Conditions of Sale
BUYER'S PREMIUM
For Jewels the buyer will pay to the order
of Monaco Legend Group, in addition to the
hammer price, a buyer's premium of: until
1.000.000 €: 28.80% TTC. (24% HT). Major of
1.000.000 €:15% TTC (12,5% HT).
Watches are submitted to a premium of:
Until 250.000 €: 28.80% TTC. (24% HT). From
250.001 to 999.999 €: 24%TTC. (20% HT).
Major of 1.000.000 €:15% TTC. (12,5% HT).
Artworks are submitted to a fix premium of
30% TTC. (25% HT).
The lots marked with a * are liable to the
relevant import VAT:
?? 20% of the additional charge for the
watches and jewels.
?? 5.5% of the additional charge for the
artworks.
CONDITIONS AND INFORMATION FOR
BUYERS
The sale is subject to the French legislation
and to the terms printed in this catalogue. It
is important to read the following conditions.
Useful information is given on the methods
to buy at auction. Our team remains at your
disposal to inform and assist you.
VAT
Non-European buyers may have all VAT
invoiced refunded to them, on the basis of the
selling costs only, if they request so in writing
to the accounting department within a delay
of 3 months from the date of the sale, and if
they provide Monaco Legend Group with the
third sample of the customs documentation
(DAU) stamped by customs. Monaco Legend
Group must appear as a shipper on the export
document and the buyer as the consignee. The
exportation has to be done within the legal
delays and a maximum of 3 months of the date
of sale.
CITES REGULATIONS
? : The documents provided by the study
"Monaco Legend Group" for the CITES articles
of the species listed in the annexes A, B or C
of the regulation CE338/97 are only valid in
the EU. All the exits to a third country shall be
subject to an exportation or reexportation permit
granted by the CITES Management Authority. In
the buyer's country of residence. We advise you
to approach the CITES Management Authority of
the country of destination to obtain confirmation
of the possibility of importing such articles.
Some countries can prohibit the issuing of the
documents according to their own specific
legislation. These actions have to be taken by
the buyer and at their own expense. Contact
Monaco Legend Group for more information.
BEFORE THE AUCTION
INDICATIVE NATURE OF THE ESTIMATES
The estimates are intended as a guide only.
Any bid between the high and the low pre-sale
estimates offers a fair chance of success. lt is
always advisable to consult us nearer the time
of sales as estimates can be subject to revision.
The estimates set out in the catalogue do not
include the buyer's premium.
CONDITION OF THE LOTS
We are at your disposal to provide you a detailed
report on the condition of the lots.
All lots are sold in the condition in which they
were offered for sale with all their imperfections
and defects. Dimensions, colors and weight of the
products are provided for information purposes
only and are not binding.
No claim can be accepted for minor restoration
or small damages. It is the responsibility of each
prospective bidder to inspect each lot prior to the
sale and to rely on their own judgement to aquaint
with the characteristics and the potential repairs
or restorations. No claim can be considered once
the auction is pronounced.
?? Restored or repainted dials regarded as
protective measures and not as vices will not
be reported. The conditions of the bracelets
and the water resistance of the screwed-back
watches are not guaranteed, and neither are
the deployment clasps and tang buckles. It
is important to note most of the waterproof
watches have been opened to identify the type
and quality of the movement.
?? There is no guarantee the watches are still
resistant to water and it is recommended to
consult your watchmaker before using the item.
?? Dimensions of the watches are provided for
information purposes only.
?? Absence of any indication of the existence of
restoration work or of an accident by no means
exempt the jewelry from having a defect.
?? Precious and semi-precious stones may have
been subject to treatments with the intention to
showcase them. (i.e: oil treatment of emeralds,
heat treatment for rubies and sapphires,
whitening of pearls).
?? These treatments are traditional and accepted
by the jewels international market
?? Considering the rise of new treatments, the
stones submitted to the auction with no
certificates will be sold without guarantees
about the treatment.
?? It shall be stated that the origin of the stones
and their quality (color and purity of the
diamonds) reflect the opinion of the laboratory
issuing the certificate. No claim will be
accepted in case another laboratory gives
another opinion, and will in no way engage the
responsibility of the auctioneer and expert.
?? The jewelry advertised in our catalogue as
yellow-gold or white-gold with no hallmark are
always in gold 18K, that is 750%°-- Gold 14K:
585%°--Gold 9k: 375%° (Charts)
?? Relining, inlay work and varnishing are
considered a protective measure and not a
vice, they will not be reported. Dimensions are
provided for information purposes only.
SALE PREVIEW
Pre-auction viewing are open to the public.
Monaco Legend Group is concerned for your
safety while on our premises and we endeavor
to display items safely so far as is reasonably
practicable. Nevertheless, handling an object
without the supervision of a member of Monaco
Legend Group shall be at your sole risk.
THE AUCTIONS
Bids can be executed in person, by telephone
or by a third party. Auctions will be conducted
in euros. A currency converter will be operated
during the auction for your convenience,
however, only the prices in euros will be valid.
BIDDING IN PERSON
To bid in person in the sale room, you will need
to register with Monaco Legend Group before
the auction begins.
Each bidder shall provide Monaco Legend
Group their bank information and guarantees
before the session. They will then be assigned
a bidder number that will be necessary to
authorize the sale.
Should there be any doubts as to price or buyer,
please draw the auctioneer's attention to it
immediately.
BIDDING WITH A POWER OF ATTORNEY
If you make a bid at auction, you do as principal
and you shall assume full responsibility for
your bid, unless it has been previously agreed
that you do so on behalf of an identified third
party and you have produced a valid power of
attorney acceptable to us.
ABSENTEE BIDS
If you cannot attend a sale, we would be
pleased to execute written and signed bids on
your behalf. This service is free and confidential.
Lots will be bought at the best possible price,
respecting the reserves and other bids. In the
event of identical bids, the earliest bid received
will take precedence. Always indicate a top limit,
unlimited bids and "buy at all costs" will not be
accepted. Orders shall be made in euro.
A bidding form can be found at the end of this
catalogue.
Written orders may be
?? Sent by e-mail at: info@monacolegendgroup.
com
?? Hand delivered to staff on the premises
?? You may also bid by telephone, however, bids
must be confirmed before the auction in
writing. In order to guarantee satisfaction to
the bidders, written bids must be received at
least 24 hours before the auction.
BIDDING BY TELEPHONE
If you cannot attend the auction, it is possible
to bid on the telephone. As the number of
telephone lines is limited, it is necessary to
make arrangements for this service 24 hours
before 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.
THE AUCTION
CONDITIONS OF SALE
As indicated above, the auction is governed by
the conditions printed in this catalogue. Anyone
considering bidding in the auction should read
them carefully. They may be amended by way
of notices posted in the salesroom or by way of
announcement made by the auctioneer.
ACCESS TO THE LOTS DURING THE SALE
For security reasons, prospective bidders will
not be able to view the lots whilst the auction
is taking place.
AUCTIONING
The sale will follow the order of the catalogue.
The auctioneer may commence and advance
the bidding at levels he considers appropriate.
The auctioneer is entitled to place consecutive
and responsive bids for and on behalf of the
vendor until the reserve price is achieved.
AFTER THE AUCTION
RESULTS OF THE SALE
If you would like to know the result of your
absentee bids, please contact:
Monaco Legend Group: +377 97 775 335
www.monacolegendauctions.com
PAYMENT
Payment is due immediately after the sale.
Payment may be made by the following
methods:
?? Cash in euros
?? Credit cards VISA or MASTERCARD. Major
credit cards are accepted but fees can be
applied for Amex, equivalent of 3% total amount.
?? Bank transfers to Monaco Legend Group
COLLECTION OF PURCHASES
Purchases can only be collected after payment.
All lots can be collected during or after the
session upon presentation of written consent
from the Accounting Department of Monaco
Legend Group. We recommend the buyers to
take delivery of their lots after the sale.
EXPORT OF CULTURAL OBJECTS
Certificates of exportation may be required for a
category of lots and, in some cases, a custom
authorization may be requested. The French
State has the option of granting or not an
exportation certificate in the case the lot ranks
as national treasure. Monaco Legend Group
assumes no responsibility in the case the export
licence is denied. Is set out below a selection of
the categories of works of art, together with the
value thresholds above which a certificate for a
cultural object may be required so that the lot
can leave the French territory:
?? Furniture and objects, carpets, tapestries,
clocks of more than 50 years of age: 50 000€
?? Books of more than 100 years of age: 50
000€
?? Prints, engraving, original serigraphs and
lithographs and original posters of more than
50 years of age: 15 000€
?? Incunabula and manuscripts, including maps
and scores: 1500€
?? Archives of more than 50 years of age
PREEMPTION RIGHT
The French state is entitled to use preemption
right on any works of art presented at the
auction, by order of the Minister in charge of
culture after the hammer stroke. The State shall
have a period of 15 days from the date of the
sale to confirm its preemption right.
In case of confirmation, the French state shall
be subrogated in the buyer's position.
