In auctions, the buyer's premium is a percentage additional charge on the hammer price (winning bid at auction) of the lot that must be paid by the winner. It is charged by the auctioneer to cover administrative expenses.
双语例句
1
There'll be no buyer'spremium …
不会追加买方额外费用…
2
The prices included the buyer'spremium。
成交价包括买主的税费。
3
If coverage against other risks is required, such as breakage, leakage, TPND, hook and contamination damages, the extra premium involved would be for the buyer's account.