* The Reserve Price is the minimum price at which the auctioneer is authorised to sell the lot at auction. The lot may be sold to the highest bidder at or above the Reserve Price but the auctioneer is not authorised to accept a bid below the Reserve Price.
The Reserve Price will only be disclosed once it has been met during bidding and not before.
The term "reserve not to exceed £..." means that the seller's lowest acceptable sale price will not exceed the quoted figure. The reserve price will not be set above this figure. However, it could be set at, or indeed below, the "reserve not to exceed" figure stated.
Reserve prices are subject to change up to the date of the auction.
At the commencement of marketing a starting price is to be announced. The starting price will be published 24 hours before bidding opens.