grebb 50 Posted May 5, 2017 Report Share Posted May 5, 2017 Am l right in thinking that if selling at auction I'd pay 15-20% of final bid and the buyer wd pay a further 15-20% to them as well? Regards Grebb Quote Link to post Share on other sites
sussex 5,776 Posted May 5, 2017 Report Share Posted May 5, 2017 Your not far out grebb , sellers premium when I was putting brown furniture through our local auction house was at the time 12 1/2 % plus vat on premium , think that's at 15% now, if I remember right that was on items under £3 grand and that dropped to 10% on items over that . Buyers premium is around the 20% mark .. Quote Link to post Share on other sites
walshie 2,804 Posted May 5, 2017 Report Share Posted May 5, 2017 Yes and plus VAT on that too. Quote Link to post Share on other sites
Blackbriar 8,568 Posted May 5, 2017 Report Share Posted May 5, 2017 Your figures are about right, according to today's "Flog It !"..... Quote Link to post Share on other sites
bear-uk 17 Posted May 5, 2017 Report Share Posted May 5, 2017 I use the local auctions regularly. Here is an example of a recent sale. Gross total = £70 Vat commision = £17.40 Insurance =0 .70 Electrical testing =£4.00 Vat on charges =£0.94 Total charges =£23.04 Balance payable =£46.96 Quote Link to post Share on other sites
The one 8,397 Posted May 5, 2017 Report Share Posted May 5, 2017 As Walshie says theres a buyers and seller premium usually 15% plus vat Quote Link to post Share on other sites
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