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Calculate tiered and minimum premiums

Compare auction terms before you bid. Lesson 2, 16 min.

Many large houses do not charge one flat rate. They charge a higher rate on the first part of the hammer price and lower rates on the parts above it. Each rate applies only to its own band. A worked tiered example This schedule is an example, not the schedule of any house: - 25% on the first 10,000…

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Calculate tiered and minimum premiums: Compare auction terms before you bid