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Tony, whats a buyers premium?
Mindpsyche, I don't believe this was answered so I'm doing it.
A buyers premium is what many auction houses tack on -- generally 15% in my experience -- over and above your winning bid. This does not include shipping, handling, and insurance costs, which are extra.
So if you win a $100 item, it will cost you $115 plus the cost of getting it to you.