Maidens and Foster : services and fees

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Services and Fees

Payment Terms

Cash/Cheque (Business or Personal)/Eft-Pos

Buyers Premium 10% (Inc.G S T) on all sales unless specified

Vendor Payments

Posted automatically, with an inventory of good sold, to a designated person and address, within 5 working days of the accounts completion. Payments can also be deposited into NZ Bank accounts.

Collection & Delivery of Goods

Collection Service Available Napier & Hastings

Charges deducted from sale of goods

Delivery of goods is the responsibility of the purchaser

Assistance is available for packing and booking of freight

Valuations: Chattel valuations

Market Values for Matrimonial or Estate purposes

Market Values for Business liquidations/sales and GST de-registration etc

On Site Auctions

Domestic & Commercial clearances on -site

Mobile computer system

Auctioneer Service

An Auctioneer is available for hire for private auctions

Negotiated fee

Commissions & Charges

General Auctions & Collectibles Auctions

Vendor Commission: 18% (Inc GST) plus $2 per lot booking fee.

A Handling Fee shall be charged on items not sold.

Freight charges apply to items collected and/or returned to Vendors.

Buyers Premium: 10% (Inc.GST)

On-Site Auctions

Vendor: 10% (Inc.GST), negotiable with estimated sale value.

Plus Advertising costs

Minimum commission value may apply.

Chattel Valuations

Minimum fee $70.00 (Inc.GST) for written inventory, valued at Estimated Auction Selling Price.

Estimate of total fee available prior to appointment.

Appraisals

There is no charge for an appraisal of items if they are presented at our rooms or photos are supplied.

A call out fee may apply where this is not possible.

Bidding

Absentee Bidding

Maidens & Foster are proud to offer an honest and accurate service for absent buyers.

Absent buyers are asked to disclose their highest offer. This price is filed in confidence with the auction office.

The sale price will be 1 bid only above the next highest absentee bid, or bid from the floor.

In the case where there are two identical bids and no better bids, the first bid placed will take precedence.

Phone Bidding:

Maidens & Foster strive to build buyer confidence & trust with pre-auction absentee bids, and hence are reluctant to offer phone bidding. There are occasions where placing a pre-auction bid is difficult and phone bidding is the best option. Phone bids are only considered on these occasions and if the item holds "reasonable" value.