EFTA02652673.pdf

From: jeffrey E. <[email protected]> Sent: Friday, April 14, 2017 1:58 PM To: Heather Gray Subject: Re: 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. On the Giacometti if yo= go with the enhanced hammer instead of the guarantee, you will receive th= 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 charging you a commission, t=ey are paying you a portion of the buyer's premium that they collect f=om the buyer (of which they normally keep 100%). The downside, of course, =s that if the Giacometti does not reach the reserve (the minimum price that you set which can't be more than the l=w estimate), it won't sell and you won't receive anything other th=n the sculpture back. Sent from my iPhone On Apr 14, 2017, at 6:14 AM, jeffrey E. <[email protected] <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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, EFTA_R1_01896030 EFTA02652673  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 =1 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:[email protected]" target="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --001a11c1215604e2b8054d20d4e6-- conversation-id 47396 date-last-viewed 0 date-received 1492178274 flags 8590195713 gmail-label-ids 7 6 remote-id 704933 2 EFTA_R1_01896031 EFTA02652674