For designated auctions, Sotheby’s schedules a payment for invoices below a certain threshold (see table). For those invoices, at the close of the sale we will charge or debit your saved payment method to cover the hammer price, buyer’s premium and overhead premium (if applicable) for lots you won. Any shipping, taxes or other expenses are not included in scheduled payments and would still need to be paid separately.

If your invoice exceeds the threshold, there will not be a scheduled payment and you can settle your balance according to our standard process as outlined in our Conditions of Business for Buyers. 

When you register to bid, you will set up a preferred payment method. You will also need to specify how you wish to take possession of any purchases, either by collecting in person or having them delivered. It is important to keep these preferences up to date. To change your preferences, and see detailed invoices for purchases, log in to your account.