Payment Authorisation
Payment Window - The payment window will open approximately 6 days prior to the auction date, at that point Auction House London will send to you a link to authorise your card.
I will pre-authorise on my debit/credit card £6,500 prior to the auction for the Auctioneers, comprising a £5,000 contribution towards the deposit plus the Auctioneers Buyer's Administration Charge of £1,500 (£1,250+VAT). If I am the winning bidder, I will make a bank transfer to include any balance due on the 10% deposit of my winning bid (subject to a minimum of £5,000, whichever is greater, or as otherwise stated in the Special Conditions) plus my buyers administration charge of £1,500 (£1,250+VAT) (or as otherwise stated in the addendum) to Auction House London.
Auction House London will send bank details to the winning bidder.
Buyer's Administration Charge - Should my bid be successful I agree to pay a Buyer's Administration Charge of £1,500 (£1,250+VAT) (or as otherwise stated in the addendum) upon exchange of contracts to Auction House London, the auctioneers.