Hammer Price definition

Hammer Price means the level of bidding reached (at or above any reserve) when the auctioneer brings down the hammer;

Hammer Price means the price at which a Lot is knocked down by the Auctioneer to the Purchaser; and

Hammer Price means the price at which a lot is knocked down at, net of VAT, Commission, Buyers Premium, Dismantling or Removal costs and any

Examples of Hammer Price in a sentence

• On the first £100,000 of the Hammer Price (of any individual Lot) the buyer will pay the Hammer Price and a premium of 25% (Plus VAT).

• The Vendor shall be entitled to place prior to the Auction a reserve on any Lot, being the minimum Hammer Price at which Lot may be sold.

• Subject to clause 6.3, the highest Bidder at the Hammer Price shall be the Buyer.

• Fellows will pay the Hammer Price achieved for the Lot (less its commission and applicable feesin accordance with clauses 4.6, 9.2 and 9.3),to the Vendor on receipt of payment of the Total Amount Due in full by the Buyer.

• The ARR is calculated as a percentage of the hammer price on a cumulative basis as follows and is payable as part of the purchase price:Portion of the Hammer Price (in EUR)Royalty RateFrom 0 to 50,0004%From 50,000.01 to 200,0003%From 200,000.01 to 350,0001%From 350,000.01 to 500,0000.5%Exceeding 500,0000.25%The total charge for ARR on any single lot cannot exceed Euros 12,500.

More Definitions of Hammer Price

Hammer Price means the bid or offer made by the buyer for any lot that is finally accepted by the auctioneer (after determination by the auctioneer of any dispute that may exist in respect thereof) at a sale of that lot, together with VAT thereon (if any);

Hammer Price or “Sale Price” means the price at which a Lot is knocked down by the Auctioneers to the Buyer exclusive of any Value Added Tax and Buyer’s Premium.

Hammer Price the price in the currency in which the Sale is conducted at which a Lot is knocked down by the Auctioneer.

Hammer Price means the level of the highest bid for a Lot accepted by the Auctioneer by the fall of the hammer;

Hammer Price means the price at which a lot is knocked down by the auctioneer to the buyer;

Hammer Price means the price in pounds sterling which a Lot is knocked down by the Auctioneer.

Hammer Price means the price at which a lot is knocked down by the auctioneer to the Buyer or in the case of a private sale the agreed price, in both instances excluding the Buyer's Premium and any applicable taxes;