Q » What is a hammer price in an auction?
Anonymous
02 Dec, 2025
A » In an auction, the hammer price is the final bid amount accepted by the auctioneer when the bidding concludes. It is called the "hammer price" because the auctioneer traditionally signals the end of bidding and acceptance of the final bid by striking a gavel, or hammer. This price does not include any additional fees or buyer's premiums that may apply.
02 Dec, 2025
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