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% on any amount by which the Hammer Price exceeds £500,000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.
Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
27.5% on the first £10,000 of the hammer price;
25% of the hammer price of amounts in excess of £10,000 up to and including £450,000;
20% of the hammer price of amounts in excess of £450,000 up to and including £4,500,000;
and 14.5% of the hammer price of any amounts in excess of £4,500,000.
This applies to each lot purchased and is subject to VAT.
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.
