Buyer’s Premium Rates by Location
Effective as of 1 March 2023
These rates apply to all Phillips’ auctions, including live and online-only sales. By participating in a Phillips sale, you are agreeing to pay the full purchase price plus applicable Buyer’s Premium for any lots on which you are the successful bidder.
The Buyer's Premium is calculated on the hammer price of the lot at the following rates on a cumulative basis:
NEW YORK
27% of the hammer price up to and including $1,000,000;
21% of the portion of the hammer price above $1,000,000 up to and including $6,000,000;
14.5% of the portion of the hammer price above $6,000,000.
LONDON
27% of the hammer price up to and including £800,000;
21% of the portion of the hammer price above £800,000 up to and including £4,500,000;
14.5% of the portion of the hammer price above £4,500,000.
GENEVA
27% of the hammer price up to and including CHF 1,000,000;
21% of the portion of the hammer price above CHF 1,000,000 up to and including CHF 6,000,000;
14.5% of the portion of the hammer price above CHF 6,000,000.
HONG KONG
27% of the hammer price up to and including HK$7,500,000;
21% of the portion of the hammer price above HK$7,500,000 up to and including HK$50,000,000;
14.5% of the portion of the hammer price above HK$50,000,000.