Buyers' Obligations
ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.
If you have any complaints or questions about the Conditions of Sale, please contact your nearest customer services team.
Buyers' Premium and Charges
Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium.
For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £500,000 of the final Hammer Price of each Lot, and 12% of the hammer price of any amounts in excess of £500,000. 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.