ArtCult : News of the art market .
Find in the whole site :
  Home
  News
  Features
  Experts tools
  Communication
  Contact
Quick search
Find in page News :
Find in the whole site :

Information
Latest Ads
07/03: LOOKING FOR MISSING PIECES
URGENTLY LOOKING FOR THE FOLLOWING MISSING PIECES SINCE FEBRUARY 3, 20161) Fauv...
05/01: MR ROBINSON'S DEC 6, 2014 FORGOTTEN RAMPAGE
On December 6, 2014 Mr David Robinson of Pacific Grove (CA) visited the Au Temps Jadis ...
02/03: DICTIONARY OF JEWISH ARTISTS OF ALL TIMES
Seeking a well-established U.S or U.K  publisher for the first-ever English ed...
> Post an ad
Online estimate
Send us a photography and a description and questions, and we will return our point of view.
Sumit estimate

Newsletter
Type in your email to subscribe to our newsletter

News

1/376
Retour
RISE OF BUYER'S PREMIUMS AT CHRISTIE'S
04 February 2019
Category : MARKET

For the third time since 2016, Christie's have raised buyer's premiums, above the fees charged by rival auction houses Sotheby's and Phillips.

Auction houses typically charge graded fees, with the highest premiums applied to the lowest-priced items while highly priced objects imply smaller fees from the buyer. 

The new fee for works sold in the top tier (above $4 million in New York and above £3 million in London) will now be 13.5 percent of the hammer price, up from 12.5 percent. At Sotheby's, the fee is 12.9 percent and 12.5 percent at Phillips.

The premium for works sold under 250,000 USD (225,000 GBP in London) has been fixed at 25% of the hammer price while a fee of 20% will be applied for works sold between 300,001 and 3 million USD and 225,001 and 3 million GBP)

.

Fees will also rise across all other Christie's locations, except Shanghai, where the auction house will continue to charge a flat 20 percent fee on all objects sold. Christie's previously raised fees in September 2017 and September 2016. The 2016 increase was the first in three years.

Mentions légales Terms of use Participants Website plan
Login : Password ArtCult - Made by Adrian Darmon