Seller Premiums & Payment
Upon successful sale, Tarisio charges a sellers premium and an insurance charge as specified in your consignment agreement.
VAT Guidelines for London sales – Auctioneers’ Scheme
An amount equivalent to Value Added Tax (VAT) of 20% will be added to the amount of the seller’s premium on all Auctioneers’ Scheme items except for those which are exported from the EU after the sale.
Payment of Sale Proceeds
Within 7 days of the sale‘s completion, we will send you a sales report detailing the final hammer price of your consignment and ask you to select your preferred payment method: wire transfer or check (checks are issued in US dollars for New York sales and pounds sterling for London sales).
Sale proceeds are paid 30 days after the close of the auction, or 10 days after we receive payment from the buyer, whichever is the later. You will also receive a full statement showing commission, insurance and expenses where applicable