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TERMS OF SALE
The Auction House SVV LASSERON & ASSOCIES
is a voluntary sales company governed by the law
of 20 July 2011. The Auction House acts as agent for
the seller who enters into a sale contract with the
purchaser.
The auction sales organised by the Auction House
SVV LASSERON &ASSOCIES are hereby subject to
the following conditions of sale:
GOODS PUT UP FOR SALE
Potential purchasers are invited to examine the goods
that might be of interest to themduring the exhibitions
which are organised by the Auction House SVV
LASSERON &ASSOCIES before the auctions.
Condition reports may be requested from the
Auction House by letter, telephone or electronic mail.
They will be sent free of charge but are to be used for
information only.The reports will include the artistic
and scientific information known to the Auction
House at the date of the sale and the latter will not
accept any responsibility for errors or omissions. The
descriptions to be found in the catalogue are drawn
up by the Auction House and where applicable by
the expert who assists the former, subject to notices
and corrections given when the lot is presented
and included in the bill of sale. Sizes, weights and
estimates are given for information purposes only.
The coIours of the works included in the catalogue
may vary due to printing techniques.
The lack of information on the condition of the
goods in the catalogue will by no means imply that
the lot is in a perfect state of preservation or free
from restoration, wear, cracks, relining or other
imperfection.
The goods are sold in the state they are found at the
time of sale.
As the prior exhibition has enabled potential
purchasers to examine the object, no claim will be
accepted once the hammer has gone down.
AUCTION SALES
The auction sales are carried out in the order of
the catalogue numbers. The bidders are invited to
make themselves known to the Auction House SVV
LASSERON & ASSOCIES before the sale to ensure
that their personal details are recorded beforehand.
Bidders are generally present in the room.
However, any bidder who would like to place an
absentee bid in writing or bid by telephone may use
the form, intended for this purpose, to be found at
the end of the sale catalogue or on the website www.
lasseron-associes.com.
The form should be sent to the Auction House SVV
LASSERON & ASSOCIES together with a bank
identification slip [RIB in France] or bank details at
least before Sunday 5th November 2016 at 8.00 P.M
The Auction House SVV LASSERON & ASSOCIES
will deal with auction sales by telephone and absentee
bids free of charge. In all cases, the Auction House
cannot be held responsible for a problem with the
telephone link along with an error or omission in the
execution of the absentee bids received.
ln the event of two identical absentee bids, preference
will be given to the earliest absentee bid. The bidder
who is present in the room shall have priority over
an absentee bid should the two bids be of equivalent
amounts. The successful bidder will be deemed to be
the individual who has made the highest bid. In the
event of a double bid which is confirmed as such by
the auctioneer,the lot will be put up for sale again and
any or all persons present will have the right to take
part in the second sale by auction
PAYMENT
Payment must be paid immediately after the sale in
euros. In the event that the successful bidder has not
given their personal information before the sale, they
will be required to provide proof of identity and bank
details. ln addition to the hammer price, purchasers
will be required to pay the folIowingcosts and taxes
per lot and per block:
- from 1 to 20 000 € : 24 % before tax
(28,80 % inclusive of tax except for
books 25,32 % inclusive of tax)
- from 20 001 € to 600.000 € : 20% before tax (24 %
inclusive of tax except for books 21,10% inclusive of
tax)
- above 600.001 € : 12% before tax
(14,40 % inclusive of tax except for
books 12,66% inclusive of tax)
The successful bidder may pay using one of the
following methods:
- in cash within the limits of the legislation in force.
- by bank transfer.
- by cheque, with the presentation of
identity papers being compulsory.
Cheques drawn on a foreign bank will only be
accepted provided prior consent
is obtained from the Auction House
SVV LASSERON & ASSOCIES. Purchasers are
advised to provide a letter of credit from their bank
for an amount which is close to their intended
purchase figure.
- by bank card except American Express.
FAILURE TO PAY
ln the event of failure to pay the hammer price and
fees, formal notice will be sent to the purchaser by
registered letter with acknowledgement of receipt. ln
the event of failure to pay at the end of the deadline of
one month after the sending of the formal notice, the
purchaser will be required to pay an additional fee of
10 % of the hammer price, with a minimum of 250
euros, to cover collection costs.
This clause being applied will not hinder the awarding
of damages and costs for the legal proceedings which
will be required, and does not exclude the article
being put up for sale again in a new auction which is
governed by article L 321 -14 of the Commercial Code.
Within the framework of this new auction, the
Auction House hereby has the right to claim the
payment of the difference between the initial
hammer price and the subsequent hammer price
obtained from this reiteration of auction, if this last
is lower, together with the costs incurred due to the
second Auction sale from the defaulting successful
bidder.
The Auction House SVV LASSERON & ASSOCIES
hereby reserves the right to offset against the
amounts owed to the defaulting successful bidder.
Furthermore, the Auction
House SVV LASSERON & ASSOCIES hereby
reserves the right to exclude any or all successful
bidder who has not complied with these conditions
of sale from its future auction sales.
The Auction House SVV LASSERON &ASSOCIES is
member of the Central Registry for auctioneers for the
prevention of outstanding invoices of the auctioneers
where a default in payment can be inscribed.
The debtor can access, modify or make an opposition
for a legitimate reason before the SYMEV at the
following address: 15 rue Freycinet 75016 Paris.
COLLECTION OF PURCHASES
No lot will be handed over to the purchasers before
all of the amounts owed are settled.
ln the event of payment with a non-certified cheque
or by bank transfer, delivery of the articles may be
differed until receipt of the amounts owed. As soon
as the auction sale is concluded, the articles will be
placed under the purchaser’s full responsibility.With
regard to the collection of lots which have not been
taken on the date of the sale,you are advised to contact
the Auction House SVV LASSERON & ASSOCIES
prior to collection on
+33 (0)1 49 95 06 84
An appointment can be made to collect small
paintings and objects of art at 46 rue de la Victoire
75009 Paris,fromMonday to Friday from 9.00
a.m.to1.00 p.m. and from 2.00 p.m. to 6.00 p.m.
Furniture and in general terms any bulky articles are
stored at DROUOT MAGANISAGE, 3 rue Rossini
75009 (Monday to Saturday 9.00 a.m to 10.00 a.m and
13.00 p.m to 18.00 p.m). Storage costs are to be paid
by the purchaser and will be invoiced directly by our
partners to the purchaser with the tariffs in force.
Transportof thelotsistobecarriedoutatthesuccessful
bidder’s expense and under their full responsibility.
The Auction House SVV LASSERON & ASSOCIES
has not shipping department. The successful bidder
can contact DROUOT TRANSPORT +33 (0)1 48 00
20 49 ou FRANCE EXPORT +33 (0)1 44 79 00
EXPORT
Tax refund
The VAT will be refunded to the buyers who are non-
European Union residents upon presentation to our
accountant of the export declaration (SAD) of the
good(s) purchased duly endorsed by the competent
customs authority,within 3 months after the sale.The
export declaration must mention the auction house
SVV LASSERON &ASSOCIES as the consignor and
the buyer as the consignee of the good(s).
The export of the works of art considered as“cultural
goods” must be authorized by the Ministry for the
Arts (see article L 111-2 of the Patrimony Code).
The export to a country within the European
Union requires a certificate of export issued by the
Ministry of the Arts with a delay up to 4 months.This
certificate could be asked by the Auction House on
behalf of the buyer after the sale.
The export to a country outside the European Union
requires a certificate of export as well as an export
licence and a customs declaration.
In this case, the buyer has to pass through a transit
company in order to ask for these export authorizations.
The Ministry of the Arts issues or refuses the
certificate of export within a maximum delay of 4
months and the licence export need two further
weeks to be obtained.
The documents required must be presented to the
customs officers.
The law punishes to penalties the person who
exports or tries to export a cultural good without the
authorizations required (see article L 114-1 of the
Patrimony Code).
The works of art are considered as cultural goods
according to their age (generally from 50 years)
and their value (price with taxes included) which
varies by categories (€ 150 000 or more for paintings,
€ 15 000 or more for prints…).
These thresholds are set by the decree
n° 93-124 of the 29th January 1993 and by the European
Regulation of the 18th December 2008 (n° 116/2009).
The Auction House is not responsible for the delay or
the refusal of the export certificate from the Ministry
for the Arts.
Governing law and jurisdiction
These conditions of sale are governed by French law.
Any or all dispute relating to the wording, validity
and performance will be settled by the court or
competent jurisdiction in Paris.
Hammer prices can be found on the internet site
www.lasseron-associes.comor upon request at the
following telephone
number
+33 (0) 1 49 95 06 84