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 18% + vat commission of the eventual sale price (subject to a minimum of €4.17 plus 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.

When your items are sold, we pay the sellers on the Friday after each auction. Amounts up to €50 (fifty Euros) in cash, or by cheque / bank transfer for larger sum. Payment can be collected from the Saleroom. By request we can post cheques or make bank transfers to local or overseas bank (less any bank charges).

 

Buyers Fees & Costs

If you buy something from Castle Auctions you will be charged a ‘Buyers Premium’ of 12% + vat of the sale price.

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

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.

Certain items advertised as ‘Buy Now’ will be inclussive of the buyer’s premium.