Sotheby’s raises commissions as auctions boom<\/b>
Sotheby’s has raised the commission charged to buyers on big-ticket auction purchases worldwide. Previously, the buyer’s commission was 20 percent on the first $200,000 bid at auction and 12 percent on the balance of the total bid. Now, buyers will be charged 20 percent on the first $500,000, or an additional $24,000, and 12 percent on the balance. The last time Sotheby’s increased its buyer’s commission was in January 2005. Within weeks, Christie’s raised its commission to match Sotheby’s; as of now, Christie’s has not announced any plans to raise its fees.<\/p>\n
Million dollar gift to baltimore<\/b>
The Baltimore Museum of Art, which has one of the world’s largest collections of works by the painter Henri Matisse, will receive a ten million dollar endowment gift from one of its honorary trustees. The gift from Dorothy McIlvain Scott is the largest in the museum’s history.<\/p>\n
Bronze sculptures, including Rodin, stolen from dutch museum<\/b>
Thieves have stolen seven bronze sculptures, including a cast of Auguste Rodin’s The Thinker, from a Dutch museum’s garden.<\/p>\n
This is starting to get a little bit silly. I mean how difficult is it to have a security team for a museum? or even a gate for a sculpture garden? But don’t worry, the police have got this all sorted because, The police asked smelters and foundries “to keep their ears and eyes open.”<\/p>\n
All stories above from Bloomberg<\/a> and Artforum<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Sotheby’s raises commissions as auctions boomSotheby’s has raised the commission charged to buyers on big-ticket auction purchases worldwide. Previously, the buyer’s commission was 20 percent on the first $200,000 bid at auction and 12 percent on the balance of the total bid. Now, buyers will be charged 20 percent on the first $500,000, or an additional $24,000, and 12 percent on the balance. The last time Sotheby’s increased its buyer’s commission was in January 2005. Within weeks, Christie’s raised its commission to match Sotheby’s; as of now, Christie’s has not announced any plans to raise its fees. Million dollar gift…<\/p>\n