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109
paintings from the esb collection
16
th
december 2014
Charges for Withdrawn Lots
30.
Once catalogued, Lots withdrawn from sale before proofing/publica-
tion of Catalogue will be subject to commission of 5% of the Auctioneer’s
latest estimate of the auction price of the Lot withdrawn together with VAT
thereon and any expenses incurred by the Auctioneer in relation to the Lot.
If Lots are withdrawn after proofing or publication of Catalogue they will
be subject to a commission of 10% of the Auctioneer’s latest estimate of
the auction price of the Lot withdrawn together with VAT thereon and any
expenses incurred by the Auctioneer in relation to the Lot. All commission
hereunder must be paid for before Lots withdrawn may be removed.
Unsold Lots
31.
Where any Lot fails to sell at auction the Auctioneer shall notify the
seller accordingly and (in the absence of agreement between the seller and the
Auctioneer to the contrary) such Lot may, in the absolute discretion of the
Auctioneer, be re-entered in the next suitable auction unless instructions are
received from the seller to the contrary, otherwise such Lots must be collected
at the seller’s expense within the period of thirty (30) days of such notification
from the Auctioneer.
Upon the expiry of such period the Auctioneer shall have the right to sell such
Lots by public auction or private sale and on such terms as the Auctioneer in
its sole discretion may think fit. The Auctioneer shall be entitled to deduct
from the price received for such Lots any sums owing to the Auctioneer
in respect of such Lots including without limitation removal, storage and
insurance expenses, any commission and expenses due in respect of the prior
auction and commission and expenses in respect of the subsequent auction
together with all reasonable expenses before remitting the balance to the
seller. If the seller cannot be traced the balance shall be placed in a bank
account in the name of the Auctioneer for the seller. Any deficit arising shall
be due from the seller to the Auctioneer. Any Lots returned at the seller’s
request shall be returned at the seller’s risk and expense and will not be
insured in transit unless the Auctioneer is so instructed by the seller.
Auctioneer’s Right to Photographs and Illustrations
32.
The seller authorises the Auctioneer to photograph and illustrate any
Lot placed with if for sale and further authorises the Auctioneer to use such
photographs and illustrations and any photographs and illustrations provided
by the seller at any time in its absolute discretion (whether or not in connec-
tion with the auction).