{"id":6330,"date":"2024-07-31T18:00:00","date_gmt":"2024-07-31T10:00:00","guid":{"rendered":"https:\/\/flexstar-assets.com\/v4\/2024\/07\/31\/top-auction-houses-racing-to-expand-in-hong-kong-why\/"},"modified":"2024-07-31T18:00:00","modified_gmt":"2024-07-31T10:00:00","slug":"top-auction-houses-racing-to-expand-in-hong-kong-why","status":"publish","type":"post","link":"https:\/\/assets.flexstargroup.my\/v4\/2024\/07\/31\/top-auction-houses-racing-to-expand-in-hong-kong-why\/","title":{"rendered":"Top auction houses racing to expand in Hong Kong. Why?"},"content":{"rendered":"<p>Do you know how do international auction houses earn their fee? They earn a fee called premium fee which the buyer will pay on top of the successful auction price. This premium fee could be substantial. Searching online, I found an article in theartnewspaper.com<\/p>\n<p>&#8220;As of 20 May, buyers at Sotheby\u2019s will pay a 20% premium on any hammer price up to $6m, plus 10% on any portion of the hammer price above that amount. The company\u2019s contentious 1% \u201coverhead premium\u201d will be scrapped.&#8221;<\/p>","protected":false},"excerpt":{"rendered":"<p>Do you know how do international auction houses earn their fee? They earn a fee called premium fee which the buyer will pay on top of the successful auction price. This premium fee could be substantial. Searching online, I found an article in theartnewspaper.com &#8220;As&#8230;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[62],"tags":[],"class_list":["post-6330","post","type-post","status-publish","format-standard","hentry","category-property"],"acf":[],"_links":{"self":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts\/6330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/comments?post=6330"}],"version-history":[{"count":0,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/posts\/6330\/revisions"}],"wp:attachment":[{"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/media?parent=6330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/categories?post=6330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assets.flexstargroup.my\/v4\/wp-json\/wp\/v2\/tags?post=6330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}