In a timed auction, there is no auctioneer taking bids from a live audience in a room. Instead, bids can be placed online, on each lot for a defined period of time. Once the time-period expires, the bidder who has submitted the highest bid wins the lot, provided the bid exceeds the reserve price. Note that the online surcharge is a reduced 3%+VAT.
Max bids (competitive bidding)
As a bidder, you can enter a max bid – the most you are willing to bid, and we do the rest. The-saleroom.com will bid intelligently for you, only enough to meet the reserve or stay in the lead.
Lot scheduled end times are displayed on the individual lot time. Note, lots are scheduled to close in 30secs intervals from each other. These scheduled end times are subject to change should bidding occur within 5mins of the scheduled end time.
If a bid is placed in the final 5 minutes of the lot’s scheduled end time, the end-time will be extended to protect against ‘sniping’ – the practice of bidders placing bids in the last few seconds preventing other bidders responding. Boldon Auction Galleries have set the lot extension to 5minutes, meaning a bid placed in the final 5 minutes extends the lot’s end time by 5 minutes.
You’ll see your ‘current bid’ when you log in and view the lot (often it will be less than your ‘maximum bid’). If someone bids higher than your maximum, the-saleroom.com will send you an ‘outbid alert’ via email to let you know, so you can decide whether or not to bid more.
Viewing is by online catalogue or in person Saturday 10th December 10am-1pm, Tuesday 13th December 10am – 12noon. The sale ends on Tuesday 13th December at 3pm.
Payment is due by Friday 16th December at 12noon.
All lots purchased must be collected by Friday 16th December at 5pm.
Buyer`s Premium 17.5% + VAT
Lots purchased online with the-saleroom.com will attract an additional charge for this service in the sum of 3% of the hammer price plus VAT at the rate imposed
TERMS AND CONDITIONS OF SALE
The highest bidder shall be the purchaser, subject to the restriction that the auctioneer reserves the right to refuse any bid, to regulate the amount of bids, and has the absolute discretion in all disputes between bidders.
The Auctioneer reserves the right to fix a reserve and be bid up to such a reserve on behalf of the vendor.
The Auctioneer reserves the right to consolidate, withdraw or alter any lots.
The lots will be sold as they stand at the time of the sale with all their qualities and defects – irrespective of their description in the catalogue.
All lots after the fall of the hammer will be held at the Purchaser’s risk.
The Purchasers to give their names and addresses and, if required, to pay a deposit in part payment. All lots purchased by any one person will be considered and taken as being in one contract.
No goods to be delivered until paid for, or to be removed during the sale.
The Purchasers of each lot shall pay to the Auctioneer THE SUM OF 17.5% LOT MONEY in addition to the sum to be paid in the lot. (VAT is payable on the 17.5%)
All lots to be removed at the Purchaser’s expense immediately after the sale, or a charge for warehousing may be made by the Auctioneer.
Any damage to the premises caused by the removal of goods shall, be paid for by the purchaser.
All lots sold without reserve are sold at the auctioneers’ discretion.
In accordance with ‘Artists Resale Rights Regulations’ or Droit De Suite enforced on 14th February 2006 all lots marked with a D are subject to a resale royalty charge payable by the buyer. This will apply only to lots prefixed with a D selling for 1000 euros or more and will be charged at the rate of 4% of the total hammer price (exclusive of buyer’s premium). The resale royalty right payment is not subject to VAT and is payable in sterling. The amount due is calculated on the day of the sale at the prevailing rate of exchange. Payment is passed directly to the Design and Artists Copyright Society (DACS), 33 Great Sutton Street, London, EC10 0DX. For further information please contact DACS 0845 410 3410 or www.dacs.org.uk.
BUYING AT AUCTION
Here we have outlined all the information you will require to understand how to buy at auction. If however you have any further queries please e-mail or telephone us.
- Bid online through www.boldonauctions.co.uk - click on the online auction tab at the top of our website - register and choose the Sale you wish to bid on, it is straightforward and simple to do so. Bear in mind there is an extra 3% plus vat to pay with this method.
Please note you need to register with each Auction after the initial signup with the-saleroom.com
In completing the bidder registration through www.boldonauctions.co.uk and clicking on the On-line Auction tab on and providing your card details and unless alternative arrangements are agreed with Boldon Auction Galleries you:
1. authorise Boldon Auction Galleries, if they so wish (within 24 hours after the sale), to charge the debit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and
2. confirm that you are authorised to provide these debit card details to Boldon Auction Galleries through www.the-saleroom.com and agree that Boldon Auction Galleries are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.
Please note that any lots purchased via the-saleroom.com live auction service will be subject to an additional 3% commission charge + VAT at the rate imposed on the hammer price.
- Leave an auto bid through the above site (this is like leaving a bid on our website however there is the extra charge as above for using this service unlike our website where there is no extra cost).
- Payment can be made by debit card (over the phone or in person) or by bank transfer.
All purchased lots must be collected within 48 hours of the date of the sale. Any extension to this must be agreed with us or a storage charge of £5 per day will be applied = if you get in touch you can avoid this charge = communication is key!
Boldon Auction Galleries accept payment by:-
(Please note that ‘person not present’ payments by debit card are subject to a maximum limit of £500 any sum over this amount will need to be paid for by Bank Transfer)
Cheque - made payable to Boldon Auction Galleries Limited with a valid cheque guarantee card
Bank Transfer – Barclays Bank Plc, 1 King Street, South Shields, Tyne & Wear, NE33 1DA
Sort Code 20-80-47
IBAN GB19 BUKB 2080 4753 1955 03
SWIFTBIC BUK BGB 22
Once payment has been made, goods may be cleared and the purchaser will receive their invoice with their goods.
Package and Shipping
If you require packing and postage we recommend:
T. 0191 222 00 18
Buyer's Premium is 17.5% (plus VAT). This is a commission that is paid in addition to the hammer price.
Printed Catalogue and Condition Reports
All lots carry a catalogue description. Estimates suggest the price that the lot may reach. Vendor's (or Seller's) reserves may be set, they are confidential. Estimates do not carry buyer's premium. Lots may carry abbreviations such as a/f (as found - considerable damage). We may note damage and restoration however the absence of such a note does not imply that the lot is without defect. All clients should satisfy themselves of both condition and descriptions prior to payment. Any measurements and weights may be approximate.
Any changes to the catalogue after production will be displayed in the Saleroom in a Saleroom notice and will be announced prior to the lot being sold.
Requests for condition reports are accepted by telephone or e-mail and must be received at the latest 24 hours before the sale otherwise we cannot guarantee we will be able to respond in time. All lots are illustrated on-line at www.boldonauctions.co.uk.