Argiebaji
Junior Member
π¨οΈ 3,015
ππ» 1,183
June 2008
|
TateWard β’ Art Auctions π¬π§, by Argiebaji on Jun 25, 2020 15:48:04 GMT 1, The u/s Love Rat sold at Β£30K.
Is this the norm now for this 2004 print.
The u/s Love Rat sold at Β£30K.
Is this the norm now for this 2004 print.
|
|
lv90210
Junior Member
π¨οΈ 2,030
ππ» 1,926
January 2018
|
TateWard β’ Art Auctions π¬π§, by lv90210 on Jun 25, 2020 15:50:09 GMT 1, The u/s Love Rat sold at Β£30K. Is this the norm now for this 2004 print.
The u/s Love Rat sold at Β£30K. Is this the norm now for this 2004 print. Β£32,160 you mean. |
|
illycup
New Member
π¨οΈ 34
ππ» 17
June 2020
|
TateWard β’ Art Auctions π¬π§, by illycup on Jun 25, 2020 19:12:14 GMT 1, Sorry, maybe the wrong forum to ask - but what are shipping companies you are usually using to send your art from London's auction houses to US?
Sorry, maybe the wrong forum to ask - but what are shipping companies you are usually using to send your art from London's auction houses to US?
|
|
daniel3886
Junior Member
π¨οΈ 1,250
ππ» 995
October 2006
|
TateWard β’ Art Auctions π¬π§, by daniel3886 on Jun 25, 2020 19:43:48 GMT 1, Sorry, maybe the wrong forum to ask - but what are shipping companies you are usually using to send your art from London's auction houses to US?
We are also considering bringing shipping/packing in house to streamline the process and give our clients an end to end service. Watch this space.
Sorry, maybe the wrong forum to ask - but what are shipping companies you are usually using to send your art from London's auction houses to US? We normally use Flight Logistics we do have a second option, Evora Logisitcs if you wanted to get 2 quotes and see how the quotes compare. We are also considering bringing shipping/packing in house to streamline the process and give our clients an end to end service. Watch this space. |
|
njr911
Junior Member
π¨οΈ 2,381
ππ» 420
April 2007
|
TateWard β’ Art Auctions π¬π§, by njr911 on Jun 26, 2020 9:12:54 GMT 1, Β£62,400 inc buyers premium and VAT Kapppppppowwwww ! I wont share how many I own.
I struggled to sell one for Β£1,600 
Β£62,400 inc buyers premium and VAT Kapppppppowwwww ! I wont share how many I own. I had two very shortly after release, sequential numbers, from totally separate purchases. I struggled to sell one for Β£1,600 |
|
begs
New Member
π¨οΈ 999
ππ» 340
September 2010
|
TateWard β’ Art Auctions π¬π§, by begs on Aug 12, 2020 15:06:43 GMT 1, Some nice pieces in this Auction
Some nice pieces in this Auction
|
|
|
|
daniel3886
Junior Member
π¨οΈ 1,250
ππ» 995
October 2006
|
TateWard β’ Art Auctions π¬π§, by daniel3886 on Aug 13, 2020 20:01:13 GMT 1, Nice of you to notice! Our next online sale with Artsy is currently live and ends on the 25th August. A selection of works across Urban and Contemporary genreβs with works by some of the big names in both.
If you have any questions on provenance or condition please email Harry@tateward.com and weβll be happy to assist you.
We appreciate the continued support from both buyers and sellers. Our next βliveβ Auction will be in October.
If you have a piece youβre looking to consign please contact myself or Nick for an estimate and to discuss terms. Our lot minimum is Β£500 and we only go below that as a courtesy to consigners of higher value works.
Danny@tateward.com
Nick@tateward.com
Nice of you to notice! Our next online sale with Artsy is currently live and ends on the 25th August. A selection of works across Urban and Contemporary genreβs with works by some of the big names in both.
If you have any questions on provenance or condition please email Harry@tateward.com and weβll be happy to assist you.
We appreciate the continued support from both buyers and sellers. Our next βliveβ Auction will be in October.
If you have a piece youβre looking to consign please contact myself or Nick for an estimate and to discuss terms. Our lot minimum is Β£500 and we only go below that as a courtesy to consigners of higher value works.
Danny@tateward.com
Nick@tateward.com
|
|
vickyv
New Member
π¨οΈ 100
ππ» 150
November 2019
|
TateWard β’ Art Auctions π¬π§, by vickyv on Aug 14, 2020 14:09:13 GMT 1, See theyβve got a Banksquiat in it too - itβll be interesting to see what this goes for...
See theyβve got a Banksquiat in it too - itβll be interesting to see what this goes for...
|
|
|
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 20, 2020 11:49:37 GMT 1, If you use this link its easier to see the current bids.
link
If you use this link its easier to see the current bids. link |
|
iamzero
Full Member
π¨οΈ 9,190
ππ» 8,545
May 2011
|
TateWard β’ Art Auctions π¬π§, by iamzero on Aug 20, 2020 12:42:12 GMT 1, A couple of things in there are of interest but I know nothing about how auctions work. If I bid on something for Β£1k for example what other fees am I like to stump for. I can see 25% for final hammer so that takes me immediately to Β£1250 actual payment but what else is there?
A couple of things in there are of interest but I know nothing about how auctions work. If I bid on something for Β£1k for example what other fees am I like to stump for. I can see 25% for final hammer so that takes me immediately to Β£1250 actual payment but what else is there?
|
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 20, 2020 12:45:58 GMT 1, Plus vat on the fees which takes you to 30% of Hammer amount.
Plus another 4 % if ARR Artist Resale Rights applies
Plus vat on the fees which takes you to 30% of Hammer amount.
Plus another 4 % if ARR Artist Resale Rights applies
|
|
iamzero
Full Member
π¨οΈ 9,190
ππ» 8,545
May 2011
|
TateWard β’ Art Auctions π¬π§, by iamzero on Aug 20, 2020 12:47:48 GMT 1, Plus vat on the fees which takes you to 30% of Hammer amount
Β£1300 to pay on a Β£1k winning bid?
Plus vat on the fees which takes you to 30% of Hammer amount Β£1300 to pay on a Β£1k winning bid? |
|
woodman
New Member
π¨οΈ 236
ππ» 216
June 2017
|
TateWard β’ Art Auctions π¬π§, by woodman on Aug 20, 2020 12:48:25 GMT 1, I think the 25% is plus VAT as well so that's 30% plus ARR so up to a total of 34% but unsure if that applies to all the sales. I think the actual final fees are hidden for one reason or another (but I am a very cynical person)!!
Happy to be corrected as I have only purchased once at auction years ago, with no ARR applied.
I think the 25% is plus VAT as well so that's 30% plus ARR so up to a total of 34% but unsure if that applies to all the sales. I think the actual final fees are hidden for one reason or another (but I am a very cynical person)!!
Happy to be corrected as I have only purchased once at auction years ago, with no ARR applied.
|
|
|
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 20, 2020 12:49:12 GMT 1, just edited my post
Possible plus another 4% of hammer
just edited my post
Possible plus another 4% of hammer
|
|
woodman
New Member
π¨οΈ 236
ππ» 216
June 2017
|
TateWard β’ Art Auctions π¬π§, by woodman on Aug 20, 2020 12:50:27 GMT 1, Plus vat on the fees which takes you to 30% of Hammer amount Β£1300 to pay on a Β£1k winning bid?
Sorry I was meant to quote you in my first post.
Plus vat on the fees which takes you to 30% of Hammer amount Β£1300 to pay on a Β£1k winning bid? Β£1340 if ARR applies (I think). Sorry I was meant to quote you in my first post. |
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 20, 2020 13:03:39 GMT 1, That's my understanding
That's my understanding
|
|
woodman
New Member
π¨οΈ 236
ππ» 216
June 2017
|
TateWard β’ Art Auctions π¬π§, by woodman on Aug 20, 2020 13:10:15 GMT 1, The sales in the auction yesterday only show up with the BP and not including the VAT or ARR, but I am unsure if that is how they are recorded generally. The banksy-value site has them recorded as cost + BP with no VAT or ARR so assume that is how they record them on their site.
The sales in the auction yesterday only show up with the BP and not including the VAT or ARR, but I am unsure if that is how they are recorded generally. The banksy-value site has them recorded as cost + BP with no VAT or ARR so assume that is how they record them on their site.
|
|
fusion0001
New Member
π¨οΈ 146
ππ» 415
November 2019
|
TateWard β’ Art Auctions π¬π§, by fusion0001 on Aug 20, 2020 13:29:46 GMT 1, The sales in the auction yesterday only show up with the BP and not including the VAT or ARR, but I am unsure if that is how they are recorded generally. The banksy-value site has them recorded as cost + BP with no VAT or ARR so assume that is how they record them on their site.
I usually try to record it based on what a local buyer would pay. My understanding on the Christies USA lots there would not be ARR collected and also in most cases no additional VAT, but may be someone who knows the exact rules can correct me.
On the other hand on UK sales there is no way around having to pay ARR and VAT if you buy locally.
The sales in the auction yesterday only show up with the BP and not including the VAT or ARR, but I am unsure if that is how they are recorded generally. The banksy-value site has them recorded as cost + BP with no VAT or ARR so assume that is how they record them on their site. I usually try to record it based on what a local buyer would pay. My understanding on the Christies USA lots there would not be ARR collected and also in most cases no additional VAT, but may be someone who knows the exact rules can correct me. On the other hand on UK sales there is no way around having to pay ARR and VAT if you buy locally. |
|
axel
New Member
π¨οΈ 80
ππ» 49
November 2019
|
TateWard β’ Art Auctions π¬π§, by axel on Aug 20, 2020 22:47:19 GMT 1, So, rule is: bid + hummer + arr.
The vat is applied only on the hummer fee, and is payable if you are a private.
If that goes via a UK company you will be able to recover the cost. If the transaction goes through a foreign company the vat is not applied (depending where the entity is incorporated).
With this said, I think the Tate Ward auction has some interesting pieces, like the Liechtenstein cow triptic, has good estimate, curious to see how high it goes...
So, rule is: bid + hummer + arr.
The vat is applied only on the hummer fee, and is payable if you are a private.
If that goes via a UK company you will be able to recover the cost. If the transaction goes through a foreign company the vat is not applied (depending where the entity is incorporated).
With this said, I think the Tate Ward auction has some interesting pieces, like the Liechtenstein cow triptic, has good estimate, curious to see how high it goes...
|
|
daniel3886
Junior Member
π¨οΈ 1,250
ππ» 995
October 2006
|
TateWard β’ Art Auctions π¬π§, by daniel3886 on Aug 21, 2020 8:14:32 GMT 1, Total added fees to a uk buyer on a lot where ARR applies (European artist selling above 1000 euros) 34%
25% BP
5% VAT (charged on the premium only)
4% ARR
UK registered companies can reclaim the VAT element
Buyers outside the EU can request the VAT is removed from their invoice.
Hope that clarifies. Results are recorded at most auction houses as Hammer + BP = Realised Price
Local taxes and ARR vary from location to location so recording in the manor above creates a level playing field for comparison.
Artsy have implemented some more rigorous identity checks to comply with AML legislation which is meaning registrations can take slightly longer. If you intend to bid please register early to allow for this, also if you have having trouble with the process please contact specialist@artsymail.com for assistance. Iβm told it works much better from a phone as opposed to the desktop site.
Total added fees to a uk buyer on a lot where ARR applies (European artist selling above 1000 euros) 34%
25% BP
5% VAT (charged on the premium only)
4% ARR
UK registered companies can reclaim the VAT element
Buyers outside the EU can request the VAT is removed from their invoice.
Hope that clarifies. Results are recorded at most auction houses as Hammer + BP = Realised Price
Local taxes and ARR vary from location to location so recording in the manor above creates a level playing field for comparison.
Artsy have implemented some more rigorous identity checks to comply with AML legislation which is meaning registrations can take slightly longer. If you intend to bid please register early to allow for this, also if you have having trouble with the process please contact specialist@artsymail.com for assistance. Iβm told it works much better from a phone as opposed to the desktop site.
|
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 24, 2020 8:40:28 GMT 1, Very slow going so far!
Banksquiat is currently at 50k
Very slow going so far!
Banksquiat is currently at 50k
|
|
|
|
jp226
Junior Member
π¨οΈ 1,074
ππ» 949
July 2010
|
TateWard β’ Art Auctions π¬π§, by jp226 on Aug 24, 2020 17:25:28 GMT 1, Very slow going so far! Banksquiat is currently at 50k
Very slow going so far! Banksquiat is currently at 50k I've noticed the last few auctions to have Banksy works were slow and go until the day of. |
|
|
|
TateWard β’ Art Auctions π¬π§, by Phear Loathing on Aug 26, 2020 4:31:11 GMT 1, What did this go for?
What did this go for?
|
|
Shoeless
Junior Member
π¨οΈ 1,112
ππ» 624
February 2011
|
TateWard β’ Art Auctions π¬π§, by Shoeless on Aug 26, 2020 5:10:11 GMT 1,
Auction actually ends on Thursday.
Still at Β£50k with 3 bidders
Auction actually ends on Thursday. Still at Β£50k with 3 bidders |
|
|
|
TateWard β’ Art Auctions π¬π§, by Phear Loathing on Aug 26, 2020 5:37:45 GMT 1, Ahh oops!
Ahh oops!
|
|
Winter
Junior Member
π¨οΈ 7,155
ππ» 4,461
March 2007
|
TateWard β’ Art Auctions π¬π§, by Winter on Aug 26, 2020 8:10:31 GMT 1, Very slow going so far! Banksquiat is currently at 50k
So who will be the sucker who forgets about the 30% premium and massively over pays for that one?
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? |
|
F*X
New Member
π¨οΈ 556
ππ» 400
February 2009
|
TateWard β’ Art Auctions π¬π§, by F*X on Aug 26, 2020 10:50:24 GMT 1, Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one?
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? 34% Inc ARR |
|
saint
Junior Member
π¨οΈ 4,887
ππ» 1,881
September 2010
|
TateWard β’ Art Auctions π¬π§, by saint on Aug 26, 2020 11:18:13 GMT 1, Monkey parliament poster currently at Β£4250..... World has gone cray cray.
Monkey parliament poster currently at Β£4250..... World has gone cray cray.
|
|
Deleted
π¨οΈ 0
ππ»
January 1970
|
TateWard β’ Art Auctions π¬π§, by Deleted on Aug 26, 2020 11:29:28 GMT 1, Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one?
Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark.
Very slow going so far! Banksquiat is currently at 50k So who will be the sucker who forgets about the 30% premium and massively over pays for that one? If you've got Β£50k plus to drop on a piece of art you'd hope you'd be wise to additional auction costs. Given this is the first to come up for auction, couldn't really say any price would be overpaying, because we don't know what the benchmark is. This is setting the benchmark. |
|
