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UAE: Bid Deposit and Payment Information

Registration

Registration to bid is free of charge, whether you are bidding in person, online or by proxy. You may be required to pay a refundable bid deposit.

Bid Deposits

  • Depending on your bidding history, you may be required to place a refundable 25% bid deposit when you register to bid.

  • If you have placed a deposit by credit card, the deposit amount will be applied to unpaid invoices immediately after auction. A 2.95% iClosing convenience fee applies to all credit card payments.

Bid Deposit Methods

 

Wire transfer

Credit card (Visa, MasterCard)*

Certified check

Domestic bidder

International bidder

 

Online bidder

 

* Place a bid deposit by credit card or view wire transfer deposit information.

Payment Terms

  • All payments must be made in United Arab Emirates Dirhams (AED) or United States dollars.

  • Cash payments will not be accepted. Please only pay from the same account from which you made the purchase.

  • Each purchased Lot will be subject to a transaction fee of:


        (a) 15% on all lots selling for USD 5,000 or less, with a minimum fee of USD 100 per lot or


        (b) 10% on all lots selling for over USD 5,000 up to USD 12,000, with a minimum fee of USD 750 per lot, or


        (c) 4.85% on all lots selling for over USD 12,000 up to USD 75,000, with a minimum fee of USD 1,200 per lot or,


        (d) USD 3,638 on all Lots selling for over USD 75,000.

  • Lots must be paid in full within seven (7) days of the end of the auction.

  • NOTE: Purchases cannot be removed from the auction site or collected until paid for in full. If paid for with non-certified funds, items will not be released until non-certified funds clear our bank. This policy will be strictly enforced.

Payment Methods

 

Wire transfer

Credit card (Visa, MasterCard)*

Certified check

Domestic bidder

International bidder

 

Online bidder

 

* Make a payment by credit card or view wire transfer payment information.


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