What is a buyer's premium?
Updated on Fri, 12 Sep, 2025 at 03:09 PM
For lots that you win at auction, your invoice will include fees in addition to the hammer price (the final bid accepted). In all auctions, a buyer’s premium is added to the hammer price of each lot offered and is payable by the buyer.
Tiers for the buyer's premium rates by sale location and exceptions are outlined below. Note these rates exclude local taxes and any applicable artist resale rates. Please always refer to our Conditions of Business for Buyers for the most up-to-date information.
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