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  • As im not very good with numbers, can someone explain the fees behind buying a watch at auction?

    Many state there is a Free Registration: 30% and then a Flat Fee Registration: 26.4%. It then states these include internet surcharges and buyers premium.

    So does that mean, if you purchased a watch at £800, you'd add 30% on to that value, which is £1040, then you'd also add 26.4% to £800, which is £211 and combine that all together to reach a total of £1251??

  • Possibly with VAT too

  • Auctions can also be ‘sold as seen’ so if it’s an online and offline auction it’s worth checking.

    I know this after I bought a moody diamond at auction and had to go through a ton of hassle to get the money back!

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