Hammer price
The hammer price is the final, winning bid at the moment the auctioneer brings down the hammer. It excludes the buyer’s premium and taxes, but it is the basis on which both the buyer’s premium and the seller’s commission are calculated.
The hammer price is the final, winning bid at the moment the auctioneer brings down the hammer. It excludes the buyer’s premium and taxes, but it is the basis on which both the buyer’s premium and the seller’s commission are calculated.