Terms Of Business
The seller authorises Perry & Phillips to deduct Commission at the published rate – 16% of hammer price – high value items by negotiation. Insurance is charged on all lots at a premium of 1% of hammer price. There is a minimum commission charge of £4 per item. VAT applies at the current rate according to HM Customs & Excise.
A charge of £4 per item applies plus VAT at the current rate. This covers administration costs.
All items will be sold without reserve unless notified on the Receipt Form or otherwise in writing. Perry & Phillips will be pleased to advise on suitable protective reserves prior to the sale.
Perry & Phillips can arrange collection of items with their own transport – goods covered by insurance premium. Goods delivered by a third party are not insured until they are accepted at Perry & Phillips’ premises.
Receipt Of Goods
All goods delivered to Perry & Phillips’ premises will be deemed to be for sale by auction unless otherwise stated in writing to be sold at Perry & Phillips discretion, accepted by them and subject to all sale conditions. Instructions given by telephone are accepted at the seller’s risk and must be confirmed in writing.
Perry & Phillips acts as an agent for the seller and does not claim any responsibility on behalf of themselves or the seller for any mis-descriptions concerning lots. In accordance with the requirements of the Terms and Conditions of Sale, Perry & Phillips will rescind the sale of any item which is considered (in the light of further evidence) to be a deliberate forgery or misrepresentation. The seller agrees to be bound by Perry & Phillips decision.
The seller shall indemnify Perry & Phillips against any claims in connection with any goods sold on the seller’s behalf.
Perry & Phillips are not responsible for default by either the buyer or the seller because they act as Agents for the seller only. Therefore, no payment is made to the seller until payment is received from the buyer.
Loss Or Damage
Unless caused by the negligence of their employees, Perry & Phillips disclaim all responsibility for loss or damage, or for unauthorised removal of goods.
Storage Of Goods
Perry & Phillips reserve the right to store goods delivered to them for sale, either on their own premises or elsewhere. They reserve the right to make a charge for storage and any other associated costs. A similar warehousing charge will be applicable for goods left on their premises if vendor fails to remove them. They also reserve the right to dispose of any items not legally saleable (or considered to be unsaleable) and to charge for the removal and disposal of such items.
All goods on Perry & Phillips premises and in their custody will be held insured against Fire, Theft and Accidental Damage for which Perry and Phillips will levy a premium. The basis of the cover will be the hammer price, less commissions and deductions for sold lots or in the case of unsold lots, the reserve price, or in the case of no reserve fixed, the lower end of Perry & Phillips’ estimate.
Payment To The Seller
Will be made 30 days after the date of the Auction subject to full payment being made by the Buyer(s). The Seller waives any rights to any interest that may have been earned during the period from payment by the Buyer to despatch of sale proceeds to the buyer.
We hold free Valuation Days every Wednesday from 10 am to 4 pm. Items can be accepted on other weekdays by appointment. Any items brought to our salesroom will be valued for auction purposes free of charge. Receipts will be issued and reserve prices fixed at this stage. Alternatively, a Valuer can inspect your property at home or in store by appointment.