1. Payment Method and Term of Customer Commission
1, commission ratio
According to the provisions of the "People's Republic of China (PRC) Auction Law", the auction of any items and public property will be charged a different percentage of commission:
(1) If the client and the auctioneer have agreed before, the agreement shall prevail.
(2) If there is no agreement between the trustor and the auctioneer, the auctioneer may charge the trustor a commission not exceeding 5% of the auction transaction price.
③ The commission rate of art auction is generally 10% (international practice).
2. Commission payment method
(1) Prepayment method: After the contract of entrusted auction is signed, the client will pay according to the contract within the agreed time limit.
(2) Deduction method: When the auctioneer pays the client after the client completes the transaction, the transaction price is deducted.
3. Time limit for commission payment
① Prepayment method: The client will pay within three working days after signing the entrusted auction contract.
② Deduction method: After the auction is completed, the auctioneer directly deducts it from the transaction price.
Second, the buyer's commission payment ratio and method
1, commission ratio
According to the provisions of the Auction Law of People's Republic of China (PRC), the auctioneer may charge the buyer a commission not exceeding 5% of the transaction price. According to international practice, the commission rate of art auction is generally 10%.
2. Commission payment method
After the auction is completed, the auctioneer directly deducts it from the auction deposit paid by the buyer.
Auction commission and notary fee standard auction commission shall be charged step by step. If the reserve price of assets auction is lower than 1 10,000 yuan, the auction commission shall be paid at 1% of the transaction price; If the reserve price of assets auction is1-2 million yuan, the auction commission shall be paid at 0.5% of the transaction price; If the reserve price exceeds 2 million yuan, the auction commission shall be paid at 0.2%.
Legal basis: According to the provisions of the Auction Law of People's Republic of China (PRC) and the auction rules formulated by the company, the company has formulated the following standards for the proportion, collection method and time limit of the commission charged by the client and the buyer:
1. Payment Method and Term of Customer Commission
1, commission ratio
According to the provisions of the "People's Republic of China (PRC) Auction Law", the auction of any items and public property will be charged a different percentage of commission:
(1) If the client and the auctioneer have agreed before, the agreement shall prevail.
(2) If there is no agreement between the trustor and the auctioneer, the auctioneer may charge the trustor a commission not exceeding 5% of the auction transaction price.
③ The commission rate of art auction is generally 10% (international practice).
2. Commission payment method
(1) Prepayment method: After the contract of entrusted auction is signed, the client will pay according to the contract within the agreed time limit.
(2) Deduction method: When the auctioneer pays the client after the client completes the transaction, the transaction price is deducted.
3. Time limit for commission payment
① Prepayment method: The client will pay within three working days after signing the entrusted auction contract.
② Deduction method: After the auction is completed, the auctioneer directly deducts it from the transaction price.
Second, the buyer's commission payment ratio and method
1, commission ratio
According to the provisions of the Auction Law of People's Republic of China (PRC), the auctioneer may charge the buyer a commission not exceeding 5% of the transaction price. According to international practice, the commission rate of art auction is generally 10%.
2. Commission payment method
After the auction is completed, the auctioneer directly deducts it from the auction deposit paid by the buyer.
Auction commission and notary fee standard auction commission shall be charged step by step. If the reserve price of assets auction is lower than 1 10,000 yuan, the auction commission shall be paid at 1% of the transaction price; If the reserve price of assets auction is1-2 million yuan, the auction commission shall be paid at 0.5% of the transaction price; If the reserve price exceeds 2 million yuan, the auction commission shall be paid at 0.2%.