The upcoming Asian Art Week in New York will be the first major sales to see the raise in Buyer’s Premium. The new premium rate shall be an amount equal to 25% of the hammer price of each lot up to and including £450,000/$600,000; plus 20% of the hammer price from £450,001/$600,001 up to and including £4,500,000/$6,000,000 and 14.5% above £4,500,001/$6,000,001. Sanyu’s White Chrysanthemum in a Blue and White Jardinière has a hammer price of HK$167,000,000. For the third time since 2016, Christie’s is raising buyer’s premiums, surpassing in nearly all categories the fees charged by rival auction houses Sotheby’s and Phillips. Christie's share of new buyers via online sales 2017-2019 Estimated app and website visitor numbers to Christie's 2017-2019 Total sales made online through Heritage Auctions 2017-2019 In London, for instance, the auction house charges 17.5% value added […] Effective January 17, Christie’s 20 percent buyer’s premium rate on the first $100,000 is now applied on the first $200,000 at almost all Christie’s sites. The new rates are: That plus the usual 17.50% VAT applied to the premium, yields a total premium of 29.38% for all buyers. The major difference is that the upper limit of hammer price in the lowest threshold has doubled, meaning that more lots will have to bear the highest Buyer’s Premium rate. It is owned by Groupe Artémis, the holding company of François-Henri Pinault. Christie's Inc 20 Rockefeller Plaza, New York, 10020, USA Phone: +1 212 636 2000 Fax: +1 212 636 2399. For example, a large gilt-bronze seated figure of Padmasambhava from Tibet, 15th Century which sold in Hong Kong in July was hammered down at HK$3,500,000. Solution for Christie’s Auction sold a painting for $24,300. Take the Hong Kong saleroom as an example, the upper hammer price limit has been raised from HK$2.5m to HK$5m, meaning that in the future, anything hammered down at a price below HK$5m will have to bear a 25% Buyer’s Premium. The news that Christie's is raising its buyer's premium as of March 11 is clearly bad news for collectors, as Georgina Adam reports in the Financial Times. 25% of the hammer price of each lot up to and including £225,000 (up from £175,000) 20% of the hammer price from £225,001 up to and including £3m (no change) 13.5% above £3m (previously 12.5%) US As of February 25, 2019, Sotheby’s Buyer’s Premium for all categories excluding Wine and select Online-Only sales will be: 25% of the hammer price up to and including $400,000/£300,000; 20% of amounts in excess of $400,000//£300,000 up to and including $4,000,000/£3,000,000, and 13.9% of … A statement on Christie’s website reads: “Following an internal business review, Christie's International announces an updated Buyer’s Premium schedule that will result in a modest increase in the fee paid by the successful buyer of an item at auction. New York’s upper limit is raised from US$300,000 to US$600,000 while that in London increases from £225,000 to £450,000. At Christie’s, wealthy buyers can bid online for a Hermès “Himalaya” crocodile Birkin bag made with white gold and diamond hardware, estimated at $200,000-$250,000, or (and?) In effect, it means the auction house's fee for buyers will increase for both middle-market works and top-end lots, taking it beyond rivals Sotheby’s current levels. Christie’s ha annunciato che a partire dal 1 febbraio 2019 sarà applicato un aumento del buyer’s premium e un cambiamento delle soglie entro le quali i diversi tassi vengono applicati.. Nella pratica, questo significa che la commissione della casa d’aste nei confronti dei suoi clienti aumenterà sia per il mercato di fascia media, sia per le grandi aggiudicazioni, i cosiddetti top-prices. 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