March 13th 2025
A lot of Honda but some Triumphs
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As itās not too far for us @Alfie I thought Iād have a look through at the āadditivesā for buying.
If Iām reading it correctly they have a 25% fee (with an extra 3% if bidding on line) to add to the hammer price. VAT is then added to the whole lot.
Am I right?
So, if I am, then say I buy at Ā£4,000 then they add 25% the total is then Ā£5,000 then they add VAT 20% the total payable is therefore Ā£6,000. Delivery would then be on top of that. Add 50% to the hammer then. Jeez.
Thereās only one Iād be bidding on if I go: Lot15 1960 T110 but itāll need to be a hammer price of a lot less than Ā£1,000 if Iām right about the add ons.
If the other estimates on the bikes are hammer prices Iād be better off buying privately on ebay. I canāt be right about the fees surely.
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Wow thatās some scary robbing costs. Canāt see them selling owt with those loadings.
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I was probably misled by the general terms and conditions on goods that are auctioned as thatās what they say as above. Why the link on their site took me there I donāt know but it will be putting people off from going.
It is probably these, that I found in another section of terms and conditions, that will be applied:
āMotor Vehicles: A buyerās premium of 12.5% plus VAT of the hammer price is payable on each vehicle lot
Lots on which Value Added Tax may be payable by the buyer on the āhammer priceā are indicated in the catalogue by a symbol beside the lot number.ā
Thatāll be 15% on top of the hammer price then. So Ā£4,000 hammer will be a total of Ā£4,600
If I was going (and Iām not now, so there) I would defo be clearing that up before I bid on anything.
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Iām still confused. They seem to make it up as they go along.
From their website
āSo, what do we charge? If you bid for a vehicle at one of our auctions, full charges are in our terms and conditions. But, to summarise, we will charge you the hammer price of the lot ā this is the number the auctioneer calls out before putting down his hammer or gavel. On top of this we charge you buyerās premium. At vehicle auctions for vehicles this is usually 12.5% of the hammer price, worth bearing in mind before you bid. We usually charge 15% for Automobilia and vehicle projects. On top of that we have to charge 20% VAT, but this is only on the premium, not the hammer price, so the premium and the VAT together are an extra 15% on top of the hammer price in total for vehicles. (If you are a VAT registered dealer you will know that you can chose to pay VAT on the total price, and that this is the only way you can claim the VAT back.)ā
The last one I visited appeared to be mainly internet bidding. Good fun to watch though.
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Its not much better if you are selling
Again, taken from their website.
"What we charge
All charges are as agreed before the auction.
Generally, apart from in exceptional circumstances, unless we have carried out another service for you such as clearance or collection, we would not expect to make a charge to you (apart from the entry fee) unless we are successful in selling something for you. We aim to offer an honest, reasonably priced service, getting the highest prices for your lots in an international market.
Full charges can be seen on your copy of the receipt, and in our terms and condition, but to summarise; (all charges plus VAT)
We charge 6% on the hammer price on motorbikes, and 15% for automobilia, and 1% loss and damage warranty. We also make a non-refundable charge of Ā£80 to enter each motorbike, all charges plus VAT."
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Results are in
My interest was Lot 15 - the T110 - hammer price was Ā£1000 plus the 18%??? takes final cost to Ā£1180 - might have been worth going but would I have got it for a Ā£1100 bid?
Some of the other lots seemed to sell pretty cheaply even with the add ons.
The 1958 speed twin hammer was Ā£1400 assuming it was let go for that.
Shame you didnāt get your new project dude
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No worries, thereās always another one around the corner. And, it seems, prices are falling due to there being a lack of oldies left that are interested in the 60s/70s British Iron.
This is true and is also being reflected in the prices of old cars too. Investors pushed the prices up and now demand is dropping for the reason you say, plus the economy is not doing well either.
There will always be a market for some particular bikes that were aspirational in their day, whatever the period, but the prices being asked for some run of the mill stuff was ridiculous and the auctions are now adjusting to reflect this, even in the Jap section.
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