Discussion
AMDBSVNick said:
RobDown said:
I think it's not quite so straightforward Nick (albeit I do agree the GT12 prices are overly optimistic).
This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Ah I see. Thanks for the clarification, Rob.This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Teach me to shoot from the hip whilst sat on a beach
RobDown said:
AMDBSVNick said:
RobDown said:
I think it's not quite so straightforward Nick (albeit I do agree the GT12 prices are overly optimistic).
This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Ah I see. Thanks for the clarification, Rob.This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Teach me to shoot from the hip whilst sat on a beach
RobDown said:
I think it's not quite so straightforward Nick (albeit I do agree the GT12 prices are overly optimistic).
This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Auctioneer stated that since the catalogue was printed the car was now being sold as 'previously registered in Germany'. If there was any mention of it being either VAT excluded or VAT qualifying, I missed it.This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Edited by RobDown on Saturday 13th May 17:37
Regardless, £300k + circa 15% of fees + VAT on the fees = the highest bidder would have ended up paying £350k
Bincenzo said:
RobDown said:
AMDBSVNick said:
RobDown said:
I think it's not quite so straightforward Nick (albeit I do agree the GT12 prices are overly optimistic).
This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Ah I see. Thanks for the clarification, Rob.This particular car was unregistered. So as the catalogue highlighted 20% VAT would have been payable by an EU buyer in addition to Bonhams premium (and of course it's LHD). So a £300k bid in reality would be more like a £400k OTR price (again for a LHD car). The low estimate of £350k would have made it considerably more expensive than any of the RHD cars on the market already
I can only think Bonhams were hoping for a wealthy Middle-Eastern purchaser to bid for it
Teach me to shoot from the hip whilst sat on a beach
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