Common use of Auction Fee Clause in Contracts

Auction Fee. The Consignor agrees to pay an auction fee equal to 10% of the hammer price for each item, unless the hammer price is equal to or above 500 GBP, in which case the auction fee is waived.

Auction Fee. The Consignor agrees to pay an auction fee equal to 10% of the hammer price for each item, unless the hammer price is equal to or above 500 1000 GBP, in which case the auction fee is waived.