28th March 2017
Prior to founding Ingles & Hayday, Tim Ingles and Paul Hayday ran the musical instrument department at Sotheby's for 15 years. Their expertise in the field combined with their ongoing role as consultants to Sotheby's generates international interest in each auction, consistently realising the very best prices for their sellers.
Auctions are held twice a year at Sotheby's London, usually in October and May, with the deadline for consigning instruments approximately two months prior to the auction date (please see our calendar for forthcoming consignment deadlines).
Below is an outline the process of offering an instrument or bow for sale at auction. If you are interested in consigning to one of our upcoming sales or would like further information, please do not hesitate to get in contact.
Valuation and Attribution
Tim Ingles and Paul Hayday will offer an initial evaluation of the authenticity and value of your instrument or bow. At this stage, the assessment is free and without obligation. In the first instance, we suggest submitting good-quality images to us, either by email or post. You can arrange an appointment to see Tim and Paul in person either at our premises in London or on one of our international valuation days.
If at this stage you are interested in consigning, we will usually ask you to leave your instrument or bow with us for a couple of weeks. At this point both you and Ingles & Hayday will sign a receipt document acknowledging that it is in our care and fully covered under our insurance policy. Tim and Paul will then carry out further research to define the attribution of the instrument or bow to a specific maker.
Using their expertise in the international market, Tim and Paul will recommend an auction estimate and reserve price for your instrument or bow. Once you are comfortable with the recommended price, both you and Ingles & Hayday will sign an agreement, which clearly sets out the description of your instrument, estimate, reserve price, sale date, our fees and terms and conditions.
Ingles & Hayday arrange for high-quality photographs of your instrument to be taken for our sale catalogue. You will receive a copy of the catalogue once it has been printed and are welcome to join us on sale day if you would like to watch the progress of the sale in person. All vendors will be notified of the sale results by the following day.
Following the successful sale of your instrument, payment is made thirty-five days after the auction, either by wire transfer or cheque, less Ingles & Hayday's fees.
Hammer Price - The sale price of the instrument at the point when the auctioneer's hammer falls. This price is before the addition of VAT, Buyer's Premium and any other applicable charges.
Buyer's Premium - A Buyer's Premium will be added to the hammer price of each lot and is payable by the Buyer as part of the total purchase price. The Buyer's Premium is 20% of the Hammer Price.
Estimate - The estimate is always presented as a low and high estimate, which represent the range in which the auctioneer expects the final Hammer Price to fall. Bidding may exceed the high estimate.
Reserve Price - This is the lowest Hammer Price at which the item may sell and it is not made public. It will never be higher than the low estimate but may be lower. If the bidding does not reach the Reserve Price then the lot will remain unsold.
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