Britannia AuctionsHow much does it cost to sell at auction?
We agree your charge with you in writing before anything is catalogued. It is a commission, usually a percentage of the hammer price, and it is deducted from the proceeds rather than paid up front. Separately, the buyer pays a premium on top of the hammer price, and VAT where it applies. Marketing and any costs such as specialist handling or licensed waste disposal, where those are needed, are settled in writing before the sale rather than added afterwards.
Related questions
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- How a commercial asset auction works
A stage by stage account of an online timed auction for business assets. It covers the asset schedule, cataloguing, viewing days, how bidding closes, buyer's premium and VAT, collection and how you get paid.
- Auction or private treaty: which route to choose
Auction gives you a fixed date and an open market. Private treaty gives you a negotiated price and privacy. This guide sets out when each route suits, what you give up with each, and why many sales use both.
- Preparing machinery and equipment for sale
What to do before viewing day. Keep the machines that can be run safely available to demonstrate, isolate the rest, clean but do not repaint, find the tooling and manuals, and sort out access for removal.
Other questions
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- What if a machine is on finance? Machinery auctions
- Can you sell the building or the lease? Site dispersals
- What happens to equipment that does not sell? Warehouse equipment