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<p>[QUOTE=&quot;say_it_slowly, post: 118667, member: 50&quot;]When you buy at an auction they often charge the buyer a percentage of the sale called a buyer&#039;s premium. My local auction house charges 10% to buyers so that premium is added to anything won at auction. So if I win at $100 with a 10% buyer&#039;s premium my bill is $110. (plus sales tax) Bigger auction houses often have much higher percentage premiums. (They also usually charge the seller a percentage so they win on both ends.)[/QUOTE]</p><p><br /></p>

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