Buyer's Premium
This is the cost the auction house charge for their services, it varies from auction house to auction house. Usually VAT is added on to the buyers premium but is sometimes it is included, this will be made clear in the 'Auction Info' area, the lot page and the auction house terms and conditions.
VAT
In addition to the VAT on the Buyer's Premium, you may also be charged VAT on the hammer price as well. This tends to be for brand new goods or special items that require it.
Internet Surcharge
- Free Registration - If you choose this option you will also pay 3% of the hammer price for bidding online. This charge will be included in the invoice you receive from the auction house and will also have VAT added to it if the auction house is VAT registered.
- Flat Fee - If this option is selected you will pay a flat fee including VAT for the online bidding service, this is paid to Easy Live Auction regardless of whether you bid and is taken directly from your registered payment card.
ARR - Artists Resale Rights are applicable to some works of art valued over £1000. Click here to find out more.
All this information is visible in the auction info on each auction catalogue, and on the lot page. Every auction house and lot is different so we highly recommend that you view each lot you wish to bid on so you are aware of the additional cost that are added, and if you are still unsure contact the auction house.