buyers-premium-update.jpg

Update Regarding Sotheby's Buyer's Premium

Sotheby’s will be implementing some changes to its Buyer's Premium Schedule this summer.

As of June 2, 2018, Sotheby’s Buyer’s Premium for auctions excluding sales in Paris and Milan will be: 25% of the hammer price up to and including $300,000, 20% of any amounts in excess of $300,000 up to and including $4,000,000, and 12.9% of any amounts in excess of $4,000,000, and corresponding changes based on the relevant currencies for sales in London, Switzerland, and Hong Kong will be made. Additionally, in London the breakpoint for the lowest threshold will increase from £180,000 to £200,000 based on new exchange rates.

These rates exclude local taxes and any applicable artist’s resale right. Click here to view Sotheby’s Buyer’s Premium Schedule as of June 2nd in all salesrooms. 

Additionally, as of July 1, 2018, Sotheby’s Buyer’s Premium for Wine auctions in New York and Hong Kong will be 24% and in London, it will be 21%. 

If you have any questions about Sotheby's Buyer's Premium, please call us at one of the following numbers:

US +1 212 606 7000
UK +44 (0) 20 7293 5000
HK +852 2524 8121
Paris +33 1 53 05 53 05
Milan +39 02 295 001
Geneva +41 22 908 48 00

We use our own and third party cookies to enable you to navigate around our Site, use its features and engage on social media, and to allow us to perform analytics, remember your preferences, provide services that you have requested and produce content and advertisements tailored to your interests, both on our Site as well as others. For more information, or to learn how to change your cookie or marketing preferences, please see our updated Privacy Policy & Cookie Policy.

By continuing to use our Site, you consent to our use of cookies and to the practices described in our updated Privacy Policy.

Close