Fees & costs
We charge a £1.50 lotting fee for each lot you enter into the auction and thereafter a Seller’s Commission of 20% on the sale price (subject to a minimum of £2) on each lot. Please note, VAT is only charged on the commission value not the sale price.
Electrical items may be PAT tested for which a charge of £2.50 plus VAT per item will apply, alternatively plugs and sometimes cables will be removed and the items offered as Works of Art/Antiques or for Display/Historical Purposes only.
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 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 20% plus VAT which is based on the final sale price (or industry term, ‘Hammer’ price), this is subject to a minimum Buyers Commission fee of £2.00 plus VAT. 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