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Payment

Attributed to Tang Yin (1470-1523): Landscape Hanging scroll, ink and color on silk, Sold for $59,000

Payment Options

Accepted forms of payment include cash, check, money order, Visa, Mastercard, Discover or wire transfer. Michaan's Auctions reserves the right to hold merchandise purchased by personal check until the check has cleared. International credit cards will not be accepted.

Please note: Buyers have seven business days to pay for and pick up purchased property. If the property is to be shipped, arrangements need to be confirmed within seven business days. We only accept credit cards with a US billing address.



Buyers Premium for Live, Phone and Absentee Bidding

An invoice includes the successful hammer price of an item and the buyer's premium. The buyer pays a buyer's premium on each lot of twenty percent (20%) per lot up to and including $250,000, fourteen percent (14%) per lot of any amount in excess of $250,000 up to and including $1,000,000 and twelve percent (12%) per lot in excess of $1,000,000. If one chooses to pay by credit card (Visa, Mastercard or Discover only) or any other form of payment, the buyer's premium is twenty-three percent (23%) per lot up to and including $250,000, seventeen percent (17%) per lot of any amount in excess of $250,000 up to and including $1,000,000 and fourteen percent (14%) in excess of $1,000,000.



Buyers Premium for Internet Bidding on Michaan's LIVE and LiveAuctioneers

Michaan's LIVE online platform's Buyer’s Premium (BP) is twenty-three percent (23%) of the first $250,000.00 of the bid price, seventeen percent (17%) of the amount of the bid price above $250,000.00 up to and including $1,000,000.00, and fifteen percent (15%) of the amount of the bid price over $1,000,000.00.

If you choose to pay by credit card (Visa, Mastercard or Discover only) or any other form of payment, the BP is twenty-five percent (25%) up to and including $250,000.00 and nineteen percent (19%) of the amount of the bid price, above $250,00.00, up to and including $1,000,000.00, and sixteen percent (16%) of the amount of the bid price over $1,000,000.00.

LiveAuctioneers online platform's Buyer's Premium is twenty-seven percent (27%) per lot up to and including $250,000 plus twenty-two percent (22%) per lot of any amount in excess of $250,000.

If a buyer plans on reselling items purchased at auction, they may present a valid California Resale Certificate, in which California sales tax will be waived from their invoice. To do this, the buyer must fill out the BOE-230(7-02) online form each and every time they pay for an invoice at Michaan's Auctions.


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