Sotheby's Financial Services

Pay for your Purchases Over Time with Bid Now Pay Later

By Sotheby's

Sotheby’s Financial Services is excited to offer eligible clients the opportunity to pay for their art and collectibles purchases over time with Bid Now Pay Later.

Eligible clients experience the flexibility to pay only 50% of hammer price, plus Sotheby's premiums, at transaction close and are empowered to fund the remaining portion of the purchase over 12 monthly installments. †


To better understand Bid Now Pay Later, please review the below example assuming a $1 million hammer price purchase made in the United States of America.

Without Bid Now Pay Later With Bid Now Pay Later
• Pay the entire $1.23 million purchase price on the date agreed with the seller • Pay 50% of hammer price, plus Sotheby's premiums, on the date agreed with the seller †
• Use Bid Now Pay Later to fund the remaining portion of the purchase over 12 monthly installments ‡


† Bid Now Pay Later is available for all purchases in excess of a $400,000 hammer price. Funding amount is based on 50% of hammer price, subject to a maximum of 60% of the low auction estimate.

‡ Annual Percentage Rate of 7.032% based on a 5.0% interest rate plus the 3-Month LIBOR rate and other applicable fees. APR may change over the Bid Now Pay Later term dependent on 3-Month LIBOR.




To learn more about how Bid Now Pay Later can empower you with flexibility to fund purchases, please complete the form below.

 Inquire About Financing


Disclaimer and Footnotes

* This is not a commitment to lend, and financing products are subject to an eligibility check and may not be available in all locations.This summary is for informational purposes only, and terms and conditions may change at SFS’s sole discretion. Interested Sotheby’s clients should ensure that they fully understand the terms and conditions of any financing product before borrowing. Financing is subject to customary representations, warranties, terms and conditions including but not limited to the following conditions prior to funding: execution of definitive loan and security agreement by the parties, completion of all due diligence with respect to the borrower including relevant borrower ID and documentation, receipt of insurance certificate evidencing all-risk coverage over all collateral and naming SFS as sole loss payee and additional insured, and filing of applicable financing statements. The financing program described above is a secured loan facility. Purchasers who take advantage of this financing program agree that Sotheby’s or one of its affiliates may sell the collateral artwork if the loan is in default, for which Sotheby’s may earn customary auction house fees and commissions. Please contact Eliza.Cuddy@sothebys.com for full details.

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