Lead With Learning: Why Purpose Can Save Educational Technology. Dr. Shawn Mahoney, Chief Academic Officer, McGraw-Hill Education, School Group provides her thoughts on the why behind the what matters in educational technology.
In auctions, the buyer's premium is a percentage additional charge on the hammer price (winning bid at auction) of the lot that must be paid by the winner. It is charged by the auctioneer to cover administrative expenses.
Buyerâs Premium Explained Filed under Advice, Buying at Auction, Selling Buyerâs Premium: At auction, the Buyerâs Premium is an expense, added to the Hammer Price, which is price the auctioneer sells an item for on the sales floor during the auction. For example, if you go to an auction with a buyerâs premium of 15%, buy something on the sales floor for $100, when you go to pay, they will ask for $115 (sometimes sales tax on top of that). The buyerâs premium seems pretty straight forward and is industry standard.