How much should I sell a work at auction if I expect to recoup the equivalent of my total cost of acquisition?

Instructions

  1. Enter the amount to be recovered.
  2. 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)

Calculations are performed automatically.

Simulator

Amount to be recovered (IE: Total costs incurred for the acquisition of this work)      18 332,80  $
       
Costs to consider  $  %  Montant 
  1. Fixed Costs
      
  • Moving the work to the auctioneer
       900,00  $                     900,00  $
  • Customs clearance, if applicable
                -    $                              -    $
  • Photography of the work
       100,00  $                     100,00  $
  • Catalog entry
          35,00  $                        35,00  $
  • Storage
       100,00  $                     100,00  $
Total fixed costs      1 135,00  $
       
  1. Variable Costs
      
  • Insurance
   3,00%                   671,30  $
  • Seller's premium
   10,00%                2 237,68  $
Total variable costs   13,00%   2 908,98  $
       
Total transaction costs assumed by the seller                    4 043,98  $
       
Adjudication price ("hammer price") you need to get to recover your costs of acquisition:             22 376,78  $
Adjudication price ("hammer price") which you have paid the work for (if applicable):             12 000,00  $
Gap     86,47%