Buyers Premium: The purchaser shall pay the hammer price together with a premium of 20% of the hammer price on lots costing £500,000 and below. For lots costing over £500,000.01 Buyers Premium will be charged at 20% on the first £500,000 then at 15% on the excess. The premium attracts VAT at the standard rate and is payable by all purchasers.
HMRC have decreed that VAT on buyer's premium is always payable whether the buyer is domiciled in the UK, the EU or outside the EU or wherever the goods are to be sent. So auctioneers cannot refund VAT on buyer's premium if the goods are sold under normal VAT rules.
Please Note: All Gold, Silver, Jewellery, Watch and Bullion Lots must be paid for by Direct Bank Transfer, Credit Cards and Not Accepted on These Lots.
Please note that any lots purchased via the-saleroom.com live auction service will be subject to an additional 5% commission charge + VAT at the rate imposed on the hammer price.
Please note due to the high number of attempted fraudulent card transactions that we have experienced recently, we will no longer be accepting payment over the phone by credit or debit card for over £250.