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What is a Buyer’s premium and who pays it?

buyer pays Premium
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What is a Buyer’s premium and who pays it?

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A. A Buyer Premium is a set percentage charged to the bidder based on the purchase price. Clients usually add a 10% Buyer Premium to a sale, which then adds 10% to your total bid price. We have never used buyer’s premiums and have no plans to use them in the future.

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