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Assuming VAT at 20% the total commission payable inclusive of VAT would therefore be 21% in addition to the hammer price.
Example, if the winning bid is £100 hammer price then the buyer will pay £121 total.
"Lot" means any item(s) consigned with the view to its or their sale at auction 1.7.
(4) rescind the sale of the unpaid lot and any other lots made to the Buyer and decline to accept bids from that Buyer or their agent at any future auctions.
TERMS AND CONDITIONS OF HAMPSTEAD AUCTIONS LIMITED GENERAL The following conditions together with such other terms, conditions and notices as may be set out in any relevant catalogue apply to all sales by Hampstead Auctions Limited at auction or to any retail sale.
Details of the Regulations are available at and further information as to how they may be obtained is available on request 2.
Payment and Collection; 2.1: All purchased lots must be paid for in full by cleared funds and collected on or before midday on the Saturday following the auction and shall until collection remain at the Buyers risk and expense. No goods may be removed under any circumstances until payment in full has been received.
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Unauthorized use including account sharing of Invaluable will result in permanent account cancellation.
(2) proceed against the Buyer for damages for breach of contract.
(3) apply any payments made to us from the Buyer to any sums owed to us from the Buyer without regard to any directions from the Buyer or their agent whether express or implied.
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