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So much to Love !The Christie's New York Edit Auction has started. Some great bags available! Ten days before closing.
Handbags Online: The New York Edit
Take Virtual tour This Summer, Christie’s welcomes you to explore Handbags Online: The New York Edit – An online auction showcasing the season’s most sought-after styles alongside timeless classics from Hermès, Chanel, Louis Vuitton, and many more of today’s in-demand designs—all of which will...
Just looked through the Sotheby's sale (I guess both houses are having a similar sale window) and agree, though some of the prices are so reasonable it would be hard to profit I think. What gives? Rich people offloading wares they just didn't want?
The auctions just started. The items will go for much higher than they are currently listed and the seller gets most/all of that price. There is an additional 14-25% buyers premium fee that the buyer has to shell out on top of the hammer price to pay for the auction house’s service.
Agree. Although some may be selling if they need $’s. Stock market not doing well and that might even hurt those selling. I noticed Fashionphile is partnered with Christie’s. Maybe they have done this before? Hadn’t noticed prior. If I understand correctly only some are from Fashionphile. I didn’t check which ones but ones I looked at says they are from Christie’s. Should be interesting to see how it turns out!
Will there be another auction in London soon? It seems Christie’s is more focussed on either the us or Hong Kong. The Hong Kong sale usually has the most exquisite exotic bags but perhaps that’s where the most interest is!When I bought from Christies Ldn auction, the premium was 30%. I had an Excel sheet that calculated the total amount in my currency including all costs (bidding amount + premium + freight cost + VAT for the freight cost) next to me when I was bidding live at the end of the lot I wanted. That way I knew exactly how expensive it would be as the price kept going up.
I think I in the end payed at least 3x the estimate with the premium. I suppose you might get lucky too if no one else wants the item. I was not so fortunate
I think the estimates are reasonable however as someone who has been trying to purchase a bag at auction for over 2 years I would wager a bet that the hammer price goes waaaaaay over the lowish estimate.
Yes...I found the same thing..I've been trying to purchase from the UK auction houses because as I am UK based I can view the bags in person and save on the shipping and import charges...When I bought from Christies Ldn auction, the premium was 30%. I had an Excel sheet that calculated the total amount in my currency including all costs (bidding amount + premium + freight cost + VAT for the freight cost) next to me when I was bidding live at the end of the lot I wanted. That way I knew exactly how expensive it would be as the price kept going up.
I think I in the end payed at least 3x the estimate with the premium. I suppose you might get lucky too if no one else wants the item. I was not so fortunate
Most of the items have a reserve price set by the seller that's higher than the low estimate. The low estimate is literally there to get you interested.
