Buyers
A 20% buyer’s premium is added to each sale within an 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 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. This is determined by:
The submission value of the lot at the time it was received
Your current Alt Rewards tier
Submission Value When Received | Base Tier | Silver Tier | Gold Tier | Black Tier |
<$1k | 104% | 106% | 108% | 110% |
$1k - $5k | 106% | 108% | 110% | 111% |
$5K - $25K | 108% | 110% | 111% | 112% |
$25K - $50K | 110% | 111% | 113% | 114% |
$50K - $200K | 112% | 113% | 114% | 115% |
$200K+ | 115% | 115% | 115% | 115% |
The submission value refers to the estimated market value of all cards submitted together as a single lot.
For questions, please contact us through the messenger located in the bottom left corner of your browser, text us at (833)483-5949, or reach out to support@alt.xyz