Our Fees

At WatchAuction.co.uk, we are open and honest about our fees and charges. Our fees guarantee to beat any other auction house!

Bidding Deposit: £500 – This is to be paid before any bids can be made through WatchAuction.co.uk. This is refundable if no purchases are won, if a purchase is won this will be offset against the purchase price.

Buyer’s Premium: This is a charge of 16% on top of the hammer price (Plus VAT). For example:

Hammer Price Buyers Premium VAT Buyer Pays
£6,000 £960 £192 £7,152
£12,000 £1,920 £384 £14,304
£58,000 £9,280 £1,856 £69,136

Penalty Fee (Late Payment Fee): £500 fixed fee. This would be applied for any winning bider that fails to pay within 1 week (7 days) of the auction ending.
Please ensure you have read our terms and conditions

Handling Fee: This is a fee for arranging a delivery/collection. The handling fee is £35 and is part of the packaging services. (Mainland UK ONLY)

Storage Fee: This would only be applicable on the 7th day after the auction if the watch is still being held by our office at a cost of £10 per day. This will be charged in addition to our handling fee.

Valuation fee: This would only be applicable if you chose not to accept our recommendations for an estimate and the watch did not sell. It would be a cost of £100, this covers delivery and admin.

We recommend that you view any items you wish to purchase as refunds will not be given to winning bidders. This doesn't affect your statutory rights.

Currency Exchange

All of our prices are provided in GBP (£) but we can accept payments in EUR (€) AND USD ($). Our exchange rates are updated daily and are dictated by the European Central Bank, with a small conversion fee added.

Our exchange rates are: £1 = €1.2370140661 = $1.3666180782 and were last updated: 2019-12-11

An example conversion into Euros and into US Dollars is shown below:

GBP EUR USD
£7,500 €9,278 $10,250
£15,000 €18,556 $20,500