Conditions of Sale for Vendors

1.

Commission Rates are 15% plus VAT (the VAT being on the commission not the sale price), plus £1.50 per lot for insurance, plus £5 lotting fee per lot.

2.

The seller must confirm that they are the sole owner of all lots or have authority from the owners that these items can be sold or that they are the executor or administrator of the estate from which the items may be sold

3.

The seller must check all reserves and if no reserves are given then notify the auctioneers should a reserve be required.

4.

All reserves have 10% discretion unless a fixed reserve is specifically agreed by the auctioneer in which case the reserve should be marked with an asterisk

5.

Where no reserve is given the auctioneers reserve the right to sell the item at their discretion to the highest bidder or at a price the auctioneer  sees fit

6.

The seller may be paid in cash or by cheque, in the latter case cheques will be sent out within 30 days of the sale. Payment will not be made until the goods have been paid for.

7.

In the event of goods not being paid for twenty days after the sale the auctioneers may take steps necessary to recover the purchase price, (this could include debt collection, re-sale or legal action) dependent on the circumstances

8.

Where transport is arranged the transport fee is to be paid by the seller to the transport contractor.

9.

Where an item is unsold and the vendor fails to provide new instructions or collect the item, the auctioneers reserve the right to sell or dispose of such items at the expense of the vendor. It is the responsibility of the Vendor to contact the Auctioneers with regard to any possible unsold items.

10.

Should an item be withdrawn from a sale once the advert or catalogue has been produced the auctioneers reserve the right to charge the normal sale commission on the reserve or estimated price

11.

If any lot is an asset of the seller’s business the seller must notify the  auctioneers whether he is registered for VAT and if so his VAT registered number or if he intends to operate the VAT used Goods Scheme