A cedar towel rail
rail. A term used by cabinet makers for the horizontal sections of the frame of an item such as a chair or settee which have a front rail, a back rail and two side rails, and also on a door or carcase, where the rails are joined to the vertical framings.
The buyers premium is an additional percentage charge on the hammer price of the item, imposed by the auction house to cover administrative costs. The buyers premium percentage varies between auction houses, with a range of 12.5% to 22%.