An industry low 13.2% buyer’s premium (inclusive of G.S.T) is applicable on the hammer price for in room bidding. For on-line bidding the industry standard 22% (inclusive of G.S.T) is applicable. It will be clearly indicated, both in our catalogues and announced prior to the start of the auction, to remind prospective purchasers.
All privately entered items are exempt from the Australian Goods and Services Tax, which is charged at 10%. GST is generally only applicable at auctions where the items for sale are owned by a business, such as a corporate art collection. When GST is applicable, it will be clearly indicated in our catalogues.
We accept Visa, MasterCard, American Express and Diners. Cheques (with suitable identification) and cash are a payment alternative. Unless other arrangements are made with us, all payments must be finalised by the end of the auction day or during the business day immediately following. You can pay during the auction, however you will have to wait until completion of the auction before collecting your items. For on-line bidding, please avail yourself of our payment methods.
Self Managed Superannuation Funds
We are happy to provide assistance and advice for investment purchases for your self managed superannuation fund. Please contact us for more information.