Octopus UK
New Member
Posts โข 868
Likes โข 182
February 2007
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Sotherby's past auction results, by Octopus UK on Nov 25, 2020 23:41:29 GMT 1, Hello, I am looking on the Sotherby's website to see what price a print has recently sold for. The amount is given as:
Lot sold: 4,032 GBP.
I wonder if this is the hammer price or the buyers price (ie after buyers premium, VAT and AR)? It looks too odd a number to be a hammer price.
Hello, I am looking on the Sotherby's website to see what price a print has recently sold for. The amount is given as:
Lot sold: 4,032 GBP.
I wonder if this is the hammer price or the buyers price (ie after buyers premium, VAT and AR)? It looks too odd a number to be a hammer price.
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Pawel
Junior Member
Posts โข 3,731
Likes โข 3,200
June 2015
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Sotherby's past auction results, by Pawel on Nov 25, 2020 23:54:07 GMT 1, Hello, I am looking on the Sotherby's website to see what price a print has recently sold for. The amount is given as:
Lot sold: 4,032 GBP.
I wonder if this is the hammer price or the buyers price (ie after buyers premium, VAT and AR)? It looks too odd a number to be a hammer price.
Hello, I am looking on the Sotherby's website to see what price a print has recently sold for. The amount is given as:
Lot sold: 4,032 GBP.
I wonder if this is the hammer price or the buyers price (ie after buyers premium, VAT and AR)? It looks too odd a number to be a hammer price.
They used to show only the hammer+bp, now itโs all the others fee included as well |
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Octopus UK
New Member
Posts โข 868
Likes โข 182
February 2007
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Sotherby's past auction results, by Octopus UK on Nov 26, 2020 0:05:34 GMT 1, For example, this Bridget Riley print shows a front screen with what could be a hammer price (ยฃ4k) but when you click through it is slightly more, but a less hammer-like price (ยฃ4,032). This is hammer + AR?
For example, this Bridget Riley print shows a front screen with what could be a hammer price (ยฃ4k) but when you click through it is slightly more, but a less hammer-like price (ยฃ4,032). This is hammer + AR? |
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kaos
New Member
Posts โข 505
Likes โข 627
June 2015
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Sotherby's past auction results, by kaos on Nov 26, 2020 1:07:51 GMT 1, This is somewhat misleading.
The figures shown on Sotheby's website are hammer plus 26% buyer's premium only.
That doesn't even include the VAT on the 26%
Or the new 1% charge they call the overhead charge and of course VAT on the 1%
nor does it include the ARR - artists resale royalties.
If we look at the recent sale of the GWB sold at Sothbey's on the 24th November:
The Hammer was 170k the sold price says 214,200 GBP.
The actual figure the buyer has to pay is in fact - 228,597GBP and NOT 214,200 GBP
I hope that helps.
This is somewhat misleading.
The figures shown on Sotheby's website are hammer plus 26% buyer's premium only.
That doesn't even include the VAT on the 26%
Or the new 1% charge they call the overhead charge and of course VAT on the 1%
nor does it include the ARR - artists resale royalties.
If we look at the recent sale of the GWB sold at Sothbey's on the 24th November:
The Hammer was 170k the sold price says 214,200 GBP.
The actual figure the buyer has to pay is in fact - 228,597GBP and NOT 214,200 GBP
I hope that helps.
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LJCal
Junior Member
Posts โข 2,764
Likes โข 4,157
Member is Online
December 2019
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Sotherby's past auction results, by LJCal on Nov 26, 2020 1:33:20 GMT 1, For example, this Bridget Riley print shows a front screen with what could be a hammer price (ยฃ4k) but when you click through it is slightly more, but a less hammer-like price (ยฃ4,032). This is hammer + AR?
For example, this Bridget Riley print shows a front screen with what could be a hammer price (ยฃ4k) but when you click through it is slightly more, but a less hammer-like price (ยฃ4,032). This is hammer + AR? Hammer price for that lot is ยฃ3,200. Buyer would have paid (if VAT is chargeable), ยฃ4,288 inclusive of vat and arr |
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Pattycakes
Junior Member
Posts โข 1,379
Likes โข 422
June 2007
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Sotherby's past auction results, by Pattycakes on Nov 26, 2020 6:15:18 GMT 1, The final sale price is Hammer plus buyer's Premium they do not show the VAT or ARR as they are not house charges rather taxes. I agree it doesn't tell the full story but equally I see the point as these are charges that are passed on.
The final sale price is Hammer plus buyer's Premium they do not show the VAT or ARR as they are not house charges rather taxes. I agree it doesn't tell the full story but equally I see the point as these are charges that are passed on.
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