1. Floor bidders: Any client who wants to bid in person must complete and sign a registration form and has to provide if asked identification. The floor bidder may ask any time during the auction for the billing. The invoice(s) can be paid in cash, with cash card or credit cards (a charge of 4 % will be applied). For payments exceeding € 5.000,- the client has according to bank regulations identify himself with A personal document.
2. Absentee bidders: the invoices will be ready shortly after the auction has ended. Well known clients receive the auction material along with the invoices; new clients, clients overseas and clients with backlog payments will receive the auction material upon receipt of payment. The invoices will be sent by post or e-mail. All clients who use online „My HDRauch“ can any time after the auction download the invoice and the results. (Payment).
As there are different tax rates a letter in front of the lot number marks the VAT rate.
D = Auctioneer’s Margin Scheme. To the hammer prices will be added 22 % in which are included the buyer’s premium and the VAT.
(example: hammer price: € 1.000,- + 22 % Margin Tax = € 1.220,- total sum without shipping costs)
B = Zero rate coins. Gold coins issued after 1800 and which had been or still are legal tender and investment gold coins are exempt from VAT. Valid is the annual list of the European Commission concerning gold coins not subject to VAT.
(example: hammer price € 1.000,- + 18,5 % buyer’s premium = total sum € 1.185,--)
V= 20 % VAT for all coins and medals in copper, bronze and other alloys.
(example: hammer price: € 1.000,-- + 18,5 % buyer’s premium + 20 % VAT = total sum € 1.422,-)
Export to buyers outside the European Common Market: The buyer’s premium is 18,5 % and there is no VAT to pay if we export the merchandise. Clients in good standing can take the auctions material themselves with the appropriate export papers which have to be returned to us cancelled by customs. Purchasers from abroad will have to observe all applicable laws and regulations in respect to foreign exchange, customs duties and taxation of their country.
Dealers in the European Common Market will receive goods free of VAT upon presenting their valid VAT ID number.