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This auction commission is added on to the final hammer price, as a percentage of it. Each auction house sets its own buyer’s premium so do check their terms and conditions to see how much the charge will be. For example, if there is a 20% buyer’s premium then on a hammer price of £100 a further £20+VAT will be added (20% of £100).
This is usually charged only on the buyer's premium rather than the whole hammer price. Check how the auctioneer is applying VAT by looking in 'Important info' section on thesaleroom.com. VAT is payable on the hammer price only if goods are being sold on behalf of someone registered for VAT in their role as a vendor. Lots that came from outside the...
Online commission – for lots sold online, thesaleroom.com charges 4.95% on the hammer price although this fee varies depending on the auction house and type of auction. VAT also applies to this charge.
If that all appears a bit bewildering, don’t worry, it’s much simpler than it sounds. You can see the total auction charge on the lot description page. Add that percentage onto the hammer price and that’s what your item will cost you. Simple. If you are the highest bidder on a lot at the end of the auction, the auction house's invoice to you will i...
Occasionally, there are additional auction fees relating to specific lots in a sale. The lot description and the auction house’s catalogue will display these. The other main charge to know about is packing and delivery. You can avoid this charge if you pick up your item in person. Alternatively, for a small fee, some auction houses will pack and se...
Now you know that the total amount you pay for an item at auction is the hammer price plus the fees and you know where to find out what those fees will be, you can bid with confidence and get those unique items at a great price. Good luck!
The-saleroom charges 4.95% on the hammer price. Our auctions are always held on a Tuesday, our catalogue can be viewed up to four days before the sale date. Everything in our auction is sold as seen. We only give a brief description; however, more details and pictures can be sent on request.
The Saleroom Rewards is a loyalty program offering tiered benefits based on spend within 6-month qualifying periods that start on the 1st January and the 1st July of each year. The marginal rebate percentage applies to the total hammer value in excess of £30,000 for lots purchased on thesaleroom.com per qualifying period.
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Finding an auction house. If you decide to sell at auction the first thing to do is to find an auction house that suits your needs. First, browse our directory of auctioneers that use thesaleroom.com. You might want to use a firm local to you or you might want to choose one that holds specialist sales relevant to the items you wish to sell.
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