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Terms & Conditions

Information for Sellers



Michael Flanagan Art Consultancy (the auctioneers) is the trading name of Michael Flanagan.

All items submitted for sale are accepted on the following conditions:-

Sellers commission of 17.5% + vat per lot

All lots for sale are photographed and illustrated in our online internet catalogue at a cost of £4 + vat per lot

The Auctioneers will exercise their discretion to sell within 10% of the reserve unless instructed to the contrary. The minimum reserve accepted is £1,000, below this all items will be sold on a 'best bid' basis.

Items which are offered with reserves which have been placed by the Vendor, that exceed our advice, if unsold, will incur an offering fee of 10% of such reserve price.

All items are left at your own risk but you do have the option to insure them at a rate of 1% of hammer price or lower estimate.

The seller agrees that all commission and charges may be deducted from the sale proceeds.

The net sale proceeds will be paid by BACS within 10 working days of sale provided we have received cleared funds from the buyer. If the seller prefers, payment may be paid by cheque.

YOU ARE VERY WELCOME TO COME AND VIEW THE SALE AND TO ATTEND THE AUCTION.



Information for Buyers



Michael Flanagan Art Consultancy (the auctioneers) is the trading name of Michael Flanagan.

Registration

We operate a paddle bidding system. To bid at auction you will need a paddle number. To register for a paddle you must fill in and sign a bidders registration form. You may be asked to supply identification upon registration, particularly for first time bidders, by way of passport, driving licence together with a credit card. Always allow plenty of time to register. Should you need to clarify anything you are unsure about, please feel free to call a member of our staff.



The Auction



Lots are offered for sale in numerical order as they appear in our online catalogue. We strongly recommend that you arrive in plenty of time before the lot you are wishing to bid on is up for sale. Bids are increased at the Auctioneers discretion by approximately 10% of the bid price. Use your paddle to bid allowing sufficient time for the Auctioneer to note your number upon the success of your bid. It is important to note your paddle number, as this will be your reference for later payment.

Live Bidding on line

Michael Flanagan Art Consultancy offer an online bidding service via the-saleroom.com for bidders who cannot attend 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.

Written Bids



If you cannot attend an auction in person, the Auctioneers can bid on your behalf, acting upon your instructions to secure an item for you at the lowest possible price. This is a free service which enables you to fill out an Absentee Bid Form either in person at the saleroom or via the link on the home page which will then be e-mailed to The Auctioneer, detailing your bids, giving your price limit for any specific lot, requesting The Auctioneer without legal obligation of any kind, to bid on your behalf. Purchasers premium incl. vat will be payable on the hammer price in the event of a successful bid. Any bids telephoned in may be asked for a credit card reference to secure the bid. All bids must be received within 1 hour prior to the sale in order to ensure their execution.



Telephone Bids



Telephone Bids are available on a first come basis for items estimated from £1,000 upwards.

If you are interested in booking a telephone line, please contact a member of our staff at +44 (0) 2890 779444. It is a condition of accepting telephone bidding that you are prepared to bid at least the minimum estimate for any lot.

Telephone bids may also be registered with a member of our staff at the auction venue during viewing times prior to 1 hour of the auction commencing. Customers who book telephone lines may be requested to supply credit card details as a security measure.

Please contact a member of our staff to make the necessary arrangements. Security bids are recommended in the unlikely event of we being unable to contact you, this however is at the discretion of the bidder.

Buyer's Premium

The buyer shall pay the Auctioneer a commission at the rate of 17.5% on the Hammer Price excl. of vat on all individual lots.

Artist's Resale Rights ("Droit De Suite")

The Buyer agrees to pay Michael Flanagan Art Consultancy an amount equal to the resale royalty. Resale royalty applies to both a living artist and the estate of an artist for a period of 70 years after their death where the Hammer Price is 1,000 Euro or more and the amount cannot be more than 12,500 Euro per lot. The amount is calculated as follows:

Royalty for the portion of the Hammer Price (in Euro)

4.00% up to 50,000

3.00% between 50,000.01 and 200,000

1.00% between 200,000.01 and 350,000

0.50% between 350,000.01 and 500,000

0.25% in excess of 500,000



Payment



All purchases must be paid for within two calendar days of the sale. Our payment terms are cash (up to £9,000), bankers draft or cheque* drawn on a UK Bank. Cheques should be vouched to the satisfaction of the Auctioneers prior to sale.

Bank Transfer details are available on request. Goods will only be released upon clearance through the bank of all monies due.

* Cheques take a minimum of five working days to clear the bank unless you have a cheque clearance facility with Michael Flanagan Art Consultancy.



Collection



Collection of purchases is the responsibility of the buyer. Goods remain at the buyers risk from the fall of the hammer. Purchases may be collected during the sale and up to 4pm on the 2 days following the sale at the auction venue. Goods remaining uncollected after this time may be subject to storage and handling charges, therefore it is important that you make collection within the designated time. If you are unable to remove your item immediately you will need to arrange storage and/or shipping.

Michael Flanagan Art Consultancy do not undertake to pack items but have arranged with a local courier to transport items to the local branch of MAILBOXES for £4 per item. Mailboxes will be happy to quote for packing and delivery worldwide.