Free valuation for sale

 

We offer a free verbal valuation service for items brought into the salerooms, although appointments are advised.   Appointments to have a valuer visit you at home are easily arranged by contacting either the office at the salerooms or the London office in South Kensington.  

 

Rights to sell

 

In consigning items for sale the vendor or the agent of the vendor warrants that the items are rightfully theirs to sell, with no financial or legal encumbrance thereon.

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Instructions

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As auctioneers all goods delivered to Semley Auctioneers or collected by Semley Auctioneers after correspondence with the vendors or their agents will be deemed to be for sale by auction unless otherwise stated in writing, and will be catalogued and sold at Semley Auctioneers’ discretion and accepted by Semley Auctioneers subject to the General Conditions of Sale.   In the event of a lot failing to sell or selling but not being paid for by the buyer the vendors or their agents agree to that lot being re-entered into a later sale either at a lower reserve (in the event of that lot failing to meet the reserve), or at the same reserve (in the event of that lot selling but not being paid for by the buyer).   Each vendor or their agents acknowledges that he or she has accepted and agreed to be bound by all these conditions. 

 

Reserves

 

In most instances a reserve price will be agreed.   The auctioneer may, at his sole discretion, sell an item below this figure but, in doing so agrees to forward to the vendor that amount which would have been due had the lot sold at the agreed reserve.

 

Pre-sale advice

 

A confirmatory pre-sale advice letter or e-mail will be sent a few days prior to the sale date.   This will include the lot number, description and reserve price of each lot as it will appear in the catalogue and on the websites.   Unless notice is given to the contrary it is assumed that the vendor or agent of the vendor approves the pre-sale advice.    

 

Settlement

 

Sale proceeds are usually made about three weeks after the sale date, provided that full cleared payment has been received from the buyer(s) of the vendor’s lot(s).

 

Sale proceeds will be made by bank transfer, unless specific arrangement has been made for payment by a different method.   Bank charges for payments to overseas accounts will be deducted from proceeds. 

 

Charges

 

Commission is charged at 15% of the hammer price plus VAT at the standard rate, with a minimum commission of £8.33 plus VAT per lot.  

 

Indemnity against loss or damage is charged at 1.5% plus VAT of the hammer price.   This indemnity is limited to the value of the pre-sale mid estimate.

 

Illustrations which appear in the catalogue and/or on the websites which host the catalogues are charged at £ 18.00 plus VAT per lot, regardless of how many images are taken of each lot.   Illustrated lots which sell for less than £ 360.00 (hammer price) will be charged at 5% of the hammer price plus VAT.   Further illustrations used in additional advertising will be charged at cost.  

 

There are no charges for unsold lots with agreed reserves.   Unsold lots will be re-assigned to a later sale, usually with an adjusted reserve.   The auctioneers reserve the right to apply a charge of 38.5% of the mid estimate plus illustration charges and any other charges incurred, on lots withdrawn from sale by the consignor or unsold where a reserve has been placed by the consignor with which the auctioneers do not agree.   VAT is payable on all charges.          

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Removal costs will be charged where appropriate, as agreed with the recommended carriers.   Collections made employing Semley Auctioneers’ vehicles and staff are charged at £ 26.00 plus VAT per hour for one staff and vehicle, rising to £ 39.00 plus VAT per hour for two staff and vehicle.   These charges will be deducted from sale proceeds.   There are no storage charges for items consigned for sale unless Semley Auctioneers has requested the items be removed from their premises and this has not been actioned within ten days of that request.

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Anti-Money Laundering
 

Semley Auctioneers Limited is regulated under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, per Amendment no. 1511 (2019). The reference number as a supervised business is XZML00000183748. Accordingly, for qualifying transactions and in certain situations, Semley Auctioneers Limited will be required to collect information necessary to comply. The completion of sales is contingent on the provision of such information by customers, and any suspicious activity will be reported to the National Crime Agency.

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