Conditions of Sale
The minimum value consignment is £500. This is negotiable subject to the quality and suitability of the item/s.
Value Added Tax is charged at the current rate and is payable on all commission and charges.
Standard commission 15%
25% commission is charged on the following:
Large or heavy items, i.e. wardrobes/linen presses, chests on chests, armoires, folding screens, chaise longues, mirrors over a metre (100cm), sets of chairs (set of 6 and over), beds, sofas, pianos, anything with glass or marble, large dining tables, marble fire surrounds, dining suites, mirrored furniture, sideboards, chandeliers, lanterns (anything hanging), sectional furniture, curtains, baths, snooker tables, pictures over 2 metres, large carpets, large desks, quantity lots, i.e. dinner services and glasses.
It is the vendor's responsibility to ensure that individual commission rates are confirmed.
Reserves should be agreed with the Valuer at the time of consignment and may not be raised after a receipt has been issued.
There is a minimum commission charge of £30 per lot.
Loss And Damage Warranty
Charged at 2% of the hammer price of each lot sold (or the expected price for any unsold lots), with a minimum charge of £5 per lot.
Charged at 20% of the latest expected hammer price, with a minimum of £100 per lot + 2% Loss and Damage Warranty + VAT, (e.g. a £600 lot will be charged at £132 + VAT, a £1500 lot will be charged at £330 + VAT)
At our discretion these will be re-offered automatically in the next available auction WITHOUT RESERVE, unless:
- they are removed by 1pm on Tuesday.
- they are sold by private treaty (After Sale).
- instructions are received to the contrary and arrangements made for the removal and/or storage of the lots.
- items valued under £200 and all S code lots will be given to a designated charity (collection every Tuesday at 2pm)
£20 per lot each week will apply + 2% (minimum £5 per lot) Loss and Damage Warranty + VAT.
Storage Charges (None If Re-Offered)
£20 per lot per day + VAT on uncollected lots, as from 1pm Tuesday. Sale proceeds may be withheld until Vendors have collected any lot not being re-offered. All unsold lots un-collected after 48 hours will be given to charity or re-offered without reserve.
When leaving items with us you will need to provide -
- your full name and address
- contact numbers (including an email address if available)
- bank account details
- signed agreement to the Terms and Conditions
Payment To Vendors
A statement will be posted containing information of the sale results and breakdown of all charges. Payment by direct bank credit, 11 days after the sale providing:
- we have your correct and current bank details
- full payment has been received from the buyer
- the item is not subject to any dispute or third party claims
Any queries or discrepancies on receipt of pre-sale, post-sale advices and/or statements MUST be communicated to the relevant valuer/s as soon as possible. LRA are not held responsible for errors of description, genuineness or authenticity of any lot.
All NEW hardwood furniture, will not be accepted for auction, unless a valid certificate complying with FSC (Forest Steward Council) or similar standard is provided.
They are published on our website from 7.30pm each Sunday or call us on 020 7376 6800. An email, post-sale advice, will be sent on Sunday evening.
- All images and other materials produced for the auction are the copyright of Lots Road Auctions for use at our discretion.
- Notices to LRA should be in writing and addressed to the relevant department. Notices to LRA clients shall be posted/emailed to the details provided by the Vendor.
- Should any provision of these Conditions be held unenforceable for any reason, the remaining provisions shall remain in full force and effect.
LRA will use information provided by its clients or obtained by LRA relating to its clients for the provision of auction related services, insurance, marketing and to manage and operate its business, or as required by law.
LRA may wish to record and review video images of you and or telephone conversations for security or legal reasons or as necessary to provide a higher quality of service.
Clients agree that we may use any sensitive information that they supply to us. Unless by law, LRA will not process sensitive personal data without express consent.
Law And Jurisdiction
Governing Law These Conditions of Business and all aspects of all matters, transactions or disputes to which they relate or apply shall be governed by and interpreted in accordance with English law.
Jurisdiction For the benefit of LRA, all Vendors agree that the Courts of England are to have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Conditions of Business relate or apply. All parties agree that LRA shall retain the right to bring proceedings in any court other than the Courts of England.
Service Proceedings All Vendors irrevocably consent to service of process or any other documents in connection with proceedings in any court by facsimile transmission, personal service, delivery by mail or in any other manner permitted by English law, the law of the place of service or the law of the jurisdiction where proceedings are instituted, at the last address of the seller known to LRA or any other usual address.
LOTS ROAD AUCTIONS reserve the right to refuse any goods if they are deemed unsuitable for auction. Any items left for valuation but deemed unacceptable must be collected within 48 hours or storage will be charged. LRA hold no liability for any items uncollected after this time. Unclaimed goods will be donated to charity.