Premium and Commission
Our current buyer's premium and seller's commission rates are detailed below.
Buyer's Premium
Our Buyer's Premium is 17.5% (plus VAT at 17.5%) for items up to £25,000 (which
is equivalent to a VAT inclusive rate of 20.562%); and then 12.5% (plus VAT at 17.5%)
thereafter (Which is equivalent to a VAT inclusive rate of 14.6875%).
If the item is bought over the Internet using our Live Bidding System then an addition
3% premium (plus VAT at 17.5%) is added (which is equivalent to an additional
VAT inclusive rate of 3.525%).
Seller's Commission
We charge 17.25% seller's commission. This rate includes VAT (at 17.5%).
