DEFINITIONS. In these conditions Rogers Jones & Co., hereinafter called “The Company”, act only as Auctioneers, and the representative of The Company conducting the auction is called “the Auctioneer”.
1. VENDOR CONTRACT
All items must be listed in this VENDOR CONTRACT and the form SIGNED. The Company accept items for sale at their sole discretion and shall be the judges as to the suitability of any item for sale.
2. RESERVES
(a) All goods are put up for sale WITHOUT RESERVE unless written reserves are declared on the Entry Form. Oral instructions as to reserve prices cannot be entertained No reserves are acceptable once catalogues have gone to print.
(b) Any item with a reserve price, if unsold, may be accepted for inclusion in a subsequent sale with a reduced, or deleted, reserve price. (There will be no storage charge incurred for the ‘holding over’ of such items on The Company’s premises.)
(c) It is a condition of the acceptance of any item for sale that, in the absence of a written reserve price, it will be disposed of at the highest price obtainable.
(d) In the event of any reserve price not being reached at auction, The Company is empowered to sell, after the auction, by private treaty, at not less than the reserve price, as long as the goods remain on The Company’s premises.
(e) Items with Reserve prices will, if necessary, be sold with a 10% discretion.
3. COMMISSION RATES
VAT at the current rate is charged on commission and NOT on the hammer price.
20% on all lots to £300
18% on all lots £301 to £600
15% on all lots £601 to £5000
12% on all lots £5001 to £10000
10% on all lots over £10001
There is an additional 1.5% charged for loss and damage warranty unless the vendor shows written confirmation of extending their insurance policy to cover the item(s) presence at the auction room.
Minimum of £10 commission charged per lot
PLEASE NOTE THAT THERE ARE NO OTHER CHARGES BY THE AUCTION HOUSE. VENDORS ARE NOT CHARGED WHEN ITEMS DO NOT SELL EXCEPT WHEN RESERVES ARE STIPULATED WITHOUT OUR ADVICE (50% OF AFOREMENTIONED COMMISSION RATE(S))
4. INSTRUCTIONS
All goods delivered to The Company’s premises will be deemed to be delivered for sale by auction unless otherwise instructed in writing and will be catalogued and sold at The Company’s discretion and subject to all the Sale Conditions. By delivering the goods to The Company for inclusion in their auction sale each vendor acknowledges that he or she has accepted and agreed to be bound by these conditions.
5. COLLECTIONS AND STORAGE
The Company do not themselves undertake the collection of goods but will, if required, instruct a remover on the vendor’s behalf in their capacity as Agents. The Company disclaim all responsibility for loss or damage to goods or to unauthorised removal of goods and for damage to premises caused by the contractor who will be insured for such risks.
Removal charges will be deducted from the sale proceeds by The Company.
6. INSURANCE
Whilst all reasonable care will be taken by The Company of items on their premises vendors are advised to instruct their Insurance Company to extend cover on items to be removed to the Auction Rooms even though their items will be insured against Fire and Burglary whilst on The Company’s premises.
7. INDEMNITY
The vendor shall duly indemnify The Company against any claims in connection with any goods sold by The Company on the vendor’s behalf erroneously for whatever reason.
8. VALUE ADDED TAX
A vendor who sends for sale by auction any chattel(s) which is an asset of his business must disclose to the Auctioneer whether or not he is a registered person for Value Added Tax purposes and, if so, his registered number and whether or not he intends to operate the Special Scheme covering works of Art etc. This information must be supplied to the Auctioneer on, or prior to, delivery of the goods.
9. RETRIEVAL OF UNSOLD GOODS
Vendors, or their representatives, must produce, for security reasons, their “not sold” printout, in order to collect unsold items held by The Company, within ONE MONTH. Items not collected will be sold without reserve or disposed of at the vendors cost.
10. DISCRETION AS TO CHOICE OF TYPE OF SALE
The Company will include items entered in a particular sale in another sale of its chosing if those items are deemed not suitable or of insufficient quality for inclusion in one type of sale or another. The individual lotting of single items as described on this form cannot be guaranteed. It may be necessary to group items together to form suitable lots. This will be carried out in the best interests of the vendor.
11. PAYMENT OF SALE PROCEEDS
The proceeds of all The Company’s auctions should be received by the vendor within fourteen days of the final auction for the consignment (when consignments may be entered into more than one auction with our discretion).
12. ELECTRICAL GOODS AND SOFT FURNISHING
Electricals
The Regulations governing electrical goods and soft furnishings are, by now, well established. All electrical goods accepted for inclusion in an auction will be ‘Electrotested’ by The Company’s contractor, the charges for which will be deducted from the proceeds of sale. Any electrical goods sent in for sale which fail a simple visual test will not be ‘Electrotested’ and may be disposed of by The Company at its discretion. Likewise, any electrical items failing the ‘Electrotest’ will also be disposed of solely at the discretion of The Company without reference to the vendor or representative. Disposal costs will be charged to the vendor.
Soft Furnishings
The Company reserves the right to dispose of any items of furniture which do not comply with the Soft Furnishings Regulations at The Company’s discretion and without reference to the vendor or representative. Disposal costs will be charged to the vendor. (Pre 1994 soft furnishings made between 1955 and 1994 will usually be illegal)
13. UNSALEABLE ITEMS
Potentially unsaleable items with no reserve price which have failed to raise a bid may be disposed of or given to charity by the Auctioneers at their discretion without reference to the vendor.
