Selling Guide:
Selling at Auction
Selling at auction is an effective way to achieve competitive market prices for works of art, antiques, and collectibles.
At Alik Alexander Auctions we work closely with vendors to ensure items are professionally presented, widely marketed, and offered to an international audience of collectors.
The guide below explains how the selling process works and outlines the charges that may apply when consigning property for sale.
Requesting a Valuation
The first step in selling an item at auction is obtaining a valuation.
We offer complimentary auction estimates for items that may be suitable for sale.
Valuations can be arranged:
- by submitting photographs and information online
- by email
- by appointment at our offices
- through a home visit for larger collections
Our specialists will assess the item and provide an auction estimate, which represents the expected price range the lot may achieve at auction.
Consigning Property for Auction
If you decide to proceed with the sale, the item will be formally consigned to the auction.
At this stage we will agree:
- the auction estimate
- the reserve price (if applicable)
- the sale in which the lot will be offered
You will be asked to sign a consignment agreement confirming the terms of sale.
Reserve Prices
A reserve price is the confidential minimum price below which the lot will not be sold.
Reserves must be agreed in advance and may not exceed the lower end of the auction estimate.
If bidding does not reach the reserve during the auction, the lot will remain unsold.
Marketing and Catalogue Presentation
Once consigned, each lot is prepared for sale.
This may include:
- professional photography
- catalogue descriptions prepared by specialists
- online catalogue publication
- marketing to collectors and trade buyers
- promotion through online bidding platforms
Our auctions are marketed internationally to maximise exposure and attract competitive bidding.
Understanding the Charges When Selling
When a lot is successfully sold at auction, certain charges may apply.
The following explains the typical costs associated with selling property at auction.
Seller’s Commission
A seller’s commission of 10.5% of the hammer price (exclusive of VAT) is charged on all lots sold.
The total seller’s commission, inclusive of VAT, amounts to 12% of the hammer price.
This commission is deducted from the final hammer price when settlement is made to the seller.
Artist’s Resale Right (ARR)
Works by qualifying artists may be subject to Artist’s Resale Right, a royalty payable to the artist or their estate.
Where applicable, this charge is required by law and will be deducted from the proceeds of sale.
After the Auction
Following the auction, successful sales are invoiced to the buyer.
Once the buyer has paid in full and the transaction is completed, settlement will be prepared for the seller.
A statement will be issued showing:
- the hammer price achieved
- commission and any applicable charges
- the net proceeds payable to the seller
Payment is typically made by bank transfer.
Unsold Property
If a lot does not sell during the auction, we may discuss the following options with the seller:
- reoffering the lot in a future sale
- revising the reserve price
- returning the item to the owner
Unsold items should be collected within the timeframe stated after the sale.
Storage charges may apply to items left beyond this period.
Consigning Collections
We welcome enquiries regarding single items, private collections, estates, and larger consignments.
Our specialists can advise on the most appropriate auction category and timing for the sale of your property.
Contact Us
If you are considering selling at auction or would like to request a valuation, our team will be pleased to assist.
Please contact us with photographs and details of your property, and we will respond as soon as possible.