From: "Jeffrey E." <jeevacation®gmail.com>
To: Heather Gray
Subject: Re:
Date: Fri, 14 Apr 2017 13:57:54 +0000
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
On Apr 14, 2017, at 6:14 AM, jeffrey E. <jeevacation@gmail.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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