Auction house Sotheby's February 1, modifies the procedure for levying a fee

Sotheby's auction house changes the order of calculation of his fee Buyer's Premium. From 1 February this year, buyers of lots at Sotheby's auction will have to pay 25 % Commission on the first $ 200 thousand from the hammer price; the amount of 200 thousand to $ 3 million subject to Commission 20 %; and 12 % - Buyer's Premium with the part of the hammer price exceeding 3 million dollarov@

previous rules (set March 15, 2013) 25 % the fee had to be paid with the first 100 thousand dollars; 20 % amount of from 100 thousand to $ 2 million; and 12% Commission payable on the portion rates in excess of 2 million dollars. As you can see, the auction house Commission increases very sushestvenno@

"This will increase the income Sotheby's, will strengthen the profitability of the company, will provide funding to support innovation, will help us continue to make business investments and maintain our relationships through the Internet and in person with our clients worldwide," commented an increase in the fee, the outgoing President of the auction house bill Ruprecht (Bill Ruprecht).

is Still unknown, will increase your Commission after Sotheby's and Christie's auction house. Both auction houses this year are waiting for changes in connection with the care of both General Directors - bill Ruprecht from Sotheby's (Executive Director since 2000) and Steven Murphy from Christie's (supervised auction house 2010 goda@

the Material was prepared by Maria Onuchin, AI

Sources: artnet.com, artinvestment.ru