From: "Jeffrey E." <jeevacation®gmail.com>
To: Heather Gray
Subject: Re:
Date: Fri, 14 Apr 2017 14:18:06 +0000
ok
On Fri, Apr 14, 2017 at 10:17 AM, Heather Gray < > wrote:
No
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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.
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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. <jetoti@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 ccl > 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.
EFTA01049320
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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