The price you bid on the auction platform is subject to VAT and Buyer’s premium where relevant.

To determine the Buyer’s premium rate, you can click on the “Additional Fees” or “Additional fees apply” links on any lot.

Buyer’s premium is subject to VAT at the prevailing rate.


To clarify,

If you bid £100, a lot is subject to VAT and has a Buyer’s premium of 18% you will pay:

100 x 1.18%  = £118

Plus VAT on all

Total amount = £118 x 1.20% = £141.60


If you are registered for VAT, you will be able to recover the VAT on the hammer price and the Buyer’s Premium