3. Sellers contract

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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
Sellers will pay a commission charge of 12.5% (plus VAT) on items which have a hammer price over £3,001. Items sold for £3,000 or under will have a commission rate of 15% (plus VAT).