What does ‘buyer’s premium’ mean? April 01, 2023 14:12 Updated Auction companies add a buyer’s premium to the winning bid to offset auction costs. At MaxSold, the buyer’s premium is 18% (see section 4 of the MaxSold Terms and Conditions). Related articles How do I schedule a pickup time? The item(s) I purchased were not as described. Can I get a refund? How do I know MaxSold items are legitimate/not stolen? What are the pickup categories? How do I register to bid?