Buyer’s Premium

Personal Property

A 13% Buyer’s premium is collected on every lot purchased on bidbug.com website: buyers premium is capped at $3,000.00 for individual lots. The sales price of a lot is equal to the winning bid plus the buyer’s premium. The buyer’s premium is subject to state and local sales tax. A 3% discount will be applied if paid in cash certified check or bank issue check.

Real Estate

The buyer’s premium on real estate auctions is not capped and varies by auction. The buyers premium
for a real estate auction will be listed in the terms for that auction.