b'6.PAYMENT OF THE PURCHASE PRICE6.1The purchaser of the Lot must pay the purchase price to the Auctioneer no later than two (2) Business Days after the Auction ends. 6.2When the purchaser pays the purchase price referred to in clause 6.1, the purchaser must also pay the Auctioneer the Buyers Premium.6.3The purchase price and Buyers Premium may be paid by:(a)electronic funds transfer; or(b)credit card (Mastercard, Visa or American Express only).7.DEFAULT7.1If the purchaser does not pay the purchase price for the Lot by the time specified in clause 6.1, the Vendor may:(a)sell the Lot by private treaty to the next highest Bidder; and(b)recover from the purchaser any other loss, damage, cost or expense associated with the resale of the Lot, including the difference between the purchase price and resale pricewhere the purchase price exceeds the resale price; or(c)abandon the Lot and recover the purchase price from the purchaser.7.2A purchaser that has defaulted on a payment obligation under these Online Auction Terms and Conditions does not have any interest (legal, equitable or otherwise) in the Lot, or any cause of action against the Vendor or Auctioneer.8.TITLE AND RISK8.1The Vendor warrants to the Auctioneer and Bidder that:(a)it has good title to the Lot;(b)it has proper authority to sell the Lot; and(c)there are no undisclosed encumbrances or security interests recorded in relation to the Lot at the time the Lot is intended to pass.8.2The Vendor:(a)acknowledges that the Auctioneer relies on the warranties in clause 8.1 when auctioning the Lot on behalf of the Vendor; and (b)agrees to indemnify the Auctioneer against any loss, damage, cost or expense it suffers or incurs in connection with it relying on the warranties in clause 8.1.8.3Title in the Lot does not pass to the purchaser until the Auctioneer has received the purchase price and Buyers Premium.8.4The purchaser assumes all risk in relation to the Lot from when the Auction ends. The Auctioneer is not liable to the purchaser for any loss or damage to the Lot that arises, occurs or becomes apparent after the Auction ends unless the loss or damage is caused by the negligence of the Auctioneer.9.CONDITION OF THE LOT9.1The Bidder accepts the Lot is offered for sale as is, where is with all defects and faults (if any).9.2The Auctioneer does not warrant or give any guarantee as to the condition or age of any Lot, or that any Lot is authentic, genuine, suitable, fit for purpose or of merchantable quality.9.3The Bidder acknowledges that any information provided by the Auctioneer in relation to any Lot:(a)reflects the information provided to the Auctioneer by the Vendor; and(b)has not been independently verified by the Auctioneer for completeness or accuracy. 9.4The Auctioneer is not liable for any loss, damage, cost or expense suffered or incurred by the purchaser arising out of or in connection with incorrect, incomplete or error in information provided about any Lot and the purchaser agrees to indemnify and release the Auctioneer from any claim, demand or cause of action in respect of these matters.'