Lots Road Auctions - How To Bid

If this is your first time, we have explained below the different ways you can buy at Lots Road Auctions, we hope you find it helpful.

Droit de Suite
In Person
Absentee: ‘Commission Bid'
Online Commission Bid
Fax a Bid
Telephone Bidding
Buyer’s Premium
Payment/Collection/Storage
Statistics

Droit de Suite
Lots Road Auctions will implement the Artists Resale Right royalty as follows:
Lots Road Auctions will collect the royalty from the buyer for any works of art covered by the royalty (see Buying at Lots Road for full details)

In Person
If you wish to bid in person and attend a sale you will need to register first. Sales can get very busy so please allow yourself sufficient time before the sale to register as a bidder. At reception, you will be asked to fill in a registration form to give your name and address, contact numbers, show a valid credit/debit card or leave a cash deposit. You will not need to fill in a form again on your second visit, simply give your name at reception. Once the form is completed you will receive a paddle – a card printed with your personal number for that sale.

During the sale, simply raise your paddle when you wish to bid and wait for the auctioneer to acknowledge you. Other bidders may wish to bid on the same lot, they will bid against you in the same way. The auctioneer will continue taking bids from each bidder until all but one drops out. The last bidder is the successful buyer and the auctioneer indicates that the lot is sold by knocking down his hammer on the rostrum and announcing the buyer’s number and hammer price.

To see the approximate time a lot will be auctioned - Click here

To see the lot number being currently auctioned - Click here or goto WWW.LOTSROAD.COM/AUCTION

Please allow approx. 10 minutes for registration.

If you are the successful buyer and do not wish to bid on any further lots you can take your lots with you once you have paid in full at reception.

If you require delivery, to see names and numbers of delivery companies

click here.

A representative from Callaghan & Newbury is available on the premises, on the day of the sale.

Absentee: ‘Commission Bid’
You may want to leave a ‘commission bid’ if you cannot attend the sale. We will try to secure the item/s for you at the lowest price possible.

If we receive two bids of equal value, preference is given to the bid that arrives first, so why not leave an amount that does not end with a zero or five e.g. £203 instead of £200).

Alternatively, if your bid price is flexible use a maximum of 3 + signs for each 10% increment (i.e. £300+ equals £330, and £300++ equals £360 approx. ).

A lot will not be sold for less than 50% of the highest 'commission bid'.

Simply print out the Absentee Bidding form, fill in your details, lot number and description and indicate maximum bid amount, and fax it back to us, prior to the sale on: 020 7376 6899.

Please note, Lots Road Auctions does not accept and will not execute commission bids left via email. Faxed and signed forms only will be accepted.

We will try to contact you on the sale day, if you are successful with commission bid(s).

If you are planning on collecting, any successful commission bid items on the sale day, you may wish to phone us, to find out if you have been successful.

To see the approximate time a lot will come up - Click here

To see the lot number being currently auctioned - Click here or goto WWW.LOTSROAD.COM/AUCTION

Please allow approx 10 minutes (Approx 20 lots) for processing, before the result is known.

If you require delivery, to see names and numbers of delivery companies -

Click here.

Online Commission Bid (available from 5pm each Thursday)
To leave a Commission bid online, simply go to the catalogue and click on ‘Leave Bid’ against any lots that are of interest. First time users will need to register and leave full contact information and credit/debit card details. These details will be used for payment of any successful lots, unless we are notified otherwise by 10am Monday. PLEASE NOTE - BIDS WILL NOT BE ACCEPTED IF THIRD PARTY CREDIT CARD DETAILS ARE PROVIDED. For buyers already registered, simply enter your user name and password.
Please note that any changes or cancellations to your left bids will have to be made before 12pm (noon) on the day of the auction. If you wish to leave bids by fax (020 7376 6899) or by telephone (020 7376 6845) please allow sufficient time (approx. 80 lots) prior to your lot/s of interest.
You can check your Commission Bids by going to ‘View Shopping Basket’ where you will have the opportunity to amend or delete your bids.
If you are successful, you will be contacted on the telephone number provided to confirm collection, alternatively you can view the results online from 7.30pm on Sunday evening.
All standard Buyers Terms & Conditions apply; please ensure that you have read these carefully before you bid.
To change your personal details, please go to ‘View Account Details’ and amend accordingly.
For any further information, please email bids@lotsroad.com

N.B. LOTS MUST BE COLLECTED WITHIN 24 HOURS AFTER THE AUCTION

STORAGE WILL BE CHARGEABLE AFTER THIS TIME

Telephone Bid
An auction clerk calls you and he relays your bids to the auctioneer during the bidding of your lot.

Telephone bids are reserved for lots with a minimum estimate of £500 (we can take up to 5 live telephone bids per lot, so book it early). Please supply us with a telephone number you wish to be contacted on and a member of staff will call you 5 lots prior to your lot.

Telephone lines are never 100% reliable, and we ask our telephone bidders to provide us with a cover bid, a pre-arranged bid amount that a member of staff may execute on behalf of a telephone bidder in the event he cannot be reached.

To see the approximate time a lot will come up - Click here

To see the lot number being currently auctioned - Click here or goto WWW.LOTSROAD.COM/AUCTION

If you require delivery, to see names and numbers of delivery companies -

Click here.

Lots Road Auctions does not charge a fee for any bidding service.

Buyer’s Premium (see Buyers conditions)
The buyer’s premium is a percentage the buyer pays in addition to the hammer price.

The current premium is 20% on all the lots + VAT (23.5% including VAT).

Payment/Collection/Storage
Lots can be paid for during the sale and collection must be made within 24 hours. If lots are not collected by Monday 6.00pm a storage charge of £20 + VAT per lot per day will be incurred unless alternative arrangements have been agreed.

Lots Road Auctions will be pleased to accept the following methods of payment: -

Cash
Debit Cards (Switch, Connect, Delta, etc.)
Credit Cards (Visa, Access, MasterCard (+ surcharge of 1.7% + VAT)
American Express (+ surcharge of 3% + VAT)
Bankers Draft and Building Society Draft

Useful Statistics
We offer 500 to 600 lots every Sunday.

Our estimates are accurate 60% of the time, with 20% making more and 20% making less.

We sell 50% of the sold lots to absentee and internet bidders.

Recent
Bargains

Click here to see larger image
Retail - £3,000
Hammer - £450

Retail - £3,000
Hammer - £680

Retail - £6,500
Hammer - £150