In general, you'll pay a sales commission equal to 20 to 50 percent of the sale price. If your sale totals less than $300, you're more likely to pay that 50 percent; more expensive items are charged lower commissions. But fees are negotiable and often depend on how much an auctioneer wants to sell your goods.
What is the seller's commission at Christie's?
At Christie's, where buyer's premiums are graded across three tiers, the new fee for works sold in the top tier (above $4 million in New York and above £3 million in London) will now be 13.5 percent of the hammer price, up from 12.5 percent. At Sotheby's, the fee is 12.9 percent.Feb 1, 2019
How much do Christie auctioneers make?
How much does a Christie's Auctions employee make on an average/hour? Christie's Auctions employees earn $53,000 annually on average, or $25 per hour.
Can anyone go to a Christies auction?
Once you have an account, whether you plan to bid in person or online, you can register for any sale in advance through your online account via our auction calendar.
How do you auction in Christie's?
Just visit your online account, or the Auction Calendar, find the sale you want and select 'Join auction'. For applicable sales, you may place your bid via Christie's LIVE™ in one of two ways, by either submitting a “max bid” or submitting a “bid”.
Can anyone go to an art auction?
There are no specific restrictions for participating in an auction, apart from the fact that you need to be of legal age. Auctions are public events; if you are curious about how an art auction works, you may attend one as a spectator.
How much money does Christie's make?
Global sales of Christie's 2006-2021 Overall, total sales amounted to roughly 7.1 billion U.S. dollars in 2021, reporting an annual increment of around 2.7 billion U.S. dollars.
Who is bigger Sotheby's and Christie's?
Sotheby's year end revenue has edged ahead of Christie's, reporting total global sales of over $5bn compared to Christie's $4.4bn (£3.4bn). But as both auction houses are now private companies, their profit margins are not known.
How does Christie's make money?
Christie's charges a single Seller's Commission rate for the services we provide. The commission is calculated on each item as a fixed percentage based on the eventual hammer price at auction. VAT (value-added tax) or applicable duties or taxes may be due on such fees based on the jurisdiction of the auction site.
What does Christie's do?
Renowned and trusted for its expert live and online auctions, as well as its bespoke private sales, Christie's offers a full portfolio of global services to its clients, including art appraisal, art financing, international real estate and education.