The Max Bid represents the highest amount you are willing to bid on a particular item however it does not necessarily mean you will pay that amount. After placing a Max Bid, our software will automatically bid on your behalf in $1 increments above any competing bids that are less than your Max Bid. It is a strategic way to ensure you will not be outbid in the final moments within your predetermined bid range.
The “Buy Now” feature allows bidders to purchase an item for a fixed price before the auction ends.
The buyer’s premium is a percentage additional charge on the hammer price of the lot that is paid by the winning bidder. All sales on Town & Sea have a 15% Buyer’s Premium.
If you know you can not make a pickup date, we would advise coordinating a pickup with a shipper before placing a bid. If an item is won but no one arrives to pick it up, the item will be considered forfeited and no refunds will be given.
All bids placed on Town & Sea are final.
Getting started is easy! Check out our “Sell With Us” page and we will be in touch promptly to schedule an in-person preview appointment! After the preview, we will simply need a signed auction agreement before cataloging your sale for the site.
Town & Sea auctions run on average for two weeks. The pickup date typically occurs within a week from the auction closing.
No. If the winning bidder requires shipment on an item they have won, it is at their expense. Town & Sea does not handle shipping transactions.
No. Town & Sea oversees all pickup arrangements with the winning bidders. A member or two from our team will be there on the pickup date to facilitate and ensure smooth operations.
Yes, all sales are final. Once the timed auction clock runs out, the transfer of ownership begins. We ask that sellers determine their final catalog of items before they sign our auction agreement.
All items that are not picked up at the auction pickup will be deemed forfeited.
Sellers will receive a check payment mailed out within 10 days of their auction pickup date. The payment will reflect 70% of their auction’s hammer price total. The hammer price is the winning bid amount.