Which is the best online auction?
Bidsquare is the premier online platform for live and timed online auctions. Browse auction catalogs and bid real-time on exceptional fine art and antiques from the best auction houses and dealers. New auctions added daily. Live auctions (in-person or online streaming) – early bids can help establish your presence, but bidding late (or strategically increasing your bid near the end) is often more effective since momentum builds toward the final moments.
Do buyers pay fees at auctions?
Sales commission, advertising costs, and legal fees [4]all typically fall within the seller’s remit. That said, the buyer often has to pay the administration fee to cover the cost of completing an auction purchase. It is charged by the auctioneer to cover administrative expenses. The buyer’s premium goes directly to the auction house and not to the seller. For example, if you bid on a lot and win at $100 hammer price, and the auctioneer’s buyers premium is 20%, you would pay $120 total to the auctioneer.Sellers pay upfront auction entry and marketing fees, with a commission deducted from the final sale proceeds—fees vary based on the property type and are agreed in advance.The auctioneer’s commission is typically a percentage of the final sale price, ranging from 1. VAT. This fee is only payable if your property sells, aligning the auctioneer’s incentives with your success. Creating a legal pack is crucial for the auction process.