Buyers' Premium and Charges
Under the Buyer's Agreement, a premium (the Buyer's
Premium) is payable to us by the Buyer in accordance with the terms of the Buyer's Agreement and at rates set out below, calculated by reference to the Hammer Price and payable in addition to it. Storage charges and Expenses
are also payable by the Buyer as set out in the Buyer's Agreement
All the sums payable to us by the Buyer are subject to VAT
For this Sale the following rates of Buyer's Premium will be payable by Buyers of Lots:
For Motor Cars and Motorcycles the Buyer's Premium will be 15% on the first £50,000 of the Hammer Price of each Lot, and 12% on the balance thereafter.
For Automobilia the Buyer's Premium will be 25% on the first £50,000 of the Hammer Price, 20% from £50,001 to £1,000,000 of Hammer Price, and 12% on the balance thereafter.
Payment in advance: by cash, check with banker's card, credit card, bank draft or traveler's cheque.
Payment at collection: by credit or debit card.
VAT at the prevailing rate on Hammer Price and Buyer's Premium.
|*||Import low rate|
If purchased by a UK resident, this machine is subject to a NOVA declaration, undertaken by Bonhams upon a successful sale, to facilitate the registration of the machine here in the UK.
|◊||£25 + VAT uplift and storage at £5 + VAT per lot per day|
|◊◊||£50 + VAT uplift and storage at £10 + VAT per lot per day|
|||Exempt from tax|
Zero rated for VAT, no VAT will be added to the Hammer Price or the Buyer's Premium.
|AR||Artists Resale Right|
Goods subject to Artists Resale Right Additional Premium.
|Ω||Import high rate|
VAT on imported items at the prevailing rate on Hammer Price and Buyer's Premium.
|◊◊◊||Requires specialist shipping and storage at the buyer's expense|