The Race Retro Live Online Auction 2021 27th-28th March 2021
www.silverstoneauctions.com 3 Key Sale Information VIEWING We are offering dedicated, one-to-one, virtual viewings of the cars that are of interest to you, from now through to 26th March. Viewings of the cars in person are only allowed by professionals and members of the trade. You are allowed to instruct a professional to carry out an inspection on your behalf with a confirmed secure appointment; please contact the member of staff listed on lot to arrange this. BUYER’S PREMIUM Like the majority of auctioneers, Silverstone Auctions charge a buyer’s premium. Our buyers premium charge is 12.5% +VAT (15% including VAT at 20%) on motor vehicles, 15% +VAT (18% including VAT at 20%) on automobilia and watches and 10% +VAT (12% including VAT) on number plates. VAT Some lots may be subject to VAT on the hammer and buyers premium and some may be subject to import VAT on the hammer only. These lots will be clearly marked in the catalogue. All other lots will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. The VAT on the buyers premium will not be split out on the invoice and cannot be reclaimed by UK VAT registered businesses or individuals. Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the buyer to settle these charges. ONLINE BIDDING Please note that online bidding incurs an additional surcharge of 1% plus VAT of the hammer price. PAYMENTS All payments are due by 5pm on Monday 29th March 2021. Payment should be made by bank transfer to the following account: Silverstone Auctions Ltd client account, sort code 40-51-62, account number 15541813. Payments made by bank transfer over the weekend will not show in our bank account until the Monday morning. Cash and card payments are not permitted. COLLECTION Full payment must be received before any item is available to be released. Vehicles can be collected from Stoneleigh Park from Monday 29th until Wednesday 31st March under the ‘click and collect’ guidance. Please contact the office on 01926 691141 and speak to a member of the admin team to arrange a collection time. Our transport partners, EM Rogers, can assist with collection and delivery. Please contact them on 01604 755511 or firstname.lastname@example.org for a quote. Any motor vehicles not collected by 1pm on Wednesday 31st March will be taken to our transport partners storage facility for a fee of £150 plus VAT. Storage will be charged at £10 plus VAT per day from Thursday 1st April onwards. INSURANCE Please remember, once the hammer falls, the risk of the lot passes to you. You may wish to speak to our insurance partner, Peter James Insurance, who can get great value, comprehensive cover arranged for you instantly by contacting them on 0121 506 6040.