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Epstein File EFTA01047994: Leon Black, Christie's and Sotheby's (DS9)

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Email chain dated April 26, 2017, between Heather Gray and Leon Black regarding art auction arrangements at Christie's and Sotheby's. The correspondence discusses Christie's commission structure (110% hammer with 80/20 overage split, stepping to 107% once proceeds to Jeffrey reach £20 million), marketing strategy for a Giacometti piece, and Sotheby's inability to raise guarantee amounts. The exchange indicates coordination between multiple auction houses for Epstein's art sales.

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Excerpt 1
**Christie's**, as you know, is at an enhanced hammer of 110% with overage split 80/20, stepping down to 107% once the proceeds to Jeffrey reach GBP 20 million
Excerpt 2
thinks having a separate catalogue for the Giacometti is an important marketing tool (for what it's worth, I agree with him), so he wants to know if **Christie's**
Excerpt 3
NY 10022 On Apr 26, 2017, at 5:27 PM, Heather Gray wrote: Hi Rich, **Sotheby's** just came back to us and said they cannot raise the guarantee or the enhanced

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