Christies has announced a new fee structure for all categories except wine. Emphasizing that the current fee structure has not changed since 2013, the firm emailed clients this morning with the news which includes these new breakpoints:

The new premium rate will be an amount equal to

• 25% of the hammer price of each lot up to and including £100,000/$150,000
• plus 20% of the hammer price from £100,001/$150,001 up to and including £2,000,000/$3,000,000
• and 12% above £2,000,001/$3,000,001.