Winning and payment

When the auction closes with you as the highest bidder above reserve, your obligations kick in. The flow differs by auction mode — pay attention to which mode the lot was in.

Haubot Managed: 5 days, bank transfer to Haubot

1. Invoice issued. Haubot (or the named Haubot entity on the lot) issues an invoice to your registered business shortly after auction close. You'll receive it through the platform and email.
2. You bank-transfer the full amount within 5 calendar days. Use only the bank details on the official invoice — verify against the Haubot platform before sending. Haubot does not accept payments outside official channels.
3. Payment is recorded. Once funds land at the named entity and are reconciled, the platform marks payment received.
4. Release is coordinated. Haubot tells you when and where to collect, or arranges export documentation if applicable. Collection windows are stated on the lot page.
5. Your deposit releases automatically. No separate request needed.

If you miss the 5-day deadline, you go into buyer default: your deposit is forfeited and the lot can be re-offered. The seller's deposit is also released (it didn't depend on your payment) and the lot can re-enter the market.

Seller Managed: 7 + 7 days, off-platform, declare on Haubot

1. Contact the seller. Use the in-platform messenger or the contact details on the auction page. Confirm bank details, currency, exact amount and any logistics arrangements.
2. Pay the seller directly off-platform within 7 days. This is not through Haubot — funds move directly between your business and the seller's business.
3. Click "I have paid" on the auction page. This is the declaration step that starts the seller's confirmation window. Click it only when payment has actually been sent.
4. The seller has 7 days to confirm or deny receipt. If they confirm: sale completes, both deposits release, the success fee is settled with the seller.
5. If the seller doesn't respond, a 3-day grace window opens. After that, if there's still no response, the seller defaults: their deposit is forfeited and yours is released.
6. If the seller denies receipt, the case goes to dispute — see Disputes.

Don't click "I have paid" prematurely. Doing so before sending payment is a misuse of the declaration step and can lead to account restrictions.

Collection and storage (Haubot Managed)

Lots must be collected within the period stated on the lot page or auction confirmation. After that:

• Storage fees apply — typically EUR 15 per lot per day after the first 21 days from invoice. The exact rate is on the lot page if it differs.
• Release may be restricted until storage fees are paid.
• Prolonged failure to collect can result in resale, deposit forfeiture and account restriction.

For Seller Managed lots, collection terms are agreed directly between buyer and seller — Haubot doesn't manage the yard or set storage rates.

Risk, title and ownership

• Haubot Managed: title and risk transfer per the Haubot Managed Auction Terms and the transaction documents. Generally on release after payment has been recorded.
• Seller Managed: title and risk transfer per the seller-buyer agreement and applicable law. Haubot does not determine this.

For documents needed for registration, export, customs or insurance, see the lot page and the seller (SMA) or the Haubot release team (HMA).

What "Sold" means on the platform

The listing transitions to SOLD when:

• Haubot Managed: payment is received and reconciled.
• Seller Managed: the seller confirms receipt (or admin resolves a dispute in the buyer's favour).

Until then, the listing is in a post-auction state — Pending Payment, Awaiting Seller Confirmation, In Dispute, etc. Your buyer dashboard shows where the lot is.