What You Need to Know About Antique Auction Selling Fees
01/08/2024 General News
Deciding to sell your antiques at auction can be very exciting. Professional auctions are a great way to get the best price for your antiques, whether you’re selling jewellery, furniture, glassware or works of art. However, there are a few important things you need to know before selling at auction, including the different fees involved with the process.
If you're considering selling your antiques, it’s important to look into the selling fees and how much you can expect to pay an auction house. These fees can vary significantly from one auction house to another, impacting the final amount you receive for your items. In this blog, we have explored the common types of selling fees and how they can impact your auction experience. We will ensure you’re well-prepared to make an informed decision when choosing an auction house to sell with.
Types of Selling Fees at Auction Houses
Whenever you’re selling antiques at an auction house, it’s important to be aware of the different selling fees that will impact the net amount you receive after your items are sold. Here at Hutchinson Scott Auctioneers, we ensure complete transparency when it comes to fees and we aim to make the selling process as hassle free as possible.
As an experienced Yorkshire auction house, we will happily help you understand how much you will receive when selling your items. Generally speaking, you can calculate your potential net proceeds by deducting the fees below from the estimated hammer price. This will give you a good indication of what you can expect from your sale.
Antique Valuations
Some auction houses charge for professional valuations, which can be beneficial if you’re unsure what the auction estimate is for your antiques. However, we provide a free valuation service at Hutchinson Scott Auctioneers. We can provide you with a quick estimate of your antiques, simply complete the form on our website with some basic information and clear images. We will get back to you as soon as possible with a valuation. This valuation can help you to gauge the potential sale price and estimate the associated selling fees.
Seller’s Commission
The main antique auction selling fee to be aware of is the seller’s commission, also known as the seller’s fee. This is a percentage of the hammer price that the auction house charged for its services. For instance, our seller’s commission rate is 10% of the final bid at which the item is sold plus VAT. This fee covers things such as the cost of listing the item, marketing materials and the expertise provided during the auction process.
Insurance Charge
It isn’t uncommon for auction houses to charge insurance fees when you’re selling at auction. This fee ensures your items are covered against potential loss or damage while they are in the care of the auction house. We only charge an additional 1% for insurance and it’s a small price to pay for the peace of mind it provides.
Unsold Items
Many don’t realise that some auction houses also have unsold charges for any items that don’t sell at auction. However, at Hutchinson Scott Auctioneers, we don’t believe in charging for unsold antiques, so if we don’t find a buyer for your item, you won’t be out of pocket for simply attempting to sell your antique. Since there are no fees for unsold items at our auction house, it may be worth setting a realistic reserve price. This price is the minimum you are willing to accept, ensuring the antique doesn’t sell for less than its worth or incur unnecessary fees.
Collection Service
If you require assistance getting your items to the auction house, you will need to consider the costs associated with collection services as well. Typically, these costs can either be deducted from your sale proceeds or charged directly by the collection company. A convenient collection service helps simplify the auction process if you don’t have any way to transport your antiques. Consider these costs when planning your sale to ensure you can still make a profit.
Selling Antiques at a Yorkshire Auction House
The various fees associated with selling at an auction house can significantly impact the overall profitability of selling your antiques. Understanding antique auction selling fees and factoring them into their budgeting is vital for anyone looking to sell their items through an auction house. By knowing these costs upfront, you can set realistic expectations and price your items accordingly to ensure you are happy with the net proceeds.
If you have any questions about the fees we charge at Hutchinson Scott Auctioneers, don’t hesitate to get in touch with our team. We pride ourselves on our transparency and customer service, helping sellers navigate the auction process with ease and confidence. We will be happy to provide you with any additional information you may need before deciding to sell your antiques at our Yorkshire auction house.
Professional Valuations Help Avoid Under or Over Restoration and Preserve Value
![](<p><span style="font-weight: 400;">Selling antiques at auction can be an incredibly rewarding experience and a great way to unlock the value of treasured possessions, or those you have purchased but no longer need or want. Making sure you get the most out of the auction selling experience and maximising the value of your antique requires research and careful preparation. From understanding market trends to choosing the right auction house and presenting your items attractively, every step plays a role in ensuring you achieve the best possible outcome.<img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/isaac-young-liverpool-mahogany-longcase-clock.png" alt="" /></span></p><p><span style="font-weight: 400;">In this post, we cover the key steps in selling at auction, from receiving an accurate valuation to understanding your role on auction day. We outline typical seller fees, like commission and insurance, so you can gauge any potential profits from the items you are listing. You)
Finally it is important to mention that if your item doesn’t sell, you won’t incur these fees. We would recommend finding out this information at the auction house you are selling through, prior to agreeing to sell your item with them; so, to not incur unexpected costs.
![](<p><span style="font-weight: 400;">People invest in antiques for lots of different reasons. Some love the unique appearance of older items and the stories behind them, whereas others are more interested in how they appreciate over time. Whatever your reason may be for purchasing antiques, when it comes to </span><a href="https://www.hutchinsonscott.co.uk/selling-info/"><span style="font-weight: 400;">selling the items you own</span></a><span style="font-weight: 400;">, getting a professional valuation is always important. </span></p><p><span style="font-weight: 400;"><img style="float: left;" src="https://hutchinsonscott.bidpath.cloud/main/large-royal-vienna-porcelain-vase.png" alt="" />Fortunately, it’s easier than ever to </span><a href="https://www.hutchinsonscott.co.uk/valuation/"><span style="font-weight: 400;">get a valuation</span></a><span style="font-weight: 400;"> with the convenient online services we offer at </span><span style="font-weight: 400;">Hutchinson</span><span style="font-weight: 400;"> Scott and we can help you understand how much your antiques are worth. In this post, we have discussed the benefits of turning to an independent antique valuer in more detail, helping you get the best possible price for your high-value items. </span></p><h2><strong>Why a Professional Valuation is Important</strong></h2><p><span style="font-weight: 400;">Getting a professional valuation is important for several reasons. Ultimately, it provides you with an accurate estimate of your antique’s value based on current market trends as well as its unique condition </span><span style="font-weight: 400;">and history</span><span style="font-weight: 400;">. Experienced valuers have in-depth knowledge of different types of antiques from different periods of time, ensuring the valuation you receive is well-informed. They also have access to various resources enabling them to compare your antique with similar items previously sold at auctions. This comprehensive analysis ensures you get a realistic understanding of what your antique is worth. </span></p><p><span style="font-weight: 400;">It’s worth noting that professional valuers can also reveal hidden details about your item, such as its historical significance or unique provenance, which can enhance its value. The insight they provide can make a significant difference when it comes to selling your antique.</span></p><h2><strong>Benefits of Independent Antique Valuations</strong></h2><p><span style="font-weight: 400;">When finding out how much your antiques are worth, it’s highly recommended that you turn to an independent valuer to ensure you get the most accurate and fair assessment of your items. Here are some of the many benefits of choosing an independent valuer for your antiques;</span></p><ul><li aria-level="1"><strong>Avoid Bias<img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/peter-litherland-pair-cased-pocket-watch.png" alt="" /></strong></li></ul><p><span style="font-weight: 400;">It isn’t uncommon for buyers to offer valuations themselves when you’re selling antiques, from individual collectors to antique stores. While this might seem convenient, their valuations can often be biassed. Buyers might undervalue your item to get a better deal and this is one of the main reasons why getting an independent valuation is essential. An unbiased professional can provide an accurate valuation, ensuring you get a fair price.</span></p><ul><li aria-level="1"><strong>Expert Knowledge</strong></li></ul><p><span style="font-weight: 400;">As touched on above, independent antique valuers have extensive knowledge and expertise in various types of antiques. They stay up-to-date with market trends and the latest auction results, enabling them to provide a more accurate and reliable valuation when compared to a general antique buyer or collector.</span></p><ul><li aria-level="1"><strong>Guidance </strong></li></ul><p><span style="font-weight: 400;">In some cases, your antique may need cleaning or restoring prior to the auction however this isn’t always the case. During the valuation this is something which could be discussed with the experts and they can guide you as to whether it is necessary or could help in increasing it’s value. We recommend checking this with experts before undertaking any work to avoid damage or potentially lowering the value to the item.</span><span style="font-weight: 400;"> </span></p><ul><li aria-level="1"><strong>Accurate Market Value</strong></li></ul><p><span style="font-weight: 400;"><img style="float: left;" src="https://hutchinsonscott.bidpath.cloud/main/japanese-period-gilt-sculpture.png" alt="" />An independent valuation will ensure you receive an accurate evaluation of your antique)
purchasing is both legitimate and a fair price. It will also add trust which can result in smoother transactions and potentially higher offers.![How to Maximise your Selling Success](<p><span style="font-weight: 400;">Selling items at an </span><a href="https://www.hutchinsonscott.co.uk/"><span style="font-weight: 400;">auction house</span></a><span style="font-weight: 400;"> can be exciting as well as profitable but achieving the best possible result requires more than just showing up on auction day with your items. <img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/20th-century-clarice-cliff-part-tea-service.png" alt="" /></span></p><p><span style="font-weight: 400;">It doesn’t matter if you are selling fine art, antiques, collectibles, or unique treasures that have been hidden away in your loft for years, taking the time to understand the differences and unique ways of the auction process and house that you choose to sell through will significantly impact your success. From finding the right auction house, to obtaining a truthful valuation and setting realistic expectations on what your item could sell, every decision matters and can impact your end goal.</span></p><p><span style="font-weight: 400;">In this blog, we guide you through the essential steps to take to maximise your success when selling at an auction. We will discuss how to obtain a strong valuation, explore restoration options, if necessary, and setting a realistic reserve that will encourage competitive bidding. With the expert guidance of our team, you can make your auction experiences rewarding and secure the best value for your items.</span></p><h2><strong>What Does Success Mean to You?</strong></h2><p><span style="font-weight: 400;">Success, when you are selling an item at an auction is about achieving the best possible outcome for your items. To achieve this, it must start with an accurate valuation, so you fully understand the true worth of your item. Taking the time to restore your item if needed can significantly improve an appearance, appeal and increase its value. Setting a realistic reserve protects your interests and items whilst encouraging competition and people making bids. </span><span style="font-weight: 400;"><br /></span></p><p><span style="font-weight: 400;">It is important to acknowledge that success can mean different things to different people and it doesn’t always have to be about the money you make from the sale of your item. For some, it may be about finding the right trusted auction house to use on this occasion and also for future items, for others it may be about finding the right buyer for your piece so you have the peace of mind you need that it is going to a great home, or it may be about your item reaching its full potential and you receiving the maximum amount for it. The key is achieving the best outcome based on your own goals and expectations.</span></p><h2><strong>The Importance of Valuations</strong></h2><p><span style="font-weight: 400;"><img style="float: left;" src="https://hutchinsonscott.bidpath.cloud/main/louise-vuitton-sirius-travel-bag.png" alt="" />Valuations can sometimes be missed or not thought about at all, but the truth is that valuations are the foundation to a successful auction sale as they offer a clear understanding of an item’s worth. It really doesn’t matter what the item is that you are intending to sell, a </span><a href="https://www.hutchinsonscott.co.uk/valuation/"><span style="font-weight: 400;">professional valuation</span></a><span style="font-weight: 400;"> offers you an informed estimate of an item’s market value based on its current condition, uniqueness, and demand.</span><span style="font-weight: 400;"><br /></span></p><p><span style="font-weight: 400;">For someone who is wishing to sell an item at auction, accurate valuations are essential for setting reserves, which act as the minimum acceptable bid. An item that is valued too high will easily deter bidders from taking the time to explore and look at the item, whilst undervaluing an item could mean losing out on potential buyers due to a lack of perceived value, which can lead to lower bids and therefore you not maximising success and profit. </span><span style="font-weight: 400;"><br /></span></p><p><span style="font-weight: 400;">Here at Hutchinson Scott, we understand that a thorough valuation attracts serious buyers as it gives them confidence that you are taking the process seriously </span><span style="font-weight: 400;">and that</span><span style="font-weight: 400;"> your item is legitimate and worth what it has been valued at</span><span style="font-weight: 400;">. </span><span style="font-weight: 400;">That is why we</span><span style="font-weight: 400;"> offer a free professional valuation service that is conducted by experts who have extensive industry knowledge. </span></p><h2><strong>Restoration</strong></h2><p><span style="font-weight: 400;">Taking the time to understand if your item needs </span><span style="font-weight: 400;">to be</span><span style="font-weight: 400;"> restored and actually restoring an item before you sell it at auction can significantly improve how others view your item, its appeal and also how much it is valued at and therefore how much you could sell it for. Careful restoration is about enhancing appearance and protecting and preserving your items original charm </span><span style="font-weight: 400;">whilst</span><span style="font-weight: 400;"> correcting any damage there may be. An item that has been restored not only attracts more attention from buyers but can also result in higher bids. We recommend you consult with a restoration expert if you think your item needs restoring </span><span style="font-weight: 400;">so that they can see if it is necessary</span><span style="font-weight: 400;"> and to make sure that the work is done professionally. </span></p><h2><strong>Setting Realistic Reserves<img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/late-georgian-bristol-green-glass-cups-james-giles.png" alt="" /></strong></h2><p><span style="font-weight: 400;">Setting a realistic reserve is one of the main critical elements to a successful sale at auction. The reserve is the minimum acceptable bid that you will accept and is there to protect your item’s value whilst encouraging potential buyers to bid. If you set the reserve too high you are at risk of deterring interest, whereas if you set a reserve too low you are at risk of undervaluing your item. Hutchinson Scott recommends that you base your reserve on an accurate valuation and therefore striking that perfect balance between maximising your success, understanding the market demand and making sure that your item achieves its best possible result at auction.</span></p><h2><strong>Sell Your Item Through Hutchinson Scott </strong></h2><p><span style="font-weight: 400;">Are you looking for a reputable and trusted auction house? If the answer is yes, then look no further than Hutchinson Scott. We offer a trusted and </span><a href="https://www.hutchinsonscott.co.uk/selling-info/"><span style="font-weight: 400;">professional selling service</span></a><span style="font-weight: 400;"> that includes accurate valuations, setting realistic reserves and guiding you through the selling process from start to finish, maximising value and achieving the best possible return. Hutchinson Scott are a trusted name in the auction world and have years of experience and knowledge. The team is here to help you so please call them on 01756 798333. We look forward to hearing from you.</span></p><p> </p><p> </p>)
![How to Identify and Sell Valuable Antiques](<p><span style="font-weight: 400;">At </span><a href="https://www.hutchinsonscott.co.uk/"><span style="font-weight: 400;">Hutchinson Scott</span></a><span style="font-weight: 400;">, we know that valuable antiques often lie in the most unexpected places. Pieces that have been sitting unused in your loft or in forgotten corners of your home could hold significant value for others, collectors and antique<img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/royal-worcester-cabinet-vases-james-stinton.png" alt="" /> enthusiasts. Perhaps you have a vintage clock, a set of fine china, or an elegant piece of furniture that no longer has a place in your life. Every piece has a story, history and its own uniqueness and your unused piece might just be the ideal find for someone else. </span></p><p><span style="font-weight: 400;">We have created this blog to explore how you can identify valuable antiques in your home, how we can help you sell them and make sure they find a new home where they will be revered. Whether you are looking to have a clear out, declutter, or you simply want to see your items being appreciated and going to a new home, here at Hutchinson Scott, we can guide you through the process of getting your pieces valued, advertised and ultimately sold at auction. </span></p><h2><strong>Identifying Valuable Antiques in Your Home</strong></h2><p><span style="font-weight: 400;">Some may be surprised to know that identifying an antique doesn’t necessarily require expert knowledge, just an eye for quality and craftsmanship. At Hutchinson Scott we have extensive experience of sourcing and identifying antiques, helping you uncover hidden treasures you may not have realised you owned. Whether it’s furniture, art, ceramics, </span><span style="font-weight: 400;">clocks, glassware, watches, silver, bronzes, automobilia, walking sticks</span><span style="font-weight: 400;">, or jewellery, our specialists can provide insights into an item’s history, value, and potential market interest and have compiled the below information to help you get started;</span><span style="font-weight: 400;"><br /></span></p><p><span style="font-weight: 400;"><img style="float: left;" src="https://hutchinsonscott.bidpath.cloud/main/late-regency-purple-heart-workbox.png" alt="" /></span></p><ul><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Start by looking for items in your home that are well made. These may be old pieces that have been gathering dust, but if they are still in good condition and have stood the test of time this is a great indicator that they could be valuable or have some value to them. Items crafted with care and that have been created using quality materials often retain their value over the years. </span><span style="font-weight: 400;"></span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Pay attention to craftsmanship details like solid wood construction, detailed and intricate carvings, or unique finishes, as these elements can significantly improve the desirability amongst collectors and people who visit our auctions. It doesn’t matter if these pieces have been hidden or tucked away for years, their potential could be huge and there may be someone who has been looking for that exact piece for years at one of our auctions. </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">If you have items of furniture in your home that may have been hidden away or realise you just don’t need them anymore, take the time to see if they are of a solid construction and quality craftsmanship. Look for details like strong joints, quality wood, and well made upholstery if there is any as these are signs, your item could be of some value as well as offering its next owner a solid and beautifully crafted piece. Older<img style="float: right;" src="https://hutchinsonscott.bidpath.cloud/main/19th-century-italian-ebonised-ivory-inland-cabinet.png" alt="" /> furniture that has been carefully crafted can be highly sought after by collectors and antique enthusiasts. It may be worth more than you think. </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Antique clocks, vintage jewellery, porcelain, and fine china all can hold significant value as well as interest, especially if they have distinctive markings or are from well known makers. Historical items, such as scientific instruments or military memorabilia, can also be worth more than we think and the age of an item can play a large role in its value so we recommend that if you find any of these type of items in your home to extensively explore them, looking for distinctive markings and take the time to do some research into the pieces as you may find out something truly valuable and rare. </span></li><li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">It is important to not worry if the item isn’t in the best condition as restoration can take place if needed. Condition is important and whilst some wear and tear can add to a piece’s character, excessive damage can decrease its value. If you find an item that is damaged and not in the best condition, then we recommend you contact our team and we can provide a professional evaluation and discuss its value. We also recommend you contact a restoration expert who can assess your item and what needs to be done to maintain the balance between restoration and conservation. </span></li></ul><h2><strong>How We Can Help Find your Unused Items a New Home</strong></h2><p><span style="font-weight: 400;">At Hutchinson Scott, we take pride in our ability in helping you find new homes for your unused items, whether they’re antiques, collectibles, or cherished household pieces. Our experts can provide you with a </span><a href="https://www.hutchinsonscott.co.uk/valuation/"><span style="font-weight: 400;">free valuation</span></a><span style="font-weight: 400;"> which will assess the true worth of your items, providing you with a clear understanding of what their potential is. With years of experience in the auction industry, our team will guide you through the process, making sure that your items receive the attention they truly deserve. Contact us today for us to discuss your forgotten treasures and how they could be someone’s ideal find. Please call our experts on 01756 798333 to find out more.</span></p><p> </p>)