Buying

A guide on how to view, bid and purchase lots at Gildings auctions

Buying at auction need not be daunting for the uninitiated. Here at Gildings, we want the process to be as straight forward and enjoyable as possible. Most information you may need can be found here, but if you have any specific questions, please ask one of our Team.

Prior to bidding

Auction catalogues and viewing

A fully illustrated catalogue of each auction can be found online prior to the event.

For our Antique & Collectors auctions, saleroom guides are available in person during Viewing days, and for Specialist or Fine Art auctions an illustrated print catalogue is available two weeks in advance.

It is advisable for you to view items in person prior to the auction on our Viewing days. If you are unable to do that, we can provide further digital images and a condition report upon request. We understand the importance of obtaining all the information you need before committing yourself to bidding on an item, so please do ask any questions well in advance of the sale.

Venue details, catalogue publication, and Viewing times can be found on the auction diary.
View Auction Diary

Viewing at Auction
It is adviseable to thoroughly inspect your lots during public viewing days prior to the auction sale

Fees

A full listing of fees and charges can be found here.

Buyer’s Premium

Do remember that all lots are subject to Buyer’s Premium on the final hammer price. At Gildings, the Buyer’s Premium is 18% (inc. of VAT at 20%). For example, if you buy a lot for a hammer price of £100, the total cost is £118.

Live bidding

If bidding live online, an additional 3.6% surcharge (inc. VAT at 20%) is also applicable. In the previous example, the total cost will be £121.60 (hammer price + 18% Buyer’s Premium + 3.6% internet charge)

VAT

On rare instances, VAT is applicable on the hammer price, as well as the Buyer’s Premium. This shall be explicitly labelled in the catalogue listing. In these instances, the total cost will be: [hammer price + 20% VAT] + Buyer’s Premium of 18%; e.g. £120 + £18 = £138 total

Artist’s Resale Right/ Droit de Suite

Some works of Art will be subject to Artist’s Resale Right charges – those where it is applicable shall be clearly indicated. Artist’s Resale Right was introduced in 2006 to ensure that artists receive a royalty when their work is resold by an auction house or gallery. This Right applies to European artists, living or those that have died within the last 70 years. This royalty is paid by the purchaser on top of the hammer price if the hammer price reaches or exceeds 1000 euros (GB Sterling equivalent on the day of the auction). The amount payable is charged on a sliding scale basis – e.g. up to 50,000 euros, the royalty rate is 4% of the sale price. A full outline is listed in our Terms and Conditions for Buyers.

Four Ways to bid

1. In Person

If you’re able to attend the auction, registration is easy! Leave your name and contact details at Registration/ Reception and in exchange you will receive your paddle number for that auction. If successful with your bidding, your paddle number will be recorded by the Auctioneer. If it is your first time bidding with us you will be asked for proof of photographic ID with address (e.g. Driving Licence).
Find the saleroom

2. Absentee Bidding

Not able to join us? Simply submit your maximum bid for a particular item, via email, online bid form, telephone, or in person. The Auctioneer will then bid on your behalf up to your maximum bid, obtaining the lot for you at the lowest possible price allowing for other bidding and any reserves.

We do ask for absentee bids to be submitted at least one hour before the auction starts. If more than one bid is received for any one lot at the same price, the first bid received shall be the winning bid.
Submit Absentee Bid

3. Telephone Bidding

Register your interest for a lot in advance of the sale and request a telephone line. One of our team will then call you live from the saleroom and execute your bidding as if you were there in person. We offer this on lots valued at £200 or above, unless you are willing to commence the bidding at £200, regardless of estimate. 
Arrange telephone bid

4. Live Online Bidding

All our auctions are hosted via the-saleroom.com, enabling you to listen and bid live on lots as the sale progresses. Pre-registration with the-saleroom.com is required for this service, and an additional 3.6% fee is added to the final hammer price. 
Visit the-saleroom.com

Register for saleroom bidding at reception to collect your paddle.

Payment and Collection

Payment

You can pay & collect your items whilst the auction is in progress. Payments are accepted by cash, debit or credit cards, or direct bank transfers. Please be aware, there is a 3.6% surcharge on credit card transactions. Single or linked transaction cash limit of the Sterling equivalent of 15,000 Euro on day of the transaction.

Collection

Once payment has been cleared you are free to collect your items from the saleroom.

If you are unable to collect your items on the day of the auction, we ask if you can arrange collection promptly – preferably within a week. If items remain after 10 working days, storage charges may be enforced.

We do not offer postage or packing for sold items regardless of size or value. There are a number of local firms who can provide this service, that you can contact to collect on your behalf. We shall not release any items to a third party without prior notification from the named buyer.

Packagers/ Couriers/ Shippers

Wherever you may be in the world, the following firms can help get your lots to you. You are of course free to appoint your own courier, but please inform us who shall be collecting your items, otherwise goods shall not be released.

Shipping Contacts

Mail Boxes Etc. Coventry
6 New Union Street, Coventry, CV1 2HN
Tel: 0247 6633 577
Fax: 0247 6633 017
Email: info@mbecoventry.co.uk

Pass the Parcel
40 Great Bowden Rd, Market Harborough, Leicestershire, LE16 7DF
Tel: 07759 068203
Tel: 07889 911663
Email: ptp10@btinternet.com

JG Transport
24 Windsor Avenue, Glen Parva, Leicester LE2 9TQ
Tel: 0116 2773656
Mob: 07807 132783
Email: sales@jg-transport.co.uk

Alban Shipping
Unit 4, Premier Business Park, Dencora Way, Luton, Beds LU3 3HP
Tel: 01582 493099
Email: info@albanshipping.co.uk