both the hammer price and the buyer's premium). The double symbol (**) indicates that the lot has been imported from outside the European Union and the present position is that these lots are liable to a reduced rate of VAT (5%) on the gross lot price (i.e.
This imposition of VAT is likely to be because the seller is registered for VAT within the European Union and is not operating the Dealers Margin Scheme or because VAT is due at 20% on importation into the UK. (†) indicates that VAT is payable by the purchaser at the standard rate (presently 20%) on the hammer price as well as being an element in the buyer's premium. All purchases made online via will be subject to a 3% plus VAT supplementary fee based on the hammer price. VAT is included in this premium (see below). The Conditions of Sale oblige buyers to pay a buyer's premium at 28.8% on the hammer price of each lot purchased. Estimates are prepared some time before the sale and may be altered by announcement before the sale. Estimates do not include the Buyer's Premium or VAT (where chargeable).
The lower estimate may represent the reserve price and certainly will not be below it. Accordingly if you buy your primary contract is with the seller.Įstimates are designed to help buyers gauge what sort of sum might be involved for the purchase of a particular lot. Our staff will be happy to help you if there is anything you do not fully understand.Īs auctioneers we usually contract as agents for the seller whose identity, for reasons of confidentiality, is not normally disclosed. All sales are conducted on our printed Conditions of Sale which are readily available for inspection and normally accompany catalogues.
The following informative notes are intended to assist Buyers, particularly those inexperienced or new to our salerooms. Total on is therefore an additional 32.4% inclusive of VAT. Any queries relating to purchases must be completed within 10 working days of the sale.Įwbanks do not ship from this saleroom, for a delivery quote please contact us for details of our recommended shippers, you are welcome to arrange your own packing and shipping arrangements.Īll purchases made online via will be subject to a 3% plus VAT supplementary fee based on the hammer price in addition to in-house buyers premuim of 28.8% inclusive of VAT. There is a surcharge of 2.5% plus 20% VAT on credit cards. FOR BANK TRANSFERS CONTACT US FOR OUR BANK DETAILS AFTER SECURING YOUR PURCHASE. INTERNET BIDDERS MUST MAKE PAYMENT WITHIN 5 WORKING DAYS BY DEBIT OR CREDIT CARD OR BY BANK TRANSFER. You should contact the shippers in advance of the sale and not leave it until you have purchased your lot(s). The auctioneers do not ship direct themselves. Please note shipping is more expensive in the UK than in USA and buyers should be aware that it may not be economic to purchase low value lots for shipping abroad.
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