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British and Irish country house contents auctions are usually held on site at the country house, and have been used to raise funds for their owners, usually before selling the house and estate. Such auctions include the sale of high quality antique paintings, furniture, objets d'art, tapestries, books, and other household items.
In 1999, Lyon & Turnbull was acquired by a group of auctioneers who had left Phillips, an auction house which was the third largest in the world during the 1990s.They were joined in the enterprise by Sir Angus Grossart, Chairman of Noble Grossart, a Scottish merchant bank, and a past chairman of the trustees of the National Galleries of Scotland.
Crown Estate Scotland (Scottish Gaelic: Oighreachd a' Chrùin Alba) is the self-financing public corporation of the Scottish Government responsible for the management of land and property in Scotland owned by the monarch 'in right of the Crown'. It was separated from the Crown Estate of the United Kingdom under the Scotland Act 2016. It is ...
Major auction houses have levied the buyer's premium for several decades, particularly in fine art auctions, with percentages in the region of 10–30%. [2] In real estate auctions in many European countries, the buyer's premium, if charged at all, is much less (2–2.5%). More recently in the UK, however, repossessed properties have been ...
If the lost property is sold by Police Scotland, such as by police auction, termed a roup in Scots law, compensation is recoverable to the owner (NB: this does not include a possessor). [98] The buyer, in good faith, obtains a right of ownership in the property which cannot be challenged by the former owner. [94]
Court auction is an auction which takes place at a public location designated by the court. If a property owner fails to pay the mortgage, the mortgage holder can foreclose on that property. If the owner is unable to make sufficient payments, the property can be sold at auction. The time and place of the auction is published in official records ...