Auction glossaryAuction Invoice: What It Shows and How to Pay It
An auction invoice is the bill a winning bidder receives after a sale closes, listing every lot won with its hammer price, buyer's premium, sales tax and any shipping, plus the total due. It also says how and by when to pay, and it usually must be paid before pickup.
What does an auction invoice look like?
Everything won on your paddle number goes on one invoice. Say you won three lots at $45, $120 and $30:
- Hammer total: $195.00
- Buyer's premium at 15%: $29.25
- Sales tax at 8.25%: $18.50
- Total due: $242.75
How do you pay an auction invoice?
Once the auction closes, winners pay invoices on Auktia by card, or by bank transfer where the seller (auction house) offers it, straight to the seller. Sellers may also take cash, check, Venmo, Zelle, PayPal or wire, as each auction lists. Invoices and receipts stay in My bids. Our guide to paying for auction items covers the details.
Questions people ask
What happens if I don't pay an auction invoice?
The house can cancel the sale and block you from future sales, and its terms may add fees. See what happens if you win and don't pay.
Can I get sales tax taken off my invoice?
If you're buying for resale, give the house a valid Texas resale certificate before paying. Check eligibility with the Texas Comptroller.