From: jeffrey E. <jeevacation@gmail.com> Sent: Friday, April 14, 2017 2:17 PM To: Heather Gray Subject: Re: but do i pay a sellers commission/? On Fri, Apr 14, 2017 at 10:16 =M, Heather Gray < <mailto » wrote: Correct, you do not receive any of the buyer's premium when you ha=e a guarantee. Christie's keeps all of the buyer's premium plus 25= of the overage above the guarantee. Sent from my iPhone On Apr 14, 2017, at 7:12 AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com> wrote: so no commision? On Fri, Apr 14, 2017 at 10:09 AM, Heather Gray <=pan dir="ltr"> < <mailto » wrote: $4,875,000 Sent from my iPhone On Apr 14, 2017, at 6:57 AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com» wrote: braque sells for 5 million , how much do i rec=ive after commsion On Fri, Apr 14, 2017 at 9:51 AM, Heather Gray < <mailto » wrote: If the Braque doesn't sell or the hammer price is $4.5 million or =ess, you get $4.5 million, so you pay no commission. If the hammer price i= $5 million, for example, you get $4.875 ($4.5 guarantee plus 75% of the a=ount by which the hammer price exceeds the guarantee). If the hammer price is higher than the guarantee, you effe=tively pay a commission equal to 25% of the overage. EFTA_R1_01896160 EFTA02652765 On the Giacometti if you go with the enhanced hammer in=tead of the guarantee, you will receive the full amount of the hammer pric= plus an extra 10% of the hammer price (up to proceeds of GBP 20 million, then an extra 7% once proceeds exceed 20). Christie'=s not only isn't charging you a commission, they are paying you a port=on of the buyer's premium that they collect from the buyer (of which t=ey normally keep 100%). The downside, of course, is that if the Giacometti does not reach the reserve (the minimum price th4 you set which can't be more than the low estimate), it won't sel= and you won't receive anything other than the sculpture back. Sent from my iPhone On Apr 14, 2017, at 6:14 AM, jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@g=ail.com» wrote: leon thinks taking the 100 percent of hammer in london is =he right thing. I m unclet if we sell =he brazqu for the guarantee , do we pay commission? =AO or is 4.5 sale the same as 5 after comminsion and split? please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited 2 EFTA_R1_01896161 EFTA02652766 and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:jeevacation@gmail.com" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --001a1134f8726faa0a054d2117c8-- conversation-id 47396 date-last-viewed 0 date-received 1492179406 flags 8590195713 gmail-label-ids 7 6 remote-id 704943 3 EFTA_R1_01896162 EFTA02652767