The Buyer’s Premium is a fee we charge your credit card on file when you win an auction, for using our services. If you are a Basic member, we charge 15% of the sales price. If you are a Pro Member, we charge 10% of the sales price.
The Purchase Deposit is a prepayment fee that we collect for the facility/seller and is deducted from the amount you will bring to the facility/seller. This is not an additional fee. Depending upon the facility/seller, the purchase deposit can be 0% up to 10% of the sales price.
Auction Sales Price $100
Buyer’s Premium (15%) $ 15
Purchase Deposit (10%) $ 10 (subtracted from sales price)
*Balance Due at Facility $ 90
*does not include sales tax or cleaning deposit
The total charged to the credit card is $25.
Bidders are liable for their winning bids and associated premiums, taxes, and fees regardless of whether they claim the property in the auction unit(s)