WHAT FEES ARE INVOLVED FOR BUYING OR SELLING RUM?

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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?

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.

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.

For more information please visit our International Shipping page.