comme demandé par le vendeur.
Les lots vendus aux acheteurs ayant
une adresse en dehors de l’Union
Européenne seront considérés comme
devant être exportés hors UE. De même,
les lots vendus aux professionnels
identiÞés dans un autre Etat membre de
l’Union Européenne seront considérés
comme devant être l’objet d’une livraison
intracommunautaire. Les clients seront
facturés selon le régime général de
TVA (cf. Biens mis en vente par des
professionnels de l’Union Européenne
ಳ
). Bien que le prix marteau soit sujet
à la TVA, celle-ci sera annulée ou
remboursée sur preuve d’exportation
(cf. Remboursement de la TVApour les
non-résidents de l’Union Européenne
et Remboursement de la TVApour les
professionnels de l’Union Européenne).
Cependant, les acheteurs qui n’ont pas
l’intention d’exporter leurs lots en dehors
de l’UE devront en aviser la comptabilité
client le jour de la vente.Ainsi, leurs lots
seront refacturés de telle manière que la
TVA n’apparaisse pas sur le prix marteau
(cf. Régime de la marge – biens non
marqués par un symbole).
INFORMATION TO BUYERS
All property is being o!ered under French
Law and the Conditions of Sale printed
in this catalogue in respect of online
bidding via the internet, the BIDnow
Conditions on the Sotheby’s website (the
“BIDnow Conditions”).
The following pages are designed to
give you useful information on how to
participate in an auction. Our sta! as
listed at the front of this catalogue will be
happy to assist you. Please refer to the
section Sales Enquiries and Information.
It is important that you read the following
information carefully.
Prospective bidders should also
consult
www.sothebys.comfor the most
up to date cataloguing of the property in
this catalogue.
Provenance
In certain circumstances,
Sotheby’s may print in the catalogue
the history of ownership of a work of
art if such information contributes to
scholarship or is otherwise well known
and assists in distinguishing the work of
art. However, the identity of the seller or
previous owners may not be disclosed
for a variety of reasons. For example,
such information may be excluded to
accommodate a seller’s request for
conÞdentiality or because the identity of
prior owners is unknown given the age of
the work of art.
Buyer’s Premium
According to
Sotheby’s Conditions of Sale printed
in this catalogue, the buyer shall pay to
Sotheby’s and Sotheby’s shall retain
for its own account a buyer’s premium,
which will be added to the hammer price
and is payable by the buyer as part of the
total purchase price.
The buyer’s premium is 25%of
the hammer price up to and including
€250,000, 20%of any amount in
excess of €250,000 up to and including
€2,500,000, and 13.9%of any amount
in excess of €2,500,000, plus any
applicable VAT or amount in lieu of VAT at
the applicable rate.
VAT RULES
Property with no VAT symbol (Margin
Scheme)
Where there is no VAT symbol,
Sotheby’s is able to use the Margin
Scheme and VATwill not normally be
charged on the hammer price. Sotheby’s
must bear VAT on the buyer’s premium
and hence will charge an amount in lieu
of VAT (currently at a rate of 20%or
5.5% for books) on this premium.This
amount will formpart of the buyer’s
premium on our invoice and will not be
separately identiÞed.
Property with
ಳ
symbol (property
sold by European Union professionals)
Where there is the
ಳ
symbol next to
the property number or the estimate,
the property is sold outside the margin
scheme by European Union (EU)
professionals.VATwill be charged to
the buyer (currently at a rate of 20%or
5.5% for books) on both the hammer
price and buyer’s premium subject
to a possible refund of such VAT if the
property is exported outside the EU or if
it is removed to another EU country (see
also paragraph below).
VAT refund for property with
ಳ
symbol
(for European Union professionals)
VAT
registered buyers from other European
Union (EU) countries may have the
VAT on the hammer price and on the
buyer’s premium refunded if they provide
Sotheby’s with their VAT registration
number and evidence that the property
has been removed from France to
another country of the EU within a month
of the date of sale.
Property with
Ƅ
or
˖
symbols
(temporary importation)
Those
items with the
Ƅ
or
˖
symbols next to
the property number of the estimate
have been imported from outside the
European Union (EU) and are to be sold
at auction under temporary importation.
The hammer price will be increased by
additional expenses of 5.5% (
Ƅ
) or of 20
% (
˖
) and the buyer’s premiumwill be
increased of VAT currently at a rate of
20%.(5.5% for books).These taxes will
be charged to the buyer who can claim
a possible refund of these additional
expenses and of this VAT if the property
is exported outside the EU or if it is
shipped to another EU country (refund of
VAT only on the buyer’s premium in that
case) (cf. see also paragraph below)
VAT refund for non-European Union
buyers
Non-European Union (EU)
buyers may have the amount in lieu
of VAT (for property sold under the
margin scheme) and any applicable
VAT on the hammer price and on the
buyer’s premium refunded if they
provide Sotheby’s with evidence that
the property has been removed from
France to another country outside the
EU within two months of the date of
sale (in the form of a copy of the export
documentation stamped by customs
o|cers, where Sotheby’s appears in Box
44 in accordance with the arrangements
laid down by the notice of July 24th, 2017
of the French Customs Authorities).
Any property which is on temporary
import in France, and bought by a non EU
resident will be subjected to clearance
inward (payment of the VAT, duties and
taxes) upon release of the property. No
reimbursement of VAT, duties and taxes
to the buyer will be possible, except
if written conÞrmation is provided to
Sotheby’s that the temporary imported
property will be re-exported, and that
the French customs documentation
has been duly signed and returned
to Sotheby’s within 60 days after
the sale.After the 60-day period, no
reimbursement will be possible.
General Information
French auction
houses are subject to rules of
professional conduct.These rules
are speciÞed in a code approved by a
ministerial order of 21 February 2012.
This document is available (in French) on
the website of the regularity body www.
conseildesventes.fr.
A government commissioner at
the
Conseil des ventes volontaires
de meubles aux enchères
publiques
(regulatory body) can be
contacted in writing for any issue and
will assist, if necessary, in Þnding an
amicable solution.
1. BEFORE THE AUCTION
Catalogue Subscriptions
If you would
like to take out a catalogue subscription,
please ring
+33 (0)1 53 05 53 05
; +44 (0)20 7293 5000 or
+1 212 894 7000
or send an email to
:cataloguesales@sothebys.com.
+33 (0)1 53 05 53 85
.
Pre-sale Estimates
The pre-sale
estimates are intended purely as a guide
for prospective buyers.Any bid between
the high and the low pre-sale estimates
o!ers a fair chance of success. It is
always advisable to consult us nearer the
time of sale as estimates can be subject
to revision.
Condition of the property
Solely as a
convenience, we may provide condition
reports.
All property is sold in the condition in
which they were o!ered for sale with all
their imperfections and defects. No claim
can be accepted for minor restoration or
small damages.
It is the responsibility of the
prospective bidders to inspect each
property prior to the sale and to
satisfy themselves that each property
corresponds with its description. Given
that the re-lining, frames and linings
constitute protective measures and
not defects, they will not be noted.
Any measurements provided are only
approximate.
All prospective buyers shall have the
opportunity to inspect each property
for sale during the pre-sale exhibition
in order to satisfy themselves as to
characteristics, size as well as any
necessary repairs or restoration.
Safety at Sotheby’s
Sotheby’s is
concerned for your safety while on our
premises and we endeavour to display
items safely so far as is reasonably
practicable. Nevertheless, should
you handle any items on view at our
premises, you do so at your own risk.
Some items can be large and/or heavy
and can be dangerous if mishandled.
Should you wish to view or inspect
any items more closely please ask for
assistance from a member of Sotheby’s
sta! to ensure your safety and the safety
of the property on view.
Some items on viewmay be labelled
“PLEASE DO NOTTOUCH”. Should you
wish to view these items youmust ask for
assistance from a member of Sotheby’s
sta!, who will be pleased to assist you.
Electrical and Mechanical Goods
All electrical andmechanical goods
(including without limitation clocks
and watches) are sold on the basis of
their decorative value only and should
not be assumed to be operative. It is
essential that prior to any intended use,
the electrical system is checked and
approved by a qualiÞed electrician.
Copyright
No representations are made
as to whether any property is subject
to copyright, nor whether the buyer
acquires any copyright in any property
sold.
2. BIDDING IN THE SALE
Bids may be executed in person
by paddle during the auction or by
telephone or online, or by a third person
who will transmit the orders in writing
or by telephone prior to the sale.The
auctions will be conducted in Euros.A
currency converter will be operated in
the salesroom for your convenience
but, as errors may occur, you should not
rely upon it as a substitute for bidding
in Euros.
Bidding in Person
To bid in person at the
auction, you will need to register for and
collect a numbered paddle before the
auction begins. Proof of identity and bank
references will be required.
If you wish to bid on a property, please
indicate clearly that you are bidding by
raising your paddle and attracting the
attention of the auctioneer. Should you
be the successful buyer of any property,
please ensure that the auctioneer can
see your paddle and that it is your
number that is called out.
Should there be any doubts as to price
or buyer, please draw the auctioneer’s
attention to it immediately.
Sotheby’s will invoice all property sold
to the name and address in which the
paddle has been registered and invoices
cannot be transferred to other names
and addresses. In the event of loss of
your paddle, please inform the sales clerk
immediately.
At the end of the sale, please return
your paddle to the registration desk.
Bidding as Principal
If you make a bid
at auction, you do so as principal and
Sotheby’s may hold you personally and
solely liable for that bid unless it has
been previously agreed that you do so
on behalf of an identiÞed and acceptable
third party and you have produced a valid
written power of attorney acceptable to
us. In this case, you and the third party
are held jointly and severally responsible.
In the event of a challenge by the third
party, Sotheby’s may hold you solely
liable for that bid.
Absentee Bids
If you cannot attend the
auction, we will be pleased to execute