Auctioneers commission query

[Grand Fromage]

I have had a couple of paintings for sale through a specialist gallery for several months now, and have had no interest at all. I am looking to put them up for auction but would like to know how big the commission would be?
They are relatively 'special' paintings so would they need to go to a specialist auction?

Many thanks

[Maxf]

Depends on the auction house. About 15% plus vat would probably be normal. I paid 20% in the US, but no tax.

Then there is buyers premium as well, obviously you don't have to worry about it but it may limit the amount buyers will/can pay.

[elster]

15% plus VAT if I remember rightly from previous auctions.

This is for art, unsure about anything else though.

[jshell]

Research very carefully with each auction house as they all vary and then add VAT. Some have hidden costs so make sure they give you an 'all inclusive' estimate.

[Grand Fromage]

So if I had reserves of £15 000 and £25 000 and they sold for reserve, what would I be looking at taking home, after everything, including CGT?

[space1999]

Vendor commission 15% of hammer price £10 minimum lot fee, unsold charge £10 waived in the event of no reserve being set. Charges also for internet listings and could be a fee for reserve but all auction houses differ. Best to ask and find out.

[Grand Fromage]

Sounds more expensive than I though

Can't interest anyone in two exquisite John Cunnighams can I?

[elster]

Grand Fromage said:

So if I had reserves of £15 000 and £25 000 and they sold for reserve, what would I be looking at taking home, after everything, including CGT?

I've only used Bonhams. So on 15k it would be 15000 - 750 (for the 15% of 5k) - 1000 (for 10% of 10k) then you add the VAT onto the 1750 = 2057.

So on 15k you take home approx 13k. Think that is about right.

[elster]

Grand Fromage said:

Sounds more expensive than I though

Can't interest anyone in two exquisite John Cunnighams can I?

Yeah I'll have then Oh you want payment as well...maybe not for me then

[Grand Fromage]

elster said:

Grand Fromage said:

Sounds more expensive than I though

Can't interest anyone in two exquisite John Cunnighams can I?

Yeah I'll have then Oh you want payment as well...maybe not for me then

Thanks for your help. Go on, you know you have to have them, and they are really cheap

[elster]

Grand Fromage said:

elster said:

Grand Fromage said:

Sounds more expensive than I though

Can't interest anyone in two exquisite John Cunnighams can I?

Yeah I'll have then Oh you want payment as well...maybe not for me then

Thanks for your help. Go on, you know you have to have them, and they are really cheap

Any chance of a pic, way out of my laegue. Think my most expensive artwork is around the 1k mark. Well till my gran dies (it's an ongoing joke between me and my gran, honestly not being a barsteward)

[Grand Fromage]

Raised beaches on Colonsay is one of mine, the other is a smaller one of some sheep on a nice background. Both framed and perfect condition, you can view them at the gallery which is near Sloane Square.

http://www.flyingcoloursgallery.com/artist.aspx?Ar...

Edited by Grand Fromage on Monday 18th August 15:56

[Maxf]

Out of interest, what kind of fee/commission are the gallary charging for the sale?

[Grand Fromage]

Maxf said:

Out of interest, what kind of fee/commission are the gallary charging for the sale?

I forget as we had a very informal agreement but I think it was around 5% possibly more. Sorry