Buyer’s Premium definition

Buyer’s Premium means a Commission payable by The Buyer to the Auctioneer. The Auctioneer, when acting as Agent for The Seller, may also receive

Buyer’s Premium means a percentage of the Hammer Price (specified in the Sale Specific Terms) which is added to the Hammer Price to make up the Purchase Price;

Buyer’s Premium the sum calculated on the Hammer Price at the rates stated in the Notice to Bidders.

Examples of Buyer’s Premium in a sentence

• Bidders hereby understand that the Buyer’s Premium shall be added to the winning bid to create the Total Contract Sales Price for which they are obligated to pay for the property.

• Any successful bids using the live bidding facility will be subject to the usual Buyer’s Premium, plus VAT.

• A Ten Percent (10%) Buyer’s Premium shall be added to the final bid price place online, which will determine the Total Contract Sales Price.

• The purchase price of the Property is equal to the auction bid price plus 10% Buyer’s Premium, which is as follows: (hereinafter referred to as the "Purchase Price"), which shall be paid to the Settlement Agent (designated below) at settlement ("Settlement") by certified or cashier's check, or wired funds, subject to the prorations described herein.

• Real estate transfer tax shall be calculated on the total Purchase Price (i.e., the Hammer Price plus the Buyer’s Premium).

More Definitions of Buyer’s Premium

Buyer’s Premium means the premium payable by the buyer of a lot to Strauss & Co on the sale of that lot, calculated on the hammer price of that lot at the relevant current rates;

Buyer’s Premium means the premium charged to the Purchaser on purchase of Lots; “Conditions” means the standard terms and Conditions of business set out in this document;

Buyer’s Premium means the commission, as determined by Levis, payable by the Buyer to Levis on the hammer price.

Buyer’s Premium means a form of selling commission, generally a percentage of the Hammer Price, based on a graduated scale set by each Auction House, and paid by the buyer of the Artwork.

Buyer’s Premium. A 10% Buyer’s Premium will be added to the final high bid price to formulate the final sales price. For example: A $100,000 bid plus $10,000 buyer’s premium equals the $110,000 final Contract sales price.

Buyer’s Premium is an amount with respect to each parcel of Real Property Struck Off at the Auction, calculated as a percentage of the Hammer Price, that is payable by the Buyer to Auctioneer for Auctioneer's own account.

Buyer’s Premium means the premium payable by the buyer of a lot to Strauss & Co calculated on the hammer price of such lot, at the relevant current rates, together with VAT thereon (if any);