Buyers
A 20% buyer’s premium is added to each sale within a Liquid Auction, meaning the winning bidder must pay an additional 20% on top of the winning bid amount (also known as the hammer price). This is a standard practice at all auction houses across the industry.
The buyer's premium is an extra fee charged by Alt to the winning bidder, calculated as 20% of the hammer price. The final sale price for a card includes the winning bid amount plus this 20% premium.
Example: Let's say a bidder wins an auction with a winning bid of $100. With a 20% buyer's premium, the final sale price of the item would be calculated as follows: $100 x 20% = Final Sale Price of $120.
The winning bidder in this example would be responsible for paying $120 in order to complete the purchase for the card that they won.
Sellers
As a seller within our Liquid Auctions, there are no additional fees taken from your proceeds. Instead, you'll receive a bonus on top of the hammer price for every card that is sold in auction. Here's how it works:
Hammer Price: $1 - $999
Seller receives: 100% of the hammer price + 4% bonus
Hammer Price: $1,000 - $4,999
Seller receives: 100% of the hammer price + 6% bonus
Hammer Price: $5,000 - $9,999
Seller receives: 100% of the hammer price + 8% bonus
Hammer Price: $10,000 - $249,999
Seller receives: 100% of the hammer price + 10% bonus
Hammer Price: $250,000 and above
Seller receives: 100% of the hammer price + 12.5% bonus
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