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Web 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. How much is a buyer’s premium? It is a percentage of the winning bid that is charged to the winning bidder, in addition to.
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Web a buyer’s premium is an additional fee that is added to the winning bid amount in an online auction. It is essentially a surcharge added to the purchase price and is typically expressed as a percentage of the hammer price. The buyer’s premium compensates the auction company for bearing the responsibility of representing the products for sale. Web a.
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It is a percentage of the winning bid that is charged to the winning bidder, in addition to the bid amount. It is essentially a surcharge added to the purchase price and is typically expressed as a percentage of the hammer price. This fee, which can either be a fixed percentage or a flat rate, (fixed percentage at bright star).
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This premium influences both the bidding strategies of participants and the revenue generated for auction organizers. Simply put, it’s the cost borne by the buyer on top of the winning bid. Web a buyer’s premium is like a small extra fee that a person has to pay on top of the winning bid when they buy something at an auction..
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This fee, which can either be a fixed percentage or a flat rate, (fixed percentage at bright star) is a standard practice in the auction industry, encompassing all sectors of heavy, commercial, and industrial equipment. Web a buyer’s premium is a fee commonly charged by auction companies. The premium can vary depending on several factors, such as: It is essentially.
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