une inspection ou d’un essai en circulation d’un Lot).

12.  Absence de droit de rÉtractation - Vente des Lots en l’État et absence de garantie.

Conformément à l’Article L. 221-28 du Code de la consommation, le droit de rétractation ne peut être exercé pour les contrats conclus lors d'une enchère publique. 

 

L’Enchérisseur est dûment informé que la garantie légale de conformité des biens ne s‘applique pas aux biens d’occasion proposés à la vente et dès lors que les acheteurs ont la faculté d'y assister en personne, conformément à l'Article L. 217-2 du Code de la consommation. 

L’état des Lots vendus dans les ventes aux enchères organisées par Broad Arrow peut varier considérablement en raison de facteurs tels que l’âge, une détérioration antérieure, une restauration, une réparation ou l’usure. Leur nature fait qu’ils seront rarement en parfait état. Les Lots sont ainsi vendus « en l’état », c’est-à-dire tels quels, dans l’état dans lequel ils se trouvent au moment de la vente, sans aucune garantie, ni engagement de quelque sorte que ce soit quant à leur état de la part de Broad Arrow ou du Vendeur. Aucune réclamation quant à leur état, leur qualité et leurs éventuels défauts autres que ce qui est stipulée dans la présentation et description du Lot ne sera admise une fois l’adjudication prononcée.

Avant d’enchérir, l’Enchérisseur est vivement encouragé à consulter personnellement l’état du Lot . A ce titre, l’Enchérisseur doit s’assurer de l’état du Lot sous tous ses aspects (notamment, l’historique, le caractère authentique, les éventuelles réparations nécessaires, la restauration et les éventuels accessoires ou pièces manquantes).L’Enchérisseur doit également se renseigner sur les droits et taxes applicables au moment de l’achat, de l’exportation ou autre. Le Vendeur ne fournit aucune garantie à l’Enchérisseur, sous réserve des garanties légales attachées au Lot et transmises au moment du transfert de propriété du Lot, notamment la garantie d’éviction et, le cas échéant, la garantie des vices cachés. Broad Arrow ne fournit aucune garantie autre que ce qui est stipulé sans réserve dans la description et la présentation du Lot.

13.Transfert de propriÉtÉ et des risques.

Le Lot reste la propriété du Vendeur jusqu’à ce que Broad Arrow ou le Commissaire-Priseur prononce l’Adjudication. La propriété du Lot ainsi que les risques sont ainsi transférés du Vendeur à l’Enchérisseur le mieux-disant au moment de l’Adjudication, le dernier Enchérisseur devient alors Adjudicataire. 

Après l’adjudication, l’Adjudicataire devient responsable et assure tous les risques de perte ou de détérioration du Lot. Broad Arrow, ses salariés, consultants, représentants sociaux, ne peuvent être tenus responsables d’aucune perte ou détérioration du Lot, à quelque moment que ce soit, sauf en cas de faute de Broad Arrow, le cas échéant, qui aurait la garde du Lot jusqu’à la prise de possession physique du Lot par l’Adjudicataire. L’Adjudicataire devra exclusivement s’en référer à son assureur en cas de perte, vol ou détérioration du Lot dont il est devenu propriétaire.

14. Transfert de propriÉtÉ, exportation et immatriculation.

Sauf accord contraire, Broad Arrow ne s’occupe pas des formalités de transfert de propriété ou d’immatriculation du Lot pour le compte de l’Adjudicataire. L’Adjudicataire se charge de l’obtention des titres de propriété et d’immatriculation nécessaires pour le Lot. Sauf accord contraire, l’Adjudicataire est responsable de l’immatriculation du véhicule au lieu de destination finale dès réception de la propriété ou de tout document attestant de la propriété.

Dans certains cas, Broad Arrow peut, aux frais de l’Adjudicataire, l’assister pour le transfert de certains titres.

Certains Lots peuvent être vendus avec un « Title in transit » ce qui signifie que la propriété est en cours de transfert et donc que l’ensemble des titres et documents ne sont pas en la possession de Broad Arrow. Dans ce cas, l’Adjudicataire doit s’attendre à des délais potentiellement plus longs pour l’obtention de certains documents et titres en raison notamment des délais de traitement des différences tiers impliqués.

L’Adjudicataire est également seul responsable de l’identification et de l’obtention en temps utile de tout permis, licence ou autorisation nécessaire pour l’exportation / l’importation du Lot à l’étranger. Ces démarches seront réalisées à ses frais.

L’Adjudicataire est informé de ce que certains Lots sont susceptibles d’être entrés sur le territoire du lieu de la vente aux enchères sous un régime d’importation temporaire. Lorsque cela est le cas, l’Adjudicataire devra se charger d’accomplir les démarches nécessaires à la régularisation de la situation (réexportation, paiement des droits de douane, taxes et tous autres frais applicables, etc.).

Un Lot soumis à des restrictions temporaires d’importation ne pourra être remis par Broad Arrow qu’après accomplissement des formalités douanières nécessaires et paiement intégral des droits de douane, de la TVA à l’importation et de tout autre frais ou taxe applicable.

Le montant des frais et droits de douane dû sera en principe basé sur la valeur du Lot et sera, selon les circonstances de la vente, payable soit à Broad Arrow, soit directement à l’autorité fiscale compétente. L’Enchérisseur est seul responsable du paiement de ces sommes.

Sauf en cas d’exonération, l’Adjudicataire est responsable du paiement de tout impôt ou toute taxe de vente, TVA, taxe à la consommation, taxe sur les produits et services, droits et tarifs douaniers, droit de suite ou autre applicable sur l’achat et/ou l’exportation et/ou l’importation et/ou autre du Lot, notamment dans les cas où ces taxes et impôts doivent être collectés par Broad Arrow. En cas d’exonération, l’Adjudicataire devra sur demande de Broad Arrow lui fournir la preuve de cette exonération aux fins de vérification.

L’Adjudicataire accepte expressément d’indemniser et de garantir Broad Arrow contre toute perte, préjudice, réclamation, réclamé devant ou par toute juridiction ou entité gouvernementale, en raison d’un défaut d’immatriculation et d’enregistrement d’un Lot automobile ou d’un défaut de paiement de tous les frais, taxes, impôts, licences et autorisations en lien avec la vente d’un Lot à l’Adjudicataire.

15. Réclamation et mÉdiation.

En cas de réclamation, vous pouvez contacter le service client de Broad Arrow.

En cas d’échec de la réclamation, vous avez le droit de demander, sans frais, le recours à un service de médiation afin de régler à l'amiable tout litige relatif aux Conditions. Vous pouvez adresser une réclamation au Commissaire du Gouvernement près le Conseil des maisons de vente par email (info-cdg@conseildesventes.fr), via le site internet du Conseil des maisons de vente (https://conseilmaisonsdevente.fr/fr, dans l’onglet « Services en ligne », puis « Déposer une réclamation en ligne »), ou par courrier à l’adresse suivante : Le commissaire du Gouvernement auprès du Conseil des ventes volontaires, Immeuble Morning, 4 rue Royale, 75008 Paris.

16. Loi applicable et juridiction compÉtente.

Les présentes Conditions applicables aux Enchérisseurs  SERONT régies et interprétées conformément au droit français.

Conformément aux dispositions de l’article L. 321-37 du Code de commerce, les tribunaux civils DE PARIS SERONT seuls compétents pour TOUT LITIGE RELATIF A LA SIGNATURE, LA VALIDITE, L’INTERPRETATION, L’EXECUTION, OU LA FIN DES CONDITIONS OU EN DECOULANT, QUE LES PARTIES NE PARVIENDRAIENT PAS A RESOUDRE A L’AMIABLE. SI VOUS UN consommateur, LES TRIBUNAUX CIVILS DE LA JURIDICTION DE VOTRE LIEU DE RESIDENCE HABITUELLE SERONT COMPETENTS, OU, A VOTRE DISCRETION, LES tribunaux civils DE PARIS.

En application de l’article L. 321-17 du Code de commerce, les actions en responsabilité civile relatives aux ventes volontaires de meubles aux enchères publiques se prescrivent par cinq ans à compter de l’adjudication. 

17. IntÉgralitÉ et permanence de l’accord.

Les présentes Conditions Générales de Vente constituent l’accord complet conclu entre Broad Arrow et l’Enchérisseur et établit l’intégralité de leurs droits et obligations.

Les présentes Conditions Générales de Vente demeurent applicables tant qu’elles ne sont pas modifiées. Elles ne peuvent être modifiées ou remplacées que par un document écrit signé par un représentant dûment habilité de Broad Arrow. 

18. DivisibilitÉ et interprÉtation.

Si une clause des Conditions Générales de Vente s’avérait invalide ou inefficace, quelle que soit la cause de cette invalidité ou inefficacité (nullité, réputée non écrite, etc.), la clause ne sera modifiée ou rendue inefficace que dans la mesure de ce qui s’avère strictement nécessaire. Les Conditions Générales de Vente seront maintenues pour le surplus.

19. Notifications.

Les notifications se feront par FedEx, UPS, lettre recommandée avec accusé de réception ou tout autre type de service permettant un suivi de l’envoi, et une copie sera adressée par courriel à Broad Arrow < BALegal@hagerty.com > à partir de l’adresse mail fournie par l’Enchérisseur à l’occasion de son inscription et/ou de son enregistrement.

20. Divulgation des informations personnelles et lutte contre le blanchiment d’argent.

Sauf dans la mesure où cela est exigée par la loi, Broad Arrow ne pourra pas divulguer l’identité du Vendeur à l’Enchérisseur avant l’Adjudication.

L’Enchérisseur s’engage à fournir, sur demande de Broad Arrow, une preuve d’identité et toute autre information requise pour satisfaire aux exigences d’identification des clients, notamment dans le cadre de la lutte contre le blanchiment d’argent et le financement du terrorisme.

L’Enchérisseur reconnaît que Broad Arrow est susceptible d’utiliser et d’avoir à traiter les informations personnelles communiquées par l’Enchérisseur dans le cadre de procédures de vérification de l’identité du client notamment en matière de KYC (Know Your Customer), de lutte contre le blanchiment d’argent ou de financement du terrorisme, en recourant à des prestataires de services tiers.

21. Protection des donnÉes – Autorisation d’utiliser et reproduire l’Image de l’EnchÉrisseur.

L’Enchérisseur consent à ce que Broad Arrow et ses partenaires conservent et traitent ses informations personnelles pour une utilisation telle que décrite dans, et en accord avec, la politique de confidentialité publiée sur le site internet de Broad Arrow < www.broadarrowauctions.com >.

L’Enchérisseur est informé de ce que les ventes aux enchères et autres activités de Broad Arrow sont susceptibles d’être photographiées et filmées et que des enregistrements comportant des images (comprenant, des photos, films, enregistrement et vidéos) de l’Enchérisseur et des personnes l’accompagnant lors des ventes aux enchères (« Image de l’Enchérisseur » ou « Image ») pourront être diffusées par Broad Arrow. Ainsi, l’Enchérisseur ainsi que toute personne présente à ses côtés autorisent Broad Arrow à utiliser et à reproduire pour la promotion des vente aux enchères et pour toute campagne publicitaire ou promotionnelle en faveur de Broad Arrow, l’Image de l’Enchérisseur, et ce sur tout support et par tous moyens de communication, notamment livre, revue, catalogue, affiche, et sites internet de Broad Arrow et de tiers. Sans limiter ce qui précède, ce droit d’utilisation et de reproduction inclut le droit de capter, fixer, reproduire et diffuser l’Image de l’Enchérisseur sur les supports susmentionnés. Si l’Enchérisseur ou toute personne l’ayant accompagnée ne souhaite plus que son Image soit utilisée ou reproduite par Broad Arrow dans les conditions susmentionnées, l’Enchérisseur ou toute personne l’ayant accompagnée pourra mettre fin à ladite autorisation à tout moment en contactant Broad Arrow [insert Broad Arrow contact details] et l’informant de son souhait de mettre fin à ladite autorisation.

L’Enrichisseur et les personnes l’accompagnant renoncent à formuler toute réclamation et à intenter toute action en raison de l’utilisation de ces données.

22. PropriÉtÉ Intellectuelle.

Broad Arrow détient les droits d’auteur sur toutes les photographies, vidéos et descriptions de tous les Lots qu’elle aura elle-même créées ou qui auront été créées pour son compte. Broad Arrow se réserve le droit de les utiliser, de les reproduire et de les publier à tout moment, à toutes fins et sur tout support.

L’Adjudicataire n’aura aucun droit ou titre sur le contenu créé avant l’achat du Lot.

 

L’Enchérisseur s’engage à ne pas utiliser, reproduire ou publier les éléments protégés par les droits d’auteur sans l’accord préalable écrit de Broad Arrow.

23. Renseignements juridiques et fiscaux.

L’Enchérisseur reconnaît que Broad Arrow ne lui a fourni aucun conseil juridique ou relatif à des questions fiscales (imposition, taxation, exonération, etc.), et qu’il s’est personnellement informé de ses droits et obligations en la matière auprès de personnes compétentes en la matière. L’Enchérisseur reconnaît qu’il a notamment pris connaissance des dispositions spécifiques susceptibles de s’appliquer en matière de fiscalité et d’importation des véhicules de collection (notamment la circulaire du 8 septembre 2014 relative à la définition du véhicule de collection et à la fiscalité applicable lors de l’importation d’un véhicule de collection et toute autre disposition susceptible de s’appliquer).

L’Enchérisseur s’engage à respecter ses obligations juridiques et fiscales, et autorise Broad Arrow à percevoir en son nom les taxes, droits, impôts ou autres applicables dans les cas où la loi l’exige ou le permet.

L’Enchérisseur reconnaît avoir pu prendre connaissance des présentes Conditions Générales de Vente, les avoir comprises et avoir - au besoin - sollicité des conseils juridiques.

Broad Arrow ne prend aucun engagement relatif à la capacité de l’Enchérisseur à pouvoir obtenir un quelconque avantage fiscal (exonération ou autre).