Please Note: The Buyer's Premium for this auction is as follows:
The final bid (hammer) price of each lot will be subject to a buyer's premium.
For MOTOR VEHICLE property the premium is 12% on the first $250,000 of the bid price and 10% on any amount of the bid price exceeding $250,000. Buyers are required to pay any applicable import duty, sales or use tax, as the case may be.
For AUTOMOBILIA and other non-motor vehicle property, the premium is 25% on the first $250,000 of the bid price, 20% on the amount exceeding $250,000, up to and including $4,000,000, and 12.5% on any amount exceeding $4,000,000.
For the CHARITY lots 22 through 26, no buyer's premium will be charged.
All Automobiles are subject to a 6.35% Connecticut sales tax. An additional 1.40% sales tax rate is imposed on the full sales price (hammer and premium combined) of any automobile that costs more than $50,000.00. The sales tax is imposed unless you fall under one of two categories:
1. You are a licenced Automobile Dealer. You will be required to supply a copy of your dealer's licence and complete a Connecticut resale certificate.
2. You are an out of state resident. You will be required to complete Certificate-125 'Sales and Use tax Exemption for Motor Vehicle or Vessel Purchased by a Non-resident of Connecticut'. A copy of your driver's licence will also be required.
Please note: Credit cards may not be used to pay for motorcar purchases.