Catalog: The Monarch Collection

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The Monarch Collection

Collectibles & Memorabilia

Spink

Pound Sterling (GBP)

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Terms and Conditions

IMPORTANT INFORMATION FOR BUYERS & TERMS & CONDITIONS OF SALE:

Your bid is a binding and legal contract. Your bid constitutes acceptance of all the following Terms & Conditions of sale.

Spink are not are to be held accountable for human errors, errors in eBay or errors of any nature not directly in our control.

When identical absentee bids are received by Spink the first received by the auctioneer will take precedence.

The auctioneer has the right at his absolute discretion to:  refuse any bids, to advance the bidding in such a manner as he may decide, to withdraw or divide any lots.  In the case of error or dispute, to put an item up for bidding again.

Spink charges a premium calculated at the Rates of Premium set out below on the price at which a Lot is knocked down to 
the Buyer – the ‘Hammer Price’ – plus VAT at the appropriate rate.

The Rate of Premium is 22.5% on the first US$4000 of the final hammer price of each lot  up to and including US$4000 and 20% of the excess of the hammer price above US$4000.

Buyer is responsible for all shipping, handling, tax, VAT and import fees and any other applicable fees.

Bought in Lots 
A charge of 5% may be made on the final bid for all Lots failing to reach their reserve.

Other Charges
Where applicable, there will be charges for insurance, freight and transit insurance.

Storage Charges 
For a short period after the auction, uncollected purchases and unsold lots are held at the salerooms. Thereafter they will be removed for storage and charges will be incurred.

II. Value Added Tax (VAT) - Charging of (VAT) at auction

The information shown on this page sets out the way in which Spink intends to account for VAT.

(a) Buyers 
(i) Auctioneers’ Margin Scheme 
Where possible, Spink will offer lots for sale under the Auctioneers’ Margin Scheme. Such lots can be identified by 
the absence of any symbol next to the lot number in the catalogue and will not be subject to VAT on the Hammer Price.

Where lots are sold using the Auctioneers’ Margin Scheme to VAT–registered businesses, the VAT included within the 
premium is not recoverable as input tax. On request immediately after sale, Spink will issue invoices that show VAT 
separately on both hammer price and buyer’s premium. This will enable VAT-registered businesses to recover the VAT 
charged as input tax, subject to the normal rules for recovering input tax.

(ii) Zero-Rated lots 
Limited Categories of goods, such as books, are zero-rated for VAT in the United Kingdom. Such lots are offered under the 
Auctioneers’ Margin Scheme. In these circumstances no VAT element will be included within the buyer’s premium.

(iii) Daggered lots 
Lots which are daggered (†) in the catalogue are subject to VAT at 17.5% on both the hammer price and the buyer’s premium.

(iv) Starred and Omega lots 
Lots which are marked (x) in the catalogue are subject to VAT at 5% on the the hammer price and 17.5% on the buyer’s 
premium. Lots which bear the Omega symbol (O) are subject to VAT at 17.5% on gross price. Such lots bear VAT because 
the lot is liable for VAT at this rate on importation into the EU.

(v) Investment Gold lots 
Lots marked (g) in the catalogue are exempt from VAT on the hammer price and are subject to VAT at 17.5% on the buyer’s 
premium.

(vi) Further information on imported lots 
Lots which are marked (x) and Lots which bear the Omega symbol (O) have VAT charged on the hammer price and buyers’ premium because they have been imported into the United Kingdom from outside the EU.

In such cases Spink has used a Temporary Importation procedure, which in effect means that the point of importation 
is deferred until the lot has been sold by Spink. At this point the buyer is treated as the importer and is liable to pay the import VAT due. The VAT is collected by Spink and paid to HM Customs and Excise on behalf of the buyer.

(vii) Invoicing 
Invoices may consist of one or more pages and will show: zero rated lots; lots sold under the Auctioneers’ Margin Scheme; 
lots marked (g) special scheme investment gold; daggered lots (†), lots marked (x) import VAT and lots marked (O) omega 
lots.

(viii) VAT Refunds – General 
As Spink remains liable to account for VAT on all lots unless proof of export is held, buyers will generally be asked to 
deposit all amounts of VAT invoiced. However, if a Spink nominated shipper is instructed, then any refundable VAT will 
not be collected. In all other cases credits will be made when proof of export is provided.

To apply for a credit, the appropriate export evidence must be sent to Spink accounts department clearly marked ’VAT 
Refund’. No payment will be made where the total amount of VAT refundable is less than £50.

(ix) VAT Refunds - Buyers from within the EU 
Refunds are available only on the hammer price of daggered lots invoiced on the VAT on taxable lots’ page. The buyer must 
certify that he is registered for VAT in another EU country and that the lot is to be removed from the United Kingdom.

Where an EU buyer purchases a lot on which import VAT has been charged, no refund of VAT is available from Spink.

(x) VAT Refunds – Buyers from outside the EU 
Auctioneers’ Margin Scheme

Where evidence of export from the EU is produced, the VAT element included within the premium may be refunded.

Daggered (†) lots

The VAT charged on the hammer price may be refunded where evidence of export from the EU is produced. No refund of VAT 
charged on the premium may be made.

Omega (O) and lots marked (x)

Where evidence of export from the EU is produced, the VAT charged on both the hammer price and premium may be 
refunded. Please ask Spink for advice on how to export such lots since a specific form of export evidence is required.

III. Guidance to Purchasers regarding Payment and Shipment Overseas 
(a) Payment for purchases is due within 7 working days and should be made in US$ by one of the following methods: 
Direct Bank Transfer:  Citibank, 399 Park Avenue Branch, New York NY 10043, USA,
Account Number: 26372566, ABA Number: 021000089.   Or by US$ cheque payable to Spink and Son Ltd, and sent to Spink at 69 Southampton Row, Bloomsbury, London WC1B 4ET, United Kingdom.  Please attach the remittance slip printed at the bottom of the invoice. Purchases can only be released when payments have cleared 
(b) Despatch of purchases will follow receipt of your despatch instructions, full payment and receipt of any Export Licence that may be required. 
(c) Shipping can be arranged by Spink contracted shippers to your instructions. 
(d) Insurance. Spink’s own insurance cover on all purchased Lots ceases at the time of collection from our premises or seven days after the sale, whichever is the earlier. 
(e) Works of art being handcarried outside the EC must be correctly declared to Customs at the port/airport of departure 
from the EC. If evidence of removal from the United Kingdom is required for refund of VAT the Carrier should approach H.M. 
Customs and Excise prior to departure. Spink can give advice and assistance in arranging for the correct paperwork to be 
completed on your behalf. 
IV. Sellers resident Outside the EC 
Importing works of art for sale. It is essential that all items imported for sale must be declared as such to Customs at the point of entry into the EC, and appropriate documents be obtained for presentation to Spink. Particular attention should be paid to items containing ivory or other material from endangered species.

V. Export licensing regulations for works of art, antiques and collectors’ items 
Spink can advise buyers on the detailed provisions of the export licensing regulations. If hand carried by the Buyer, the 
Buyer will be required to produce a valid export licence to Spink or sign a waiver document stating that a licence will be 
applied for.

Buyers should always check whether an export licence is required before exporting. Export licences are usually obtained 
within two or three weeks but delays can occur.

No bids, reserves or sale instructions are accepted via e-mail

Telephone Bidding in the saleroom may be arranged with two clear days' notice (to allow checking of references), and 
where at least one lot is expected to realise at least US$2,000 (Spink reserve the right to vary this amount at its sole 
discretion). For further information, please telephone the bids office on (020) 7563 4005/4031.

Bidding Increments

Bidding generally opens below the low estimate and advances in the following order although the auctioneer may vary the 
bidding increments during the course of the auction. The normal bidding increments for this sale are:

Up to $500 by $20
$500 - $1000 by $50
$1000 - $3000 by $100
$3000 - $10000 by $200
$10000 +  by $500

Collection of Lots  in London

If you are collecting lots after the sale please telephone and make an appointment on (020) 7563 4005/4034.

Shipping outside the UK

Spink can arrange the delivery and shipment of your purchases anywhere in the world through our contracted shippers. 
Estimates for the shipping of any property and advice on the most secure and economic means of despatch can be obtained 
on (020) 7563 4101.

Packing and handling

We shall use all reasonable efforts to take care when handling and packing a purchased Lot but remind the Buyer that after 
seven days or from the time of collection the Lot is entirely at the buyer’s risk.

CONDITIONS OF BUSINESS

The conditions set out below are the terms on which we contract, as auctioneers, with sellers and, as agent acting on behalf of sellers, with buyers. Buyers should read the conditions carefully. Buyers’ attention is drawn in particular to clause 5 which limits our liability.

Background to Terms used in these Conditions:

In the conditions set out below, some terms are used regularly that need explanation. 
They are as follows:

– “the Buyer” means the person with the highest bid accepted by the auctioneer; 
– “the Lot” means any item deposited with us for sale at auction and, in particular, the item or items described against any lot number in any catalogue; 
– “the Hammer Price” means the amount of the highest bid accepted by the auctioneer in relation to a Lot; 
– ”the Buyer’s premium” means the charge payable by the Buyer as a percentage of the Hammer Price, currently at 22.5% on the first US$4,000 of the final hammer price of each lot  up to and including US$4,000 and 20% of the excess of the hammer price above US$4,000
– ”the Reserve” means the amount below which we agree with the Seller that the Lot cannot be sold; 
– “Forgery” means a Lot constituting an imitation originally conceived and executed as a whole with a fraudulent intention to deceive as to authorship, origin, age, period, culture or source where the correct description as to such matters is not reflected by the description in the catalogue and which at the date of the auction had a value materially less than it would have had if it had been in accordance with the description in the catalogue. Accordingly, no Lot shall be capable of 
being a Forgery by reason of any damage and/or restoration work of any kind (including re-enamelling). 
– ”The Insured Value” means the amount that Spink in its absolute discretion from time to time shall consider to be the value for which a Lot should be covered by insurance (whether or not insurance is arranged by us).

Buyers:
1. Spink as agent 
As auctioneers, we act as agent for the Seller. Unless otherwise agreed sales of goods at our auctions result in contracts made between the Seller, through our agency, with the Buyer.

2. Before the Sale 
(a) Examination of goods 
Prospective buyers are strongly advised to examine personally any goods in which they are interested, before the auction takes place. Condition reports are usually available on request. We provide no guarantee to the Buyer other than in relation to Forgeries.

(b) Catalogue descriptions 
Statements by us in the catalogue or condition report, or made orally or in writing elsewhere, regarding the authorship, origin, date, age, size, medium, attribution, genuineness, provenance, condition or estimated selling price of any Lot are merely statements of opinion, and are not to be relied on as statements of definitive fact. Catalogue illustrations are 
for guidance only, and should not be relied on either to determine the tone or colour of any item or to reveal imperfections. Estimates of the selling price should not be relied on as a statement that this price is either the price at which the Lot will sell or its value for any other purpose. Many items are of an age or nature which precludes their being in perfect condition and some descriptions in the catalogue or given by way of condition report make reference to damage and/or restoration. We provide this information for guidance only and the absence of such a reference does not imply that an item is free from defects or restoration nor does a reference to particular defects imply the absence of any others.

(c) Buyers Responsibility 
Buyers are responsible for satisfying themselves concerning the condition of the goods and the matters referred to in the catalogue description. 
(d) Extensions – Stamps 
Prospective buyers who wish to obtain an expert opinion on any lot (other than a mixed lot or lot containing undescribed stamps) are requested to notify Spink in writing not less than forty-eight hours before the time fixed for the commencement of the first session of the sale. If accepted by Spink, such request shall have the same effect as notice of an intention to question the genuineness or description of the lot for the purposes of Condition 16 of the Conditions of Business; Condition 17 shall thereafter apply accordingly. Notice of a request for an expert opinion must give the reason why such is required and specify the identity of the expert which will be subject to the agreement of Spink. All lots for which Certificates of Authenticity are desired must be submitted by Spink to the Expert Committee for choice.

Extensions requested on account of condition will not normally be accepted for expert opinions. Any Lot described as having faults or defects may not be returned should a certificate cite other faults or defects not included in the catalogue description.

Should Spink accept a request for an extension under the foregoing provisions of this paragraph, the fact may be stated by the Auctioneer from the rostrum prior to the sale of the lot.

It should be noted that any stamp accompanied by a Certificate of Authenticity is sold on the basis of that Certificate only and not on the basis of any other. No request for an extension will be accepted on such a stamp and the return of such a stamp will not be accepted.

3. At the Sale 
(a) Refusal of admission 
Our sales take place on our own premises or premises over which we have control for the sale, and we have the right, exercisable at our complete discretion, to refuse admission to the premises or attendance at an auction. 
(b) Registration before bidding 
Every prospective buyer must complete and sign a registration form and provide identification before making a bid at auction. Prospective buyers should be aware that we usually require buyers to undergo a credit check. 
(c) Bidding as Principal 
When making a bid, prospective buyers will be accepting personal liability, unless it has been agreed in writing, at the time of registration, that a bidder is acting as agent on behalf of a third party acceptable to us. 
(d) Commission Bids 
If a prospective buyer gives us instructions to bid on his behalf, by using the form provided, we shall use reasonable efforts to do so, provided these instructions are received not later than 24 hours before the sale. If we receive commission bids on a particular Lot for identical amounts, and at auction these bids are the highest bids for the Lot, it will be sold to the person whose bid was received first. Commission bids are undertaken subject to other commitments at the time of the sale, and the conduct of the sale may be such that we are unable to bid as requested. Since this is undertaken as a free service to prospective buyers on the terms stated, we cannot accept liability for failure to 
make a commission bid. Prospective buyers should therefore always attend personally if they wish to be certain of bidding. 
(e) Telephone Bids 
If prospective buyers make arrangements with us not less than 24 hours before the sale, we shall use reasonable efforts to contact the bidders to enable them to participate in bidding by telephone, but in no circumstances will we be liable to either the Seller or any prospective buyer as a result of failure to do so. 
(f) Currency Converter 
At some auctions, a currency converter will be operated, based on the one month forward rates of exchange quoted to us by Royal Bank of Scotland at opening on the date of the auction. Bidding will however take place in sterling. The currency converter is not always reliable, and errors may occur beyond our control either in the accuracy of the Lot number displayed on the converter, or the foreign currency equivalent of sterling bids. We shall not be liable to the Buyer for any loss suffered as a result of the Buyer following the currency converter rather than the sterling bidding. 
(g) Video images 
At some auctions there will be a video screen. Mistakes may occur in its operation, and we cannot be liable to the Buyer regarding either the correspondence of the image to the Lot being sold or the quality of the image as a reproduction of the original.

(h) The auctioneer’s discretion 
The auctioneer has the right at his absolute discretion to refuse any bid to advance the bidding in such manner as he may decide to withdraw or divide any Lot, to combine any two or more Lots and, in the case of error or dispute, to put an item up for bidding again.

(i) Successful bid 
Subject to the auctioneer’s discretion, the striking of his hammer marks the acceptance of the highest bid and the conclusion of a contract for sale between the Seller and the Buyer.

4. After the Sale 
(a) Buyer’s Premium 
In addition to the Hammer Price, the Buyer must pay us the Buyer’s premium at a rate of 22.5% on the first US$4,000 of the final hammer price of each lot  up to and including US$4,000 and 20% of the excess of the hammer price above US$4,000. 
(b) Value Added Tax 
Value Added Tax is always payable on the premium. It may also be payable on the Hammer Price, if the Lot has been marked with a sign to that effect in the catalogue. It may be refunded on proof of export from the European Union. 
(c) Payment 
The Buyer must provide us with his or her name and permanent address and, if so requested, details of the bank from which payment will be made and then pay the full amount due (comprising the Hammer Price, the Buyer’s premium and any applicable value added tax) within seven days after the date of the sale. This applies even if the Buyer wishes to export the lot and an export licence is (or may be) required.

The Buyer will not acquire title to the Lot until all amounts due to us have been paid to us, even in circumstances where we have released the Lot to the Buyer.

Payment may be made by Visa or Access A charge of 2% will be applied.

Payments exceeding £5,000 can normally only be made by the card holder in person whilst on our premises.

Spink & Son is not able to notify successful bidders by telephone. While Invoices are sent out by mail after the auction we do not accept responsibility for notifying you of the result of your bid. Buyers are requested to contact us by telephone or in person as soon as possible after the sale to obtain details of the outcome of their bids to avoid incurring unnecessary charges. Successful bidders will pay the price of the final bid plus premium plus any applicable VAT.

(d) Collection of Purchases 
Unless we specifically agree to the contrary, we shall retain items sold until all amounts due to us, or to any other associated company of Spink, have been paid in full. Items retained will be covered by our insurance from the date of sale for a period of seven days or, if by then the goods have been collected, to the time of collection. After seven days or from the time of collection, whichever is the earlier, the Lot will be entirely at the Buyer’s risk.

(e) Notification 
Invoices are sent out by mail after the sale day, but we do not accept responsibility for notifying you of your bid. Bidders are requested to contact us as soon as possible after the sale to check if they were successful, and to avoid incurring charges for late payment.

(f) Packing and handling 
We shall use all reasonable efforts to take care when handling and packing a purchased Lot but remind the Buyer that after seven days or from the time of collection the Lot is entirely at the Buyer’s risk.

(g) Recommended packers and shippers 
Our shipping department may arrange shipment as the Buyer’s agent. Although we shall suggest carriers if specifically requested, we cannot accept liability in this respect.

(h) Remedies for non-payment or failure to collect purchases 
If the Buyer fails to make payment within seven days, we shall be entitled to exercise one or more of the following rights or remedies:

– to charge interest at a rate not exceeding 4% above Royal Bank of Scotland base rate per month on the full amount due to the extent it remains unpaid for more than seven days after the date of the auction; 
– to set off against any amounts which we or any other associated company of Spink may owe the Buyer in any other transaction the outstanding amount remaining unpaid by the Buyer; 
– to exercise a lien on any of the Buyer’s property which may be in our possession for any purpose and, following 14 days’ notice to the Buyer of the amount outstanding and remaining unpaid, arrange the sale of such property and apply the proceeds in discharge of the amount outstanding to us; 
– where several amounts are owed by the Buyer to us or any other associated company of Spink in respect of different transactions, to apply any amount paid to discharge any amount owed in respect of any particular transaction, whether or not the Buyer so directs; 
– to reject at any future auction any bids made by the Buyer or on his behalf or obtain a deposit from the Buyer before accepting any bids. If the Buyer fails to make payment within thirty-five days, we shall in addition be entitled: 
– to issue proceedings on behalf of the Seller against the Buyer to recover the full amount due, together with the costs of such proceedings on a full indemnity basis and with interest, charged at 4% per annum above Royal Bank of Scotland Base Rate; 
– to cancel the sale of the Lot or any other item sold to the Buyer at the same or any other auction; 
– to arrange a resale of the Lot, publicly or privately, and, if this results in a lower price being obtained, claim the balance from the Buyer together with any costs incurred in connection with the Buyer’s failure to make payment.

(i) Failure to collect 
Where purchases are not collected within seven days after the sale, whether or not payment has been made, we shall arrange storage at the Buyer’s expense, and only release the items purchased after payment has been made in full of storage, removal, insurance and any other costs incurred, together with payment of all other amounts due to us.

(j) Export Licence 
Unless otherwise agreed by us in writing, the fact that the Buyer wishes to apply for an export licence does not affect his obligation to make payment within seven days nor our right to charge interest on late payment.

If the Buyer requests us to apply for an export licence on his behalf, we shall be entitled to recover from him our disbursements and out of pocket expenses in relation to such application, together with any relevant VAT.

We will not be obliged to refund any interest or other expenses incurred by the Buyer where payment is made by the Buyer despite the fact that an export licence is required.

5. Extent of Our Liability 
We have an obligation to refund the Buyer in the circumstances set out in clause 17. However, neither the Seller nor we, nor any of our employees or agents, are responsible for the correctness of any statement as to the authorship, origin, date, age, attribution, genuineness or provenance of any Lot nor for any other errors of description or for any faults or defects in any Lot. Neither the Seller, ourselves, our employees or agents, give any guarantee in respect of any Lot. Any warranty of any kind whatsoever is excluded by this clause.

6. Refund in the case of Forgery 
A sale will be cancelled, and the amount paid refunded to the Buyer if a Lot (other than a miscellaneous item not described in the catalogue) sold by us proves to have been a Forgery. We shall not however be obliged to refund any amounts if either (a) the catalogue description or saleroom notice at the auction date corresponded to the generally 
accepted opinion of scholars or experts at that time, or fairly indicated that there was a conflict of opinions, or (b) it can be demonstrated that the Lot is a Forgery only by means of either a scientific process not generally accepted for use until after publication of the catalogue or a process which at the date of the auction was unreasonably expensive or impracticable or likely to have caused damage to the Lot. Furthermore, the Buyer should note that this refund can be obtained only if the following conditions are met:

(i) the Buyer must notify us in writing, within seven days of the auction date, that in his view the Lot concerned is a forgery; 
(ii) the Buyer must then return the item to us within fourteen days, in the same condition as at the auction date; and 
(iii) as soon as possible following return of the Lot, the Buyer must produce evidence satisfactory to us that the Lot is a Forgery and that he is able to transfer good title to us, free from any third party claims. In no circumstances shall we be required to pay the Buyer any more than the amount paid by him for the Lot concerned and the Buyer shall have no claim for interest.

The benefit of this guarantee is not capable of being transferred, and is solely for the benefit of the person to whom the original invoice was made out by us in respect of the Lot when sold and who, since the sale, has remained the owner of the Lot without disposing of any interest in it to any third party.

We shall be entitled to rely on any scientific or other process to establish that the Lot is not a Forgery, whether or not such process was used or in use at the date of the auction.

Conditions Applicable to both Buyers and Sellers:

7. Copyright 
The copyright in all images, illustrations and written material relating to a Lot is and shall remain at all times our property and shall not be used by the Buyer nor anyone else without our prior written consent.

8. Notices 
Any notice given under these Conditions is to be in writing and, if given by post, will be taken to have been received by the addressee on the second working day after posting or, if the addressee is overseas, on the fifth working day after posting.

9. Severability 
If any part of these Conditions of Business is found by any court to be invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions shall continue to be valid and enforceable to the fullest extent permitted by law.

10. Law and Jurisdiction 
These Conditions of Business are subject to English law, which shall apply to their construction as well as to their effect. For our benefit, the Seller and the Buyer submit to the exclusive jurisdiction of the English courts.

Location of Items

London, England, UK

Auction Currency

(GBP) Learn more

Bid Increment Table

Minimum Value	Maximum Value	Expected Bid Increment
from GBP 0.00	to GBP 99.00	GBP 5.00
from GBP 100.00	to GBP 299.00	GBP 10.00
from GBP 300.00	to GBP 499.00	GBP 20.00
from GBP 500.00	to GBP 999.00	GBP 50.00
from GBP 1,000.00	to GBP 2,999.00	GBP 100.00
from GBP 3,000.00	to GBP 4,999.00	GBP 200.00
from GBP 5,000.00	and above	GBP 500.00
In live auctions, bid increments may change rapidly. The auction house may not follow the bid increment table at all times.

Buyer Premium Table

Minimum Value	Maximum Value	% Buyer's Premium
from GBP 0.00	to GBP 2,000.00	22.5%
from GBP 2,001.00	and above	20%

Expert Contact

Name:	Information at Spink
Email:	ebayreg@spink.com
Telephone Number:

Administrative Contact

Name:	Information at Spink
Email:	ebayreg@spink.com
Telephone Number:

Preview Information

Auction House Requirements

Seller Requires all bidders to contact and obtain permission to bid.

Payment Conditions

Money Order/Cashiers Checks,Other,See Catalog description for payment methods accepted

Shipping Options

Still have a question? Ask our Live Auctions support staff at lasupport@ebay.com .

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