Buyer Fees and Bidding
From the GRID Terms of Sale, Section 9. Version 1.0, effective October 20, 2026.
This section is also published on the Site as the Buyer Fees and Bidding page. The two must always match.
9.1 Fees.
| Item | Amount |
|---|---|
| Buyer's Premium | 10% of the Winning Bid. No minimum and no maximum. |
| GRID Delivery | The fixed price shown on the lot page |
| Sales tax | As required by law for your delivery address |
| Default Fee | 10% of the Winning Bid or $500, whichever is greater |
| Storage after refused delivery | $25 per day |
GRID charges no registration fee, no membership fee and no other buyer fee.
9.2 Example. This example uses a GRID Delivery price of $1,500 for illustration only.
| Line | Amount |
|---|---|
| Winning Bid | $30,000 |
| Buyer's Premium (10%) | $3,000 |
| GRID Delivery | $1,500 |
| Total before tax | $34,500 |
9.3 Saved card and bidding limit. You save a card to your account to bid. GRID charges it only for the Default Fee or other amounts you owe. The standard bidding limit is $100,000 per Lot. To bid above $100,000, email g@gridauction.co with your username and the lot number at least 1 Business Day before the Lot closes. GRID may require proof of funds or a deposit before approving a higher limit.
9.4 Bid increments. The increment depends on the current bid.
| Current bid | Increment |
|---|---|
| $0 to $4,999 | $50 |
| $5,000 to $14,999 | $100 |
| $15,000 to $34,999 | $250 |
| $35,000 to $74,999 | $500 |
| $75,000 and above | $1,000 |
9.5 Deadlines.
| Step | Deadline |
|---|---|
| Soft close | Each Bid in the last 2 minutes extends the Lot by 2 minutes |
| Invoice sent | Within 1 Business Day after the Auction closes |
| Payment due | Within 7 Business Days after the Auction closes |
| Shipment scheduled | After GRID receives full payment |
| Condition claim or transit damage report | Within 2 Business Days after delivery |
| Acceptance | When you confirm in your account, or 2 Business Days after delivery with no condition claim |
Sellers pay no commission. See the Seller Agreement.