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briggs451
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What is Auction Buyers' Premium?
I'll be attending an auction next week. The auction house says there is a 13% buyers premium. What does that mean?
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- 1 decade agoFavorite Answer
buyer pays additional 13% on top of purchase price to the auction house. IMHO a total rip, the house is already getting around 30% or more from the seller. I won't patronize these greedy houses.
Source(s): local auctions in the Northwest US
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