What happens if I win an auction but cannot make the payment?

If you win an auction but are unable to make the payment, it is essential that you contact Sotheby's as soon as possible to discuss your situation. Failure to make the payment can result in serious consequences such as legal actions or being unable to participate in future auctions. Sotheby's may be able to provide assistance by offering alternative payment arrangements or reselling the item on your behalf, although additional fees may apply. However, it is important to note that non-payment is a breach of contract and can negatively impact your reputation as a buyer. It is strongly advised to carefully consider your financial ability to fulfill your bid commitments before participating in any auction.