Auction House Buyer's Premium

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Al B.
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Joined: Mon Aug 01, 2005 1:06 am
Location: Wokingham, United Kingdom - UK

Auction House Buyer's Premium

Post by Al B. »

In Tom's tasting notes on his '97 Niepoort there was a discussion on the buyer's premiums charged by the major auction houses in the UK.

Tom mentioned that Christie's charge a buyer's premium of 10%. I think its worth pointing out that since 1 January this year, Christie's in London have been charging 12½% plus VAT.

Alex
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Johannes Stadler
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Joined: Wed Nov 01, 2006 10:41 am
Location: Z, ---, Switzerland

Post by Johannes Stadler »

As far as I found out that is correct.
For the non UK People Amsterdam could be a even more interresting place. There, the Buyers Premium is 15% incuding the local VAT of 23.8% up till 150,000€.

Paris unfortunately has no Wines as far as I saw ;).

Greetings Xavi
Greetings, Johannes Stadler
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Tom Archer
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Location: Near Saffron Walden, England

Post by Tom Archer »

Alex - you're right!

They didn't go out of their way to publicise that though :evil:

My auction bid calculator will need a little tweaking!

Tom
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Julian D. A. Wiseman
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Acker charges 19½%

Post by Julian D. A. Wiseman »

Some of the US auction houses, including Acker, charge 19½%, which is just outrageous.
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John Danza
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Location: Naperville, Illinois, United States of America - USA

Post by John Danza »

jdaw1 wrote:Some of the US auction houses, including Acker, charge 19½%, which is just outrageous.
However, The Chicago Wine Company charges no buyer premium, which is why I frequent their auctions. You can find them at http://www.tcwc.com. I'm have no interest in them other than being a satisfied customer.

John
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