Buying At Auction
Attending the auction
You will be asked to register to bid and will be given a paddle with a number. This will help you bid clearly and will avoid any misunderstanding. When making a bid, it will be assumed that you have satisfied yourself in advance as to the condition and description of the lot and the conditions of sales. The former is usually done through attending the viewing, the latter through obtaining a copy of the conditions of sales.
Unable to attend?
Instruction to bid form
If you are unable to attend an auction, we are happy to undertake placing of bids on your behalf. This means that, with your written permission, we act as your representative to secure an item for you at the lowest possible price.
You simply complete an "instructions to bid" form, giving your price limit for any specific lot. This should be the maximum hammer price that you are prepared to pay, remembering to take into account the additional buyer's premium.
An alternative for higher value lots is to make a telephone bid. This is particularly appropriate if you want to place your own bids on a specific lot even though you cannot attend the sale yourself. Telephone bids must be booked in advance with our office. They are available on a first-come first-served basis and may be subject to a minimum lot value. On the day of the sale, a representative will telephone you about five lots before your lot comes under the hammer. When this happens, you will be talked through the bidding and asked at each stage if you wish to continue, either until you are successful or until you choose to cease bidding.
After the auction
If you are a successful bidder, the price you pay is the amount at which the auctioneer's hammer falls (the hammer price), plus a 15.25% (plus 21% VAT) buyer's premium (a percentage of the final hammer price), total fee 18.45%. You are issued with an invoice made out to the name on your Registration Form, which may not be subsequently altered. The invoice breaks down these cost elements.
A bidder has bought the lot when the hammer falls, but under certain circumstances our auctioneer may elect to re-open the bidding.
Full and clear title will not pass to the buyer until the lot has been paid for in full, but each lot is at the risk of the buyer once the hammer has fallen. Items cannot be released until full payment of the good has been made.
Items should be collected within five days of the auction, Buyers who wish to collect purchases after that should consult with a member of our staff. Failure to collect within the agreed deadline may lead to purchases being resold by the auctioneer and any differance shall be made good by the defaulting buyer. Sales can not be cancelled after the auction.
All Lots are being sold under the auctioneers Vat Margin Scheme unless otherwise specifically referred to by the Vendor. (Please note all invoices are clearly endorsed 'Margin Scheme - this invoice does not give the right to an input credit of VAT')
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