Leonard Joel

How is a reserve or minimum price set for my items?

selling2 2Where appropriate our specialists, in consultation with you, will set a minimum price, or reserve, below which your objects will not be sold. This reserve price will be held in strictest confidence and acts as your protection against inadequate buyer interest on the day of the auction.

If bidding ceases before your reserve price has been met then the lot will be passed-in by the auctioneer. At a later date you may either have the property returned to you or you may choose to re-offer it in a future auction for a reduced price.