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Definitions from the Web

Buyer's Premium

Definition:

A buyer's premium is an additional amount of money that a buyer has to pay above the purchase price at an auction or sale.

Sample sentences:

1. The buyer's premium at the auction was 10%, so the final price paid by the buyer was higher than the winning bid.
2. When purchasing items from an online marketplace, it's important to consider the seller's price as well as any buyer's premium that may be applicable.
3. Some online platforms charge a fixed percentage as a buyer's premium, while others have a sliding scale based on the total purchase amount.

Possible related products on Amazon:

• Auction Bid Paddle
• Auction Catalog
• Price Guide for Collectibles