How to sell at auction?
Selling at auction is a simple step-by-step procedure. Our team of specialists are on hand to guide you through the process with professionalism and transparency offering free valuations by email or by appointment at one of our offices. If you are looking to have house contents valued or your items are too large to bring for valuation please contact us to arrange one of our specialists to visit you at your home. Dreweatts also offer free auction valuations days which can be viewed on our calendar.
The first stage is to contact a specialist who can provide you with a free valuation and advise you on the next appropriate auction. Our specialists are fully trained and can provide well research and comprehensive auction estimates in line with current market prices and trends.
The easiest way to attain a valuation is by using our online valuation form where you can upload images and provide additional information.
The Selling Process
Once you have received your valuation and have decided to proceed we ask that you sign and return your receipt which will form your contract that outlines the agreed fees. Your item will be held at Donnington Priory saleroom to be catalogued, photographed and researched where necessary in preparation for the allocated sale.
One month before the auction is due to take place you will receive a pre-sales advice notice which will inform you of the auction title, date and time in which your item(s) will appear. In addition, the pre-sale notice will show the full cataloguing for the item(s). If you have any questions or issues during this process, please do not hesitate to contact us.
Dreweatts 1759 have a far reaching international audience with a strong online presence streaming our auctions live on our own and other third party online bidding platforms.
We provide high resolution images for all the items in our sale which are published both in our printed catalogue and online. Prospective buyers are able to request condition reports for any item over the value of £500.
Our services are comprehensive and geared to achieving the best possible hammer price for all consigned items.
Our general fee structure is straightforward and easy to understand with no additional or hidden charges. Here is a breakdown below:
- Vendor commission, for traditional and online auctions: 15% of the hammer price up to £1,500 and 10% from £1,501 upwards
- Loss & Damage Warranty – 1.5% of the hammer price
- Illustration Charges – Range from £10-100 per lot depending on the agreed estimates
- Minimum charges: £10/lot for traditional auctions and £5/lot for online auctions
- Unsold Charges: we do not charge fees for unsold lots
- All charges are subject to VAT
Vendor Commission Calculator for a traditional auction:
- Hammer Price: £1,500
- 15% Vendor Commission – £225
- 1.5% Loss & Damage Warranty – £22.50
- Illustration Charge – £40
- Min. fee – £10
- Total fees charged – £297.50 exc. VAT
- Total fees charged – £357 inc. VAT
- Vendor receives – £1,143.00
Vendors will receive their payment 28 days after the sale by cheque. If you wish to receive the payment by bank transfer please provide us with your bank details.
For more details please see our Terms of Consignment for Sellers