Bidders are advised to carefully read through the Conditions of Business prior to participating in the auction. We invite you to contact us should you have any questions or view our FAQ page for further details.
BIDDER INFO
PAYMENT OPTIONS
Following a successful purchase at auction, bidders are advised that payment is due in full on or before 17:00 of Tuesday, 3 December. Payment is to be completed via wire transfer. The successful bidder will receive a copy of their bill of sale and instructions to remit payment via email.
ADDITIONAL FEES TO BE CONSIDERED
Buyer’s Premium
In addition to the final bid amount, a buyer’s premium is due on each lot purchased:
Cars:
15% (+5% VAT) on a hammer price up to $200,000
12.5% (+5% VAT) on any balance over $200,000
Motorcycles and Memorabilia:
20% (+5% VAT) on the total hammer price
Taxes/Import Duties
Buyers are responsible for any applicable duty and/or local taxes on any lots purchased. International bidders are advised to inform themselves of potential import duties that would be due upon the arrival of the lot to its final destination. You are advised to speak with your local representatives in advance of the sale to understand what these costs may be. Please note for any car entering the sale on a temporary import bond, an administrative fee of $900 + VAT will be applicable to oversee the customs entry formalities.
LOT REMOVAL/SHIPPING
All motor car and memorabilia lots will be removed to secure storage in Dubai operated by CARS Middle East immediately following the sale at a cost of $500 + VAT per car. Daily storage fees will commence from Friday, 6 December at a rate of $50 + VAT per day per car, as outlined in the Bidder’s Conditions of Business.
Buyers are required to make immediate arrangements for the collection and transport of purchased lots. It is the buyer’s responsibility to make their own arrangements, but RMS is pleased to offer our clients the services of the following companies for motor car shipping:
CARS Middle East
Contact - Ahmed Yaseen
Ahmed@carsmiddleeast.com
+971 (0) 4882 1334
INSURANCE
Please note: insurance is the sole responsibility of the buyer from the drop of the hammer.
ADMINISTRATION CONTACT