Buyers Premium

Buyers Premium Definition:

A Buyer’s Premium is an additional fee paid by the buyer/winning bidder at an auction.  Normally the fee is  a  percentage (10 – 20%) added onto of the final bid price. Be sure to take these additional monies into account when placing an auction bid.

As an example, a winning bid is $100., auction house charges a 15% buyers premium, buyer will owe $115. plus any applicable taxes and/or shipping charges.

We charge a 10% Buyers Premium on all of our Thursday Auctions. There is NO buyers
premium for our New Merchandise or our Grocery Auctions.

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