Buying
Sellers pay NO COMMISSION on lots selling for £5,000 and over
The following is designed to give you important and useful information on how to buy at auction. We advise you read the information carefully prior to bidding.
How to buy at auction Scotsman 20th July 2006
Estimates/Guide Prices
Guide prices or estimates are intended as a guide for prospective buyers. Any bid between the high and low guide price would, in our opinion, offer a chance of success. However, all lots can realise prices above or below the guide price. It is advisable to consult us nearer the time of sale as guide prices can be subject to revision. The guide prices printed in the auction catalogue do not iinclude buyers premium or VAT.
Condition of Lots
Prospective buyers ar encouraged to inspect the items during our view. Viewing takes place on the Thursday 10.00 a.m. until 7 p.m. Friday 10.00 a.m. until 4 p.m. prior to the sale. On the Saturday of the sale viewing is 8.30 a.m. until 9.45 a.m. with the sale commencing at 10.00 a.m. Lots are sold "as seen" and their condition cannot be guaranteed.
If you require a condition report before the sale then call or email an auctioneer who will offer their best advice.
Bidding at Auction
Bids may be executed in person by "paddle" during the auction or, in writing prior to the sale on the appropriate form. Commission or telephone bids. telephone bids may only be placed for items over £500.
Bidding in Person
IIf you intend to bid, you will need to register in advance and use your numbered "paddle" to bid. Should you be the successful buyer of a Lot, please ensure that your paddle can be seen by the auctioneer and that it is your number that is called out. Should there be any doubts as to price or buyer, please draw the auctioneer's attention to it immediately.
All Lots sold will be invoiced to the name and address in which the "paddle" has been registered and cannot be transfered to other names and addresses.
Please do not mislay your "paddle"; in the event of loss, inform the cash desk iimmediately.
Absentee & Telephone Bids
If you cannot attend the auction, you can nominate a third party to execute bids on your behalf, or alternately we will be happy to execute written bids on your behalf. A commission bid form alows this. The service is free and confidantial. Lots will always be bought as cheaply as is consistent with other bids and the reserves. In the event of identical bids, the earliest receveid will take precedence.
Telephone absentee bids must be confirmed before the sale by by registration of the completed telephone bid form and sent in writing. To ensure a satisfactory service, please ensure we receive your bids at least 24 hours before the auction.
VAT
Value Added Tax (VAT) wil be payable on the Buyers Premium. The hammer price, plus 15% and then Vat on the 15% . If you are VAT registered, your VAT number wil be required.
The Auction
The auction is governed by the Conditions of Business. These apply to all aspects of the relationship between Shapes Auctioneers and actual and prospective bidders and buyers. Anyone considering bidding in the auction should read them carefully. They may be amended by way of notice posted in the saleroom or by way of announcement made by the auctioneer.
Payment
Payment is due within 5 working days of the sale and items need to be removed within 10 working days. There is no charge for paying by credit card. Visa, Mastercard, Debit Cards, Connect & Switch are accepted.
Cheques should be made payable to Shapes Auctioneers. Although personal and company cheques drawn in Sterling on UK banks are accepted, you are advised that property wil not be released until such cheques have cleared.
You may wish to make a bank transfer, in this instance please contact the auction department who will be happy to issue the appropriate details.
Should you also be a vendor in the sale, a contra deal can be arranged by prior agreement.
Storage and Collection.
Following the sale all items need to be collected within 10 workign days. Thereafter a storage fee of £10 per lot, per day wil be charged. Buyers may either arrange their own collection or can be referred by Shapes of reliable carriers.
If you are picking up yourself please remember to bring packaging and boxes. Due to health and safety reasons we are not able to keep these items on the premises.
