Koperspremie

Koperspremie, Dutch for buyer's premium, is a fee paid by a buyer in addition to the hammer price of an item at an auction. This premium is a percentage of the final bid and is added to the total amount the buyer owes. Auction houses use the koperspremie to cover various operational costs, including marketing, cataloging, staff, and the general expenses associated with running an auction. It is a standard practice in most auction settings, whether for art, antiques, real estate, or other goods. The percentage can vary significantly depending on the auction house and the type of items being sold. Buyers are typically informed about the koperspremie before they place a bid, often in the auction's terms and conditions or on the bidding platform. Understanding this additional cost is crucial for potential buyers to accurately calculate their total expenditure. The koperspremie ensures that auctioneers can continue to offer their services and manage their businesses effectively.