When your wines are successfully sold through LANGTONS, settlement will be made to your nominated bank account once the relevant conditions have been met.
Auction sales
For auction sales, settlement is generally made within seven business days of the auction close, subject to LANGTONS having received cleared funds from the Buyer.
Wine Store sales
For Wine Store sales, settlement is generally made within thirty (30) calendar days of the sale date.
How payment is calculated
For auction sales, Sellers are generally paid:
- the Hammer Price
-
less Vendor Commission
Charged at a rate of 15% (inc. GST) of the final hammer price, or a minimum of $6 per bottle (Minimum Handling Fee), whichever amount is greater.
For Wine Store sales, Sellers are generally paid in accordance with the applicable store pricing and commission arrangements.
To avoid delays
Please ensure your nominated bank details are accurate and current.
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We are here to assist, at your pace.
Entrusting your wines to LANGTONS begins with a conversation. You may also share your enquiry through our Auction and Valuation contact form or speak directly with your Private Client Manager.
Our specialists are only a phone call away on 1300 946 347.