So what does it all cost?

Charges

So what does it all cost?

Please note all charges are subject to VAT at the current rate

Commission

A minimum of £5 per individual lot realising from £0 to £40, or 12½% on individual lots realising from £40 to £999 and 10% on the balance over £1,000 subject to a minimum charge per auction of £10.

Insurance

All items left for sale are covered against loss or damage subject to our standard terms and conditions. A charge of 1% of the hammer price, or lower estimate or reserve where an item remains unsold, is made.

Collection and Packing service

Our removal contractors are available for the collection and packing of goods from anywhere in the UK. The standard charge for this is £38 per hour for a van and two men to include travel, loading and unloading. A minimum of one hour is charged.

Withdrawal

The fee for withdrawing a lot prior to sale is 10% of the reserve or, where no reserve has been placed, of Morphets lower estimate plus all expenses incurred.

Unsold Items

A minimum lot charge of £5 is levied on all unsold lots. If a lot has failed to sell that has been subject to a reserve it can usually be reoffered in a future sale with a revised reserve.

Electrical Goods

To comply with current Trading Standards legislation, all electrical items have to undergo a Portable Appliance Test by a registered electrician, within the saleroom environment. The fee for this is £4 per item.

Web Illustrations

All items in our Fine Art and Antique sales will be illustrated on the website at a charge of £5 per lot.

Printed Catalogue Illustrations

Should your valuer recommend that your item be photographed for inclusion in one of our specialist colour printed catalogues this will be charged at £10 per photograph. Your valuer will discuss with you whether this would be appropriate for your lots.

Payment

We aim to pay you approximately 14 days following the sale and no later than 28 days. Payment can only be made when we are in receipt of cleared funds. We will account to you by cheque with a fully itemised statement detailing the hammer price of each lot and any commission and charges that have been deducted. Please note we act as agents and cannot be held responsible if the buyer defaults.

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