How Much Does an Auction House Take
In General, You’ll Pay a Sales Commission Equal to 20 to 50 Percent of the Sale Price. If Your Sale Totals Less Than $300, You’re More Likely to Pay That 50...
In general, you’ll pay a sales commission equal to 20 to 50 percent of the sale price. If your sale totals less than $300, you’re more likely to pay that 50 percent; more expensive items are charged lower commissions. But fees are negotiable and often depend on how much an auctioneer wants to sell your goods.
How much commission do you pay at an auction?
(1) COMMISSION – The auctioneers commission is around 2% + VAT of the final sale price and that’s only paid when the property successfully sells.
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Who pays the auction fee?
The winning bidder is required to pay both the hammer price and the percentage of that price called for by the buyer’s premium. It is charged by the auctioneer in addition to the seller’s commission, which had always been charged by auction houses to consignors.
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