Understanding 'Buyer's Premium'

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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
  First Portion From Portion From
Bidding Option $0 - $250,000 $250,001 - $3,000,000 $3,000,001 +
In-house 25% 20% 12%
LHLive 26% 21% 13%
Bidsquare 26% 21% 13%
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