Sotheby’s has made a u-turn on its pledge to scrap fees for purchasers at its online-only auctions, writes Laura Chesters.
Last August the auction house announced plans to scrap buyer’s premium for its online-only sales, to entice new buyers.
The change took effect in September but it has now decided to partially reverse this and from this month auctioneers at the company will be able to choose whether they charge fees for lots offered at online-only auctions.