Sales conditions
Purchasers will pay in addition to the hammer price, a buyer’s premium of 24% (VAT included).
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, and after notice to pay has been sent to the buyer without answer, the lot is re-offered for sale at the seller’s request, under the French procedure known as “procédure de folle enchère”.
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 money has 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 execute payment by bank transfer issued 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 Drouot Transport (01 48 00 22 49, drouot-transport@drouot.com). Payment for the transport must 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.
Any lot bought from Drouot Estimations and not collected on the day of the sale, will be sent and stored at Drouot Warehouse with daily storage fees applying (contact : 01 48 00 20 18 - magasinage@drouot.com).
DROUOT STORAGE
Benefit from Drouot Art storage facility.
At the end of the auction, lots can be collected for free in the room until 7pm and the day after between 8am and 10am.
Beyond that time, goods that were not handled by the Auction House are stored in DROUOT MAGASINAGE, at the following rates*:
Administrative fees / lot incl. VAT : € 5
Storage and insurance fees / lot incl. VAT :
- € 1 / day, the first 4 working days
- € 1 / € 5 / € 10 / € 20 / day, from the 5th working day, depending on the nature of the lot
Storage fees are offered for lots shipped by DROUOT TRANSPORT !*
DROUOT Magasinage :
6 bis, rue Rossini – 75009 Paris - 3rd basement
From Monday to Saturday, 9am-10am and 1pm-6pm
Warning : lots shall be released upon production of the paid invoice and/or the lot’s label.
Contact :
+33 (0)1 48 00 20 18 I 56 I
magasinage@drouot.com
*More information on www.drouot.com/magasinage
NOTICE
Drouot Estimations applies the technical regulations according to the law, through the decree n°2002-65 from January 14th 2002.
- Drouot Estimations indicates altered stones by « traditional stone method » the same way than the ones that haven’t been altered (Art. 3).
- 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 taking into account the modifications of a).
Concerning the watches: restorations, modifications, technical features, series numbers, dimensions, weights are notified insofar as we are able.
These elements are given on an indicative basis only in order 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.
