Useful Information for Buyers
1. Before the auction
Pre-sale estimates are intended as a guide for prospective buyers. Any bid between the low and high pre-sale estimates would, in our opinion, offer a chance of success. However, lots can realise prices above or below the pre-sale estimates. It is advisable to consult us nearer the time of sale as estimates can be subject to revision. The estimates printed in the auction catalogue do not include the buyer’s premium or VAT.
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.
Condition of lots
Prospective buyers are encouraged to inspect the property at the pre-sale exhibitions. Solely as a convenience, Ingles & Hayday Ltd may also provide condition reports. The absence of reference to the condition of a lot in the catalogue description does not imply that the lot is free from faults or imperfections. Please refer to Condition 3 of the Conditions of Business for Buyer’s . Please note that Ingles & Hayday Ltd are not professional restorers and buyers may wish to consult a restorer / violin maker before the sale for an independent condition report.
In certain circumstances, Ingles & Hayday Ltd may print in the catalogue the history of ownership of an instrument if such information contributes to scholarship or is otherwise well known and assists in distinguishing the work. However, the identity of the seller or previous owners may not be disclosed for a variety of reasons. For example, such information may be excluded to accommodate a seller’s request for confidentiality or because the identity of prior owners is unknown given the age of the work.
If Ingles & Hayday sells an item which subsequently is shown to be a "counterfeit", subject to the terms below, Ingles & Hayday will set aside the sale and refund to the buyer the total amount paid by the buyer to Ingles & Hayday for the item, in Pounds Sterling. For these purposes, "counterfeit" means a lot that in Ingles & Hayday’s opinion is an imitation created to deceive as to authorship or origin, where the correct description of such matters is not reflected by the description in the catalogue.
This is subject to terms set out in the ‘Guarantee’ section of Ingles & Hayday’s Conditions of Business for Buyers.
This Guarantee is provided for a period of thirty (30) days after the date of the auction and is solely for the benefit of the buyer and may not be transferred to any third party. To be able to claim under this Guarantee, the buyer must:-
(i) notify Ingles & Hayday immediately on receiving any information that causes the buyer to question the authenticity or attribution of the item, specifying the reasons why it is thought to be counterfeit; and
(ii) return the item to Ingles & Hayday in the same condition as at the date of sale to the buyer and be able to transfer good title in the item, free from any third party claims arising after the date of the sale.
Ingles & Hayday has discretion to waive any of the above requirements. Ingles & Hayday may require the buyer to obtain at the buyer’s cost the reports of two independent and recognised experts in the field, mutually acceptable to Ingles & Hayday and the buyer. Ingles & Hayday shall not be bound by any reports produced by the buyer and reserves the right to seek additional expert advice at its own expense.
2. During the auction
Conditions of Business
The auction is governed by Ingles & Hayday Ltd's Conditions of Business and Authenticity Guarantee. These apply to all aspects of the relationship between Ingles & Hayday Ltd and actual and prospective bidders and buyers. Anyone considering bidding in the auction should read them carefully. They may be amended by way of notices posted in the saleroom or by way of announcement made by the auctioneer.
Bidding at auction
Bids may be executed in person by paddle during the auction, online on the Ingles & Hayday bidding platform, in writing prior to the sale and by telephone. Auction speeds vary, but average between 70 and 100 lots per hour. The bidding steps are generally in increments of approximately 10% of the previous bid. Please refer to Conditions 5 and 6 of the Conditions of Business for Buyer's.
Bidding in person
In order to bid in person, you will need to register for and collect a numbered paddle before the auction begins. Proof of identity will be required. Should you be the successful buyer of a lot, please ensure that your paddle can be seen by the auctioneer and that it is your number that is called out. Should there be any doubts as to price or buyer, please draw the auctioneer's attention to it immediately. All lots sold will be invoiced to the name and address in which the paddle has been registered and cannot be transferred to other names and addresses.
Please do not mislay your paddle, in the event of loss, inform the Sales Clerk immediately. At the end of the sale, please return your paddle to the registration desk.
You may bid online during the auction via Ingles & Hayday’s online bidding platform and registration for online bidding link to online-bidding is open 30 days prior to the auction. In order to complete registration for online bidding, you will be required to submit a copy of your photo ID. Online bidding will only be available during the live auction and will commence at 2pm on the auction day. For futher information on online bidding please read more.
Absentee & telephone bids
If you cannot attend the auction, we will be happy to execute written bids on your behalf or you can bid on the telephone. A bidding form and more information can be found at Absentee / Telephone Bidding.
Consecutive and responsive bidding
The auctioneer may open the bidding on any lot by placing a bid on behalf of the seller. The auctioneer may further bid on behalf of the seller, up to the amount of the reserve, by placing consecutive or responsive bids for a lot. Please refer to Condition 6 of the Conditions of Business for Buyer's.
As a courtesy to bidders, currency conversions are provided in the catalogue on the Ingles & Hayday website. These estimates are to be used as a guideline only. All bids, invoices, and payments will be in GBP (Pounds Sterling).
Import of a lot into a buyer's destination country
The buyer’s inability to import any item into their destination country as a result of Government economic sanctions or other restrictions shall not justify cancellation or rescission of the sale or any delay in payment. Please satisfy yourself before bidding as to whether a lot is subject to such import restrictions, or any other restrictions on importation or exportation.
3. After the auction
Payment is due immediately after the sale and may be made by the following: wire transfer in sterling and cheque in sterling. Please note that debit card (Visa debit, Connect or Maestro) and credit card (Visa or Mastercard) can only be accepted on the day of the sale up to a maximum of £10,000. Please note we do not accept cash payments. It is Ingles & Hayday Ltd's policy to request new clients to provide proof of identity (by providing some form of government issued identification containing a photograph, such as a passport, identity card or driver's licence) and confirmation of permanent address. Cheques should be made payable to Ingles & Hayday Ltd. Although personal and company cheques drawn in Pounds Sterling on UK banks are accepted, you are advised that property will not be released until such cheques have cleared.
Our bank account details are shown on our invoices. Please include your name, Ingles & Hayday Ltd's account number and invoice number with your instructions to your bank. Please note that we reserve the right to decline payments received from anyone other than the buyer of record and that clearance of such payments will be required. Please contact us if you have any questions concerning clearance. We reserve the right to seek identification of the source of funds received.
It is Ingles & Hayday Ltd's policy to request proof of identity on collection of a lot. Lots will be released to you or your authorised representative when full and cleared payment has been received by Ingles & Hayday Ltd.
PLEASE NOTE THAT ON THE DAY OF THE SALE PURCHASED LOTS MAY BE COLLECTED FROM SOTHEBY'S UPPER GROSVENOR GALLERY, BLOOMFIELD PLACE, BOND STREET UNTIL 4.30PM ONLY.
FROM THE DAY AFTER THE SALE, PURCHASED LOTS MAY ONLY BE COLLECTED FROM 77 GREAT TITCHFIELD STREET, LONDON, W1W 6RF, 9.30-4.30, MONDAY TO FRIDAY.
Storage charges may be levied on uncollected lots. Please refer to Conditions 7 & 9 of the Conditions of Business for Buyers.
Loss or Damage
Buyers are reminded that Ingles & Hayday Ltd accepts liability for loss or damage to lots for a maximum period of seven (7) days after the date of the auction. Please refer to Condition 7 of the Conditions of Business for Buyers.