How do I buy at Warwick Auctions?
There are three different methods of buying at Warwick Auctions:
Attending the sale in person: The easiest method. You just come along and bid directly. You will also be able to pay and collect immediately after the sale.
Leaving a Commission Bid: A member of our staff will bid on your behalf and try and buy the lot for you at the cheapest possible price that other bids or reserves allow. You will need to fill in a Commission Bidding form and either fax it to us or submit it when you visit to view the sale.
Telephone bidding: You may contact us prior to the sale to arrange a telephone bid. A member of our staff will call you in plenty of time and bid on your behalf. This service is only available on bids which exceed a pre-sale estimate of £200.
How do I pay for my goods?
Payment methods: We accept payment by cash, cheque and credit/debit cards. Credit cards carry a surcharge of 2%.
Commission rates: Purchasers are subject to a buyers commission of 12.5% of the ‘hammer’ price.
Collection: Purchased lots can be collected from our saleroom only on receipt of payment. You may pay and collect for your items on the day of sale up till 5pm or by special arrangement with the saleroom staff.
What kinds of things do you sell?
In short, almost anything. From antiques to cars and undelivered parcels to the whole range of domestic goods and appliances. Our Knowledgeable, helpful staff are always on hand to provide additional information and estimates of sale prices. A proxy bidding service is also available for prospective buyers who cannot attend a particular sale.
Transport and Storage
Whether buying or selling single lots at auction, or arranging a complete house clearance, additional specialist services may well be required, particularly if valuable antiques, delicate or even unusual heavy items are to be moved or stored. We offer a full delivery service on all sale items which can be arranged immediately after the sale with our transport representative who will provide you with a quote.
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When are the auctions held?
Every Wednesday at 10am. The first Wednesday of every month is reserved for the sale of antiques and collectables. General and parcel sales are held on the remaining Wednesdays of the month.
Who sells?
Auctions are now a well-established market. Warwick Auctions sell on instructions from a wide cross section of private individuals, professional representatives, collectors, galleries and traders.
Free pre-sale advice is available from our resident valuers, but if necessary, home appraisals can be arranged. The service is comprehensive and flexible, and designed to ensure that selling is both trouble-free and profitable.
What can be sold?
Almost anything, from a single item to the whole contents of a house! The company will handle household furnishings and domestic effects, inexpensive treasures and objects of purpose to all manner of more valuable collectable items, antiques and works of art.
Why sell?
Local and national advertising guarantees high profile promotion that attracts a wide range of prospective buyers between which the auctioneers promote competition to ensure that the best possible prices are achieved.
The service is comprehensive yet flexible and designed to make selling both trouble free and profitable. Effective procedures ensure that sellers receive payment, accompanied by an individually priced statement once all items submitted have been sold, usually within 12 - 14 days.
How easy is it?
It couldn’t be simpler; sellers need only to contact our office or bring the items along and we will give you free pre-sale advice without obligation. We will endeavour to answer any questions you may have. You can also arrange to have items viewed, again without obligation and collected by our experienced transport team.
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CONDITIONS OF ACCEPTANCE OF GOODS FOR SALE BY AUCTION
Vendors are required to sign a statement incorporated in this from to the effect that the goods submitted are their own unencumbered property or that they have authority to dispose of the same on behalf of the rightful owner.
These goods are collected by our transport contractor for delivery to the auction room. A charge will be made and deducted from the proceeds of the sale remitted to the Vendor.
Any items that remain unsold will be entered in one further sale and if still unsaleable will be disposed of.
Good are accepted for sale on the strict understanding that the Auctioneers reserve the right to describe lots as they alone shall decide.
Goods are accepted for sale without reserve UNLESS instructions as to reserve prices are given in writing by the Vendor to the Auctioneers before sale.
Items submitted for all sales will be subjected to a 1% insurance charge based on the hammer price which will be deducted from proceeds of sale remitted to the Vendor.
Warwick Auctions rate of commission will be 20% of gross realisation in the case of general fine art and antiques sale. Buying in charges on unsold lots with reserves (fixed by vendors) will be 5% of the reserve. A minimum charge of £1 per lot will be made whether sold or unsold. VAT shall apply at the appropriate rate on all commission and charges.
Colour/black and white photographs of particular items can be included in sales catalogues at an agreed cost.
Instructions with regard to disposal or collection of unsold lots should be given within seven days by the Vendor. Failing which the items will be either disposed of or offered for sale without reserve. The Auctioneers reserve the right to sell or dispose of any uncleared lots without regard to any instructions they may have received written or otherwise prior to the sale in which the lots were last offered nor can the Auctioneers be liable for any loss, damage or deterioration to the said lots after the lapse of the aforementioned seven day period.
Settlement will normally be within twenty-one days of sale but the Auctioneers state that they act only as Agents and accept no responsibility for any default whatsoever on the part of either the Purchaser or the Seller. In particular they accept no liability for repayment to the seller for any lot or lots until they themselves have received payment from the Purchaser.
VAT REQUIREMENT
Vendors who send for sale by Auction any items which are an asset to his/her business must disclose to the Auctioneers whether or nor he/she is a registered person for VAT purposes and if so state the registered number .
Goods accepted from registered Vendors are so accepted in accordance with H.M Customs & Excise pamphlet No.710 approval being given for the application of the self billing system.
Vendors must notify the Auctioneers when operating under the special scheme for the sale of antique items.
Please refer to the Conditions of Sale applicable to Vendors available from the Auctioneers office and/or printed in the sale catalogue.
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Warwick Auctions will carry out valuations for private individuals, trustees, solicitors and other professional representatives. We also act as agents for the Official Receivers, County Courts, Insolvency Practitioners, Solicitors and Estate Agents. Our team of expert valuers will be glad to give impartial advice and verbal or written valuations.
Warwick Action is the bailiff arm of Warwick Auctions specialising in Distress for Rent matters, Removal, Storage & Sale by Auction.
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