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Old 10-Oct-2005, 15:16
weeveetwin's Avatar
weeveetwin weeveetwin is offline
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Auctions - Anyone used them..?

Hi all...

Anyone ever bought a bike from one of the major auction houses? I've just received a reply to an e-mail, in which I asked for a written example of the costs involved - were I to be a successful bidder. I'm shocked at the 'extra dosh' I'd have to cough up over and above the hammer price!

Here it is reprinted below. They'd give anyone the same information, so I've altered nothing.

"Dear Sir,

Thank you very much for your enquiry. Buyers Premium is 15% + VAT. Eg:

Hammer price £15,000

Buyers Premium on £15,000 = £2,250

VAT on Buyer Premium @ £2,250 = £393.75

Total amount payable = £17,643.75

Hope this is of help! Do let me know if you have any other questions or if I can be of any further assistance.

Regards..."

Ben W
Collectors' Motorcycles
--
Bonhams, 101 New Bond Street, London, W1S 1SR
Tel: +44 (0)8700 273616 Fax: +44 (0)8700 273625
Website: www.bonhams.com/motorcycles

Crikey!! And they've got a Ducati 888 Corse up for auction soon. They're expecting BIG money too. (Think I'll stick to MCN!)
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