IMPORTANT JEWELRY & WATCHES

IMPORTANT JEWELRY & WATCHES

Public exhibitions:

Wednesday, June 21, 11 am to 6 pm.

Thursday June 22 from 11am to 8pm.

Friday June 23 from 11am to 12pm.

Telephone during the exhibition: 01 48 00 20 02

Contact:

Marion MARTINOT - Tél : 01 48 01 91 03 - mmartinot@drouot.com

Auctioneer

Purchase orders - telephone auctions:

Clémence Claude - Tel : 01 48 01 91 08 - bids@drouot.com

Auctioneers authorized to conduct sales:

Philippe ANCELIN, Christine BENOIST-LACAS, Nicolas COUVRAND, Marion MARTINOT-DORÉ

Sales conditions

Any bidder acknowledges having read these general conditions below and

expressly accepting them.

They must identify themselves to Drouot Estimations prior to the sale in order

to be able to bid by telephone during the very sale. Requests for telephone bids

must be put in writing and accompanied by a valid identity document as well

as bank account details. Drouot Estimations will try to contact the bidder by

telephone during the sale but declines all responsibility if an error or omission

occurred in the course of this free service.

It is the buyer’s responsibility to check prior to his purchase whether the property

is subject to customs formalities for export or import to the chosen destination.

A refusal or a delay of an authorization necessary for the export or the import

could not justify a delay of payment of the total sale price including commission,

expenses, rights and applicable taxes, nor any cancellation or sale resolution by

the successful bidder.

If a certificate of free circulation has been issued or if an application is in

progress, this will be specified when the lot is presented for auction.

No tax-free invoice can be established without official proof of export.

Purchasers will pay in addition to the hammer price, a buyer’s premium of:

- 25% (VAT inc.).

- 1,2% (VAT inc.) DrouotLive.

In accordance with the law, DROUOT ESTIMATIONS is responsible for the

contents stated in the catalogue, subject to amendments announced by the

auctioneer during the sale when presenting the lot.

The dimensions are given on an indicative basis.

No complaint related to restorations, small accidents, and condition will be

accepted as the public exhibition allows a proper examination by the buyer.

Indications about the condition are available upon request to the auctioneer in

charge of the sale.

Absentee and phone bids

Auctioneers and experts execute, free of charge, absentee and phone bids, for

those who cannot attend the sale.

Anyone wishing to set up a phone bid will need to send a request by email,

attaching a copy of his ID and bank details, at the latest the day before the sale.

Experience reveals that communications are not always possible due to

technical problem or lack of reception, therefore a phone bid request assumes

that THE BUYER AGREES TO BID TO THE LOW ESTIMATE PLUS ONE MORE

BID in case the connection is lost for any reason.

Drouot Estimations cannot be responsible for failing to execute a bid.

To request an absentee or phone bid : bids@drouot.com

Payment

Any purchase will need to be paid during or right after the sale.

Should the buyer fail to pay the amount due by cash, cheque or credit card, the

lot may be re-offered for sale, under the French procedure known as “procedure

de folle enchère”, immediately or at the first opportunity with payment of the

difference by the first bidder, proceedings of the payment at the expense of the

bidder, cancellation of the sale without any fees.

Payment can be made in the following ways:

- By credit card in the saleroom: Visa or Mastercard

- By certified cheque or crossed cheque in euros, upon presentation of a valid

passport. In case of payment by non-certified cheque, the collection of purchase

may be postponed until the money has been received.

Collections will be postponed for any payment by cheque above € 1,000 until the

funds have been credited to our account.

- By bank transfer in euros:

BNP PARIBAS

PARIS LA CENTRALE

(00828)

IBAN : FR76 3000 4008 2800 0106 2854 076

Any buyer who wants to make a payment by bank transfer from a foreign

account must take in account additional fees from his bank remaining at his

own charge.

- In cash (decret of June 24, 2015) : up to € 1,000 (inc. premium) for French

citizens or professionals and up to € 15,000 (inc. premium) for foreign citizens

upon presentation of valid passport and evidence of residence abroad.

Collection and storage

For this sale, lots will be stored free of charge at Drouot Estimations during 15

days following the sale, after that

charges will apply.

Collection must be made at Drouot Estimations, 7 rue Drouot, 75009 Paris,

Monday to Friday 10am-1pm & 2-5pm.

Drouot Estimations will not send any sold item by mail and purchasers will need

to organize their own way of shipping.

If the buyer has no carrier, any request for shipping can be made directly to

Drouot Transport (01 48 00 22 49,

drouot-transport@drouot.com). Payment for the transport will need to be made

directly to Drouot Transport.

No purchase will be delivered without reception of full payment.

Bought lots remain entirely under the buyer’s responsibility as soon as the sale

has happened.

Notice

Drouot Estimations applies the technical regulations per the law, through the

decree n°2002-65 from January 14th 2002.

a) Drouot Estimations indicates altered stones by « traditional stone method »

the same way than the ones that haven’t been altered (Art. 3).

b) Drouot Estimations refers altered stones of a different way, by the name of

the stone, followed by the mention “treated” or by the indication of applied

treatment (Art. 2).

Stones that are not presented with a certificate or a laboratory report have been

estimated by Drouot Estimations considering the modifications of a).

Concerning the watches: restorations, modifications, technical features, serial

numbers, dimensions, weights are notified in so far as we are able.

These elements are given on an indicative basis only to make the inspection

easier for the potential buyer,and remain subject to his personal assessment.

The auctioneer’s and expert’s responsibilities cannot be questioned in case of

potential omissions despite the taken precautions.

Missing indications does not imply that a watch can be faultless.

No guarantee can be made on the conditions of watches and bracelets.

Revisions, adjustments, and waterproofness remain at the buyer’s charge.

The gold, platinum and silver mentions without additional information describe

the lots as per 750 thousandth for gold, 950 thousandth for platinum and 925

thousandth for silver.

* Objects presented containing less than 20% Elephantidae spp (I/A) ivory or

rhinocerotidae spp (I/A) horn, (I/A) processed, pre-Convention, prior to 2 March

1947 and therefore in accordance with EC Rule 338/97 of 09/12/1996 art.2-Wmc,

the French Orders of 16 August 2016 amended and 4 May 2017, are for sale freely.

For an exit from the European Union, a CITES re-export certificate will be

required, which is the responsibility of the future buyer. The issuance of such a

document is not automatic.

For a possible re-export, it will be up to the successful tenderer to obtain

information - prior to any purchase - from the customs authorities of the country

concerned, particularly in the case of the United States.

**On the other hand, objects presented containing more than 20% Elephantidae

spp (I/A) ivory or rhinocerotidae spp (I/A) horn, (I/A) processed, pre-Convention,

prior to 2 March 1947 and therefore in accordance with EC Regulation 338/97

of 09/12/1996 art.2-Wmc, and prior to 1 July 1975 and therefore in accordance

with the French decrees of 16 August 2016 amended and 4 May 2017, may be

marketed after declaration and obtaining a D permit.

To this end, the person awarded for having bid by any means whatsoever for

a lot containing more than 20% elephant ivory (elephantidae spp.) or rhino

horn (rhinocerotidae spp.), and manufactured before 3 March 1947, authorises

Drouot Estimations to make the necessary purchase declaration on his behalf to

the competent administration in accordance with Article 2bis of the amended

decree of 16 August 2016.

The successful tenderer, required to make a declaration, undertakes to provide

Drouot Estimations without delay with all the information necessary for this

purpose and to do all the due diligence that would be required of him by Drouot

Estimations to do so.

The successful tenderer alone shall be required to carry out all other

due diligence resulting from the particular nature of such a lot under his

responsibility. In particular, it is up to him to take the steps required by his

possible resale or export.

For an exit from the European Union, a CITES re-export certificate will be

required, which is the responsibility of the future buyer. The issuance of such a

document is not automatic.

For a possible re-export, it will be up to the successful tenderer to obtain

information - prior to any purchase - from the customs authorities of the country

concerned, particularly in the case of the United States.

OBLIGATION: For the delivery of the lot, the successful tenderer must present

his identity document and provide his contact details.

*** Coral specimen complying with the Regulations CE 338-97 art. 2.w.mc of

December 9th 1996. Prior to June 1, 1947.

Prospective purchasers of or incorporating endangered and other protected

species of wildlife such as, ivory, and certain species of coral, are advised that

several countries require a permit (e.g., a CITES permit) from the relevant

regulatory agencies in the countries of exportation as well as importation.

Accordingly, clients should familiarize themselves with the relevant customs laws

and regulations prior to bidding on any property with wildlife material if they

intend to import the property into another country, specicially if it is the United

States of America.

° Pre-Convention Chelonioidea spp (I/A) sea turtle shell specimen, prior to July

1, 1947 and therefore in accordance with EC Regulation 338/97 of 09/12/1996

art.2-Wmc.