I'm starting to negotiate over the price of a running MB which needs lots of work to make it original. Unfortunately the seller is aware of the Bonham's sale prices so we're about £13000 apart in terms of price. £13000 apart!
Somehow I don't think it will become mine.
Edit: I've just been looking at Bonham's fees and, if I've worked them out correctly, the seller would have received something like £13,500 for the Jeep after the extraction of the buyer's premium of 25%, seller's commission of 25% and a warranty fee of 1.5%.
I don't know if the £23,000 included the 20% VAT on the buyer's premium. If it did, that would have been another £900 or so out of the seller's pocket. Phew! Who'd sell at auction?
Maybe I'm back in with a chance. The MB that I'm looking at is nowhere near as tidy as the Bonham's one, nor does it have any history to speak of.