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written bids on your behalf.

Abidding form can be found at the back

of this catalogue.This service is free and

conÞdential. In the event of identical

bids, the earliest bid received will take

precedence.

Always indicate a“top limit”.“Buy”and

unlimited bids will not be accepted.

Any written bids may be:

• Sent by facsimile to

+33 (0)1 53 05 52 93

/52 94,

• Given to sta! at the Client Service

Desks,

• Posted to the Paris o|ces of Sotheby’s,

• Hand delivered to the Paris o|ces of

Sotheby’s.

To ensure a satisfactory service to

bidders, please ensure that we receive

your written bids at least 24 hours before

the sale.

Bidding by Telephone

If you cannot

attend the auction, it is possible to bid

on the telephone on property with a

minimum low estimate of €4

,000.As

the number of telephone lines is limited,

it is necessary to make arrangements

for this service 24 hours before the

sale. Moreover, in order to ensure a

satisfactory service to bidders, we kindly

ask you to make sure that we have

received your written conÞrmation of

telephone bids at least 24 hours before

the sale.

We also suggest that you leave a

covering bid which we can execute on

your behalf in the event we are unable

to reach you by telephone. Multi-lingual

sta! are available to execute bids for you.

Telephone bidding will be recorded

to ensure any misunderstanding over

bidding during the auctions.

Bidding Online

If you cannot attend

the auction, it is possible to bid directly

online. Online bids are made subject to

the BIDnow Conditions available on the

Sotheby’s website or upon request.The

BID now Conditions apply in relation

to online bids in addition to these

Conditions of Sale.

3. AT THE AUCTION

Conditions of Sale

The auction is

governed by the Conditions of Sale

printed in this catalogue.Anyone

considering bidding in the auction should

read the Conditions of Sale carefully.

They may be amended by way of notices

posted in the salesroom or by way of

announcement made by the auctioneer.

Access to the property during the sale

For security reasons, prospective bidders

will not be able to view the property

whilst the auction is taking place.

Auctioning

The auctioneer may

commence and advance the bidding

at levels he considers appropriate and

is entitled to place consecutive and

responsive bids on behalf of the seller

until the reserve price is achieved.

4. AFTER THE AUCTION

Results

If you would like to know the

result of any absentee bids which you

may have instructed us to execute on

your behalf, please telephone Sotheby’s

(France) S.A.S. on:

+33 (0)1 53 05 53 34

,

or by fax.

+33 (0)1 53 05 52 93

/52 94.

Payment

Payment is due immediately

after the sale andmay be made by the

following methods:

• Bank wire transfer in Euros

• Euro banker’s draft

• Euro cheque

• Credit cards (Visa, Mastercard,

American Express, CUP); Please note

that 40,000 EUR is the maximum

payment that can be accepted by

credit card.

• Cash in Euros: for private or

professionals to an equal or lower

amount of €1,000 per sale (but to an

amount of €15,000 for a non-French

resident for tax purposes who does not

operate as a professional). It remains

at the discretion of Sotheby’s to assess

the evidence of non-tax residence

as well as proof that the buyer is not

acting for professional purposes.

Cashiers and the Collection of Purchases

o|ce are open daily 10am to 12.30pm

and 2pm to 6pm.

It is Sotheby’s policy to request any new

clients or buyers preferring to make a

cash payment to provide proof of identity

(by providing some form of government

issued identiÞcation containing a

photograph, such as a passport, identity

card or driver’s licence) and conÞrmation

of permanent address. Thank you for

your co-operation.

Cheques and drafts should be made

payable to Sotheby’s.Although personal

and company cheques drawn up in Euro

on French bank as by a foreign bank are

accepted, you are advised that property

will not be released before the Þnal

collection of the cheque, collection that

can take several days, or even several

weeks as for foreign cheque (credit after

collection). On the other hand, the lot will

be issued immediately if you have a pre-

arranged Cheque Acceptance Facility.

Bank transfers should be made to:

HSBC Paris St Augustin

3, rue La Boétie

75008 Paris

Name : Sotheby’s (France) S.A.S.

Account Number : 30056 00050

00502497340 26

IBAN:FR7630056

0005000502497340

26

Swift Code : CCFRFRPP

Please include your name, Sotheby’s

account number and invoice number

with your instructions to your bank.

Please note that we reserve the right to

decline payments received from anyone

other than the buyer of record and

that clearance of such payments will

be required. Please contact our Client

Accounts Department if you have any

questions concerning clearance.

No administrative fee is charged for

payment by Mastercard and Visa.

We reserve the right to seek identiÞcation

of the source of funds received.

Collection of Purchases

Purchases

can only be collected after payment

in full in cleared funds has been made

and appropriate identiÞcation has been

provided.

All property will be available during, or

after each session of sale on presentation

of the paid invoice with the release

authorisation from the Client Accounts

O|ce.

Should lots sold at auction not be

collected by the buyer immediately after

the auction, those lots will, after 30 days

following the auction sale (including the

date of the sale), be stored at the buyer’s

risk and expense and then transferred to

a storage facility designated by Sotheby’s

at the buyer’s risk and expense.

All charges due to the storage facility

shall be met in full by the buyer before

collection of the property by the buyer.

Insurance

Sotheby’s accepts liability for

loss or damage to lots for a maximum

period of 30 (thirty) calendar days after

the date of the auction (including the

date of the auction).After that period,

the purchased lots are at the Buyer’s sole

responsibility for insurance.

Export of cultural goods

The export of

any property from France or import into

any other country may be subject to one

or more export or import licences being

granted.

It is the buyer’s responsibility to obtain

any relevant export or import licence.

Buyers are reminded that property

purchasedmust be paid for immediately

after the auction.

The denial of any export or import

licence required or any delay in

obtaining such licence cannot justify the

cancellation of the sale or any delay in

making payment of the total amount due.

Sold property will only be delivered to

the buyer or sent to the buyer at their

expense, following his/her written

instructions, once the export formalities

are complete.

Sotheby’s, upon request, may apply

for a licence to export your property

outside France (a“Passport”).An EU

Licence is necessary to export from the

European Union cultural goods subject

to the EU Regulation on the export of

cultural property (EEC No. 3911/92,

O|cial Journal No. L395 of 31/12/92).

A French Passport is necessary to

move from France to another Member

State of the EU cultural goods valued at

or above the relevant French Passport

threshold.

A French Passport may also be

necessary to export outside the

European Union cultural goods valued

at or above the relevant French Passport

limit but below the EU Licence limit.

The following is a selection of some

of the categories and a summary of the

limits above which either an EU licence or

a French Passport is required:

• Watercolours, gouaches and pastels

more than 50 years old €30,000

• Drawings more than 50 years old

€15,000

• Pictures and paintings in any medium

on any material more than 50 years old

(other than watercolours, gouaches

and pastels above mentioned)

€150,000

• Original sculpture or statuary and

copies produced by the same process

as the original more than 50 years old

€50,000

• Books more than 100 years old singly

or in collection €50,000

• Means of transport more than 75 years

old €50,000

• Original prints, engravings, serigraphs

and lithographs with their respective

plates and original posters €15,000

• Photographs, Þlms and negatives there

of €15,000

• Printed Maps more than 100 years old

€15,000

• Incunabula andmanuscripts including

maps andmusical scores single or in

collections irrespective of value

• Archaeological items more than 100

years old irrespective of value

• Dismemberedmonuments more than

100 years old irrespective of value

• Archives more than 50 years old

irrespective of value

• Any other antique items , including

jewels, more than 50 years old

€50,000

Please note that French regulation

n°2004-709 dated 16th July 2004

modifying French regulation n°93-124

dated 29th January 1993, indicates that

«for the delivery of the French passport,

the appendix of the regulation foresees

that for some categories, thresholds will

be di!erent depending where the goods

will be sent to, outside or inside the EU».

We recommend that you keep any

document relating to the import and

export of property, including any licences,

as these documents may be required by

the relevant authority.

Please note that when applying for

a certiÞcate of free circulation for the

property, the authority issuing such

certiÞcate may express its intention

to acquire the property within the

conditions provided by law.

Sales and Use Taxes

Buyers should note

that local sales taxes or use taxes may

become payable upon import of items

following purchase (for example, use tax

may be due when purchased items are

imported into certain states in the US).

Buyers should obtain their own advice in

this regard.

In the event that Sotheby’s ships

items for a purchaser in this sale to a

destination within a US state in which

Sotheby’s is registered to collect sales

tax, Sotheby’s is obliged to collect and

remit the respective state’s sales /

use tax in e!ect on the total purchase

price (including hammer price, buyer’s

premium, shipping costs and insurance)

of such items, regardless of the country

in which the purchaser resides or is a

citizen.

Where the purchaser has provided

Sotheby’s with a valid Resale Exemption

CertiÞcate prior to the release of the

property, sales / use tax will not be

charged. Clients who wish to provide

resale or exemption documentation for

their purchases should contact Post Sale

Services.

Clients who wish to have their

purchased lots shipped to the US by

Sotheby’s are advised to contact the Post

Sale Manager listed in the front of this

catalogue before arranging shipping.

Endangered Species

Items made

of or incorporating plant or animal

material such as coral, crocodile,

ivory, whalebone, tortoiseshell, etc.,

irrespective of age or value, require a

speciÞc licence from the French Ministry

of the Environment prior to leaving

France. Please note that the ability to

obtain an export licence or certiÞcate