The “hammer price” is the winning bid amount.
A “Buyer’s Premium” and Florida sales tax (6.25%, if applicable) is then added to the hammer price.
The hammer price plus the buyer’s premium is known as the “price realized.”
A buyer’s premium in the amount of 20% of the successful high bid will be added to the amount of the successful bid price for all lots purchased at auction. If you pay by Check, Cash or Bank Transfer you will receive a 2% Discount
Upon the announcement by the auctioneer, the successful bidder becomes the purchaser and is responsible for the full amount owing as allowed by the “Terms of Sale”.
The following are general guidelines for bidding increments:
$0.00 through $100.00
$100.00 through $1,000.00
$1,000.00 through $3,000.00
$3,000.00 through $10,000.00
$200.00 or $500.00 increments
$10,000.00 through $50,000.00
$1,000.00, $2,000.00 or $5,000.00 increments
The auctioneer has the sole and exclusive power, discretion, and authority to regulate the bidding and its increments.
In our experience, cellular phones are not always dependable, and we recommend phone bidding reservations be made on land lines.