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Doncaster Sales Changes Currency To Sterling
Meanwhile, having made a start to their new sales complex, Doncaster Bloodstock Sales "has announced another structural change due to take place from January, when the company will conduct its sales in sterling rather than guineas" reports racingpost.co.uk. This is despite the fact that "the guinea, equal to £1.05, remains the traditional currency of sales in Britain, with the additional five pence equating to a buyers' commission of five per cent taken by the sales companies." In another interesting change due to be adopted, "from 2008, DBS will charge a vendor's commission of one and a half per cent of the hammer price, compared to five per cent at present, while a buyers' premium of six per cent will be added to the hammer price."