Terms & Conditions

1.1 ACKNOWLEDGMENT AND ACCEPTANCE OF TERMS & CONDITIONS
The services available at http://www.cambridgeauction.co.uk are provided by Cambridge Students' Rag Appeal ("Cambridge RAG", "Cambridge Auction", "we", "us" or "our"), located at The Old Exam Hall, New Museums Site, Free School Lane, Cambridge, CB2 3RF. Use of our online bidding system (the "Bidding Facility") constitutes acceptance of the Cambridge Auction Terms & Conditions. These Terms and Conditions are applicable to your use of our Bidding Facility available under the domain and sub-domains at http://www.cambridgeauction.co.uk (the "Site"). If you do not agree to be bound by these Terms and Conditions, you may not use or access our Bidding Facility. By placing a bid on an item ("Asset") detailed on the Site, using the Bidding Facility, in order to act as a potential buyer in a transaction with Cambridge Auction, you become a "Bidder". These Terms & Conditions comprise the entire agreement between Bidder and Cambridge Auction and supersede all prior agreements between the parties, regarding the subject matter contained herein.

1.2 WHY BID?
The Bidding Facility is set up by Cambridge RAG to offer members of the general public the option of placing a bid in advance ("Advance Bid") of the Auction ("Event"). This cost of placing the Advance Bid is nil ("Free"). People using the Bidding Facility will usually, but not always, be doing so because they are unable to attend the Event, but still wish to have a chance of entering into a transaction with Cambridge Auction for a particular Asset.

1.3 WHO CAN BID?
All Bidders must be capable of forming legally binding relations under applicable law. The services provided by Cambridge Auction's Bidding Facility are not available to individuals under the age of 18 years old and any other individuals who are legally prohibited from, or otherwise incapable of, entering into binding contracts.

1.4 ASSET DESCRIPTIONS
Assets are listed along with a description and estimated price on the Site. In the majority of instances, a photo of the Asset is also provided. Whilst Cambridge Auction strives to ensure that these descriptions, estimated prices and photos are accurate, complete and up-to-date, Cambridge Auction can not guarantee, and will not be responsible for any damage or loss related to the accuracy, completeness or timeliness of the information. Such information is provided without warranty of any kind. In no event shall the Cambridge RAG (and our paid workers, volunteers, affiliates, and employees) be liable for any claims, demands and damages arising out of or in any way connected with the use of the Site, the delay or inability to use the Site, or any information or services obtained from the Site. Cambridge Auction advises all Bidders to attend the Event as method of increased diligence when Bidding.

1.5 RESERVE PRICES
For certain Assets, Cambridge Auction may impose a lower monetary limit upon which it is willing to sell an Asset for ("Reserve"). This Reserve is disclosed on the Site. If there are no bids above this Reserve, then Cambridge Auction is not obligated to sell the Asset.

1.6 BIDDING DEADLINES
Bidders may make a bid using the Bidding Facility at any time prior to the closing of the bidding. This deadline is at the sole discretion of Cambridge Auction. Bidding is set to close at noon on Monday, 9th June 2008. However, this date is subject to change and Cambridge Auction has no obligation to inform Bidders of changes to the Bidding Deadline and accept no responsibility for any damage or loss resulting from any confusion or misunderstanding that this may cause. After bidding closes the only remaining opportunity to bid is at the Live Auction on the evening of Monday 9th June.

1.7 WHEN BIDDING CLOSES
After bidding closes on each Asset on the Site, Cambridge Auction will contact the highest Bidder for each Asset by telephone and/or email to inform the Bidder that their bid was the highest of the Advance Bids received for that particular Asset (the "Highest Advance Bid"). The Asset will then be bid for at the Event, where the highest bid on the night ("Highest Event Bid") shall be established. The greater monetary bid between the Highest Event Bid and the Highest Proxy Bid shall be deemed the "Winning Bid". If the Winning Bid is the Highest Advance Bid, the Bidder who placed the Highest Advance Bid shall be legally obliged to purchase the Asset on which the Bidder bid. This shall occur in all cases with the exception of when the Winning Bid is smaller in monetary value than the Reserve, at which point Cambridge Auction is not obliged to sell the Asset.

1.8 THE NATURE OF THE WINNING BID
One should note that when using the Site's Bidding Facility, Bidders are placing Advance bids and not Proxy bids. Therefore, should a Bidder's Advance Bid become the Winning Bid, then it is this monetary value that Cambridge RAG shall accept and the Bidder shall be obliged to pay that amount - not a set increment above the second highest bid received.

1.9 PAYMENT
If a Winning Bid exceeds any Reserve set by Cambridge RAG, then the Bidder who placed the Winning Bid is legally obliged to enter a transaction with Cambridge Auction for the Asset as a "Buyer". The Buyer shall be required to pay Cambridge RAG in exchange for the Asset on which the Bidder placed the Winning Bid. Cambridge RAG should receive this payment in cheque form within 5 working days of the Event. Cheques should be valid and made payable to "Cambridge Students' RAG Appeal", before being sent to Cambridge Auction at The Old Exam Hall, New Museums Site, Free School Lane, Cambridge, CB2 3RF. Failure to pay in time by the Bidder in this case may result in legal action by Cambridge RAG.

1.10 CONTACT DETAILS
Any user of the Bidding Facility must enter their name, email address and telephone number in order for their bid to be valid. If any of these fields are not completed, the bid shall not be valid. Cambridge Auction reserves the right to accept and reject bids. Bidders are entirely responsible for any and all activities, which occur under a their name, email address and telephone number. Furthermore, Bidders agree to immediately notify Cambridge Auction of any unauthorized use of Bidder's contact details or any other breach of security known to the Bidder.

1.11 BINDING CONTRACT BETWEEN BIDDER AND CAMBRIDGE AUCTION
A bid made by a Bidder is an offer to purchase the asset from Cambridge Auction at the stated bid price. The bid is an irrevocable offer, subject only to material changes in the description of an asset made after such bid is placed by a Bidder. Bidders are required to conduct any research or due diligence of an Asset prior to making a bid. All Assets are listed and sold on an "as is" basis. If a Bidder bids on an Asset and that bid represents the Winning Bid for that asset, and the Winning Bid is above the Reserve price, the Bidder's bid is deemed accepted by Cambridge Auction.

Selected lots:

Signed David Tennant Picture

Trinity May Ball - Double Ticket

St John's May Ball - Double Ticket

Fly eagles, hawks, owls & falcons

Top Gear Tickets

Two Night Stay at the Belfry

Meet Status Quo

Tour of the Houses of Parliament

One years membership of The Atrium Club

The DeVere University Arms Head Chef, yours for the Night!

Meal for 10 cooked by Award winning chefs