[sevrin]

Here are a few pics of last nights 'Nick Smith x Bonhams', in the aid of The Trussell Trust at Bonhams Bond Street.

Some lovely pieces on show for the upcoming 'Hot Off The Press' auction on Wednesday.

There were also x2 limited edition Nick Smith prints available to purchase on the night, 'Love' and 'Art' which are different colouways of his earlier 'Fame' and 'Beauty' pieces, along with x2 new unique pieces available at the auction, and several other limited editions.

A big thank you to Nick, as all the proceeds from the sale of the 2 new prints are being very kindly donated to The Trussell Trust!

It was a lovely evening and in aid of a great cause, thank you to Nick Smith, Bonhams, Rhodes and The Trussell Trust.


 

[Wanchope]

Wow I have to say Bonhams have been shocking in their replies about a piece in their auction today. I have never dealt with them before, but asked for provenance and photos on a particular piece and one chap replied with little info and I still havent had photos of the provenance for the piece after 4 days of asking...... If I were the seller I would be livid! Also why do they charge 28% plus BP plus ARR (although again they couldn't even determine if there is ARR to pay). What a shambles and puts me right off bidding now anyway.

[artearte]

It look like and eBay sale

[Wanchope]

Finally had a reply, no apologies and apparently attached condition photos, but there are none! Shambles

[sevrin]

May 1, 2024 11:12:27 GMT 1 Wanchope said:

Wow I have to say Bonhams have been shocking in their replies about a piece in their auction today. I have never dealt with them before, but asked for provenance and photos on a particular piece and one chap replied with little info and I still havent had photos of the provenance for the piece after 4 days of asking...... If I were the seller I would be livid! Also why do they charge 28% plus BP plus ARR (although again they couldn't even determine if there is ARR to pay). What a shambles and puts me right off bidding now anyway.

Up to £40,000 hammer = 28% BP plus any ARR if applicable then 20% VAT on the combined BP + ARR I believe

7. BUYER’S PREMIUM AND OTHER CHARGES PAYABLE BY THE BUYER
Under the Buyer’s Agreement, a premium (the Buyer’s Premium) is payable to us by the Buyer in accordance with the terms of the Buyer’s Agreement and at rates set out below, calculated by reference to the Hammer Price and payable in addition to it.
For this Sale the following rates of Buyer’s Premium will be payable by Buyers on each Lot purchased:
28% of the Hammer Price on the first £40,000; plus
27% of the Hammer Price from £40,001 and up to £800,000; plus 21% of the Hammer Price from £800,001 and up to £4,500,000; plus 14.5% of the Hammer Price above £4,500,000
Storage and handling charges may also be payable by the Buyer as detailed on the specific Sale Information page at the front of the catalogue.
The Buyer’s Premium and all other charges payable to us by the Buyer are subject to VAT at the prevailing rate, currently 20%.
VAT may also be payable on the Hammer Price of the Lot, where indicated by a symbol beside the Lot number. See paragraph 8 below for details.
On certain Lots, which will be marked “AR” in the Catalogue and which are sold for a Hammer Price of £1,000 or greater, the Additional Premium will be payable to us by the Buyer to cover our Expenses relating to the payment of royalties under the Artist’s Resale Right Regulations 2006, as amended. The Additional Premium will be
a percentage of the amount of the Hammer Price calculated in accordance with the table below, and shall not exceed £12,500.

Hammer Price
From £0 to £50,000
From £50,000.01 to £200,000 From £200,000.01 to £350,000 From £350,000.01 to £500,000 Exceeding £500,000
8. VAT
Percentage amount 4%
3%
1%
0.5% 0.25%
The prevailing rate of VAT at the time of going to press is 20%, but this is subject to government change and the rate payable will be the rate in force on the date of the Sale.
The following symbols, shown beside the Lot number, are used to denote that VAT is due on the Hammer Price and Buyer’s Premium:
† VAT at the prevailing rate on Hammer Price and Buyer’s Premium
Ω VAT on imported items at the prevailing rate on Hammer Price * and Buyer’s Premium
VAT on imported items at a preferential rate of 5% on Hammer
Price and the prevailing rate on Buyer’s Premium
G Gold bullion exempt from VAT on the Hammer Price and subject
to VAT at the prevailing rate on the Buyer’s Premium
• Zero rated for VAT, no VAT will be added to the Hammer Price or
the Buyer’s Premium
a Buyers from within the UK: VAT is payable at the prevailing rate
on just the Buyer’s Premium (NOT the Hammer Price). Buyers from outside the UK: VAT is payable at the prevailing rate on both Hammer Price and Buyer’s Premium. If a Buyer, having registered under a non-UK address, decides that the item is not to be exported from the UK, then he should advise Bonhams immediately.
In all other instances no VAT will be charged on the Hammer Price, but VAT at the prevailing rate will be added to Buyer’s Premium which will be invoiced on a VAT inclusive basis.

[Wanchope]

Thanks Sevrin just seems a lot at 28%, I’ve paid 25 and 26% before plus vat

[sevrin]

May 1, 2024 12:33:35 GMT 1 Wanchope said:

Thanks Sevrin just seems a lot at 28%, I’ve paid 25 and 26% before plus vat

Indeed, I think Sotheby's is 20% / Christie's 26% and Tateward are 25%.Phillips is 27%, so Bonhams would appear to be the highest out of those.

[Dubman]

Results really flat - the Hockney Pool, best in show IMO went for a very reasonable price.

[The Greased Piglet]

Bonhams are a joke TBH, piss take seller fees and buyer fees. Generally shit results for all parties apart from them.

[The Greased Piglet]

Auction was a complete blood bath, completely clueless, lazy and the same old garbage. Probably 10 prints in the whole auction worth bidding on, rest complete waste of time in this market, when are auction houses going to tell sellers to put their tat back under the bed?

[Art Attackkk]

Did anybody visit the show and buy one or both of the new love and art prints? Seems that you could only get them in person on the night.

[Henners XI]

May 2, 2024 2:38:40 GMT 1 The Greased Piglet said:

Bonhams are a joke TBH, piss take seller fees and buyer fees. Generally shit results for all parties apart from them.

Now now old sport

My deepest and sincere condolences to all bagholders such as yourself chap.

Carry on! 

[Dubman]

May 2, 2024 5:50:38 GMT 1 Art Attackkk said:

Did anybody visit the show and buy one or both of the new love and art prints? Seems that you could only get them in person on the night.

Yes I did and I bought both, there were only 33 and they pretty much sold old on the night.

[topper]

I noticed that the originals went for around 3.8k each which seems like an absolute bargain.

[The Greased Piglet]

May 2, 2024 9:27:29 GMT 1 Henners XI said:

May 2, 2024 2:38:40 GMT 1 The Greased Piglet said:

Bonhams are a joke TBH, piss take seller fees and buyer fees. Generally shit results for all parties apart from them.

Now now old sport

My deepest and sincere condolences to all bagholders such as yourself chap.

Carry on! 

Don't consign with Bonhams or in fact many auction houses right now. How are your Noirs doing? 

[Henners XI]

May 2, 2024 19:59:24 GMT 1 The Greased Piglet said:

May 2, 2024 9:27:29 GMT 1 Henners XI said:

Now now old sport

My deepest and sincere condolences to all bagholders such as yourself chap.

Carry on! 

Don't consign with Bonhams or in fact many auction houses right now. How are your Noirs doing? 

Now now old sport. 

It takes a bold man to truck with the likes of Bonhams or any auction house for that matter in these chastened times chap! But fortune favours the bold old sport. Hurrah! 

[Henners XI]

May 2, 2024 19:59:24 GMT 1 The Greased Piglet said:

May 2, 2024 9:27:29 GMT 1 Henners XI said:

Now now old sport

My deepest and sincere condolences to all bagholders such as yourself chap.

Carry on! 

Don't consign with Bonhams or in fact many auction houses right now. How are your Noirs doing? 

Noir is preprogrammed old sport and the Bears don't like it one bit! 

[Onket]

May 2, 2024 5:50:38 GMT 1 Art Attackkk said:

Did anybody visit the show and buy one or both of the new love and art prints? Seems that you could only get them in person on the night.

Just had an email about these, so there are some left. Might be worth contacting Rhodes. 👍