Buying at Live Auction, Online Auction or by Private Gallery Sale

All items that are offered and sold by Heffel are subject to our published Terms and Conditions of Business, our Catalogue Terms and any oral announcements made during the course of our sale. Heffel charges a Buyer’s Premium calculated on the Hammer Price as follows: a rate of twenty-five percent (25%) of the Hammer Price of the Lot up to and including $25,000; plus twenty percent (20%) on the part of the Hammer Price over $25,000 and up to and including $5,000,000; plus fifteen percent (15%) on the part of the Hammer Price over $5,000,000, plus applicable Sales Tax.

If you are unable to attend our auction in person, you can bid by completing the Absentee Bid Form. Please note that all Absentee Bid Forms should be received by Heffel at least 24 hours prior to the commencement of the sale.

Bidding by telephone, although limited, is available. Please make arrangements for this service well in advance of the sale. Telephone lines are assigned in order of the sequence in which requests are received. We also recommend that you leave an Absentee Bid amount that we will execute on your behalf in the event we are unable to reach you by telephone.

General Bidding Increments:

$50-300 $25 increments
$300-500 $50
$500–2,000 $100
$2,000-5,000 $250
$5,000-10,000 $500
$10,000-20,000 $1,000
$20,000-50,000 $2,500
$50,000-100,000 $5,000
$100,000-300,000 $10,000
$300,000-1,000,000 $25,000
$1,000,000-2,000,000 $50,000
$2,000,000-3,000,000 $100,000
$3,000,000-5,000,000 $250,000
$5,000,000-10,000,000 $500,000
$10,000,000+ $1,000,000

Payment must be made by 4:30 p.m. on the seventh (7th) day following the auction by:

a) Bank Wire direct to the Auction House’s account

In all circumstances, the Auction House prefers payment by Bank Wire transfer. Contact us and we will provide bank wire transfer instructions.

b) Certified Cheque or Bank Draft or

c) a Personal or Corporate Cheque.

All Certified Cheques, Bank Drafts and Personal or Corporate Cheques must be verified and cleared by the Auction House’s bank prior to all purchases being released. The Auction House honours payment by Debit Card and only by VISA or MasterCard for purchases. Credit Card payments are subject to our acceptance and approval and to a maximum of $ 5,000 if you are providing your Credit Card details by fax or to a maximum of $25,000 if the Credit Card is presented in person with valid identification. Such Credit Card payment limits apply to the value of the total purchases made by the Buyer and will not be calculated on individual transactions for separate Lots.