Live bidding may start higher or lower
Buyer's Premium
€1 - 150,000: 25.0%
€150,001 - 1,200,000: 20.0%
€1,200,001+: 12.0%
From: To: Increment:
€0 €99 €10
€100 €499 €50
€500 €999 €100
€1,000 €3,999 €200
€4,000 €19,999 €500
€20,000 €49,999 €1,000
€50,000+ €5,000
Payment: a) In addition of the lot's hammer price, the buyer must pay the following costs and fees/taxes by lot and by decreasing scale :
1) Lots from the UE:
? From 1 to 150,000 euros: 25 % + current VAT.
? From 150,001 to 1,200,000 euros: 20 %
+ current VAT.
? Over 1,200,00 euros: 12 % + current VAT.
2) Lots from outside the UE: (identified by an ). In addition to the commissions and taxes indicated above, importation expenses will be charged (5.5% of the hammer price, 20% for jewelry and watches, motorcars, wines and spirits and multiples).
3) Artcurial SAM being subject to VAT on the margin, no document mentions VAT.
4) The VAT on buyer's premium and importation expenses may be refund to the purchaser on presentation of written proof of exportation outside the UE.
An UE purchaser who will submit his intra-Community VAT number will be exempted from paying the VAT on buyer's premium providing he can prove with an adequate document that his purchase will be shipped to his EU country home address.
5) The payment of the lot will be made in cash, for the entire price, costs and taxes, even when an export license is required.
The purchaser will be authorized to pay by the following means:
- In cash, up to 30,000 euros, on presentation of their identity papers ;
-By bank check drawn on a Monegasque or French bank upon presentation of identification and to any legal person, registration certificate society (checks drawn on a foreign bank are not accepted).
- By bank transfer in euros;
- By credit card: VISA, MASTERCARD or AMEX (in case of payment by AMEX, a additional 1.85 % commission corresponding to cashing costs will be collected).
6) Rights for the authors of graphic and art works: The foregoing shall not preclude, as appropriate, the application of Article 11-1 of the Act No. 491 of 24 November 1948 on the protection of Literary and artistic Works and the Ministerial Decree No. 87-007 of 12 January 1987 on its application.
b) Artcurial SAM will be authorized to reproduce in the official auction record and on the bid summary the information that the buyer will have provided before the sale. The buyer will be responsible for any false information given.
Should the buyer have neglected to give his personal information before the sale, he will have to give the necessary information as soon as the sale of the lot has taken place.
Any person registered by Artcurial SAM has right of access and of rectification to the personal data provided to Artcurial SAM pursuant to the provisions of Law No. 1165 of 23 December 1993, as amended by Law No. 1353 of 4 December 2008 on the protection of personal information.
c) The lot must to be insured by the buyer immediately after the purchase. The buyer will have no recourse against Artcurial SAM, in the event where, due to a theft, loss or deterioration of his lot after the purchase, the compensation he received from Artcurial SAM 's insurer proves insufficient.
d) The lot will be delivered to the buyer only after the entire payment of the price, costs and taxes. If payment is made by check, the lot will be delivered after cashing, eight working days after the check deposit.
In the meantime Artcurial SAM may invoice to the buyer the costs of storage of the lot, and if applicable the costs of handling and transport.
Should the buyer fail to pay the amount due, and after notice to pay has been given by Artcurial SAM to the buyer without success, at the seller's request, the lot is re-offered for sale, under the procedure known as "procédure de folle enchère" (irresponsible bidding). If the seller does not make this request within three months from the date of the sale, the sale will be automatically cancelled, without prejudice to any damages owed by the defaulting buyer.
In addition, Artcurial SAM reserves the right to claim against the defaulting buyer, if they so choose:
- interest at the legal rate increased by five points,
- reimbursement of additional costs generated by the buyer's default,
- payment of the difference between the initial hammer price and the price of sale after "procédure de folle enchère" if it is inferior as well as the costs generated by the new auction.
Artcurial SAM also reserves the right to set off any amount Artcurial SAM may owe the defaulting buyer with the amounts to be paid by the defaulting buyer.
Artcurial SAM reserves the right to exclude from any future auction, any bidder who has been a defaulting buyer or who has not fulfilled these general conditions of purchase.
e) For items purchased which are not collected within seven days from after the sale (Saturdays, Sundays and public holidays included), Artcurial SAM will be authorized to move them into a storage place at the defaulting buyer's expense, and to release them to same after payment of corresponding costs, in addition to the price, costs and taxes.
f) ) The buyer may obtain a certificate of sale upon request which will be invoiced EUR60.
Shipping Terms: The buyer must insure his purchase, and Artcurial SAM assumes no liability for any damage items may incur after the sale. All transportation arrangements are the sole responsibility of the buyer.
Monaco
Monaco Yacht Club
Ballroom
Friday, January 20th, 10am - 7pm Saturday, January 21st, 10am - 7pm
Artcurial SAM
6 Avenue des Citronniers - 98000 Monaco On demande and on appointment (+377 97 77 51 99 ) from Monday, Januray 23rd
Paris at Artcurial
7 Rond-Point des Champs-Elysées 75008 Paris
On demande and on appointment from Wednesday, January 25th :
Monday to Friday, 9.30am - 12.30pm and 2pm - 6pm
Premium: 1) Lots from the UE:
? From 1 to 150,000 euros: 25 % + current VAT.
? From 150,001 to 1,200,000 euros: 20 %
+ current VAT.
? Over 1,200,00 euros: 12 % + current VAT.
2) Lots from outside the UE: (identified by an ). In addition to the commissions and taxes indicated above, importation expenses will be charged (5.5% of the hammer price, 20% for jewelry and watches, motorcars, wines and spirits and multiples).
Goods for auction: The photographs reproduced in the catalogue have no legal value and are not to be considered as guarantee of quality. Artcurial SAM reserves the right to modify the scale and proportions of an object for the purpose of the page setup of a catalogue.
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 exhibitions.
Artcurial SAM is available to the prospective buyers to provide them with reports about the conditions of lots. Pieces of furniture, paintings and works of Art are sold in their current condition.
b) Description of the lots resulting from the catalogue, reports, labels and verbal statements or announcements are only the expression by Artcurial SAM of their perception of the lot, but cannot constitute the proof of a fact.
c) The statements by made Artcurial SAM 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 the buyer's own or to the buyer's expert's evaluation. The absence of statements Artcurial SAM in regard to a restoration, mishap or harm, 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, indication of any defect whatsoever does not imply the absence of any other defects. Artcurial SAM is bound only within the limits of due care.
d) Estimates are provided for guidance only and cannot be considered as implying the certainty that the item will be sold for the estimated price or even within the bracket of estimates.
Estimates cannot constitute any warranty assurance whatsoever.
The estimations can be provided in several currencies ; the conversions may, in this case or, be rounded off differently than the legal rounding
e) Regarding clockmaking, watches and
pendulum clocks are sold ?as is?. No warranty
is given as the correct operation of the watches
and clocks or to the condition of the bracelet
or hand wrists. Most of the watches have been
opened, as required in order to identify the type and quality of the movement, including the waterproof watches. It is therefore recommended to the purchasers who would like to check the waterproofness of a watch to consult a clockmaker. Any dial of a watch that has been restored or repainted shall be considered as the subject of a measure of conversation, and hence shall not be reported.
The replacement of any bracelets, as well as the waterproofness, the restorations, revisions and settings are the responsibility of the purchaser. Artcurial SAM shall not accept
any quotation for restoration from any clockmaker whatsoever. Once adjudication has been awarded, all claims shall be rejected, as the purchasers will have had the opportunity to examine the items before acquisition.
f) Concerning jewels sales, gem stones and pearls:
1) Our expert Cabinet Déchaut-Stetten indicates those gem stones which have been altered as being ?traditional lapidary methods? in the same manner as thosestones which have not been altered.
2) Cabinet Déchaut-Stetten indicates those gem stones which have been modified by other processes with the stone's name, followed by the mention ?treated/traité? or by the name of the treatment applied. Those gemstones presented without a laboratory certificate have
been evaluated and estimated by the Cabinet Déchaut-Stetten, the possible modifications having been taking into account as noted in paragraph 1).
Cabinet Déchaut-Stetten remains at the buyer's disposal for further information concerning the various types of treatment. The identification techniques and the analysis results concerning the origins and the classification of stones and pearls may vary from one laboratory to another. Therefore, it is possible to obtain, in certain cases, a different result depending on the laboratory used.
3) ) If a buyer wishes to get the opinion of another gemological laboratory, he must submit this request at the latest 15 days prior to the sale. No dispute will be considered valid on the gem certificates provided by Artcurial SAM. These certificates are provided as a service only.
4) Lots which include rubies/jades from Burma can be exported to the US, providing they have a certificate or invoice which states that they were exported from Burma before 2007. There exist no restriction for rubies/jades circulating within the EU.
g) Regarding animal matter (ivory, coral, tortoiseshell, rare skins, etc.), some lots offered for sale are potentially composed of elements from endangered or protected species. Artcurial SAM reserves the right to refuse any jewelery and / or object whose composition would violate the Convention on International Trade in Endangered Species of Wild Flora and Flora (CITES) applicable in the Principality of Monaco under Sovereign Order No. 67 of 23 May 2005.
