Ketterer Kunst Logo

Search Lots


Dictionary
Buyer's premium

The buyer's premium is the surcharge paid by a person acquiring an object at auction, that is, the highest bidder, to the auction house. The buyer's premium is on a sliding scale, that is, it depends on the hammer price (see Conditions of Sale). The German terms are "Aufgeld", "Käuferaufgeld", "Käuferprovision".