Selling

Valuations

We are happy to value any items brought in to the saleroom. Should you have a number of items, please contact us and ask for an onsite valuation.

Consigning your items for auction

Once you have decided to sell your items at Oriental Art Auctions, you will receive a receipt detailing in short the items and any applicable reserves and conditions. The items will then be inspected again and processed in our system. Well in advance of the sale, you will receive a detailed receipt with descriptions via email and/or post.

The reserve price

You will receive an advised estimate of each item offered for sale, and we advise that the items are sold the auctioneer’s discretion. This discretionary value would equal a selling price of 10% below the low estimate. Alternatively a fixed reserve price below which we will not sell can be agreed upon when consigning your items. A reserve can never exceed the lower estimate.

Before the auction

You will receive notification of the lot numbers of your property usually about two weeks before the sale.  You are of course welcome to come to the view or attend the auction if you wish.

Settlement

Sale results are sent out within 48 hours of the auction and settlement is usually made six weeks after the sale, subject to normal business conditions. We can only pay out if the buyer paid for the items.

Charges

Our vendor's commission is 10% and is charged per lot.
Oriental Art Auctions do not charge for insurance or photography.
There are no charges for unsold lots. Removal and storage costs will be charged where appropriate.
To see our standard terms and conditions of sale click here.

 

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