Live bidding may start higher or lower
Buyer's Premium
£1 - 100,000:23.0%
£100,001 - 500,000:18.0%
£500,001 - 1,000,000:15.5%
£1,000,001+:13.0%
Bidding Increments
| From: | To: | Increment: |
|---|
| £0 | £49 | £5 |
| £50 | £199 | £10 |
| £200 | £219 | £20 |
| £220 | £279 | £30 |
| £280 | £319 | £20 |
| £320 | £379 | £30 |
| £380 | £419 | £20 |
| £420 | £479 | £30 |
| £480 | £499 | £20 |
| £500 | £999 | £50 |
| £1,000 | £1,999 | £100 |
| £2,000 | £2,199 | £200 |
| £2,200 | £2,799 | £300 |
| £2,800 | £3,199 | £200 |
| £3,200 | £3,799 | £300 |
| £3,800 | £4,199 | £200 |
| £4,200 | £4,799 | £300 |
| £4,800 | £4,999 | £200 |
| £5,000 | £9,999 | £500 |
| £10,000 | £19,999 | £1,000 |
| £20,000 | £21,999 | £2,000 |
| £22,000 | £27,999 | £3,000 |
| £28,000 | £31,999 | £2,000 |
| £32,000 | £37,999 | £3,000 |
| £38,000 | £41,999 | £2,000 |
| £42,000 | £47,999 | £3,000 |
| £48,000 | £49,999 | £2,000 |
| £50,000 | £99,999 | £5,000 |
| £100,000 | £199,999 | £10,000 |
| £200,000 | £219,999 | £20,000 |
| £220,000 | £279,999 | £30,000 |
| £280,000 | £319,999 | £20,000 |
| £320,000 | £379,999 | £30,000 |
| £380,000 | £419,999 | £20,000 |
| £420,000 | £479,999 | £30,000 |
| £480,000 | £499,999 | £20,000 |
| £500,000+ | | £50,000 |
CONDITIONS OF BUSINESS (March 2008)
Invoice will be sent thru Invaluable Invoicing system.
CONVENIENCE FEE: All payments made by paypal and credit cards - ADD 3% fee.
Makes payment on Paypal to ------------ Janet@artforsale.com
If you wish to pay by credit card, send the following in 2 EMAILS with information on each as stated below. If you prefer to call, we can be reached at 843.706.3141 or you can leave same information on voice recorder if we are unavailable to take your call.
Email #1
8 digits of cc
Exp date
Billing address & zip
Email #2
Final digits of cc
3 or 4 digit code
If you want to add to your auction purchase, additional unframed art can usually be added with NO ADDITIONAL SHIPPING costs!
Shipping Information
Collection of the lot from Chorley's saleroom is the buyer's responsibility. It may be possible (at Chorley's discretion only) for us to pack and post WITHIN THE UK ONLY some smaller non-fragile items - it is recommended that you check if this service will be available for your lot BEFORE you bid. Where available, Chorley's will discuss packing and posting charges and will require your written authorisation to proceed. For shipping outside the UK, please visit www.chorleys.com where our Shipping page provides contact details for suitable carriers.
PAYMENT
(1) Immediately a lot is sold you will:
(a) give to us, if requested, proof of identity, and
(b) pay to us the total amount due in cash or in such other way as is agreed by us.
(2) Any payments by you to us may be applied by us towards any sums owing from you to us on any account whatever, without regard to any directions of you or your agent, whether express or implied.
BUYERS PREMIUM
The Conditions of Sale oblige buyers to pay a buyer's premium on the hammer price of each lot purchased at the following rates. Where thresholds apply, the higher premium rate will apply to the portion of the bid price up to the threshold and the lower premium rate will apply to the portion of the bid price in excess of the threshold.
20% on the first £100,000
15% on the excess between £100,001 and £500,000
12.5% on the excess between £500,001 and £1,000,000
10% on the excess over £1,000,001
In addition, VAT is added to this premium (see Conditions of Business).
BUYERS PREMIUM
The Conditions of Sale oblige buyers to pay a buyer's premium on the hammer price of each lot purchased at the following rates. Where thresholds apply, the higher premium rate will apply to the portion of the bid price up to the threshold and the lower premium rate will apply to the portion of the bid price in excess of the threshold.
20% on the first £100,000
15% on the excess between £100,001 and £500,000
12.5% on the excess between £500,001 and £1,000,000
10% on the excess over £1,000,001
In addition, VAT is added to this premium (see Conditions of Business).
VALUE ADDED TAX
The asterisk symbol next to a lot number (*) indicates that VAT is payable by the buyer at the standard rate on the day of the auction on the hammer price as well as being an element in 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 on importation into the UK. The double asterisk symbol (**) indicates that the lot has been imported from outside the European Union and the present position is that these lots are liable to a reduced rate of VAT (5%) on the gross lot price (i.e. both the hammer price and the buyer's premium). 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.
DESCRIPTIONS AND CONDITION.
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 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 and books are not guaranteed to be complete. However, in so far as we have examined the goods and make a representation about their condition, we shall be liable for any defect which that examination ought to have revealed to the auctioneer but which would not have been revealed to the buyer had the buyer examined the goods. Additionally, in specified circumstances, lots mis-described because they are 'deliberate forgeries' may be returned and repayment made, within a three-week time limit from the date of sale. The expression 'deliberate forgery' is defined in our Conditions of Sale. We are unable to undertake condition reports on the day of an auction.
