It is a fee that is assessed on top of the hammer price of the item and is a percentage of that hammer price. Our base buyer’s premium is currently 15%.
So for instance, if the hammer price of a lot is $100, the total price that you will pay for that piece is $115. Most, if not all,
traditional auction houses charge this fee.
How much is the buyer's premium?
Our current buyer’s premium is based on the price of the sale. Please see the chart below for the specific rate.
Sale Price
Buyers Premium
$ 0.00 to $ 10,000.00
15%
$ 10,000.01 to $ 50,000.00
12%
$ 50,000.01+
10%
How Do I Buy?
Buying is extremely easy. Just follow the Simple steps below.
Browse Resale and find the industrial equipment you'd like to purchase.
Click the "Buy It Now" button and add the item to your cart.
Check out and arrange for shipping
Enjoy your new machinery!
What is the "Buyer Approval" requirement?
Due to international regulations, certain items require the buyer's credentials to be reviewed and approved before purchase and delivery can take place.
After a buy-it-now transaction or bid results in a sale of one of these items, the seller is notified and has 3 business days (Saturday and Sunday considerend non-business, holidays not excluded)
to approve or deny the transaction.
Payment from the buyer will not be required until approval by seller is received.
If approval is received, the buyer will be notified via email and provided a link to finalize payment for the item on Resale.
If denied, the buyer will also be notified via email and the item will be relisted on Resale.
If no action is taken by the Seller after 3 business days, the item will automatically be relisted and both seller and buyer notified that no action was taken.
Resale Management will help facilitate this process ensuring buyer and seller are in contact.
