Terms for Vendors

PUBLIC AUCTIONS

The terms for vendors are as follows:

• Commission on sales 15%.
• Unsold lot charge of $10.
• All consignments must have a minimum estimate value of $1,000.  The minimum estimate per lot is normally $250, (some material may need to be combined to reach this figure).
• Insurance fee of 1% of estimate.
• Damaged or poor quality stamps are not wanted under any circumstances.
• No lot is sold under 70% of estimate.
• For NZ resident vendors, all charges are subject to Goods & Service Tax of 15%.

An Auction Catalogue is sent to all vendors 3-4 weeks before the auction.

The last acceptance for material is generally the end of July each year.