Buying
 

The decision to buy will usually follow the inspection of the goods, either on-line through this site, www.the-saleroom.com or ukauctioneers.com, where condition reports and further images can be requested via email, or through attending the saleroom during the pre-sale viewing.

 

Viewing

 

Our fortnightly general sales (commencing on Mondays at 11am) can be viewed:

The previous Friday from 2.30-4.30pm

Sale day (Monday) from 9.15am

 

Specialist Sales (commencing on Tuesdays at 12 noon) can be viewed:

The day before (Monday) from 10am until 4pm.

Sale day (Tuesday) from 10am

 

Specialist Northern Artists Evening Sales can be viewed:

The day before (Monday) from 10am-7pm

Sale day (Tuesday) from 10am

Additional viewing times can be arranged by contacting the saleroom.

 

Important Considerations

 

It is important that clients have satisfied themselves as to the condition, suitability for purpose and authenticity of any lots they are interested in prior to sale.

 

Once the hammer has fallen, the successful bidder has entered into a legally binding contract to purchase the goods at the given price, and that any lots purchased are also subject to an additional charge called a buyer’s premium. This is currently 16% + VAT, of the hammer price. 

 

Any lots which are entered by clients who are VAT registered will also be subject to VAT being charged on the hammer price, as well as the buyer’s premium. Any lots subject to this additional charge will be announced by the auctioneer and will be clearly marked in the catalogue with an asterix symbol next to the lot number.

 

Following the introduction of the Artist’s Resale Right Regulations on the 14th February 2006, a levy is payable only on works sold in the secondary market (including through auction) for 1000 Euros or more (approximately £850 hammer price. The Royalty rates payable to the artists are calculated as a percentage of the sale price on a sliding scale, 4% is payable on works between the value of 1000 Euros to 50,000 Euros, down to 0.25% payable on works valued at over 500,000 Euros. Resale royalties are not subject to VAT.

 

Capes Dunn will collect the required amount due from the buyer of any work, which is covered by the regulations.

 

YOUR ATTENTION IS PARTICULARLY DRAWN TO THE FOLLOWING

Whilst Capes Dunn & Co make every effort to ensure the accuracy of their catalogue and the description of any lot:

(a) Each lot as set out in the catalogue or as divided or combined with any other lot or lots is sold by the vendor with all faults, imperfections and errors of descriptions.

(b) Capes Dunn & Co do not accept responsibility for the authenticity, genuineness, origin, authorship, date, age, period, condition or quality of any lot, unless they have been instructed in writing by the vendor so to certify, and in such case the Auctioneers do so as agents of the vendor and are not themselves responsible for such claims.


(c) All statements, whether printed in the catalogue or made orally as to any of the matters set out in (b) above are statements of opinion only and are not to be taken as being or implying any warranties or representations of fact by Capes Dunn & Co, unless they have been instructed in writing by the vendor so to certify, and in such case the Auctioneers do so as agents of the vendor and are not themselves responsible for such claims.

(d) Droit de Suite The Artist’s Resale Right Regulations
Following the introduction of the Artist’s Resale Right Regulations on 14 February 2006, Capes Dunn will implement the new levy as follows:
Capes Dunn will collect the same amount as the resale royalty from the buyer for any work of art covered by the regulations.
Royalty rates will only apply to works sold in the secondary market and not for those sold for the first time, and for works which are sold for €1000 or more. Royalty rates are calculated as a percentage of the sale price on a sliding scale from 4% (from €1000 to €50,000) down to 0.25% (over €500,000). Resale royalties ARE NOT subject to VAT.

 

Bidding

 

All lots are purchased at auction are obtained through bidding. Clients will need to obtain a bidding number before they are able to bid during the sale. In order to obtain a number, clients are required to register their details with the office prior to the sale, either during the viewing, when they can register in person, or via email or telephone.

 

Capes Dunn offers clients the following options for bidding:

 

In the Room - where the client will attend the sale and bid for lots, using their allocated bidding number. This must be shown to the auctioneer if the client is successful.

 

Commission Bidding - this is where the client is unable to attend the sale themselves, but has inspected the goods and would like to bid on the lot(s). In these cases, the client will be required to fill out a ‘commission bidding’ form at the office, the client will need to fill in their details and also write down the amount that they would like to bid on the lot(s). The saleroom will then bid on their behalf during the sale, up to the amount that the client has agreed that they are prepared to pay.

 

Telephone Bidding - the client is unable to attend the sale, but can be contacted on the telephone during the sale. In these instances a member of staff will contact the client and bid on their behalf, in the room, during the sale. No additional charge is made for this service, although telephone lines are limited and will be accepted on the basis that the client has a serious interest in the lot and is prepared to pay the upper estimate or above, if required, for the lot(s) that they have booked the telephone bid(s) for.      

 

All commission and telephone bids must be registered with the saleroom by 11am on the day of sale.

 

Live on-line Bidding, via the internet - Clients are now able to listen to the auction, and bid 'live', in real-time, through the site:

www.the-saleroom.com

Please log onto the site prior to sale to faimiliarise yourself with their terms of business and the additional costs incurred in using this option.

Payment

 

All goods must be paid for within 48 hours of the date of sale, any extension of this must be agreed with the saleroom prior to the date of sale

 

Following the sale, payment for the goods can be made either by:

Cash, due to money laundering regulations, we are unable to accept payment of more than £5,000 in cash for an individual lot.

 

Cheque, Made payable to: Capes Dunn & Co.

Please note: cheques need to clear before goods can be collected.

 

Debit Card, From UK account, payment accepted in person by card holder, or maximum of £500 if payment made over the telephone, only one telephone payment accepted per invoice.

 

Credit Card, From UK account, payment accepted in person by card holder

Please note: All payments by credit card need to be made 'in person', we DO NOT accept credit card payments over the telephone.

Payment by Credit Card will incur an additional 2.5% + VAT handling fee. We DO NOT accept American Express.

 

Direct Bank Transfer, please email for details

 

Bankers Draft   

 

Collection of Goods

All goods must be collected within 48 hours of the date of sale, any extension of this must be agreed with the saleroom prior to the date of sale.

 

Please note: we do not pack or ship items ourselves. For smaller items we recommend our local branch of Mailboxes Etc, Please contact

Max White on:

+44 (0)161 236 7333

sales@mbemanchesterpiccadilly.co.uk

For larger items, with local delivery, we may be able to provide our company van, which is fully insured and charged at £40+VAT per hour, based on 2 men and a van, Piano removal from £75+VAT.  Alternatively we can put you in touch with local carriers.