The Iconic Sale at Silverstone Festival 23rd - 25th August 2024
4 Please note – admission to the Auction Hall and Viewing Area is by catalogue only. Catalogues will be available to purchase at the auction for £20, each catalogue admits two. KEY SALE INFORMATION PAYMENTS All payments are due by 5pm on Monday 26th August 2024. Payment should be made by bank transfer where possible. Please note our bank account details: account name: Iconic Auctioneers Ltd, sort code 20-98-87, account number 30223379. Card payments can be made (in person only) as follows: debit card payments up to £20,000 and credit card up to £5,000. Cash payments are not permitted, and we do not accept AMEX. COLLECTION All vehicles must be removed from the venue between 9am and 2pm on Monday 26th August . Full payment must be received before any items are available to be released. A member of the administration team will contact you to confirm your transport plans after the auction. If we do not hear back from you by 9am on Monday 26th August, we will arrange for our transport partners to collect the vehicle on your behalf. Motor Cars: our Transport partner EM Rogers can assist with vehicle collection and delivery. Please contact them on +44 (0) 1604 755 511 or trafficdesk@emrogers.co.uk for a quote. Any cars not collected by 2pm on Monday 26th August will be taken to EM Rogers storage facility in Northampton for a fee of £175 + VAT. Storage will be charged at £10 plus VAT per day from the Monday onwards. Motorcyles: our transport partner Moving Motorcycles can assist with motorcycle collection and delivery. Please contact them on +44 (0) 1933 448 555 or you can obtain a quote via the link below. movingmotorcycles.co.uk/lp/iconic-auctioneers/ Any motorcycles not collected by 2pm on Monday 26th August will be taken to Moving Motorcycles storage facility in Northamptonshire for a fee of £125 plus VAT which includes three days storage. Storage will then be charged at £10 plus VAT per day from the Wednesday onwards. Automobilia: Automobilia can be collected from the auction hall on the day of the sale or on Monday morning between 9.30am and 12pm by prior arrangement. After this time, it can be collected from our offices in Warwickshire or shipped to you at your expense. VIEWING The Wing, Silverstone Circuit, Towcester NN12 8TN Friday 23rd August - 9am – 5:30pm Saturday 24th August - 9am – 5:30pm Sunday 25th August - 9am – 5:30pm AUCTIONS Friday 23rd August 2.30pm: Competition Car Sale Saturday 24th August 11am: Collectors’ Car Sale Sunday 25th August 11am: Motorcycle Sale 12pm: Legends In Time Retirement Sale 2pm: Automobilia Sale The auctioneer will aim to sell approximately 60 automobilia lots per hour and 25 vehicles per hour. DISCOUNTED FESTIVAL TICKETS To gain access to the auction, you will require a ticket to the Silverstone Festival. Admission to the event is not included in the price of the catalogue. Auction customers can get a 10% discount by using the following codes 2024ICAUC10 . Event tickets are available to purchase at: silverstone.co.uk/events/silverstone-festival/prices BUYER’S PREMIUM Like the majority of auction houses, Iconic Auctioneers charge a buyer’s premium. Our buyer’s premium charge for motor vehicles is 12.5% plus VAT (15% including VAT) on the first £300,000 of the hammer price and 10% plus VAT (12% including VAT) on the balance thereafter. Motorcycles are 15% plus VAT (18% including VAT). Automobilia is 20% plus VAT (24% including VAT) and number plates are 10% plus VAT (12% including VAT). VAT Some lots may be subject to UK VAT or import VAT on the hammer price and buyer’s premium. These lots will be clearly marked in the catalogue. All other lots will be sold using the Auctioneers Margin Scheme (VAT Notice 718/2). VAT will not be charged on the hammer price. The VAT on the buyer’s premium will not be split out on the invoice and cannot be reclaimed by UK VAT- registered businesses or individuals. Further duties and VAT may be applicable on exporting lots from the UK. It is the responsibility of the buyer to settle these charges.
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