Silverstone Auctions goes online
Silverstone Auctions has announced its first live online auction will take place on 23 May.
With all events being cancelled along with their sales at The Donington Historic Festival and the Sale of Ferraris because of Covid-19, a new format has enabled The May Live Auction to go ahead.
The team will be offering additional content on each of the lots being offered, including video and other imagery to show the cars in more detail and aid buyers with their decision.
Also, for this event only, the premiums paid for both the buyers and sellers has been reduced to 10% plus vat and four per cent plus vat respectively and buyers will be able to bid online as well as on the phone or by submitting a commission bid.
Depending on government guidance in the coming weeks, it may become possible to offer one to one viewing at a central location. Silverstone Auctions will continue to monitor the situation and will make a decision nearer to the auction.
