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 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, series numbers, dimensions, weights are
notified insofar 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.
