When are the auctions happening and what do they really cost?

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010

I've seen comments on here at different times about auctions. Can anyone tell me when they are. I've seen the web page for Amanda's but it's out of date. How often do they happen? And, is there another one at the other end of town too?



Oh, and, have I read right - whatever you bid on, you need to expect something like 26% to be added on top of your bill in taxes? Just seemed a bit steep!!

minertor



Joined: 14/02/2009
Posts: 1238

Message Posted:
18/01/2010 08:43

Hi Pippie, Amandas usually takes place every other Sunday. Viewing Fri. & Sat. Brochures 3tl. If you are buying, 15% commission is added to the hammer price, even if you don't want the hammer. (before anyone else asks) If you are selling, 15% commission is deducted from the amount bid. Prices in sterling.

At Lambousa, the auctions aren't as regular. Sometimes they are spread over 2 days, Sat & Sun. There is no commission payable by buyers, the hammer price is the full price. Almost all goods have a stated reserve and priced in TL. Brochures are 3tl and viewing is usually Sat



Tony

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010 08:56

Many thanks Tony.

I've guessed then that Amanda's will be in a couple of weeks time. Anyone know when the next one is happening at Lambousa - does it get advertised?

Thanks.

japeal



Joined: 12/09/2008
Posts: 1052

Message Posted:
18/01/2010 08:59

Tony,



what is the sellers' commision at Lambousa



John

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010 09:12

Just checked Amanda's website and the next one is on 31st.

Whistler


Joined: 28/07/2008
Posts: 1332

Message Posted:
18/01/2010 09:17

Dont forget to add kdv on top of hammer charge (not sure how much it is) at Amanda`s, but not at Lambousa.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010 09:56

The website says 13.5% on top of hammer charge + 16% of hammer charge is KDV. That amounts to 15.6%. I read it wrong when I first wrote my query - re-read it this morning now I'm more awake!!

BeeBop


Joined: 16/05/2009
Posts: 70

Message Posted:
18/01/2010 10:09

In reply to these queries, Amanda's charges 14% hammer charge plus 16% KDV purely on the hammer when one is buying, vendors pay 15% which includes the KDV. The government collect KDV from every registered company which is why Amanda's charge it. The tax office have stated that there is no KDV charged on 2nd hand goods but all registered Auctions conducting business in the TRNC have to charge KDV on a commission which also has to be charged by law !

dozza67


Joined: 11/07/2008
Posts: 607

Message Posted:
18/01/2010 10:35

just spoken to Ian and the next auction is on 30th and 31st of this month.

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010 12:19

Dozza, is that for the auction at Lambousa? Is so, where will it be, and what time - is that at Chateau Lambousa (don't know that area).

minertor



Joined: 14/02/2009
Posts: 1238

Message Posted:
18/01/2010 14:19

John, never sold anything at Lambousa, only bought so not sure of hammer charge.

Beebop, I know Amandas is 14% plus vat on the commission, said 15% as seemed easier.

Pippie, Lambousa auction is downstairs at Chateau Lambousa, lots are much easier to inspect than Amandas (Adolfs) Two day sale usually lots 1 to 125 Sat and 126 up Sun.

Amandas 10-00am start

Lambousa 11-00 approx.



Tony

Pippie


Joined: 02/12/2009
Posts: 1288

Message Posted:
18/01/2010 14:52

Thanks Tony, I'll be there next time to check things out. Sounds like fun.