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CHRISTIE’S BUYER’S PREMIUM SCHEDULE
Effective 30 September 2013

Following an internal business review, Christie’s International announces an updated Buyer’s Premium schedule that will result in a modest increase in the fee paid by the successful buyer of an item at auction. Christie’s last updated its Buyer’s Premium fees in March 2013, for the first time in five years. This secondary amendment is a reflection of our current global expansion initiatives and associated increases in costs, including shipping, insurance, security, and marketing fees. As always, Christie’s strives to manage its costs closely and minimize the impact of these additional fees on our clients while remaining competitive and maintaining our commitment to exceptional client service across all of Christie’s locations globally.

Please note: Any timed online-only auction that opens for bidding prior to September 30, 2013, will continue to use the current Buyer’s Premium schedule.

For all collecting categories other than Wine, the September update to the fee schedule amends the price thresholds at which fees are applied (see detail below) but presents no change to the fee percentages themselves.

For Wine auctions only, a flat 0.5% increase will be implemented for all live and online-only Wine auctions hosted through Christie’s main sales sites in New York, Hong Kong, London, Geneva, and Paris.

CHRISTIE’S BUYER’S PREMIUM SCHEDULE FOR ALL CATEGORIES EXCEPT WINE
(except where stated these rates are net of local applicable taxes)

Sale Room
Rate

Threshold
(as of 30 September 2013)
Threshold
(prior to 30 September 2013)
New York


25.0% Up to $100,000 Up to $75,000
20.0% $100,001 to $2,000,000 $75,001 to $1,500,000
12.0% $2,000,001 and above $1,500,001 and above
King Street/South Kensington

25.0% Up to £50,000 Up to £37,500
20.0% £50,001 to £1,000,000 £37,501 to £750,000
12.0% £1,000,001 and above £750,001 and above
Paris


25.0% Up to €30,000 Up to €30,000
20.0% €30,001 to €1,200,000 €30,001 to €1,200,000
12.0% €1,200,001 and above €1,200,001 and above
Amsterdam
(all inclusive rates)

30.25% Up to €30,000 Up to €30,000
24.20% €30,001 to €1,200,000 €30,001 to €1,200,000
14.52% €1,200,001 and above €1,200,001 and above
Milan
(all inclusive rates)

30.0% Up to €30,000 Up to €30,000
26.0% €30,001 to €1,200,000 €30,001 to €1,200,000
18.5% €1,200,001 and above €1,200,001 and above
Geneva


25.0% Up to CHF 100,000 Up to CHF 75,000
20.0% CHF 100,001 to CHF 2,000,000 CHF75,001 to CHF1,500,000
12.0% CHF2,000,001 and above CHF1,500,001 and above
Zurich
20.0% No threshold No threshold
Hong Kong


25.0% Up to HK$800,000 Up to HK$600,000
20.0% HK$800,001 to HK$15,000,000 HK$600,001 to HK$12,000,000
12.0% HK$15,000,001 and above HK$12,000,001 and above
Dubai


25.0% Up to $100,000 Up to $75,000
20.0% $100,001 to $2,000,000 $75,001 to $1,500,000
12.0% $2,000,001 and above $1,500,001 and above
Mumbai


25.0% Up to INR 4,500,000 n/a
20.0% INR 4,500,000 to INR 90,000,000 n/a
12.0% INR 90,000,000 and above n/a


Additional Information

Paris
For Paris auctions additional charges apply to lots marked with the f, ff and + symbols.

Amsterdam
Amsterdam rates are quoted inclusive of VAT in catalogues. The VAT-inclusive rates are: 30.25% up to €30,000; 24.20% €30,001 - €1,200,000; and 14.52% on €1,200,001 and above.

Milan
Milan rates are quoted all-inclusive.

Geneva
VAT of 8.0% is added to the hammer price and to the premium. This tax is refunded to buyers domiciled outside Switzerland upon receipt by Christie's for each object of an export declaration stamped by Swiss Customs. This refund is recovered by Christie's from the Swiss Fiscal Authorities only on presentation of the stamped declaration. The Authorities will not entertain a claim without presentation of this form duly stamped by Swiss Customs. The total amount obtained by adding to the hammer price the buyer's commission and VAT shall constitute the purchase price for the purposes hereof.

For Wine Only:

Effective for sales beginning on or after 30 September.

All rates quoted below exclude local sales taxes.

CHRISTIE’S BUYER’S PREMIUM SCHEDULE FOR WINE
Sale Room

Threshold

Rate
(as of 30 September 2013)
Rate
(prior to 30 September 2013)
New York/LA No threshold 22.5% 22%
London No threshold 17.5% 17%
Paris No threshold 17.5% 17%
Geneva No threshold 17.5% 17%
Hong Kong No threshold 22.5% 22%