Now that you are the successful bidder, the item is yours! Payment is due immediately upon conclusion of the auction. Please remember that property at The Potomack Company is sold ‘as is’ and all sales are final. The Potomack Company accepts payment in the form of cash, check, money order or wire transfer, Visa, and Master Card.
Buyer’s Premium and Sales Tax
A buyer’s premium will be added to the hammer price of each lot sold. The buyer’s premium is equal to 25% of the hammer price as well as a 2% premium paid to Invaluable on all successful online bids. Additionally, in most cases, you will need to pay Virginia sales tax of 6% on the purchase price of the item. The purchase price is equal to the hammer price plus the buyer’s premium. Kindly notify us in advance if you are exempt from paying sales tax. In that case, we will need a copy of your Sales Tax Exemption Certificate for our files.