Buyers Premium Reduced
12/11/2009
Press Release
Important
Announcement Regarding Buyers Premium.
All auction houses whether
they are physical or online businesses charge a buyers premium on top of the
final hammer price that you pay when bidding and winning wine at auction.
Since our launch in October
2006 we have charged 15% like many of our competitors in the market place – particularly
in the online market.
From Monday 23rd
November Management at Empire Auctions are pleased to announce the following:
Buy Now Wine Categories
The Buyers premium will be
reduced from 15% to 0%.
Wine Auctions
The Buyers Premium will be
reduced from 15% to 12.5%
What our competitors charge
in the market place
Wickmans Online Wine
Auctions: 11%
Graysonline Wine Auctions: 15%
Oddbins Wine Auctions: 15%
Langtons Wine Auctions: 15%
Lawsons Wine Auctions: 20%
The reason for this change
We are listening to our clients feedback and where possible wish to remain as competitive as possible in the online wine auction market.
We will be rolling out further changes in the coming months and have a number of exciting changes planned for 2010.
Empire Auctions Management
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