Buying at Auction
To bid at our auctions you will need to register directly with us (in person, over the phone, or via email) or sign up online via the-saleroom.com or www.eastbristol.co.uk. Our buying fees direct are 18.5% of the hammer price, plus VAT on the commission (22.2% in total). If you bid online additional fees will apply and these are namely 4.95%+VAT (the-saleroom.com) and 3&+VAT (bid.eastbristol.co.uk). In all instances, buyers are asked to check the specific fees before bidding as occasionally an auction may have different commission rates set.
All sale items are professionally photographed and described, and the finished catalogue is available on the-Saleroom.com and www.eastbristol.co.uk. Catalogues can also be purchased on the day of sale for a small charge.
We accept payment by cash, debit card (no limit) or credit card (£200 limit), bank transfer, or direct payment via the-saleroom.com. Cheques are not accepted.
Collection from our saleroom must take place within 7 days of the sale date unless there has been prior agreement. Please note that we do not have the capacity to store items for customers for more than 2 weeks without prior agreement. Uncollected items will be subject to storage charges. We reserve this right.
Please see our shipping page for details on fully insured flat rate delivery.
Buyers Terms and Conditions
Conditions of Sale
East Bristol Auctions Ltd carries on business with bidders, buyers and all those present in the auction room and online prior to or in connection with a sale on the following General Conditions and on such other terms, conditions and notices as may be referred to herein.
(a) ‘Auctioneer’or ‘we/us’ means the firm East Bristol Auctions Ltd or its authorised auctioneer, as appropriate;
(b) ‘Hammer price’ means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;
(c) ‘Terms of Consignment’ means the stipulated terms and rates of commission on which Bristol Auctions Ltd accepts instructions from sellers or their agents;
(d) ‘Total amount due’ means the hammer price in respect of the lot sold together with any premium. Value Added Tax chargeable and any additional charges payable by a defaulting buyer under these Conditions;
(e) ‘sale proceeds’ means the net amount due to the seller, being the hammer price for the lot sold less commission at the stated rate, Value Added Tax chargeable and any other amounts due to us by the seller in whatever capacity and however arising;
(f) ‘You’, ‘Your’ etc refers to the buyer as identified in condition 2;
(g) The singular includes the plural and vice versa as appropriate.
(b) The maker of the highest bid accepted by the auctioneer conducting the sale shall be the buyer at the hammer price and any dispute about a bid shall be settled at the auctioneer’s absolute discretion by re-offering the Lot during the course of the auction or otherwise.
(c) Bidders shall be deemed to act as principals.
(d) Our right to bid on behalf of the seller is expressly reserved up to the amount of any reserve and the right to refuse any bid is also reserved.
ARTISTS RE-SALE RIGHT. Buyers of the re-sold art of living artists will be charged the royalty where applicable. Currently this is 4% on any item sold at 1000 Euros or over, diminishing about 50,000 Euros. VAT is not applicable. Further details can be obtained from our office.
(2) You shall at your own risk and expense take away any lots that you have purchased and paid for no later than five working days following the day of the auction after which you shall be responsible for any removal, storage and insurance charges.
(3) No purchase can be claimed or removed until it has been paid for.
(a) To proceed against you for damages for breach of contract;
(b) To rescind the sale of that Lot and/or any other Lots sold by us to you;
(c) to resell the Lot (by auction or private treaty) in which case you shall be responsible for any resulting deficiency in the total amount due (after crediting any part payment and adding any resale costs). Any surplus so arising shall belong to the seller;
(d) To remove, store and insure the Lot at your expense and, in the case of storage, either at our premises or elsewhere, at cost to you.
(e) To charge interest at a rate not exceeding 1% per month on the total amount due to the extent it remains unpaid for more than five working days after the sale;
(f) To retain that or any other Lot sold to you until you pay the total amount due;
(g) To reject or ignore bids from you or your agent at future auctions or to impose conditions before any such bids shall be accepted;
(h) to apply any proceeds of sale of other Lots due or in future becoming due to you towards the settlement of the total amount due and to exercise a lien on any of your property in our possession for any purpose.
(2) We shall, as agent for the seller and on our own behalf pursue these rights and remedies only so far as is reasonable to make appropriate recovery in respect of breach of these conditions.
(2) Private treaty sales made under these Conditions are deemed to be sales by auction for purposes of consumer legislation.
In completing the bidder registration on www.the-saleroom.com and providing your credit card details and unless alternative arrangements are agreed with East Bristol Auctions Ltd. you:
1. authorise East Bristol Auctions Ltd., if they so wish, to charge the credit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and
2. confirm that you are authorised to provide these credit card details to Bristol Auctions Ltd. through www.the-saleroom.com and agree that East Bristol Auctions Ltd. are entitled to ship the goods to the card holder name and card holder address provided in fulfilment of the sale.
Please note that any lots purchased via the-saleroom.com or www.artfact.com live auction services will be subject to an additional 4.95% commission charge + VAT at the rate imposed on the hammer price
Under the regulations set by the Financial Conduct Authority (FCA), East Bristol Auctions is required to provide appropriate identity evidence for HMRC when transactions take place over £10000. This is to prove that all buyers seeking to purchase high value items from East Bristol Auctions are who they say they are.
Buyers registering to bid via Saleroom.com and East Bristol Auctions own website will register to bid initially by entering an email address ( subject to validating) a current address of residence along with a valid debit or credit card that details will be matched against each other to verify your identity and to protect us from theft and fraud, complying with AML laws. Successful bidders of items over £10000 using internet bidding will be sent an email after purchase asking for these, which includes details on what kind of documents we can accept. Please note, in some instances, if we are unable to verify your identity as a bidder on items of a value over £10000, we will possibly not be able to process your bid and it may be cancelled as a result. Once your identity has been verified, we will inform you via email.
Buyers submitting telephone bidding requests and commission bids prior to the auction will also be subject to the above requirements and document requests prior to bidding thus satisfying both East Bristol Auctions and the current regulations for the Money Laundering Act .
East Bristol Auctions will be required by law to meet current compliance requirements for example, under UK AML (anti-money laundering) HMRC laws, or individual countries customs laws and regulations and disclose this information