Upon successfully submitting a valuation form, a Plakas specialist will contact you to further discuss estimates and advise on sale dates also confirming the Seller’s agreement and commission structure. Once you have signed your Seller’s Agreement, you should arrange for the item to be delivered to our saleroom.
Plakas can assist with the handling of the object(s). When the item is received by Plakas, our specialists will coordinate every detail of the object, this will be done by extensively researching the piece further and marketing it to prospective global buyers as well as cataloguing it correctly.
Alternatively, at certain value levels, Plakas can help broker a private sale, avoiding the restrictions of the auction calendar.
Before you sell your property with Plakas, you will need to sign a Seller’s Agreement. This is the contract that confirms the services, and outlines the fee structure and the terms and conditions of sale between you and Plakas.
Plakas will agree on a low and high estimate range for each item with you. This information is published in the auction catalogue and will be publicly available to global potential buyers.
Plakas will also agree on a reserve price with you for each item. This will be an amount that we both agree that we will not sell your item below during the auction. This amount must be equal to, or lower than the low estimate, and will not be published.
Our Fees are as follows:
15% (+ VAT) Seller’s Commission up to £100,000.
10% (+ VAT) Seller’s Commission to up £1,000,000.
Insurance is charged at 1.5% (+ VAT) of the hammer price.
Professional Photography fees charged at 1% (+ VAT) of the low estimate.
Charges for illustrations in the catalogue and on our website are usually agreed upon in advance.
You may also be charged for other external services such as shipping, restoration and framing, but these will be discussed and agreed upon with you beforehand.
There are no unsold fees.
As a seller, Plakas encourages you to join the excitement of the sale Join the excitement of the sale day by following it online via Plakas Live
You will receive a statement informing you of the price that your item achieved at auction. We will then confirm your net proceeds of sale based on the hammer price, with any agreed-upon expenses and commission deducted. Please note that prices listed on our website display the hammer price inclusive of the buyer’s premium.
Plakas will then act on your behalf to secure payment from the buyer. Provided we have received payment in full, approximately 30 days after the auction, subject to normal business conditions, your payment will be sent to your nominated account.
If a buyer was not found for your item, Plakas will contact you to discuss either re-offering or collecting your property.