Effective November 2011, the Buyer's Premium rates

18% of the Hammer Price up to and including HKD 3,000,000, 12% of the any Hammer above HKD 3,000,001

For example
In case the Hammer was HKD 5,000,000, the Total Amount Due will be HKD 5,780,000.
Hammer HKD 5,000,000 + Premium HKD 780,000 (HKD 3,000,000 × 18% + HKD 2,000,000 × 12%)

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