Yes, wow!
I assume Holt's will loose a lot of revenue from EU clients as procedure for buying from Holt's are now more complex and really more expensive:
- I have bought a lot from Holt's until the Brexit happened; very good auction company and very easy import process then.
- Now that the UK has left the EU the import process will be burdensome in terms of additional paperwork required and really more expensive because of side costs. All items not originating from the EU will be charged with VAT when imported into the EU, and even for those imported from the EU before auction, they will be charged VAT once re-imported (unless rare cases where re-export country will be the same than import country) and buyer will have to claim VAT back from his government i.e. loads of paperwork and potential for headache.
The days of easy and cost palatable sales with Holt's are gone but by chance there are many other professional auction houses left in the EU!
Louis