Buyer’s Premium Coming to Liquid Auctions

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Starting April 3rd, 2023, Alt is introducing a 20% buyer’s premium to Liquid Auctions. All sales will have an additional 20% added to the winning bid (hammer price).

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A buyer’s premium is a fee charged by Alt that auction winners will pay in addition to the hammer price, which is the winning bid in Liquid Auctions. The final sale price of a card will now refer to the hammer price plus the buyer’s premium.

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For example:

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Winning bid (hammer) price: $1,000

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20% buyer’s premium: $200

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Final sale price: $1,200

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Sellers will receive a commission based on the winning bid price as noted in the table below. Using the same example as above:

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Winning bid price: $1,000

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20% buyer’s premium: $200

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Winning buyer pays: $1,200

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Seller receives 106%: $1,060

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Payout timing will not be affected by this change. Alt will retain the remaining balance of the buyer’s premium to continue to support our platform and future auctions.

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This change will go into effect starting April 3rd, 2023, only in Liquid Auctions. If you have any questions, please email support@alt.xyz or check out our FAQs page.

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