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terms of sale and bids

Boisgirard - Antonini is a company of voluntary auc-

tion sales regulated by the law of the 10 July 2000.

In such capacity Boisgirard - Antonini acts as the

agent of the seller who contracts with the buyer.

The relationships between Boisgirard - Antonini and

the buyer are subject to the present general condi-

tions of purchase which can be modified by saleroom

notices or oral indications given at the time of the

sale, which will be recorded in the official sale record.

1 - Goods for auction

a) The prospective buyers are invited to examine any

goods in which they may be interested, before the

auction takes place, and notably during the exhibi-

tions.

Boisgirard - Antonini is at disposal of the prospective

buyers to provide them with reports about the condi-

tions of lots.

b) Description of the lots resulting from the catalogue,

the reports, the labels and the verbal statements or

announcements are only the expression by Boisgirard

- Antonini of their perception of the lot, but cannot

constitute the proof of a fact.

c) The statements by made Boisgirard - Antonini about

any restoration, mishap or harm arisen concerning the

lot are only made to facilitate the inspection thereof by

the prospective buyer and remain subject to his own

or to his expert’s appreciation.

All the lots above 5 000 Euros have been submitted to

the Art Loss Register.

Notes in English are neither complete nor accurate,

but are just an approximate description for Eng-

lish-speaking buyers. The condition of the pieces is

not mentioned.

The absence of statements Boisgirard - Antonini by

relating to a restoration, mishap or harm, whether

made in the catalogue, condition reports, on labels or

orally, does not imply that the item is exempt from any

current, past or repaired defect.

Inversely, the indication of any defect whatsoever does

not imply the absence of any other defects.

d) Estimates are provided for guidance only and can-

not be considered as implying the certainty that the

item will be sold for the estimated price or even within

the bracket of estimates.

e) Attributions have been made taking into account

scientific and artistic knowledge at the date of the sale.

Claims will not be accepted for ordinary restorations

and minor damages to lots, considering that buyers

are given the opportunity to assess the condition of the

lots at the time of the pre-sale exhibition.

The condition of antiquities, early ceramics, metal-

work, glass and textiles is not guaranteed, since most

of the pieces are commonly damaged. Necklaces are

recomposed with ancient elements. Dimensions are

given for information only, especially concerning the

framed paintings.

2 - The sale

a) In order to assure the proper organisation of the

sales, prospective buyers are invited to make them-

selves known to Boisgirard - Antonini before the sale,

so as to have their personal identity data recorded.

Boisgirard - Antonini reserves the right to ask any pro-

spective buyer to justify his identity as well as his bank

references.

Boisgirard - Antonini reserves the right to refuse

admission to the auction sales premises to any pro-

spective buyer for legitimate reasons.

b) Any person who is a bidder undertakes to pay per-

sonally and immediately the hammer price increased

by the costs to be born by the buyer and any and all

taxes or fees/expenses which could be due.

Any bidder is deemed acting on his own behalf except

when prior notification, accepted by Boisgirard -

Antonini is given that he acts as an agent on behalf

of a third party.

c) The usual way to bid consists in attending the sale

on the premises.

However, Boisgirard - Antonini may graciously accept

to receive some bids by telephone from a prospective

buyer who has expressed such a request before the

sale.

Boisgirard - Antonini will bear no liability/responsa-

bility whatsoever, notably if the telephone contact

is not made, or if it is made too late, or in case of

mistakes or omissions relating to the reception of the

telephone.

For variety of purposes, Boisgirard - Antonini reserves

its right to record all the telephone communications

during the auction. Such records shall be kept until the

complete payment of the auction price, except claims.

d) Boisgirard - Antonini will bear no liability/responsi-

bility in case of mistakes or omission of performance

of the written order.

e) In the event where a reserve price has been stipu-

lated by the seller, Boisgirard - Antonini reserves the

right to bid on behalf of the seller until the reserve

price is reached.

f) Boisgirard - Antonini will conduct auction sales at

their discretion, in accordance with established prac-

tices.

Boisgirard - Antonini reserves the right to refuse any

bid, to organise the bidding in such manner as may

be the most appropriate, to move some lots in the

course of the sale, to withdraw any lot in the course

of the sale, to combine or to divide some lots in the

course of the sale.

In case of challenge or dispute, Boisgirard - Antonini

reserves the right to designate the successful bidder, to

continue the bidding or to cancel it, or to put the lot

back up for bidding.

No lot will be delivered to the buyer until full payment

has been made.

In case of payment by an ordinary draft/check, pay-

ment will be deemed made only when the check will

have been cashed.

3 - The incidents of the sale

a) In case two bidders have bidden vocally, by mean

of gesture or by telephone for the same amount and

both claim title to the lot, after the bidding the lot, will

immediately be offered again for sale at the previous

last bid, and all those attending will be entitled to bid

again.

b) So as to facilitate the presentation of the items dur-

ing the sales, Boisgirard - Antonini will be able to use

video technology.

Should any error occur in operation of such, which

may lead to show an item during the bidding which is

not the one on which the bids have been made, Bois-

girard - Antonini shall bear no liability/responsability

whatsoever, and will have sole discretion to decide

whether or not the bidding will take place again.

4 - Pre-emption of the French state

The French state in entitled to use a right of pre-emption

on works of art, pursuant to the rules of law in force.

The use of this right comes immediately after the

hammer stroke, the representative of the French state

expressing then the intention of the State to substitute

for the last bidder, provided he confirms the pre-emp-

tion decision within fifteen days.

Boisgirard - Antonini will not bear any liability/respon-

sibility for the conditions of the pre-emption by the

French State.

5 - The performance of the sale

a) In addition to the lot’s hammer price, the buyer

must pay the following costs and fees/taxes:

1) Lots from the EEC:

The buyer must pay Boisgirard - Antonini, in addition

to the hammer price, commission of 23% excl. Tax

(with VAT 27.60%) of the sale price up to 350 000

Euros. For the books the commission will be: 23%

excl. Tax + 5.5% (with VAT 24.27%)

By credit card, Boisgirard - Antonini, will charge 1% in

addition to the hammer price.

2) The taxes (VAT on commissions and VAT on

importation) can be retroceded to the purchaser on

presentation of written proof of exportation outside

the EEC.

An EEC purchaser who will submit his intra-Commu-

nity VAT number will be exempted from paying the

VAT on commissions.

The payment of the lot will be made cash, for the

whole of the price, costs and taxes, even when an

export licence is required.

The purchaser will be authorized to pay by the fol-

lowing means:

- in cash: up to 1 000 euros, costs and taxes

included, for French citizen, up to 15 000 euros,

costs and taxes included, for foreign citizen on pres-

entation of their identity papers.

- By cheque or bank transfer.

- By credit card: VISA, MASTERCARD.

b) Should the buyer have neglected to give his per-

sonal information before the sale, he will have to

give the necessary information as soon as the sale of

the lot has taken place.

c) The lot must to be insured by the buyer imme-

diately after the purchase. The buyer will have no

recourse against Boisgirard - Antonini , in the event

where, due to a theft, a loss or a deterioration of his

lot after the purchase.

d) The lot will be delivered to the buyer only after the

entire payment of the price, costs and taxes.

In the meantime Boisgirard - Antonini may invoice to

the buyer the costs of storage of the lot, and if appli-

cable the costs of handling and transport.

Should the buyer fail to pay the amount due, and

after notice to pay has been given by Boisgirard -

Antonini to the buyer without success, at the sell-

er’s request, the lot is re-offered for sale, under the

French procedure known as “procédure de folle

enchère”. If the seller does not make this request

within a month from the date of the sale, the sale will

be automatically cancelled, without prejudice to any

damages owed by the defaulting buyer.

In addition, Boisgirard - Antonini reserves the right

to claim against the defaulting buyer, at their option:

- interest at the legal rate increased by five points,

- the reimbursement of additional costs generated by

the buyer’s default,

- the payment of the difference between the initial

hammer price and the price of sale after “procé-

dure de folle enchère” if it is inferior as well as the

costs generated by the new auction.

Boisgirard - Antonini reserves the right to exclude

from any future auction, any bidder who has been a

defaulting buyer or who has not fulfilled these gen-

eral conditions of purchase.

e) For items purchased which are not collected

within seven days from after the sale (Saturdays,

Sundays and public holidays included), Boisgirard -

Antonini will be authorized to move them into a stor-

age place at the defaulting buyer’s expense, and to

release them to same after payment of correspond-

ing costs, in addition to the price, costs and taxes.

6 - Intellectual Property Right - Copyright

The copyright in any and all parts of the catalogue is

the property of Boisgirard - Antonini. Any reproduc-

tion thereof is forbidden and will be considered as

counterfeiting to their detriment.

Furthermore, Boisgirard - Antonini benefits from a

legal exception allowing them to reproduce the lots

for auction sale in their catalogue, even though the

copyright protection on an item has not lapsed.

7 - Law and Jurisdiction

These Conditions of purchase are governed by French

law exclusively.

Any dispute relating to their existence, their validity

and their binding effect on any bidder or buyer shall

be submitted to the exclusive jurisdiction of the Courts

of France.