A buyer's premium is an additional fee that auction winners must pay on top of their winning bid, typically expressed as a percentage of that bid. This fee helps cover the auction house's operational costs and is retained by the auction house, not shared with the seller.

All buyers pay a 10% buyers premium at live auctions,
if paying by cash, business check or personal check.

If buyers are paying by credit card the buyer's premium is 13%.
Florida sales tax is collected by all buyers.

Auction Definitions
An estate auction is a public sale where items from a deceased person's estate are sold to the highest bidder. Unlike an estate sale, where items are sold at set prices, an auction involves competitive bidding for each item.