Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

BADA to Build Online Auction With No Buyer’s Premium

January 27, 2016 by Marion Maneker

Sotheby's Contemporary Auction London

The Australian Financial Review summarizes a British Antiques Gazette story announcing that BADA is launching an online auction platform that will not charge a buyer’s premium:

The scheme is the brainchild of the respected British Antique Dealers Association, which has about 330 members.

Under the dealer scheme, there will be no buyer’s premium – in contrast to the auctioneers which charge buyers 25 per cent or more. Sellers will pay a 15 per cent commission.

The move is a first for an antique dealer body and a radical initiative for BADA as it approaches its 100th anniversary in 2018. It plans to host three to four sales a year initially.

[D]ealers would be identified as sellers and be in direct contact with buyers to complete a sale.

Disruption in art market: Dealers turn auctioneers (afr.com)

More from Art Market Monitor

  • For Murillo, $200k is the New $400kFor Murillo, $200k is the New $400k
  • NY Contemporary Art StatsNY Contemporary Art Stats
  • The Hot RoerichThe Hot Roerich
  • Sotheby’s Stages New Hybrid $45M. Silent Auction with Select Masters Zhang Xiaogang, Nara and KusamaSotheby’s Stages New Hybrid $45M. Silent Auction with Select Masters Zhang Xiaogang, Nara and Kusama
  • Train A-Riiiide, $25m Strong: Koons Jim Beam Train Comes to MarketTrain A-Riiiide, $25m Strong: Koons Jim Beam Train Comes to Market
  • Liechtenstein Offers a Battle of the Experts Over Cranach VenusLiechtenstein Offers a Battle of the Experts Over Cranach Venus

Filed Under: General

About Marion Maneker

LiveArt

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor
 

Loading Comments...