How Do Payments and Fees Work in Freeman’s Auctions?

Invoicing

If you are a successful bidder, you will receive an email confirmation along with your invoice within 24 hours after the close of an auction, along with payment options and instructions.

Forms of Payment

Freeman's accepts the following methods of payment:

  • Money order
  • Bank check
  • Wire transfer
  • Credit card (Please note, if you intend to pay with a credit card, certain limit restrictions and processing fees will apply)

Payment must be made within 7 business days after the auction.

Hammer Price

The hammer price is the winning bid accepted by the auctioneer. It does not include the buyer's premium, taxes, shipping costs, or other applicable fees.


Buyer’s Premium

When purchasing at Freeman's, a premium is paid by the buyer based on the hammer price. Settlement with our consignors is based on the hammer price, which is the total cost, excluding buyer’s premium and sales tax.

Please see detailed fee structures in the table below.

First

Portion From

Bidding Option

$0 - $1,000,000

$1,000,001 +

Live/Absentee/Phone

28%

21%

Digital Bid Room

28%

21%

Shipping

Freeman's uses Arta’s fulfillment technology and end-to-end global services to ensure that purchases are properly shipped and insured. For more information about Arta, click here.

Buyers assume full responsibility for the packing and shipping of lots won at auction. Our Recommended Shippers offer a wide variety of local, domestic, and international shipping options.

In the interest of our clients, Freeman's requires a written authorization from the buyer in order to release property to anyone other than the purchaser of record (including but not limited to our recommended shippers). You may submit the Shipping Release Form via fax to 312.280.1211 or email to [email protected]

Collecting Property

Unless other arrangements have been made, all property must be removed from our premises within thirty days following the auction. Property not removed within thirty days after the auction will be subject to a storage fee as outlined in our Conditions of Sale. Pickups are available BY APPOINTMENT ONLY Monday – Friday, 10am-3pm. Limited appointments are available, please contact our main line at 312-280-1212 to schedule an appointment.