Bid Now, Pay Later

Bid Now, Pay Later is financing that can provide increased flexibility when making a purchase with Sotheby’s. It is ideal for anyone wishing to take advantage of an opportunity, while reducing out-of-pocket expense at the time of purchase.

As an example, a lot with a $2 million low estimate may be eligible for $1 million in financing with a one year-maturity and quarterly cost of $28,225, at an APR of 11.29%. The principal balance, plus any unpaid interest, is due on the maturity date.

Bid Now, Pay Later is offered by Sotheby’s Financial Services, with over three decades of art lending experience and expertise. It is also:

Broad-ranging: Available for pieces in any of 70 collecting categories.
Flexible: Keep pieces in a U.S. residence or an approved storage location.
Convenient: Seamless integration with the auction purchase process.
Simple: No personal financial information required.

1. Complete the form below to inquire about Bid Now, Pay Later.
2. Win an eligible item at auction.
3. Complete a borrower eligibility check. If eligible, review and execute the loan agreement.
4. Sotheby’s Financial Services and borrower fund applicable portions of purchase price and fees.
5. Borrower makes three quarterly interest payments.
6. Borrower makes a fourth and final payment of the remaining interest and principal.

To learn about other Sotheby’s Financial Services offerings, including Art Equity Loans and Consigner Advances please click here.