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Buying at Auction

Guidance for collectors and institutions approaching a timed online sale: how to read a catalogue entry, how estimates and reserves function, how bidding is conducted, and what follows a successful bid.

VALÉORINE editorial artwork: translucent ivory planes rising in an open ascending composition on charcoal
VALÉORINE editorial artwork: translucent ivory planes rising in an open ascending composition on charcoal

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How to Buy at Auction

A first purchase at auction is less daunting than it appears. This guide sets out the whole sequence in order, from reading a catalogue entry to collecting the property, and explains what is expected of a buyer at each stage.

Buying at Auction · 4 min read

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VALÉORINE editorial artwork: two interlocking ivory rectangles on charcoal

Buying at Auction · 3 min read

How to Register for an Auction

Registration is the point at which an interested reader becomes an approved bidder. This guide explains the four stages, why each exists, and how long each is likely to take.

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VALÉORINE editorial artwork: small ivory planes ascending in even increments across charcoal

Buying at Auction · 3 min read

How Auction Bidding Works

The mechanics of a timed online sale: how increments are set, how a maximum bid is executed on your behalf, what a reserve does, and why the closing time can move.

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VALÉORINE editorial artwork: precise ivory architectural geometry on charcoal, measured and exact

Buying at Auction · 3 min read

Understanding Buyer's Premium

The hammer price is not the sum you pay. This guide explains buyer's premium, how banded rates are calculated, how tax applies, and how to work out the total cost of a lot before you bid.

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Questions on Buying at Auction

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