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This version of this statute is extracted from the UK Statute Law Database (SLD). It is not necessarily in the form in which it was originally enacted but is a revised version, which means that any subsequent amendments to the text and other effects are incorporated with annotations.
There are effects on this legislation that have not yet been applied to SLD for the following year: 2004. See the Tables of Legislative effects and the Update status of legislation page on the SLD website.
An Act to render illegal certain agreements and transactions affecting bidding at auctions.
[29th July 1927]
C1Words of enactment omitted under authority of Statute Law Revision Act 1948 (c. 62), s. 3
C2A dagger appended to a marginal note means that it is no longer accurate
(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. . ..
F1Figures substituted by Criminal Justice Act 1967 (c. 80), Sch. 3 Pt. I
F2Words in s. 1(3) repealed (30.9.1997) by 1997 c. 60, s. 3(2)(3),Sch.
C1S. 1 amended by Auctions (Bidding Agreements) Act 1969 (c. 56), s. 1
Any sale at an auction, with respect to which any such agreement or transaction as aforesaid has been made or effected, and which has been the subject of a prosecution and conviction, may, as against a purchaser who has been a party to such agreement or transaction, be treated by the vendor as a sale induced by fraud:
Provided that a notice or intimation by the vendor to the auctioneer that he intends to exercise such power in relation to any sale at the auction shall not affect the obligation of the auctioneer to deliver the goods to the purchaser.
C1S. 2 excluded by Auctions (Bidding Agreements) Act 1969 (c. 56), s. 3(4)
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.
C1S. 3 extended by Auctions (Bidding Agreements) Act 1969 (c. 56), s. 4
M11845 c. 15.
(1)This Act may be cited as the Auctions (Bidding Agreements) Act, 1927, . . . F1
(2)This Act shall not extend to Northern Ireland.
Auctions (Bidding Agreements) Act 1927