What is a buyer's premium?
Updated on
Fri, 13 Feb, 2026 at 05:43 PM
For lots that you win at auction, your invoice will include fees in addition to the hammer price (the final bid accepted). In all auctions, a buyer’s premium is added to the hammer price of each lot offered and is payable by the buyer.
Tiers for the buyer's premium rates by sale location and exceptions are outlined below. Note these rates exclude local taxes and any applicable artist resale rates. For the most up-to-date information, please always refer to our Conditions of Business for Buyers .
New York / United Arab Emirates / Kingdom of Saudi Arabia
Paris / Cologne / Milan
Hong Kong
Singapore
Switzerland
London
Global Wines & Spirits
New York / United Arab Emirates / Kingdom of Saudi Arabia Buyer’s premium rate payable on the hammer price up to and including $2,000,000
28%
Buyer’s premium rate payable on the hammer price between $2,000,000 and $8,000,000
22%
Buyer’s premium rate payable on the hammer price above $8,000,000
15%
Paris / Cologne / Milan Buyer’s premium rate payable on the hammer price up to and including €1,750,000
28%
Buyer’s premium rate payable on the hammer price between €1,750,000 and €7,000,000
22%
Buyer’s premium rate payable on the hammer price above €7,000,000
15%
Hong Kong Buyer’s premium rate payable on the hammer price up to and including HKD 15,000,000
28%
Buyer’s premium rate payable on the hammer price between HKD 15,000,000 and HKD 60,000,000
22%
Buyer’s premium rate payable on the hammer price above HKD 60,000,000
15%
Singapore Buyer’s premium rate payable on the hammer price up to and including SGD 2,600,000
28%
Buyer’s premium rate payable on the hammer price between SGD 2,600,000 and SGD 10,000,000
22%
Buyer’s premium rate payable on the hammer price price above SGD 10,000,000
15%
Switzerland Buyer’s premium rate payable on the hammer price up to and including CHF 1,600,000
28%
Buyer’s premium rate payable on the hammer price between CHF 1,600,000 and CHF 7,000,000
22%
Buyer’s premium rate payable on the hammer price above CHF 7,000,000
15%
London Buyer’s premium rate payable on the hammer price up to and including £
28%
Buyer’s premium rate payable on the hammer price in excess of £ 1,500,000 and £ 6,000,000
22%
Buyer’s premium rate payable on the hammer price above £6,000,000
15%
Global Wines & Spirits All hammer prices
24%
Plus Overhead Premium on all hammer prices
1%
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