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- In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium.
en.wikipedia.org/wiki/Buyer's_premium
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What are buyers premiums in online auctions?
Why do auctions charge a buyers premium?
What is a buyer's premium?
How do auction fees work?
Can I avoid paying a buyers premium at an auction?
How do auctioneers charge buyers & sellers?
The answer is that they charge fees - commission - to the seller and to the buyer. All you as the buyer need to do is know what those auction fees are and then take those charges into account when you decide how much to bid. The auction fees to buyers are typically added on to the hammer price.
- What is Buyers' Premium? - thesaleroom
In the auctioneer world, the buyer’s premium is an...
- What is Buyers' Premium? - thesaleroom
Jul 22, 2024 · Auctioneers charge buyers and sellers a percentage of the hammer price - known respectively as the buyer's premium and the seller's premium (the latter is also referred to as vendor's premium, vendor's commission or seller's commission). This fee in the UK is usually also subject to VAT. Each auctioneer sets its own rates for these premiums.
In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium.
What are Bonhams' buyer's premium and other charges? Buyers will need to pay buyer's premium on top of the hammer price and possible other fees – please see details below for the relevant country and auction.
In the auctioneer world, the buyer’s premium is an additional charge that the winning bidder must pay on top of the hammer price—the winning bid for a lot. This fee is a percentage of the hammer price and is charged by the auctioneer to cover administrative and operational expenses.
Find out the full total of your bid using our Bid Calculator! Fellows recommend that all bidders and buyers read our terms and conditions and buyer’s premium. These are also available at the back of our catalogues....
Sep 26, 2024 · A buyers premium is an additional charge on top of the winning bid price at an auction. This fee is typically a percentage of the final bid and is paid by the buyer.
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