Valuations & Selling
There are many reasons for needing a professional valuation of an object, a collection or the contents of a house, the main ones being insurance, probate and family division. Valuation is not as straight-forward as it may at first appear as the value given will differ according to the purpose of the valuation.
Valuations for insurance require values that will be appropriate for retail replacement, perhaps at top international prices. Such valuations need to be regularly updated to keep pace with changes in the market place.
Probate values need to be set at realistic market values and, bearing in mind that inheritance tax in the UK may be charged at 40% of the probate value, any over valuation can be very expensive.
Values do not remain constant over time as the market for art and antiques is always changing with fashion and economic conditions in this country and internationally. In addition, knowledge is constantly expanding and experts can have genuine differences of opinion over authenticity and desirability, and therefore value.
The law in the UK states that a professional valuer must have the appropriate skills, must exercise his duty of care and will be liable for errors of a professional nature.
Here at Garth Vincent Antique Arms & Armour we adhere strictly to the guidelines set down by LAPADA (one of the worlds leading antique dealers associations), and are pleased to offer the service to value your objects or collections.
The Conditions of Business for Sellers govern all aspects of the consignment, report, holding and sale of Property by Garth Vincent Antique Arms & Armour.
We offer two options to sellers:
1. We sell at a commission of 15%
2. We agree a fixed price on an item and we add our commission
DEFINITIONS
“Seller” is the owner of the Property, their agent, executors or the person in possession of the Property (as appropriate).
“GV” means Garth Vincent Antique Arms & Armour, The Old Manor House, Allington, Nr. Grantham, NG32 2DH, VAT No. 416 1749 56.
“Seller’s Commission” is the commission Garth Vincent charges Sellers of Property.
“Expenses” are Garth Vincent's expenses, fees and charges relating to the Property, including legal expenses, insurance charges, illustration fees, administration fees, customs duties, shipping and packing costs, tests, searches and enquiries.
The Seller’s Commission is subject to VAT, where applicable.
1. SELLER’S WARRANTIES
(a) The Seller warrants to GV and the Buyer that:-
(i) the Seller is the owner of the Property or is properly authorised to sell it;
(ii) the Seller shall transfer possession and good title in the Property to the Buyer, free from any third party claims;
(iii) the Seller has provided all relevant information about the ownership, condition, authenticity, attribution, provenance and import/export history of the Property;
(iv) there are no copyright or other restrictions on GV’s rights to produce and publish images of the Property.
(b) The Seller will indemnify GV, employees and Buyers of the Property against all losses and damages resulting from a breach of any of these warranties or other Conditions of Business. GV may cancel, rescind or postpone sales of Property where it reasonably believes that there has been or may be a breach of these warranties or any other Conditions of Business by the Seller.
2. SALE PREPARATION
(a) GV shall have sole discretion as to how Property is described, illustrated and marketed.
(b) GV may, without obligation, consult with third party experts and carry out such other research for the Property as it deems necessary. GV may transfer possession of the Property to such third parties and shall not be responsible for the acts and omissions of such third parties.
(c) GV shall have the absolute right to produce and publish images of any Property consigned for sale and will retain copyright in any such images it produces.
3. EXCLUSION OF LIABILITY
(a) GV shall not be liable for any errors or omissions in any written or oral information provided to Sellers or for acts or omissions relating to the conduct of the auction or any other matter relating to the sale of Property, whether negligent or otherwise, subject always to Condition 3(c).
(b) Without prejudice to Condition 3(a), any claim against GV shall be limited to the Net Sale Proceeds for the relevant Property. GV shall not in any circumstances be liable for any indirect or consequential losses.
(c) GV’s liability to the Seller in respect of death or personal injury caused by GV’s negligent acts or omissions shall not be excluded or limited.
4. LOSS OR DAMAGE TO PROPERTY
(a) Unless otherwise agreed in writing, GV will assume the risk of loss or damage to Property received from the Seller until:-
(i) risk passes to the Buyer
5. PAYMENT OF NET SALE PROCEEDS
(a) Subject in all cases to prior receipt of cleared funds by GV and subject to rescission of the sale under Condition 6, 35 days after the sale date or 5 working days after receipt of cleared funds from the Buyer (whichever is later), GV shall send the Seller the Net Sale Proceeds in pounds sterling, less any other amounts owed by the Seller to GV.
(b) GV shall not be obliged to check the ability of Buyers to pay for Property and shall have absolute discretion whether to use any of the rights and remedies against defaulting Buyers contained in the Conditions of Business for Buyers.
6. RESCISSION OF SALES
GV may rescind the sale where it reasonably believes that the Property is Counterfeit, as defined by GV’s Guarantee of Authenticity, in which case GV shall send the Seller a notice of such rescission. The Seller agrees to return to GV the Net Sale Proceeds received from the sale of such Property together with any additional Expenses incurred by GV.
(a) GV will use information supplied by Sellers or otherwise obtained lawfully by GV for the provision of auction related services, client administration, marketing and as otherwise required by law.
(b) By agreeing to these Conditions of Business, the Seller agrees to the processing of their personal information and to the disclosure of such information to third parties world-wide for the purposes outlined in Condition 7(a).
8. MISCELLANEOUS
(a) If any part of these Conditions of Business be held unenforceable, the remaining parts shall remain in full force and effect.
b) These Conditions of Business shall be interpreted in accordance with English Law under the exclusive jurisdiction of the English Courts, in favour of GV.
New Items: As of 21/02/2012
Garth Vincent in brief
Welcome to Garth Vincent Antique Arms & Armour. Suppliers of fine antique flintlock pistols, long guns, percussion pistols, military swords, Japanese swords and a wide range of antique arms & armour.
We have an incredible amount of stock, with items dating from the English Civil War right up to World War II. Besides antique firearms Garth Vincent also offer antique arms & armour, antique swords, guns, helmet and cannon.
Each of our vintage firearms are sold as antique collectors items and are not intended for use under section 58 ii of the British Firearms Amendment Act.
If you are searching for that elusive flintlock pistol, this is the site for you.