We aim to make buying and selling though Rendells a simple and enjoyable process. Below you will find some useful information to help you but if you are unsure of any aspect then please do not hesitate to ask a member of staff for assistance.
1. Buying at Auction
The catalogues are available one week prior to the auction, so if you are looking for one specific item or wish to furnish your entire house, why not order a catalogue and come along to one of the viewing days, normally Tuesday (10.00am to 7.00pm) or Wednesday (10.00am to 5.00pm) before the auction. Rendells' staff will be pleased to answer any query you may have, whether it be for further information on a particular lot or, if it is your first visit to an auction, will explain to you how it all works.
Should you be unable to visit the sale room, we will be pleased to provide a photograph and a condition report on any lot, then send it to you either by email or post anywhere in the world. We accept written absentee bids and, if items are of a sufficient value, we will be happy to receive telephone bids.
For the larger parcels or items, the auctioneers can recommend a number of carefully vetted contractors who can collect or deliver your goods to and from the auction rooms.
A separate charge is made for this service.
We arrange house clearances when a member of staff will normally attend with the haulier.
3. Buyer's Premium
The Buyer pays a premium of 18% including VAT on the hammer price of all lots.
Any lot purchased via Auction Technology Group (www.the-saleroom.com) will be subject to Auction Technology Group (www.the-saleroom.com) terms and will be subject to an additional 5.94% commission charge including VAT on the hammer price.
Artist Resale Rights (ARR)
(ARR) indicates works which may be subject to the Droit de Suite or Artist's Resale Right, which took effect in the UK on 14th February 2006. In accordance with legislation we are required to collect a Royalty for all qualifying works of art. This legislation was updated in January 2012 to include living artists and artists who have died in the last seventy years. This Royalty will be charged to the Buyer on the hammer price and in addition to the buyer's premium / commission rate. The Royalty rate only applies to works of art where the hammer price exceeds 1,000 (Euros). The rate is applied at 4% on works selling for 1,000 and up to 50,000. This means that if you purchase a lot which includes a work of art by a qualifying artist and it sells for over 1,000 Euros and below 50,000 Euros then you are required to pay the surcharge of 4% of the hammer price to The Design and Artists Copyright Society (DACS). Rendells will detail this DACS payment on your invoice and the ARR will be paid across to DACS. A sliding scale applies to works of art selling for over 50,000 Euros. Royalties in their entirety are paid to the Design and Artists Copyright Society (DACS) and no handling fees or costs are retained by the Auctioneer. Resale Royalty payment is calculated on the rate of exchange at the European Central Bank on the date of the Sale. Royalties are not subject to VAT charges. If you have further queries then please contact the DACS helpline on 0845 410 3410 or alternatively email firstname.lastname@example.org or visit www.dacs.org.uk
Important information for Buyers Regarding Post 1950's Furniture
Please note that Post 1950's furnishings may not comply with the furniture and (Fire) Safety Regulations Act of 1988 and as such are sold as works of art and should not be used in a private dwelling.
Please click here for Terms & Conditions