both the hammer price and the buyer's premium).
Is that these lots are liable to a reduced rate of VAT (5%) on the gross lot price The lot has been imported from outside the European Union and the present position VAT is due at 20% on importation into the UK. Within the European Union and is not operating the Dealers Margin Scheme or because This imposition of VAT is likely to be because the seller is registered for VAT (presently 20%) on the hammer price as well as being an element in the buyer's premium. (*) indicates that VAT is payable by the purchaser at the standard rate The Conditions of Sale oblige buyers to pay a buyer's premiumĪt 21% on the hammer price of each lot purchased. The sale and may be altered by announcement before the sale. Estimates do not include theīuyer’s Premium or VAT (where chargeable). The reserve price and certainly will not be below it. Estimates are designed to help buyers gauge what sort of sum mightīe involved for the purchase of a particular lot. Your primary contract is with the seller. As auctioneers we usually contract as agents for the seller whose identity,įor reasons of confidentiality, is not normally disclosed. Our staff will be happy to help you if there is anything
On our printed Conditions of Sale which are readily available for inspection and Particularly those inexperienced or new to our salerooms. The following informative notes are intended to assist Buyers, No visible maker's mark or serial number. Description: Pair of WWII German U-boat binoculars probably 7 x 50 by Leitz, with rubber eye piece protector covers and leather case stamped with Kriegsmarine mark to the lid and dated 1944, with leather strap.ġ - Excellent: A lot in excellent condition with no damage (this item could be used or new).Ģ - Good: A lot in good condition, possibly with slight wear commensurate with age or minor restoration.ģ - Fair/Good: A lot in fairly good condition but possibly with some wear, damage or restoration.Ĥ - Fair: A lot likely in need of some restoration or not in working order.ĥ - Poor: A lot with heavy wear or damage and not fit for purpose, in need of full restoration or to be broken for parts.Ĭondition Report:Both lens a little cloudy and dusty.
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