Next Auction starts Friday 4th September 2020. Deadline for entries is Monday 31st Click here for COVID-19 Info Page.

WHAT FEES ARE INVOLVED FOR BUYING OR SELLING RUM?

SELLERS FEES

Selling Commission - 5% of the final hammer price 

Listing Fee - £3 per Bottle 

(Optional) Reserve Fees* - £4 per Lot 

20% Value Added Tax (VAT) is applicable and charged to the commission, delivery and surcharges. VAT is not applicable to the hammer price of the rum. 

 

*Minimum Reserve Price is £150. 

**Maximum Reserve Price within the first six months for new releases is equal to the recommended retail price (RRP) + 10% 

 

BUYERS FEES

Buying Commission  - 10% of the final hammer price 

Please note that if you are within the E.U., 20% Value Added Tax (VAT) is applicable and charged to the commission, delivery and surcharges. VAT is not applicable to the hammer price of the rum. 

 

For more information on additional fees and payment terms please visit our Buyers Fees and Payment Terms or Sellers Fees and Payment Terms

FAQs

What happens if my item does not meet the reserve price I set?

If your item fails to meet a reserve price, we still require the listing fee and reserve fee be paid. 

We will then offer you a chance to re-list the item (subject to fees) or discuss returning the bottle to you (subject to delivery charge).

When and how do I get paid for my sold lot(s)?

Sellers are paid within 21 business days from the end of an auction, however, payment is only completed if the buyer has paid us.

Payment is made by direct bank transfer and can take a few days to show in your account. 

Any banking charges or exchange rates are paid for by the seller.

Do I have to pay VAT?

If you are within the E.U, 20% Value Added Tax (VAT) is applicable to all fees and surcharges.

Delivery charges are subject to VAT.

Please note that VAT is not applicable to the hammer price of the rum.

Why do bids start at £15 and not £0?

Due to the governing laws for licensing in Scotland, there is a minimum price for alcohol units. As a result we have introduced a minimum bid price for each item, £15 will be the starting bid for most bottles of rum, but this will be calculated on a lot by lot basis.  

How long does it take to receive my winning lot(s)?

NOTICE REGARDING CORONAVIRUS - COVID-19Please see our information page regarding up-to-date information on our ways of working to ensure the safety of our staff and customers. 

 

If you are successful at auction, once payment is received by Rum Auctioneer then your rum will be dispatched within 7 working days.

UK orders normally arrive within two days of dispatch. 

European orders normally arrive within five days of dispatch.

The rest of the world can vary dependent on location. 

If you need an item faster, please let us know and we will try our hardest to meet your expectations!

Contact Us

Rum Auctioneer,
West Building
Ruthvenfield Grove
Inveralmond Industrial Estate
Perth
United Kingdom
PH1 3FN

Tel: 01738 245576
Email: info@rumauctioneer.com