At Precision Auction House selling is made simple.
We offer our clients Sellers Premium at 10%. Precision targets a bigger audience through our accessible worldwide shipping service.
To discuss consigning with us please contact us below
Speak to our expertsRequest a free valuation. This can be done via our email address, by contacting the relevant specialist or by giving us a call.
Estimates & LotsAgree estimates and reserves. Our specialist will confirm the sale date and run through our terms of sale, then all you need to do is sign your sellers agreement which includes a list of all of the items for sale.
One of our team will arrange the collection of your property from a location of your choice. You can also come to us if preferred.
Cataloging & PaymentsWe will photograph, catalogue and put your sale online where you will be able to view your lot on our website. You just sit back and wait for the auction day.
Once we get paid, you get paid. We release the funds to you in as little as 48hrs, instead of the usual 30 days.
Terms of Business
For the purpose of the following:
Precision Auction House Ltd trades as Precision Auctions and is referred to as the Auctioneer(s)
The Seller is the person instructing the Auctioneers to sell goods by Auction
The Buyer is the person who has acquired goods at an Auction
Every auction, these Conditions of Engagement, the Glossary of Certain Terms and Conditions of Sale shall be governed by and construed in accordance with English Law and are subject to the jurisdiction of the English Courts
Terms & Conditions of Engagement
- In addition to the following, the Auctioneers’ Terms & Conditions of Sale are also published on this website: and Sellers are considered to have had notice of these, together with the Terms & Conditions of Engagement and have agreed acceptance of the same, where applicable, when requesting the entry of goods for sale
- These have been designed to protect all parties concerned but in the event of any doubt as to their interpretation, please contact one of the Directors who will assist in clarifying any queries or misunderstandings
- Upon receipt of the completed Entry Form, the Seller will be notified of the appropriate auction date(s) with delivery instructions (where applicable). Subsequently altered instructions are at the Seller’s risk unless confirmed in writing
- When instructed, the Auctioneers will arrange collection and delivery, whose charges will be deducted from the proceeds of sale, unless otherwise agreed in writing beforehand
- The Auctioneers reserve the right to catalogue goods as they see fit, determine in which Auction(s) these shall be included (i.e. General or Specialist) and refuse any lots considered to be unsalable or of negligible value: and shall not be held responsible for any expenses or loss, thereby incurred. Nor shall they be liable in respect of any loss or expenses due to the postponement or cancellation of an auction(s)
- Sellers do not incur storage charges for goods held at Precision Auction House, pending sale
- The seller will receive an emailed Pre-auction Advice, prior to the relevant auction(s) confirming allocated lot numbers, a full description of each item and where applicable, agreed reserves/estimates. Where an estimate is provided, the lower figure is regarded as the undisclosed reserve, subject to the Auctioneer’s discretion of no more than one incremental bid or 10% – whichever is the greater
- Precision Auction House, The Auctioneers act as agents only and do not hold themselves responsible for any default on the part of the Sellers or Buyers. Furthermore, the Auctioneers give notice that they are not liable for faults or imperfections found with any lot, nor for any errors of description, made innocently or otherwise, by the Seller, themselves, or their contractors
- The Seller shall indemnify the Auctioneers against any claims in connection with goods sold on the Seller’s instructions
- The Auctioneers are not authorised by the FCA to sell insurance to its clients and does not do so: but, for mutual protection, unless otherwise instructed, in writing, all goods on their premises and in their custody will be held insured by the Auctioneers against the risks of fire, burglary and water damage (but not accidental damage or breakage). The value of goods so covered shall be the gross amount realised or in the case of unsold lots, the best bid or the reserve price when the latter has been fixed or the Auctioneers’ assessment of value, as appropriate. In the case of any dispute, the Auctioneers’ decision shall be final
- The Auctioneers disclaim responsibility for all loss or damage to goods or for unauthorised removal of the same, unless proven to be directly as a result of negligence on their part or one of their contractors
- The Auctioneers use best endeavours to protect picture, mirror and other frames but often due to the fragile and unstable nature of such objects, they are susceptible to damage when handled; and notwithstanding the foregoing, they shall not be liable (nor does their insurance cover), damage to the same, however sustained
- Seller’s commission is charged on the hammer price at the rate of 10% plus 1% for insurance cover, the latter subject to minimum of £1 and a Lotting Fee of £4.50 per lot. This comprises all charges except removal, storage, illustration and advertising (where applicable). The Auctioneers reserve the right to collect the appropriate Lotting Fee with the entry form
- Unsold lots, which shall include lots offered subject to estimates or reserves – where the reserve or estimate has been specifically agreed with the auctioneers – will attract a Lotting Fee and the insurance charge. In all other cases, the charge is based upon 10% of the Seller’s reserve or mid estimate, plus the Lotting Fee and the insurance charge.
- Goods re-offered at any subsequent auction(s) will be subject to further lotting fees and insurance charges
- Precision Auction House goods consigned for sale and withdrawn prior to Auction, will attract a charge based upon 30% of the reserve/the mid estimate/a valuation provided by the Auctioneers or the highest registered absentee bid, whichever shall be the higher figure, (which shall be binding on the Seller) – subject to a minimum of £30 per lot, plus the Lotting Fee and insurance charge
- Sellers, whose goods remain at the Auction Rooms, after notice has been given for removal of the same, will be charged £1 per lot per day but goods may alternatively be removed by Precision Auctions to their store. The costs of which shall be borne by the Seller. Continued failure to collect may result in goods being sold without further notice, without reserve, to recover costs. Goods will not be released until all charges (including agreed expenses) have been paid with cleared funds
- Payment (without interest) will usually be made to the Seller approximately 14 days following the Auction, after the deduction of premium, commission, VAT and expenses (where applicable): but the Auctioneers shall not be liable for payment to the Seller until they themselves receive full payment from the Buyer
- The Seller shall not be entitled to receive any levy due under Artists Resale Rights (Droite de Suite) legislation. For details refer to http://www.dacs.org.uk.
- For additional information, please refer to Clause 26 in the Auctioneer’s Terms & Conditions of Sale
- Buyers are afforded limited rights to return goods which have been proven to be and accepted as deliberate forgeries and Sellers shall be bound by the same in all respects (see Clause 22 below)
- Notwithstanding any other terms in the Conditions of Sale/Glossary of certain Terms & Conditions, if within seven days of an Auction, a Buyer gives notice in writing to the Auctioneers, that in his/her opinion a particular lot (this shall not apply to books and other printed material, militaria and associated items) is a deliberate forgery, as defined below and within fourteen days after such written notice, returns the lot to the Auctioneers, in the same condition as it was at the time of the Auction – and by producing evidence, the burden of proof to be upon the Buyer (as are any incidental costs incurred providing such proof, together with any packing, carriage and associated expenses) satisfies the Auctioneers that the lot is a deliberate forgery, then the Auctioneers are authorised to and will rescind the transaction and refund purchase monies received by them. This benefit is not assignable
- In the context of this guarantee, a ‘deliberate forgery’ means a lot made with an intention to deceive, when considered in the light of the catalogue entry and at the date of the Auction had a value substantially less than it would have had, had it been in accordance with the description. However, there will be no right where the description in the catalogue at the time of the Auction was in accordance with the then general opinion of experts or it fairly indicated there to be a conflict of opinion. The Auctioneers reserve the right in forming their opinion to consult and rely upon any expert or authority considered by them to be reliable
- The Seller may place reserves on lots (minimum £50) but unless instructed to the contrary, all lots will be sold without reserve or at the Auctioneers’ discretion. Any lot failing to reach a reserve may be sold after the Auction by the Auctioneers, without reference to the Seller, at or above the reserve, subject to the same Terms & Conditions as set out herein
- The Auctioneers reserve the right to dispose of all unsold lots which they consider to be of negligible re-sale value, including any that have not attracted a minimum bid of £20 and at the Seller’s expense
- The copyright to all photographs and other promotional material, however published by the Auctioneers, shall remain their property, unless otherwise previously and specifically agreed and confirmed in writing
- VAT (as applicable) will be levied on all fees, charges and expenses at the prevailing rate
- Email : info@PrecisionAuctionHouse.com
- Tel: 07582159583