For all Sales categories, buyer's premium excluding Cars, Motorbikes, Wine, Whisky and Coin & Medal sales, will be as follows:
Buyer's Premium Rates
27.5% on the first £20,000 of the hammer price;
26% of the hammer price of amounts in excess of £20,000 up to and including £700,000;
20% of the hammer price of amounts in excess of £700,000 up to and including £4,500,000;
and 14.5% of the hammer price of any amounts in excess of £4,500,000.
VAT at the current rate of 20% will be added to the Buyer's Premium and charges excluding Artists Resale Right.