Auction Rules updated

Following feedback from members who sell items in our Society Actions we have changed the Auction Rules in respect of Reserves on Lots that do not sell. Previously the seller would be charged a 15% commission with no upper limit. Now the same commission applies but there is a fixed upper limit of £10. We hope this will encourage sellers to enter more high-value Lots in our Society Auctions.

The Rules affected are : Meeting Action Rules 9.4 and 11.1, Postal Auction Rule 9.3 and On-line Auction Rules 9.3 and 11.1