What is a buyer's premium?

A buyer's premium is a standard auctioneering fee that helps cover the cost associated with sourcing products, marketing auctions, running the marketplace and managing services such as payment collection and listing processing. Our standard buyer's premium is 10% of the final bid price. Please keep in mind that this amount will be added to the final winning bid to arrive at the final amount due.

Updated on: 08/09/2020