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. Payment method of commission: 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%.
Payment method and term of customer commission: 1. Commission rate:
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 there is an agreement between the client and the auctioneer before, it shall be collected according to the agreement;
(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 general art auction commission rate is 10% (international practice).
2. Payment method of commission:
(1) Prepayment method: After the contract of entrusted auction is signed, the trustor 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 pays 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.
legal ground
People's Republic of China (PRC) auction law
Article 56 The trustor and the buyer may agree on the commission ratio with the auctioneer.
If the client, the buyer and the auctioneer have not agreed on the commission ratio and the auction is concluded, the auctioneer may charge the client and the buyer a commission not exceeding 5% of the auction transaction price. The proportion of commission collection shall be determined according to the principle of inverse proportion to the auction transaction price.
If the auction is not completed, the auctioneer may charge the agreed fee to the client; If no agreement is reached, the client may be charged a reasonable auction fees. Article 57 When auctioning the articles specified in Article 9 of this Law, the auctioneer may charge the buyer a commission not exceeding 5% of the auction transaction price. The proportion of commission collection shall be determined according to the principle of inverse proportion to the auction transaction price.
If the auction fails, the provisions of the third paragraph of Article 56 of this Law shall apply.