INFORMATION FOR SELLERS
(Please note: These apply to our sales here at York Auction Centre and may vary for sales at Malton and Pickering)
1. SELLER’S COMMISSION:
(a) A commission will be charged to sellers at the rate of 12.5% of the nett sale proceeds on each lot. Minimum commission charge £3 per lot.
(b) An additional 1% will also be charged for insurance. (See note 6 below.)
All charges are subject to VAT at the standard rate.
2. ELECTRICAL GOODS:
All electrical goods must have a current electrician’s safety certificate unless they are sold as “antiques” only.
3. SOFT FURNISHINGS:
The sale of soft furnishings is regulated by statute law in the interest of fire safety. Goods found to infringe safety regulations will not be offered and must be removed at your expense.
4. UNSOLD AND WITHDRAWN ITEMS:
If an item is unsold it may be re-offered at a future sale. Where, in our opinion, and is unsaleable you must collect such items from the sale room by the following Tuesday after a sale and we reserve the right to dispose of the item, for which a fee of £5 plus VAT minimum will be charged. Otherwise, storage charges may be incurred.
Please assist us with accurate information as to the providence, etc of goods where this is relevant. There is strict liability for the accuracy of descriptions under modern consumer legislation and, in some circumstances, responsibility lies with sellers if inaccuracies occur. We will assume that you have approved the catalogue description on your lots unless informed to the contrary. Where we are obliged to return the price to the buyer when the lot is a deliberate forgery and we have accounted to you for the proceeds of sale, you agree to reimburse us the sale proceeds. The liability to reimburse the sale proceeds shall not arise when you are acting reasonably and honestly, and are unaware of the forgery that we are or ought to have been aware of it.
6. LOSS AND DAMAGE OF GOODS:
Boulton & Cooper is not authorised by the FSA to provide insurance to its clients and does not do so. However, Boulton & Cooper, for its own protection, assumes liability for property consigned to it at the lower pre-sale estimate under until the hammer falls. To justify accepting liability, a charge is made of 1% on the hammer price plus VAT. The liability assumed shall be limited to the lower pre-sale estimate, or the hammer price if the lot has sold, or to the reserve if the lot was unsold. If the owner of goods instructs us in writing not to take such action, the goods then remain entirely at the owner’s risk until the property in them passes to the buyer, or is collected by or on behalf of the owner.
(a) All lots sold on behalf of non-registered vendors will be sold under the VAT Auctioneer’s Margin Scheme, unless written instructions are given to the contrary. This will allow such lots without VAT being added to the hammer price.
(b) Any registered seller trading goods under the Dealer’s Margin Scheme, should notify us accordingly.