Terms & Conditions

CHARGES

“Seller”
means the person who offers the Lot for sale whether or not he is the true owner and shall include the Agent as well as the Principal.

“Seller’s Commission” means commission payable by the Seller.

“Stated Rates” means the usual rates of Commission, Entry Fees and any other charges for the time being plus the VAT chargeable on any of them.  The current rates are as follows:

Entry fee for motor cars, motorcycles and registration plates is £75 + VAT which includes catalogue entry.

COMMISSION RATES
Motor Cars

-       Commission                  10% + VAT (minimum £100 + VAT)
-       Buyers Premium           10% + VAT (minimum £100 + VAT)

Motorcycles
-       Commission                  10% + VAT (minimum £50 + VAT)
-       Buyers Premium           10% + VAT (minimum £50 + VAT)

Automobilia / Motobilia
-       Commission                  10% + VAT (minimum £5 + VAT)
-       Buyers Premium           10% + VAT (minimum £5 + VAT)

Registrations
-       Commission                  10% + VAT (minimum £50 + VAT)
-       Buyers Premium           10% + VAT (minimum £50 + VAT)

“Total Amount Due” means the Hammer Price in respect of the Lot sold plus the Buyer’s commission and additional charges and expenses due from a defaulting Buyer under these Conditions plus VAT chargeable on any of them expressed in £ sterling.

“Usual Charges” means the total of the Commissions, Entry Fees and any other reasonable costs and expenses plus VAT payable thereon.

“VAT” means UK Value Added Tax at the prevailing rate from time to time.

“Vehicles” includes, where appropriate, incomplete vehicles.

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