For all Sales categories, buyer's premium excluding Cars, Motorbikes, Wine, Whisky and Coin & Medal sales, will be as follows:
Buyer's Premium Rates
30% on the first £25,000 of the hammer price;
28% of the hammer price of amounts in excess of £25,000 up to and including £500,000;
25% of the hammer price of amounts in excess of £500,000 up to and including £1,000,000;
21% of the hammer price of amounts in excess of £1,000,000 up to and including £5,000,000;
and 14% of the hammer price of any amounts in excess of £5,000,000.
A 3rd party bidding platform fee of 4% of the Hammer Price for Buyers using the following bidding platforms will be added to the invoices of successful Buyers – Invaluable; Live Auctioneers; The Saleroom; Lot-tissimo.
VAT at the current rate of 20% will be added to the Buyer's Premium and charges excluding Artists Resale Right.