well, it cost the buyer £44,850 including fees, so £5k less than private ads rather than £10k. Which might be about right the reduction for buying from auction?
Will
For some reason Bonhams and other auction houses never show the VAT on the buyers commission in the results (may be that if the trade buy at auction they possibly claim the VAT back). So the buyer paid £39,000 + 15% £5,850 + 20% VAT on the 15% £1,170 coming to a grand total of £46,020 which is a bargain considering Williams were trying to get £67,500 for it
