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Consider the example of a painting with a “hammer price,” or winning bid, of $400,000. The buyer would pay Sotheby's a 26% premium, for a total of $504,000. The seller would pay 10%, $40,000, and receive $360,000 from the sale. Sotheby's would pocket $144,000; 28.6% of what the buyer actually paid.
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17.11.2023 · Gabriele Münter, Munich (acquired as a gift from the artist) Marlborough Fine Art, Ltd., London Private Collection (acquired from the above ...
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