Buying and Selling

Please note rates differ for Classic Car, Motorcycles & Automobilia auctions - please see at bottom of this page.

 


 

Bidding Procedure

A number system is operated in our saleroom and prospective purchased must register their names and addresses before the sale. Lots are catalogues with an estimated selling price which excludes the buyer's premium. The estimates are not definitive and are subject to revision.

 

Conditions of Lots and Condition Reports

Imperfections to lots catalogued are not normally stated, however, the damage noted in a catalogue is intended to be of assistance to buyers, but in no way guarantees that lots are free of any other damage not listed. In all cases intending purchasers must still be responsible for determining the condition themselves.

 

Value Added Tax

The symbol * after any lot number indicates that VAT is payable by the purchaser at the standard rate on the hammer price. For lots which appear without the above symbol, VAT at the standard rate with be payable on the premium but not the hammer price.

 

Buyer's Premium

All lots are sold subject to payment of a buyer's premium of 20% including VAT. (cars, bikes, boats & vintage tractors 15% including VAT).

 

Commission Bids

All bids should be with us at least one hour before the start of the sale. Please ask for our Commissions Department. All bids made by telephone are repeated and subject to our Conditions of Sale. Bids are carried out free of charge and lots will be bought as cheaply as is allowed by such other bids and reserves as are on our books. Accounts for successful bids are due for settlement within 3 days whether or not collected.

 

Telephone Bidding (Antique & Fine Art and Classic Car Sales only)

A very limited number of telephone lines are available. Telephone bidding can only be arranged for the major lots and at the discretion of the Auctioneers. Early book of telephone lines is essential. The Auctioneer or his staff may be unable to contact the intended bidder at the desired time and such requests therefore will be entirely at the bidder's risk.

 

Terms of Payment

Payment of accounts may be made by cash, we also offer the facility to pay by debit/credit card and BACS/IBAN. Other arrangements should be made with our Chief Cashier. All goods must be paid for by 5pm on the Monday following the sale.

 

Collection & Delivery of Goods

Delivery: Purchasers requiring arrangements to be made should leave details when settling their accounts. A charge for storage will be levied at £1 per day per lot after 5 days. Collection: Small items may be collected during the sale, the saleroom remaining open for one hour after the sale of the last lot. Monday 9am to 5pm.

 

Droit de Suite (Artist’s Resale Regulations)

From 14th February 2006 all UK art market professionals (which includes, but is not limited to: auctioneers, dealers, galleries, agents and other intermediaries) are required to collect a royalty payment for all works of art that have been produced by living artists. This payment is only calculated on qualifying works of art which are sold for a hammer price more than the UK sterling equivalent of EURO 1,000 – the UK sterling equivalent will fluctuate in line with prevailing exchange rates.
It is entirely the responsibility of the buyer to acquaint himself with the precise EURO to UK sterling exchange rate on the day of the sale in this regard, and the auctioneer accepts no responsibility whatsoever if the qualifying rate is different to the rate indicated.

 

All items in this catalogue that are marked with DDS are potentially qualifying items, and the royalty charge will be applied if the hammer price achieved is more that the UK sterling equivalent of EURO 1,000. The royalty charges are passed on to the Design and Artists Copyright Society (‘DACS’) no handling costs or additional fees with respect to these charges will be retained by the auctioneers.

 

The royalty charge that will be applied to qualifying items which achieve a hammer price of more than the UK sterling equivalent of EURO 1,000 but less than the UK sterling equivalent of EURO 50,000 is 4%. For qualifying items that sell for more than the UK sterling equivalent of EURO 50,000 a sliding scale of royalty charges will apply – for a complete list of the royalty charges and threshold levels, please see www.dacs.org.uk. There is no VAT payable on this royalty charge.

 

Glossary of Artists

Terms used by the auctioneer have the meanings ascribed to them below and any statements as to authorship, attribution, origin, date, age, provenance and condition, is an opinion and is not be taken as statement or representation of fact.

 

  • Full Name(s) or recognised title of an artist, without any qualifications
    • In our opinion a work by the artist.

  • Initials of the forename(s) and the surname of the artist
    • In our opinion a work of the period of the artist which may be wholly or in part his work.

  • Surname only of the artist
    • In our opinion a work of the school or by one of the followers of the artist.

  • 'Attributed to …"
    • In our opinion probably a work by the artist in whole or in part.

  • 'Manner of …' or 'Circle of …'
    • In our opinion a work executed in the artists style, or showing his influence, either of the period or at a later date.

  • 'After ….'
    • In our opinion a copy of any date of a work by the artist.

  • 'signed …' / 'dated …' / 'inscribed …'
    • In our opinion a work by the artist.

  • 'bears signature …' / 'bears date …' / 'bears inscription …'
    • In our opinion appears to be any another hand.

 


 

Some of our commission rates and buyers premiums are different for our Classic Car, Motorcycles & Automobilia auctions to those for other sale categories. Details are as follows:

 

Sellers

  • Commission on vehicles (cars, motorbikes, boats & vintage tractors) is 5%, no loss and damage cover is offered on these items, vendors should keep their own insurance in place and inform their insurer.

  • Commission on automobilia is 15% plus 1% loss and damage.

  • Entry to the catalogue for vehicles is as follows, cars £100 for a full page illustrated entry, motorbikes £50 for an half page illustrated entry. Larger insertions by discussion. This is payable whether the lot is sold or not.

  • All plus VAT at the current rate.

 

Buyers

  • Premium on vehicles (cars, bikes, boats & vintage tractors) is 15% including VAT.

  • Premium on automobilia is 20% including VAT.

  • All other terms and conditions detailed in our Auction Information section apply

 


 

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