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dans l’UE seront considérés comme devant rester
dans l’Union Européenne. Les clients acheteurs
seront facturés comme s’il n’y avait pas de symbole
de TVA (cf. régime de la marge – biens non mar-
qués par un symbole). Cependant, si les lots sont
exportés en dehors de l’UE, ou s’ils sont l’objet d’une
livraison intracommunautaire à destination d’un pro-
fessionnel identifié dans un autre Etat membre de
l’Union Européenne, Sotheby’s refacturera les clients
selon le régime général de TVA (cf. Biens mis en
vente par des professionnels de l’Union Européenne
) 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 iden-
tifiés dans un autre Etat membre de l’Union Eu-
ropéenne 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
). Bien que le prix marteau
soit sujet à la TVA, celle-ci sera annulée ou rem-
boursée sur preuve d’exportation (cf. Rembourse-
ment de la TVA pour 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 compt-
abilité client le jour de la vente. Ainsi, leurs lots seront
refacturés de tellemanière 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 offered under French Law and
the Conditions of Sale printed in this catalogue in
respect of online bidding via the internet, the BID-
now 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 auc-
tion. Our staff as listed at the front of this catalogue
will be happy to assist you. Please refer to the sec-
tion Sales Enquiries and Information. It is important
that you read the following information carefully.
Prospective bidders should also consult
www.sothebys.com
for the most up to date cata-
loguing 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 dis-
closed for a variety of reasons. For example, such in-
formation may be excluded to accommodate a
seller’s request for confidentiality or because the
identity of prior owners is unknown given the age of
the work of art.
Buyer’s Premium
According to Sotheby’s Con-
ditions 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 in-
cluding €15,000, 20% of any amount in excess of
€15,000 up to and including €800,000, and 12% of
anyamount inexcess of€800,000, plus anyapplicable
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
VAT will not normally be charged on the hammer
price. Sotheby’s must bear VAT on the buyer’s pre-
mium and hence will charge an amount in lieu of
VAT (currently at a rate of 19.60% or 5.50% for
books) on this premium. This amount will form part
of the buyer’s premium on our invoice and will not
be separately identified.
Property with
symbol (property sold by Eu-
ropean Union professionals)
Where there is the
symbol next to the property number or the esti-
mate, the property is sold outside the margin
scheme by European Union (EU) professionals.
VATwill be charged to the buyer (currently at a rate
of 19.60% or 5.50% for books) on both the hammer
price and buyer’s premium subject to a possible re-
fund of such VAT if the property is exported out-
side the EU or if it is removed to another EU
country (see also paragraph below).
VAT refund for property with
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 fromFrance to
another country of the EU within a month of the
date of sale.
Property with or symbols (temporary im-
portation)
Those items with the 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 % ( ) or of 19,6 % ( ) and
the buyer’s premium will be increased of VAT cur-
rently at a rate of 19,60 %. (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 fromFrance to another
country outside the EU within two months of the
date of sale (in the formof a copy of customs export
documentation where Sotheby’s appears as the
shipper stamped by customs officers).
Any property which is on temporary import in
France, and bought by a non EU resident, will be
subjected to clearance inward (payment of theVAT,
duties and taxes) upon release of the property. No
reimbursement of VAT, duties and taxes to the
buyer will be possible, except if written confirmation
is provided to Sotheby’s that the temporary im-
ported 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 reim-
bursement will be possible.
Z. BEFORE THE AUCTION
Catalogue Subscriptions
If you would like to
take out a catalogue subscription, please ring +33
(0)1 53 05 53 85.
Pre-sale Estimates
The pre-sale estimates are in-
tended purely as a guide for prospective buyers.
Any bid between the high and the low pre-sale es-
timates offers a fair chance of success. It is always
advisable to consult us nearer the time of sale as es-
timates can be subject to revision.
Condition of the property
Solely as a conven-
ience, we may provide condition reports.
All property is sold in the condition in which
they were offered 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 sat-
isfy themselves that each property corresponds with
its description. Given that the re-lining, frames and
linings constitute protective measures and not de-
fects, they will not be noted. Any measurements
provided are only approximate.
All prospective buyers shall have the opportu-
nity 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 practi-
cable. 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 as-
sistance from a member of Sotheby’s staff to ensure
your safety and the safety of the property on view.
Some items on viewmay be labelled “PLEASE
DO NOT TOUCH”. Should you wish to view
these items you must ask for assistance from a
member of Sotheby’s staff, who will be pleased to
assist you.
Electrical and Mechanical Goods
All electrical
and mechanical goods (including clocks) are sold
on the basis of their decorative value only and
should not be assumed to be operative. It is essen-
tial that prior to any intended use, the electrical sys-
tem is checked and approved by a qualified
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.
[. 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 con-
ducted in Euros. A currency converter will be oper-
ated 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 auc-
tion, you will need to register for and collect a num-
bered 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 pad-
dle 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 immedi-
ately.
Sotheby’s will invoice all property sold to the
name and address in which the paddle has been reg-
istered 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 pad-
dle to the registration desk.
Bidding as Principal
If youmake 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 identified and acceptable third party and you
have produced a valid written power of attorney ac-
ceptable to us.
Absentee Bids
If you cannot attend the auction,
we will be pleased to execute written bids on your
behalf.
Abidding form can be found at the back of this
catalogue. This service is free and confidential. In the
event of identical bids, the earliest bid received will
take precedence.
Always indicate a “top limit”. “Buy” and unlim-
ited 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 staff at the Client Service Desks,
• Posted to the Paris offices of Sotheby’s,
• Hand delivered to the Paris offices 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 nec-
essary 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
confirmation of telephone bids at least 24 hours be-
fore 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-lin-
gual staff are available to execute bids for you.
Telephone biddingwill 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.
\. 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. Theymay be amended
by way of notices posted in the salesroomor by way
of announcement made by the auctioneer.
Access to the property during the sale
For se-
curity 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 appro-
priate and is entitled to place consecutive and re-
sponsive bids on behalf of the seller until the reserve
price is achieved.
]. 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 and may be made by the following methods:
• Bank wire transfer in Euros
• Euro travellers cheque
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