Saatchi art decided to up their tax from 30% to 35%, whilst calling this a “slight increase”. For those of us who did math, this is a 16.6% revenue increase for Saatchi art.
In an important e-mail Saatchi art justifies it as follows: “Saatchi Art has not increased its prices since 2011”. Imagine your tax going up every 6 years. They are portraying a margin increase as a price increase. I can’t believe how dumb Saatchi art thinks their customer base is.