If you are successful, at the end of the auction you will receive a DocuSign form which will detail the payment timing and require you to provide us with your bank details. Please monitor your inbox for emails from “DocuSign” so as not to hold up the process. This will include reviewing your “spam” folder.
Once the auction has ended and we have conducted our necessary HMRC due diligence, we request payment from winning bidders within 7 working days from the invoice date (so 8-10 working days after the auction has ended).
If the cask is held under Cask Trade’s licence then once payment has been received from the buyer, we will transfer the funds to you within 21 working days. So please allow 28 working days from the end of the auction to the final payment. (Please note that buyers may be overseas and international transfers take longer than domestic transfers.) We will also arrange the transfer of ownership of the cask into the Buyer’s name on your behalf.
If your cask is not held under Cask Trade’s licence, we will require you to contact whoever holds the cask to issue a Delivery Order from you to transfer ownership under our, or the customer’s licence. Once we’re in receipt of the funds from the buyer we will transfer 50% of the sale on receipt to you and the remaining 50% once the cask transfer is complete.
Please see our terms and conditions for further information.