Picasso, Pablo - Lot 5

Contact for the sale :

Nicolas COUVRAND - 01 48 01 91 02 - ncouvrand@drouot.com.

The lots are accessible and visible at the office at 7 rue Drouot, 75009 Paris, by appointment.

Sales conditions

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

-      21,10% VAT inc. (for the books).

-      24% VAT inc.

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.

* 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.

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

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 will have to be made directly to The Packengers (hello@thepackengers.com) . Payment for the transport must be made directly to The Packengers.

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.