Buyers commission & VAT

BUYERS COMMISSION
A buyer pays on the hammer price a commission of 18% plus any applicable VAT. The VAT amount depends on the invoice address or the status of the seller. Once being logged on you will see on the item page your applicable  VAT calculation.
  • A buyer from outside the European Union pays, on top of the hammer price, a premium of 18 % on the first $35,700 / €30,000 and 10% on the excess is added to your bill.
  • A European buyer pays, on top of the hammer price, a premium of 21,8 % on the first € 30,000 and 12,1% on the excess. This amount is a combination of 18% buyer's commission and 21% VAT. For reclaiming VAT see below.


  • VAT  EXPLANATION AND REFUND
    If you have a verified account and you are logged on each item page shows the bid amount and the applicable buyer's commission and tax rate.
  • For buyers outside the EU, there is no VAT payable.
  • For EU buyers the buyer’s premium is calculated as 21.8% incl. VAT of the hammer price up to a value of € 30,000 and 12,1% on the excess.
    The buyer’s premium is invoiced on an inclusive basis according to the  Dutch margin scheme as in Art. 313 and Art. 333 guidance 2006/112/EG.
  • For EU professional buyers with a valid EU certificate, the buyer's premium is 18%

  • Some items have a special VAT status and will be subject to higher rates as follows:
    A : If the lot is imported from outside the EU and sold within the EU the buyer’s premium (special margin scheme) is calculated as 32.78% of the hammer price up to a value of € 30,000.
    For a lot that sells above € 30,000 the calculation is as follows: 32.78% of the hammer price up to a value of € 30,000 and 21.1 % of the hammer price in excess of € 30,001
  • If a Lot is sold outside the margin scheme it will have a special VAT status and will be subject to the following rate: 21% VAT applies to both the hammer price and the buyer’s premium. For each lot, the buyer’s premium is calculated as 42,8% of the hammer price up to a value of € 30,000.
    For each lot that sells above € 30,000 the buyer’s premium is calculated as 42.8% of the hammer price up to a value of € 30,000, plus 33.1% of any amount in excess of € 30,001
    21% VAT applies to all costs of shipments.

  •  The VAT on the hammer price is not applicable for European dealers with valid VAT registration.