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Forthcoming Auctions

FINE JEWELLERY, WATCHES & SILVER

Wednesday 10th May 2017 @ 6.00pm

Viewing 8th & 9th May 2pm to 5pm, 10th May 2pm to 5.50pm.

EVENING ART AUCTION

Wednesday 31st May 2017 @ 6.00pm

Viewing 30th May 10am to 5pm, 31st May 2pm to 6pm.

COLLECTORS ITEMS AND FURNITURE

Wednesday 21st June 2017 @ 10.30am

Viewing 19th & 20th June 2pm to 5pm, from 9am on sale day.

RARE CLOCKS & SELECTED ANTIQUES

Wednesday 19th July 2017 @ 11.00am

Viewing 17th & 18th July 2pm to 5pm, 19th July 2pm to 5.50pm.

FINE JEWELLERY & SILVER

Wednesday 19th July 2017 @ 6.00pm

Viewing 17th & 18th July 2pm to 5pm, 19th July 2pm to 5.50pm.

THE WATCH SALE

Wednesday 19th July 2017 @ 7.30pm

Viewing 17th & 18th July 2pm to 5pm, 19th July 2pm to 5.50pm.

COLLECTORS ITEMS AND ANTIQUES

Wednesday 9th August 2017 @ 10.30am

Viewing 7th & 8th August 2pm to 5pm, 9th August 9am to 10.30am.

Auction Results

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An Italian marble bath Sold 12,500

An Italian marble bath Sold 12,500

A Chinese tea service by Luen Wo Sold for 2,200 February 2010

A Chinese tea service by Luen Wo Sold for 2,200 February 2010

Robert Lenkiewicz 'Study Estuary' oil on canvas Sold 4,600 November 2009

Robert Lenkiewicz 'Study Estuary' oil on canvas Sold 4,600 November 2009

FAQs - Selling at Plymouth Auction Rooms

Q: How do I get my items valued for auction?

It’s so easy – and best of all it’s free! You can email a description and pictures of your items to us, and we will get back to you with an initial valuation – providing clear images have been sent. Contact us at Plymouth Auction Rooms.

Or you are welcome to make an appointment to meet our valuer and bring along your items to our saleroom for a free valuation. If you can’t get your valuables to us, you are welcome to bring along images on a camera. Either way, you can get a free valuation without obligation.

Just call us on 01752 254740.

If you have many items to sell, and you live in the Plymouth area, we can arrange for a valuer to make a convenient house visit to appraise your items for a minimal charge (refundable if you sell with us). Please contact us for details. 

We offer free non appointment valuations at our salerooms Mondays to Wednesday 9am to 1pm. 

Q: How do I sell my items?

If you decide to sell with us, you will be given a written receipt for your property, together with a Vendor Number and notification of the auction date when the items will be offered.

If you are unable to deliver your items, don’t worry - Plymouth Auction Rooms can organise collection on your behalf using independent carriers. There is a charge for this service, which will be deducted from the sale proceeds.

Should your item not sell, we do not normally charge a fee unless we deem the reserve to be at such a level to make it unreasonable and prohibitive to it selling.

Q: What about reserves?

The reserve price is a confidential minimum selling price which you and Plymouth Auction Rooms agree before the sale. With our specialists expertise we will discuss and propose suggested estimates to you based on current market prices and trends. If appropriate, we will agree a reserve price on items with you prior to the sale.

Q: How much does it cost to sell at auction?

Commission

Commission is charged at 18% with a lot fee at £2 per lot.

Insurance

a) All goods on our premises or under our control are insured against all risks at our mid auction estimate while so placed and sellers are charged at the rate of 1.5% of the hammer price.

(b) If the owner of goods consigned instructs us in writing not to insure them, they then remain at owner's risk unless and until the property in them passes to the Buyer or they are collected back or on behalf of the owner.

We agree that, in the event of damage occurring that is covered under our policy of Insurance with XL Catlin Insurance Co. Ltd., we are responsible to you

Settlement

After sale settlement of the net sum due to you normally takes place within 21 days of the sale by bank tranfer or crossed cheque if you prefer, unless the buyer has not paid for the goods. In this case no settlement will them be made but we will take your instructions in the light of our Conditions of Sale. 

VAT

VAT at 20% is payable on sellers commission, ie. 18% plus VAT = 21.60%.

Q: What if items do not sell?

No problem. We will contact you after a sale, should any lots not sell. We will then invite you to re-offer them at a later auction with a revised estimate and reserve. There is no charge to re-offer any lots. Should items remain unsold and are returned, a nominal administrative fee is charged plus any carrier’s costs.

 

 

FAQs - Buying at Plymouth Auction Rooms

Q: How much does it cost to bid at Plymouth Auction Rooms.

BUYER'S PREMIUM

Each lot is subject to premium on the hammer price

For Jewellery, Silver, Watches and Art Auctions 

 

The buyer’s premium is 20% inclusive VAT.  

For General & Collectors Sales

The buyer’s premium is 20% plus VAT – a total of 24%.  

PAYMENT

You may pay for your purchases in several ways: credit card (on which there is a 2.50%), debit card (50p surcharge) bank transfer, cheque or cash. We can accept cash up to £9,000.

We do not accept credit/debit cards where the card holder is not present for amounts over £500; we recommend bank transfer.

Bank transfers - please quote your bidder number and date of auction as a payment reference

Account Name: Plymouth Auction Rooms Ltd

Sort Code: 309668

Lloyds Account No: 62845668

BIC: LOYDGB21082          

IBAN:  GB24 LOYD 3096 6862 8456 68 

All accounts must be settled within three working days from the auction date.

If any Lot is not paid for in full and taken away in accordance with our Conditions of Sale we reserve the right to charge interest at a rate not exceeding 1.5% per month on the total amount due.

Property will not be released until cheques have cleared or they are supported with a banker’s card.

COLLECTION

All lots must be collected within a week from the sale.

We can recommend various local removals firms, couriers and shippers.

We are able to Package & Post certain non-breakable small lots, we generally charge a fee at £15/20, it may be higher for larger parcels.  

FOR ART AUCTIONS

Certain lots that sell for 1000 euro or more (GBP equivalent) may be subject to artists resale fee which is 4% (no VAT).

Artist's Resale Right ("Droit de Suite")

Droit de Suite is a royalty payable to a qualifying artist or the artist’s heirs each time a work is resold during the artist’s lifetime and up to a period of 70 years after the artist’s death.

The fee is currently 4% charge* for art work selling for over the GBP equivalent of 1000 euro.

For further information please contact DACS 0845 410 3410 or www.dacs.org.uk. Or Artist Collecting Society 01845 11 22 400  

The buyer agrees to pay Plymouth Auction Rooms an amount equal to the resale royalty and we will pay such amount to the artist's collecting agent. Resale royalty applies 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 50,000.1 and 200,000 1.00% between 200,000.1 and 350,000 0.50% between 350,000.01 and 500,000 0.25% in excess of 500,000 Invoices will, as usual, be issued in Pounds Sterling. For the purposes of calculating the resale royalty the Pounds Sterling/Euro rate of exchange will be the European Central Bank reference rate on the day of the sale.

Q: How do I find out about Plymouth Auction Rooms sales?

Its so easy to find out about auctions and events at Plymouth Auction Rooms.

  • Like us on Facebook for daily news

  • Follow us on Twitter .

  • Simply email us to receive a catalogue, they are posted online a week before each auction and can be downloaded or purchased at the saleroom for just £2.

  • You can register for our Newsletter Email. We send out a monthly pre sale notification email about future auctions. click here to register

  • Sign up for Text Alerts

  • Sign up for Lot Alerts

Q: How do I make a bid at Plymouth Auction Rooms?

There are now many ways to Bid at Auction:

ONLINE LIVE BIDDING

Register online at the-saleroom.com to bid online live as the sale is taking place. You can also watch and hear the auction online. Please be aware that online bidding costs an extra 3% plus VAT of the final selling price.  

BID IN THE SALEROOM

Register at the front desk in advance of the auction, where you will receive a paddle number with which to bid. Please bring along proof of ID. Then take your seat in the saleroom and when you wish to bid, raise your paddle and catch the auctioneer’s attention.

LEAVE A COMMISSION BID

You may leave a commission bid by telephone, by email or in person at our salerooms. Simply state the maximum price you would like to pay for a lot and we will purchase it for you at the lowest possible price, while taking the reserve price and other bids into account. Please remember that a buyer’s premium is payable on all lots. There is no charge for this service.

 

BID OVER THE TELEPHONE

 

Book a telephone line before the day of the sale, stating which lots you would like to bid for, and we will call you in time for you to bid through one of our staff in the saleroom. If you can’t get to the saleroom in person, a telephone bid still allows you live participation. We only accept telephone bids for lots estimated at over £500. We will need proof of ID and a credit/debit card detail to arrange this.

Q: How do I Bid Live Online

ONLINE LIVE BIDDING

Register online at the-saleroom.com to bid online live as the sale is taking place. You can also watch and hear the auction online. Please be aware that online bidding costs an extra 3% plus VAT of the final selling price.

You can register while the sale is in progress however we cannot guarantee that we can approve your registration during the sale. (Most registrations are automatically approved).

If you are succesful we email a winners notifaction to you and will collect payment from your registered card on the next day. For amounts over £500 we will ontact yoo and request a bank transfer payment. Please refer to 'How Do I Pay' for more details.

 

Q: Conditions of Sale


We do not accept credit or debit card payments over the phone for amounts in excess of £500. Successful bidders are welcome to arrange payment via bank transfer. Information can be obtained directly from the auctioneer. 

Explanatory Introduction To Our Auctions 
The Auctioneer acts only as agent of the seller (unless otherwise specifically declared). Accordingly a seller is not paid until payment is received from the Buyer, nor is the auctioneer necessarily in a position to know the history of or asses the quality of Lots sold on behalf of these principals. In addition, Lots sold are likely to have been subject to wear and tear caused by use or the effects of age and may therefore have faults and imperfections. Buyers are given ample opportunity at viewing times to examine Lots to be sold and will be assumed to have done so. They must rely solely on their own skill or judgement as to whether Lots are fit for any particular purpose, and as to compliance with catalogue descriptions or illustrations-see Condition 6 

1. Bids 
All bids made shall be treated as offers made upon these conditions of Sale and all persons present are admitted to attend a Sale on the basis that they have notice of these conditions. 

2. Ascertainment of the Buyer 
The Buyer shall be the person making the highest bid which is acceptable to the Auctioneer as signified by the fall of the hammer. In the case of a dispute during or immediately after the sale of the Lot, the auctioneer may if thinks fit put up the Lot again for sale. 

3. Auctioneer’s Discretion 
The Auctioneer has sole discretion (a) to refuse any bid, (b) to advance the bidding as he may decide, (c) to decide whether there has been a dispute as to the bidding and under Condition 2 to resell the Lot in question, (d) to withdraw or divide any Lot or combine one Lot with another or others, and (e) to exclude any person from the auction room. 

4. Reserves and Seller’s Right to Bid 
Lots put up for Sale are subject (a) to any reserve price imposed by the Seller, (b) the right of the Auctioneer to bid on behalf of the Seller, and (c) where no reserve price has been imposed (but in no other case) for the Seller to bid personally or through any one agent. 

5. Buyer’s Duties & Buyers Premium 
The Buyer shall supply his name and address prior to the sale. The Buyer shall forthwith or as soon as reasonably possible after the sale of the relevant Lot (a) supply, if so required, bank or other suitable references, (b) pay the full purchase price in a way acceptable to the Auctioneer, and (c) on proof of payment clear the Lots purchased by him after the Sale in exchange for the auctioneer’s delivery order not later than the two days following the Sale. The full purchase price shall be the final bid plus a VAT-inclusive premium of 20%. 

In accordance with ‘Artists Resale Rights Regulations’ or Droit De Suite enforced on 14th February 2006 all lots marked with a D are subject to a resale royalty charge payable by the buyer. This will apply only to lots prefixed with a D selling for 1000 euros or more and will be charged at the rate of 4% of the total hammer price (exclusive of buyer’s premium). The resale royalty right payment is not subject to VAT and is payable in sterling. The amount due is calculated on the day of the sale at the prevailing rate of exchange. Payment is passed directly to the Design and Artists Copyright Society (DACS), 33 Great Sutton Street, London, EC10 0DX. For further information please contact DACS 0845 410 3410 or www.dacs.org.uk. At the current rate this applies to lots selling over £853.00. 

6. Payment 
Subject only to any arrangements made with Plymouth Auction Rooms the Buyer shall pay the total invoice by 4.30pm on the second working day following the sale. 

The following methods of payment are available: Cash (subject to certain restrictions and legal limits), Cheque, Sterling Bank Draft, Bank Transfer, Credit Card, Debit Cards. 

7. Liability of the Auctioneer and Sellers 
Subject to Condition 8, (a) Lots are sold with all faults and imperfections and neither the seller nor the Auctioneer is responsible for any defects whatsoever, (b) no warranty is given or authorised to be given by the Seller or the Auctioneer with regard to any Lot other than that the Seller had the right to sell it;(c) any express or implied conditions of warranties whether relating to description or quality, are hereby excluded. 

8. Catalogue Descriptions 
The Auctioneer undertakes that care has been taken to see that the catalogue descriptions are accurate and reliable, but these are necessarily matters of opinion only and shall not be taken to be statements of fact. Subject to Condition 8, neither the Seller nor Auctioneer is responsible for the correctness of any description of any lot or its attribution in any manner to any particular originator. 

9. Forgeries 
Notwithstanding Condition 6 and 7, if the Auctioneer receives notice in writing from the Buyer within fourteen days of Sale that in his opinion a Lot is a forgery (as defined in Condition 10) and on giving such notification the Lot in question is returned to the Auctioneer at his working premises in the same condition as when bought, then if on assertion, the Auctioneer decided that the Lot is forgery the sale of the Lot will be rescinded and the purchase price repaid to the Buyer. 

10. Property in Lots and Risks 
The Buyer shall not become the owner of any Lot, and the Auctioneer shall have a lien thereon, until the Buyer has discharged the purchase price, but after the fall of the hammer the risk of any damage or loss shall nevertheless be the Buyer’s. 

11. Definitions and Interpretation 
In these conditions, (a) References to ‘The Auctioneer’ shall be taken to mean, as the context so admits, Plymouth Auction Rooms, or any director, partner or employee thereof at the time of the sale; (b) ‘Buyer’ shall have the meaning ascribed to in Condition 2 and for the purpose of these conditions all buyers shall be deemed to be principals unless to the knowledge of the Auctioneer they are acting as agent on behalf of the named principal; (c)’Forgery’ means a lot (i) which is so constituted as deliberately to deceive when considered in the light of its catalogue description, and (ii) whose value as much as materially less than if it had complied with the catalogue description; (d)The Interpretation Act 1978 shall apply to the general construction of terms and expressions used in these conditions as if in a statue, and these conditions shall be governed by English Law. 

12. Withdrawal of Lots 
The Auctioneers reserve the right to withdraw any lot form the sale at any time before the fall of the hammer with there decision being final. 

13. Remedies for Non-Payment or Failure to Collect Purchases 
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 deficient 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 charge interest at a rate not exceeding 1.5% per month on the total amount due 
e) to reject and ignore bids by you ( and your agents) at any future auctions. 

14. Online Bidding 
Plymouth Auction Rooms offer an online bidding service via the-saleroom.com for bidders who cannot attend the sale. 
In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with Plymouth Auction Rooms you: 
1. authorise Plymouth Auction Rooms, if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and 
2. confirm that you are authorised to provide these credit card details to Plymouth Auction Rooms through www.the-saleroom.com and agree that Plymouth Auction Rooms are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of 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. 

ARTISTS RESALE RIGHT / DROIT DE SUITE 

Droit de Suite is a royalty payable to a qualifying artist or the artist’s heirs each time a work is resold during the artist’s lifetime and up to a period of 70 years after the artist’s death. 

Royalties are calculated on a sliding percentage scale based on the hammer price excluding the buyer’s premium. The royalty does not apply to lots selling below the sterling equivalent of €1,000 and the maximum royalty payable on any single lot is the sterling equivalent of €12,500 . 

Droit de Suite, which is not subject to VAT, will be added to the buyer’s purchase price and then passed on to the relevant collecting agency. 

For further information please contact DACS 0845 410 3410 or www.dacs.org.uk. Or Artist Collecting Society 01845 11 22 400 

Please enquire for the accepted exchange rate on the day of the sale 

Royalties for Droit de Suite are as follows: 

4% Up to €50,000 

Currently £838.00