Plain answers about fees, bidding, and reading the catalogue before you bid or consign in Australia.
A buyer’s premium is a percentage fee the auction house charges the winning bidder on top of the hammer price. On ChronoBid, the published rate is shown on every lot before you bid, in Australian dollars.
Read guideChronoBid runs timed online auctions for luxury and collectible watches. Bids are in AUD. The highest accepted bid at close is the hammer, then published fees apply.
Read guideA reserve is the lowest hammer price the consignor will accept. It is not always published. Bidding can sit below reserve until the floor catches up or the sale ends.
Read guideThe lot page is the contract you bid against. Read the text and every photo before you set a limit.
Read guideIncrements keep the book orderly. Closing times are fixed, so place your bid before the countdown ends.
Read guide