Auction Buyer's Guide
Everything you need to know about buying with Iconic Auctioneers
Before the auction
Bidding in the room
Telephone bidding
Commission bidding
Online bidding
Buyer’s premium:
Like the majority of auction houses, Iconic Auctioneers charge what is known as a buyer's premium on the hammer price.
Our buyer's premium charge for items sold at a Live Auction:
- Motor cars: 12.5% plus VAT (15% including VAT) on the first £300,000 of the hammer price and 10% plus VAT (12% including VAT) on the balance thereafter
- Motorcycles: 15% plus VAT (18% including VAT)
- Registration numbers: 10% plus VAT (12% including VAT)
- Automobilia, watches and lifestyle items: 20% plus VAT (24% including VAT)
Our buyer's fee for items sold in a Timed Online Auction:
- Motor cars: 6% plus VAT (7.2% including VAT) subject to a minimum fee of £600 plus VAT (£720 including VAT)
- Motorcycles: 6% plus VAT (7.2% including VAT) subject to a minimum fee of £350 plus VAT (£420 including VAT)
- Registration numbers: 10% plus VAT (12% including VAT)
- Automobilia, watches and lifestyle items: 15% plus VAT (24% including VAT)
Finance:
Did you know that you may be able to finance your upcoming auction purchase? Our exclusive finance partner Apollo Capital are able to organise fast pre-approval for car funding on the latest interest rates and terms, (minimum £50,000 lend). An agreement in principle could see you arrange a finance package so the funds are ready to be paid out when you’ve bought your dream auction purchase. Please speak to their experts for a quote on +44 (0) 1423 590 242 or visit apollocapitalgroup.co.uk/iconicauctioneers/.
During the auction
Frequently Asked Questions
The FAQ section at the bottom of this page provides additional information but should you require specific information or have a question in relation to one of our forthcoming sales - please do not hesitate to contact us by phone +44 (0) 1926 691 141 or email enquiries@iconicauctioneers.com or visit our Contact Page.
Terms and conditions
This guide should be read in conjunction with our full terms and conditions.