Hi, it was recently brought to my attention that we do not have a note (outside of our T&C’s) giving a clear picture of the charges you may pay buying Lots at Turner & Sons. So here is a brief rundown of how charges work -just to confuse you even more:-
All lots without exception attract a buyer’s premium -this is our charge and is 16.67% plus VAT = total 20% – (20p in £1)
This where it gets complicated –
As a general rule of thumb, the more modern electrical items which generally are the first half of the sale – are sold on behalf of a company that is VAT registered so we have to charge VAT on the sale of their goods -VAT in this country (the UK) is 20% so Lots that are sold on their behalf will have 40% on the hammer.
(Example – Lot 100 Television- Hammer £100 – Buyers Premium (20%) = £20 VAT (20%) = £20 – Total = £100 + BP £20 + VAT (20%) £20 = £140.00)
Non-VATABLE Lots which generally comprise the second part of our auction do not attract VAT (unless otherwise stated), these items tend to be furniture, collectables, antiques, etc so they only attract buyer’s premium (Example Lot 150 Sideboard £100 – Buyer’s premium (20%) = £20 – NO VAT – Total = £100 + BP £20 = £120)
Easyliveauctions which provide our online services – charge for their services – currently this gives you a choice of two types of registration.
Registration Type
1. FREE Registration – A further 3.60% on the hammer price of all lots you win over and above the auctioneers normal Buyers Premium
2. Flat Fee of £3.00 – This is taken now by Easy Live Auction. You will not be charged any further premium on lots you win over and above the auctioneers normal Buyers Premium. NOTE: This fee will be taken regardless of whether you bid on / win lots
Please note you will need to deal directly with Easylive for this service.
TIMED AUCTIONS
Turners charges on Timed are exactly the same – but Easylives charges alter – to
Registration Type
FREE Registration – A further 3.69% on the hammer price of all lots you win over and above the auctioneers normal Buyers Premium
(further premium on the hammer price of all lots you win over and above the auctioneers normal Buyers Premium.
Allows you unlimited use of our facilities throughout this sale to bid live, leave absentee bids with the auctioneer, place advance auto bids with us and set alarms. No upfront payment, however, if you bid live, you will be charged a further premium on the hammer price of all lots you win in this way over and above the auctioneers normal Buyers Premium. This additional premium will be charged to you after the sale by the auctioneer.)