I changed my name to the CND symbol to get around these issues, I can pretty much buy any dedicated Banksy at auction these days, my name is always on there

Was that hammer or all in does anyone know? If all in that's a decent buy imo.

www.mctears.co.uk/auction/lot/lot--banksy-british-b-1974/?lot=315975






Whereas major auction houses typically include the buyer's premium in their published sale results, a number of national, provincial and local auction houses simply display their hammer prices.

This inconsistency of approach is regrettable, since it can lead to confusion for anyone who likes to keep an eye on the auction results achieved by certain artists.



But the problem is not insurmountable.

Below shows how we can work out the answer to your question, independently and for ourselves.



***To members who already know "how to fish", please ignore the rather longwinded steps that follow.


__________



1.  Note the relevant auction house and published sale price:

McTear's and £50,000.



2.  Google the auction house name along with "buyer's premium" or "buyer's fee".

In this instance, the search results state the buyer's premium for McTear's is 24% of the hammer price — plus VAT on the hammer price, to the extent applicable.

See point 3 (Buyer's Premium) in the McTear's Terms of Business*.



3.  If the published sale results of McTear's do include the buyer's premium, then dividing £50,000 by 1.24 (100% of the hammer price, plus the 24% buyer's premium), should lead to a clean number — i.e. a hammer price that could be achieved through the normal bidding increments of an auction house.



4.  50,000 ÷ 1.24 = 40,322.5806452

Since no auction house would have bid increments leading to a figure of £40,322, we can safely assume the McTear's published sale result of £50,000 reflects the hammer price only.



5.  Additional charges


5.1  The buyer's premium in this case would be £12,000 (£50,000 @ 24%).


5.2  If applicable (in other words, if the winning bidder is based in the UK), VAT on the buyer's premium would be £2,400 (£12,000 @ 20%).


5.3  The artist's resale right, based on the hammer price when converted into euros on the date of sale (in this case, the hammer price being approximately €58,169.97), will be mostly subject to a 4% royalty (€1,000–€50,000), and partly subject to a 3% royalty (€50,000–€200,000), for an ARR in sterling of about £1,929.78.



Approximate total price payable by a UK-based buyer:

£66,329.78

(£50,000.00 + £12,000.00 + £2,400.00 + £1,929.78)

For the first time you may be right on one thing as the toilet paper market will continue to grow in the future. However, this growth could be linked to the constant 💩💩💩 that you come out with.

Hi all,

Looking for a Banksy 'Agile' work from the edition of 50 from the Legacy Of War Foundation lottery. We understand these don't have PC COA yet and can also guarantee a discrete deal. Would need to have the paperwork provided from the original purchase.

If you are looking to sell please email sales@tgbcontemporary.com or send a DM.

Cheers

TGB

Wow ! Congrats !!
I saw Banskiat at 60,000 ( it did not lost too much in value at the contrary of other old Banksy prints ) , but Fragile should be at 100 or more no ? )
It will give you a free bump !