begs
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Posts: 765
Member Since: September 2010
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Fees
Fees
Dec 13, 2020 16:23:22 GMT 1
Fees , by begs on Dec 13, 2020 16:23:22 GMT 1, Afternoon All
As anybody sold lately. Is there any negotiation on fees when selling at the Big action houses .
I am thinking of selling a piece next year and just weighing up my options.
Thanks all and keep safe
Begs
Afternoon All
As anybody sold lately. Is there any negotiation on fees when selling at the Big action houses .
I am thinking of selling a piece next year and just weighing up my options.
Thanks all and keep safe
Begs
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Fees
Fees
Dec 13, 2020 17:37:01 GMT 1
begs likes this
Fees , by brownbuffalo13 on Dec 13, 2020 17:37:01 GMT 1, you should absolutely negotiate, i've been selling thru an auction house and they only take 2 to 4 % depending on value, but when i first started working with them they took 6%.
you should absolutely negotiate, i've been selling thru an auction house and they only take 2 to 4 % depending on value, but when i first started working with them they took 6%.
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earthlinga2
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Member Since: November 2019
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Fees , by earthlinga2 on Dec 13, 2020 17:49:48 GMT 1, If you are a new customer to a big auction house then they will probably try and rip you off with exorbitant fees. Play hard to get. If you have rare stuff then they will want to sell it and, therefore, they should give you a good discount for choosing them. Buyer's fees on the hammer price is where they make the bulk of their profits.
If you are a new customer to a big auction house then they will probably try and rip you off with exorbitant fees. Play hard to get. If you have rare stuff then they will want to sell it and, therefore, they should give you a good discount for choosing them. Buyer's fees on the hammer price is where they make the bulk of their profits.
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snakes
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Posts: 419
Member Since: October 2012
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Fees
Fees
Jan 4, 2021 20:23:15 GMT 1
begs likes this
Fees , by snakes on Jan 4, 2021 20:23:15 GMT 1, Cheers for making this post as it was something that I was curious about too.
Cheers for making this post as it was something that I was curious about too.
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Rubberneck
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Posts: 858
Member Since: October 2018
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Fees , by Rubberneck on Jan 4, 2021 20:52:13 GMT 1, O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling
O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling
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begs
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Posts: 765
Member Since: September 2010
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Fees
Fees
Jan 5, 2021 16:38:37 GMT 1
Fees , by begs on Jan 5, 2021 16:38:37 GMT 1, O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling
O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling What Auction house does that |
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thor
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Posts: 153 
Member Since: March 2015
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Fees
Fees
Jan 7, 2021 1:34:05 GMT 1
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begs and JFCC like this
Fees , by thor on Jan 7, 2021 1:34:05 GMT 1, I recommend Forum auctions as you can negotiate zero seller's fees and they Will even provide shipping and insurance for free if required, good guys and gals to deal with and very helpful so look them up anyone thinking of selling, and also look out for Forums upcoming 'Only Banksy' sale on 27th January as there will be some great pieces coming up !!!
Best wishes and good luck with future sales everyone..
I recommend Forum auctions as you can negotiate zero seller's fees and they Will even provide shipping and insurance for free if required, good guys and gals to deal with and very helpful so look them up anyone thinking of selling, and also look out for Forums upcoming 'Only Banksy' sale on 27th January as there will be some great pieces coming up !!!
Best wishes and good luck with future sales everyone..
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Onket
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Posts: 123
Location: United Kingdom
Member Since: January 2021
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Fees
Fees
Jan 12, 2021 15:47:33 GMT 1
begs likes this
Fees , by Onket on Jan 12, 2021 15:47:33 GMT 1, I got absolutely hammered on various fees the one time I sold something through a 'proper' auction house (Bonhams). I regret it and do feel they took advantage, but part of me all the way through knew I obtained the piece free of charge so whatever I got was pure profit. Still wish I'd kept it, though.
My advice- think seriously and negotiate. Don't leave items with them for ages in storage. See if they will allow the use of your own photos. That kind of thing.
I got absolutely hammered on various fees the one time I sold something through a 'proper' auction house (Bonhams). I regret it and do feel they took advantage, but part of me all the way through knew I obtained the piece free of charge so whatever I got was pure profit. Still wish I'd kept it, though.
My advice- think seriously and negotiate. Don't leave items with them for ages in storage. See if they will allow the use of your own photos. That kind of thing.
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artcave
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we are stardust we are golden
Posts: 3,255
Member Since: March 2014
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Fees , by artcave on Jan 12, 2021 15:50:15 GMT 1, I recommend Forum auctions as you can negotiate zero seller's fees and they Will even provide shipping and insurance for free if required, good guys and gals to deal with and very helpful so look them up anyone thinking of selling, and also look out for Forums upcoming 'Only Banksy' sale on 27th January as there will be some great pieces coming up !!! Best wishes and good luck with future sales everyone..
are you working for them?
I recommend Forum auctions as you can negotiate zero seller's fees and they Will even provide shipping and insurance for free if required, good guys and gals to deal with and very helpful so look them up anyone thinking of selling, and also look out for Forums upcoming 'Only Banksy' sale on 27th January as there will be some great pieces coming up !!! Best wishes and good luck with future sales everyone..
are you working for them?
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thor
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Posts: 153
Member Since: March 2015
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Fees
Fees
Jan 12, 2021 16:19:01 GMT 1
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ABC, mj, and 5 more like this
Fees , by thor on Jan 12, 2021 16:19:01 GMT 1, No not working for Forum but I have recently consigned my Grin reaper for sale with them on the 27th this month and they were absolutely brilliant with me.
They arranged shipping, insurance, covered all costs, and I negotiated a no seller's fee on hammer so yes I'm bloody singing their praises because they deserve it..
Thankyou and best wishes..
No not working for Forum but I have recently consigned my Grin reaper for sale with them on the 27th this month and they were absolutely brilliant with me.
They arranged shipping, insurance, covered all costs, and I negotiated a no seller's fee on hammer so yes I'm bloody singing their praises because they deserve it..
Thankyou and best wishes..
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yorky
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Member Since: July 2017
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Fees , by yorky on Jan 12, 2021 16:31:27 GMT 1, I negotiated a no seller's fee on hammer ..
I negotiated a no seller's fee on hammer .. This is very handy to know. |
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mj
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Posts: 673
Member Since: October 2007
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Fees
Fees
Jan 12, 2021 17:07:56 GMT 1
Fees , by mj on Jan 12, 2021 17:07:56 GMT 1, Advise need from members who have consigned Banksy prints to a auction house.
Did you sent the Coa with the art work when courier picked up, or you sent later.
Also if sent later was this after the sale or before?
One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot?
Many thanks
Advise need from members who have consigned Banksy prints to a auction house.
Did you sent the Coa with the art work when courier picked up, or you sent later.
Also if sent later was this after the sale or before?
One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot?
Many thanks
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nola
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Posts: 2
Member Since: January 2021
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Fees
Fees
Jan 12, 2021 18:05:15 GMT 1
mj likes this
Fees , by nola on Jan 12, 2021 18:05:15 GMT 1, Advise need from members who have consigned Banksy prints to a auction house. Did you sent the Coa with the art work when courier picked up, or you sent later. Also if sent later was this after the sale or before? One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot? Many thanks
Advise need from members who have consigned Banksy prints to a auction house. Did you sent the Coa with the art work when courier picked up, or you sent later. Also if sent later was this after the sale or before? One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot? Many thanks I would always advise sending the art and the COA in different packages. Most auction houses would want it prior to sale. In this market I would not expect anyone to have to pay sellers fees....the buyers premiums are high enough. Theoretically you would pay VAT on sellers commission - but then again I dont think you should pay any! |
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mj
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Posts: 673
Member Since: October 2007
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Fees
Fees
Jan 12, 2021 20:08:30 GMT 1
Fees , by mj on Jan 12, 2021 20:08:30 GMT 1, Advise need from members who have consigned Banksy prints to a auction house. Did you sent the Coa with the art work when courier picked up, or you sent later. Also if sent later was this after the sale or before? One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot? Many thanks I would always advise sending the art and the COA in different packages. Most auction houses would want it prior to sale. In this market I would not expect anyone to have to pay sellers fees....the buyers premiums are high enough. Theoretically you would pay VAT on sellers commission - but then again I dont think you should pay any!
Advise need from members who have consigned Banksy prints to a auction house. Did you sent the Coa with the art work when courier picked up, or you sent later. Also if sent later was this after the sale or before? One last question, I live in the EU so will I have to pay any UK tax on the sale and is 5%sellers fee a lot? Many thanks I would always advise sending the art and the COA in different packages. Most auction houses would want it prior to sale. In this market I would not expect anyone to have to pay sellers fees....the buyers premiums are high enough. Theoretically you would pay VAT on sellers commission - but then again I dont think you should pay any! Thank you very much nola, will defo do that. Will also negotiate the sellers fees or shop around |
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thor
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Posts: 153
Member Since: March 2015
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Fees
Fees
Jan 12, 2021 21:19:44 GMT 1
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mj likes this
Fees , by thor on Jan 12, 2021 21:19:44 GMT 1, Yes always send the coa separately but before auction date as auction houses will require it..
Yes always send the coa separately but before auction date as auction houses will require it..
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Fees
Fees
Jan 14, 2021 10:47:37 GMT 1
Fees , by seasonofmist on Jan 14, 2021 10:47:37 GMT 1, O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling
I wish I had known that a few weeks prior, I'm on 5% with Forum Auction now :-(
O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling I wish I had known that a few weeks prior, I'm on 5% with Forum Auction now :-( |
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Dive Jedi ⭐
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May the bubbles be with you
Posts: 5,375
Member Since: October 2015
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Fees
Fees
Jan 14, 2021 10:52:19 GMT 1
Fees , by Dive Jedi ⭐ on Jan 14, 2021 10:52:19 GMT 1, O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling I wish I had known that a few weeks prior, I'm on 5% with Forum Auction now :-( 
If you are selling a 200K item, I'm sure they'll be happy with a 10% cut.
O% sellers fee + percentage of the buyers premium .. of course depends what you’re selling I wish I had known that a few weeks prior, I'm on 5% with Forum Auction now :-( Probably depends wether you are selling a Peckham Rock or a signed GWRB If you are selling a 200K item, I'm sure they'll be happy with a 10% cut. |
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bigbossman
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Posts: 19
Member Since: January 2021
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Fees
Fees
Jan 14, 2021 11:14:43 GMT 1
Fees , by bigbossman on Jan 14, 2021 11:14:43 GMT 1, I was considering consigning an item last year to an auction house and played it a bit dumb to see what kind of percentage they offered. They kindly said they'd reduce their normal price of 20% down to 15%. Needless to say I decided against consigning with them!
I was considering consigning an item last year to an auction house and played it a bit dumb to see what kind of percentage they offered. They kindly said they'd reduce their normal price of 20% down to 15%. Needless to say I decided against consigning with them!
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JFCC
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Posts: 88
Member Since: May 2020
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Fees , by JFCC on Jan 14, 2021 12:07:40 GMT 1, Totally mirror the above! 0%!!!
Forum are very good indeed, a class act, helpful efficient and make it easy.
Phillips and Sothebys are likewise but will they and charge you for it if you don't know better. Push hard there is serious competition out there for Banksy works and they will all go to 0%. The big houses may try charge marketing at the big houses, resist is my advice.
The online auctions at the big 3 seem to be the best performers. Bonhams has always been slightly behind for the seller but great to buy from!
100% avoid Tate Ward Online though (enough has been said about the House itself so see the other threads) as that is the worst route to sale.
Totally mirror the above! 0%!!!
Forum are very good indeed, a class act, helpful efficient and make it easy.
Phillips and Sothebys are likewise but will they and charge you for it if you don't know better. Push hard there is serious competition out there for Banksy works and they will all go to 0%. The big houses may try charge marketing at the big houses, resist is my advice.
The online auctions at the big 3 seem to be the best performers. Bonhams has always been slightly behind for the seller but great to buy from!
100% avoid Tate Ward Online though (enough has been said about the House itself so see the other threads) as that is the worst route to sale.
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