Pricing & Fees

All fees on BidVault are admin-configurable and snapshotted onto each auction at the moment it's created. That means the fee schedule you agree to when you list an item will never be changed retroactively. The current defaults are shown below.

Buyer fees

Buyer's premium 15.00%

VAT on the premium 20.00%

The buyer's premium is added to the hammer price, and VAT is applied to the premium only. The total payable is shown on every auction page before the bid button.

Seller fees

Listing fee (standard auction) £0.00

Listing fee (reserve auction) £5.00

On successful sale £10.00 flat or 5.00% (higher)

Listing fees are charged when a listing is published and are non-refundable. On successful sale, the platform takes the higher (or lower, depending on the current mode) of the flat fee or the percentage of the hammer price. The exact fees that apply to each auction are locked in when the auction is published.

Payment deadlines and penalties

Payment deadline 2 working days after auction end

Collection deadline 3 days after auction end

Late payment penalty 2.00% per day overdue

Buyers receive a reminder email 48 hours before their payment deadline. Sellers and admins can see payment status at a glance from their dashboards.