Charges

Charges and How To Pay

Your invoice explained and methods of payments

Buyers Premium

All lots are subject to a Buyers Premium of 17.5% which is subject to VAT at the standard rate. 

Internet Commission

Please note lots purchased online via the-saleroom.com website will attract an additional charge for this service in the sum of 3% plus VAT of the hammer price. This charge is made by and passed on to the-saleroom.com

Artist's Resale Rights

Lots will be identified in the catalogue and/or announced by the auctioneer as being subject to Artist's Resale Rights. The buyer agrees to pay Morphets an amount equal to the resale royalty and we will pay such amount to the artist's collecting agent. Resale royalty applies where the hammer price is equivalent to 1,000 Euros or more and the royalty amount cannot be more than 12,500 Euros per lot. The amount is calculated as follows:

Royalty For the portion of the Hammer Price (in Euros)
4.00% up to 50,000
3.00% between 50,000.01 and 200,000
1.00% between 200,000.01 and 350,000
0.50% between 350,000.01 and 500,000
0.25% in excess of 500,000

Invoices will be issued in Pounds Sterling. For the purposes of calculating the resale royalty the Pounds Sterling/Euro rate of exchange will be the European Central Bank reference rate on the day of the sale.

Storage

Please note, in accordance with our terms and conditions, all purchases should be collected no later than two working days following the day of auction after which time lots will be removed to our secure storage facilities at your cost and storage charges will apply.

Methods of Payment

After the sale you will receive an invoice detailing the lots you have purchased. For your convenience registered website bidders can pay their invoices through our secure online payment gateway.

Bidders who have made purchases through the-saleroom.com may also request a link to make a secure on line payment via the-saleroom.com.

All purchases must be paid for no later than two working days following the sale.

We accept the following forms of payment:

Cash: Up to a limit of £10,000
Cheques: Goods will only be released on cleared cheques.
Debit Card: No additional charges but please note cardholder not present transactions subject to maximum £500 limit
Credit Card: Subject to a charge of 2% plus VAT. Cardholder not present transactions subject to maximum £500 limit

Bank Transfer:

Payment should be made to Barclays Bank, Harrogate HG1 1QX
Account name: Morphets of Harrogate Ltd
Account Number: 63655334
Sort code: 20-37-13
Please use your bidder number as a reference

International Bank Transfers:
Payment should be made to Barclays Bank, Harrogate HG1 1QX 
Account name: Morphets of Harrogate Ltd
IBAN Number: GB 79 BARC 203713 63655334
SWIFT (BIC). BARC GB 22
Please ensure that all bank charges are borne by your issuing bank

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