# Seller's commission

> 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.

- URL: https://www.selloff.auction/glossary/sellers-commission
- Language: English
- Also known as: Vendor's commission, Consignor's commission, Selling commission
- Last updated: 2026-10-07
- Français: https://www.selloff.auction/fr/glossaire/commission-vendeur.md

## Definition

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.

The seller's commission is negotiated with each consignor and depends on the value of the consignment, the type of objects and the relationship. It is deducted, together with any other agreed charges, on the [consignor settlement statement](https://www.selloff.auction/glossary/consignor-settlement.md).

In Selloff, the commission is part of the sales terms attached to each consignment, alongside a fixed fee per lot and insurance rates for sold and unsold lots. It can also be set lot by lot when needed, and a broker's share can be calculated from it.

## Related features

- [Consignor management](https://www.selloff.auction/features/consignor-management.md): Set commission, lot fees, insurance, broker and representative per consignment, group lots under receipts, and keep each consignor informed from one page.
- [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.

## 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.
- [Consignor settlement statement](https://www.selloff.auction/glossary/consignor-settlement.md): 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.
- [Consignment](https://www.selloff.auction/glossary/consignment.md): The act of entrusting objects to an auction house to be sold on the owner's behalf and, by extension, the group of lots entrusted by one consignor under the same terms. The consignor remains the owner until the sale.
- [Consignment broker (Business referrer)](https://www.selloff.auction/glossary/business-referrer.md): A person or company that introduces consignors to an auction house in return for a commission, usually a share of the seller's commission on the lots they bring in.