Previous Page  275 / 286 Next Page
Information
Show Menu
Previous Page 275 / 286 Next Page
Page Background

• Euro banker’s draft

• Euro cheque

• Credit cards (Visa, Mastercard,

American Express, CUP)

• Cash in Euros : for private or professionals to an

equal or lower amount of €3,000 per sale (but to

an amount of €15,000 for a non French resident

for tax purposes who does not operate as a pro-

fessional). It remainsat thediscretionofSotheby’s

toassesstheevidenceofnon-tax residenceaswell

as proof that the buyer is not acting for profes-

sional purposes.

Cashiers and the Collection of Purchases office are

open daily 10 am to 12.30 pm and 2 pm to 6 pm.

It is Sotheby’s policy to request any new clients

orbuyerspreferringtomakeacashpaymenttopro-

vide proof of identity (by providing some form of

government issued identification containing a pho-

tograph, such as a passport, identity card or driver’s

licence) and confirmation of permanent address.

Thank you for your co-operation.

Chequesanddraftsshouldbemadepayableto

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 final collec-

tion 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 immedi-

ately if you have a pre-arranged Cheque Accept-

ance 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 : FR 76 30056 00050 00502497340 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

paymentswillbe required.PleasecontactourClient

Accounts Department if you have any questions

concerning clearance.

No administrative fee is charged for payment

by Mastercard and Visa.

We reservethe righttoseek identificationofthe

source of funds received.

Collection of Purchases

Purchases can only be

collected after payment in full in cleared funds has

been made and appropriate identification has been

provided.

All property will be available during, or after

each session of sale on presentation of the paid in-

voice with the release authorisation from the Client

Accounts Office.

Uncollected property will be stored at the

buyer’s risk and expense and then transferred to a

storage facility designated by Sotheby’s at the

buyer’s expense, the storage in the storage facility

designated by Sotheby’s shall be 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

Once the hammer falls, buyers are

solely responsible for taking out insurance to cover

their purchases. Sotheby’s does not assume any lia-

bility for loss or damage to items which may occur

after the hammer falls.

Export of cultural goods

The export of any

property fromFranceor import intoanyothercoun-

try may be subject to one or more export or import

licences being granted.

It is the buyer’s responsibility to obtain any rele-

vant export or import licence.

Buyers are reminded that property purchased

must be paid for immediately after the auction.

The denial of any export or import licence re-

quiredoranydelay inobtainingsuch licencecannot

justify the cancellation of the sale or any delay in

making payment of the total amount due.

Soldpropertywillonlybedeliveredtothebuyer

or sent to the buyer at their expense, following

his/her written instructions, once the export formal-

ities are complete.

Sotheby’s,upon request,mayapply fora licence

to export your property outside France (a “Pass-

port”). 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, Official Journal No. L395 of

31/12/92).

A French Passport is necessary to move from

France toanotherMemberStateof theEUcultural

goods valued at or above the relevant French Pass-

port threshold.

AFrenchPassportmayalsobenecessarytoex-

portoutsidetheEuropeanUnionculturalgoodsval-

ued at or above the relevant French Passport limit

but below the EU Licence limit.

The following is a selection of some of the cat-

egoriesandasummaryof the limitsabovewhichei-

ther 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

Picturesandpaintings inanymediumonanymate-

rialmore than50yearsold(other thanwatercolours,

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 collec-

tion

€50,000

Means of transport more than 75 years old

€50,000

Original prints, engravings, serigraphs and litho-

graphs with their respective plates and original

posters

€15,000

Photographs, films and negatives there of €15,000

Printed Maps more than 100 years old €15,000

Incunabula and manuscripts including maps and

musical scores single or in collections

irrespective of value

Archaeological items more than 100 years old

irrespective of value

Dismemberedmonumentsmorethan100yearsold

irrespective of value

Archives more than 50 years old

irrespective of value

Any other antique items 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 appen-

dix of the regulation foresees that for some cate-

gories, thresholdswillbedifferentdependingwhere

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

We recommend that you keep any document

relatingtothe importandexportofproperty, includ-

ing any licences, as these documents may be re-

quired by the relevant authority.

Pleasenotethatwhenapplyingforacertificateof

free circulation for the property, the authority issuing

such certificate may express its intention to acquire

the property within the conditions provided by law.

Endangered Species

Items made of or incorpo-

ratinganimalmaterialsuchas ivory;whalebone; tor-

toiseshell etc., irrespective of age or value, require a

specific licence from the French Department of the

Environment prior to leaving France. We suggest

that buyers also check with their own relevant gov-

ernment department regarding the importation of

such items.

Pre-emption right

TheFrenchstateretainsapre-

emption right on certain works of art and archives

which may be exercised during the auction. In case

of confirmation of the pre-emption right within fif-

teen (15) days from the date of the sale, the French

state shall be subrogated in the buyer’s position.

Consideredasworksofart, forpurposesofpre-

emption rights are the following categories:

1) Archaeologicalobjectsmorethan100yearsold

found during land based and underwater

searchesofarchaeologicalsitesandcollections;

2) Piecesofdecoration issuing fromdismembered

buildings;

3) Watercolours, gouaches and pastels, drawings,

collages, prints, posters and their frames;

4) Photographs, films and negatives thereof irre-

spective of the number;

5) Films and audio-visual works;

6) Original sculptures or statuary or copies ob-

tained by the same process and castings which

were produced under the artists or legal de-

scendants 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

abovecategories 3) to 6);

8) Furniture and decorative works of art;

9) Incunabula and manuscripts, books and other

printed documents;

10) Collections and specimens from zoological,

botanical,mineralogy,anatomycollections ;col-

lections and objects presenting a historical, pa-

leontologic, ethnographic or numismatic

interest;

11) Means of transport;

12) Any other antique objects not included in the

abovecategories 1) to 11)

EXPLANATION OF SYMBOLS

The followingkeyexplainsthesymbolsyoumaysee

inside this catalogue.

No Reserve

Unless indicated by a box ( ), all lots in this cata-

logue are offered subject to a reserve. A reserve is

theconfidentialhammerpriceestablishedbetween

Sotheby’s and the seller and below which a lot will

not be sold. The reserve is generally set at a per-

centage of the low estimate and will not exceed the

lowestimate for the lotassetout inthecatalogueor

as announced by the auctioneer. If any lots in the

catalogue are offered without a reserve, these lots

are indicated by a box ( ). If all lots in the catalogue

are offered without a reserve, a Special Notice will

be included to this effect and the box symbol will

not be used.

Guaranteed Property

The seller of lots with this symbol has been guar-

anteed a minimum price from one auction or a se-

ries of auctions. This guarantee may be provided

by Sotheby’s, by a third party or jointly by Sotheby’s

and a third party. Third parties providing all or part

of a guarantee benefit financially if a guaranteed

lot is sold successfully and may incur a loss if the

sale is not successful. 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.

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 inter-

est in the lot equivalent to an ownership interest.

Irrevocable Bids

Lots with this symbol indicate that a party has pro-

vided Sotheby’s with an irrevocable bid on the lot

that will be executed during the sale. The irrevoca-

ble bidder, who may bid in excess of the irrevocable

bid, will be compensated based on the final ham-

mer price in the event he or she is not the success-

ful bidder. If the irrevocable bidder is the successful

bidder, he or she will be required to pay the full

Buyer’sPremiumandwillnotbeotherwisecompen-

sated. If the irrevocable bid is not secured until after

the printing of the auction catalogue, a pre-lot an-

nouncementwillbemade indicating that there isan

irrevocable bid on the lot.

Restricted Material

Lots with this symbol have been identified at the

time of cataloguing as containing organic material

which may be subject to restrictions regarding im-

portorexport.The information ismadeavailable for

the convenience of Buyers and the absence of the

Symbol is not a warranty that there are no restric-

tions regarding import or export of the Lot.

VAT

Items sold to buyers whose address is in the EUwill

be assumed to be remaining in the EU. The prop-

erty 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 sym-

bol’ 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 nor-

mal VAT rules (see ‘Property sold with a symbol’

above). Although the hammer price will be subject

to VAT this will be cancelled or refunded upon ex-

port - 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

Acomplete translation inEnglishofourConditions

of Business is available on

sothebys.com

or on re-

quest

+33 1 53 05 53 05

ARTICLE I : GÉNÉRALITÉS

LesprésentesConditionsGénéralesdeVente,aux-

quelles 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 BID-

now»), régissent les relationsentre,d’unepart, laso-

ciétéSotheby’sFranceS.A.S(«Sotheby’s»)agissant

en tantquemandatairedu(des)vendeur(s)dans le

cadredesonactivitédeventedebiensauxenchères

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 lecadredesventesmentionnéesaupara-

graphe 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,

lesConditionsBIDnowpour lesenchèresen ligneet

toutes les notifications, descriptions, déclarations et

10/11 PARIS_COB

273