Browse Our FAQ's
How does Iconic Auctioneers value classic cars?
All cars are submitted to our internal valuation committee who between them have a wealth of experience in all makes of classic and competition cars. The value is agreed between the specialist and the seller of the vehicle in line with current market conditions and the sellers expectations.
How much does it cost to sell a car, motorcycle or collectible?
When selling a car we charge a cataloguing fee of £250 plus VAT. The cataloguing fee covers photography, script writing, video and worldwide marketing of your vehicle. Our seller's commission is 7.5% plus VAT (9% including VAT) of the hammer price.
When selling a motorcycle our standard cataloguing fee is £50 plus VAT. The cataloguing fee covers photography, script writing and worldwide marketing of your motorcycle. Our seller's commission is 7.5% plus VAT (9% including VAT) of the hammer price. We also offer a premium service with a cataloguing fee of £200 plus VAT which includes transport of your motorcycle to the auction.
For automobilia, watches and registration numbers we charge a cataloguing fee of £25 plus VAT. Our seller's commission for automobilia items and watches is 15% plus VAT (18% including VAT) of the hammer price, for number plates is 10% plus VAT (12% including VAT) of the hammer price.
What happens once my car is confirmed for auction?
Once accepted for auction, arrangements will be made for the car to be photographed by our in-house professional photographer. A script will also be written for the car to which you will need to approve.
The vehicle will be included in our worldwide marketing opportunities. Platforms include; digital and printed media, social media including YouTube, press releases and video. All auction entries are featured on our website which receives over one million hits every year.
On the week of the auction you will need to arrange to have the vehicle or item of automobilia delivered to the event location - specific details will be emailed to you.
What about the documentation/history files for my car?
To assist with the sale, we ask you to supply all of the documentation for your vehicle at auction. Please ensure the documentation is inside your vehicle when it is delivered to the auction. The documents will be stored in a secure location and will be available to view by potential buyers under the supervision of our staff. At the end of the sale they are secured into the vehicle ready for collection.
What happens when my car is sold?
The buyer becomes responsible for the vehicle on fall of the hammer; however, title will not pass until cleared funds are received by us. The V5c will be processed to the new keeper once full payment has been received. DVLA will refund any outstanding road tax on the vehicle direct to the registered keeper on the V5c.
What about my vehicle insurance?
Responsibility for the vehicle passes to the successful bidder on the fall of the hammer, however we would recommend keeping the vehicle insured until you have received payment. Cars are insured whilst they are in our care.
When will I receive payment?
You will receive a statement via email from the accounts team within five working days of the auction, detailing the proceeds of the sale. Funds will be paid to your bank account via bank transfer within 14 working days from the date of the auction (subject to cleared funds being received) but we aim to pay out within ten working days. During this time funds are kept in a dedicated customer account.
What if I want to withdraw my car from an auction?
Withdrawal of a car once entered attracts a fee of 15% plus VAT of the mid estimate of the lot, this is payable within 7 days of the withdrawal.