FAQs - Selling at Gorringes

How much does it cost to sell at Auction?
Minimum Commission…read more
Seller’s Commission Rates…read more
Insurance and VAT charge…read more
Additional Charges…read more

What happens after the auction has taken place?
Getting paid and receiving payment….read more
Items failing to sell at auction…read more

How do I get Gorringes to value my items for auction?
Regardless of where you live Gorringes auction services extend across the South East and beyond, location is not a problem.The first step to selling through Gorringes is to obtain a valuation.

We are happy to provide valuations ONLY for items of QUALITY in the following categories:

♦ ANTIQUE furniture

♦ BRONZES and early carvings

♦ CLOCKS, barometers and scientific instruments, collectors' items

♦ ANTIQUE and good-quality ceramics, ivories and works of art

♦ SILVER (not plated items), jewellery

♦ COINS medals and bank notes

♦ OIL PAINTINGS, watercolours, engravings and miniatures

♦ ORIENTAL carpets and rugs

♦ ANTIQUARIAN, colour plate and first edition books

Auction valuations are free and can be obtained in the following ways…..

You can post us a description and photograph…
The best way to find the appropriate office to post descriptions & photographs is to, is to visit our ‘contact us’ or ‘locations’ page and send in your valuation request to the nearest saleroom or office, who will then contact you.

You can email a description and/or image…
Our auctioneers are able to accurately assess and value items by email providing a clear image/s had been sent.  Alternatively, please visit our departments page and email the auctioneer directly.

Bring your property for valuation to any Gorringes office…
Although we are able to estimate the value of your property from photographs and descriptions, and this is a good starting point, a more accurate valuation requires seeing the object first hand. To find your nearest Gorringes auction room or Office visit our ‘contact us’ page which will give you the appropriate address, contact details and opening hours for all our offices and salerooms. We always recommend telephoning in advance.

If your property is too large to bring in for valuation…
We can arrange for an auctioneer to make a convenient ‘house visit’ to assess items that are too large to bring in for valuation. Please visit our ‘contact us’ page to find your nearest Gorringes office, who once contacted will be happy to make an appointment to come and value your property you wish to enter for auction.

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What happens after I have decided I would like Gorringes to sell my property?
After you have had your items valued and decided you wish sell your property, you need to enter your items into auction….

From valuation to entering my property into an auction…
Once we have discussed your requirements with you and inspected your property you are considering selling, wewill give you a written estimate of what the item(s) are likely to realise at auction and will advise you of the most appropriate sale.

Transporting your property to the saleroom…
The property that you wish to sell should be delivered to the appropriate local Gorringes saleroom – this will be advised at point of valuation/contact. If you are unable to deliver your items personally, at your own cost, Gorringes can organise carriage on your behalf. This will usually be arranged through our ‘in house’ Gorringes professional collection service – please askfor further details / quotation. If you are consigning goods from overseas, at your own cost, international shipping agents can be recommended N.B charges and VAT / import duty may apply.

Receipt for auction consignment …
When you have consigned your goods for auction with Gorringes, our auctioneers will discuss your sale requirements with you and record these on a written Receipt Form. This document is confirmation of your instruction for us to sell your items. It is your contract with Gorringes and your receipt for the property you have consigned. The receipt includes your personal reference number for that particular auction consignment, which should be quoted in all communication concerning your sale items. N.B. This form also specifies our outline conditions of business full conditions of sale are available on request.

Agreeing sale terms and reserve sale price…
Gorringes will issue a Receipt Form, which includes details of your wishes about the price at which you will be prepared to sell each item. Auctioneeers will gladly recommend appropriate options for your consideration, which include:

Agreed reserve. The auctioneer will recommend a reserve to ensure the item/s will not be sold for less than its current market value. N.B A reserve can only be set on lots with estimates higher than £100 in value or £40 at the weekly sale.

Discretionary reserve. The item will be sold at a price which is at the discretion of the auctioneer. This means you are giving permission for your goods to be sold at typically 10% – 20% below an agreed figure.

No reserve / sell. With your permission, your property will be sold for the highest bid received, with no minimum price specified.

Gorringes treats your sale instructions with complete confidentiality; they are never discussed with anyone other than you or your authorised representatives.

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How much does it cost to sell at Auction?
After your items have been entered into a sale and the auction has taken place you will incur some auction charges…

Minimum Commission…
The Vendor’s Commission is subject to a minimum commission per lot of:
-£10 per lot whether sold or unsold (£8 at our weekly sale).

Seller’s Commission Rates…back to FAQ's
On the first    £3,000    15% + VAT
Thereafter    10% + VAT

Insurance charge & VAT…
1.5%+ VAT of the Hammer Price of each lot if sold, or ifunsold 1.5% + VAT of the reserve price. Value added Tax, at the current rate, is payable on all commissions and charges, except where it is indicated as VAT inclusive. N.B Insurance  settlement payment will be based on the hammer price or mid-estimate.

Unsold Charge…
Minimum charge of £10 per lot (plus insurance as detailed above).

Illustration charges…
Please note that these charges are only incurred by prior agreement with you the vendor.

Additional Charges…
Please note that these charges are only incurred by prior agreement with you the vendor. There may be additional charges for restoration, shipping, packing, storage, custom duties and import tax, if appropriate.

Conditions…
All sales are subject to the Terms and Conditions of Business as stated on the Receipt / Contract From and the Conditions of Business folder.

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What happens after the auction has taken place?
Getting paid and receiving payment….
After your goods have sold successfully, you will be sent a sale result notification a few days after the auction, listing the individual lot(s) and the price realised for each item. If you wish to know the outcome on the day, you are welcome to telephone the saleroom about an hour after the end of the auction or alternatively you can view the results on the website within 20 minutes of the lot selling. Payment is normally made by sterling cheque 21 days after the sale date (providing we have received full payment from the buyer for that lot). You will also receive a settlement statement detailing the charges which have been incurred. All relevant charges are normally deducted before your settlement cheque is prepared and dispatched. Should you request a bank transfer, any charges associated with the transfer will be at your cost. Weekly sales are paid out within two days of the auction – you will be sent a statement and cheque at the same time.
Items failing to sell at auction…
You will be charged an unsold fee of £5 at Garden Street per lot and £10 at North Street (plus insurance as detailed above). There may be other additional charges such as an illustration fee, see above. You, the vendor, are then responsible for collecting your property from Gorringes. Following a sale if you have any unsold lots the auctioneers will write to you and recommend that either the lot is re-offered at a lower reserve (generally 30-50% lower) or that you collect the item. If you wish to alter these instructions please contact the valuer that you dealt with or with the department handling your property.

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