Carl Cashman
Artist
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Christie's Art Auctions , by Carl Cashman on Sept 24, 2019 14:56:12 GMT 1, What commission does the seller pay ?
What commission does the seller pay ?
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lv90210
Junior Member
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January 2018
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Christie's Art Auctions , by lv90210 on Sept 24, 2019 15:21:31 GMT 1, 30k sale ends! very nice 
Told you boys, hang on to those SE V2's.... both auctions have spoken.
30k sale ends! very nice Told you boys, hang on to those SE V2's.... both auctions have spoken. |
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Christie's Art Auctions , by Fuzzyduck121 on Sept 24, 2019 15:24:04 GMT 1, S & S was a bargain there didnt see the condition report but I reckon theres a long way for that value to rise over the coming years
SE V2 is holding value well considering people thought it would be a flood of supply once the PC certs became available but I think it will flatten out
seems like POW did manage to at least find some decent homes via the "lottery" ahem ahem
S & S was a bargain there didnt see the condition report but I reckon theres a long way for that value to rise over the coming years
SE V2 is holding value well considering people thought it would be a flood of supply once the PC certs became available but I think it will flatten out
seems like POW did manage to at least find some decent homes via the "lottery" ahem ahem
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irl1
Full Member
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December 2017
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Christie's Art Auctions , by irl1 on Sept 24, 2019 15:32:48 GMT 1, Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right?
Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Oh my God that is some result |
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Christie's Art Auctions , by Adam The Collector on Sept 24, 2019 15:37:56 GMT 1, Happy to see "Morons" break the 40k USD mark, have always seen this as being undervalued.
Happy to see "Morons" break the 40k USD mark, have always seen this as being undervalued.
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Christie's Art Auctions , by Adam The Collector on Sept 24, 2019 15:50:24 GMT 1, Happy to see "Morons" break the 40k USD mark, have always seen this as being undervalued. I take it you still have the one you had up for sale a couple months ago....
Happy to see "Morons" break the 40k USD mark, have always seen this as being undervalued. I take it you still have the one you had up for sale a couple months ago.... I never had it for sale, it was for a trade of a white nola. Let's keep things straight No, I still have it and would only consider trading up for other Banksys. |
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Inknart
Junior Member
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April 2015
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Christie's Art Auctions , by Inknart on Sept 24, 2019 15:56:20 GMT 1, Bomb Love did great.
So the BP was not included in this sale ?
Bomb Love did great.
So the BP was not included in this sale ?
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Lazarus II
Junior Member
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August 2019
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Christie's Art Auctions , by Lazarus II on Sept 24, 2019 16:14:04 GMT 1, In the two recent online auctions I think grey NBG has gone for less than it was selling at auction for circa 18mths back. Strange (to me at least) that Sale Ends V2 would sell for more than NBG.
In the two recent online auctions I think grey NBG has gone for less than it was selling at auction for circa 18mths back. Strange (to me at least) that Sale Ends V2 would sell for more than NBG.
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Christie's Art Auctions , by Fuzzyduck121 on Sept 24, 2019 16:18:07 GMT 1, I think prints have waves of interest, one sells high, others then wade in to buy it so they can have it in the collection then the interest may slow, prints go in and out of popularity perhaps for this reason
edit: perhaps also online auctions give buyers in other territories where certain images or imagery is more popular a chance to buy and this may be reflected in the values, perhaps there is a huge drive for donut imagery in china or such like?
I think prints have waves of interest, one sells high, others then wade in to buy it so they can have it in the collection then the interest may slow, prints go in and out of popularity perhaps for this reason
edit: perhaps also online auctions give buyers in other territories where certain images or imagery is more popular a chance to buy and this may be reflected in the values, perhaps there is a huge drive for donut imagery in china or such like?
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pollz66
New Member
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May 2008
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iamzero
Full Member
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May 2011
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Christie's Art Auctions , by iamzero on Sept 24, 2019 17:45:12 GMT 1, Every time I see a yellow Choose Your Weapon I think about how crazy I thought the price paid when Ruggs sold his. Madness looking at the one sold at Christie’s.
Every time I see a yellow Choose Your Weapon I think about how crazy I thought the price paid when Ruggs sold his. Madness looking at the one sold at Christie’s.
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Carl Cashman
Artist
Junior Member
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August 2017
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Christie's Art Auctions , by Carl Cashman on Sept 24, 2019 18:42:06 GMT 1, Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right?
Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ? |
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JW
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Christie's Art Auctions , by JW on Sept 24, 2019 18:57:39 GMT 1, Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ?
Not sure to be honest. But it did come up in the estimated charges. I registered to bid (didn't pull the trigger on anything) and it was there on all, but the key word being "estimated" so it could be there by default.
Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ? Not sure to be honest. But it did come up in the estimated charges. I registered to bid (didn't pull the trigger on anything) and it was there on all, but the key word being "estimated" so it could be there by default. |
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19818914
Junior Member
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October 2018
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Christie's Art Auctions , by 19818914 on Sept 24, 2019 20:07:17 GMT 1, Resale royalty is on everything
Resale royalty is on everything
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quinn
Junior Member
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December 2017
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Christie's Art Auctions , by quinn on Sept 24, 2019 20:24:33 GMT 1, Both of them are ridiculously undervalued. It is just a matter of time before their auction results are consistently close to six figures. And I struggled to sell my S&S on here for £1,800
what did S&S finish at?
Both of them are ridiculously undervalued. It is just a matter of time before their auction results are consistently close to six figures. And I struggled to sell my S&S on here for £1,800 what did S&S finish at? |
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dogstar
New Member
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October 2017
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Christie's Art Auctions , by dogstar on Sept 24, 2019 22:45:43 GMT 1, Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ? Nope.
Additionally, ARR isn't as most people think fixed at 4%...
Portion of the Hammer Price (in EUR) Royalty Rate
From 0 to 50,000 4%
From 50,000.01 to 200,000 3%
From 200,000.01 to 350,000 1%
From 350,000.01 to 500,000 0.5%
Exceeding 500,000 0.25%
However, the total charge for ARR on any single lot cannot exceed Euros 12,500.
Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ? Nope.
Additionally, ARR isn't as most people think fixed at 4%...
Portion of the Hammer Price (in EUR) Royalty Rate
From 0 to 50,000 4%
From 50,000.01 to 200,000 3%
From 200,000.01 to 350,000 1%
From 350,000.01 to 500,000 0.5%
Exceeding 500,000 0.25%
However, the total charge for ARR on any single lot cannot exceed Euros 12,500.
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coller
Junior Member
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April 2015
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Christie's Art Auctions , by coller on Sept 24, 2019 22:52:44 GMT 1, for the record, i believe the 'hammer prices' were all about 15-20% less than the realized price listed on the site (if that matters).
i.e. the S&S 'hammered' at 30k but the final all-in price was 35k after buyer's fees, etc., which is the price listed on the christie's site now
for the record, i believe the 'hammer prices' were all about 15-20% less than the realized price listed on the site (if that matters).
i.e. the S&S 'hammered' at 30k but the final all-in price was 35k after buyer's fees, etc., which is the price listed on the christie's site now
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met
Junior Member
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June 2009
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Christie's Art Auctions , by met on Sept 25, 2019 2:03:18 GMT 1, Do the 'realised' process include the fees ? Either 395k for gold is mental or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000ARR = £12,800 Total = £424,050Did I get that right?
Besides comments already made by dogstar on the droit de suite*, the VAT figure (to the extent it's relevant) has been miscalculated.
If applicable, VAT will be 20% of the buyer's premium: £15,050 (£75,250 x 0.2)
And whether it's applicable depends on the jurisdiction of the winning bidder. VAT won't be charged on goods to be exported outside the European Union, e.g. to a US- or Hong Kong-based buyer (although such a buyer may find themselves liable for payment of import duties).
[This is also a reason why VAT is never included in the lot sale results published by auction houses.]
Do the 'realised' process include the fees ? Either 395k for gold is mental or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000ARR = £12,800 Total = £424,050Did I get that right? Besides comments already made by dogstar on the droit de suite *, the VAT figure (to the extent it's relevant) has been miscalculated. If applicable, VAT will be 20% of the buyer's premium: £15,050 (£75,250 x 0.2) And whether it's applicable depends on the jurisdiction of the winning bidder. VAT won't be charged on goods to be exported outside the European Union, e.g. to a US- or Hong Kong-based buyer (although such a buyer may find themselves liable for payment of import duties). [This is also a reason why VAT is never included in the lot sale results published by auction houses.] |
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JJN
New Member
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April 2017
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Christie's Art Auctions , by JJN on Sept 25, 2019 4:08:30 GMT 1, there are like 1,000+ Choose Your Weapon prints though, i can never tell with that EDIT: there are 608 apparently in reg editions, so not as big as i thought i think S&S got some ridiculous auction result a few years ago (like 50-60k) and people are still waking up from that. similar to what happened with CND a while back. Both of them are ridiculously undervalued. It is just a matter of time before their auction results are consistently close to six figures.
there are like 1,000+ Choose Your Weapon prints though, i can never tell with that EDIT: there are 608 apparently in reg editions, so not as big as i thought i think S&S got some ridiculous auction result a few years ago (like 50-60k) and people are still waking up from that. similar to what happened with CND a while back. Both of them are ridiculously undervalued. It is just a matter of time before their auction results are consistently close to six figures. Talking up your own book again Bob ? |
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JJN
New Member
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April 2017
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Christie's Art Auctions , by JJN on Sept 25, 2019 4:12:03 GMT 1, Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ?
VAT should only be on BP not Hammer.
Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? Isn't resale commission only on original work ? Unfourtunatly not was on my reciepts VAT should only be on BP not Hammer. |
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JJN
New Member
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April 2017
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Christie's Art Auctions , by JJN on Sept 25, 2019 4:13:08 GMT 1, Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right?
Do the 'realised' process include the fees ? Either 395k for gold is mental Doesn't include VAT (5%) or the Artist Resale Royalty (4%) by the looks of it. Hammer = £320,000 BP = £75,250 (0-225k @ 25%, 225k+ @ 20%) VAT = £16,000 ARR = £12,800 Total = £424,050Did I get that right? What are the orgianls on canvas worth now in light of this ? |
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dogstar
New Member
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October 2017
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Christie's Art Auctions , by dogstar on Sept 26, 2019 15:45:07 GMT 1, Isn't resale commission only on original work ? Nope.
Additionally, ARR isn't as most people think fixed at 4%...
Portion of the Hammer Price (in EUR) Royalty Rate
From 0 to 50,000 4%
From 50,000.01 to 200,000 3%
From 200,000.01 to 350,000 1%
From 350,000.01 to 500,000 0.5%
Exceeding 500,000 0.25%
However, the total charge for ARR on any single lot cannot exceed Euros 12,500.
Interesting (to me at least) to learn today about the 'Bought As Stock' exemption to ARR.
ARR basically covers artwork sold on the secondary market with the involvement of a dealer, gallery or auctioneer - commonly referred to as ‘art market professionals’. ARR does not apply to sales between two individuals or between an individual and a museum.
However, if an artwork is sold directly to an 'art market professional' and they resell it within three years for €10,000 or less, it is exempt from ARR. This is because the sale is covered by the ‘bought as stock’ exemption, which was put in place to allow art dealers to invest in new and upcoming artists.
Seems to me that a good deal of auction houses don't apply this exemption.
Isn't resale commission only on original work ? Nope.
Additionally, ARR isn't as most people think fixed at 4%...
Portion of the Hammer Price (in EUR) Royalty Rate
From 0 to 50,000 4%
From 50,000.01 to 200,000 3%
From 200,000.01 to 350,000 1%
From 350,000.01 to 500,000 0.5%
Exceeding 500,000 0.25%
However, the total charge for ARR on any single lot cannot exceed Euros 12,500.
Interesting (to me at least) to learn today about the 'Bought As Stock' exemption to ARR.
ARR basically covers artwork sold on the secondary market with the involvement of a dealer, gallery or auctioneer - commonly referred to as ‘art market professionals’. ARR does not apply to sales between two individuals or between an individual and a museum.
However, if an artwork is sold directly to an 'art market professional' and they resell it within three years for €10,000 or less, it is exempt from ARR. This is because the sale is covered by the ‘bought as stock’ exemption, which was put in place to allow art dealers to invest in new and upcoming artists.
Seems to me that a good deal of auction houses don't apply this exemption.
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Art!
New Member
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Member is Online
October 2016
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Christie's Art Auctions , by Art! on Oct 2, 2019 0:38:35 GMT 1, Does Christies or any of the other auctions houses send info to the IRS if you sell through them?
Does Christies or any of the other auctions houses send info to the IRS if you sell through them?
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Christie's Art Auctions , by Phear Loathing on Oct 2, 2019 3:25:56 GMT 1, Does Christies or any of the other auctions houses send info to the IRS if you sell through them?
You post what I’ve thought.
Does Christies or any of the other auctions houses send info to the IRS if you sell through them? You post what I’ve thought. |
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Christie's Art Auctions , by Adam The Collector on Oct 2, 2019 3:27:55 GMT 1, Does Christies or any of the other auctions houses send info to the IRS if you sell through them? You post what I’ve thought.
Does Christies or any of the other auctions houses send info to the IRS if you sell through them? You post what I’ve thought. When you deposit the check for 10k USD or more the irs knows. No way around it! Hence all the "private" "cash only" deals you see on here. |
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Christie's Art Auctions , by Shoot Again on Oct 2, 2019 15:01:02 GMT 1, Does Christies or any of the other auctions houses send info to the IRS if you sell through them?
Does Christies or any of the other auctions houses send info to the IRS if you sell through them? Yes they do |
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lv90210
Junior Member
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January 2018
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Christie's Art Auctions , by lv90210 on Oct 2, 2019 15:02:55 GMT 1, Does Christies or any of the other auctions houses send info to the IRS if you sell through them? Yes they do
Does Christies or any of the other auctions houses send info to the IRS if you sell through them? Yes they do School boy.... tax bill on the way duuuddddeesssss.... |
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