For all Sales categories excluding Wine:
Buyer's Premium Rates
25% up to HK$1,200,000 of the Hammer Price
20% from HK$1,200,001 to HK$20,000,000 of the Hammer Price
12% over HK$20,000,001 of the Hammer Price.
The "Seller" has been guaranteed a minimum price for the "Lot", either by "Bonhams" or a third party. This may take the form of an irrevocable bid by a third party, who may make a financial gain on a successful "Sale" or a financial loss if unsuccessful.