ART INTEREST. 'Velazquez,' complete edition, by Enrique Lafuente, original cloth, unclipped dj, Phaidon Press, 1943; plus another copy without dj, and five other Phaidon's and one other. (7)
Saturday 22nd January, 9am to 1pm
Monday 24th January, 9am to 5pm
Tuesday 25th January, 9am to 5pm
Wednesday 26th January, 9am to 5pm
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Whilst the Auctioneer makes every effort to ensure accuracy and the description of any lot: (a) Each lot is as set out in the catalogue or as divided or combined with any other lot or lots, is sold by the vendor with all faults, imperfections and errors of description. (b) The Auctioneers do not accept responsibility for the authenticity, attribution, date, condition or quality of any lot unless they have been instructed in writing by the vendor to so certify. (c) All statements whether printed in the catalogue or made orally as to any of the matters set out in (b) above are statements of opinion only and are not to be taken as being or implying any warranties or representation of fact by the Auctioneers unless they have been instructed by the vendor to so certify.
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Notwithstanding any other terms of these Conditions, if within 14 days after the auction, the auctioneer has received from the buyer of any lots notice in writing that in his view the lot is a deliberate forgery and within twenty-one days after such notification, the buyer returns the same to the Auctioneer in the same condition as at the time of the sale and by producing evidence, the burden of proof to be on the buyer satisfies the Auctioneer that considered in the light of the entry in the catalogue the lot is a deliberate forgery then the sale of the lot will be rescinded and the purchase price of the same refunded. The vendor agrees to be bound by the Auctioneers decision.
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The RICS requires that all members who are directors of firms, have in place a complaints handling procedure, meeting an agreed minimum standard. Details of this firm’s procedure are available on request.
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The Auctioneer does not himself undertake the collection of goods, but will, if required in writing, instruct a contractor on the vendor's behalf in his capacity as agent. The Auctioneer disclaims all responsibility for loss or damage to goods or for unauthorised removal of goods and damage to premises caused by the contractor.
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Right to Sell
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(a) All goods are put up for sale WITHOUT RESERVE unless written instructions are received by the Auctioneer prior to the commencement of the auction. (b) In the event of any reserve price not being reached at auction, the Auctioneer is empowered to sell after the auction, by private treaty, at not less than the reserve price. (c) The Auctioneer may charge up to 28% of the lowest estimate should any lot be withdrawn from the auction or fail to reach its reserve.
The vendor shall duly indemnify the Auctioneer against any claims in connection with any goods sold by the Auctioneer on the vendor's behalf.
Value Added Tax
A vendor who sells by auction any chattel(s) which is a asset of their business must disclose to the Auctioneer whether or not they are registered for Value Added Tax purposes and if so their registered number and whether they intend to operate the special scheme covering works of art etc. This information must be supplied to the Auctioneer on or prior to delivery of the goods.
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The Auctioneers will charge commission as shown on the Auction Entry Form of 15% plus VAT. There is a lotting charge of £2 per lot plus VAT which is charged on all lots offered for sale.
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Ample opportunity is given for inspection and each purchaser by making a bid for a lot acknowledges that they have satisfied themselves fully before bidding by inspection or otherwise as to all Conditions of Sale, the physical conditions of and description of the lot including but not restricted to whether the lot is damaged or has been repaired.
Property and Risk
The property in a lot shall not pass to the buyer until they have paid the purchase price in full, but each lot is at the sole risk of the purchaser from the fall of the hammer. Each purchaser shall forthwith give his full names and permanent address, and if called upon to do so by the Auctioneer shall forthwith pay to the Auctioneer such proportion of the purchase price as the Auctioneer my require. If the purchaser fails to do so, the lot may, at the Auctioneers sole discretion be put up again and re-sold.
Removal of Goods
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(b) If any buyer fails to comply with any of the above Conditions the damage recoverable from the defaulter shall include all loss arising from any re-sale of the lot, together with the charge and expenses in respect of both sales and any money deposited in part payment shall be held by the Auctioneer against the defaulter's liability and may be appropriated in settlement of that liability.
WE DO NOT ACCEPT CREDIT CARDS
Artist's Resale Rights
This levy is to be charged to the purchaser. In bidding, you accept that you will be charged in accordance with the terms of the Act. An artwork must sell for more than €1,000 to qualify for the levy. The law defines the price threshold in Euros and, because the exchange rate between the two currencies changes daily, the equivalent in Pounds Sterling is worked out according to the exchange rate on the date the artwork is sold. The threshold for the day will be announced at the beginning of the sale. The levy is 4% on up to 50,000 euros, 3% from 50,000-200,000 euros, 1% from 200,000-350,000 euros, 0.5% from 350,000-500,000 euros and n0.25% on a hammer price exceeding 500,000 euros. There is a cap of 12,500 euros payable on any one work. Please note: this scale is cumulative, which means that where the sale price is higher than the first threshold, the royalty on each portion of the price must be calculated accordingly and added together to arrive at the final sum. For example, take an artwork that sells for €210,000. The first €50,000 would achieve 4% (€2,000), the next 150,000 would achieve 3% (€4,500), and the final €10,000 would achieve 1% (€100). The total royalties due would be €6,600.
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authorise Lay's Auctioneers Limited, if they so wish, to charge the debit card given in part or full payment, including all fees, for items successfully purchased in the auction via the-saleroom.com, and
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