Auction Fees (Buyer’s Premium)
In the event of successful bid, the successful bidder shall be charged auction fees (Buyer’s Premium) due to the auction house GOBID INTERNATIONAL AUCTION GROUP Srl (charged to the buyer), calculated on the final award price as follows:
BUYER'S PREMIUM INCREASING IN PROGRESSIVE TIERS
|
From - to |
€ 0,00 |
€ 800.000,00 |
2.5% |
|
Over |
€ 800.000,00 |
|
4% |
* with a minimum billable amount of € 500.00 (minimum billable if the percentage indicated above is applied, the Buyer’s Premium is lower).
The calculation basis of the Buyer’s Premium is divided into different tiers, each of which is matched with a decreasing rate as the tiers increase.
For each award price, the corresponding Buyer’s Premium shall be given by the sum of the commissions calculated on each respective reference tier, according to the methods illustrated in the above table.
The Buyer’s Premium plus VAT must be paid by the successful bidder within 10 days of the award.