All purchases will be subject to an additional charge of 22.8% inc VAT. Charges
This form is to be used for the submission of commission bids in the
Thursday 1st of January 1970
Please be reminded that we DO NOT accept absentee credit or debit card payments for the purchase of Lots.
We can at a cost pack and post specific items once bank transfer/telephone banking or sterling cheque is cleared.
Payment should be made within 7 days of sale.
Terms & Conditions
BIGWOOD FINE ART AUCTIONEERS LTD ("BIGWOODS")
Charged at 19% + VAT at the current rate
On some occasions, Lots are marked with an *(asterisk) which means they are subject to VAT on the hammer price. This is because we have been asked to collect the VAT on behalf of the vendor.
REGISTERING TO BID
Purchasers are reminded to register and obtain a bidding number from the Sale Room Office by providing full contact details with proof of address
Absentee Bids will not be accepted from purchasers who have not registered with their full registered address and contact telephone details (PO box addresses not accepted). Proof of identity and/or references may be required.
Full purchase payment in Pound Sterling only.
Accepted methods of payment
Cash (under £ 9,000), debit and credit cards (credit cards are subject to an additional charge of 3% on the entire invoice).
Pound sterling cheques - standard clearance timescale being 10 working days;
Bankers draft (in Pound sterling);
National bank transfer - details upon request; or
International bank transfer An additional £ 12 is added to international bank transfer invoices due to intermediary banks currently charging, at will, this fee in-between bank transferor and our bank.
WE DO NOT accept absentee credit or debit card payments
Buyers are reminded that Bigwood Fine Art Auctioneers Ltd. reserves the right to charge interest on all Lots which have not been paid for 5 working days following the sale, together with storage charges at the minimum rate of £ 5.00 per item per week plus VAT.
Artists Re-sale Rights may apply to some Lots (See below)
Registered bidders are welcome to leave commission bids either at our Salerooms, or by completing the Commission Bid Form on the catalogue page of our website
Bigwood Fine Art Auctioneers Ltd reserves the right not to accept absentee bids.
Telephone lines cannot be booked to bid on lots with estimates under £ 100. Bidders who still want to bid on a lot with an estimate below £ 100 may still do so if they open the bidding at £ 100. When booking a telephone line to bid on a lot with an estimate above £ 100, the bidder confirms he/she is prepared to purchase the Lot at the lower end of the estimate should there be difficulties obtaining the bidder by telephone or if there are no other bidders on the Lot. This is the covering bid. The telephone bidder is welcome to leave a higher covering bid prior to the auction
POSTAGE & PACKING
We provide a limited packing and postal service via Special Delivery or courier once settlement funds have cleared. For paintings, very heavy, extremely fragile and some items to be sent overseas we would suggest obtaining quotes from:-
or other shippers.
Local Mailbox - Stratford upon Avon 01789 294968 01789 294968
Purchasers are reminded to carefully examine items prior to sale. Whilst the Auctioneers are willing to give written condition reports, these may not reveal certain imperfections in any lot. The exact physical condition, the extent of any defect, restoration or repair must be ascertained by intending purchasers by thorough inspection of the lots prior to bidding at the sale. The Auctioneers take no responsibility whatsoever for the condition of any of the lots included in sales.
There may be some additions and amendments from the time you receive a condition report or image and the start of the sale.
ARTISTS RESALE RIGHT (payable by the purchaser)
From 14 February 2006 living artists are entitled to receive a resale royalty each time their art work is resold by or to an art market professional.
Art work must reach or exceed a qualifying threshold of 1000 Euros (approx £ 900).
Rates are calculated as a percentage of the hammer price and are set out in a sliding scale from 4% to 0.25%. VAT does not apply to Artists Resale Rights.
Portion of the hammer price Royalty rate
From 0 to 50,000 euro 4%
From 50,000.01 to 200,000 euro 3%
From 200,000.01 to 350,000 euro 1%
From 350,000.01 to 500,000 euro 0.5%
Exceeding 500,000 euro 0.25%
Visit www.dacs.org.uk for further information and the daily exchange rate set by the European Central Bank. Or telephone 0845 410 3410.