From: jeffrey E. <[email protected]> Sent: Friday, April 14, 2017 2:12 PM To: Heather Gray Subject: Re: so no commision? <=iv class=" mail quote">On Fri, Apr 14, 2017 at 10:09 AM, Heather Gray < <mailto » wrote: $4,875,000 Sent from my iPhone On Apr 14, 2017, at 6:57 AM, jeffrey E. <[email protected] <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 < wrote: = <mailto > > 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. On=the Giacometti if you go with the enhanced hammer instead of the guarantee= you will receive the full amount of the hammer price 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 ch=rging you a commission, they are paying you a portion of the buyer's p=emium that they collect from the buyer (of which they normally keep 100%).=The downside, of course, is that if the Giacometti does not reach the reserve (the minimum price that you set which can't=be more than the low estimate), it won't sell and you won't receiv= anything other than the sculpture back. Sent from my iPhone On Apr 14, 2017, at 6:14 AM, jeffrey E. <[email protected] <mailto:[email protected]» wrote: EFTA_R1_01896118 EFTA02652741