Buyer’s premium is when the buyer pays an additional percentage on top of the purchase price to the auction house. Buyer’s premium varies depending on the auction house conducting the sale. Please check the terms and conditions of the sale you are bidding in for the buyer’s premium of that specific sale.
Bidsquare's Lowest Buyer's Premium Guarantee
If an auction has Bidsquare's Lowest Buyer's Premium Guarantee seal it means when you bid on Bidsquare you are receiving the lowest buyers premium for the sale amongst other online platforms (this does not include an auction house’s own website).