How much will it cost to acquire a work at auction?

 

Instructions

  1. Fill out the amounts associated with the "Costs to consider"
    • In the case of fixed costs, enter the amount in the currency of your choice (C $, US $ or Euro)
    • In the case of variable costs, enter the percentage (%) that will apply to your situation (information provided by the auction house)
  2. Enter the amount obtained or desired as adjudication price ("hammer price")

Calculations are performed automatically.

Simulator

Costs to consider  $  %  Montant   
  1. Fixed Costs
       
  • Preparation, shipping and insurance of the artwork
   1 200,00  $          1 200,00  $  
  • Customs clearance, if applicable
               -    $                      -    $  
  • Storage, if applicable
      100,00  $             100,00  $  
Total fixed costs            1 300,00  $  
         
  1. Variable Costs
       
  • Buyer's premium
  20,00%        2 400,00  $  
  4,00%           480,00  $  
  • Provincial or State taxes
  9,95%        1 432,80  $  
  • Country taxes
  5,00%           720,00  $  
Total variable costs            5 032,80  $  
         
Total transaction costs_buyer            6 332,80  $ 34,54%
         
Adjudication price ("hammer" price)          12 000,00  $ 65,46%
         
Total cost of acquisition      18 332,80  $ 100,00%
         
What adjudication price will it take to recover your costs?