Here at Golding Young Limited we understand that when bidding online it is not always convenient or possible to collect your lots in person. We therefore introduced an in house postage and packaging department for the majority of items we sell.
Please see below a list of various couriers who regularly collect from us, including a breakdown of our own in house service.
The following specialist providers offer bespoke and considerably cost-effective shipping. Whilst they all have an excellent track record of service to our clients, they still remain your agent, not ours.
Remember you only have a 21-day period from the DATE of SALE to complain about a lot, NOT the date of
Please be organised and ensure you receive it in that time-frame.
Golding Young Limited – Postage Department
Parcels are sent every 7 days dependant on quantities. All postage requests will be processed at our discretion. If we are unable to provide you with a suitable service other couriers are available.
T: Email only service please note reception staff will not be able to assist with these queries
Golding Young Limited will invoice you separately for postage and packaging services, as this does not form part of the sale contract. This means payment will also be made separately to your sale invoice. Charges vary depending on the service provided. Postage is usually done every 7 days dependant on quantities.
Lincoln Collective Sale
At Thos. Mawer House, Station Road, North Hykeham, LN6 3QY.
Viewing: Tuesday 19th March 10am-4pm & morning of sale from 8.30am
LOTS 1 – 924 (Live Webcast)
Commences at 10am
In The Gallery
LOTS 2001–2137 (Non Live)
General Furniture & Effects
Commences at 10am
In Saleroom Two
Followed immediately by
LOTS 3001-3266 (Non Live)
(General Smalls, Bric-a-Brac etc.)
Secondly, buyers, though not primarily contracting with the auctioneer, who is merely an agent for the seller, nevertheless normally contract on standard conditions laid down by the auctioneer as agent. Some of these conditions create a direct contract between buyer and auctioneer.
Nevertheless, the two transactions between seller and auctioneer and seller and buyer
are completely distinct contracts and we have therefore placed considerable importance
on using the expression ’Terms of consignment’ for sellers and other consignors when
before the auction takes place they consign the relevant property for sale, and
‘Conditions of sale’ for transactions which actually take place by auction.
INFORMATION FOR BUYERS
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 misdescribed because they are ‘deliberate forgeries’ may be returned and repayment made. There is a 21 day time limit from the date of sale, not date of collection or receipt. (The expression ‘deliberate forgery’ is defined in our ‘Conditions of sale’).
Accounts are due for settlement SALEDAY. The following methods of payment are acceptable.
There will be NO EXCEPTIONS to this policy. To avoid undue embarrassment for yourself or our staff,
please do not ask for preferential treatment.
i. Cash. Single payments up to ONE THOUSAND GBP only per sale.
ii. Debit Card. No limit with chip & pin. (CNP limit £500 & no CNP on gold or silver).
iii. Credit Card. We no longer accept credit cards.
iv. Bank Drafts & Building Society Cheques. No limit. Due to forgeries, we will retain the goods for 3 working days to establish clearance of funds.
v. Cheques. Accepted up to the limit of the guarantee card for immediate clearance. For sums exceeding this, and you are not known to the auctioneers, we will retain the goods for 7 working days to establish clearance of funds.
vi. Bank Transfer for Bourne Auctions. Payments to Golding Young Limited - Auction Clients Account – Bourne.
40-22-19 22034859. HSBC, 88 Westgate, Grantham NG31 6LF.
Swift Code MIDLGB22. IBAN is . GB56MIDL40221922034859
vii. Bank Transfer for Grantham Auctions. Payments to Golding Young Limited - Auction Clients Account – Grantham.
40-22-19 13666891. HSBC, 88 Westgate, Grantham NG31 6LF.
Swift Code MIDLGB22. IBAN is GB76MIDL40221913666891.
viii. Bank Transfer for Lincoln Auctions. Payments to Golding Young Limited - Auction Clients Account - Lincoln.
40-22-19 33667200. HSBC, 88 Westgate, Grantham NG31 6LF.
Swift Code MIDLGB22. IBAN is GB45MIDL40221933667200.
Bank Transfer payment types, codes and clearance times:
BACS – code BP = cleared funds on the 4th day.
EFT or CHAPS – code CR + ADVICE CONFIRMS = cleared funds after 24hrs.
If early release of goods is requested our staff will ring HSBC to confirm guaranteed cleared funds.
TERMS OF CONSIGNMENT FOR SELLERS
Minimum Fees per Sold lot apply of £4+vat.
Minimum Fees per Unsold lot are; Live Webcast Sales £8 +vat & all others £4 +vat.
(a) You are entitled to place prior to the auction a reserve on any lot consigned, being the minimum hammer price at which that lot may be sold. Reserves must be reasonable and we may decline to offer goods, which in our opinion would be subject to an unreasonably high reserve (in which case goods carry the storage and insurance charges stipulated in these ‘Terms of consignment’).
(b) A reserve once set cannot be changed upwards except with our consent.
(c) Where a reserve has been placed only we may bid on your behalf and only up to the reserve (if any) and you may in no circumstances bid personally.
(d) Estimates are not Reserves. Estimates are given as a guide to buyers. Unreserved items may sell at a fraction of an estimate if no reserve has been agreed.
The rights of disposal referred to in clause 7 and 8 are subject to the provision of the Torts
(Interference with Goods) Act 1977, Schedule 1, a copy of which is available for
inspection on request.
(a) You authorise us to deduct commission at the stated rate and all expenses incurred for your account from the hammer price and consent to our right to retain beneficially the premium paid by the buyer in accordance with our ‘Conditions of sale’ and any interest earned on the sale proceeds until the date of settlement.
(b) You authorise us in our discretion to negotiate a sale by private treaty in the case of lots unsold at auction while they remain on our premises, in which case the same charges will be payable as if such lots had been sold at auction and so far as appropriate these terms apply.
You authorise any sums owed by you to us on other transactions to be deducted from the sale proceeds. You must note the liability to reimburse the proceeds of sale to us as under the circumstances provided for in Condition 9 above. You should therefore bear this potential liability in mind before parting with the proceeds of sale until the expiry of 28 days from the date of sale.
Golding Young Limited - Auction Clients Account (Bourne)
Sort Code 40-22-19 Account 22034859
Golding Young Limited - Auction Clients Account (Grantham)
Sort Code 40-22-19 Account 13666891
Golding Young Limited - Auction Clients Account (Lincoln)
Sort Code 40-22-19 Account 33667200.
Both are low interest bearing accounts. The interest will be retained by the auctioneers and is used to reduce bank costs helping us to continue offering competitive selling fees. Cheques under £50 not banked within six months of issue may be paid to our nominated charity without further notice.
C0NDITIONS OF SALE
Golding Young Limited (GYL) carries on business with bidders, buyers and all those present in the auction room prior to or in connection with a sale on the following General Conditions and on such other terms, conditions, and notices as may be referred to herein.
(a) ‘Auctioneer’ means the firm of (GYL) or its authorised auctioneer, as appropriate.
(b) ‘Deliberate forgery’ means an imitation made with the intention of deceiving as to authorship, origin, date, age, period, culture or source but which is unequivocally described in the catalogue as being the work of a particular creator and which at the date of the sale had a value materially less than it would have had if it had been in accordance with the description.
(c) ‘Hammer price’ means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer.
(d) ’Terms of consignment’ means the stipulated terms and rates of commission on which (GYL) accepts instructions from sellers or their agents.
(e) ‘Total amount due’ means the hammer price in respect of the lot sold together with any premium, Value Added Tax chargeable and any additional charges payable by a defaulting buyer under these conditions.
(f) ‘Sale proceeds’ means the net amount due to the seller, being the hammer price of the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising.
(g) ‘You’, ‘Your’, etc. refer to the buyer as identified in Condition 2.
(h) The singular includes the plural and vice versa as appropriate.
(a) Bidders are required to register their particulars before bidding and to satisfy any security arrangements before entering the auction room to view or bid.
(b) The maker of the highest bid accepted by the auctioneer conducting the sale shall be the buyer at the hammer price and any dispute about a bid shall be settled at the auctioneer’s absolute discretion by re-offering the lot during the course of the auction or otherwise. The auctioneer shall act reasonably in exercising this discretion.
(c) Bidders shall be deemed to act as principals.
Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.
(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.
(1) The ownership of any lots purchased shall not pass to you until you have made payment in full to us of the total amount due of all lots on your account. You are responsible for insurance and risk of all lot purchases at the fall of the hammer.
(2) You shall at your own risk and expense collect any lots that you have purchased and paid for not later than three working days following the day of the auction or upon the clearance of any cheque used for payment (if later) after which you shall be responsible for any collection, storage and insurance charges.
(3) No purchase may be collected and we shall not release any lot to you or your agent until it has been paid for.
(1) If any lot is not paid for in full and taken away in accordance with these conditions or if there is any other breach of these conditions, we, as agent for the seller and on our own behalf, shall at our absolute discretion and without prejudice to any other rights we may have, be entitled to exercise one or more of the following rights and remedies:
(a) To proceed against you for damages for breach of contract.
(b) To rescind the sale of that lot and/or any other lots sold by us to you.
(c) To resell the lot (by auction or private treaty) in which case you shall be responsible for any resulting deficiency in the total amount due (after crediting any part payment and adding any resale costs). Any surplus so arising shall belong to the seller.
(d) To remove, store and insure the lot at your expense and, in the case of storage, either at our premises or elsewhere.
(e) To charge interest at a rate not exceeding 5% over the HSBC standard rate on the total amount due to the extent it remains unpaid for more than three working days after the sale.
(f) To retain that or any other lot sold to you until you pay the total amount due.
(g) To reject or ignore bids from you or your agent at future auctions or to impose conditions before any such bids shall be accepted.
(h) To apply any proceeds of sale of other lots due or in future becoming due to you towards the settlement of the total amount due and to exercise a lien (that is a right to retain possession of) any of your property in our possession for any purpose until the debt due is satisfied.
(2) We shall, as agent for the seller and on our own behalf pursue these rights and remedies only so far as is reasonable to make appropriate recovery in respect of breach of these conditions.
1) Whilst we seek to describe lots accurately, it may be impractical for us to carry out exhaustive due diligence on each lot. Prospective buyers are given ample opportunities to view and inspect before any sale and they (and any independent experts on their behalf) must satisfy themselves as to the accuracy of any description applied to a lot. Prospective buyers also bid on the understanding that, inevitably, representations or statements by us as to authorship, genuineness, origin, date, age, provenance, condition or estimated selling price involve matters of opinion. We undertake that any such opinion shall be honestly and reasonably held and accept liability for opinions given negligently or fraudulently. Subject to the foregoing neither we the auctioneer nor our employees or agents nor the seller accept liability for the correctness of such opinions and all conditions and warranties, whether relating to description, condition or quality of lots, express, implied or statutory, are hereby excluded. This condition is subject to the next following condition concerning deliberate forgeries and applies save as provided for in paragraph 6 ‘information to buyers’.
(2) Private treaty sales made under these conditions are deemed to be sales by auction for purposes of consumer legislation.
(1) if the catalogue description reflected the accepted view of scholars and experts as at the date of sale or
(2) you personally are not able to transfer a good and marketable title to us, you shall have no rights under this condition.
The right of return provided by this condition is additional to any right of remedy provided by law or by these ‘Conditions of sale’.
and as a result of any breach of these conditions and any exclusions provided by them
shall be available to the seller and/or the auctioneer as appropriate.
(2) Such rights and exclusions shall extend to and be deemed to be for the benefit of
employees and agents of the seller and/or the auctioneer who may themselves enforce them.
GLOSSARY OF CATALOGUING TERMINOLOGY
The weights applied to descriptions of platinum, gold, silver and other precious metals are approximate guides given from the most basic of equipment which are not approved for ‘Use-in-Trade’. As all lots are sold as objects and not as ‘Value-by-Weight’ these are sufficient for the purpose of auction sale.
Gemstones & Jewels
Many coloured gemstones have been subjected to a variety treatments designed to enhance their appearance, for example heating is regularly used to improve colour or transparency in rubies and sapphires. Other treatments such as oiling, enhance the clarity of emeralds. Other coloured gemstones may have undergone permanent or semi-permanent treatments such as dyeing, irradiation, coating and impregnation, which may require further re-treatment in order to retain their appearance. The jewellery trade generally accepts these treatments. Prospective purchasers should assume all gemstones will have been treated unless statements are made to the contrary.
Recent advancements in technology have led to some diamonds being treated in a variety of ways designed to enhance their appearance. These treatments can include fracture filling, laser drilling, irradiation and coating. Every effort is made to identify such treatments; however it is not possible for Golding Young & Mawer to guarantee that all lots containing diamonds are free of these enhancements.
All dimensions and estimated weights of gemstones have been determined without unsetting the stones and are therefore only approximate because of limitations imposed by the mount. Estimated weights are normally calculated by applying standard formulae to the measurements taken by use of the most basic equipment.
Books & Printed Matter
These items are not sold subject to collation and are not returnable once removed from the premises
Paintings, Drawings & Sculpture
Any statement at to authorship, attribution, origin, date, age, provenance and condition is a statement or opinion and is not to be taken as a statement or representation of fact. Golding Young & Mawer reserve the right, in forming their opinion, to consult and rely upon any expert or authority considered by them to be reliable.
A picture catalogued with the forename(s) and surname of the painter is in our opinion a work by that artist; e.g. Joseph Mallord William Turner. When an artist’s forename(s) is not known, a series of asterisks followed by the surname of the artist, whether preceded by an initial or not, indicates that in our opinion the work is by the artist.
The Artists Resale Right (A.R.R.) or Droit de Suite
The use of ARR in a description warns the buyer that an extra charge will be payable.
Following the UK implementation of the EU Artist’s Resale Right directive in February 2006 and the Derogation for Deceased Artists in January 2012, living artists and the heirs of those that died less than 70 years ago may receive a fraction of a resale royalty that is payable by you.
The payment is calculated on qualifying works of art which are sold for more than EUR 1,000. The actual qualifying threshold will be calculated by the Artist’s Resale Right Service Hub based on the European Central Bank reference rate published at 2.15pm on the day of the sale, and can be found somewhere on www.dacs.org.uk
The royalty charge will apply if the hammer price is more than to UK sterling equivalent of EUR 1,000. The royalty will be added to the buyer invoice and must be paid before items can be released.
No handling costs or additional fees are retained by auctioneers despite having to do the extra administration work pre and post sale. When we have done the unremunerated work for self described ‘not-for-profit’ collecting societies we send them the sum from which they will extract their administration fees. Anything left over may go to benefit the artist or their family.
Portion of the hammer price (Euro’s EUR)
1000 to 50,000
50,000.01 to 200,000
200,000.01 to 350,000
350,000.01 to 500,000
VAT is not payable on this royalty charge. A maximum royalty charge is 12,500 EUR. Revised 4th January 2011.
If you find this complicated or objectionable please forward your complaint to The Minister for Intellectual (sic) Property. www.bis.gov.uk/contact-us
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