The buyer’s premium is a charge, in addition, to the closing price of an auction item, or lot. The winning bidder is required to pay both the closing price and the percentage of that price called for by the buyer’s premium.
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The buyer’s premium is a charge, in addition, to the closing price of an auction item, or lot. The winning bidder is required to pay both the closing price and the percentage of that price called for by the buyer’s premium.
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