GUIDE TO BUYING AT MEALY’S AUCTIONS THE DUBLIN RESIDENCE SALE 2013
Step 1 - Browsing: All items scheduled for sale in our auctions are featured on our website with descriptions, estimates, illustrations, and any other relevant information such as provenance, exhibition history, etc. By visiting Auctions on our site, you will have access to all this information at the touch of a button. PDF versions of the print catalogue are also available online. If an item takes your fancy, you can request a condition report, or further images, or a call-back from the expert. Just make sure such enquiries are made in good time. If you prefer the printed word, our catalogue publications are generally available approximately 7 working days in advance of the sale. These feature much of the information from the website such as descriptions, estimates, etc and also show a cross section of illustrations of the most exciting lots. These can be ordered online, or you can telephone our offices to request a copy of same. You can also subscribe to our mailing list on an annual basis to ensure you receive these publications by post while they are still hot off the press. Public viewing takes place on the two days immediately prior to any major sale, wherein you can visit our gallery and inspect the items for yourself.
A note on Estimates: All estimates are shown in Euro. The figures are intended as a guide to prospective purchasers in relation to the value of the piece. They are approximate values, based on previous sales of comparable items, are not definitive and subject to revision. Reserves, if applicable, will not be higher than the lower estimate, adjusted for vendor commissions.
A note on Condition Reports: Requests for condition reports must be received prior to public viewing, i.e. at least three days in advance of the sale, to allow time for the request to be processed and a response to be prepared. All lots at auction are sold ‘as is’. Imperfections, defects and other condition issues are not stated in the catalogue description. It is the duty of the prospective purchaser to satisfy himself or herself as to the condition of a lot prior to bidding. Condition reports may be requested in advance of sale and best efforts will be made to provide prospective purchasers with such reports, but such reports are merely the gratuitous opinion of the auctioneer. Subsequent disputes arising in relation to the content of such reports will not be entertained.
Step 2 - Bidding: There are a number of bidding methods available at Mealy’s, including paddle bidding in the auction room, absentee bidding such as commission bidding & telephone bidding, and online bidding.
Paddle Bidding - Come to the saleroom on auction day and experience the atmosphere and buzz of a real live auction. Paddles are available on entry, but if you haven’t registered with us for bidding previously, please bring a government issued ID and allow up to 20 minutes for registration to process Commission Bidding - Fill out a written absentee bid form instructing the auctioneer to bid on your behalf up to a fixed maximum bid. You will be alerted after the sale if you have been successful.
Telephone Bidding - Fill out a telephone absentee bid form and receive a call from one of our team moments before your lots is offered, who will assist you and will execute your bids to the auctioneer in real time over the telephone Online Bidding - Choose your favourite online bidding forum and bid from the comfort of your own home at the click of a button
Step 3 - Payment: Once you have confirmation that you have won your lot(s), there are a host of options available for payment. Payment must be completed within five working days of the sale date. There are several payment options to choose from, including cash, cheque drawn on an Irish bank, Euro bank draft, EFT, debit card and credit card. Remember first however that your hammer price total is subject to a buyer’s premium of 20% (VAT inclusive) in all cases of lots purchased at auction. Online Bidding will often be subjected to a 3% surcharge, thus such bidding will incur a total premium of 23%. Finally, if choosing pay by credit card, there will be additional charges added to the invoice total, 3% for Mastercard & Visa, 5% for American Express.
Step 4 - Collection & Delivery: Once you have made payment, collection is available for five working days following a sale. In the event of a two-day sale, collection of items purchased on the first day will be unavailable on the second day since a live auction is still in progress. Mealy’s are happy to advise and assist with collection enquiries and can provide a list of approved service providers upon request. International buyers are encouraged to seek quotations for shipping in advance of purchasing at Mealy’s. Lots not collected will be subject to clause 5 of the conditions for buyers.
Once you have made payment, collection is available at Herbert House up to 7pm on Sunday June 23rd; from 9am to 5pm on Monday 24th June & from 9am until Noon on Tuesday 25th June. After this, all items will be removed to Mealy’s warehouse in Kilkenny at the purchaser’s risk. Transfer to Mealy’s will cost €10 per lot and a storage fee of €5 per day will commence on all lots not collected by Wednesday July 3rd. International buyers are encouraged to seek quotations for shipping in advance of purchasing at Mealy’s.
A note on VAT
All lots offered at auction are sold under the Auctioneer’s VAT margin scheme, unless specifically highlighted as otherwise. Revenue regulations require that the buyer’s premium must be invoiced at a rate which is includive of VAT. This is not recoverable by any VAT registered buyer. Some lots purchased by international buyers and exported outside the EU may be exempt, however, it is the duty of the buyer to seek advice in relation to same. For further information, please contact Irish tax and customs at www.
revenue.ie.
TERMS & CONDITIONS FOR BUYERS 1. THE BUYER
The buyer shall be highest bidder acceptable to the auctioneer, whose bid is at the hammer price. Any dispute arising in relation to same shall be settled at the auctioneer’s sole discretion. Bidders will be assumed to acting as principal in the transaction unless specific instructionsare provided detailing otherwise. As such, all bidders are liable in a personal capacity for the total amount due, irrespective of agency agreements. Mealy’s contract as agents for sellers whose identity, for reasons of confidentiality, is generally not disclosed. Accordingly, buyers are reminded that the primary contract is between the buyer and the seller, with Mealy’s acting as agent for the seller.
2. INSPECTION
Ample opportunity is given for inspection. Each purchaser, by making a bid for a lot, acknowledges that he or she is fully satisfied before bidding, by physical inspection or otherwise, as to the description, condition, and other information relating to the lot. Despite all efforts being made to ensure accurate descriptions and estimates, lots purchased are assumed to have been viewed and inspected. As such, all lots are sold with all faults and errors of description, at the buyers risk. The Auctioneers are not responsible for the correct description, genuineness, authenticity or any default or defect in any lot, and make no warranty in this respect. Estimates reflect a range of values, the lower of which usually represents the reserve price. Buyers are reminded that estimates are merely the opinion of the auctioneer, are subject to change and are in no sense definitive.
3. PAYMENT
All lots purchased are subject to a 20% (VAT inclusive) buyer’s premium. By bidding, all prospective purchasers agree in advance to pay this premium on the hammer price. Buyers attending the auction are encouraged to pay for lots purchased on the day of sale. Unless otherwise agreed in writing prior to the auction, the buyer of a lot shall pay to the auctioneer within five working days the total amount due. Notwithstanding this, the auctioneer may at its sole discretion, require a buyer to pay a deposit of up to 25% of the total amount due at the conclusion of the auction. The auctioneer may apply any payments received by a buyer towards any sums owing from that buyer to the auctioneer on any account, regardless of directions given by the buyer in that regard, whether express or implied. Payment methods include cash, Euro bank draft, cheque drawn on the buyer’s Irish bank account, EFT (subject to applicable bank charges), debit card and credit card (subject to 3% surcharge for Mastercard & Visa and 5% surcharge for American Express). Under no circumstances can the Auctioneers accept third party cheques either in full or part payment of any lot. Non-payment by a buyer may result in any of the following actions:
• proceedings against the buyer for damages for breach of contract • recission of sale • resale of the lot(s) without notice, after which the buyer shall be responsible for any resulting deficiency in the total amount due • removal, storage and insurance of the lot(s) at the buyer’s expense • interest may be charged, commencing after five working days from the sale date, on the outstanding debt at a rate 1% above the Bank of Ireland base interest rate on the day of purchase
• retention of lot(s) purchased at Mealy’s until the outstanding balance is settled in full • rejection of all future requests for bidding by the buyer or his/her agent • application of proceeds of sale of items consigned to Mealy’s by the buyer in settlement of outstanding balances
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