KLM Auctioneers buyer's premium is 10% (15% from 13th November 2020)
Goods must be paid for and collected on the day of the sale, or the following Monday/Tuesday between 9am and 2pm.
Minimum bid £5.00 (£6.00 from 13th November 2020).
All sales are conducted according to our printed ‘Conditions of sale’ which are available for inspection and are on our website, please ask if there is anything you do not fully understand.
Acceptable payment methods are debit card, credit card (which attracts a 2% electronic charge), and cash (the Money Laundering Regulations of 2003 mean we cannot accept cash payments in excess of £7,500).
Estimates are designed to help buyers gauge what sort of sum might be involved for the purchase of a particular lot. The lower estimate may represent the reserve price and certainly will not be below it. Estimates do not include the buyer’s premium. Estimates are prepared some time before the sale and may be altered by announcement before the sale. They are in no sense definitive.
Condition of lots:
We are, primarily, agents for the seller. We are dependent on information provided by the seller and whilst we may inspect lots and act reasonably in taking a general view about them we are normally unable to carry out a detailed, or any, examination of lots in order to ascertain their condition in the way in which it would be wise for a buyer to do. Intending buyers have ample opportunity for inspection of goods and therefore, accept responsibility for inspecting and investigating lots in which they may be interested. Please note carefully the exclusion of liability for the condition of lots contained in the ‘Conditions of sale’. Neither the seller nor we, as the auctioneers, accept any responsibility for their condition. In particular, mechanical objects of any age are not guaranteed to be in working order. However, in so far as we have examined the goods and make a representation about their condition, we shall be liable for any defect which that examination ought to have revealed to the auctioneer but which would not have been revealed to the buyer had the buyer examined the goods. Additionally, in specified circumstances lots misdescribed because they are ‘deliberate forgeries’ may be returned and repayment made. There is a two week time limit. (The expression ‘deliberate forgery’ is defined in our Conditions of sale).
We may be able to assist buyers unable to view by e-mailing a condition report, but these reports are based solely on our own opinion and are for guidance only and no responsibility is accepted for their accuracy. Intending buyers are strongly encouraged to view. Condition reports cannot be prepared on the day of sale. Please see our Conditions of Sale.
Images reproduced in the catalogue and in the online catalogues are for reference only and should not be relied upon for the accurate representation of colour, size or condition.
What if I’m unable to attend the auction in person?
If you have been able to attend one of our viewing days and inspected the lots yourself you then only need to fill in this commission bidding form in order for us to execute a bid on your behalf on the day of the auction.
Please feel free to print the commission bidding form for future use at KLM Auctioneers Ltd.
KLM Commission bid form
In some instances, where a work of art exceeds €1,000 and attracts artists resale rights, an additional charge must be collected by us on behalf of the Design and Artists’ Copyright Society (DACS).
Calculating the resale royalty:
The sale price is the price obtained for the sale, net of the tax payable on the sale (the hammer price at auction), and converted into euros at the European Central Bank reference rate prevailing at the contract date.
The resale right on each sale will be calculated using the following percentage values for each relevant portion of the price:
From €1000 to €50,000: 4%
From €50,000.01 to €200,000: 3%
From €200,000.01 to €350,000: 1%
From €350,000.01 to €500,000: 0.5%
Exceeding €500,000: 0.25%
All attending bidders are required to register for a paddle before the sale begins and lots will be invoiced to the name and address on the registration form. Some form of identification may be required if you are unknown to us.
If you are unable to attend the auction there are a number of options available to enable you to participate. When placing any absentee bids, please check and double check the lot numbers as this is the only definitive piece of information which guarantees your bid is executed on the lot you want.
i. Commission bidding:
It is possible to leave commission bids with the auctioneers indicating the maximum amount to be bid excluding buyers’ premium. They will be executed as cheaply as possible having regard to the reserve (if any) and competing bids. If two buyers submit identical commission bids the auctioneers may prefer the first bid received. In some instances the auctioneer may also exceed a bid in order to secure the lot on the buyer’s behalf. Commission bids are accepted by fax, e-mail and phone, and in all these instances, commission bidders are deemed to have read, understood and agreed to be. To ensure that bids are placed on the right lots please check all your lot numbers as this is the only piece of information which guarantees you buy the lot you want: KLM Commission bid form
ii. Telephone bidding:
We reserve the right for this service to be available on higher value lots only. The number of telephone lines is limited so we would urge serious telephone bidding only and ask that you be prepared to bid over the low sale estimate. It is also advisable to leave a maximum covering bid in case we cannot contact you by telephone. All telephone bids must be received by close of business on the day prior to the auction and prospective purchasers booking lines are deemed to have read, understood and agreed to be bound by our conditions of sale. Please feel free to print and/or save the registration form for future use at KLM Auctions.
KLM Auctioneers seller's premium is 10% (15% from 13th November 2020)
Lotting fee of £1 per lot (this is payable whether the lot sells or not)
All lots are entered to sell to the highest bidder, unless the seller requests a reserve, we can advise on whether a reserve is appropriate, minimum reserve is £10.00.
Proceeds from the sale of goods are paid out on the Monday and Tuesday following the sale by cash or bank transfer.
Conditions of sale:
Please feel free to print and/or save the conditions of sale information below for future use at KLM Auctioneers Ltd.