Important Buyer Information
Important Information for
Bidders and Buyers
Each auction is prepared in advance and is on public view at the saleroom for one day before the sale, and the morning of the sale. No passes or appointments are required.
CONDITIONS OF BUSINESS
All lots are offered subject to Catherine Southon Auctioneers & Valuers Ltd’s Conditions of Business.
ESTIMATES AND RESERVES
Estimates are published as a guide only and are subject to review. The actual hammer price of a lot may be higher or lower than the range of figures given and there are no predetermined starting prices. Estimates may be subject to revision. Published estimates are exclusive of buyer’s premium and VAT.
All lots are subject to reserves. The reserve price is never higher than the low pre-sale estimate.
BUYER’S PREMIUM AND VAT
A buyer’s premium of 21.6% is applicable to all the lots in this sale.
The buyer’s premium is inclusive of VAT at the current standard rate (20%). Lots are normally offered for sale under the auctioneers margin scheme and VAT is payable on the buyer’s premium by all buyers.
Lots marked with a dagger ϯ will be offered under normal UK VAT rules and VAT will be charged on both the hammer price and the buyer’s premium.
All auctions are on public view the day before the sale and on the morning of the sale.
All prospective bidders are encouraged to attend the pre-sale exhibition and view the lots in person. If this is not possible, we will be pleased to provide a brief condition report where practical. All condition reports are provided in good faith. Buyers are reminded that it is their responsibility to satisfy themselves of the condition of lots. All weights and measurements are approximate only. Please refer to Conditions of Business for further information.
BIDDING IN PERSON
To bid with us you must register to obtain a bidding number. You will be asked to provide proof of identity. All lots sold will be invoiced in the name and address in which the paddle has been registered and will not and cannot be transferred to other names or addresses. If you instruct an agent to bid on your behalf, you will need to provide a letter of authority to this effect.
ABSENTEE & TELEPHONE BIDDING
Catherine Southon Auctioneers & Valuers Ltd is pleased to execute bids on behalf of clients unable to attend the sale in person. All bids should be submitted in writing and in good time, no later that 11.00am on the morning of the sale. Lots will be purchased as cheaply as possible (subject to other bids received, reserves and competition in the saleroom).
It will be possible to arrange auction room telephone bidding, but subject always to the availability of lines and staffing. These services are offered free of charge and are subject to our Conditions of Business.
Payment is due in sterling immediately after the sale and before purchases can be released. Payment in person can be made in the saleroom on the day of the auction. After this, payments must be made by post, card transactions by telephone or electronic transfer to our bank. Catherine Southon Auctioneers & Valuers Ltd welcomes the following methods of payment:
We are pleased to accept major Credit Cards, for which a surcharge will be made of 3% of the transaction total. This is to cover the charge made to us by the bank. (Unfortunately we are unable to accept American Express). There is no charge for payments by Debit Card.
STERLING BANKER’S DRAFT RO BUILDING SOCIETY CHEQUE
We are pleased to accept a Sterling Banker’s Draft or a Building Society cheque drawn on a recognised UK bank or building society.
STERLING CHEQUE OR CASH
Cheques are not acceptable tender unless agreed in advance with Catherine Southon Auctioneers & Valuers Ltd.
Cash payments will not be accepted above the amount of £6,000.
ELECTRONIC AND WIRE TRANSFERS
Wire transfers can be made directly to our bank account.