How to Buy

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

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.

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.

A representative from Callaghan & Newbury is available on the premises, on the day of the sale. Bill Callaghan: 07903 299 810, Terry Newbury: 07794 751 445

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'.

LIVE BIDDING

Live internet biding is available from 6pm Thursday through our partner:

You will be required to register on this site and then register to bid in our auction. As soon as you have received confirmation of your registration, you will be able to either leave commission bids or bid when the lot comes up for auction

  • PLEASE REGISTER IN PLENTY OF TIME FOR THE AUCTION
  • Commission bids will be available up to one hour before the start of the auction
  • Additional 3% +VAT surcharge on all successful internet bids
  • ALL OUR STANDARD TERMS & CONDITIONS APPLY

Fax a 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.

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

Online Commission Bid (available from 6pm 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 6.30pm 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 BY 1PM ON THE TUESDAY 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.

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 hammerprice.

The current premium is 20% on all the lots + VAT (24% 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 Tuesday 1pm 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 2.5% + VAT)
  • American Express (+ surcharge of 3.5% + VAT)
  • Please note all overseas Debit Cards will be charged as a Credit Card
    (ie. 2.5% + VAT)
  • Bankers Draft and Building Society Draft
  • BACS transfer for UK accounts ONLY:
    Bank: HSBC, Pall Mall, SW1Y
    Acc Name: Lots Road Auctions
    Sort Code: 40 05 20
    Account No: 0137 3870
    IBAN: GB81MIDL 40052001373870
    Swift Code: MIDL GB22
    Please use your Buyer ref. and sale date as the payment reference and contact the cashiers to inform them

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.

  • 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