Terms and condition for the seller
Any items which you may have can be brought to us, our staff will have the final decision on which auction your item/items will be entered, either our weekly general sale or monthly antique and collectable sale
We accept items everyday except Monday, please feel free to drop by any time before 4.00pm Monday to Friday, 10am – 2pm Saturday/Sunday
Any monies owing to vendors can be collected 10 days after the sale and will be paid by BACs only
Sellers Commission is set at 15% of the hammer price + VAT. There is a minimum commission charge of £1.50 + VAT if the item is sold for less than £10.
All auctions the insertion fee will be £1 +VAT
By entering an item into our sale the vendors are exercising their full ownership and entitlement to sell the item. Bolton auction rooms ltd will not be held responsible for any information found in breaching said agreement with the vendor. If a situation arises Bolton auction rooms ltd will hand all evidence gathered to the correct authorities and any cost to the auction room will be claimed from the vendor, who by entering an item in to the sale agrees fully to these conditions.
All sale items are without a reserve set in the general sale. All reserves for the fine art, antique and collectable sale will be authorised by the auctioneer/manager only and will be agreed in writing prior to the sale. The auctioneer withholds the right to a 10% discretion on the hammer price if deemed necessary for the sale of the item. If the item has not met the reserve it will automatically be placed in to the next sale and the same criteria will be followed until the successful sale of the item. If it was to be removed from the sale without a prior agreement between the vendor and the auctioneer it will incur a removal charge of 10% of the reserve price.
We have a withdrawal fee of 15% plus VAT of the lowest estimate for items in our antique auction (minimum £10). If the item has been online for more than one week, the withdrawal fee will be 30% of the lowest estimate plus VAT. Items in our general auction – we have a fixed withdrawal fee of £10 + VAT per item after 10am on the Friday before the auction.
Under no circumstances can items be removed from any auction the day of the sale.
Any electrical items entered in to the sale are not the responsibility of Bolton auction rooms ltd to verify the safety of the item. We recommend all items before sale are PAT tested but do not require it to be entered to the sale. The full responsibility for the item is with the seller until the item has left the premises with the new owner.
Any item which doesn’t receive a payment from the buyer the auctioneer reserves the right to re-enter it into the next appropriate auction.
We are not responsible for items which are stolen but if any dispute is made we will make all video evidence available to any parties including the police required to show a theft occurred. It will then be down to the authorities to deal with issue from there on and all monies lost can be regained by the criminal offender. If no evidence is found we will insure the cost of the item. If a submitted item goes missing our procedure is as follows. A 3-4 week period of grace to locate the item is applicable and is offered by the vendor. If a successful retrieval of the item is the outcome Bolton auction rooms ltd reserve the right to submit the item to the next suitable sale but may return the item to the vendor if required free of charge. In the unlikely event of a unsuccessful retrieval of the item/items, the manager only will find similar items sold on the-saleroom and work out a average price going off the information gathered. The price the vendor thinks its worth will not be taken into consideration. Proof of our findings will be shown.
In the event that a item is not sold, the vendor is responsible for picking it up before 4pm the Thursday after the auction. Because we have limited storage space we have the right to dispose or donate the item/s after this time period. The vendor will be responsible for storage charges of up to £20 per day per item for larger items or #2 per day per item for smaller items. If we do not hear from you, written notice maybe given via email or post regarding these charges. Storage charges will be taken from any monies owed to the client before payments are transferred.
By entering an item into the sale you agree for the auction house to deduct any relevant costs incurred for the sale of the items from the premiums gained from the sale.
All valuations and appraisals are given by opinion of the individual who has been requested to carry out the task and Bolton auction rooms are in no way liable for the inaccuracy. In the event of the item being foreseen as genuine but at a later date being found to be a forgery, we use valuers of extensive subject knowledge and within that is our commitment to ensuring an accurate appraisal.
Terms and conditions for the Buyers
All bidders are required to be registered with the auction house before bids are made, a paddle number will be allocated to you and this number will be noted by the auctioneer as the hammer goes down.
Buyer’s commission is set 15% of the hammer price + VAT.
All items must be picked up or postage arranged by 4pm the Thursday following the auction. We will be enforcing a storage charge that must be paid before the is collected after the allocated time and date. If the item is not collected or has not been arranged to be collected, we will hold the item/s for 28 days after the sale. After this date the item/s will become property of Bolton Auct