Important Information

AUCTION NO: 14396

AUCTION FORMAT: LIVE ONLINE
This is a live online auction with an auctioneer.  Bidding is available in person at our salerooms, online, by telephone or you can leave commission (absentee) bids.  Please contact Dreweatts to register all commission bids or telephone bids by 12 noon GMT the day before the sale.  For a guide to bidding in a Live Online Auction, click here.       

BUYER’S PREMIUM:
Buyer’s premium is charged per lot at 25% of the hammer price (30% including VAT) up to and including £500,000, 20% (24% including VAT) of the hammer price from £500,001 up to and including £1,000,000, and 12% of the hammer price (14.4% including VAT) in excess of £1,000,001.

REGISTRATION:
It is now a requirement of Dreweatts that we undertake identification and address verification from clients in order to comply with money laundering regulations and fraud prevention.  We advise clients to register at least 48 hours in advance of the auction as you may be asked to provide documents to verify your identity.  Registration for new clients will close at 12 noon GMT the day before the sale.       

If they have not already done so, all clients must provide two forms of identification before they can bid.   

To verify your personal account, please submit:  

  • a copy of a government-issued photo identification (such as a national identity card, passport or UK driving licence) showing your full name and date of birth, and
  • a proof of your current address, for example a utility bill or bank statement, mortgage document

If you wish to buy on behalf of a Company, please submit:

  • a certificate of incorporation, showing the company’s full name and registered address;
  • documentary confirmation of each beneficial owner owning 25% or more of the company;
  • the ID document (such as a driving licence or passport) of the authorised signatory and where the authorised signatory is not a director, a letter on company letterhead confirming the individual’s authority to act.  

Documents should be sent by email to live@dreweatts.com.  Depending on individual circumstances, further documents may be requested. Your invoice will be made out to the name and address registered to bid.   

VIEWING:
Sunday 23 January: 10am - 2pm
Monday 24 January: 10am - 5pm
Day of sales: from 8.30am

We ask that visitors wear a face covering when visiting our salerooms, use the hand sanitiser provided on entering and observe social distancing rules. We may need to restrict the numbers of visitors viewing at one time, so if you would prefer to book an appointment in advance, please contact us. To book an appointment to view, please email: interiors@dreweatts.com or call 44 (0) 1635 553 553.      

CONDITION REPORTS: 
Our specialists will be providing detailed conditions reports and additional images as requested. Many of the lots already have condition reports so please check the website first (see text in italics at the end of the description). If you cannot see a condition report on the website, please click the “Ask a question” button to request one.   

CONTACT:
Tel: +44 (0) 1635 553 553
General enquiries and condition reports: interiors@dreweatts.com
Telephone and commission bids: bid@dreweatts.com
Commission bids may also be placed via your online bidding account. 

PAYMENTS: 
Once the auction has concluded, you will receive an invoice by email with a link to our online payment page as well as collection and shipping information.  Where auctions finish late in the afternoon or evening, invoices will be sent out the next working day.   

It is our policy not to accept third party payments. The name of the bank account or card holder should match the name of the buyer. Payment will be accepted by:

  • Bank transfer: Dreweatts’ preferred method of payment is by bank transfer direct into our bank account. Payments must be made from the account of the registered Buyer.
  • Online via SagePay: clients can pay online up to a limit of £10,000 via SagePay by following this link https://www.dreweatts.com/payments. Lots paid for using SagePay will be available for collection the following day (not the same day).
  • Debit card issued in the name of the Buyer by a UK bank and registered to a UK billing address.
  • Credit card: all major UK issued credit cards registered to a UK billing address and issued in the name of the Buyer, with the exception of American Express and Diners Club. Credit cards registered to an overseas billing address up to a maximum of £5,000 with the exception of American Express and Diners Club.
  • In cash up to £8,000: subject to relevant money laundering regulations. 

Please note: 

  • We no longer accept payment by cheque.
  • We cannot accept payment by telephone for lots bought by first time bidders.
  • Payments for lots purchased by first time bidders must be paid for by bank transfer, in cash up to £8,000 (subject to relevant money laundering regulations), online via SagePay, or by debit or credit card with cardholder present.      

CUSTOMER DUE DILIGENCE CHECKS:
In order to comply with current Money Laundering Regulations, it is our policy to conduct appropriate Know Your Client checks on any buyers who transact at the threshold of £8,000 or more. Buyers will be required to provide the following information: 

  1. For individuals, official photo identification (a government issued ID document such as passport or driver’s licence) and a proof of address (utility bill, bank statement or driver’s licence).
  2. For legal entities, a certificate of incorporation (or equivalent), a register of shareholders/directors and ID documentation from the directors and beneficial owners of the business.

We reserve the right to withhold the purchased lots until such checks have been completed. 

COLLECTIONS & SHIPPING:
"Click-and-Collect" collections are available Monday to Friday (9am–5pm) by appointment only and in strict accordance with government Covid-19 regulations. 

  • Please do not arrange to collect items without having paid online or by bank transfer beforehand.
  • You can collect in person or instruct your own shipper or choose from a number of suggested shipping companies.  Please note, we do not offer a shipping service ourselves. 
  • To book a collection, contact: tel: +44 (0) 1635 553 553 | collections@dreweatts.com
  • For further information and details of shippers currently operating under Covid-19 restrictions, please click here

VAT LIABILITIES FOR OVERSEAS BUYERS:
Following the UK’s exit from the European Union, private overseas buyers can only receive goods free of VAT/have the VAT amount refunded if Dreweatts acts as exporter in relation to the sale and arranges for the transport of the goods. If you would like us to arrange for the export and delivery of the goods there will be an admin fee of £100 plus the shipping cost. If you arrange for the goods to be picked up/delivered to you directly we will charge UK VAT at the appropriate rate and no refund will be available. Please note that if we export the goods to you, you will be responsible for completing the importation procedures as well the payment of any relevant duty/VAT payable on importation into your country.

Business buyers are not affected by this change where the purchase has been made in the business or trading name and a VAT refund will be available on proof of export.

BIDDING INCREMENTS FOR LIVE ONLINE AUCTIONS:
The online bidding increments prior to the live auction are listed below.  Please note during the live auction, the bidding increments shall be at the auctioneer’s sole discretion.

From

To

Increment

 

0

£200

£10

 

£200

£300

£20

 

£300

then £320

then £350

then £380

ie. London bidding

£400

then £420

then £450

then £480

ie. London bidding

£500

£1,000

£50

 

£1,000

£2,000

£100

 

£2,000

£3,000

£200

 

£3,000

then £3,200

then £3,500

then £3,800

ie. London bidding

£4,000

then £4,200

then £4,500

then £4,800

ie. London bidding

£5,000

£10,000

£500

 

£10,000

£20,000

£1,000

 

£20,000

£30,000

£2,000

 

£30,000

then £32,000

then £35,000

then £38,000

ie. London bidding

£40,000

then £42,000

then £45,000

then £48,000

ie. London bidding

£50,000

£100,000

£5,000

 

£100,000

£200,000

£10,000

 

£200,000

£300,000

£20,000

 

£300,000

then £320,000

then £350,000

then £380,000

ie. London bidding

£400,000

then £420,000

then £450,000

then £480,000

ie. London bidding

 

LOT DESCRIPTION SYMBOLS GLOSSARY:

λ - Indicates that this lot may be subject to Droit de Suite royalty charges.

Y - Indicates that this lot may be subject to CITES regulations when exported.

† - Indicates that VAT is payable by the purchaser at the standard rate of 20% on the hammer price as well as being charged on the buyers’ premium.

Ɵ - Indicates that the lot is a zero rated item and therefore subject to buyer’s premium of 25% exclusive of VAT (0% VAT). 

‡ - Indicates that the lot is being sold whilst subject to temporary importation and that VAT is due at the reduced rate (5%). 

Ω - Indicates that the lot has been imported from outside the EU and is liable to the standard rate of Import VAT currently 20% on the hammer price.

β - Indicates that the lot is offered in Bond. This applies to wine. Bidding will be at duty paid prices other than for those lots marked ‘IN BOND/β’.  

Please see our Symbols Glossary and Terms & Conditions for more information.