A Japanese painting of a Daruma, early 20th century, ink on paper, signed and sealed, giltwood frame, 132 x 46.5 cm
giltwood. Giltwood is used to describe a gold finish on furniture and other decorative wooden items, whereby a thin sheet of gold metal, called gold leaf, is applied to the surface for decorative purposes.
Unlike gilding, where the gold leaf is applied over a coating of gesso, with giltwood the gold leaf is applied direct to the surface, or over a coat of linseed oil gold leaf adhesive.
Most gold-finished mirrors will be gilded, whereas furniture with gold highlights will have the gold applied through the giltwood method.
The buyers premium is an additional percentage charge on the hammer price of the item, imposed by the auction house to cover administrative costs. The buyers premium percentage varies between auction houses, with a range of 12.5% to 22%.