When bidding at auctions, there are many additional charges added to a bid amount after the bid has been won. These include buyer’s premiums (commission), service and license fees, online bidding fees and VAT. While the auction moves at a fast pace, bidders can easily go over their maximum price if they haven’t considered these charges.
The Auction Calculator has been developed to allow bidders to quickly and simply calculate the total amount that their bid is going to cost to ensure that they make informed bidding decisions at auction events.