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• Bank wire transfer in Euros,
• Euro banker’s draft,
• Euro cheque,
• Credit cards (Visa, Mastercard,
American Express, CUP),
• Cash in Euros.
Please note that:
- €40,000 is the maximum payment that
can be accepted by credit card.
- under French law, for private or
professionals payment in cash is limited
to an equal or lower amount of €1,000
per sale (but to an amount of €15,000 for
a non French resident for tax purposes
who does not operate as a professional).
It remains at the discretion of Sotheby’s
to assess the evidence of non-tax
residence as well as proof that the buyer
is not acting for professional purposes.
Cashiers and the Collection of Purchases
office are open daily 10am to 12.30pm
and 2pm to 6pm.
It is Sotheby’s policy to request any new
clients or buyers preferring to make a
cash payment to provide proof of identity
(by providing some form of government
issued identification containing a
photograph, such as a passport, identity
card or driver’s licence) and confirmation
of permanent address. Thank you for
your co-operation.
Cheques and drafts should be made
payable to Sotheby’s.Although personal
and company cheques drawn up in Euro
on French bank as by a foreign bank are
accepted, you are advised that property
will not be released before the final
collection of the cheque, collection that
can take several days, or even several
weeks as for foreign cheque (credit after
collection). On the other hand, the lot will
be issued immediately if you have a pre-
arranged Cheque Acceptance Facility.
Bank transfers: our bank account details
are shown on our Buyer’s Invoices.
Please include your name, Sotheby’s
account number and invoice number
with your instructions to your bank.
No administrative fee is charged for
payment by Mastercard and Visa.
We reserve the right to seek identification
of the source of funds received.
H. SHIPPING, EXPORT OF PROPERTY
AND RELATED MATTERS
If you are a successful Buyer of a Lot,
Sotheby’s will also email you a Buyer’s
Shipping Quote in respect of the Buyer’s
Shipping Costs payable by the Buyer
in consideration of Sotheby’s delivery
services for the purchased Lot at which
point Sotheby’s will ask you to confirm
your delivery address. In the event that
you are eligible for aVATrebate based
on your confirmed delivery address,
Sotheby’smay reissue the Buyer’s Invoice.
Provided that the Buyer’s Invoice has
been settled in full by the payment
date stated in the Buyer’s Invoice and
the Buyer’s Shipping Quote has been
settled in full by the payment date
stated in the Buyer’s Shipping Quote,
thereof irrespective of their substrate
and/or number;
(5) Motion pictures and audio-visual
works;
(6) Original sculptures or statuary or
copies obtained by the same process
and castings which were produced under
the artists or legal descendants’control
and limited in number to less than eight
copies, plus four numbered copies by
the artists;
(7) Contemporary works of art not
included in categories 3) to 6);
(8) Furniture and decorative works of art;
(9) Incunabula and manuscripts, books
and other printed documents;
(10) Collections and specimens from
zoological, botanical, mineralogy,
anatomy collections ; collections
and objects presenting a historical,
paleontological, ethnographic or
numismatic interest;
(11) Means of transport;
(12) Any other antique objects not
included in categories 1) to 11).
G. HOWTO PAY FOR YOUR LOT
If you are a successful Buyer of a Lot,
Sotheby’s will email you the Buyer’s
Invoice for the total amount due by you
(together with payment instructions)
as soon as reasonably practicable after
the final Lot in the relevant Online Only
Auction closes.
Payment from the invoiced party is
due in full by the payment date stated
in the Buyer’s Invoice. Please note
that we reserve the right to decline
payments received from anyone
other than the buyer of record and
that clearance of such payments will
be required. Please contact our Post
Sale Services Department if you have
any questions concerning clearance
(frpostsaleservices@sothebys.comand
+33 1 53 05 53 67).
A Buyer’s Premium
is payable by the
successful Bidder on a Lot in an Online
Only Auction. It will be added to the
Hammer Price.The Buyer’s Premium is:
- 25 % of the Hammer Price up to and
including EUR 250,000,
- 0 % of any amount in excess of EUR
250,000 up to and including EUR
2,500,000, and
- 13.9 % of any amount in excess of EUR
2,500,000,
plus any applicable VAT or amount in lieu
of VAT at the applicable rate.
If you are a successful Buyer of a Lot,
you will also be required to pay where
applicable: Sales and/or Value Added
Tax, import tax, customs duty, and any
local clearance fees applicable for your
country e.g. US Merchandise Processing
Fee,Artist’s Resale Right, Buyer’s
Shipping Costs (which include the
transit insurance fee). Please refer to the
Conditions of Business for Buyers (Online
Only) for more information.
Payment may be made by the following
methods:
unless it is the leading bid. If the status
of your bid changes, you will receive
notifications via email and push (if you
have the Sotheby’s App installed).
In cases where two equivalent maximum
bids are submitted, the first bid received
will take priority.
D. MONITORING AND INCREASING
YOUR BIDS
If you are outbid at any time you will
receive an email notification informing
you accordingly and providing a link to
follow to increase your bid.We encourage
you to monitor the bids on Lots
throughout the duration of the Online
Only Auction to ensure your status as the
highest bidder up until the close of the
Online Only Auction. Upon the closing of
each Lot, you will receive another email
and push notification indicating whether
you have won or lost each Lot on which
you have placed a bid.Your updated bid
is submitted by pressing ‘Continue to
ConfirmBid’.
If you are using the Sotheby’s mobile
application then the ‘Quick Bid’option
can also be used to submit a bid by either
(i) swiping the ‘Quick Bid’button all the
way to the right of the screen; or (ii)
pressing the ‘Quick Bid’Button and then
pressing the ‘Place Bid’Button.
E. CLOSING THE ONLINE ONLY
AUCTION
An end time is displayed for each Lot at
Lot level on the Online Only Platform. Lots
will close at the time stated at Lot level
on the Online Only Platform unless a
bid is placed within 5 minutes of a Lot’s
scheduled end time. If this occurs,
Sotheby’s will extend the sale of that Lot
by 5 minutes from the time of the last
bid.The extension of any Lot’s closing
time does not affect the closing time of
the following Lots.This may result in Lots
closing out of numerical order.
F. PRE-EMPTION RIGHT
The French State retains a pre-emption
right on certain works of art and archives,
whichmay be exercised at the end of
the Online OnlyAuction andmust be
confirmed within four (4) hours from the
notification of the required information
by Sotheby’s (closing date and hour,
description of the sold Lots,Hammer
Price achieved for sold Lots) which shall be
made at the closing date of the Online Only
Auction. In case of confirmation within
such time period,the French State shall be
subrogated to the Buyer’s position.
The following categories of goods may
be subject to the French State’s pre-
emption right:
(1) Archaeological objects more than
100 years old found during searches of
archaeological sites on land or under
water, or stemming from archaeological
collections;
(2) Decorative features stemming from
building’s dismantling;
(3)Paintings,watercolours,gouachesand
pastels,drawings,collages,etchings,posters
andtheirrespectivematrixes/moulds;
(4) Photographs, films and negatives
The Online Sale Information includes a
shipping costs calculator which has been
developed by Sotheby’s to enable you
to estimate the amount it will cost you
to have the Lot shipped to your delivery
address (inclusive of VAT, associated
packing and transit insurance costs) in
the event that you are the successful
Bidder so that you are able to account
for this cost in your assessment of
the appropriate amount to bid for a
Lot. Please also note that the transit
insurance price quoted by the shipping
costs calculator shall not include the
impact of any applicable ARR on the total
purchase price payable in respect of a
Lot by the Buyer. Please also note that
the shipping cost which is generated by
the shipping costs calculator may differ
to the actual amount of the Buyer’s
Shipping Costs which is quoted to you in
the Buyer’s Shipping Quote (which shall
include the amount of any applicable
ARR payable in relation to the Lot).
Sotheby’s is always happy to discuss any
Lot in which you are interested. Further
information requests can be submitted
via the ‘Request Info’button which
appears at Lot level on the Online Only
Platform.
C. SUBMISSION OF A BID FOR A LOT
IN AN ONLINE ONLYAUCTION
An Online Only Auction can be fast
moving. Competitive bidding can often
escalate very quickly. Once you have
set up a Verified Account, you will be
able to submit a bid for a Lot by entering
your maximum bid and clicking the
‘Place Bid’button which appears at Lot
level on the Online Only Platform. If you
haven’t already registered as a Verified
Accountholder, you will be prompted to
do so at that point.You will then be asked
to review and confirm your maximum bid
(being the highest price you are willing to
pay on the Lot) by pressing ‘Continue to
ConfirmBid’which appears at Lot level
on the Online Only Platform and in doing
so your bid is submitted.You accept and
agree that a bid which is submitted using
the ‘Continue to ConfirmBid’button and
increased bids are submitted as set out
in section 4 below.
Bids can be submitted through the Online
Only Platform from the start of the Online
Only Auction until the Lot closes.
You may bid at or above the starting bid
displayed on the Online Only Platform.
You may also input a maximum bid
which, upon confirmation, will be
executed automatically up to this
predefined maximum value in response
to other bids, including bids placed by
Sotheby’s on behalf of the Seller, up to
the amount of the Reserve (if applicable).
Bids placed by Sotheby’s on behalf of the
Seller, up to the amount of the Reserve,
will be counted toward the total bid count
displayed on the Online Only Platform.
Sotheby’s uses pre-determined bidding
increments. Please refer to the bidding
increments link which appears at Lot
level on the Online Only Platform.
The current leading bid will be visible to
all Bidders; the value and status of your
maximum bid will be visible only to you,
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