![]() All bid prices “hammer prices” (“hammer prices” mean the price at which a lot is knocked down to the purchaser) will be subject to a buyer’s premium 18.5% payable by the purchaser. The buyer’s premium shall be reduced to 15% provided the payment is paid by cash or the equivalent of cash (cashier’s check, wire transfer, or approved personal check). ![]() If the account is settled by credit card, the buyer’s premium then shall be the standard 18.5%. This is not an aggregate percentage on the total items bid, but rather a per item percentage rate. In addition, if the purchaser utilizes RIAC’s live bidding platform ‘RIAC Live’, there will be an additional 1% of the hammer price added to the buyer’s premium.
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