Buyers Premium The buyer’s premium is at a rate of 25% on up to and including £175,000; 20% on any amount more than £175,000 and including £2,000,000; and at a rate of 12.5% on any remaining amount above £2,000,000 of the hammer price.
MacDougall Auctions is the only fine art auction house to specialise in Russian art. In the twelve months from July 2009 to June 2010, its auctions raised 20m GBP, and it regularly establishes new world records, notably a 1.4m GBP masterpiece by Ilya Repin. In the December 2009 Russian Week in London, MacDougall's was number one for Russian paintings, the largest seller of the four auction houses with sales that week, and it sold the first and second most expensive paintings of the week. In the June 2010 Russian Week, MacDougall's was the second largest seller of Russian Paintings. For several years it has consistently been one of the top three auction houses in the world for Russian art.