Each final bid is subject to a Buyer's Premium. The premium is a percentage that is added to your winning bid and constitutes the purchase price. If the buyer's premium is 10% and you bid $100.00 for an item the total before sales tax is $110.00. Applicable sales taxes are computed on this figure and the total becomes your final invoice or purchase price. In this instance, the total invoice price with 6% Florida Sales tax would be $116.60.
A percentage of the final bid price that the buyer pays to the auction house. This is a fee charged by the auctioneer to assist with the costs of offering the items for sale. The buyer's premium is part of the purchase price of an item and is also subject to taxes.
The additional amount above the final bid amount (also known as hammer price) that is paid as part of the total purchase price (20%)
The buyer's premium, a common industry practice, is a 10% premium on the pre-tax total of all invoices.
An advertised percentage of the high bid or a flat fee, which is added to the high bid to determine the total price of the item or property.
an additional charge, usually expressed in the form of a percentage of the high bid, to the purchaser of the property.
A percentage of the lot hammer price payable by all buyers in addition to the hammer price. Consult the Terms & Conditions section of the website for complete details.
A percentage of the high bid added to the bid price to determine total amount paid for a particular item. If an auction contains a buyer's premium, it must be advertised as such.
An advertised percentage of the high bid or flat fee added to the high bid to determine the total contract price to be paid by the buyer.
Amount paid by the buyer to the auction house for every purchase in a live auction. This premium is usually a percentage of the final price of a lot. For example, if a bidder wins a lot at $1,000, they may have to pay an additional $100 (10% of the winning bid) to the auction house. You can find the buyer's premium percentages to be applied in an upcoming auction by visiting its catalog overview page.
Amount paid by the buyer to Morrell May 6 2006 (235) for every purchase in a live auction. This premium is a percentage of the final hammer price of a lot and will be added to the final hammer price to obtain final purchase price.
A fee paid by the buyer to Coys which is a percentage added on to the hammer price
