Top UK auction house told to stop taking buyer’s premium for charity sales

Top UK auction house told to stop taking buyer’s premium for charity sales

Bonhams has been forced to clarify how it holds auctions for good causes after complaints about a recent sale

Bonhams, the leading auction house, has clarified how it conducts its charity auctions after complaints that it was taking a “buyer’s premium” from a recent sale for a good cause.

The buyer’s premium is a charge in addition to hammer price that is retained by the auction house.

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