Are there any extra costs I should know about?

When purchasing items at auction, it’s important to be aware of potential extra costs, which can vary from one auction to another. To avoid surprises, always review these charges before registering to bid. You can find detailed information about additional fees on the lot page by clicking the question mark symbol next to 'additional fees'.

Here are some common extra costs you might encounter:

• Buyer’s Premium: This fee covers the auctioneer’s costs and is added to the final hammer price as a percentage. Make sure to factor this into your budget when bidding.

• VAT (Value Added Tax): VAT is usually applied only to the buyer's premium, but this can vary. It’s essential to check how the auctioneer is applying VAT by reviewing the 'Important Info' section on the lot page.

• Online Commission: If you purchase lots online, there is typically an additional charge of around 4.95% of the hammer price. This fee is specific to online transactions.

By understanding these potential costs and where to find the relevant information, you can make more informed decisions and avoid unexpected expenses when buying at auction.