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In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer's premium.
Buyers can register to bid in person at Sotheby's offices, or online. Sotheby's requires that prospective buyers provide government-issued proof of identity and sometimes a bank reference. There are four ways buyers can bid: in person at the auction rooms, by telephone, bid live online or make an absentee bid online.
Buyer's premium – a fee paid by the buyer to the auction house; it is typically calculated as a percentage of the winning bid and added to it. Depending on the jurisdiction, the buyer's premium, in addition to the sales price, may be subject to VAT or sales tax.
Lindsay Hubbard Taylor Hill/WireImage Lindsay Hubbard has a particularly nasty case of buyer’s remorse. The Summer House star, 37, purchased three dresses for her wedding to Carl Radke, only to ...
Why was a foreclosure sale possible for Graceland? Public notice for the foreclosure sale of the property was posted earlier this month. The notice alleged that Promenade Trust, which controls the ...
46% Above Asking. The property ultimately sold for $618,000 -- 46% above asking – and the deal registered the highest list price to sale ratio of all homes in West Orange in the last 12 months.
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