Webb’s Releases Auction Pricing Calculator
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 and ease, built in from the start.
Auction Pricing Calculator
Try it out! Type in a number below and the calculator will do the rest
What does it actually cost to buy at auction? What is the final price? Webb's new online pricing calculator answers that question at the click of a few buttons.
The standard pricing structure for auction houses across the world is that taxes and the auction fee are added onto the hammer price of an item.
At Webb’s we follow the same industry standard; 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, winning an item for $100 hammer price results in a total of $122.43, as it includes $19.50 in buyer's premium and $2.93 in GST.
To make the process easier and faster for anyone doing quick additions on the auction floor (or as the online bidding inches its way toward the last, exciting seconds before closing) Webb's has now launched an online pricing calculator to help make this clear and easy.
A practical tool, useful for clients preparing to bid and for vendors thinking through their sale.
*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.
Where can you find it?
The calculator is easily accessible, located under both the ‘Auctions’ and ‘Sell With Us’ drop-down tabs in the menu of our website. You can also use it on this webpage, or by clicking here.
