Quote:
Originally Posted by Rhotchkiss
27% Buyers Premium.....
Also, I think I read somewhere that, unless noted otherwise, all lots have a reserve which is equal to the low estimate for the lot. I cant find that now, as its not under the FAQ for buying, but I believe that's the case. If so, I wonder whether the reserve is before the 27% BP or includes it.
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I think that reserves are always based on the "hammer" - the final bid that does not take into consideration the buyer's premium.