For all Sales categories, buyer’s premium excluding Cars, Motorbikes, Wine and Coin & Medal sales, will be as follows:
Buyer’s Premium Rates
27.5% on the first £2,500 of the hammer price;
25% of the hammer price of amounts in excess of £2,500 up to and including £300,000;
20% of the hammer price of amounts in excess of £300,000 up to and including £3,000,000;
and 13.9% of the hammer price of any amounts in excess of £3,000,000.
VAT at the current rate of 20% will be added to the Buyer’s Premium and charges excluding Artists Resale Right.