Hammer Price
The winning bid on a lot at auction. The hammer price is only a part of the total purchase price, since it does not include the buyer’s premium or tax.
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RELATED GLOSSARY WORDS:
The winning bid on a lot at auction. The hammer price is only a part of the total purchase price, since it does not include the buyer’s premium or tax.
RELATED SECTIONS:
RELATED GLOSSARY WORDS:
