Introductory Guide For our Online Auction of 9th July 2020

 

Viewing

If you do not already have a catalogue you may buy one at the main desk for £5.00.

Viewing takes place strictly by appointment only, for five days before the sale.

You may view and play all the pianos.

Once you have found one or more pianos you are interested in please ask one of our specialist piano advisors any questions you may have. You may also bring along your own advisor.

You can call us on +44 (0) 1234 831742 or +44 (0) 20 7242 2647 before the sale.

Please ask a member of staff if you are unsure of anything

Registration

If you wish to bid by telephone or leave a commission bid you will need to register with us either in person or we can email you a Bidding Form.

You will be asked for your:
+  Contact details and signature
+  Method of payment (see later section on payment)
+  How the piano will be removed from Conway Hall (see later section on removal)
+  How you heard about Piano Auctions.
+  Identification (passport, driving licence, credit card)

 

The Auction

Please note there will be no viewing on the auction day and the auction will be held online only.

Bidding starts at Lot 1 and follows the numerical order printed in the catalogue and amendment sheet.

The auctioneer will start the bidding and will invite bids incrementally until the item has been sold. The bidding ends when the auctioneer brings his gavel down. This final bid is called the Hammer Price.

Bidding

The estimated guide price in the catalogue is just that. Some lots may go for more and some may go for less. Some lots may not reach their reserve and therefore remain unsold.

There are four ways to bid:

Commission Bid. You can leave a maximum bid on a Commission Bid form.  The auctioneer will then bid incrementally on your behalf during the sale up to the maximum amount you have chosen. If the final bid is less than your maximum bid you will only have to pay this lower price.

Telephone Bid. You can bid by phone. You will be called a short time before your lot number is due. You will then be talked through the bidding on your chosen lot and given the option to continue or stop bidding.

Internet Bid It is possible to bid online during the auction through:

www.the-saleroom.com/pianoauctions Please note the-saleroom.com make a 4.95% (plus VAT) charge for their service which we administer on their behalf.

www.easyliveauction.com Please note a £3 registration fee applies.

+  Set yourself a limit. Remember to include the transport costs, Buyer’s premium and VAT (see below)
+  You need to be ready for the lot number you are interested in.

The final cost of your piano is worked out as follows:

Hammer Price + Buyer’s Premium + VAT on the Buyer’s Premium  = Total
+  Hammer Price (HP) is the final bid on the piano
+  Buyer’s Premium (BP) is 20% on the Hammer Price 
+  VAT on the Buyer’s Premium is 20% on the Buyer’s Premium

eg  HP of £500 + BP of £100 + VAT of £20 =  £620

     HP of £1,000 + BP of £200 + VAT of £40 = £1,240

     HP of £5,000 + BP of £1,000  VAT of £200 = £6,200

* Hammer Price + Buyer’s Premium + VAT on both (only on lots with asterisks*) = Total

Sometimes pianos are marked with an asterisk * in the catalogue. This is because VAT has to be paid on the entire Hammer Price as well as the Buyer’s Commission.

eg  HP of £500 + BP of £100 + VAT of £120 =  £720

     HP of £1,000 + BP of £200 + VAT of £240 = £1,440

     HP of £5,000 + BP of £1,000  VAT of £1,200 = £7,200

** Hammer Price + Buyer’s Premium + VAT on the Buyer's Premium + VAT at 5% on HP (only on lots with asterisks**) = Total

Sometimes pianos are marked with two asterisks ** in the catalogue. This is because the item has been imported from outside the EU and VAT is payable on the Hammer Price of that lot at the rate of 5%

eg   HP of £500 + BP of £100 + VAT of £45 =  £645

     HP of £1,000 + BP of £200 + VAT of £90 = £1,290

     HP of £5,000 + BP of £1,000  VAT of £450 = £6,450

Payment

All payments to be made in GBP (pounds sterling)

Payment is to be made by Bank Transfer and all lots must be paid for by 4pm on Monday 14th July 2020.

Removal of the Piano

All pianos must be collected by 4pm on Monday the 14th July 2020. If you are using another carrier other than G&R Removals, they will need to arrange a collection time and date directly with G&R Piano Removals. Pianos not collected by this time will incur a storage charge.  Please note lots can not be released to the buyer until payment has been received.

We have carriers that guarantee to remove all pianos by this deadline. You can get a get a quote prior to the sale so you can take account of removal costs when bidding.

Get a quote from G&R Removals or telephone (+44 (0) 1753 589080)

Get a quote from Butler Smith Specialist carriers or telephone (+44 (0) 800 085 0295)  

When obtaining a quote remember to check their loss & damage cover and terms and conditions.

Checklist for buying your piano at auction

*  Viewing
*  Advice
*  Registration
*  Bidding
*  Cost of piano
*  Payment
*  Removal

Buyer’s Terms & Conditions

These can be found in the catalogue or on our website under 'Buying'