How to Sell
Commission and Handling Fee
Todds Auctions charges standard commission rate of 22% (incl GST) on the auction hammer price. For any consignment under $100 there is a minimum commission charge of $22. We also charge a one off $22 (incl GST) handling fee per consignment. This is a one off fee charged for the entire consignment, not per item.
Transport Fee and Disposal Fee
Todds Auctions can provide a professional packing and transport service charged at the rate of $110 per hour (incl gst) for 2 men and a 3 tonne removal truck. We have 2 trucks available for larger consignments and several smaller vehicles which can be used in conjunction with the trucks as required. We also offer a disposal service where items with No Commercial Value (NCV)must also be removed from the property, which is charged at the same rate of $110 per hour plus the tip fee.
A disposal fee will also be charged for larger funiture items that are unable to be sold in two consequtive auctions. This fee is based on $22 per m3.
Reserves and Estimates
Todds Auctions staff can offer a free verbal auction estimate based on fair market value, prior to auction. If you are considering submitting items to auction you can email us photos or contact us to arrange an appointment to view the items to obtain auction estimates, or to see if they are suitable for auction. Reserve prices are accepted via Todds Auctions staff only, and we do not accept reserves under $200. reserves will apply the first week only. If unsold, the reserve will be reduced by 20% in the next week's auction. If unsold, the third and final week the lot will be sold to the highest bidder without prior contact to the seller.
Auction results and payments
Payments will occur 10 business days after the sale of the full consignment. Payment can be made by cheque of bank transfer. Together with the payment, the vendor will receive a Vendor Statement, which shows individual itemised sale prices for all lots and a breakdown of all costs.
On site auctions
For any queries regarding on site auctions please contact Todds Auctions staff. Commission rates and fee structures can vary depending on the particular needs of the vendor.
Todds auctions covers all advertising costs for in house auctions. We advertise in print newspapers and online, and also have a large eimail list of registered buyers for direct markerting.