Buying at V&P Auctioneers
A step-by-step guide to purchasing luxury watches, jewellery, and antiques.
At V&P Auctioneers, we aim to make the buying process simple, transparent, and straightforward. Below is a guide to taking part in our auctions.
1. Register to Bid
Before participating in an auction, you must register for an account[cite: 170]. This simply requires filling in your details so you can place bids during the sale.
2. Ways to Bid
There are several ways to bid during our live auctions:
- Online Bidding: You can bid live through our online auction platform during the sale[cite: 170].
- Telephone Bidding: You may also bid by telephone. Simply call during the auction when the lot you are interested in is being offered.
3. Reserve Prices
Some lots are sold with a reserve price, which is the confidential minimum amount the seller is willing to accept. If bidding does not reach the reserve, the item will remain unsold.
4. After the Auction & Timed Sales
If a lot remains unsold, you may contact us after the sale to enquire about purchasing. Unsold lots may also be placed into a timed auction, allowing bidders to place bids online for a fixed period.
5. Buyer’s Premium
A buyer’s premium of 20% is added to the hammer price of each lot[cite: 171]. For example, if the hammer price is £100, the total before any additional charges will be £120.
6. Payment, Shipping & Collection
Successful bidders will receive an invoice after the auction[cite: 172]. Payment must be completed within the stated timeframe via bank transfer or major cards[cite: 172]. Shipping must be arranged by the buyer, or you may organise collection from our Epsom store[cite: 173].