Christie’s Jacks Up Commission Charges

The auction house says it needs to “stay competitive.” “Buyers at Christie’s will pay 20 percent on the first 250,000 pounds ($500,000) of the hammer price and 12 percent on the rest, the London-based auction house said in an e-mailed statement. Currently, Christie’s charges 20 percent on the first 100,000 pounds and 12 percent on the rest.”