BUYERS' PREMIUM AND CHARGES
Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
25% up to £175,000 of hammer price,
20% from £175,001 to £3,000,000 of hammer price,
and 12.5% on the balance thereafter. This applies to each lot purchased and is subject to VAT.
For Motor Cars and Vehicle Registration Numbers a 15% Buyer's Premium is payable on the first £500,000 of the Hammer Price of each Lot, and 12% on the balance thereafter. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.
Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalogue.