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DOWNLOAD REGISTRATION FORMS (New York) - Christie's
Get DOWNLOAD REGISTRATION FORMS (New York) - Christie's
E s, you will need the following documents in order to facilitate your registration: Individuals Photo ID (National Identity Card or Passport) and, if not shown on the ID document, proof of current address (for example, a utility bill or bank statement) Corporate Clients Certificate of incorporation and proof of ownership Trusts, Offshore Companies, and Other Business Structures Please contact Christie s Credit Department Agents Acting on Behalf of Other Parties Identification documents for.
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Consigned FAQ
At Christies for instance, its 26% up to 1 million, 21% from 1 million to 6 million and 15% above 6 million. The average artist consignment fees are a different matter altogether and typically involve retail galleries as opposed to auction houses. Fees range from 50% - 70%.
For online auctions, sign in to your account, go to the auction page and click 'Register'. You'll be asked to confirm some account details, such as your preferred shipping address. You can register before the auction, or any time during. To bid, find the lot you're interested in and click 'Place bid'.
The current buyer's premium rates are an amount equal to 26% of the hammer price of each lot up to and including £800,000/US$1,000,000; plus 21% of the hammer price from £800,001/US$1,000,001 up to and including £4,500,000/US$6,000,000 and 15% per cent from £4,500,001/US$6,000,001.
The current buyer's premium rates are an amount equal to 26% of the hammer price of each lot up to and including £800,000/US$1,000,000; plus 21% of the hammer price from £800,001/US$1,000,001 up to and including £4,500,000/US$6,000,000 and 15% per cent from £4,500,001/US$6,000,001.
How do auction fees work? The seller's commission at major auction houses, such as Christie's or Sotheby's, is 15%. On top of that, you'll be asked to pay shipping, LDL (loss, damage and liability insurance), as well as a hefty marketing and cataloguing fee.
You can also attend the auction. Many bidders from around the world are on telephones placing bids.
A uniform commission rate for sellers across categories. Sotheby's will introduce across all categories a uniform seller's commission rate of 10% on the first $500,000 of the hammer price per lot. Sotheby's will not charge a seller's commission on the portion of the hammer price above $500,000 per lot.
In September of 2001, Sotheby's agreed to plead guilty to conspiring with Christie's to fix sellers' commissions, and agreed to pay a fine of forty-five million dollars over five years. Sotheby's maintained their innocence with respect to fixing buyers' premiums.
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