Webb's Makes Auction Pricing Instant and Transparent
Buying at auction involves more than the hammer price. Webb's new online pricing calculator makes it simple to see exactly what you'll pay, including buyer's premium and GST, before you bid. Transparency, built in from the start.
What does it actually cost to buy at auction?
Webb's new calculator answers that question at the click of a few buttons.
Auction pricing has always been straightforward at Webb's. Now there's a tool that makes that pricing visible to everyone, at any time.
At auction, the final price paid for any lot is made up of three components: the hammer price (what you bid), the buyer's premium (19.5%), and GST applied only to that premium at 15%.
So, for instance, for a $100 hammer price, that means $19.50 in buyer's premium, $2.93 in GST, and a total of $122.43.
To make the process easier and faster for anyone doing quick calculations on the auction floor or as the online bidding inches its way toward the last, nervous seconds before closing, Webb's has now launched a new pricing calculator.
Accessible at www.webbs.co.nz/calculator
— this easy to use tool lets buyers and vendors enter any hammer price and see the full cost breakdown update, in real time. It is a practical tool: useful for clients preparing to bid and for vendors thinking through their expectations.
The motivation is simple.
Pricing is one of the first things people look for when they engage with an auction house, and any ambiguity around it creates friction.
A clear, accessible calculator supports informed decision-making, and reflects the kind of openness Webb's has always brought to the auction process.
Webb's online pricing calculator
The calculator is available now under the Auctions tab at webbs.co.nz, or directly at www.webbs.co.nz/calculator
*This calculator does not apply for our Collectors' Cars, Motorcycles, & Automobilia, as they have different premium rates. This calculator is indicative only, check with our specialists to confirm details.
Webb's holds auctions across multiple specialist departments throughout the year, offering curated sales in art, jewels, decorative arts, fine wines and whiskies, collectors' cars, and more. Whether you are an experienced bidder or approaching auction for the first time, our team is here to make the process clear and straightforward.
For vendors, Webb's provides complimentary, no-obligation appraisals and access to a committed national and international buyer base. For buyers, every auction is supported by detailed cataloguing, transparent pricing, and the expertise of a team with decades of experience across the New Zealand specialist market.
To find out more, visit webbs.co.nz or contact our team directly to discuss your enquiry.