Modern and post-war art, contemporary art & design

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:

- 23,21 % (VAT inc.) (for the books).

- 26,40 % (VAT inc.).

- 1,8 % (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.

* Object made wholly or in part of pernambuco wood (Paubrasilia echinata), pre-convention, listed in Annexes II of CITES and B of the European Community Regulation 338/97 of 09/12/1996 mc. For any export, it is the responsibility of the successful bidder to obtain information - prior to any purchase of this lot containing coral - with the customs authorities

of the country concerned, particularly if it is the United States.

** The object described, containing elephant ivory (Elephantidae spp I/A), predates 3 March 1947, within the meaning of EC Regulation 338/97 of 09/12/1996 determining ‘worked specimens acquired more than fifty years previously’, may be marketed after obtaining a CIC (K) prior to any sale, in accordance with EU Commission Regulation 2021/2280 of 16/12/2021 which came into force on 19 January 2022.

The CIC will be given to the successful bidder with the item. By taking part in the sale, the bidder acknowledges that he is familiar with the applicable regulations.

In principle, this lot may not be taken out of the European Union. As soon as the lot has been sold, the buyer is solely responsible for taking all steps required by the particular nature of the lot. It is the buyer’s responsibility to obtain any export or import licence and/or certificate, as well as any other documentation required. The successful bidder expressly acknowledges that he/she is personally responsible for all formalities relating to the possession and circulation of such an object.

In particular, it is the buyer’s responsibility to take any steps required for the resale or export of the item, and in particular to apply for any reexport permit that may be required, at the buyer’s expense and risk. The issue of such a document is not automatic. In the event of re-exportation, it is the responsibility of the successful bidder to obtain information - prior to any purchase - from the competent authorities of the country of destination regarding import conditions.

The successful bidder undertakes to show proof of identity and provide his contact details prior to the delivery of the lot. The impossibility of exporting or importing the lot does not justify a delay in payment of the amount due or the cancellation of the sale.

OBLIGATION: In order for the lot to be delivered, the successful bidder must show proof of identity and provide his contact details.

*** Coral (Corallium spp) (Corallidae spp) (NR). Specimen not included in the Washington Convention (CITES), nor in EC Regulation 338/97 of 09/12/1996, nor in the French Environment

Code. For any export, it is the responsibility of the successful bidder to obtain information - prior to any purchase of this lot containing coral - with the customs authorities of the country concerned, particularly if it is the United States.

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 incase 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 reoffered 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 shipping office of Drouot (livraison@drouot.com.)

. Payment for the transport must be made directly to the shipper.

No purchase will be delivered without 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 / € 10 /€ 15 / € 20 / € 25, depending on the nature of the lot.

Storage and insurance fees / lot incl. VAT :

- Free, the first 4 working days.

- € 1 / € 5 / € 10 / € 20 / day, from the 5th working day, depending on the nature of the lot.

Drouot Magasinage :

6 bis, rue Rossini – 75009 Paris - 3rd basement

From Monday to Saturday, 9am-10am and

1.30pm-6pm Warning : lots shall be released

upon reception 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 at https://drouot.com/

magasinage