Silverstone 11th International Trophy Meeting poster, 2nd May 1959,

Buyers' Premium and Charges
Like the vast majority of auctioneers Bonhams charge what is known as a Buyer's Premium. Buyer's Premium on all Automobilia lots will adhere to Bonhams group policy:
27.5% up to £20,000 of hammer price,
26% from £20,001 to £700,000 of hammer price,
20% from £700,001 to £4,000,000 of hammer price,
13.90% on the balance thereafter. This applies to each lot purchased and is subject to VAT.

For Motor Cars and Motorcycles a 15% Buyer's Premium is payable on the first £50,000 of the final Hammer Price of each Lot, and 12% on any amount by which the Hammer Price exceeds £50,000. VAT at the standard rate is payable on the Premium by all Buyers, unless otherwise stated.

Some lots may be subject to VAT on the Hammer Price. These lots will be clearly marked with the relevant symbol printed beside the lot number in the catalogue.

ALL BIDDERS MUST AGREE THAT THEY HAVE READ AND UNDERSTOOD BONHAMS' CONDITIONS OF SALE AND AGREE TO BE BOUND BY THEM, AND AGREE TO PAY THE BUYER'S PREMIUM AND ANY OTHER CHARGES MENTIONED IN THE NOTICE TO BIDDERS. THIS AFFECTS THE BIDDERS LEGAL RIGHTS.

If you have any questions about the Conditions of Sale, please contact your nearest client services team.

For payment information please refer to the sale catalog.

Please Note the Automobilia department do not ship out purchased lots, please contact them to be advised of recommended shippers.

All lots not collected at the sale will be charged an Uplift fee as the lots are taken back to storage in Guildford.

All lots marks with 3 diamonds that remain uncollected after the sale are taken to a storage facility in Guildford, separate to the Bonhams Guildford office.

Lot Symbols

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EXEMPT FROM VAT
Zero rated for VAT, no VAT will be added to the Hammer Price or the Buyer's Premium.

IMPORT LOW RATE
VAT on imported items at a preferential rate of 5% on Hammer Price and the prevailing rate on Buyer's Premium.

AR
ARTISTS RESALE RIGHT
Goods subject to Artists Resale Right Additional Premium.

N
NOVA DECLARATION
MOTORCYCLES If purchased by a UK resident, this machine is subject to a NOVA declaration, whilst the responsibility of submitting the NOVA rests with the Buyer to do so, Bonhams will facilitate the process by engaging an agent (SHIPPIO) to undertake the NOVA and C88 (customs) application if applicable on the Buyer's behalf. A fee of £125 + VAT to do so will be added to the Buyer's invoice.CARSIf purchased by a UK resident, this machine is subject to a NOVA declaration, whilst the responsibility of submitting the NOVA rests with the Buyer to do so, Bonhams will facilitate the process by engaging an agent (CARS) to undertake the NOVA on the Buyer's behalf. A fee of £250 + VAT to do so will be added to the Buyer's invoice.

Ω
IMPORT HIGH RATE
VAT on imported items at the prevailing rate on Hammer Price and Buyer's Premium.

AUTOMOBILIA
All lots will be charged £10 + VAT Uplift and storage at £1 + VAT per day per lot.

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UPLIFT AND STORAGE CHARGES
£25 + VAT uplift and storage at £5 + VAT per lot per day.

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UPLIFT AND STORAGE CHARGES
£50 + VAT uplift and storage at £10 + VAT per lot per day

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SPECIALIST SHIPPING AND STORAGE
All lots marked with 3 diamonds will require specific shipping and storage arrangements, as they are either extremely heavy or large items, they will be removed by Autofreight Ltd, who provide independent uplift and storage services for larger lots. There are charges for this service and for storage in their warehouse in Guildford, Surrey, at the buyers expense.
Please contact John Wood, Autofreight Ltd, by phone 01483 222256, or email [email protected] for further information, details of costs and charges or to arrange collection from GU3 3HD.

Shippers or Agents wishing to collect on behalf of the purchaser must provide written instruction from the client before Bonhams will release the lot(s). All purchases are at Buyers risk from the fall of the hammer.