Following the introduction of new regulations in June 2017, we are required to conduct identification checks where customers wish to pay in cash for purchases of 10,000 Euros or more. For ease of understanding and to allow for currency fluctuation, we will value the amount to be equivalent to £7000 (GBP).
The regulations state that when we accept payments at this value or over it is compulsory for us to ask for documents proving the buyer’s identity. Acceptable documents are either a ‘Photo Driving Licence’ or ‘Passport’. When producing these documents they must be original, not copies.Note: these regulations apply to CASH transactions only!
Cheques are accepted only by prior arrangement, and purchases paid with cheque will only be released on clearance through our bank.
A deposit may be asked for on higher value lots and immediate payment or deposit on purchases over £1000.
You may pay with cash below £7000 (€10,000), (without meeting the above criteria) cheque (only accepted upon prior arrangement), credit and debit cards, wire transfer or banker’s draft. Debit cards incur no extra charge. Credit or debit card payments must be made in person unless prior arrangements have been agreed upon.
Our Non-UK customers must ensure they are familiar with their countries’ rules relating to ‘Duty’ and or VAT charges that may be applicable to items they intend to export from the UK.
It is the responsibility of the buyer to be aware of the potential additional costs (or rules) before buying at auction. The Auctioneers are unable to assist with quantifying this due to the diversity in laws applicable to each final destination country.
For further details contact the office. You must pay for your purchase immediately after the sale. All funds must be cleared before goods are released. We request that all purchases are collected immediately after the sale. If you require us to store the items for you, this can be arranged for a fee with a member of staff.