Before you sell your property with Christie’s, you will need to sign a Seller’s Agreement. This is the contract that confirms the services, outlines the fee structure and the terms and conditions of sale between you and Christie’s.
Christie’s charges a single Seller’s Commission rate for the services we provide. The commission is calculated on each item as a fixed percentage based on the eventual hammer price at auction. This rate includes marketing costs and insurance cover (except for Wine sales, where marketing and insurance are charged separately). If your item sells for over the high estimate we agree with you, there will also be an additional 2% Performance Commission fee.
You may also be charged for other external services such as shipping, restoration and framing, but these will be discussed and agreed with you beforehand. VAT (value-added tax) or applicable duties or taxes may be due on such fees based on the jurisdiction of the auction site.
Christie’s will agree a low and high estimate range for each item with you. This information is published in the auction catalogue and will be publicly available to potential buyers.
Christie’s will also agree a reserve price with you for each item. This will be an amount that we both agree that we will not sell your item below during the auction. This amount must be equal to, or lower than the low estimate, and will not be published.