The price of some art just got a little more expensive. Until now, the thresholds for increases at Phillips was similar to those at Christie’s. Now the auction room has decided to match Sotheby’s higher thresholds. So, a $150,000 work of art at Christie’s would incur a $35,000 buyer’s premium, bringing the total price to $185,000. At Phillips and Sotheby’s that same work would cost $187,500. For just a little more on the story, click HERE.
Phillips