The Buyers Premium is a service fee applied by the auctioneer to most items sold at auction. The purchaser acknowledges and agrees that a buyers premium will be payable by the purchaser to the company (The Auctioneer), such premium to be in addition to and payable at the same time as the purchase price or auction closing price. The Buyers premium will be an additional charge but will form part of the total transaction.
Currently Buyers Premium is set at 12.5% (ALLBIDS reserves the right to alter this percentage amount at any time)
The Buyers premium applicable to each lot may vary. Buyers/Bidders should check the lot description for details of any Buyers Premium applicable.Example BP:
If the final successful bid price is $100.00 and 12.5% Buyers Premium is applicable (being 12.5% of $100.00 = $12.50) then the Buyers Invoice will total $112.50 + any extra delivery/freight fee if applicable. (The Buyer’s Premium will include GST)