Financial settlement 2018-03-27T08:50:51+00:00

Financial settlement

Within 10 (business) days after the auction, the auction house will send you a settlement. In this settlement, the revenue of the sold goods is indicated. From this amount, the submitting fee and any extra costs (e.g. transport costs or administration costs) are subtracted. The amount is transferred to your bank or giro account within 30 days of the reception of the settlement. This payment goes through Stichting Derdengelden Veilinghuis Omnia. Therefore, the payment is 100% guaranteed!
In case a few lots are not sold at the auction, you will not make any costs. Because all sales come under the so called margin scheme, there is no V.A.T. to settle.

Example

Turnover of the submitted goods € 1000,00
Auction costs (15% submission fee) € 150,00
You receive € 850,00
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