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Selling at Gorringes

How do I get Gorringe’s to value my items for auction?

Regardless of where you live Gorringe’s auction services extend across the South East and beyond, location is not a problem. The first step to selling through Gorringe’s is to obtain a valuation.

We are happy to provide valuations for items of in all of the categories covered by our various departments page

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 visit our contact us 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.  Visit our Auction Estimate Request page.

Bring your property for valuation to any Gorringe’s 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 Gorringe’s 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 Gorringe’s office, who once contacted will be happy to make an appointment to come and value property that you wish to enter for auction.

What happens after I have decided I would like Gorringe’s 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, we will 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 Gorringe’s saleroom – this will be advised at point of valuation/contact. If you are unable to deliver your items personally, at your own cost, Gorringe’s can organise carriage on your behalf.

This will usually be arranged through our ‘in house’ Gorringe’s professional collection service – please ask for further details / a 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 Gorringe’s, 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 Gorringe’s 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
Gorringe’s will issue a Receipt Form, which includes details of the agreement about the price at which you will be prepared to sell each item. Auctioneers 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 one bid below the agreed reserve. N.B. A reserve can only be set on lots with estimates higher than £200 in value or £50 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.

Wide 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 30% – 40% below the agreed figure.

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

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

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…
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 if unsold 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
Every lot offered for sale is illustrated on our website and other internet search hubs as part of the standard commission charge. Illustrations for the catalogue are selected at the Auctioneers discretion and charged at £5-50 per photograph as appropriate.

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.

All sales are subject to the Terms and Conditions of Business.

What happens after the auction has taken place?

Getting paid and receiving payment….
After your goods have sold successfully, you will be sent an emailed or posted 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 bank transfer 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 payment is prepared and dispatched. Should you request a cheque, any charges associated with the payment will be at your cost. Weekly sales are paid out within two days of the auction – you will be sent a statement and bank transfer at the same time.
Items failing to sell at auction
You will be charged an unsold fee of £8 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. 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. You, the vendor, are then responsible for collecting your property from Gorringe’s. Uncollected items may incur storage charges and weekly sale items will be disposed of or given to charity if not collected within three weeks of the sale date.   If you wish to alter these instructions please contact the valuer that you dealt with or with the department handling your property.