– Tal Milstein: +32 496 50 12 99
Riding the horses will be completely at your own risk.
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General 1.1 The Ten [also known as The Ten BVBA, trading under the name The Ten] (hereinafter individually and collectively referred to as: The Ten), organises an auction on the 1st of May 2018 on the property of Azelhof Horse Events in Lier, Belgium. The auction will be held under the supervision of a bailiff. 1.2 These auction terms and conditions are applicable to all sales agreements concluded during the auction related to the horses offered via the Ten, as well as any agreements resulting from that. 1.3 This agreement is governed by Belgian law. 1.4 These terms and conditions are to be announced prior to the start of the auction and are also included in the auction catalogue. Sale/Auction 2. During the auction horses will be presented under saddle. The horses will be sold during the auction by bidding in the Euro currency, unless otherwise stated, with a minimum starting bid of € 20,000.00. Bids are to be made in increments of € 2,000.00 at a time up to € 100,000.00, and above that bid increments are to be made in € 5,000.00 at a time. Potential bidders/buyers will be held to their bids until a higher bid has been received. If the auctioneer awards a bid to a buyer, the relevant buyer is obliged to pay the amount due as defined in Article 3. In case of doubt concerning the validity of a bid, the previous bid can be accepted again, after which bidding can resume. In the event of any disputes arising with or during the bidding process, the decision of the notary shall be binding. Settlement of auction amounts and expenses 3.1 Immediately after completion of the auction buyers are obliged to settle amounts due in the auction office. If a buyer should fail to comply with this obligation, The Ten shall be entitled not to recognise the offer and to declare the auction invalidate, after which the purchased horse will again be made available for auction or alternatively the purchased horse is to be allocated to the second highest bidder. The buyer shall in this event be considered to be in legal default and shall be liable to compensate The Ten for any damage incurred, without prejudice to any other rights thatThe Ten may have. 3.2 The amount due shall be calculated as follows: Auction price + 6% commission charge + 1½% insurance (optional) + Invoice amount is exclusive of 21% Belgian VAT The balance shall become payable immediately. Payment is to be made by bank transfer and cash payment of the amount shall not be accepted. Settlement of any counter-claims is excluded. 3.3 The Ten is entitled to gather information on the financial situation of a specific bidder/buyer and participant to the auction and may decide to make the conclusion of an agreement with the relevant bidder/buyer conditional, based on the information obtained. 3.4 During settlement at the auction office, buyers have the option to conclude insurance for the horse that they purchased. This insurance is not concluded by The Ten. Auction Horses; liability 4.1 The horses offered in the auction are identified by origin, sex, color and year of birth, as stated in the catalogue.The Ten excludes liability with regard to health status, the performance and/or purpose of use of the horses to be auctioned. 4.2 The Ten cannot be held liable for damage to persons or property arising prior to, during or after the auction, except if such damage is caused by intent or deliberate recklessness on the part of The Ten or its subordinates. 4.3 The horses sold through the auction have been found to be in good condition following a radiographic test. A standard clinical examination (for sport horses) has been completed at the latest two weeks prior to the auction. 4.4 Veterinary findings can be provided upon the request of potential buyers prior to the auction and a more detailed explanation can be provided by Vanessa Buytaert, the auction veterinarian, or his substitute. Release and transfer of risk and ownership 5.1 Immediately after a bid on a horse has been accepted, any risks related to the purchased horse shall be transferred to the buyer and any responsibility and liability, as well as all risk factors are transferred to the respective buyer. The buyer shall indemnify The Ten from any claims brought by third parties. 5.2 Ownership of the purchased horse passes to the buyer at the time of release as defined in Article 5.3 of these terms and conditions, but not before the buyer has settled the full purchase amount and any other amounts due to The Ten resulting from non-compliance. 5.3 The buyer is obliged to take possession of the purchased horse at the place and time as specified by The Ten, or in the absence thereof, within the term defined in the auction catalogue and upon presentation of a valid identity document, if requested by The Ten. Delivery of the purchased horse takes place by means of its release. Release consists of collection of the purchased horse by the buyer. Release may only take place after settlement of the purchase price in full and any other amount due by the buyer. If the buyer should refuse release or if he/she should fail to provide information or instructions required for the release, The Ten shall remove the purchased horse and keep it in stables at the expense and risk of the buyer. The buyer shall then be obliged to compensate The Ten for any additional costs incurred, including stabling costs in any event. Shortcomings (including stable vices) 6.1 If a buyer finds that the horse purchased does not conform to the contract description after actual delivery, the buyer shall not be entitled to any recourse if the The Ten has not been informed thereof by registered letter within three weeks after the discovery . 6.2 The seller warrants, unless notified of such prior to the sale, that the horse purchased by the buyer does not suffer from any stable vices such as cribbing, systematic weaving or wood chewing for a period of 2 x 24 hours after actual delivery to the buyer. 6.3 If a veterinarian, registered as an inspection veterinarian for horses or a horse veterinarian should state in writing that one of the stable vices listed in Article 6.2 was established in his/her expert opinion prior to the date of actual delivery, the buyer shall be entitled to terminate the purchase agreement with all resulting consequences. Disputes 7.1 Any disputes with The Ten – including those that are considered as such by only one party – resulting from the purchase agreement concluded at the auction or following from these auction terms and conditions, shall be settled by the Court of Brussel, or if the buyer is a consumer as defined in the Belgian Civil Code, in an ordinary civil court upon his/her request, in which case only the Court of First Instance in Brussel shall be entitled to rule on the matter. 7.2 If the seller or The Ten intends to file proceedings and if the buyer is considered to be a consumer, he/she shall be given the opportunity to announce its decision pertaining to Paragraph 7.1 in writing within a period of one month. In the event of an urgent matter (summary procedure), the seller (casu quo The Ten) may decide to shorten that period to five business days. 7.3 In the event of a continuing dispute, The Ten may decide to initiate mediation between the buyer and the seller, at its own expenses and of its own free will. Mediation may be undertaken in accordance with the Court of Brussel.