Jewellery, Watches & Silver Wed, 5 Jun 2019 10:00am
Sunday 2nd June 12pm-4pm Monday 3rd June 10am-5pm Tuesday 4th June 10am-5pm Wednesday 5th June 9am-11am
Notes for Buyers
Buyer’s Premium & Other Charges
The buyer shall pay the hammer price together with a premium, at the following rate, thereon. 25% up to £100,000 / 20% thereafter. VAT will be charged on the premium at the rate imposed by law (see our Conditions of Sale).
Additional VAT † VAT at the standard rate payable at the standard rate on the hammer price
* 5% import VAT payable on the hammer price
No VAT is payable on the hammer price or premium for books bought at auction.
Droit de Suite § indicates works which may be subject to the Droit de Suite or Artist’s Resale Right, a royalty payment for all qualifying works of art. Under new legislation which came into effect on 1st January 2012, this applies to living artists and artists who have died in the last 70 years. This royalty will be charged to the buyer on the hammer price and in addition to the buyer’s premium. It will not apply to works where the hammer price is less than €1,000 (euros). The charge for works of art sold at and above €1,000 (euros) and below €50,000 (euros) is 4%. For items selling above €50,000 (euros), charges are calculated on a sliding scale. More information on Droit de Suite is available at www.dacs.org.uk
All potential buyers must register prior to placing a bid. Registration information may be submitted in person at our registration desk, by email, by fax or on our website.
Please note that all fist time bidders at Lyon & Turnbull will be asked to supply the following documents in order to facilitate registration:
1 – Government issued photo ID (Passport/ Driving licence) 2 – Proof of address (utility bill/bank statement).
We may, at our option, also ask you to provide a bank reference and/ or deposit. By registering for the sale, the buyer acknowledges that he or she has read, understood and accepted our Conditions of Sale (available at the back of every catalogue and on our website).
Bidding & Payment
For information on bidding options see our Guide to Bidding & Payment at the back of the catalogue.
Removal of Purchases
Responsibility for packing, shipping and insurance shall be exclusively that of the purchaser. Catalogue descriptions All item descriptions, dimensions and estimates are provided for guidance only. It is the buyer’s responsibility to inspect all lots prior to bidding to ensure that the condition is to their satisfaction. If potential buyers are unable to inspect lots in person (public viewing times listed in every catalogue), our specialists will be happy to prepare detailed condition reports and additional images. These are for guidance only and all lots are sold ‘as found’, as per our Conditions of Sale.
Prospective buyers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to; rhino horn, ivory, coral and tortoiseshell. Accordingly, prospective buyers should familiarise themselves with all relevant customs regulations prior to bidding if they intend to import lots to another country. It is the buyer’s sole responsibility to obtain any relevant export or import licence. The denial of any licence or any delay in obtaining licences shall neither justify the recession of any sale nor any delay in making full payment for the lot. Endangered Species Please be aware that lots marked with the symbol Y contain material which may be subject to CITES regulations when exporting outside the EU. For more information visit http:// www.defra.gov.uk/ahvla-en/ imports-exports/cites