Sellers Fees & Costs

Castle Auctions offer unrivalled coverage in advertising and selling your items in Cyprus, there is no charge to enter your items into the auction and we charge 20% + vat commission of the eventual sale price (subject to a minimum of €3.50 +VAT per item).

Please note: VAT is only charged on the commission, NOT the item costs.

Where appropriate, you can set a ‘reserve price’, the minimum amount you are prepared to sell your item for – naturally during the auction process it is expected and hoped the sale price will be higher.

Please click here to learn more in our Seller Terms and Conditions.

Buyers Fees & Costs

If you buy something from Castle Auctions you will be charged a ‘Buyers Premium’, which is the industry normal and based on a percentage of the final sale price (or industry term, ‘Hammer’ price).

You must pay for the item and collect on the day of the auction, or by arrangement pay a deposit and the balance within 2 working days. Items can only be removed from the sale room upon full payment being made.

The Auction Premium of 14% +VAT (Total 16.66%) is payable when bidding in the room or placing ‘Absentee / Book Bids’.

An additional 3% is applied for customer using our ‘Auto-Bids’ facility or bidding Live online, 17% +VAT (Total 20.23%).

Trade Sales

Where we are selling items for a company or brand new stock, they are classed as ‘Trade Sales’, in this cases VAT is applied on the full hammer / sale price. Explained in the example below;

Example Sale Price = €100.00
Auction Premium @ 14% + VAT = €16.66
VAT on the full amount = €19.00

TOTAL PAYABLE €114.00 + €21.66 VAT = €135.66.

(Cyprus VAT registered customers may be able to re-claim the VAT).

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