What is a Buyer’s Premium in an Auction?
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What is a Buyer’s Premium in an Auction?
A Buyer’s Premium in an Auction: What You Need to Know
If you're new to the world of auctions, you might have come across the term "Buyer's Premium." This is a crucial concept to understand when participating in auctions, whether in person or online. In a nutshell, a Buyer's Premium is an additional fee or percentage added to the final hammer price of an item you successfully bid on at an auction.
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