In these Terms and Conditions, "The Auction House North Shields Ltd" will be referred to as "The Auction House," "we," "us," or "our." The individual conducting the auction is known as the Auctioneer. These definitions apply to both these Conditions and the Buyer’s Information Form.
The Auction House acts solely as an agent for the Seller, and we are not responsible for any default by the Buyer.
While we strive for accuracy in any statements regarding authorship, origin, condition, and other attributes of a Lot, these are only opinions. By bidding, the Buyer confirms they are satisfied with the Lot's condition and attribution. We do not provide warranties or guarantees regarding any Lot's condition or authenticity.
Our liability is limited by law and does not extend to:
In all other cases, our liability to the Buyer or Seller will not exceed the Lot’s sale price.
Any dispute not covered by these Conditions will be resolved at our sole discretion.
The Auction House reserves the right to refuse admission to the premises or auction participation. We will not be liable for delays caused by circumstances beyond our control. These Conditions constitute the entire agreement, superseding any prior agreements, and may only be modified in writing.
Currently, we are VAT-exempt. Once VAT-registered, VAT will be applicable on all commissions, premiums, and charges.
The Seller will pay a commission of 20% of the Hammer Price plus £3 for each Lot sold. The commission is due upon demand.
We reserve the right to refuse any Lot for sale.
An unsold Lot will incur no fee. However, if the Seller does not wish for the Lot to be reoffered, it will be stored for up to seven days free of charge. After that, a £5 per day charge will apply for storage. All storage fees must be settled before any items are released.
Haulage services are charged at £60 per hour, with a minimum charge of £60. This includes travel time, loading, unloading, and packing.
The fee for withdrawing a Lot or cancelling a sale before the auction is 20% of the Lot’s estimated value, plus any reasonable costs incurred.
We reserve the right to withdraw any Lot from a Sale, and will not accept liability for any such withdrawal.
We will hold goods in our custody against breakages, fire, theft, and water damage unless the Seller has other insurance. We are not responsible for loss, damage, or theft of goods not covered by insurance.
We retain the copyright to all images created for marketing purposes.
Sellers may place a reserve on any Lot, but it cannot exceed the lower estimate or may be increased by 10% at the Auctioneer’s discretion.
Electrical items must meet current legislation. We reserve the right to dispose of any items not in compliance.
Soft furnishings must comply with the Furniture and Furnishings (Fire) (Safety) Regulations. Non-compliant items will be rejected.
We reserve the right to dispose of items considered unsaleable, and the Seller will incur any disposal charges.
Once VAT-registered, we will apply VAT on all commissions, premiums, and charges.
We may sell items under the Auctioneer's Margin Scheme, meaning VAT will not be applied to the Hammer Price but will be added to the Buyer’s Premium.
The Seller will receive the "net sale proceeds" no later than 28 working days after the auction, minus commission and expenses.
The Seller waives any claim for interest during the payment period.
We may include unsold Lots in future auctions, although reasonable efforts will be made to notify the Seller.
Prospective Buyers must register in writing before the sale, providing full name, address, and contact details. Proof of identity is required for first-time buyers. A paddle number will be issued upon registration.
While we provide condition reports upon request, Buyers are advised to view the Lots they intend to bid on and satisfy themselves of their condition.
Requests for telephone bids must be made at least one hour before the View Day. Telephone lines are subject to availability and a minimum Lot value of £40.
Online bidding is available through this website.
The highest bidder recognized by the Auctioneer will be the Buyer. If a dispute arises, the Auctioneer has sole discretion to settle the matter.
Under the Auctioneers' Margin Scheme, VAT is applied to the Buyer’s Premium, but not to the Hammer Price once we VAT registered
Payment is due immediately after the auction and must be in pounds sterling. If payment is not made within 24 hours we reserve the right to cancel all purchases.
Payment methods include:
Bank transfers should be sent to:
Lloyds Bank PLC
| Sort code | 30-54-66 |
| Account number | 31281268 |
| Account name | The Auction House North Shields Ltd Auctioneers Client account |
| IBAN | GB19LOYD30546631281268 |
| Swift/BIC | LOYDGB21F95 |
Card payments where the cardholder is not present will be accepted only for transactions up to £500.00. Payment can be made and purchases collected at the end of the auction. Accounts that remain unpaid for seven days will automatically incur an interest charge of 5% above the base rate, calculated from the date of the sale.
The risk associated with the Lot will pass to the Buyer upon the completion of the Sale by the Auctioneer. The Auction House North Shields Ltd is not responsible for the accuracy, genuineness, or authenticity of any Lot as stated in these Conditions. The Buyer is considered to have inspected each Lot and satisfied themselves regarding its condition.
Ownership of the Lot(s) purchased will not transfer to the Buyer until the full payment is made to The Auction House North Shields Ltd, and the payment is applied to the Lot.
Please be aware that furniture, carpets, clocks, and larger works of art will remain at our premises for seven days following the sale. After this period, items will be moved to storage, and arrangements for collection must be made in advance by the Buyer.
Storage charges will be applied to all Lots not collected within seven days of the Sale. This includes a handling fee of £5.00 per Lot and a storage charge of £5.00 per Lot per day. Lots may not be collected until these charges are paid in full, without set-off or deduction.
From 14 February 2006, UK art market professionals (including auctioneers) are required to collect a royalty payment for works of art created by living artists and those who have passed away within the last 70 years. This payment applies to qualifying works of art sold for a hammer price of more than £1,000. It is the responsibility of the Buyer to check the applicable Euro to UK sterling exchange rate on the day of the sale. The exact qualifying threshold will be calculated by the Artist’s Resale Right Service Hub based on the European Central Bank reference rate published at 2:15 PM on the day of the sale and can be found at www.dacs.org.uk.
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