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Largest Auction House in Cyprus | Ο μεγαλύτερος οίκος Δημοπρασιών στην Κύπρο

Tel: +357 7000 78 89    Email: enquiries@castle-auctions.com

Come and bid yourself a bargain!

Selling with Castle Auctions

Castle Auctions hold regular auctions which are well attended and heavily advertised, allowing your item a good opportunity to reach thousands of potential buyers and sell for the best price through public bidding.

Sellers Terms:
Castle Auctions charge 18% + VAT commission of the sale price (subject to a minimum fee of €3.50 + VAT) of each item.
Please note, VAT is only charged on the commission.
A reserve price may be agreed at the discretion of Castle Auctions (normally only applicable to items with an estimate of over €20), which applies to the first auction.
Items remaining unsold after their 1st (first) auction may be sold by private treaty at the discretion of Castle Auctions subject to a minimum value of their current reserve, if any.
Should any item remain un-sold, any reserve price will be reduced by 25% for the 2nd (second) auction and further private treaty sale period.
From the 3rd (third) auction of any item, NO reserve price will apply and the item can be sold for a price of the auctioneers discretion.
If an item is placed in a 4th (fourth) auction it will then be sold at any price the auctioneer can achieve without reserve or minimum value.

Due to the high volume of items being sold Castle Auctions do not take responsibility for contacting sellers to discuss price reductions. If the seller wishes to withdraw an item they may do so at any time however a €5 fee will apply for each item withdrawn prior to an auction which has been processed and entered into the auction catalogue. For general sales the Catalogues are normally created on the Wednesday before the sale.

Electrical and mechanical equipment that is found not working when tested, or to be faulty or incomplete on sale, will be held for collection by the seller for one week, after which it will be sold ‘as is’ with no reserve or disposed of accordingly.
Sale proceeds will be paid out on the Friday after each auction. Amounts over €50 may be paid by cheque or bank transfer.
Monies that remain uncollected for 6 (six) months from the date of sale, will be donated to local Charities.
Identification and Address Verification must be completed before sale proceeds can be released to the seller.