From: Heather Gray
To: jeffrey E. <jeevacation®gmail.com>
Subject: Re:
Date: Fri, 14 Apr 2017 14:17:52 +0000
No
Sent from my iPhone
On Apr 14, 2017, at 7:16 AM, jeffrey E. <jeevacation®gmail.com> wrote:
but do i pay a sellers commission!?
On Fri, Apr 14, 2017 at 10:16 AM, Heather Gray < > wrote:
Correct, you do not receive any of the buyer's premium when you have a guarantee. Christie's keeps all of the
buyer's premium plus 25% of the overage above the guarantee.
Sent from my iPhone
On Apr 14, 2017, at 7:12 AM, Jeffrey E. <jeevacation@gmail.com> wrote:
so no commision?
On Fri, Apr 14, 2017 at 10:09 AM, Heather Gray < > wrote:
$4,875,000
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On Apr 14, 2017, at 6:57 AM, Jeffrey E. <jeevacation@gmail.com> wrote:
braque sells for 5 million , how much do i receive after commsion
On Fri, Apr 14, 2017 at 9:51 AM, Heather Gray < wrote:
If the Braque doesn't sell or the hammer price is $4.5 million or less, you get $4.5 million, so you pay
no commission. If the hammer price is $5 million, for example, you get $4.875 ($4.5 guarantee plus
75% of the amount by which the hammer price exceeds the guarantee). If the hammer price is higher
than the guarantee, you effectively pay a commission equal to 25% of the overage.
On the Giacometti if you go with the enhanced hammer instead of the guarantee, you will receive the
full amount of the hammer price plus an extra 10% of the hammer price (up to proceeds of GBP 20
million, then an extra 7% once proceeds exceed 20). Christie's not only isn't charging you a
commission, they are paying you a portion of the buyer's premium that they collect from the buyer (of
which they normally keep 100%). The downside, of course, is that if the Giacometti does not reach
the reserve (the minimum price that you set which can't be more than the low estimate), it won't sell
and you won't receive anything other than the sculpture back.
Sent from my iPhone
EFTA00669249
On Apr 14, 2017, at 6:14 AM, jeffrey E. <jeevacation@grnail.com> wrote:
leon thinks taking the 100 percent of hammer in london is the right thing. I m unclet if we sell
the brazqu for the guarantee , do we pay commission? or is 4.5 sale the same as 5 after
comminsion and split?
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please note
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the use of the addressee. It is the property of
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destroy this communication and all copies thereof,
including all attachments. copyright -all rights reserved
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
and may be unlawful. If you have received this
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destroy this communication and all copies thereof,
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