03-12-2020, 04:40 PM
Joe, the buyer's premium of 18% applies to everyone, so you have to do what everyone else does and bid accordingly. You need to stop bidding at 85% of the maximum that you wish to pay, eg for a purchase price of no more than £5000, bid to a maximum of £4250 (£4250 + 18% BP = £5015). It's the seller who effectively ends up paying the Buyer's Premium.
As for the clearance, it might be worth a quick phone call to the auctioneers, they are often very flexible on these matters, especially in today's pandemic situation.
As for the clearance, it might be worth a quick phone call to the auctioneers, they are often very flexible on these matters, especially in today's pandemic situation.