Important Information
19% plus VAT up to £50,000, 10% plus VAT thereafter
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 & Conditions
We will be pleased to give condition reports on any of the lots in the sale. All weights and measures given in the catalogue are deemed to be approximate and colours printed in the catalogue are correct to the best of our ability.
Clients are advised that where possible all items in the sale should be viewed in situ.
Different methods of bidding at our auctions
Registering to bid with us
Persons wishing to participate and bid in the auction who are not previously known to us will need to register. Bidding is by number, to help preserve anonymity and on registering with us you will be given a personal bidding number for use in the sale.
To register with us we will ask you for the following:
1). A current passport or photographic driving license
2). Two references in the form of other auctioneers
that you have purchased items from recently.
You can register:
In person at the main office
By telephoning the office +44 (0) 1308 420100
By emailing info@busby.co.uk
You will either be asked to show your documents or to email or fax copies to us
Once registered with us you will be able to bid with us using one of the four following methods
Bidding in person in the room
Simply execute your bid(s) using the number that you obtained on registering
Commission Bidding
Once registered, if you are unable to attend the sale in person you can leave a commission bid with us using your registered number. We will do our best to purchase the lot(s) for you as cheaply as possible bearing in mind other bids and reserve prices.
Telephone Bidding
Once registered, it is possible, by prior arrangement with the office, to bid on the telephone on lots with a
low estimate of more than ?200.
Bidding Live On Line
In all of our auctions we will offer the service of on line bidding with the-saleroom.com. This will enable you to participate in the auction from anywhere in the world, in real time. To use this service you will need to register at www.the-saleroom.com there is a 3% surcharge for lots purchased on line.
Having received approval from the-saleroom.com you will have been asked for your credit card details and Busby auctioneers will reserve the right to take payment (either full or in part) from this credit card, this payment to include all fees, for items that you have successfully purchased.
Droit de Suite/(the) Artists Resale Right
This is a royalty payable to a qualifying (living) artist or his/her heir’s every time a work is sold or resold
during the artist’s lifetime and for up to a period of 70 years following the artist’s death. The royalties payable are calculated on a sliding percentage scale based on the hammer price of the lot(s) sold. The royalty only applies to lots which sell for in excess of 1,000 euros and the maximum royalty payable on any single lot is 12,500 euros. This royalty, which will be calculated on the exchange rate of the day of sale, is not subject to VAT.
Below is a table of the sliding scale of percentage charges (in euros):
4% up to 50,000
3% 50,000.01 - 200,000
1% 200,000.01 - 350,000
0.5% 350,000.01 - 500,000
0.25% In excess of 500,000
Buyer’s Premium
A buyer’s premium of 15% plus VAT will be added to all lots that that are sold on the first ?50,000 of
the hammer price and at 10% thereafter.
19% + VAT For special sales
VAT
Lots marked with an omega (O) are subject to VAT on the hammer price.
Payment and Clearance
Payment is due in pounds sterling immediately after the auction. Where practical and upon clearance of payment purchased lots may be collected by the buyer during the auction.
We accept payment by:
? Cash – up to ?10,000
? Cheque made payable to “Busby”
? Debit card
? Credit card, with the exception of American
Express or Diners Club. A handling charge of 2.5%
plus VAT will be added to all credit card payments.
? Bank transfer to:
Sort Code: 30-91-21
Account Number: 01366602
IBAN Number: GB81 LOYD 3091 2101 3666 02
BIC Number: LOYDGB21267
Sale Results
A list of sale results will be posted on our website shortly after the sale.
Collection of Purchased Items
Please be aware that purchased items such as furniture, clocks and other large, unwieldy objects will remain in the saleroom and be available for collection up to 10 days after the sale. Unless prior arrangements are made with the auctioneer goods not collected will be subject to storage charges of ?5 (plus VAT) per week, or part thereof. Items will not be released until such accruing charges have been paid.
Packing and Shipping
Busby will provide a limited in house postage service under provision that the item does not contravene any of Her Majesty’s Post Office regulations; that it does not require any specialist packaging and is suitable for sending; any postage will be undertaken entirely at the auctioneers discretion and at the purchaser’s expense agreed in advance. Busby will not be party to any claims resulting from postage. If you prefer to arrange your own collection, below is a link to carriers in our area:
Pack and Send
0845 465 0564
sales@packsend.co.uk
www.packsend.co.uk
Mail Boxes Etc
01823 322 263
info@mbetaunton.co.uk
www.mbe.co.uk/taunton
Alban Shipping
01582 493 099
nfo@albanshipping.co.uk
www.albanshipping.co.uk