Coram James Ltd

COMPANY INFORMATION

Coram James Ltd is a company registered in England & Wales, registration number 07558543.

Registered Address: 9 Wimpole Street, London W1G 9SR.

VAT Registration No. 111 9370 40.


TERMS & CONDITIONS

The following terms and conditions should be read before viewing www.coramjames.com.

The use of the website www.coramjames.com is subject to the following terms and conditions. Coram James Ltd may revise the Terms and Conditions at any time without notice.

All content on this site is the property of Coram James Ltd. The software, text and images used on this site belong to Coram James Ltd. Except for personal use, no material from this site may be copied, reproduced, republished, uploaded, transmitted, posted or distributed in any form without prior written permission from Coram James Ltd. All rights are reserved.

In no event will Coram James Ltd be liable for damages of any kind, including without limitation, direct, incidental or consequential damages arising out of the use of or inability to use Coram James Ltd’s website, or any information provided on the website, or in the services any claim attributable to errors, omissions or other inaccuracies.

Coram James Ltd is not responsible for third party content or advice accessible through other links which may be available.

Coram James Ltd shall have no responsibility for any damage to user’s computer system or loss of data that result from the download of any content, materials and information from the Site.

The User’s right to privacy is of paramount importance to Coram James Ltd. Any information provided by the User will not be shared with any third party. Please read our full privacy policy.


TERMS AND CONDITIONS FOR VALUATION REPORTS

The Terms and Conditions of Engagement shall constitute an agreement for a supply of valuation services (the "Agreement") by CORAM JAMES LIMITED (the "Company") to you (the "Client"). By contracting a valuation the Client accepts of the Terms and Conditions as set out below.

1. THE AGREEMENT

1.1 The Agreement shall consist of the Terms and Conditions for a valuation report.

1.2 The Agreement shall only be entered into and come into effect once the Company has accepted to make a valuation of the item(s) and the Client has paid the Price subject to the Company's right to withdraw its services in accordance with the terms hereof.

2. VALUATION SERVICES

Under the Agreement, the Company shall provide a valuation report in response to a specific purpose to cover the item(s) submitted by the Client.

2.1 The Valuation Report serves exclusively a specific purpose as listed below:

a) For Insurance purposes, the Company will take the replacement value of the item(s) as 'like for like', i.e. the cost of replacing with a similar item(s) from the retail market, unless it is specifically agreed with the client to choose:

  • A New Retail Replacement Value, which 'reflects the current new replacement cost of a similar item of equivalent quality and is valid when the item is still available, new, from appropriate retailers',
  • A Second-hand Retail Replacement Value, 'reflecting the current second hand replacement cost of a similar article of equivalent quality and in like condition from a retailer dealing in second hand goods',
  • An Open-Market Value, 'the likely cost of replacing the item(s) with a similar item(s) on the UK auction market',
  • Cost Price, 'the price at which the items were bought',
  • A Facsimile/Reinstatement Value, 'the likely current replacement cost of creating a facsimile of the original, utilising the same quality materials'

b) For Probate purposes, the Company will take a 'Mid Auction Estimate Value on the Open Market', at the date of the death

c) For Divorce purposes, the Company will take 'Open Market Value'

d) For Capital gain purposes, the Company will take the open market value 'As of 31.03.1981'

e) For Audit purposes, the Company will take 'Open Market Value'

f) For willing buyer/willing seller purposes, the Company will take 'median sum between open market and retail replacement Value'

2.2 Unless otherwise stated in writing, the valuation report is based on the English Market using Sterling currency.

2.3 Unless otherwise stated in writing, the valuation report is based upon a preliminary brief physical inspection of the item(s) without cleaning, restoration, detailed inspection or disassembly and without research into an item's background or further scientific or forms of testing and analysis designed to detect latent defects, enhancements or treatments.

2.4 The Company will firstly provided a Draft Valuation Report. The Client will approve or raise any concerns on values or omissions at this stage.

2.5 When parties have agreed on the Draft Valuation Report, The Company will issue a Final Engrossed Valuation Report.

3. THE VALUATION

The valuation report is principally based upon the Company's opinion, having regard to the degree and conditions of examination undertaken. The content within the valuation report is a statement of opinion and not fact.

3.1 The Company gives no guarantee in the Valuation in respect of an object's origin, provenance, attribution, condition, date, age or authenticity. Any statement as to authorship, attribution, origin, date, age, provenance and condition is a statement of opinion and is not to be taken as a statement or representation of fact.

Coram James Limited makes no guarantee in the Valuation that the item will realise the amount at which it is valued upon a contemporaneous or subsequent public or private sale. Where market values are requested, the auction or sale price might differ from that given in the valuation as a consequence of further research work undertaken prior to sale. Coram James Limited have not considered the attribution or authenticity of the items with any outside expert or authority, nor obtained outside laboratory or other scientific analysis. In the absence of written agreement to the contrary, no representation is made, warranty given or responsibility accepted in the valuation report.

3.2 The Company does not warrant in the Valuation that the item valued is safe, functioning or fit for the purpose for which it was intended.

3.3 The Company makes no guarantee in the Valuation that the item will realise the amount at which it is valued upon a contemporaneous or subsequent public or private sale.

3.4 The Valuation does not take into account any sale expenses, commissions and taxes (including capital taxes, duties, excises, value added or sales tax) that might apply or become due on a sale or transport of the object.

3.5 The Company gives no guarantee in the Valuation that the item's value will be accepted by HMRC or any other competent authority, court or tribunal.

3.6 The Company reserves the right to consult and rely wholly or in part upon third party specialist opinion and to incorporate such information within any valuation report.

3.7 The Valuation shall remain the copyright of the Company and shall be prepared only for the Client and is not to be used by any other person, or disclosed to any third party (other than the Client's professional advisors) or reproduced or published in any form without the Company's prior written consent.

3.8 The Valuation is provided for the purpose indicated in the valuation and should not be used for any other purpose.

4. CLIENT'S OBLIGATIONS AND ACKNOWLEDGEMENTS

4.1 The Client shall pay the Price for the Valuation to the Company.

4.2 The Client warrants to the Company that he is the owner of the object or is duly and properly authorised by the owner to have the object valued.

4.3 The Client warrants that each object submitted for valuation is free from any third party interests, restrictions or claims whatsoever.

4.4 The Client shall provide easy access to the item(s) and provide full and accurate information about the object(s), such as already known authenticity issues, provenance, condition, condition issues, previous sales history and any other related information, in the possession or knowledge of the Client, his agents, employees, servants, advisers or his family.

4.5 The Client acknowledges the following statement.
The Valuation is an estimate that is a matter of reasonable opinion and as such opinions as to value may differ. Particular circumstances affecting the value of an individual item may not be known or foreseeable at the time of the Valuation. Values can also fluctuate as a consequence of external circumstances such as (without limitation) changes in the prevailing market conditions for the object or changes in relevant scholarship. In addition, the preliminary nature of the valuation work carried out may mean that the identification, attribution and value of the object might be subject to change on further examination or research by experts at a later stage whether these are internal or external to the Company. Unless otherwise stated in writing, the Valuation only reflects an estimate, the inherent characteristics of the object being valued and does not reflect the surrounding circumstances of the object being valued (such as, without limitation, the object's provenance or place in a wider collection, or the existence of several similar items available for sale at the same time).

5. FEES

5.1 Fees will be at the standard prevailing hourly or daily rate charged by the Company, or on such other basis as may be agreed. Details of current standard rates are available on request. A daily rate is based upon a working day from 9am to 5pm.

5.2 An additional charge, based upon an hourly rate, maybe made for the time spent undertaking additional research and office administration.

5.3 Travel costs by road are charged at 45p per mile. All other travel and costs and general disbursements incurred in connection with the instruction are charged at cost.

5.4 VAT will be added to fees and disbursements where applicable.

6. COMPLAINTS

The Company operates a formal complaint handling procedure (CHP) in accordance with the Royal Institution of Chartered Surveyors Rules of Conduct and Disciplinary Procedures. A copy of the CHP is available upon request.

7. LIMITATION OF THE COMPANY LIABILITY

7.1 The Company shall not be liable for any deficiency (including but not limited to any omissions, mistakes, erroneous attributions, authenticity issues or inaccurate values) in the Valuation as a consequence of:

a) External circumstances such as (without limitation) changes in the prevailing market conditions for the object, information not publicly available or changes in relevant scholarship;

b) The surrounding circumstances of the object being valued (such as, without limitation, the object's provenance or place in a wider collection, or the existence of several similar items available for sale at the same time);

c) Failure to provided full and accurate information in the knowledge or possession of the Client, his agents, employees, servants, advisers or his family; and

d) Any other factors that cannot be identified by a brief physical inspection of the item(s) by the Company.

8. GOVERNING LAW AND JURISDICTION

8.1 The Agreement shall be construed in accordance with English law. In the event of disputes hereunder, the parties hereto submit to the exclusive jurisdiction of the English courts.

9. CONTACT THE COMPANY

9.1 The Company can be contacted by email at info@coramjames.com.

9.2 Coram James Ltd. is registered with Companies House and can be contacted at: Office 16, 21 Wren Street, London WC1X 0HF.

Carved Venetian Marble Bust
A Beijing fluted yellow glass bottle vase. Qianlong Period (1736–1795)

Contact Us

London +44 (0) 20 7837 8115