At auctions people get carried away and forget about the buyers premium (tax etc)
From MST Conditions
5) Buyers Premium and VAT charges:
A buyers premium of 15% plus VAT will be charged on all lots, except Vehicles at 10% ... All lots in this sale will attract VAT at the current standard rate on the hammer price, unless specified as being entererd from a non-VAT registered vendor as indicated by nv on the item description, or as indicated in the catalogue. Vat will be charged at the current rate. A £200 refundable Deposit will be required to be lodged either by card or cash, by any person wishing to purchase vehicles.
So for us non reg VAT vendors add 30%, think about that whilst bidding !!!
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Took the Queens Shilling and disappeared for 23 Years !!