Buying

Buying

Condition Reports

These can usually be provided prior to the commencement of the sale. Any questions regarding condition must be resolved to the buyer’s satisfaction before leaving a bid.

Condition reports should be considered opinion only and the purchaser should satisfy themselves as to whether or not in their own judgement, the lot accords with the description or indeed their expectations.

Digital Photographs

Lugosi Auctioneers can email digital images of any lot prior to the sale. This is a complimentary service.

Bidding

In Person

Before bidding prospective buyers are required to register. You will be asked to provide your name, address and telephone number, and will then be given a bidding number. This numbered bidding system ensures client confidentiality and the information will be used for accounting purposes only. Proof of identity will be required, i.e. Drivers licence, upon registering.

By Absentee Bid

If you are unable to attend the Sale, you can leave a bid in your absence. Absentee bidding forms are available and should be submitted in person, by email or fax prior to the auction (we will try to place bids on the auctioneer’s sale sheets after the start of the auction but cannot guarantee the execution of bids).

We always try to buy the lot for as little as possible subject to competition from other bidders. If there are two identical bids, the first one received by Lugosi Auctioneers will take precedence.

In some instances depending on the amount and/or quantity of the commission bid(s) and whether or not you are a regular customer, we may ask for credit or debit card details to guarantee your bid(s). We will not process the card unless you fail to pay for the items after seven days from the date of the Sale. As an absentee bidder should you be successful we will contact you after the auction has ended.

Please note that if you are successful in your bid, the lot(s) must be paid for and collected by 4pm the day following the auction. Unless alternative arrangements have been made with us, storage charges will be levied until payment/collection takes place. The onus is therefore as much on the bidder as the auctioneer to check on the status of their bids and to complete the transaction.

By Telephone

Telephone bidding is available during auctions for those who cannot attend but who want to bid ‘live’ at the sale. Please contact us as early as possible if you would like to arrange a line, which are reserved on a ‘first come, first served’ basis. We will telephone you approximately several lots prior to the relevant lot to ensure a good connection (especially mobiles/international). We recommend a back up telephone number and a cover bid in case we cannot reach you by telephone. Telephone bidding is usually reserved for higher value lots and at Lugosi Auctioneer’s discretion.

Internet Bidders

Internet bidders will be charged a 5% surcharge on top of the 19.8% Buyers Premium when bidding on Invaluable Live. A valid credit card will be required to register for live bidding. This is offered as a service and any loss or missed bids due to the failure of the internet connection will not be entertained, a covering bid is always advisable. Payment is required within forty eight hours if successful.

Buyer’s Premium

All lots are subject to a Buyer’s Premium of 18% + GST (19.8% inclusive).

Methods of Payment

We accept the following methods of payment:
Cash, Bank transfer, EFTPOS, MASTERCARD, VISA .
There is a 1.5% surcharge for credit cards.

Collection of Lots

Goods will not be released until the purchaser’s account has been paid in full. Payment can be made during the sale and, where possible, items may be removed. Larger items such as cabinets, chests, dining tables etc must be removed after the auction has finished.

Good must be collected by 1pm the following day, when the auction is performed ‘On-Site’. If the auction is conducted in rooms, the goods must be collected within forty eight hours from the end of the sale. We can provide the name of a carrier if required.

Any goods not collected within the stipulated time after the auction will be charged a storage charge of $10.00 per lot per day unless alternative arrangements have been made. This applies to all buyers, whether they bid in person, by commission or by telephone or internet bidders.

Packing and Shipping

Buyers must arrange their own carriers for the removal of large items such as furniture, paintings,etc. We are happy to recommend local carriers. The buyer is responsible for any and all costs. For overseas clients Pack and Send are able to pack fragile & valuable antiques from small to very large items and arrange delivery.

For local and interstate buyers small items can be packed and posted at the buyer’s risk. A small charge will be made for time and materials. Please ask for an estimate for postage and packing prior to bidding, as once a lot is purchased the cost is the sole responsibility of the buyer no matter the cost. Internet bidders must pay all delivery/postal charges before goods will be despatched.

The Auctioneer in this case Lugosi Auctioneers retains the right to refuse admission to any person/s to any auction.

Lugosi Auctioneers also retains the right to in the case of a dispute or missed bid/s reoffer the lot even if the hammer has fallen.

Any description, catalogue entry either verbal or written by Lugosi Auctioneers or staff is a statement of opinion only and will not void the sale of the lot/s. Prospective Buyer’s must inspect or satisfy themselves as to the authenticity of a lot before bidding.