Christies and Sothebys: donate 10% of commission to Philippine aid for Christmas
The people of the Philippines desperately need help and ordinary people are donating to charities. For example the UK public donated £13m to the DEC charities appeal in it's first 24 hours after Typhoon Haiyan hit on 8 Nov. In the next days, billionaire art-buyers paid over $140m for a Bacon painting at Sothebys in London and over $105m for a Warhol at Christies in New York. Then a single diamond was sold for $83m in Geneva. These super rich could contribute to the aid effort but they are mostly anonymous, so we can't ask them. Sotheby's and Christies could help make it happen because they charge commission ('buyers premium' - at about 25% for the first $100,000 of the sale price then 20% up to $2m and then 12% from $2m upwards). Sotheby's and Christies got a windfall from the super-rich and are doing well: let's hope they will share this with the people of the Philippines who got hit by a super-Typhoon . Let's ask them to make them a Christmas Present to the Philipines people by donating 10% of their fees from the time the typhoon hit (Nov 8) up to 24th December, to aid charities. UPDATE: Coca Cola are donating $2.5m - what about Christies and Sothebys ?
- Christies and Sothebys auction houses
To the Directors of Christies and Sothebys Auction Houses
We ask you to make a Christmas Present to the people of the Philippines by donating 10% of your commissions from since Typhoon Haiyan hit (8 Nov) up to Christmas Eve. In this period, the Philippines have experienced a record-breaking climate disaster and you have enjoyed record-breaking auction successes, with the Bacon and Warhol sales and others. Please put one tenth of your commissions towards the Philippines aid effort, and make sure that as time goes by, the need for help is not forgotten.
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