CONDITIONS OF SALE
VIEWING (BY APPOINTMENT ONLY for 7 days before auction date)
The catalogue contains a Lot no, Description and Estimate for each lot. The description is for guidance only and as some items are of an age or nature that means they may not be in perfect condition, we advise you to examine the lots yourself before the auction starts. Please take care when handling items, all breakages and damage will be charged for. Viewing times are shown on the front of the catalogue. All items are offered for sale as viewed and are sold as seen. The auctioneer does not take responsibility for authenticity, origin or estimated price. All items are sold without any warranty or claim as to its suitability or fitness for its apparent purpose so as a prospective Buyer, you should use your judgement. The wording A/F within the description is an indication that the lot may not be in good condition. All electrical items are sold on the express condition that the winner ensures they are examined by a competent electrician before connecting them to any source of electricity.
Condition Reports will be supplied until 4 p.m. the day before auction day.
All sales are final and no refunds are given.
Some items have a reserve price. Where necessary, the Auctioneer will protect the reserve on an item and use his discretion up to 10%. If this price is not reached, the Auctioneer will record the item as unsold and move on to the next item.
The highest bidder as determined by the Auctioneer is the Buyer. The Auctioneer has absolute discretion to settle any dispute that may arise and to refuse bids or to advance the bidding as seen fit. His decision is final. These terms and conditions also apply to after-sale bids, timed auction bids and private treaty sales.
In cases of dispute these Conditions of Sale are governed by UK jurisdiction under English Law.
THE BUYER’S PREMIUM
This is the commission paid to the auctioneer by the Buyer over and above the highest bid value (often referred to as the Hammer Price) of each item. OUR BUYER’S PREMIUM IS 20% + VAT (total 24%). So if you are the highest bidder on an item with a £100 bid, the total cost to you is £124. Please take this into account when bidding.
Please note that any lots purchased via online bidding portals will be subject to an additional commission charge imposed on the hammer price in addition to our basic Buyers Premium. Please see the individual sites for rates of commission.
Certain works by living artists or artists deceased within the last 70 years will incur an Artist’s Resale Right royalty charge when sold with a hammer price of the sterling equivalent of €1000 or more.
We offer online bidding services via www.easyliveauction.com and www.the-saleroom.com
Please note that any lots purchased via online bidding portals will be subject to an additional commission charge imposed on the hammer price in addition to our basic Buyers Premium.
Please see the individual sites for rates of commission.
Payment must be made within 48 hours, by debit card or bank transfer, collection is by appointment only from our Bushey storeroom. Unless by prior arrangement, storage charges of £5 per item per day will be incurred thereafter. If payment is not received a week after the auction date, the bidder’s account will be blocked on all internet bidding sites (the comments are available to all auctioneers).
You are welcome to pay by cash, cheque, electronic bank transfer or debit card. Credit cards will only be accepted up to the value of £500. A 3% surcharge will apply to Business debit/credit cards and International debit/credit cards. We reserve the right to hold items paid for by cheque until the cheque has cleared.
Please note, once the Auctioneer has determined yours to be the winning bid, a legal contract is created and you are responsible for and obliged to pay for the item(s). If full payment is not received within two weeks after the auction date Bushey Auctions reserve the right to hand the bidder’s account over to our debt collection agency. In the event your account is passed for recovery please be advised you will be responsible for all additional costs which will include but not limited to debt recovery costs, legal costs, interest and storage charges. This will affect your bidder status at Bushey Auctions and any other auction houses as well as internet bidding sites and should the matter proceed through the courts this may affect your credit status. Bushey Auctions reserve the right to cancel the sale and re-sell the item(s) won and can also proceed against the Buyer for breach of contract. Any deposits or part payments shall be forfeited and the defaulter shall make good any loss arising from the resale, together with the charges and expenses in respect to both sales.
So please only bid up to the amount you are prepared to pay and make sure you allow for the Buyer’s Premium and VAT.
IF YOU CAN’T MAKE THE AUCTION, WE CAN BID FOR YOU
If you would like to bid for an item, we are happy to bid on your behalf. Please request a form by email or complete the Absentee/Commission bidding form found on our website stating the maximum you are prepared to bid (minimum bid £20). You can also bid over the telephone for lots estimated over £50. The form to book a telephone line is also found on our website.
All forms must be received by 4 p.m. the day before auction day. Please note that acceptance is not guaranteed. We require debit or credit card details for all absentee/commission/telephone bids as security for your bid and may require a deposit of 50% of your maximum bid. We will then bid for you up to your maximum, attempting to secure the item at the lowest required to beat all other bids. We will contact you if you if you are the winning bidder for the lot(s) and will arrange payment and collection with you.
Payment must be made within 48 hours and we reserve the right to charge the card given in full payment including all fees. Unless by prior arrangement, storage charges of £5 per item per day will be incurred thereafter.
HELP US TO IMPROVE
We hope you enjoy the event. There is always something that we can do better so please share your thoughts with us, either by talking to us or by e-mailing us at firstname.lastname@example.org.
If you’ve had a positive experience, tell your friends, if not please tell us first.
SELLING AN ITEM WITH US IN THE FUTURE
If we can be of service simply e-mail email@example.com or you are welcome to contact us on 020 8386 2552 or 07504 201202
RIGHT OF ADMISSION RESERVED
SELLING WITH BUSHEY AUCTIONS - VENDOR TERMS AND CONDITIONS
A commission charge of 20% of the hammer price will be deducted from the selling price
(min. £5 per lot) PLUS VAT on the commission.
The vendor warrants to BUSHEY Auctions that he/she is the true owner of the property (or has written authorisation from the true owner to sell the items) and has given BUSHEY Auctions full disclosure of the provenance and authenticity of the items entered.
The estimated selling prices are for guidance only and should not be regarded as the true guide to the actual sale price realised.
Reserve prices may be placed on items over £50. If the item does not sell an administration charge of 10% of the bottom estimate will be incurred. Where lots are entered without reserve, the lot may be sold to the highest bidder, whatever that price is. Lots sold with reserves may be sold at 10% below the reserve at the auctioneer’s discretion.
In the event a lot is withdrawn by the vendor more than 14 days prior to auction date, a charge of £25 or 5% of the lower estimate (whichever the greater) will be levied. In the event a lot is withdrawn by the vendor less than 14 days prior to auction date, a charge of £100 or 20% of the lower estimate (whichever the greater) will be levied.
BUSHEY Auctions reserve the right to move items to a later auction where necessary, to enter any unsold items into an online timed auction or to accept offers from buyers up to 14 days after the auction date. Unsold items may be entered into a future auction at the auctioneer’s discretion at a reduced estimate and reserve.
Unsold lots are to be collected from the storeroom by appointment. Unless by prior agreement, any unsold lots not collected after 14 days of the date of sale will incur a storage charge of £5 per day. Lots not collected after 3 months will be sold to defray expenses, the proceeds will go wholly to BUSHEY Auctions.
Unsold or withdrawn lots will not be released until all outstanding charges are settled in full.
Any offers for lots after auction are only to be negotiated through the directors of BUSHEY Auctions and any sale thereafter to BUSHEY Auctions customers, or which have been viewed through BUSHEY Auctions catalogues, viewing days, advertising and internet sites are deemed to be sold by BUSHEY Auctions and full vendors and buyers commissions are payable by the vendor.
A cheque (or BACS transfer) for the proceeds of the sale less all applicable charges will be mailed to the seller 28 days after the auction date - provided that BUSHEY Auctions has received full payment from the purchaser.
In the event of any disputes, BUSHEY Auctions reserves the right to cancel the sale and return
the item to the vendor. The vendor will be responsible for any costs incurred and to refund BUSHEY Auctions if the proceeds have been paid.
Collection of entries by BUSHEY Auctions will incur a minimum charge of £40.
Please note that goods entered into our sale are done so at your own risk and that you accept that BUSHEY Auctions are not liable for any damage or loss to your items while in our possession.
E. & O.E.