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Sale and Buyers Rates and Commissions

Sellers Commission Rates:
Our vendor commission rates are 12.5% of the hammer price of each lot. We also charge 3% of the hammer price of each lot for insurance (subject to a minimum charge of £2). All our charges are subject to VAT.
There is a minimum commission whether the item is sold or unsold of £3 per lot (uncatalogued sales) and £10 per lot (catalogued sales).

Illustration and Internet Charges
£10 to £100 depending on size and format

Withdrawal Charges
The withdrawal fee for a lot which has been catalogued is 15% of the reserve price or the auctioneers upper estimate of the auction value, subject to a minimum charge of £25 plus VAT

Electrical Charges
Bamfords reserve the right to make a minimum charge of £5 per item to have the goods checked by an electrician for safety

Removal Charges
Bamfords can arrange full and part clearances at a cost of approximately £45 per hour. All goods deemed unsuitable for sale will be disposed of, a charge of £100 per tonne or part tonne + VAT is made for this service.

Payments
The net sale proceeds received from the buyer in cleared funds will be forwarded to the vendor no later than 28 working days after the auction (we endeavour to settle non-catalogued sales within 14 days after the auction) The net sale proceeds are the hammer price less commission and expenses. (Expenses – removals, photography, electrical testing and any other agreed charges)


Buyers Commission Rates:

The purchaser shall pay the hammer price together with a premium of 21% of the hammer price for the Antique and Collectors Sales. There is a minimum buyers premium of £7.50 per lot; for Fine Art Sales and Collectors sales the premium is 21% of the hammer price (adjusted for VAT as necessary).  There is a minimum buyers premium of £10 per lot The premium at the appropriate rate is payable by all purchasers. The amount invoiced will be premium plus VAT (where VAT is chargeable) but this VAT will not normally be recoverable by the buyer. The vendor authorises the Auctioneer to deduct commission and expenses at the stated rates from the hammer price and acknowledges the Auctioneer’s right to retain the premium payable by the purchaser.

All items must be collected within one week of purchase, failure to collect the lot will result in storage charges being applied at a rate of £5 per lot per day + VAT.  Once the storage fees exceed the value of the item purchased, all buyers rights are waived and Bamfords reserve the right to sell the item to recover storage charges incurred


Any lot purchased through the services of ATG Media will be subject to a further charge of 5% of the hammer price (plus VAT where chargeable)