How To Sell At Lots Road Auctions

You can either:
-    Bring items in person to be valued and the team will assess if they are suitable for auction. We can carry out on-site valuations Tuesday and Wednesday each week, or any other time by appointment only. Alternatively, are happy to make a provisional valuation from clear photographs.

-    In some cases a member of staff can conduct valuations of items in situ. Please contact our valuations department to talk over this option.

-    Too busy to stop by in person? Email the valuations team with as much detail as possible and measurements, attaching jpegs or pdfs of the item: valuations@lotsroad.com

-    For all painting and picture valuations, email: paintings@lotsroad.com with dimensions and artist information.

Important Information

Remote valuations are subject to change upon inspection.

All vendors will be asked to sign the Booking in Receipt and agree to the Terms and Conditions, which form our contract with you.

Valuations

Valuation days, offering a full service are: Tuesday and Wednesday 9am to 5pm. It is best to contact valuations before visiting to ensure the relevant staff are present.

If you would like to have an item valued at another time, please make an appointment by emailing valuations@lotsroad.com.

Useful information
-    The latest time for consigning an item for an upcoming auction is 3pm on Wednesday.

-    After this time, accepted items will be placed into the next auction to make sure they have enough exposure on upcoming viewing days.

-    If the valuations team decide an item is more suitable for a specialist auction, it will be held back for that particular event.

-    Acceptance of items for auction is dependent on inspection by the team and a value agreement by both the team and the vendor.

-    There is a minimum expected value of £200 on individual items and a minimum total consignment value of £500.

Valuation enquiries

Tel: 020 7376 6836
Email: valuations@lotsroad.com

Please remember:

-    Acceptance of items for an upcoming auction is based on inspection and value agreement.

-    There is a minimum expected value of £200 on individual items and a minimum total consignment value of £500.

-    Items valued and accepted into the sale can be delivered to the showroom from 9-5pm Tuesday to Wednesday.

-    We recommend Callaghan and Newbury as carriers for multiple or large items.

When consigning to us, sellers will need to provide the following information:

-    Full name and address

-    Contact telephone number and email address

-    Bank account details (payment is made by BACS transfer 18 days after the sale)

-    Sign the Booking in Receipt confirming agreement to the reserves & estimates and our Terms and Conditions.

Conditions of Sale

Minimum Consignment

The minimum value consignment is £500. This is negotiable subject to the quality and suitability of the item/s.

VAT

Value Added Tax is charged at the current rate and is payable on all commission and charges.

Commission/Reserves

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 1 metre, 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 £40 per lot + VAT.

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 + VAT.

Withdrawn Lots

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)

Unsold Lots

At our discretion these will be re-offered automatically in the next available auction WITHOUT RESERVE, unless:

1. they are removed by 2pm on Tuesday.
2. they are sold by private treaty (After Sale).
3. instructions are received to the contrary and arrangements made for the removal and/or storage of the lots.
4. items valued under £200 and all S code lots will be given to a designated charity (collection every Tuesday at 2pm)

Unsold Charges

£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 2pm 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.

Vendor Details

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, 18 days after the sale providing:

1. We have your correct and current bank details.
2. Full payment has been received from the buyer.
3. The item is not subject to any dispute or third party claims.

Sale Documents

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.

Hardwood Furniture

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.

Results

Published on our website from 6pm each Sunday or call us on 020 7376 6800. An email post-sale advice will be sent on Sunday evening.

General

1. All images and other materials produced for the auction are the copyright of Lots Road Auctions for use at our discretion.
2. 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.
3. Should any provision of these Conditions be held unenforceable for any reason, the remaining provisions shall remain in full force and effect.

Data Protection

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.

We assume and expect all items to be in excellent condition unless you have clearly told us otherwise. Any items deemed imperfect, damaged, broken, stained etc. may be rejected on arrval. If you are sending down modern upholstered furnishings it is a legal requirment that they have UK fire safety labels on them, otherwise we are not able by law to accept them into the building. 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.