Fees & costs
There is no charge to enter your items into the auction, thereafter we charge a Seller’s Commission of 15% on the sale price for Antiques and Collectables and 20% for General Items (subject to a minimum fee of £2) on each lot. Please note, VAT is only charged on the commission value not the sale price
A reserve price may be agreed at the discretion of Wincanton Auctions. Where appropriate, you can set a ‘reserve price’, the minimum amount you are prepared to sell your item for – naturally during the auction process it is expected and hoped that the sale price will be higher. There is not normally a charge for requesting a reserve price however we will not usually agree a reserve on sofas, beds and large items of furniture and low value items. If the reserve price requested is in excess of Wincanton Auctions estimate we may agree a 5% lotting fee (minimum £5) on the reserve price requested.
Buyers Fees & Costs
If you buy something from Wincanton Auctions you will be charged a ‘Buyers Commission’ of 18% which is based on the final sale price (or industry term, ‘Hammer’ price). The Buyers Commission is payable when bidding in the room or placing ‘Absentee / Book Bids’.
Please note: any lots purchased via the easyliveauction.com auction service are subject to a choice of either an additional flat fee of £3+VAT or an additional 3% + VAT commission charge. This choice is requested on registering for each auction online.
You must pay for the item and collect on the day of the auction, or by arrangement pay a deposit and the balance within 2 working days. Items can only be removed from the sale room upon full payment being made.
Where we are selling items on behalf of a company or brand new stock as opposed to a private individual, these are classed as ‘Trade Sales’, in these cases VAT is applied on the full hammer / sale price. Explained in the example below;
Example Sale (hammer) Price = £100.00
VAT (currently 20% as at 01.07.2020) on the Sale Price = £20
Auction Premium on the Sale Price @ 20% + VAT = £24
TOTAL PAYABLE £100 + £20 + £24 = £144.00