Auction Antiques make it as easy as possible to buy at auction; we always advise visiting and viewing items you wish to bid on prior to the sale then, you can choose to attend the sale and bid in person or, bid online via Easylive or The Saleroom.
The ‘hammer price’ or winning bid is a contract to buy the item at that price plus any associated fees. All lots carry a buyer’s premium in addition to the hammer price and certain lots may additionally have Artists’ Resale Rights or VAT on the hammer price, both will be clearly marked in the catalogue, if applicable, and are further explained below.
All items will be given a ‘lot number’ to identify them. This can be cross referenced against the catalogue and on-line listings where their will be a brief description, price guide and a photograph (The printed catalogue may not have images).
Before every auction there will be a calendar of viewing days and times, giving you plenty of opportunity to view each item and make notes against the lot numbers you are interested in.
Viewings will be at our saleroom at The Antique Village near Exeter and entry is gained by one of our printed catalogues that are available on the door.
Bidding in the Room
We welcome you attending our auctions and enjoying the buzz of the atmosphere.
If attending the auction, you will be asked for proof of identity and address. Please keep your bidder’s number (paddle) and show it to the auctioneer if a lot is knocked down to you.
Buyers are charged a premium of 25% (+VAT) in addition to the hammer price.
Live Online Bidding
If you call or come in to our Saleroom you can leave absentee bids with us and we will bid up to your maximum on your behalf or, you can create an online account as above, at either Easylive or The Saleroom and you can leave bids there for their systems to automatically bid for you.
Buyers are charged a premium of 25% (+VAT) in addition to the hammer price by us and if you bid online additional charges apply as above.
We would greatly appreciate the receipt of all bids by the end of the sales viewing period, to allow us time to process them.
N.B. We cannot guarantee the execution of bids left after the start of the sale.
Artists’ Resale Rights
Pictures and original prints by European artists are subject to a resale royalty if the hammer price exceeds 1000 Euros. This has now been extended to include living artists and all European artists who have died since 1942.
The buyers of such lots agree to pay Auction Antiques this royalty and we shall forward it to the artists’ collecting agents. The rate varies as follows:
€1000.00 to €50,000 – 4%
€50,000.01 to €200,000 – 3%
€200,000.01 to €350,000 – 1%
€350,000.01 to €500,000 – 0.5%
Exceeding €500,000 – 0.25%ARR is capped at €12,500
Please note ARR is calculated in euros. The Euro rate of exchange will be based upon the European Central Bank rate on the day of sale as all invoices are issued in Pounds Sterling.
Please speak to us if you have any questions.
VAT on Hammer Price
In some cases, you may be liable for the payment of any VAT on the hammer price but this will be clearly indicated in the catalogue.