Buyer's Premium
Buyer’s Premium
The buyer’s premium is a standard percentage added to the hammer price (the final winning bid) of each item sold. This premium helps cover the costs of cataloging, marketing, and the online bidding platform.
Our Standard Rates
At Headley’s Auctions, our buyer’s premium is straightforward:
- Online Bidding via HiBid: [Insert Joe’s Rate, e.g., 15% or 18%].
- Payment Method: Please note that the premium rate remains consistent regardless of whether you pay by card or certified funds, unless otherwise stated in the specific auction terms.
Total Purchase Price
Your final invoice will consist of:
- The Hammer Price (Your winning bid).
- The Buyer’s Premium (Percentage of the hammer price).
- Applicable Sales Tax (Unless a tax-exempt certificate is on file).
We encourage all bidders to review the specific terms listed for each auction on the HiBid catalog, as premium rates may occasionally vary depending on the type of estate or collection being sold.