3. Sellers contract
The seller’s contract provides details of your reserve price and seller’s commission.
Reserve Price
The reserve is the confidential minimum selling price to which you and the valuers agree before the auction - your item’s minimum price below which no bid will be accepted. If bidding on your item fails to reach the reserve, we will not sell the piece and will advise you of your options after the auction.
Seller’s commission
Our seller's commission charge is 15% (plus VAT). A marketing fee is charged at £10 (plus VAT) per lot. There is also a loss/liability charge of 1.5% (plus VAT) per lot.