Dictionary
Net price
Net price means in auctioneering terms the hammer price, that is, without the buyer's premium and VAT from the buyer's standpoint. Attention: from the buyer's standpoint the net price is the sum paid, that is, the hammer price minus the seller's commission (see Conditions of Sale).
Net price means in auctioneering terms the hammer price, that is, without the buyer's premium and VAT from the buyer's standpoint. Attention: from the buyer's standpoint the net price is the sum paid, that is, the hammer price minus the seller's commission (see Conditions of Sale).
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