Information for Buyers
Public viewing for this auction will be held on Monday 6th January and Tuesday 7th January.
Telephone bids must be booked before 5pm on Tuesday 7th January. No telephone bids will be accepted on the day of the auction.
Condition Reports
Trevanion Auctioneers & Valuers LLP take great care to ensure that any statements as to attribution, age, date, origin, provenance and condition are reliable and accurate but it should be noted that all such statements are skilled opinions prepared with due care, if provenance (written or historical fact) cannot be produced. However, Trevanion Auctioneers & Valuers do not guarantee that condition reports, whether included in the catalogue, or given at a later time, cover all aspects of an item(s) condition.
1. INTRODUCTION
The following informative notes are intended to assist Buyers of Trevanion Auctioneers and Valuers LLP (henceforth referred to as Trevanion), particularly those inexperienced or new to our saleroom or online bidding platforms. All sales are conducted according to our printed Conditions of Sale which are readily available for inspection in person and on our websites. Our staff will be happy to help you if there is anything you do not fully understand.
2. AGENCY
As auctioneers we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. Accordingly, if you buy, your primary contract is with the seller.
3. ESTIMATES
Estimates are designed to help buyers gauge what sort of sum might be involved for the purchase of a particular lot. The lower estimate may represent the reserve price or may be above the reserve price. Estimates do not include the Buyer’s Premium or VAT (where chargeable). Estimates are prepared some time before the auction and may be altered by announcement before the sale. They are in no sense definitive.
4. BUYER’S PREMIUM
The Conditions of Sale oblige buyers to pay a buyer’s premium of 24% on the hammer price of each lot purchased. In addition VAT is payable on this premium at the standard rate, presently 20%.
5. VAT
The addition of (*) or (VAT applied on hammer price) to the lot description indicates that VAT is payable by the purchaser at the standard rate, presently 20%, on the hammer price as well as being payable on the buyer’s premium. This imposition of VAT is likely to be because the seller is registered for VAT within the European Union and is not operating the Dealers Margin Scheme or because VAT is due at 20% on importation into the UK. Lots which appear without either of the above symbols indicate that no VAT is payable on the hammer price. This is because such lots are sold using the Auctioneers’ Margin Scheme and it should be noted that the VAT included within the premium is not recoverable as input tax.
6. ARTIST’S RESALE RIGHTS / DROIT DE SUITE
Lots as indicated in the catalogue and if sold for the equivalent of €1000 or more on the day of the auction will be subject to a further percentage of the hammer price as follows: From €0 to €50,000 subject to 4% From €50,001 to €200,000 subject to 3% From €200,001 to €350,000 subject to 1% From €350,001 to €500,000 subject to 0.5% Exceeding €500,000 subject to 0.25% The Artist’s Resale Right payable will be the aggregate of the amounts payable under the above rate bands, subject to maximum royalty payable of €12,500 for any single work each time it is sold. Calculations of the artist’s resale right will be based on the pound sterling/Euro reference exchange rate quoted on the date of sale by the European Central Bank.
7. AGENTS
We are, primarily, agents for the seller. We are dependent on information provided by the seller and whilst we may inspect lots and act reasonably in taking a general view about them we are normally unable to carry out a detailed or any examination of lots in order to ascertain their condition in the way in which it would be wise for a buyer to do. Intending buyers have ample opportunity for inspection of goods and, therefore, accept responsibility for inspecting and investigating lots in which they may be interested. Please note carefully the exclusion of liability for the condition of lots contained in the Conditions of Sale. Neither the seller nor we, as the auctioneers, accept any responsibility for their condition. In particular, mechanical objects of any age are not guaranteed to be in working order nor or wristwatches, watches, clocks or timepieces.
8. ELECTRICAL GOODS
These are sold as ‘antiques’ or ‘decorative’ items only and if bought for use must first be checked for compliance with safety regulations by a qualified electrician.
9. COLOURED GEMS
It is common practice for gemstones to be treated in order to enhance colour and clarity. Unless stated, buyers should presume coloured stones may well have been exposed to some sort of treatment.
10. EXPORT OF GOODS
Buyers intending to export goods, should ascertain
(a) whether an export licence is required and
(b) whether there is any specific prohibition on importing goods of that character because, e.g. they may contain prohibited materials such as ivory.
11. BIDDING
Bidders are required to register with us before the sale commences and lots will be invoiced to the name and address on the registration form. Photographic identification is required if you are unknown to us. Please enquire in advance about our arrangements for telephone bidding.
12. ABSENTEE BIDDING (COMMISSION & TELEPHONE BIDDING)
Absentee bids may be left with the auctioneers indicating the maximum amount to be bid excluding the buyers’ premium. They will be executed as cheaply as possible, with regard to the reserve (if any) and competing bids. If two buyers submit identical absentee bids the auctioneers may prefer the first bid received. Please enquire in advance about our arrangements for leaving absentee bids by telephone or email. Please ensure bids are left at least one hour prior to the start of the auction.
If you would like to telephone bid, this must be requested and booked by 5pm the day before the auction. Telephone lines are allocated the night prior to the auction and as such, no telephone bid requests can be processed on auction day.
13. LIVE ONLINE BIDDING
(a) An online bidding service is offered via auctions.trevanionanddean.com, easyliveauction.com and the-saleroom.com. In completing the bidder registration on these sites the buyer is agreeing to Trevanion Auctioneers & Valuers LLP Conditions of Sale.
(b) Please note that any lots purchased online whether live bidding or absentee bidding, will be subject to an additional commission charge as outlined below:
Trevanion Live an additional 2% + VAT
easyliveauctions.com an additional 3% + VAT
the-saleroom.com an additional 4.95% + VAT
(c) Trevanion offers online bidding services as a convenience to its clients, but neither Trevanion nor the seller will be responsible to you for errors during or after the sale or failures to execute bids, either live bids or absentee bids placed on the internet or on your mobile device, including, without limitation, errors or failures caused by:
(i) any loss of connection to the auction being conducted online;
(ii) a breakdown or problems with the online bidding software or the website service provider; and/or
(iii) a breakdown or problems with any internet connection, computer, mobile device or system.
14. METHODS OF PAYMENT
Payment for items purchased at auction can be made via bank transfer or debit card.
Debit or credit card payments will not be accepted on items of silver or gold, or invoices over £1000 purchased at our auctions. Payments for these items must be made via bank transfer prior to collection.
All international payments must be made via Bank Transfer (Credit or debit card payments will not be accepted).
We do not accept payment by cash or cheque.
Trevanion do not take payments from buyers cards registered with the-saleroom.com, please contact our accounts department directly to arrange payment.
Any invoice not settled within one week of the auction will incur a £20+ VAT late payment charge.
Payments for purchases by credit or debit card in our auctions can only be processed in person or via telephone in order to comply with the Payment Card Industry Data Security Standard (PCI DSS). We are unable to process payment details given electronically (this includes email and text), this will help to protect our business and our customers from the increasing risk and growing threat of card fraud. Thank you for your co-operation in this matter, please telephone our Accounts Manager on 01948 800 202 or arrange a bank transfer, details of which are provided on your invoice.
Your attention is drawn to our Terms and Conditions at trevanion.com