A buyer’s premium is an additional fee that is charged by auction houses, galleries, or other sellers on top of the final bid or sale price of an item. It is typically expressed as a percentage of the final price and is added to the winning bid to determine the total amount the buyer has to pay.
usgovernmentauctions.org charges 17.5% buyers on items bought through auction. This does not apply to direct sales outside of our auctions.
The buyer’s premium is intended to cover the costs associated with organizing the auction, including marketing, administration, and commissions for the auction house.