Step-by-Step Guide to Buying Rum at Auction
Bidding on rums online at Rum Auctioneer couldn’t be simpler. We run a live auction every month for 10 days and you can place a bid at any time during this period.
Our auctions feature an unrivalled range of old, rare and collectible rums to buy online. If you are interested in buying rum visit our current auction page, but if there isn’t an auction live, don’t worry, just make sure that you are registered and ready to bid for the next auction.
1. REGISTER AN ACCOUNT
Registering an account will give you lifetime access to buy and sell in our regular monthly and exclusive auctions. Registration costs £5 (ex VAT) to authenticate users and mitigate against illegitimate bidding.
2. BID ONLINE
To bid on a lot in a live auction, you can either:
Make a single increment bid by pressing the gold button on the right of the lot listing. This button displays the increment amount. You will then be prompted to confirm your bid. (Find out more about our incremental bidding system here)
Enter the maximum bid you would be willing to pay for the item in the £ box and hit 'MAX BID' to confirm your bid. If someone bids against you, our bidding system will then increase your bid incrementally until your maximum bid amount is reached. If you are outbid, we will automatically notify you by email. If the auction has not yet ended you will be able to increase your bid should you wish.
3. HOW DOES THE AUCTION END?
Our auctions end from 7PM (UK local time) on the closing date. Once 7PM (UK local time) is reached, bids on any lot will extend the ENTIRE auction by a further two minutes. Therefore, the auction will only finish if 7PM (UK local time) has passed, and there has been a two-minute period where no bids have been placed on any bottle across the entire auction. The auction will usually continue for several hours after 7PM (UK local time).
4. PROCESS YOUR ORDER AND PAY
If you have successfully won a lot, we will notify you automatically by email. Follow the link in your email and the on-screen instructions to process your order. Important information regarding payment can be found here.
5. COLLECT, SHIP OR STORE YOUR ORDER
You can find out all information regarding shipping your order here.
Rum Auctioneer also offer a storage service which you can read about here.
Please note that to collect bottles from our offices you must have booked an appointment.
How does an online rum auction work?
Individual sellers consign to auction through our offices in Perth (UK or global based sellers) or Germany (EU based sellers). Once they have been authenticated by our highly-experienced team, photographs are taken and the bottles are listed on the website in the next available auction. Rum Auctioneer hosts rum auctions on a frequent basis, during which registered users across the globe can bid on bottles online. The highest bidder at the close of the auction is then notified by email and asked for payment within 3 days. The seller receives payment within 21 working days of the end of the auction.
What is incremental bidding?
Once your maximum bid is placed, our system automatically increases the bid level of the lot incrementally (based on the table below) until it reaches your maximum bid;
The bid increments vary based on the current bid. Please see the table below.
|£0.01 - £0.99||£0.25|
|£1.00 - £4.99||£1.00|
|£5.00 - £24.99||£2.00|
|£25.00 - £99.99||£5.00|
|£100.00 - £499.99||£10.00|
|£500.00 - £999.99||£25.00|
|£1,000.00 - £1,999.99||£50.00|
|£2,000.00 - No Limit||£100.00|
When and how does an auction end?
The end date of the current auction will always be clearly displayed on the notification bar at the top of the website.
Our auctions will end anytime from 7pm (UK Local Time). Once 7pm is reached, activity on any item will prolong the ENTIRE auction by a further 2 minutes.
This means that the entire auction will end when there has been no bidding activity placed within the last two minutes after 7pm. The auction will usually take several hours to finish after 7pm has passed.
Do I have to pay VAT?
VAT is applicable to all fees and surcharges.
Delivery charges are inclusive of VAT, where applicable.
VAT may be applicable to the hammer price of the whisky, please find more information here.
How long does it take to receive my winning lot(s)?
If you are successful at auction, once payment is received by Rum Auctioneer then your rum will be dispatched within 7 working days.
For more information please visit our International Shipping page.