Selling At Auction
The Spink Experience
When you ask Spink to sell your
property, you are taking advantage of the global reach and
international reputation of the company, which was established in
1666. There are many different tools Spink can put to work for you,
to ensure peak returns for your property, including our extensive
contacts with potential specialist buyers around the world, our
attractive catalogues that are created for every sale and mailed to
thousands of clients and the promotion of sales on our web site and
as iPad and iPod applications. Over the years we have regularly
achieved significant auction results including a number of world
The procedures for selling at Spink
are simple. Firstly, contact the Spink specialist in the appropriate field,
such as the person who valued your item. For further details on how
to arrange a valuation, click here.
You can either bring your property
to Spink yourself, arrange with your own shipper to deliver it, or
ask for Spink to organise the shipping. We ask for property to
arrive at least three months before the sale. You will be given a
contract to sign, setting forth terms and fees for services we can
Every item consigned to Spink is
closely examined, researched, described and assigned an estimate in
the catalogue and suggested reserve price - at no further cost to
you other than pre-agreed commission rate and handling fee.
The reserve price is the minimum
price for your item. Your item will not be sold below this price.
It is confidential and is determined by you in consultation with
Approximately three weeks prior to
the sale a copy of the catalogue will be sent to you together with
a payment instructions form and a pre-sale advice listing,
notifying you of the lot numbers given to your items in the
catalogue. The payment instructions and the signed pre-sale advice
should be received by us before the sale.
After the auction, you will receive
the results of the sale, listing the prices at which your items
Ordinarily, the payment for all sold lots is made 35 days after
the sale date, provided that all lots have been paid for by the
buyer and extensions on philatelic items have cleared. With the
payment you will also be sent a settlement statement showing the
amount due to you after the charges. Auction fees include a
vendor's commission on the final selling price plus VAT where
applicable, as well as any expenses for shipping property to our
sale rooms and a handling fee. You may also incur charges for
customs clearance, and testing and authentication by outside
experts, if required.
Prior to sale dates prospective
buyers in stamp auctions may request extensions on individual lots.
These lots will be identified to you on the results of sale advice.
The length of time involved in obtaining these certificates is
beyond our control; however we will endeavour to ensure that this
is kept to the minimum. Payment to you will be held until
certificate of authenticity has been obtained.
Spink is able to arrange long-term
storage at competitive prices, should you require it.