Biographies:
A B C D E F G H I J K L M
N O P Q R S T U V W Y Z

Dictionary:
A B C D E F G H I J K L
M N O P Q R S T V W Z

Buyer's premium

The buyer's premium is the surcharge paid by a person acquiring an object at auction, that is, the highest bidder, to the auction house. The buyer's premium is on a sliding scale, that is, it depends on the hammer price (see Conditions of Sale). The German terms are "Aufgeld", "Käuferaufgeld", "Käuferprovision".