Buyer's Information
Condition Reports
We are happy to provide Condition Reports to prospective buyers, but would welcome your request as soon as possible, preferably at least 48 hours before the Day of Sale. We cannot guarantee a reply to any requests made within 48 hours of the start of the auction. The absence of a Condition Report from a lot does not mean that the lot is in perfect condition. A Condition Report is an honest expression of our opinion, not a statement of fact and is provided as a service to the seller. All lots are available on public view ahead of an auction and we encourage prospective buyers to inspect an item in person where possible. Our Condition Reports are not prepared by professional conservators, restorers or engineers, and are prepared with the naked eye unless otherwise stated. Works are not examined out of the frame, unless specifically stated. We accept no liability for the opinions expressed in any Condition Report.
Tennants Auctioneers do not cover damage to gilded wood or plaster picture frames, or to picture frame glass whilst the item is in our possession.
Caveat Emptor
The principle of caveat emptor applies to the sale of all goods sold at auction by us. Furthermore, we have no control over the condition of any item offered for sale.
Additional Images
Requests for additional images of items in the sale can made up to 48 hours before the Day of Sale.
Online Bidding
We offer an online bidding service via our own platform - Tennants Live Bidding at www.tennants.co.uk. Items purchased via this platform will be subject to an additional 1.5% commission charge plus VAT at the prevailing rate. We also offer online bidding via www.the-saleroom.com for prospective buyers who cannot attend the sale. Items bought via this platform will be subject to an additional 4.95% commission charge plus VAT.
By completing registration on www.the-saleroom.com and providing your credit/bank card details and unless alternative arrangements are agreed with us, you;
(a) authorise Tennants, if they so wish, to charge the credit/bank card given in part or full payment, including all fees, for items successfully purchased in the auction via www.the-saleroom.com; and
(b) confirm that you are authorised to provide these credit/bank details to Tennants through www.the-saleroom.com and agree that Tennants are entitled to permit the shipping of the goods to the card holder and card holder address provided in fulfilment of the sale.
We do not accept any liability for any losses, however arising, as a result of a prospective buyer’s use of www.the-saleroom.com. Use of www.the-saleroom.com is subject to separate terms and conditions which do not form part of these conditions.
Telephone Bidding
Requests for telephone bidding must be registered at least one hour prior to the close of the View Day. We will not accept requests on the Day of Sale. Telephone Lines are booked on a first-come, first-served basis and are subject to a minimum lot value of £500 for Fine Art Sales and £200 for all other sales.
Absentee Bidding
Whilst reasonable endeavours will be made to execute absentee bidding up to the Day of Sale, Tennants will not be liable for any default or neglect in connection with this service. All such arrangements therefore are made entirely at the Prospective Buyer’s risk.
VAT
Value added tax or any equivalent tax chargeable in the UK or elsewhere.
AML Due Diligence
We conduct appropriate Due Diligence checks to comply with current Anti Money Laundering regulations for any buyer exceeding the threshold of £8,000. We reserve the right to withhold the purchased lots until such checks have been completed.
Agency
We act as agents for the Seller, whose details remain confidential. If you buy at auction your contract is with the Seller, not us.
Export/CITES Regulations/Ivory Act 2018
CITES-restricted items and Ivory Exempt items will be accompanied by a current CITES Article 10 licence/Ivory Exemption Declaration where applicable and the licence/exemption declaration number will be displayed within the original catalogue description (required by UK law). Both CITES Article 10 licences and Ivory Exemption Declarations are non-transferable and buyers must apply for a new Article 10 licence/Ivory Exemption Declaration in their name if they wish to sell to a third party.
It is the sole responsibility of the buyer and/or contracted shipping agent to have in place the correct CITES re-export and import licences into the buyer’s chosen country before shipping can be undertaken.
CITES regulations are given on www.ukcites.gov.uk or may be obtained from:
The Animal and Plant Health Agency
Centre for International Trade
Horizon House
Deanery Road
Bristol BL1 5AH
wildlife.licensing@apha.gsi.gov.uk
0117 372 3700
Those species that are covered by the US Endangered Species Act (USESA) or The Migratory Bird Treaty Act (MBTA): potential US bidders should check with USF&W (US Fish and Wildlife Services) for trade/possession restrictions in the US prior to bidding.
Picture Descriptions
The forename(s) (or asterisks where not known) and surname of the artist indicates, in our opinion, a work by the artist named.
The initials of the forename(s) and the surname of the artist indicates in our opinion a work of the period of the artist which may be wholly or in part his work.
The following terms apply in our determination of a picture description:
(a) “Attributed to” - is in our opinion probably a work by the artist.
(b) “Studio of” - is in our opinion a work from the studio of the artist which may or may not have been executed under his direction.
(c) “Circle of” - is in our opinion a work of the period of the artist executed under his immediate influence.
(d) “Follower of” - is in our opinion a work by a painter working in the artist’s style, contemporary or nearly contemporary, but not necessarily his pupil.
(e) “Manner of” - is in our opinion a work in a style related to that of the artist, but of a later date.
(f) “School accompanied by the name of a place or country and a date” - means that in our opinion the picture was executed at that time and in that location; e.g. Flemish School, 17th century.
(g) “After” - an artist is in our opinion a copy of any date after a work by that artist.
(h) “Signed and/or dated and/or inscribed means that in our opinion the signature and/or date and/or inscription” - are from the hand of the artist.
(i) “Bears signature and/or dated and or inscription means that in our opinion the artist’s name and/or date and/or inscription” - have been added by another hand.
(j) All references to signature, inscriptions and dates refer to the present state of the work.
(k) Dimensions are given height before width and do not include the frame.
(l) Pictures are framed unless otherwise stated.
Droit de Suite/ Artists’ Resale Rights
All items in this catalogue that are marked with “✓” are potentially qualifying items, and the royalty charge (set out below) will apply if the Hammer Price is more than £1,000. The royalty charge will be added to purchase invoices, and must be paid before items can be cleared. All royalty charges are paid to either the Design and Artists Copyright Society (“DACS”) or the Artists’ Collecting Society (“ACS”) by the auctioneers, and no handling costs or additional fees with respect to these changes will be retained by the auctioneer.
From 14 February 2006 United Kingdom art market professionals (which includes auctioneers) are required to collect a royalty payment for all works of art that have been produced by living artists, and those who have died within the last 70 years. This payment is calculated on qualifying works of art which are sold for a Hammer Price more £1,000.
The royalty charge for qualifying items which achieve a Hammer Price of more than £1,000 is as follows:
Up to £50,000 – 4%
£50,000.01 to £200,000 – 3%
£200,000.01 to £350,000 – 1%
£350,000.01 to £500,000 – 0.5%
Exceeding £500,000 – 0.25%
For further information please visit www.dacs.org.uk or www.artistscollectingsociety.org. There is no VAT payable on this royalty charge.
Coloured Stones
It should be noted that gemstones are often treated to improve their appearance. Heating, for instance, can intensify the colour or transparency of sapphires and rubies, whilst oiling can improve the clarity of emeralds. The international jewellery trade generally accepts these methods. Once heated, the colour enhancement is permanent, though there may be some effect on the durability of the gemstone in question. Once a gemstone has been oiled, the process may need to be repeated in the future to maintain the clarity.
Watches
All Lots are sold as seen, and the absence of any reference to the condition of a watch does not imply the lot is in good condition and without defects, repairs or restorations. Most watches have been repaired in the course of their normal lifetime and may now incorporate parts not original to them. We do not undertake any
inspection of any watches prior to any Sale. We make no representation or warranty that any watch is in working order. As watches often contain fine and complex mechanisms, Prospective Buyers should be aware that a general service, change of battery or further repair work, for which they are solely responsible, may be necessary.
Vehicles/Motorbikes
All Lots are sold as seen. We do not accept any responsibility for any repairs/defects or restorations of any such item. We have not carried out inspections or testing on such items and the absence of any reference to the condition of a vehicle or motorcycle does not imply it is in good condition. We make no representation of warranty as to any condition of any vehicle or motorcycle.
Post 1950 Furniture
Some furniture offered in the sale (as applicable) was not originally intended for use in a private home and will be sold under the category “works of art”. It is possible that some furniture does not comply with the Furniture and Furnishings (Fire)(Safety) Regulations 1989 and, for this reason, should not be used in a private home or re-upholstered. We do not provide any warranty or guarantee as to the safety of such furniture or the compliance with the Furniture and Furnishings (Fire) (Safety) Regulations 1989.
Books
If, upon collation, any book sold in a specialist Book Sale as an individual item is found to lack any text-leaves or illustrations, the item may be returned to Tennants within seven days of the Day of Sale with a written description of the defect and in the same condition as it was purchased.
This warranty shall not apply to:
• Any defect mentioned in the catalogue description, pre-sale condition report (whether provided on the Tennants website or any other online platforms), any written or verbal representation made privately to the buyer, or in any announcement made at the time of sale.
• The absence of any blanks, half-titles, errata (leaves or slips), tissue-guards, or advertisements; damage to bindings; any staining, spotting, marginalia, marginal tears or any other defects not affecting the completeness of the text or illustrations.
• Atlases, maps, manuscripts, periodicals, postcards or ephemera.
• Books not individually named in a catalogue description.
• Books explicitly catalogued as not collated or sold as seen.
• Any book lots sold in any Tennants sale other than the specialist Book Sale.
Method of Payment
Payment is accepted by cash up to £6,000, debit or credit card, cheque or bank transfer.
Card payments where the card holder is not present will only be accepted for transactions up to £500.
Payment can be made and purchases collected during the auction.
All accounts must be settled within 14 days of the sale. Accounts not paid within 14 days will automatically be subject to an interest charge of 5% above base rate from the day of sale.
Collection
We are open for collections by appointment Monday – Friday between 8.30am and 5pm. Saturday collections between 8.30am and 2pm are only available when there is a sale (check Auction Calendar) and STRICTLY BY APPOINTMENT. Smaller items can be collected from our Harrogate Office by prior arrangement during their office hours.
In-House Shipping
We offer an in-house shipping service for non-fragile items up to a total value of £5,000 (inclusive of buyer's premium, VAT and any other associated charges). Please check the Shipping Tab at the bottom of the relevant lot description page to see if Tennants' shipping is available on the lot. Prices start from £25, depending on size and destination. Items are fully insured and can be traced from despatch to delivery. If you choose Tennants’ shipping, you will receive a revised invoice, which you will need to pay in full before items are despatched. We aim to despatch within seven working days following receipt of payment.
To obtain a quote for packing and shipping, or to discuss your requirements, please email shipping@tennants-ltd.co.uk or call 01969 623780.
External Shipping
Buyers may appoint their own shippers or use one of our preferred suppliers for all UK deliveries and international shipping. Their contact details are as follows:
Bradleys Antique Packing Services Ltd (National & International)
01325 281332
info@antiquepacking.co.uk
Carrs Carriers Ltd (National)
0191 307 7024 or 07958 023028
carrscarriersltd@gmail.com
Mailboxes Etc (National & International)
0113 242 8715
info@mbeleedscity.co.uk
Terms of Business
General Conditions of Sale
1. Definition
Tennants of Yorkshire Fine Art and Antique Auctioneers Limited are referred to as “Tennants”, “we”, “us” or “our” throughout these Conditions. A representative of Tennants conducting an auction is referred to as the Auctioneer. These definitions apply to these Conditions and to the buyer’s information form.
Auctioneers’ Margin Scheme - As described at clause 20.
Buyer - the highest bidder on a Lot as determined by the Auctioneer.
Buyer’s Premium - percentage of the Hammer Price added to the Hammer Price payable to Tennants as set out in clause 28.
Conditions - These Terms of Business including the Buyers’ Information form.
Condition Report - a report conducted by us as to the condition of a Lot upon written request from a Prospective Buyer following the guidance found in the buyer’s information form.
Sale - a purchase by the Buyer of a Lot from the Seller.
Prospective Buyer - any person registering an interest in making a purchase of a Lot.
Day of Sale - the date upon which an auction takes place for a Lot.
Lot(s) - An item offered for sale by a Seller at an auction conducted at our premises by an Auctioneer.
Hammer Price - the final price bid by a Prospective Buyer prior to the Auctioneer concluding an auction.
View Day or Days - a day determined at our discretion for Prospective Buyers to view Lots. Time allocated for viewing will be determined according to the size and nature of the Lots.
2. Agency
Tennants act throughout as agents only and we cannot be held responsible for any default by Buyers.
3. Attribution and Condition of Lots
Reasonable endeavours are made to ensure the accuracy of any statement as to authorship, attribution, origin, date, age, provenance and condition of any lot whether or not such statement forms part of the description of any such lot. Whether any such statement is made orally or in the catalogue it is merely an expression of opinion given by us. Each Prospective Buyer by making a bid for a Lot acknowledges that they have satisfied themselves fully as to the attribution and condition of the Lot. We make no warranty or representation as to the condition or attribution of any Lot.
In respect of pictures, these have not been removed from their frames unless specifically mentioned in the Condition Report. We accept no liability for any damage for any lot arising during the viewing, during the sale or after the sale. We act as agents only.
Forgery: Any Lot that proves to be a deliberate forgery may be returned to Tennants by the Buyer within 21 days of the Sale provided it is in the same condition as when bought, and is accompanied by particulars identifying it from the relevant catalogue description and a written statement of defects. If Tennants are satisfied from the evidence presented that the Lot is a deliberate forgery Tennants shall refund the amount paid (including Buyer’s Premium and VAT) unless:
(a) if the catalogue description or condition report reflected the accepted view of scholars and experts at the time of the sale; or
(b) you are unable to transfer a good and marketable title to us, you shall have no rights under this condition.
4. Liability
Nothing in these Conditions limits any liability which cannot legally be limited, including liability for:
(a) death or personal injury caused by negligence;
(b) fraud or fraudulent misrepresentation; and
(c) breach of the terms implied by section 2 of the Supply of Goods and Services Act 1982 (title and quit possession).
Subject to this clause, our total liability to either the Buyer or the Seller (as appropriate) shall not exceed the value of the Lot sold by the Seller to the Buyer.
The following types of loss are wholly excluded by us:
(a) loss of profits;
(b) loss of sales or business;
(c) loss of agreements or contracts;
(d) loss of anticipated savings;
(e) loss of or damage to goodwill; and
(f) indirect or consequential loss.
5. Disputes
Any dispute not herein proved for shall be settled at the sole discretion of Tennants.
6. General
Tennants shall have the right, at their discretion, to refuse admission to their premises or attendance at their auctions by any person.
No party shall be in breach of these Conditions nor liable for the delay in performing, or failure to perform, any of its obligations under these Conditions (or otherwise) if such delay or failure results from events, circumstances or causes beyond its reasonable control.
The Conditions constitute the entire agreement between the parties and supersede and extinguish all previous agreements, promises, assurances, warranties, representations and understandings between them, whether written or oral, relating to its subject matter.
Except as set out in these Conditions, no variation of these Conditions shall be effective unless it is in writing and signed by the parties (or their authorised representatives).
These Conditions, and any dispute or claim (including non-contractual disputes or claims) arising out of or in connection with it or its subject matter or formation shall be governed by and construed in accordance with the laws of England.
Each party irrevocably agrees that the Court of England shall have exclusive jurisdiction to settle any dispute of claim (including non-contractual disputes or claims) arising out of or in connection with the Conditions or its subject matter or formation.
7. VAT
Value Added Tax at the current rate is payable on all commissions, premiums and charges.
Relating to the Seller
8. Commission
Seller’s commission is 15% of the Hammer Price of each Lot on all sales. The minimum commission charge whether sold or unsold is £15.00 per Lot. Commission is payable upon demand by the Seller to Tennants.
9. Right to Refuse
We reserve the right to use our discretion to refuse any Lot for sale.
10. Unsold Items
An unsold Lot will be subject to a fee of £15.00. A Lot which fails to sell, and which the Seller does not wish to be re-offered, will be stored free of charge for seven days, after which a storage and handling charge of £5.00 per Lot per day will be applied. Any storage charges accrued must be paid by the Seller to Tennants prior to the release of any stored Lots.
11. Haulage Charges
The charge for haulage is £60.00 per hour (minimum charge £60.00), to include travelling to and from the location of any Lot and the loading, unloading, packing and unpacking of any Lot and appropriate insurance.
12. Withdrawn Items/Cancellation of Sale by Seller
The fee for cancelling a Sale or for withdrawal of a Lot prior to the Sale is 20% of the estimated value or the reserve (determined at our sole discretion), plus any reasonable costs incurred. In Fine Art, Country House and any Specialist sales (determined at our sole discretion) there is an additional minimum charge of £50.00 per Lot.
13. Withdrawn item/cancellation of Sale by Tennants
We accept no liability for any cancellation/postponement/default of a Sale. We reserve the right to withdraw any Lot from a Sale at our discretion and no liability will be accepted should we, at our discretion, withdraw a Lot for Sale.
14. Loss and Damage Warranty
Subject to any insurance policy the Sellers may have to cover their goods away from home and unless otherwise instructed in writing, Tennants will hold all goods on their premises and in their custody against the risk of breakages, fire, burglary and water damage for which they will charge 1.5% per £100.00 of the Hammer Price, or the reserve price if the goods are not sold (minimum £1.00). Tennants shall not be held responsible for the loss, damage, theft or destruction of any goods not so covered. In the event of a claim any settlement figure shall be based on the lower sale estimate.
Tennants Auctioneers do not cover damage to gilded wood or plaster picture frames, or to picture frame glass whilst the item is in our possession.
15. Illustrations and Photographic Images
Illustration and Photography charges will be agreed with the Seller before publication in any catalogue or media channel. Any illustrations must be approved by the Seller prior to publication. Tennants own the copyright to all images created prior to sale which may be used in subsequent marketing activities across any media channel.
16. Reserves
Sellers are entitled to place reserves on any Lot they have consigned. A reserve cannot be higher than the bottom estimate advertised at the time of the Sale and may include a 10% increase at the Auctioneer’s sole discretion.
17. Electrical Items
Electrical items must comply with all current trading standards legislation. Tennants reserve the right to dispose of any Lot which does not comply, at our sole discretion.
18. Soft Furnishings
The sale of soft furnishings is strictly regulated by the Furniture and Furnishings (Fire) (Safety) Regulations 1988 (as amended in 1989, 1993 and 2010). Any Lot found not to comply with these regulations will not be accepted for sale and must be removed at the Sellers expense or disposed of by Tennants at the Sellers expense. For the avoidance of doubt, we do not conduct testing of soft furnishings for compliance with the Furniture and Furnishings (Fire) (Safety) Regulations 1988
(as amended in 1989, 1993 and 2010) and no warranty or representation in relation to the same is accepted or given. It is the sole responsibility of the Seller to ensure compliance.
19. Disposal of Items
Tennants will dispose of items from house clearances which, in our opinion and at our sole discretion, are of no saleable value. A charge relating to the tip charge incurred by Tennants in disposing of these items will be made for this service.
20. VAT
Value Added Tax at the current rate is payable on all commissions, premiums and charges.
21. The Auctioneers’ Margin Scheme
This allows Tennants to sell items without VAT on the Hammer Price and under the scheme, Tennants shall not separate out the VAT from the Seller’s commission or Buyer’s Premium.
22. Payment
The “net sale proceeds” received from the Buyer in cleared funds will be forwarded to the Seller no later than 28 working days after the auction (Tennants shall use reasonable endeavours to settle non-catalogue sales within 14 working days after the auction). Where the buyer makes a payment more than 28 working days after the auction Tennants shall send to the Seller the “net sale proceeds” within five working days of receipt of cleared funds from the Buyer. The “net sale proceeds” are the Hammer Price less commission and expenses set out in the Property Receipt and Instruction Form. The Seller waives any right to interest that may be earned during the period from payment by the Buyer to receipt of the “net sale proceeds” by the Seller. For the avoidance of any doubt, the Seller shall have no recourse to Tennants where payment is not received by Tennants from the Buyer.
23. Consigning Lots
We may, at our absolute discretion, put any Lots not sold at a Sale, in a future Sale. Whilst we will use reasonable endeavours to notify a Seller of this, such actions are not contingent of notice being given.
Relating to the Buyer
24. Registration
Prospective Buyers must register in writing before a Sale, giving their full name, address, contact telephone number(s) and email address. First time buyers will be required to provide proof of identity (i.e. driving licence/passport), a valid debit or credit card and a copy of a utility bill or a document showing their name and address. Upon receipt of the above a paddle will be issued, which is only valid for the Sale. This paddle may be used to indicate your bids to the Auctioneer during the Sale. If successful, the Prospective Buyer must ensure that the Auctioneer can
see their number as indicated on the paddle and that it is their number that is called out. Should there be any doubts as to price or Buyer, please draw the Auctioneer’s attention to it immediately. No liability shall be accepted for failure to rectify an error during a Sale.
25. Condition Reports
Only certain lots have reference to damage and restoration. However, the absence of any such notice does not imply that a Lot is free from defects, nor does it indicate that other defects are not also present. All Potential Buyers are deemed to have viewed all pieces they intend to bid for, and to have fully satisfied themselves as to the condition of the same. Condition Reports for Lots are available at www.tennants.co.uk.
Tennants Auctioneers do not cover damage to gilded wood or plaster picture frames, or to picture frame glass whilst the item is in our possession.
All Lots are sold as seen.
26. Telephone Bidding
Requests for telephone bidding must be registered a minimum of one hour prior to the close of the View Day. We will not accept requests on a Sale Day. Telephone lines are booked on a first come first served basis and are subject to a minimum Lot value of £500 for the Fine Art Sale and £200 for all other sales. Full name, address and telephone numbers will be required together with proof of identity and address. Bank and credit/debit card details are also necessary to secure the line.
27. Online Bidding
Tennants offers an online bidding service via www.tennants.co.uk. Items purchased through this platform will be subject to an additional 1.5% commission charge plus VAT. Online bidding is also available at www.the-saleroom.com. Items bought via this platform will be subject to an additional 4.95% commission charge plus VAT.
By completing registration with either of these online bidding platforms and providing your credit/bank card details and unless alternative arrangements are agreed with Tennants you:
(a) authorise Tennants, if they so wish, to charge the credit/bank card given in part or full payment, including all fees, for items successfully purchased in the auction via either of these online bidding platforms;
(b) confirm that you are authorised to provide these credit/bank details to Tennants and agree that Tennants are entitled to permit the shipping of the goods to the card holder and card holder address provided in fulfilment of the sale; and
(c) Agree that Tennants accepts no liability for any losses, however arising, for usage of www.the-saleroom.com which operates pursuant to its own terms and conditions. These Conditions solely regulate the relationship between us and you.
28. The Buyer
The highest bidder acknowledged as such by the Auctioneer will be the Buyer. If any dispute arises, the Auctioneer shall have sole discretion to settle the matter. The Auctioneer shall rule the bidding and no bid may be retracted. The Auctioneer reserves the right to refuse any bid. The Buyer who is successful in purchasing any Lot or Lots is entirely responsible for paying for such Lot or Lots in accordance with these Conditions. Purchases made on behalf of a third party are the responsibility of the Buyer in the room. The Auctioneer reserves the right to bid on behalf of the Seller for any Lot and to withdraw, consolidate or divide any Lot or Lots.
29. Buyer’s Premium
A Buyer’s Premium of 22% plus VAT is payable on each Lot in Antiques & Interiors Sales (26.4% in total). A Buyer’s Premium of 24% plus VAT is payable on the first £1,000,000 of the hammer price (28.8% in total), and 20% plus VAT (24.0% in total) of that part of the hammer price in excess of £1,000,000, on each Lot in Specialist, Country House and Fine Art sales, and a 10% plus VAT Buyer’s Premium on Motor Vehicles and Motorcycles (12.0% in total).
30. Auctioneers’ Margin Scheme
The Auctioneers’ Margin Scheme allows the Auctioneer to sell items without VAT on the Hammer Price. Under the Auctioneers’ Margin Scheme an amount equivalent to VAT is added to the Buyer’s Premium. This amount cannot be refunded. VAT will not be shown separately on the Buyer’s invoice.
31. Payment
Payment is due immediately from the Buyer after the auction and must be paid in pounds sterling.
The following methods of payment may be used:
• Bankers draft;
• cashier’s cheque;
• personal cheque;
• travellers’ cheques;
• BACS/CHAPS
• debit and credit cards;
• cash up to £6,000; and
• Bank transfer
Bank transfers should be sent to:
Barclays Bank, High Row, Darlington, DL3 7QS
Sort code: 20-25-29
Account number: 13187632
Account name: Tennants Auctioneers Client account
IBAN: GB68BUKB20252913187632
Swift/Bic: BUKBGB22
Card payments where the card holder is not present will only be accepted for transactions up to £500.00.
Payment can be made, and purchases collected, during the auction. Accounts not paid within seven days will automatically be subject to an interest charge of 5% above base rate from the day of sale.
32. Transfer of Risk
The risk in the Lot shall pass to the Buyer upon the completion of the Sale by the Auctioneer. Tennants are not responsible for the correct description, genuineness or authenticity of any Lot as per these Conditions. The Buyer is deemed to have inspected each Lot and satisfied himself as to its condition.
33. Ownership of the Lot
Title to the Lot(s) purchased will not pass to the Buyer until the Buyer has paid Tennants in full the total amount due pursuant to these conditions and Tennants have applied such payment to the Lot.
34. Storage and Collection
Please note furniture, carpets, clocks and larger works of art lots will remain at our premises for seven days following each sale, after which they will be removed to store and arrangements for collection must be made in advance by the Buyer.
Storage charges will be levied on all lots not collected within seven days of the Sale. This will include a handling fee of £5.00 per Lot as well as a storage charge of £5.00 per Lot per day. Lots may not be collected until these charges have been paid without set off or deduction.
35. Droit De Suite/Artist’s Resale Rights
From 14 February 2006 United Kingdom art market professionals (which includes auctioneers) are required to collect a royalty payment for all works of art that have been produced by living artists, and those who have died within the last 70 years. This payment is calculated on qualifying works of art which are sold for a hammer price more than £1,000. It is the responsibility of the buyer to acquaint themselves with the actual Euro to UK sterling exchange rate on the day of the sale. The actual qualifying threshold will be calculated by the Artist’s Resale Right Service Hub based on the European Central Bank reference rate published at 2.15pm on the day of the sale and can be found on www.dacs.org.uk.
