Hammer Price
/ˈhæmər praɪs/
Definitions
- (n.) The final bid amount at which an auctioned item is sold, subject to any additional fees or taxes.
The hammer price for the rare painting was $1 million.
Related terms
See also
Commentary
The hammer price excludes additional charges such as buyer’s premiums and taxes, which are added after the auctioneer’s hammer falls.
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