Does Taylor & Martin charge a buyer’s premium?
A. It is not Taylor & Martin’s intent to charge a buyer’s premium, but in some auction circumstances a buyer’s premium is required. Bankruptcy auctions are a common example of this circumstance. If a buyer’s premium is to be collected, it will be noted in the pre-auction flyer, the official auction catalog, and announced at the beginning of the auction. Otherwise, a three-fourths of one percent (0.75%) transaction fee will be charged to the buyer for all purchases.
A. It is not Taylor & Martin’s intent to charge a buyer’s premium, but in some auction circumstances a buyer’s premium is required. Bankruptcy auctions are a common example of this circumstance. If a buyer’s premium is to be collected, it will be noted in the pre-auction flyer, the official auction catalog, and announced at the beginning of the auction. Otherwise, a one percent (1.00%) transaction fee will be charged to the buyer for all purchases.
