Understanding 'Buyer's Premium'

When purchasing at Leslie Hindman Auctioneers a premium is paid by the buyer based on the hammer price. Settlement with our consignors is based on the hammer price, which is the total cost, excluding buyer’s premium and sales tax.

Hammer Price and Buyer's Premium
 FirstPortion FromPortion From
Bidding Option $0 - $100,000 $100,001 - $1,000,000 Over $1,000,001
In-house 25% 20% 12%
LHLive 26% 21% 13%
LiveAuctioneers 26% 21% 13%
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