"Buyer's Premium" a commission payable by the Buyer on the completion of a Sale the amount of which is set out in the Special Conditions The Auctioneer, when acting as Agent for the Seller, may also receive commission from the Seller. “Buyer” any person who agrees to purchase any Lot whether at Auction or by private treaty or tender and as determined under General condition 7.9 below “Bid” an offer to purchase any Lot whether by bidding at Auction or offering to purchase by private treaty or tender, and “Bids” and “Bidding” shall be construed accordingly “Bidder” any person who offers to purchase any Lot whether by bidding at Auction or offering to purchase by private treaty or tender “Auctioneer” the person conducting the Auction or to whom the conduct of the Auction is delegated under General Condition 7.12 below
“Auction” any auction (whether a Live Auction or an Online Auction and whether conducted independently or simultaneously) conducted pursuant to these General Conditions and the Special Conditions In these General Conditions the following definitions apply:
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