apprint
New Member
๐จ๏ธ 588
๐๐ป 129
January 2012
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by apprint on Sept 17, 2021 18:56:30 GMT 1, Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale.
You need to add 40% total of the hammer
Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale. You need to add 40% total of the hammer |
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Sundowner
Junior Member
๐จ๏ธ 4,227
๐๐ป 2,429
September 2008
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Sundowner on Sept 17, 2021 19:55:47 GMT 1, A mixed bag - decent results for the signed Girl With Balloon and Morons. Poor results for Choose Your Weapon, grey (why the seller agreed to the ridiculously low estimate I don't know), Love Rat, Kate (nearly 100k lower than Sotheby's earlier this year), Laugh Now. And average for most of the others. Says QJQ had some condition issues. Dunno how bad?
No condition issues - I inspected it out of the frame. Same for the pink one.
A mixed bag - decent results for the signed Girl With Balloon and Morons. Poor results for Choose Your Weapon, grey (why the seller agreed to the ridiculously low estimate I don't know), Love Rat, Kate (nearly 100k lower than Sotheby's earlier this year), Laugh Now. And average for most of the others. Says QJQ had some condition issues. Dunno how bad? No condition issues - I inspected it out of the frame. Same for the pink one. |
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Sundowner
Junior Member
๐จ๏ธ 4,227
๐๐ป 2,429
September 2008
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Sundowner on Sept 17, 2021 19:56:58 GMT 1, absolutely stoked on those results morons sepia for 140k (including fees) 
How did you reach that? Result all in was about ยฃ120k
absolutely stoked on those results morons sepia for 140k (including fees) How did you reach that? Result all in was about ยฃ120k |
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Fะฏ
Full Member
๐จ๏ธ 8,264
๐๐ป 9,252
May 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Fะฏ on Sept 17, 2021 20:00:29 GMT 1, Says QJQ had some condition issues. Dunno how bad? No condition issues - I inspected it out of the frame. Same for the pink one.
โThe full sheet, in good condition, some very faint soiling mainly on upper sheet edge, framed.โ
thing is buyers will be reading that and basing their bids.
So therefore it has condition issues.
Says QJQ had some condition issues. Dunno how bad? No condition issues - I inspected it out of the frame. Same for the pink one. โThe full sheet, in good condition, some very faint soiling mainly on upper sheet edge, framed.โ thing is buyers will be reading that and basing their bids. So therefore it has condition issues. |
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E9Boy
New Member
๐จ๏ธ 285
๐๐ป 192
October 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by E9Boy on Sept 17, 2021 20:31:26 GMT 1, are the final prices on the website with or without the fees? They include BP, but not ARR or VAT on BP. Sometimes members post the final numbers but the buyer will be paying more than the sold price. Solid results there all the way round, not surprising really. The artist of our time. Signed Laugh Now was low due to it being a gift dedicated print to "Brendan", who would want that print other than Brendan. The unsigned Girl With Balloon was not in good shape and horribly framed and still fetched ยฃ130k. Trolleys ยฃ70k is great as is ยฃ120k for a Choose Your Weapon QJ.
LOzl not too many Brendans around !
are the final prices on the website with or without the fees? They include BP, but not ARR or VAT on BP. Sometimes members post the final numbers but the buyer will be paying more than the sold price. Solid results there all the way round, not surprising really. The artist of our time. Signed Laugh Now was low due to it being a gift dedicated print to "Brendan", who would want that print other than Brendan. The unsigned Girl With Balloon was not in good shape and horribly framed and still fetched ยฃ130k. Trolleys ยฃ70k is great as is ยฃ120k for a Choose Your Weapon QJ. LOzl not too many Brendans around ! |
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samo
Junior Member
๐จ๏ธ 1,512
๐๐ป 1,210
October 2007
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by samo on Sept 17, 2021 21:23:22 GMT 1, absolutely stoked on those results morons sepia for 140k (including fees) How did you reach that? Result all in was about ยฃ120k
ยฃ120k equals to โฌ140K with the current exchange rate.
absolutely stoked on those results morons sepia for 140k (including fees) How did you reach that? Result all in was about ยฃ120k I think TheItalianOne means 140k Euro. ยฃ120k equals to โฌ140K with the current exchange rate. |
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Hubble Bubble
Junior Member
๐จ๏ธ 4,116
๐๐ป 3,566
December 2010
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Hubble Bubble on Sept 17, 2021 23:30:23 GMT 1, Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale.
Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale. You need to add 40% total of the hammer
Interesting. Iโve always worked to the metric above and all the pieces Iโve bought at Sothebyโs, Christieโs and Bonhamโs all use these multiples. What percentages comprise your 40% ?
Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale. Add 35% to hammer is a good rule of thumb. Itโs a sliding scale but 35% on this level of hammer gets you 25% buyers premium, VAT on the premium (but not the hammer) 4% Artist Resale Right and 1% admin on an online sale. You need to add 40% total of the hammer Interesting. Iโve always worked to the metric above and all the pieces Iโve bought at Sothebyโs, Christieโs and Bonhamโs all use these multiples. What percentages comprise your 40% ? |
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jarw
New Member
๐จ๏ธ 33
๐๐ป 13
August 2021
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jarw on Sept 18, 2021 5:37:11 GMT 1, Final prices show buyerโs premium? Wasnโt aware of that. Pretty strong auction results I believe. Market down a little from highs but probably all new highs in 2023 to come anyway.
Final prices show buyerโs premium? Wasnโt aware of that. Pretty strong auction results I believe. Market down a little from highs but probably all new highs in 2023 to come anyway.
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brookvale
New Member
๐จ๏ธ 327
๐๐ป 142
January 2013
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by brookvale on Sept 18, 2021 11:57:19 GMT 1, What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ?
What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ?
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kfroms
Junior Member
๐จ๏ธ 1,781
๐๐ป 2,726
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Sept 18, 2021 14:33:43 GMT 1, What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ?
In theory they can come after you for breach of contract and force you to pay BUT non- paying winning bidders are quite common and other than blacklisting you not a lot will happen.
Good read:
www.theartnewspaper.com/news/hammer-horror-as-bidders-won-t-pay-up
What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ? In theory they can come after you for breach of contract and force you to pay BUT non- paying winning bidders are quite common and other than blacklisting you not a lot will happen. Good read: www.theartnewspaper.com/news/hammer-horror-as-bidders-won-t-pay-up |
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Deleted
๐จ๏ธ 0
๐๐ป
January 1970
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Deleted on Sept 18, 2021 16:34:15 GMT 1, What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ? In theory they can come after you for breach of contract and force you to pay BUT not paying winning bidders are quite common and other than blacklisting you not a lot will happen. Good read: www.theartnewspaper.com/news/hammer-horror-as-bidders-won-t-pay-up
That's fascinating. 41% of Chinese auctions resulting in non-payment? Wow.
What happens if you were to make the winning bid but then discovered you could make the payment? Hasnโt happened me, but just wondering ? In theory they can come after you for breach of contract and force you to pay BUT not paying winning bidders are quite common and other than blacklisting you not a lot will happen. Good read: www.theartnewspaper.com/news/hammer-horror-as-bidders-won-t-pay-upThat's fascinating. 41% of Chinese auctions resulting in non-payment? Wow. |
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kfroms
Junior Member
๐จ๏ธ 1,781
๐๐ป 2,726
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Sept 18, 2021 17:35:43 GMT 1, That's fascinating. 41% of Chinese auctions resulting in non-payment? Wow.
Yes. Which is why you really need to take all those high results from Asia with a big pinch of salt.
That's fascinating. 41% of Chinese auctions resulting in non-payment? Wow. Yes. Which is why you really need to take all those high results from Asia with a big pinch of salt. |
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LJCal
Junior Member
๐จ๏ธ 2,979
๐๐ป 4,522
December 2019
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by LJCal on Sept 19, 2021 12:32:12 GMT 1, That's fascinating. 41% of Chinese auctions resulting in non-payment? Wow. Yes. Which is why you really need to take all those high results from Asia with a big pinch of salt.
Itโs nothing like that in the UK, itโs happened to me about 3 times on 200-300 lots Iโve sold.
That's fascinating. 41% of Chinese auctions resulting in non-payment? Wow. Yes. Which is why you really need to take all those high results from Asia with a big pinch of salt. Itโs nothing like that in the UK, itโs happened to me about 3 times on 200-300 lots Iโve sold. |
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kfroms
Junior Member
๐จ๏ธ 1,781
๐๐ป 2,726
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by kfroms on Sept 19, 2021 13:44:06 GMT 1, Sure, it doesnโt happen as often in Europe / UK but it is still an issue. From what I understand from my friend who works at one of the big auction houses its the non-payers at online auctions which is becoming an issue.
Sure, it doesnโt happen as often in Europe / UK but it is still an issue. From what I understand from my friend who works at one of the big auction houses its the non-payers at online auctions which is becoming an issue.
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Fuzzyduck121
Junior Member
๐จ๏ธ 1,304
๐๐ป 1,223
December 2011
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Dice
Junior Member
๐จ๏ธ 2,234
๐๐ป 1,526
October 2011
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Dice on Oct 9, 2021 0:15:42 GMT 1, Kate Bryan is everywhere at the moment
Kate Bryan is everywhere at the moment
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vernaxley
New Member
๐จ๏ธ 277
๐๐ป 138
September 2014
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by vernaxley on Oct 11, 2021 14:37:20 GMT 1,
Oh the irony. Three haughty art establishment knobs talk about Banksy taking the piss out of haughty art establishment knobs.
Oh the irony. Three haughty art establishment knobs talk about Banksy taking the piss out of haughty art establishment knobs. |
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by My Name is Frank on Oct 14, 2021 18:38:49 GMT 1, Jesus just hammered at ยฃ16,000,000
Jesus just hammered at ยฃ16,000,000
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18921892
New Member
๐จ๏ธ 658
๐๐ป 369
May 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by 18921892 on Oct 14, 2021 19:24:43 GMT 1, Boom!!!
Boom!!!
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wave
Junior Member
๐จ๏ธ 1,045
๐๐ป 179
March 2007
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by wave on Oct 14, 2021 20:14:07 GMT 1, So what has this now done to the print market? Mammoth
So what has this now done to the print market? Mammoth
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snoozy
New Member
๐จ๏ธ 881
๐๐ป 841
July 2015
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by snoozy on Oct 14, 2021 20:20:32 GMT 1, A tidy little ยฃ18.5 million after fees!
A tidy little ยฃ18.5 million after fees!
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Winchester
New Member
๐จ๏ธ 232
๐๐ป 46
December 2017
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by Winchester on Oct 14, 2021 20:43:07 GMT 1, So everyone here is celebrating that Banksy cashes in while he says that street art is not there to be sold?
The irony ๐
So everyone here is celebrating that Banksy cashes in while he says that street art is not there to be sold?
The irony ๐
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by urbanauctioneer on Nov 15, 2021 13:44:11 GMT 1, I work for a big auction house, the prices shown include all the fees and VAT on top of those charges, Buyers premium can amount to quite a lot, there is also likely an additional percentage for Artists Resale Rights.
I work for a big auction house, the prices shown include all the fees and VAT on top of those charges, Buyers premium can amount to quite a lot, there is also likely an additional percentage for Artists Resale Rights.
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robo
Junior Member
๐จ๏ธ 1,582
๐๐ป 1,007
November 2006
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by robo on Nov 15, 2021 14:15:28 GMT 1, Usually it's hammer + buyers fees + ARR but NOT VAT or anything else. If you divide by 1.25 to take off 25% you usually get to a sensible looking hammer price (as that's a common buyers premium).
Usually it's hammer + buyers fees + ARR but NOT VAT or anything else. If you divide by 1.25 to take off 25% you usually get to a sensible looking hammer price (as that's a common buyers premium).
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apprint
New Member
๐จ๏ธ 588
๐๐ป 129
January 2012
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by apprint on Nov 15, 2021 14:50:40 GMT 1, you need to add 40% on top of the hammer
you need to add 40% on top of the hammer
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irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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irl1
Full Member
๐จ๏ธ 9,274
๐๐ป 9,381
December 2017
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by irl1 on Mar 11, 2022 18:29:52 GMT 1, Very low estimates and no reserves on some lots
Very low estimates and no reserves on some lots
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orchid
Junior Member
๐จ๏ธ 1,464
๐๐ป 1,150
May 2018
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by orchid on Mar 12, 2022 10:22:19 GMT 1, Really weak selection of lots, bar a handful. Someone must have consigned a lot to let some of the other crap filter in.
Really weak selection of lots, bar a handful. Someone must have consigned a lot to let some of the other crap filter in.
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jakecskis
New Member
๐จ๏ธ 65
๐๐ป 119
September 2020
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Sotheby's Art Auctions โข LONDON ๐ฌ๐ง, by jakecskis on Mar 14, 2022 1:59:11 GMT 1, Really weak selection of lots, bar a handful. Someone must have consigned a lot to let some of the other crap filter in.
Really weak selection of lots, bar a handful. Someone must have consigned a lot to let some of the other crap filter in. I agree, quite shitty. |
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