Category: Buyer’s Premium

What Is a Buyer’s Premium? A Detailed Guide

Jul 17, 2023 in | 0 comments

Let’s start with the Buyer’s premium definition. Buyer’s premium is a term commonly used in the auction industry to refer to an additional fee or percentage that buyers are required to pay on top of the final hammer price of an item. It is essentially a surcharge added to the purchase price and is typically […]

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