spec RV8 at H&H auction
An exceptionally low mileage, UK spec RV8 in a rare cplour. Le Mans
Green is up for auction at the Imperial War Museum Duxford on Wednesday
18th March 2020.
This RV8 has been registered with the V8 Register since the 1990s.
MGV8 Price Guide update
Last update to the end of October 2019 released early in November.
Our next market review and guide will be out in early May 2020. More
Buying a selling advice on the buyinganmg.com website
It's a website packed with useful information and advice.
What are the
auction costs for biuyer and seller?
Buyer's commission is 15% including VAT on the hammer price.
commission is 5% including VAT on the hammer price.
Check whether commission rates include VAT or are net of VAT
Some classic car auction companies display their buyers commission
rates (sometimes called buyers premium) as a percentage of the hammer
price plus VAT, whereas other companies like H&H display
rates including VAT. So comparing the rates at a glance can
be confusing. In addition often the "sold price"
shown on their listing for each car following the auction is shown
net of VAT which can also confuse people too.
RV8 sale at Duxford - the total paid by the buyer and net proceeds
received by the seller are alongside.
UK spec RV8 in Le Mans Green
H&H Auction - 18th March 2020 at 13.00
Estimate: £23,000 to £27,000
Imperial War Museum Duxford
Le Mans Green 0381, UK spec with Stone Beige leather upholstery,
only 4,865 miles, recently in dry storage, registration L3 MGR
and family owned. Offered with history file, owner's books,
tools and an MOT to November 2020. Guide price £23,000
to £27,000 plus 15.0% buyer's commission and VAT.
Listing & particulars
Guide price £23,000 to £27,000 plus
Price paid by the buyer will include a buyer's commission
at 15.0% and VAT
Estimate totals: £27,140 to £31,860
News update from H&H
As the Imperial War Museum at Duxford will be closed on Thursday
18th March to the general public, H&H say "our auction
will still be going ahead as planned but it will not be possible
to come to the venue and bid in person. You will be able
to bid online or via the telephone". More
The auctioneer took
bids from bidders online, on the telephone and from a few people
in a pub near Duxford where they had been relocated because
of the COVID-19 measures.
Note: H&H quote their buyers and sellers commission
rates as including VAT. The sale price reported on the
listing for the RV8 on the H&H website is £24,750
which is the total less the VAT paid by the buyer - slightly
How did the
£16,000 - bidding opened
final bid was provisional but later it was confirmed it had
sold for £22,000. With the buyer's commission at 15%
including VAT the buyer would usually pay £25,300
and the seller would receive £20,900.