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What is a Buyer Premium and do all auctions have a Buyer Premium?

April 26, 2017auctions buyer Premium

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What is a Buyer Premium and do all auctions have a Buyer Premium?

1 Answer

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10 Posted

………. A. A Buyer Premium is a set percentage charged to the bidder based on the purchase price. Clients usually add a 10% Buyer Premium to a sale, which then adds 10% to your total bid price. Not all auctions have a Buyer’s Premium attached. Our website, and flyers specify these details in the specific auction information.