Buyer's Premium
Please make sure you understand how much you will need to pay in addition to the hammer price of your lot. Contact us if you need any further information or advice and we will be happy to help.
Commission Charges
You will pay a premium of 18.5 per cent plus VAT (for Catalogue Sales), 17.5 per cent plus VAT (for Specialist and Collector's Sales) and 16 per cent plus VAT (for all other sales) of the hammer price of your purchase on each lot.
VAT
Please check to find out if you will have to pay VAT on the hammer price of your lot.
Auctioneer’s Margin Scheme
This scheme allows auctioneers to sell items without VAT on the hammer price. You will then pay an amount equivalent to VAT. This amount cannot be refunded and is not shown separately on your invoice.
Royalty Payments
If you buy a work of art by a living artist which costs more than the UK sterling equivalent of €1,000 you will have to pay a royalty charge. We pass this payment onto the Design and Artists Copyright Society (DACS), and do not charge a handling fee. You can
calculate royalty charges on the DACS website
.
Items marked with the
√
symbol
in the catalogue will potentially attract royalty payments.
VAT Rates
VAT is charged at the rate applicable on the day of the sale.
Euro Exchange Rate
We use the Euro to UK sterling exchange rate which applies on the day of the sale.