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     Prestige Philately Vendor TermsWhat Happens Now - The Vendor Cycle

 
 

What Happens Now? - The Vendor Cycle

1. Vendor Receipt. When you consign to Prestige Philately, the first thing we do is issue you with a statement of what you have left with us. If delivery to our office is required, our receipt will specify an agreed amount for which the material is fully insured in transit, at no cost to you. (Insurance cover is also available for consignments sent to us by registered mail or courier from any country. Just ask for it.) The Vendor Receipt is signed by both parties as evidence of a contract between us.

2. Lotting. This is a complicated process, requiring the highest levels of professional skill and diligence on the part of our philatelists. It is a three-part process, covering the actual lotting, the describing, and the valuing of the material. This is not a job for amateurs, or for the lazy and indifferent.

3. Pre-Auction Vendor Advice. About a month before the sale, you will receive a copy of the auction catalogue and a detailed list of all your material that is included in the sale.

4. Auction Day. You are welcome to attend and find out first hand why so many people regard a Prestige auction as an “experience”, first class entertainment in which they participate with enthusiasm. Prices realised are made available on our website, and e-mailed to buyers and sellers alike, immediately after the auction concludes.

5. Preliminary Vendor Advice. About a week after the auction, we will mail out a detailed summary of your results.

6. Final Vendor Advice and Payment. Between 5 and 6 weeks after the auction, we will send you a further detailed advice that includes any post-auction sales, any returned items(thank fully very few from any auction), and any lots bought subject to obtaining a certificate of authenticity. Payment will also be made at this time by cheque, bank draft, or direct deposit into your bank account, as you prefer.

7. Unsold Lots. Our policy is to re-offer any unsold lots in a subsequent auction. However, you may request that they be returned to you.