213 / 220
does not ensure the ability to obtain an
import licence or certiÞcate in another
country, and vice versa. For example,
it is illegal to import African elephant
ivory into the United States. Sotheby’s
suggests that buyers check with their
own government regarding wildlife
import requirements prior to placing
a bid. It is the buyer’s responsibility to
obtain any export or import licences
and/or certiÞcates as well as any other
required documentation.
Please note that Sotheby’s is not
able to assist buyers with the shipment
of any lots containing ivory and/or other
restricted materials into the United
States. A buyer’s inability to export or
import these lots cannot justify a delay
in payment or a sale’s cancellation.
Pre-emption right
The French state
retains a pre-emption right on certain
works of art and archives which may be
exercised during the auction. In case of
conÞrmation of the pre-emption right
within Þfteen (15) days from the date
of the sale, the French state shall be
subrogated in the buyer’s position.
Considered as works of art, for purposes
of pre-emption rights are the following
categories:
(1) Archaeological objects more than 100
years old found during land based and
underwater searches of archaeological
sites and collections;
(2) Pieces of decoration issuing from
dismembered buildings;
(3)Watercolours, gouaches and pastels,
drawings, collages, prints, posters and
their frames;
(4) Photographs, Þlms and negatives
thereof irrespective of the number;
(5) Films and audio-visual works;
(6) Original sculptures or statuary or
copies obtained by the same process
and castings which were produced under
the artists or legal descendants control
and limited in number to less than eight
copies, plus four numbered copies by
the artists;
(7) Contemporary works of art not
included in the above categories 3) to 6);
(8) Furniture and decorative works of art;
(9) Incunabula andmanuscripts, books
and other printed documents;
(10) Collections and specimens from
zoological, botanical, mineralogy,
anatomy collections ; collections
and objects presenting a historical,
palaeontological, ethnographic or
numismatic interest;
(11) Means of transport;
(12) Any other antique objects not
included in the above categories 1) to 11)
EXPLANATION OF SYMBOLS
The following key explains the symbols
you may see inside this catalogue.
႒
No Reserve
Unless indicated by a box (
႒
), all lots
in this catalogue are o!ered subject to
a reserve.A reserve is the conÞdential
hammer price established between
Sotheby’s and the seller and below
which a lot will not be sold.The reserve
is generally set at a percentage of the
low estimate and will not exceed the
low estimate for the lot as set out in
the catalogue or as announced by the
auctioneer. If any lots in the catalogue
are o!ered without a reserve, these lots
are indicated by a box (
႒
). If all lots in the
catalogue are o!ered without a reserve,
a Special Notice will be included to this
e!ect and the box symbol will not be
used.
Ⴜ
Guaranteed Property
The seller of lots with this symbol has
been guaranteed a minimumprice from
one auction or a series of auctions.This
guarantee may be provided by Sotheby’s
or jointly by Sotheby’s and a third party.
Sotheby’s and any third parties providing
a guarantee jointly with Sotheby’s beneÞt
Þnancially if a guaranteed lot is sold
successfully andmay incur a loss if the
sale is not successful. If the Guaranteed
Property symbol for a lot is not included
in the printing of the auction catalogue, a
pre-sale or pre-lot announcement will be
made indicating that there is a guarantee
on the lot. If every lot in a catalogue is
guaranteed, the Important Notices in
the sale catalogue will so state and this
symbol will not be used for each lot.
Ⴄ
Property in which Sotheby’s has an
Ownership Interest
Lots with this symbol indicate that
Sotheby’s owns the lot in whole or in part
or has an economic interest in the lot
equivalent to an ownership interest.
Irrevocable Bids
Lots with this symbol indicate that a
party has provided Sotheby’s with an
irrevocable bid on the lot that will be
executed during the sale at a value
that ensures that the lot will sell. The
irrevocable bidder, who may bid in
excess of the irrevocable bid, will
be compensated based on the Þnal
hammer price in the event he or she
is not the successful bidder. If the
irrevocable bidder is the successful
bidder, he or she will be required to
pay the full Buyer’s Premium and will
not be otherwise compensated. If the
irrevocable bid is not secured until after
the printing of the auction catalogue,
a pre-sale or pre-lot announcement
will be made indicating that there is
an irrevocable bid on the lot. If the
irrevocable bidder is advising anyone
with respect to the lot, Sotheby’s
requires the irrevocable bidder to
disclose his or her Þnancial interest in
the lot. If an agent is advising you or
bidding on your behalf with respect to
a lot identiÞed as being subject to an
irrevocable bid, you should request that
the agent disclose whether or not he or
she has a Þnancial interest in the lot.
◉
Restricted Materials
Lots with this symbol have been
identiÞed at the time of cataloguing as
containing organic material which may
be subject to restrictions regarding
import or export.The information is
made available for the convenience of
Buyers and the absence of the symbol
is not a warranty that there are no
restrictions regarding import or export
of the Lot.
Please refer to the section on
“Endangered species” in the“Information
to Buyers”.As indicated in this section,
Sotheby’s is not able to assist buyers
with the shipment of any lots with this
symbol into the United States.Abuyer’s
inability to export or import any lots
with this symbol cannot justify a delay in
payment or a sale’s cancellation.
Property Subject to the Artist’s
Resale Right
Purchase of lots marked with this symbol
(
) will be subject to payment of the
Artist’s Resale Right, at a percentage of
the hammer price calculated as follows:
Portion of the hammer price (in €)
Royalty Rate
From0 to 50,000 4%
From 50,000.01 to 200,000 3%
From200,000.01 to 350,000 1%
From350,000.01 to 500,000 0.5%
Exceeding 500,000 0.25%
The Artist’s Resale Right payable will be
the aggregate of the amount payable
under the above rate bands, subject to
a maximum royalty payable of 12,500
euros for any single work each time it is
sold.The maximum royalty payable of
12,500 euros applies to works sold for 2
million euros and above.
˞
VAT
Items sold to buyers whose address is in
the EU will be assumed to be remaining
in the EU. The property will be invoiced
as if it had no VAT symbol (see‘Property
with no VAT symbol’above). However,
if the property is to be exported from
the EU, Sotheby’s will re-invoice the
property under the normal VAT rules (see
‘Property sold with a
ಳ
symbol’above) as
requested by the seller.
Items sold to buyers whose address
is outside the EU will be assumed to be
exported from the EU. The property will
be invoiced under the normal VAT rules
(see‘Property sold with a
ಳ
symbol’
above).Although the hammer price will
be subject to VAT this will be cancelled or
refunded upon export - see‘Exports from
the European Union’. However, buyers
who are not intending to export their
property from the EU should notify our
Client Accounts Department on the day
of the sale and the property will be re-
invoiced showing no VAT on the hammer
price (see‘Property sold with no VAT
symbol’above).
CONDITIONS GENERALES DE
VENTE
A complete translation in English of
our Conditions of Business is available
on
www.sothebys.comor on request
+33 (0)1 53 05 53 05
Article I : Généralités
Les présentes Conditions Générales
de Vente, auxquelles s’ajoutent les
conditions relatives aux enchères en
ligne en direct via le système BIDnow
accessibles sur le site internet de
Sotheby’s ou disponibles sur demande
(dites « Conditions BIDnow »), régissent
les relations entre, d’une part, la société
Sotheby’s France S.A.S (« Sotheby’s »)
agissant en tant que mandataire du
(des) vendeur(s) dans le cadre de son
activité de vente de biens aux enchères
publiques ainsi que de son activité de
vente de gré à gré des biens non adjugés
en vente publique, et, d’autre part, les
acheteurs, les enchérisseurs et leurs
mandataires et ayants-droit respectifs.
Dans le cadre des ventes
mentionnées au paragraphe précédent,
Sotheby’s agit en qualité de mandataire
du vendeur, le contrat de vente étant
conclu entre le vendeur et l’acheteur.
Les présentes Conditions
Générales de Vente, les Conditions
BIDnow pour les enchères en ligne et
toutes les notiÞcations, descriptions,
déclarations et autres concernant un
bien quelconque, qui Þgurent dans
le catalogue de la vente ou qui sont
a|chées dans la salle de vente, sont
susceptibles d’être modiÞées par toute
déclaration faite par le commissaire-
priseur de ventes volontaires
préalablement à la mise aux enchères du
bien concerné.
Le « groupe Sotheby’s » comprend la
société Sotheby’s dont le siège est situé
aux Etats-Unis d’Amérique, toutes les
entités contrôlées par celle-ci au sens de
l’article L. 233-3 du Code de Commerce
(y compris Sotheby’s) ainsi que la
société Sotheby’s Diamonds et toutes
les entités contrôlées par elle au sens de
l’article L. 233-3 du Code de Commerce.
Le fait de participer à la vente vaut
acceptation des présentes Conditions
Générales de Vente, des Conditions
BIDnow pour les enchères en ligne et des
Informations aux Acheteurs.
AVANT LA VENTE
Article II : Obligations du vendeur –
déclarations et garanties
Le vendeur garantit à Sotheby’s et à
l’acheteur :
(i) qu’il a la pleine propriété non
contestée, ou qu’il est dûment mandaté
par la personne ayant la pleine propriété
non contestée des biens mis en
vente, lesquels sont libres de toutes
réclamations, contestations, saisies,
réserves de propriété, droits, charges,
garanties ou nantissements quelconques
de la part de tiers, et qu’il peut ainsi
valablement transférer la propriété pleine
et entière desdits biens ;
(ii) que les biens sont en règle avec la
réglementation douanière française ;
que, dans le cas où les biens, entrés sur
le territoire français, proviendraient d’un
pays non-membre ou d’un pays membre
de l’Union Européenne, légalement ; que
les déclarations requises à l’importation
et à l’exportation ont été dûment
e!ectuées et les taxes à l’exportation et à
l’importation ont été dûment réglées ;
(iii) qu’il a payé ou paiera toutes les taxes
et/ou droits qui sont dus sur le produit
de la vente des biens et qu’il a notiÞé par
écrit à Sotheby’s le détail des taxes et
droits qui sont dus par Sotheby’s au nom
du vendeur dans tout pays autre que la
France ;
(iv) qu’il a mis à la disposition de
Sotheby’s toutes les informations
concernant les biens mis en vente,