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News In Brief

Bonhams raises premium thesholds

Bonhams has changed the price thresholds for its buyer’s premium.

The new rates in the UK exactly mirror Christie’s charges but are slightly different from Sotheby’s adjusted fees structure which comes into force next month.

Bonhams’ new fees schedule applies from November 1. The last time the company amended its buyer’s premium was in September 2016. Global CEO of Bonhams Matthew Girling said: “This change reflects the current market and is an important part of maintaining our global competitiveness.”

The new thresholds are: 25% – up to £175,000; 20% – from £175,000 up to £3m; and 12.5% thereafter.

Premiums at wine sales will become 19.5% in the UK and 22.5% in the US and Hong Kong. None of the changes apply to sales of motor cars, coins and medals, which have different premium levels.

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About Antiques Trade Gazette

Published every week since 1971, Antiques Trade Gazette is affectionately known as ‘the Bible of the antiques trade’. A long tradition of authority, integrity and accuracy, makes it the essential read for everyone who loves antiques. With a subscription to Antiques Trade Gazette, you’ll stay ahead of all the developments in the art and antiques market, plus you’ll enjoy • A comprehensive auction calendar – see when and where every sale will be happening • Exclusive interviews with dealers, giving you the inside track on the trade • Breaking news on key industry developments • Secrets, stories and tips from leading specialists and collectors • Top lots advertised by auctioneers • Previews of the best art and antiques fairs and markets • Special supplements focusing on specific collecting areas

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