' Proceeds of Sale ' - The net amount due to the seller being the Hammer Price of the Lot after deducting the Auctioneer's Commission along with the seller's contribution towards insurance, photography, cataloguing fee, such VAT as is chargeable and any other amounts due by the seller to the Auctioneer in whatever capacity howsoever arising.

' Lot ' - Any item which is deposited with the Auctioneer with a view to its sale at auction and, in particular, the item or items described against any Lot number in any Catalogue. ' Hammer Price ' - The price at which a Lot is knocked down by the Auctioneer to the buyer. ' Forgery ' - A Lot which was made with the intention of deceiving with regard to authorship, culture, source, origin, date, age or period and which is not shown to be such in the description set out in the Catalogue and the market value for which at the date of the auction was substantially less than it would have been had the Lot been in accordance with the Catalogue description.

' Catalogue ' - Any advertisement, brochure, estimate, price or other publication in print or online. ' Auctioneer's Commission ' - The commission payable to the Auctioneer by the buyer and seller as specified in conditions 13 and 25. ' Auctioneer' – Fastnet Estates Limited trading as Morgan O’Driscoll.

In these conditions the following words and expressions shall have the following meanings:.

Buyers and sellers are requested to carefully read the Cataloguing Practice and Catalogue Explanation set out below and any other Terms & Conditions which may be set out in any additional material and brought to their attention by the Auctioneer. The Auctioneer (Morgan O Driscoll) carries on business on the following terms and conditions and on such other terms or conditions as may be expressly agreed with the Auctioneer or set out in any relevant Catalogue.

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