||How To Consign
Mavin holds approximately 4 auctions a year. Consignments are
accepted year round. Because consignments have to be catalogued and
auction catalogs have to be sent to our bidders with time for them
to study the lots, consignment deadlines are usually three and a
half months before the auction.
Consigning is easy. Just bring or send the items to us with a
list of the items you are consigning. We will check the items and
take care of the rest. Do remember to state any reserve you have in
mind. If we think the reserve is too high, we will contact you with
our suggested reserves. If you are sending the items by post or
courier, please let us know in advance before sending the items so
that we can advise you whether they are auctionable before you spend
any money posting them to us.
Much Do You Charge?
Our standard seller's commission starts at 10% of the hammer
price and is on a sliding scale. Please email us for inquiries.
Have To Pay If The Item Does Not Sell?
do not charge anything if your item does not sell. There is no
hidden charge like insurance, cataloguing, photography charges etc.
The exception is if we feel that the reserve you set is speculative.
In such a case, we will expressly tell you this in writing before
the auction and we will charge you 5% of the reserve if your item
does not sell.
Can I Expect Payment?
Mavin's payment terms can be found in the standard
Consignment Terms. Generally, this is within 1 month from when we
receive payment from the successful bidder. It is not our policy to
delay payment to consignors because we do not keep stock, so we do
not require the money for financing. We are reputed to be one of the
fastest paying auctioneers around. If your lot is paid for on the
day of the auction, you can get your money as early as the very next
day! You will probably be asking "If I have sold 5 items and payment
have been received for 3 items, can I ask you to pay me for the 3
items first?" The short answer is yes, you may. However, if payment
has to be posted or sent to you, we ask that you be a little patient
and give us some time to collect a reasonable sum for you first
Currency Will I be Paid In?
Our auctions are held in Singapore dollars. Payment will be
made in Singapore dollars unless you request otherwise.
If You Sell Below My Reserve?
for any reason your lot was sold below your reserve, we will make up
the difference and pay you as though your lot was sold at the
Our standard consignment terms can be found in
the Consignment Terms section of the Catalog.
us to request a copy of the Catalogue.