Does the price realized for each lot include the buyers fee?
No. Prices realized are just the hammer prices achieved at an auction. As such, they don’t reflect any post-sale fees. Most firms charge a buyer’s fee, which can be a considerable cost to keep in mind when bidding in auctions. Currently, the buyer’s fee in many auctions is 15% of the hammer price, but this number can change and differs among auction houses. Also keep in mind that firms typically add bank, credit card, shipping, and insurance fees to your invoice. Check each firm’s Web site and carefully read their conditions of sale before bidding.
