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Auction House Buyer's Premium
Posted: Fri Mar 09, 2007 6:22 am
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
Posted: Fri Mar 09, 2007 7:33 am
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
Posted: Fri Mar 09, 2007 10:13 am
by Tom Archer
Alex - you're right!
They didn't go out of their way to publicise that though
My auction bid calculator will need a little tweaking!
Tom
Acker charges 19½%
Posted: Tue Mar 27, 2007 11:27 am
by Julian D. A. Wiseman
Some of the US auction houses, including Acker, charge 19½%, which is just outrageous.
Posted: Wed Mar 28, 2007 10:29 am
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