"Mr. Zhuang, on behalf of Christie's, I thank you for your trust and support!"
Pang Zhifeng looked very serious and extended his hand to shake hands with Zhuang Zhou:
"Please rest assured that we will find the most suitable buyer for your item and get the best price."
Zhuang Zhou smiled slightly:
"Mr. Pang, I have full confidence in the reputation and strength of Christie's.
Next, I will trouble you!"
"polite!"
"By the way...how much is the security deposit?"
Zhuang Zhou suddenly remembered that he had checked before and found that a deposit was required to participate in the Christie's auction.
Pang Zhifeng smiled and said:
“Yes, we do have a provision here that sellers pay for the security deposit.
This is primarily to help improve market integrity and bring more transparency and fairness to transactions.
Of course, the amount of the deposit is determined by the value of the lot being offered.
If the lot is successfully sold, the deposit will be automatically deducted.
If the lot is not sold, resulting in a failed sale, we will charge a certain percentage of the failed sale fee, which is also the service fee.
Balabala talked a lot.
"So what's the specific fee ratio?"
"It's 5 points above the estimated price."
Zhuang Zhou nodded.
Well, that's not cheap!
If the estimated value is 10 million, it would be 500,000.
The most important thing is that they have the final say on the valuation.
There may be room for maneuver here.
Zhuang Zhou remembers that at the private auction held by Tang Dahai in Shanghai, he charged an 8% commission based on the transaction price.
However, the service fee for the unsold deposit is not included.
Thinking of this, Zhuang Zhou asked again:
"How is the commission charged after the transaction?"
Ma Changbo also pricked up his ears and listened carefully.
It seems that he wants to know the result more than Zhuang Zhou.
Pang Zhifeng just smiled lightly and said:
“The commission after the transaction is charged at different rates based on the transaction price of the auction item.
For items sold for £1.5 million or less, a commission of 5% of the sale price is charged.
A 10% commission is charged on amounts above £1.5 million.
For fixed-price auctions, a commission of 10% of the final price will be charged.”
Oh my god!
So high!
Zhuang Zhou suddenly discovered that running an auction company was very profitable!
It is equivalent to just providing an auction trading platform.
You can earn a lot of commissions.
Of course, there are other service charges.
Seeing that Zhuang Zhou seemed to be hesitating, Pang Zhifeng hurriedly said:
"Is this Mr. Zhuang's first time attending a Christie's auction?"
"Yes."
"Well, actually, I am very optimistic about Mr. Zhuang. How about this!
Since this is your first time participating in an auction, I will waive the service fee for you. I still have this right."
Zhuang Zhou thanked him and asked:
“What are the main expenses?”
"For example, valuation fees, catalog fees, insurance fees, and transportation fees. Taxes and storage fees are also waived for you."
To be honest, Zhuang Zhou had never expected these expenses.
This stuff costs a lot.
Now he finally understood why Tang Dahai held the auction privately.
It will attract so many people to participate.
One reason is to make friends with others.
The key is that there are no miscellaneous fees.
It seems that as a businessman, Tang Dahai is a really good person!
Just then.
Ma Changbo suddenly interrupted and asked:
"Mr. Pang, how much is the buyer's commission?"
Zhuang Zhou came to the auction this time, of course, as a seller.
But now Ma Changbo was asking about the buyer's commission.
Pang Zhifeng was stunned for a moment, then explained:
“For the buyer’s commission, Christie’s adopts a calculation method of decreasing and accumulating the commission rate in stages.
In addition, in major auction centers around the world, the hammer price varies depending on the currency used in the country and region.
For example, in Hong Kong, if the hammer price is HK$700,000, the commission is 24.2%, which is about HK$170,000.
If the hammer price is HK$10 million, the commission is 20.3%, which is approximately HK$2.03 million.
Of course, if you think it is too expensive, you can also choose to go to other places for auctions.
Now our company’s commission in Shanghai has been uniformly adjusted to 20%. ”
Damn!
20% commission?
This is so fucking high!
This was something Zhuang Zhou had not expected.
I used to think that as a seller, the commission was already high enough!
But who knew that this buyer's commission was even higher.
This is equivalent to saying that Christie’s is making money from both ends!
This auction company is truly a win-win situation.
Thinking of this, Zhuang Zhou even had the idea of opening an auction company.
I can get the goods myself anyway and open my own auction company.
Just earn the seller's commission.
That will definitely attract a large number of buyers.
"Mr. Zhuang, is there anything else you need to know?"
“Well, that’s it!”
"Look, I'll arrange for someone to appraise your treasure right away. Then we can sign the auction contract."
"OK!"
Zhuang Zhou thought that this time he could finally get out and see some of the new things.
The night-shining pearl in your hand also needs a certificate from a professional international appraisal agency.
This chapter is not over yet, please click on the next page to continue reading!
Continue read on readnovelmtl.com
