Conditions of Sale

  1. The highest bidder to be the buyer. If any dispute arises the Auctioneers shall have absolute discretion to settle it and put any disputed lot up again for auction.
  2. All buyers are deemed to have read and understood our methods of payment, as outlined in the back of the catalogue and under 'Payment/Collection/Storage'.
  3. All buyers' accounts are to be settled within 24 hours. Successful commission bidders will be contacted Sunday on the telephone number/s provided to confirm collection details.
  4. Buyer's premium 20% excluding VAT payable on all lots (24% including VAT).
  5. Lots marked with an asterisk* in the catalogue denote that 20% VAT is payable on top of the hammer price.
  6. Certain works by living artists (or the estates of if deceased within 70 years), will incur an Artist's Resale Right royalty charge of 4%, when sold with a hammer price of €1000 (approx. £800) or more. Artist's Resale Right royalties are not subject to VAT.
  7. All lots are put up for auction subject to any reserved price imposed by the vendor.
  8. Ownership of the offered lot shall pass to the buyer upon the fall of the auctioneer's hammer when the auctioneer announces that the lot has been sold, from which point the buyer shall assume full risk and responsibility for the lot. The buyers to give in their names and addresses and if requested to pay down 50p in the pound in part payment of the purchase money: in default of which the lot or lots purchased may be immediately put up again and re-sold.
  9. All lots are sold as shown with all faults, imperfections and errors of description or of genuineness of authenticity. Electrical items are untested. Messrs. Lots Road Auctions makes no warranty whatsoever. See (10).
  10. The lots to be taken away at the buyer's risk and expense, not later than 1pm on the Tuesday after the sale; in default of which Messrs. Lots Road Auctions will not hold themselves responsible if the same are lost, stolen, damaged or otherwise destroyed. They will be left at the sole risk of the purchaser, and subject to a storage charge of £20 per lot per day (+ VAT). If at the expiration of the two days after the conclusion of the sale (unless otherwise agreed), the lots are not cleared and/or paid for, they may be sold immediately, either publicly or by private treaty, without notice being given to the defaulters.
  11. It is the buyers' responsibility to measure any item to ensure that it can be accommodated in its' intended location. All buyers must check their purchases before the lots leave the building. Lots Road Auctions will accept no claims for loss or damage thereafter.
  12. Upon failure of the buyer to comply with any of the above conditions, the money deposited in part payment shall be forfeited; and the defaulter shall make good any loss arising from the resale, together with the charges and expenses in respect to both sales.
  13. Care is taken to ensure that any statement as to authorship, attribution, origin, date, age, provenance and condition is reliable and accurate but all statements are statements of opinion and are not to be taken as statements or representations of fact. The Auctioneers reserve the right in the forming their opinion to consult and rely upon the expert opinion or Authority reasonably considered by them to be reliable.
  14. Purchases may be cleared (after payment) during the auction with the aid of the porters.
  15. Written bids (“Absentee Bids”) shall be taken and carried out for the convenience of the bidders. Messrs. Lots Road Auctions shall not be responsible for failing to execute such bids or errors relating to the execution of such bids. Bids will be executed as cheaply as is permitted by other bids or reserves, but will not be sold, for less than 50%, of the highest "Commission Bid" left.

Live telephone bids will only be accepted on lots with an estimate of £500 upwards. Telephone bids on lots of a lower value may be accepted at our discretion. Live Telephone Bids are subject to a “failure to communicate”, it is better to be in the room or leave a bid.

N.B. We are unable to provide a packing service and only hold a minimal amount of packing material.

  • 71 Lots Road, Chelsea, London SW10 0RN
  • Tel: +44 (0)20 7376 6800
  • Fax: +44 (0)20 7376 6899
  • Email: info@lotsroad.com
  • © Lots Road Auctions 2013