LNP Auctions
Auction How To
Registration
Before buying or selling at LNP Auctions you are required to register with us. Forms are available at our office at Unit 15, Rothersthorpe Avenue, Northampton,
NN4 8JH.
CURRENTLY ALL REGISTRATIONS ARE FREE, FOR A LIMITED TIME ONLY. In order to register proof of ID and address (driver's licence or passport) is required
A permanent customer registration number and a bidding card will be issued to you.
How to Buy
Auctioneers will introduce lots one by one along with their description, if you want to bid on a specific lot you will have to raise your paddle number and the auctioneer will account your bid. The highest bid is the winning bid, if your bid is the winner you will have to give your registration number to the auctioneer.
From the fall of the hammer all lots are buyer’s responsibility and you will have to pay the hammer price plus the buyer premium. A BUYER'S PREMIUM OF 18% WILL BE ADDED ON TOP OF THE HAMMER PRICE FOR ANY ITEM PURCHASED.
Each lot can be subject to a reserve price (a minimum price), chosen by the seller and auctioneers have the right to bid on behalf of the vendor and if the reserve is not met the item will not be sold. Reserve prices can be checked on our Friday viewings.
If you cannot attend the auction, there is always a possibility to buy at our auction. In order to bid on a certain lot, you will have to complete a commission bid form which can be available on request. You will need to provide us with your name and Client Reference Number and also your maximum bid on the certain lot. Please be aware that the Buyer's Premium will be added on top of your bid.
After the auctioneer has declared your bid the winning bid or at the end of the auction, you will have to pay for your lot at our reception. An invoice will be generated in your name indicating all lots bought by you and showing the amount due to us. If you are VAT registered the invoice will also show your claimable amount of VAT. Invoices can be paid for with cash or a debit or credit card. Please be aware that a 3% surcharge will be added to payments made by credit card and a 30p charge will be added for debit card purchases under £5.
Items can only be collected once they have been paid for. After you have collected your invoice a member of staff will help you identify your lots. We also offer a delivery service, if you require a quote please ask reception.
All purchased lots have to be removed by Thesday the following week, buyers who fail to do so will have their lots disposed of at the auctioneer's discretion and will be charged a fine of £20.
How to Sell
Lots can be entered in the auction every Monday and Tuesday between 9am and 5pm.
We sell a variety of items, if you are unsure whether or not we would accept your lot please contact a member of staff.
All electrical need to be PAT tested before being entered into the auction. If vendors are unable to provide it, the test can be performed on site for a fee of £0.5 per item.
Items can be subject to a reserve price (minimum purchase price) established by the seller. This amount can be subject to a 10-15% margin at the auctioneer's discretion.
You can either bring the items in yourself on a Monday or Tuesday between 9am and 5pm or you can arrange a time for our collection team to come pick them up. Charges for this service may vary.
CURRENTLY THE LOT ENTRY FEE IS £1+ VAT, BUT FOR A LIMITED TIME ONLY. Each item entered into the auction is subject to this charge regarless of sale status. Also a 12% Seller Commision will be deducted from the sale price.
For vehicle auction a £50 fee is charged for each entry and seller commission of 5%. Be aware that each car will have to have an HPI check.
For more information please do not hesitate to contact us.