Quote Originally Posted by oldie View Post
Apologies, should have more precise. I meant does anyone know who might be the owner sending the car to auction. Beyond that, I have bought items at antiques auctions, is it a similar process at a vehicle auction? E.g. VAT, buyer's premium etc.
Hope this helps?
http://www.brightwells.com/classic-m...on/how-to-buy/

Buyer’s premium & VAT

A buyer’s premium at the following rates will be added to the hammer price:

  • For Vehicles - 10%+VAT (e.g. on a hammer price of £10,000 you pay £1,000 premium + £200 VAT to give a total of £11,200, assuming a VAT
  • rate of 20%)