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Auctions (Bidding Agreements) Act 1927

17 & 18 Geo. 5 c. 12 · Enacted 29 July 1927 · Extends to England, Wales and Scotland

Up to date with all changes known to legislation.gov.uk, revised to 22 July 2004.

An Act to render illegal certain agreements and transactions affecting bidding at auctions.

[29th July 1927]C1C2

Annotations to the whole text

Modifications

C1

Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3

C2

A dagger appended to a marginal note means that it is no longer accurate

Contents

  1. 1Certain bidding agreements to be illegal.
  2. 2Right of vendors to treat certain sales as fraudulent. Repealed
  3. 3Copy of Act to be exhibited at sale.
  4. 4†Short title, commencement and extent.

1Certain bidding agreements to be illegal.C1

(1)

If any dealer agrees to give, or gives, or offers any gift or consideration to any other person as an inducement or reward for abstaining, or for having abstained, from bidding at a sale by auction either generally or for any particular lot, or if any person agrees to accept, or accepts, or attempts to obtain from any dealer any such gift or consideration as aforesaid, he shall be guilty of an offence under this Act, and shall be liable on summary conviction to a fine not exceeding F1£400, or to a term of imprisonment for any period not exceeding six months, or to both such fine and such imprisonment:

Provided that, where it was proved that a dealer has previously to an auction entered into an agreement in writing with one or more persons to purchase goods at the auction bona fide on a joint account and has before the goods were purchased at the auction deposited a copy of the agreement with the auctioneer, such an agreement shall not be treated as an agreement made in contravention of this section.

(2)

For the purposes of this section the expression “dealer” means a person who in the normal course of his business attends sales by auction for the purpose of purchasing goods with a view to reselling them.

(3)

In England and Wales a prosecution for an offence under this section shall not be instituted without the consent of the Attorney-General F2. . ..

2Right of vendors to treat certain sales as fraudulent.

F1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3Copy of Act to be exhibited at sale.C1

The particulars which under section seven of the M1Auctioneers Act, 1845, are required to be affixed or suspended in some conspicuous part of the room or place where the auction is held shall include a copy of this Act, and that section shall have effect accordingly.

4†Short title, commencement and extent.

(1)

This Act may be cited as the Auctions (Bidding Agreements) Act, 1927, . . . F1

(2)

This Act shall not extend to Northern Ireland.