Understanding What Is a Buyer’s Premium: A Full Guide for Auction Buyers
If you’ve ever taken part in an auction — online or in person — you’ve probably noticed an extra fee added to the final selling price. That fee is known as a buyer’s premium. But many people still wonder, “What does it mean? Why is it added? And where does the money go?”
In this guide, we’ll break down what is a buyer’s premium, how it works, and why auctions around the world rely on this fee. We’ll also look at real-world examples like the Sotheby’s buyer’s premium and https://getultimateauction.com..../blog/what-is-a-buye

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