Buyer's Premium and Seller's Commission

Starting September 1st 2014 Calusari lowers  Buyer's Premium and Seller's Commission.


(a) BUYER'S PREMIUM
For all hammer prices the Buyer's Premium is 0%.


(b) SELLER'S COMMISSION
For hammer prices equal or  lower than higher estimate the Seller's Commission rate is 10% and payable on the hammer price.
For hammer prices greater than higher estimate the Seller's Commission rate is 50% payable on the portion of the hammer price in excess of higher estimate  plus 10% payable  on the higher estimate.


Examples for an arbitrary currency:

1. For hammer prices equal or  lower than higher estimate the Seller's Commission rate is 10% and payable on the hammer price.

Estimate: 10,000 --- 12,000
Hammer Price: 11,000
Buyer's Premium: 0
Seller's Commission: 10%  x 11,000= 1,100
             

2. For hammer prices greater than higher estimate the Seller's Commission rate is 50% payable on the portion of the hammer price in excess of higher estimate  plus 10% payable  on the higher estimate.

Estimate: 10,000 --- 12,000
Hammer Price: 18,000
Buyer's Premium: 0
Seller's Commission: 10%  x  12,000  +  50%  x  (18,000-12,000) = 1,200+ 3,000=4,200