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 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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Need assistance?
Entrusting your wines to LANGTONS begins with a conversation. To save time, share your enquiry through our Auction and Valuation contact form and one of our specialists will be in touch shortly.
You are also welcome to speak with your Private Client Manager, or call our Auction and Valuation team on 1300 946 347.