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Payment methods and charges

Payment methods and charges

Payment methods

The following methods of payment may be made:bankers draft, cashiers cheque, personal cheque (if covered by a cheque guarantee card), travellers cheques, debit and credit cards or cash up to a sterling equivalent of €15,000.

Wire transfers

Wire transfers should be sent to:
Lloyds TSB, P.O. Box 1000 BX1 1LT
Account no.01507996
Sort code 30-94-38
IBAN no. GB52 LOYD 3094 3801 5079 96

Credit and Debit cards

Where practical, payment can be made and
purchases collected during the auction.

Storage charges

Storage charges will be levied on all lots not
collected within 30 calendar days of the sale.
This will include a handling fee of £20 (+ VAT)
per consignment and a storage charge of £2
(+ VAT) per lot per day. No goods will be
allowed to be collected until these charges
have been paid.

Artist's Resale Right/Droit De Suite

Droit de Suite is a royalty payable to a qualifying
artist or the artist’s heirs each time a work is resold
during the artist’s lifetime and up to a period of 70
years after the artist’s death.

Royalties are calculated on a sliding percentage
scale based on the hammer price excluding the
buyer’s premium. The royalty does not apply to
lots selling below the sterling equivalent of €1,000
and the maximum royalty payable on any single lot
is the sterling equivalent of €12,500.

Droit de Suite, which is not subject to VAT, will be
added to the buyer’s purchase price and then
passed on to the relevant collecting agency.

Please enquire for the accepted exchange rate on
the day of the sale.

Royalties for Droit de Suite are as follows
4% Up to €50,000
3% €50,000.01 - 200,000
1% €200,000.01 - 350,000