How much is the deposit?

The deposit payable by the successful purchaser immediately after the hammer has fallen is normally 10% of the sale price. For low value lots, this is subject to a minimum deposit figure which will be stated on the Auction Information page in the catalogue – it will normally be in the region of £3,000 - £5,000. Deposits usually need to be paid from cleared funds, check the catalogue or with the auctions team for a list of accepted payment methods. Please ensure sufficient funds are available in your account before bidding.

It is important to note that the bank account being used for payment of the deposit must be in the name of the purchaser. If it is not, then the individual/company named on the bank account will need to be ID verified as part of our required Anti Money Laundering procedures.