The hammer price, as executed by the auctioneer, is the final sale price.
New England Auctions tiered buyer's premium applies to all lots purchased through New England Auctions internet platform or in-house absentee, phone bidding or live bidding
A buyer's premium of 26% is added to all hammer prices up to including $500,000.
A buyer's premium of 22% is added to all hammer prices from $501,000 to $800,000.
A buyer's premium of 18% is added to all hammer prices from $800,000 to $1,000,000.
A buyer's premium of 15% is added to all hammer prices from $1,000,001 to $1,500,000.
A buyer's premium of 10% is added to all hammer prices above $1,500,000.
Live Auctioneers tiered buyer's premium applies to all lots purchased through the Live Auctioneers platform.
A buyer's premium of 31% is added to all hammer prices from $500,000.
A buyer's premium of 27% is added to all hammer prices from $500,001 and $800,000.
A buyer's premium of 23% is added to all hammer prices from $800,001 to $1,000,000.
A buyer's premium of 20% is added to all hammer prices from $1,000,001 to $1,500,000.
A buyer's premium of 15% is added to all hammer prices above $1,500,000.
Sales tax and credit card fee, if applicable, are added to the hammer price and the buyer's premium, constituting the total final purchase price.