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The auction house Hôtel des Ventes de Mont-Carlo acts as
agent for the seller. It is not a party to the contract of sale that
binds the buyer and seller.
The following terms and conditions of sale, as well as every-
thing related to the sale, are governed by Monegasque law. All
legal actions are within the jurisdiction of the Courts of the Prin-
cipality of Monaco.
The sale takes place for payment in full and the currency is the
Euro (
€
).
GUARANTEES
The descriptions in the catalogue are established by the Hôtel
des Ventes de Mont-Carlo if no expert appraiser has assisted,
and exclusively by the expert appraiser who assists as required.
If necessary, corrections of the description or estimate can be
made upon presentation of the object, which shall be pointed
to potential purchasers and noted in the record of the sale. In
the framework of assistance by an expert appraiser, said latter
assumes full responsibility for initial descriptions or modifica-
tions made to the report.The liability of the Hôtel desVentes de
Mont-Carlo cannot be engaged in the event of dispute regar-
ding the authenticity or condition of an item, since the Hôtel
des Ventes de Mont-Carlo is bound by an obligation of means.
As concerns the condition of the lots offered, note that the lack
of reference to the condition in the description given in the
catalogue does not imply that the item is free from defects, and
certain restorations that do not change its nature and period
cannot be a cause of dispute. The item, in the absence of any
mention, is considered sold in the state in which it is found.
Experts are available to customers of the Hôtel des Ventes de
Mont-Carlo prior to each sale to answer any questions concer-
ning such matters.
No claim shall be accepted once the hammer falls as a prior
exhibition of the items enables potential buyers to form their
own judgment of the condition of the objects.
FURNITURE, PAINTINGS AND ART OBJECTS
Furniture, paintings and art objects are sold in the state in
which they are found.
The restoration or replacement of elements on furniture or an
object that do not change the nature and authenticity of the
furniture or object are considered usual upkeep.
Re-backing, doubling, and parquetry on a painting are protec-
tive measures and do not constitute defects if they are not
reported.
Dimensions are provided for reference only.
JEWELLERY ANDWATCHES
COLOURED STONES AND PEARLS
A number of precious stones have been professionally treated
for their embellishment (heat treatment and oiling for the
gems, whitening of pearls). These operations are traditionally
accepted by international jewellery traders.
For certain pieces of jewellery and with the clientseller’s agree-
ment, the Hôtel des Ventes de Mont-Carlo may obtain reports
from gemological laboratories of international repute, which, if
requested, may indicate the presence or absence of any heat
treatment.
For large gemstones and pearls, the Hôtel des Ventes will pro-
vide its clients with certificates established by internationally
renowned laboratories prior to their sale. If the buyer wishes to
have a different certificate from a laboratory of their choice,
they must request it between 30 and 10 days prior to the sale.
No claims regarding the certificates provided can be accepted
after the sale.
ANIMAL MATERIALS
Coral, ivory, tortoiseshell and all materials from endangered
species can be sold in a public auction as long as they are an
integral part of antique jewellery.
BURMESE STONES
Jewellery studded with Burmese rubies or jadeite cannot be
exported to the United States. However if they are accompa-
nied by a certificate or an invoice, dated prior to October 2007,
they may enter the American territory. Burmese rubies and
jadeite can move freely in the European community.
WATCHES
All lots are sold in the state in which they are found.
No claims may be brought against the Hôtel des Ventes de
Mont-Carlo and its expert based on the presence of an old
repair, on the initial sealing, or its functioning. The potential
buyer may request a condition report from the expert before
the sale.
EXECUTION OF THE SALE AND AUCTION
All potential buyers must identify themselves beforehand using
a registration form made available at the entrance to the room
by the staff of the Hôtel des Ventes de Monte-Carlo. She/he
must provide a valid piece of identity and, if requested, proof of
their bank details. A card bearing a number corresponding to
the registration will be delivered to a buyer who will restore it
when leaving the room. It is personal and allows the individual
to bid during the sale.
The auction follows the numerical sequence of the catalogue,
unless said order is modified at the discretion of the Hôtel des
Ventes de Monte-Carlo.
The information collected on the registration forms is manda-
tory in order to take part in the sale and for managing the auc-
tion. You can have access to your datas to be corrected, can-
celled, to ask for a limited treatment of your datas, to ask for
your datas to be transmitted to a structured format or to
oppose, for a legitimate reason to their further use, by addres-
sing a formal letter accompanied by a copy of your ID to the
Hôtel des Ventes de Monte Carlo either by email or letter.
The successful bidder is the highest and last bidder.
In the case of a challenge at the time of award, especially in the
case where several bidders claim to have made the same bid
simultaneously, and the event is clearly established, although
the word «Sold» was pronounced, the object is immediately put
back on auction starting at the last amount obtained and those
present shall be allowed to bid again.
References concerning the identity entered on the bid sum-
mary shall be identical to those made in the registration form.
No changes of identity can be made without approval of the
Hôtel des Ventes de Mont-Carlo managers.
Once the hammer falls, the buyer is responsible for the integrity
of the object acquired, as well as its insurance.
TELEPHONE BIDS
All potential buyers identified by the Hôtel desVentes de Mont-
Carlo may bid by telephone during the sale.
In order to be admissible, requests for telephone lines must be
made in writing, accompanied by a valid piece of identity and a
RIB (bank account information certificate).The Hôtel desVentes
de Mont-Carlo will contact the bidder by telephone during the
auction; however, it declines all liability for any error or omission
in connection with said service.
RESERVE PRICE AND ESTIMATES
An estimate, which does not include costs borne by the purcha-
ser or possible VAT in case of temporary importation, is given in
front of each lot in the catalogue. Unless otherwise noted, all
lots are offered with a reserve price established by contract with
the seller under which the item cannot be awarded. In the
absence of a reserve price fixed with the seller, no objection
may be made by said latter in the event that the object would
be awarded under the estimate range.
PRE-EMPTION
The Monegasque State may exercise an option to purchase
works of art offered for sale in the Principality of Monaco. The
state replaces the last bidder.The pre-emption decision is made
known to the bailiff immediately after the hammer falls. Said
pre-emptive right must be confirmed within two weeks. In the
absence of confirmation within said period, the object shall
return to the last bidder.
Article 2-1 of Law No. 1014 of 29/12/1978 relative to the auction
of furniture.
IMPORTS
Deposits preceded by this symbol are temporary imports
from a non EU country. Their allocated price will be subject to
VAT at 5.5 % ( ) or 20% ( ) in addition to legal costs. The VAT is
recoverable in the event of re export outside the EU within one
month on presentation of a customs document as evidence of
reexport. No tax-exclusive sales document will be drawn up wi-
thout offical proof of export, as the intra-Communitarian VAT
number does not constitute adequate proof.
EXPORTS
It is for the buyer to check prior the auction if the item is sub-
mitted to custom formalities for export.
CERTIFICATE OF CULTURAL OBJECT
If the item is subjected to obtain a Certificate of Cultural Object
by the Ministère de la Culture, it is of the responsibility of the
successful bidder to ask for it. Neither the approval, denial of
approval, or approval application time may be invoked as
grounds for change in payment deadline or cancellation of sale.
If no certificate of cultural object has been issued yet, the Hôtel
desVentes de Monte-Carlo can handle the request to the Direc-
tion des Musées de France, at the buyer’s expenses.
EXPORT PERMIT FOR CULTURAL PROPERTY
For the exports of a Cultural Property outside the European
Community, it is up to the successful bidder to apply for a
Licence.
The buyer can contact one of the shippers we recommend to
handle these formalities and hold shipment.
Customs formalities are required for sending works of art to
countries outside of the European Union.
The buyer must check the rules in force in the destination
country before making a purchase.
There are no customs formalities for works of art to be delivered
in France or other countries of the European Union. Outside of
the European Union, customs rules will be those in force in the
country of destination of the work.
FEES
In addition to the hammer price, the buyer must pay a fee of
25% HT excluding VAT up to
€
500 000, 23% excluding VAT on
amounts from
€
500 001 to
€
2 000 000 and 20% HT excluding
VAT on amounts above
€
2 000 001.
PAYMENT
The sale is strictly carried out for payment in full.
The buyer must pay within three days the purchase price, which
includes the amount of the hammer price, fees, and taxes, if
any:
- By certified bank check in Euro,
- By bank transfer in Euro,
- By Visa or MasterCard with proof of identity,
- In case of payment by American Express, a fee of 2.75% will be
added.
- In cash in Euro up to an amount less than 30,000
€
.
Cheques drawn on foreign banks will be accepted at the sole
discretion of the managers of the Hôtel des Ventes de Monte-
Carlo. If the acquisition is not paid in full, the item cannot be
handed over to the buyer.
The buyer’s failure regarding payment shall not incur the res-
ponsibility of the Hôtel des Ventes de Monte-Carlo, and conse-
quently, releases it from the obligation to pay the seller.
In the event of failure to pay the amount due, the buyer will be
charged an additional fee of 5% of the final bidding price to
cover collection fees, amouting not less than 200
€
. This shall
not preclude the allocation of damages or compensation.
In the absence of payment by the buyer, after formal notice has
remained without answer, and after a month has passed since
the bid was accepted by fall of the hammer.
The Hotel des Ventes de Monte Carlo is a member of the
Registre Central de Prévention des Impayés des Commis-
saires-Priseurs to which unpaid items can be registered. The
right of access, modification and opposition for a legitimate
reason are to be exerced by the debitor to the SYMEV, 15 rue
Freycinet 75016 Paris.
COLLECTION OF PROPERTY
No lot may be collected or delivered until the related invoice
has been paid in full.
Sold lots remain entirely the responsibility of the successful bid-
der, even if not yet delivered right after the auction. It is for the
buyer to insure his purchases and to collect the items at the
Hôtel desVentes de Monte-Carlo or one of his storages within 8
days.
Beyond this time, storage fees will be charged:
- 60
€
for handling
- 30
€
per lot per week, non-divisible.
Shipment of purchases :
The purchases can be shipped, as a service, only upon express
written request, along with a liability release letter, and shall be
at the buyer’s expenses.
The Hôtel des Ventes de Monte-Carlo denies all responsibility
for lot transport.
RIB HVMC
Code Banque
12739
Code Guichet
00070
Numéro de Compte
05567300000
Clé RIB
71
Domiciliation
CFM ALBERT 1ER
CFMOMCMXXXX
IBAN
(International Bank Account Number)
MC58 1273 9000 7005 5673 0000 071
TERMES AND CONDITIONS OF SALE