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Geoff Fowler - Artist

Author Topic: Players finally shuts its doors  (Read 452 times)

MansfieldTerrier

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Players finally shuts its doors
« on: May 28, 2017, 09:06:51 AM »
Good, if sad, little read.
Absolutely superlative artwork which will fetch thousands at auction!

BBC link

MT ;)
   

IanSammel

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Re: Players finally shuts its doors
« Reply #1 on: May 28, 2017, 06:05:34 PM »
Yes, fantastic artwork.  Let's hope all the pictures go to good homes.  Anyone on the forum going to be bidding?  Looks like you can even do it online.

As for people not being aware of the dangers of smoking before WW2, I don't think that's at all true. 
http://www.americanscientist.org/bookshelf/pub/a-breathtaking-study-of-the-real-antismoking-nazis
It's just that in those days we didn't have a nanny state like we do now.
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Cedric1812

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Re: Players finally shuts its doors
« Reply #2 on: June 01, 2017, 02:52:36 PM »
Contacted them to just check the auction fees. It's 20% buyers premium + 20% VAT so the example I was given was 'if you bid 100 you'll be invoiced 144'.

Perhaps I'm too used to normal card auctions and local auction houses but I've never had c.44% lumped onto the hammer price!?
Always interested in buying rare bird cards

IanSammel

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Re: Players finally shuts its doors
« Reply #3 on: June 01, 2017, 03:37:36 PM »
Does seem to be a bit of a rip-off.  I suppose you just have to stop bidding at 69 if you only want to pay 100.  Ultimately the seller pays anyway.  If not through seller premiums then through the buyer bidding less.
« Last Edit: June 01, 2017, 03:39:43 PM by IanSammel »
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MansfieldTerrier

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Re: Players finally shuts its doors
« Reply #4 on: June 01, 2017, 04:39:41 PM »
Contacted them to just check the auction fees. It's 20% buyers premium + 20% VAT so the example I was given was 'if you bid 100 you'll be invoiced 144'.

Perhaps I'm too used to normal card auctions and local auction houses but I've never had c.44% lumped onto the hammer price!?
That's not quite right, I believe ...
I was recently at Tim Davidson's Auction in Nottingham and, yes, the Buyer's Premium was 20% and so was the VAT.
But the difference is that the 20% VAT was only payable on the Buyer's Premium; thus, a 100 buy would cost an extra 20 and then another 4, bringing up a total of 124, not 144.
Certainly that is the case with paper and card items which carry no VAT. I'm not entirely sure that it's the same with the posters, but I would expect it to be.

MT ;)
   

wandererpaul

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Re: Players finally shuts its doors
« Reply #5 on: June 01, 2017, 05:09:50 PM »
VAT is only payable on the premium, not the hammer price.

So as MT says, a 100 hammer price means you pay 124.
Not Forgotten; W.Allwright,H.Gould,J.Greechan,P.Hagan,G.Kennedy,G.Littler,H.Purver,H.Robotham,P.Saunders,R.Shields,A.Walker

Cedric1812

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Re: Players finally shuts its doors
« Reply #6 on: June 01, 2017, 10:12:39 PM »
Hi guys,

That was what I'm used to (Tim, Gary Arkell etc are all like that)- VAT on the buyer's premium but it is genuinely over 40% in this case. I double checked their website and they used the same 100 example saying you have 20% buyer's premium then 20% on the hammer price.

I'll quote from the registration message I had:

'AUCTION CHARGES: Bids will incur the Addition of VAT (20%) unless specified otherwise, with further addition of Buyer Premium (20%) plus VAT (20%) - e.g. a 100.00 bid = 144.00 invoice'

So it's a triple whammy of charges!!!

I checked with a tax friend of mine and apparently they aren't operating under the standard auctioneers' margin scheme (apologies for any accountants reading this and cringing!). Most commercial auctioneers sell under normal VAT rules because the Auctioneers' Margin Scheme can't be used where the goods have had VAT on their purchase reclaimed from HMRC - as is almost always the case when auctioning goods previously bought by VAT registered businesses.

If there any tax accountants on the forum I apologise but the bottom line is - double check your bids with this particular auction house before you go aggressively for something!

Cheers,
Sam
« Last Edit: June 02, 2017, 04:46:09 PM by Cedric1812 »
Always interested in buying rare bird cards

IanSammel

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Re: Players finally shuts its doors
« Reply #7 on: June 02, 2017, 07:48:44 AM »
They get an average one-star (!) rating on trust pilot.  That's from 168 reviews so it's seems to be a common opinion, not just one or two exceptions.  Quite a few of them confirm the rip-off fees. 
https://www.trustpilot.com/review/www.johnpye.co.uk
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MansfieldTerrier

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Re: Players finally shuts its doors
« Reply #8 on: June 02, 2017, 08:30:23 AM »
That's disgusting.
Thanks for alerting potential bidders, Sam.
I certainly won't be one of them.

MT ;)
   

 

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