Auction houses charge their buyers for several reasons. The most common one is to help cover the costs of running the auction house and its future auctions. There are many costs that go into an auction that most people do not consider.

Here are a few of those costs:

• Building Rental
• Heating and Air Conditioning
• Auction Software
• Website Hosting
• Advertising and Marketing
• Staff Wages
• Auction House Set-up
• Online Catalogs
• General Upkeep of Electronic Equipment
• Electronic Payment Fees

When buying through an auction keep in mind that the buyer’s premium is used to enhance the customer experience. The buyer’s premium is charged so buyers are comfortable during the time of auctions and so the auction can operate efficiently. The extra charge is always put to good use. Buyer’s premiums are common these days and are continuing to grow, about 80% of all auctions now charge some amount of buyer’s premium.

A 15% Buyers Fee will be charged for all winning auctions. The amount will appear in your cart prior to checkout.