With a passion for art and antiques at auction, our experts and consultants thrive on the discovery of interesting works of art whilst making the auction process efficient and manageable for our clients.
W.H. Lane Auctioneers hold an unrivalled in-house service and experience in the South West area of England, with a new Northern office planned to open in York next year, this will expand our geographical reach.
Buying at auction
There are four ways of buying with W H Lane. You may bid in the room on the sale day, leave a commission bid with us to execute on your behalf, arrange a telephone bid, or bid online. In each case, you will need to bear in mind that there is a buyer’s premium payable on each lot in addition to the hammer price. There is VAT payable on the buyer’s premium at the standard rate. In addition to these standard charges there are fees applicable to buyers online and a charge known as Artists Resale Rights (ARR), occasionally referred to as droite de suite. ARR applies to paintings, works of art and sculptures wrought by living artists, it remains applicable up to seventy years after the artists’ death.
Room bidding: You will need to register at our reception desk and you will be provided with a paddle number. It is advisable to register prior to the commencement of the sale, especially if you are a first-time bidder, to ensure you are settled in the room in good time prior to the lot(s) you are interested in being offered. As a guide, the auctioneer offers lots for auction at a rate of 100-120 lots per hour. When the lot you are interested in comes up indicate clearly to the auctioneer that wish to bid, a wave of the hand or showing your bidding number. The auctioneer will indicate if the bidding is with you or with another individual in the room/internet/commission bid. If you have been outbid and wish to bid one more indicate again until you reach your limit or the bid is with you and there are no opposing bids. If you are the successful bidder the auctioneer will ask for your bidding number and will note this down together with the hammer price in the auctioneer’s book. At the conclusion of the sale, we would ask that you settle your account. The price will be the total hammer price plus buyers premium and ARR (if applicable).
Commission Bidding: You may leave a bid with us to execute on your behalf. Decide how much you would like to bid and note this down on one of our commission bid forms, together with your contact details. We will try to purchase the lot on your behalf against any other bidding. The auctioneer will normally open the bidding with a figure at the reserve price and take consecutive bids from commissions, the room and the internet until the figure you left has been exceeded. If no bids exceed yours, the lot will be sold to you at lowest figure exceeding that of the next highest bid. There is no additional fee for this service other than buyer’s premium.
Telephone Bids: We can arrange a telephone bid on specific lots in each sale. This needs to be pre-arranged a day prior to the auction and is only applicable on lots with an estimate in excess of £300. A member of our staff will telephone you five lots prior to the auctioneer offering the lot that you are interested in. When the lot is offered you will be advised what the ‘asking price’ is and if you would like to bid. You will be advised of a competing bid and asked if you would like to bid again. This process would continue until you are successful or you are outbid. There are no additional fees for this service other than buyer’s premium.
Internet Bidding: You may bid online for lots in our auctions. Our sales appear on www.the-saleroom.com and you may register to bid online via that website. There is an additional charge payable to the website provider of 3% (plus VAT) for successful buyers using this service. This charge will appear on your invoice as a separate charge.
Condition Reports: We are pleased to provide condition reports for lots in our auctions. Such reports are offered as guidance only to the general condition of a lot. In all circumstances, we would ask buyers to ensure they are satisfied as to the condition of lots prior to bidding.
Catalogue Amendments: Catalogues are prepared in advance, on occasion the auctioneer may amend a description or estimate whilst the lots are on view. Such amendments will be announced by the auctioneer and are displayed on an amendment sheet posted in the saleroom. Buyers are advised to familiarise themselves with any such amendment prior to bidding for a lot.
Collections: Lots Purchased lots need to be collected three working days of the auction. Lots left in our care after this deadline would be subject to a storage fee of £2 (plus VAT) per lot per day. Lots left for a period in excess of three months will be sold.
Packing: We are pleased to offer a packing service for selected lots in our sales. This service is limited by the size and nature of the lots in question. In circumstances where the lots in question are beyond our scope, we would be pleased to recommend local specialists carriers. In-house packing will be charged at cost, we will forward fees quoted by third-party carriers before proceeding. In all cases, we would be pleased to discuss your individual requirements.
Bidding Increments: W H Lane normally use fixed bidding increments as detailed below. However, increments are at the auctioneers discretion and may vary.
Bid Value Increment
0 – £50 £5
£50 – £200 £10
£200 – £500 £20
£500 – £1,000 £50
£1,000 – £2,000 £100
£2,000 – £5,000 £200
£5,000 – £10,000 £500
£10,000 – £20,000 £1,000
£20,000 – £50,000 £2,000
£50,000 – £100,000 £5,000
£100,000 – £200,000 £10,000
Selling at Auction
The first step in the process is to establish a mutually acceptable estimate and reserve. Our valuers will expertly examine your item(s) and advise you, based upon current market trends as to the most appropriate estimate and reserve price. The reserve figure is not disclosed to bidders and it is the price below which we would not sell an item(s). We do not place reserves higher than the lower estimate figure. Estimates are published in our catalogue as a guide to buyers.
Item(s) left in our care will be listed on a receipt and arrangements made for their inclusion in the next appropriate auction. We will discuss dates of forthcoming auctions with you at the point of receipting, forthcoming sale dates are also listed on our website. The pieces will then be catalogued by one of our valuers and our in-house photographer will photograph them. The lot(s) will be expertly arranged in our saleroom and available to view from the Saturday prior to the sale date. We will arrange for the production of a catalogue which will be distributed to our client base and available for purchase. The sale will also be available online ten days prior to the auction. All lots offered in our sales are illustrated online, some of these images are also reproduced in our catalogue.
We charge a commission fee of 12.5%, in addition to this basic charge there is a lotting fee of £5 and an insurance fee of 1.5%. Lots illustrated in our catalogue would be subject to a fee of £25 per image, our expert staff would discuss this further with you when the item(s) are consigned. All our charges are subject to VAT. Payments are normally made by BACS transfer, our payment terms are 21 days following the sale date providing payment from the purchaser has been received. Payments by cheque can be made by prior agreement.
Unsold Lots: Lot(s) that fail to reach their reserve will remain unsold. The lotting fee will be charged in these circumstances however there are no further fees to pay. We will discuss unsold lot(s) with their owners and where appropriate re-offer these in a subsequent auction at a reduced estimate and reserve. If the lot were subject to an after-sale offer we would only revert to the vendor when this offer falls below the agreed reserve. Unsold lots that are not to be re-offered should be removed from the saleroom within ten working days of the auction. Lots remain in the saleroom after this period will be subject to a storage fee of £2 per (plus VAT) lot per day. Lots left for a period in excess of three months will be sold.
W H Lane & Son offer a full valuation service. We have a team of experienced individuals who can be called upon to catalogue and value a wide variety of chattels. For those clients considering selling items, we are pleased to offer a free open market valuation without further obligation. Our offices are open Monday-Friday between 9:00-13:00 and 14:00-17:30 and we are pleased to value items on-the-spot if a valuer is available. It is advisable to telephone for an appointment in the office to avoid disappointment.
You may also send photographs or email digital images. We would ask that the images are clear however they do not need to be of a high resolution, which will make them easier to email. Additional images of signatures and marks are of a benefit together with dimensions and any note of damage, again a photograph may help with this. Finally any detail you know of the objects history will be of assistance.
We can arrange a visit to your home in certain circumstances. However, we ask for images to be emailed in advance so that our valuer might discuss the items at greater length with you, prior to arranging a home visit.
In addition to the above, we also undertake professional valuation work; including insurance and probate valuations. The charge for such valuations is £150 (plus VAT) for the first hour and £100 (plus VAT) per hour thereafter. We are pleased to discuss your individual requirements and are prepared to tailor our service to your needs.