Buyer’s Premium Update
Effective October 1st, 2016 JMAuctioneer will enact a new buyer’s premium rate structure. The new rate structure will be 15% buyer’s premium. The old rates dates have been in existence for at least 10 years.  This will improve JMAuctioneer and strengthen the Company innovation, help us continue to continue delivering excellent service to clients in the categories we serve. In effect these changes mean that the auctioneers’ cut of the amount buyers pay will increase. Auctioneers normally raise their buyer’s premium not just to gain extra revenue from buyers, but also to allow them to negotiate more flexible deals with vendors to win consignments in the first place. If you have any questions, we are happy to connect with you and answer any questions at info@seeyouattheauction.com and we will call you back.

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