Message
After my last message, I wrote to the auctioneer and received the following response:
''Dear Mr Hewick,
Many thanks for your email - ours were Guangxu also! It was announced early on in the view and to prospective bidders - must get those new glasses!
I would suggest that the plates are by the same artist as the quality looks similar for all.
Not aware of seeing the subject before but I'd have thought it appears from time to time. Our pair fetched £1,500 + premium which seems a goodly sum. The internet buyer was Chinese.
Regards,
Andrew Thomas''
On the subject of estimating value, since the introduction of a (continually increasing) buyer's premium, there is a now a huge difference between buying and selling at auction. At the auction room mentioned there is a 19% buyer's premium plus 3% if you bid online. This 22% is further increased to 26.4% by applying 20% UK Value Added Tax, VAT (which is also steadily increasing with time). If the buyer then sold at the same auction and achieved the same £1500 hammer price he would have been deducted 21.6% (18%+VAT) and been left with £1176 (versus his buying price of £1914). This (insurance versus probate?) is a huge range in value.
I would add that the above calculations apply to most UK buyers/sellers. The application of VAT may vary for non UK people. But the general principle is similar.
|
Note that we are now reviewing postings before posting due to the large volume of SPAM and inappropriate postings on the forum. The validation process may take up to 12 hours. |
|