Formerly Christie’s South Kensington charged 17.5 per cent on the hammer price up to £50,000 and 10 per cent above that level. There will be no change to Christie’s rates for wine sales (10 per cent) or for car sales (17.5 per cent up to £70,000 and 10 per cent thereafter).
“After four years we felt an increase was needed to bring us in line with King Street and Bonhams’ Bond Street,” said Christie’s South Kensington’s chairman Hugh Edmeades.
Buyer’s premium rates at Bonham’s are currently 19.5 per cent up to £70,000 and 10 per cent thereafter at their Bond Street rooms. At Bonhams Knightsbridge the rate is 17.5 per cent up to £30,000 and 10 per cent above that. Sotheby’s charge 20 per cent up to £70,000 and 12 per cent thereafter at both their Bond Street and Olympia rooms.
CSK raise premium
Christie’s South Kensington increase their buyer’s premium from February 11: The new rate will be 19.5 per cent of the final bid price of each lot up to £70,000 and 12 per cent on the excess of the hammer price above £70,000, the same premium currently charged at Christie’s King Street.
