Buyer's Fee

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Buyer's Fee

In an auction, a fee paid by the purchaser to the person or organization holding the auction on top of the top bid. For example, if one bids $1,000 for an antique bed, one may have to pay a 10% buyer's fee (or $100) if one wins the auction. A buyer's fee is one way an auctioneer makes money from the auction.
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London, March 18 (ANI): Kate Middleton's see-through dress, which she wore at a charity fashion show at St Andrews University, has been sold for 65,000 pounds plus 13,000 pounds buyer's fees.
Currently, there are no fees to list a property on the site, and unlike other auction sites, buyer's fees are never charged, resulting in more money for sellers and a better opportunity for buyers.
There are no minimum prices or reserves and there are no buyer's fees.