# Consignor settlement statement

> The statement sent to a consignor after the sale showing each lot's result, the hammer prices, the deductions (seller's commission, fees, insurance) and the net amount payable.

- URL: https://www.selloff.auction/glossary/consignor-settlement
- Language: English
- Also known as: Settlement statement, Consignor statement, Vendor statement
- Last updated: 2026-10-07
- Français: https://www.selloff.auction/fr/glossaire/decompte-vendeur.md

## Definition

The statement sent to a consignor after the sale showing each lot's result, the hammer prices, the deductions (seller's commission, fees, insurance) and the net amount payable.

Settlement usually follows once the buyer has paid, and the statement serves as the consignor's invoice and remittance advice. It is the document consignors check most closely, so it must be exact.

In Selloff, consignment statements are generated per sale from the consignments screen, with an interim information version to review before issuing. Payment for a lot stays blocked while a buyer's authenticity extension is open, and payouts can be exported as a pain.001 file for e-banking.

## Related features

- [Consignor settlements](https://www.selloff.auction/features/consignor-settlements.md): Generate consignor statements for a whole sale, deduct commission, fees and VAT, pay consignors once buyers have paid and export transfers to your bank.
- [E-banking payment transfers](https://www.selloff.auction/features/e-banking-transfers.md): Pay consignors and suppliers by uploading a pain.001 file generated by Selloff to your e-banking, instead of typing each transfer by hand.

## Related terms

- [Consignor](https://www.selloff.auction/glossary/consignor.md): The person or organisation that entrusts objects to an auction house for sale. The consignor agrees the commission and reserves with the house, and receives the net proceeds after the sale.
- [Seller's commission](https://www.selloff.auction/glossary/sellers-commission.md): The fee the auction house deducts from the hammer price when settling with the consignor, usually a percentage agreed in the consignment contract. Lot fees, insurance or other agreed costs may be deducted as well.
- [Hammer price](https://www.selloff.auction/glossary/hammer-price.md): The price at which the auctioneer knocks a lot down to the winning bidder, before the buyer's premium, taxes and other charges are added. It is the basis for both the buyer's invoice and the consignor's settlement.
- [Buyer's invoice](https://www.selloff.auction/glossary/buyers-invoice.md): The invoice issued to the successful bidder after the sale, listing the lots bought with their hammer prices, the buyer's premium, applicable taxes and any shipping or other charges.