Important Information

AUCTION NO: 14454

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 commission (absentee) bids.  If not bidding in person or online, please contact Dreweatts to register all commission bids or telephone bids by 12 noon GMT the day before the auction.  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 all 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 on Monday 5 September.      

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 AT DONNINGTON PRIORY: 
Friday 2 September: 10am - 4pm
Sunday 4 September: 10am - 2pm
Monday 5 September: 10am - 5pm
Tuesday 6 September: from 8.30am  

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: clocks@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.
  • First time buyers: payment over the phone by debit or credit card is permitted up to a maximum of £1,000. For larger payments, please pay online or by bank transfer
  • To make a payment by telephone, please call: + 44 (0) 1635 553 553
  • We are unable to release items until funds have cleared and become visible in our account.  This generally takes 24 hours and may take longer depending on your bank. Please ensure the sale date and Invoice number is quoted on all payments, so that the payment can be applied to your account without delay.    

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:
Collections are available from Dreweatts Donnington Priory from Monday to Friday (9am–5pm) by appointment only.  Collections are not possible at weekends.  

  • 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 listed here
  • Please note that lots will not be released until they are paid for in full, and the cost of shipping is payable direct to the company concerned.  We will also need your prior authorisation before we release goods to any packer / shipper.
  • We do not offer a shipping service ourselves. 
  • To book a collection, please email collections@dreweatts.com or call: +44 (0) 1635 553 553.  

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 as 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

IMPORTANT NOTICES REGARDING THE CATALOGUING OF CLOCKS:

Movements, dials and cases:
Movements and dials are described as relating to the cases in which they are housed in one of the following three ways:

  1. the case… we are of the opinion that the movement and dial started life in the current case.
  2. in a case… we are of the opinion that the movement and dial are in a case of correct period and type (and may well be original to the movement and dial), however there is evidence to suggest that they may not have started out life together.
  3. now in a case… we are of the opinion that the movement and dial are no longer in the original case as it is not of correct period and/or type.

Pendulums, weights, winding and case keys:
Unless specifically indicated otherwise in the catalogue description it can be assumed that all clocks with cases are sold with the requisite pendulum and correct number of weights (where appropriate), however we cannot guarantee that they are original to the clock. This excludes lantern clocks or loose movements which are more often than not offered without pendulums or weights. We do not indicate in the catalogue description whether winding or case keys are present with any specific clock. As many clocks are consigned without keys please check with the department to establish whether they are present or not prior to bidding.

Condition: 
Due to the mechanical nature of clocks and the fact that most are of great age we cannot offer any guarantee as to whether they are in working order or free from major faults or restoration. Although we endeavour to catalogue items in a fair and informed manner, omission of any comments or observations regarding the condition or originality of a clock in the description does not necessarily indicate that it is free from significant faults, restoration or is in working condition. We would strongly advise any prospective purchaser to view the item in person or request a condition report and/or further images prior to bidding.

Measurements: 
Dial measurements are given in inches, other dimensions such as height are given in centimetres and inches. The measurement given for the height of a longcase clock excludes any removable finials in order to provide an approximate minimum ceiling height in which the clock can be accommodated.

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 UK 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.