EFTA02652741

From: jeffrey E. <[email protected]> Sent: Friday, April 14, 2017 2:12 PM To: Heather Gray Subject: Re: so no commision? <=iv class=" mail quote">On Fri, Apr 14, 2017 at 10:09 AM, Heather Gray < <mailto » wrote: $4,875,000 Sent from my iPhone On Apr 14, 2017, at 6:57 AM, jeffrey E. <[email protected] <mailto:jeevacation@g=ail.com> wrote: braque sells for 5 million , how much do i rec=ive after commsion On Fri, Apr 14, 2017 at 9:51 AM, Heather Gray < wrote: = <mailto > > 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 you go with the enhanced hammer instead of the guarantee= you will receive the 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 ch=rging you a commission, they are paying you a portion of the buyer's p=emium that they collect from the buyer (of which they normally keep 100%).=The downside, of course, is that if the Giacometti does not reach the reserve (the minimum price that you set which can't=be more than the low estimate), it won't sell and you won't receiv= anything other than the sculpture back. Sent from my iPhone On Apr 14, 2017, at 6:14 AM, jeffrey E. <[email protected] <mailto:[email protected]» wrote: EFTA_R1_01896118 EFTA02652741 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, including all attachments. copyright -all rights reserved 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, including all attachments. copyright -all rights reserved =AO please note 2 EFTA_R1_01896119 EFTA02652742 The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use rf the addressee. It is the property of ME 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 --001a11c130aalb3a6a054d2108f 2-- conversation-id 47396 date-last-viewed 0 date-received 1492179148 flags 8590195713 gmail-label-ids 7 6 remote-id 704940 3 EFTA_R1_01896120 EFTA02652743