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ARTCURIAL

Artcurial SAS is an operator of voluntary

auction sales regulated by the law articles

L321-4 and following of the Code de Commerce.

In such capacity Artcurial SAS acts as the

agent of the seller who contracts with the

buyer. The relationships between Artcurial

SAS and the buyer are subject to the present

general conditions of purchase which can be

modified by saleroom notices or oral indica-

tions before the sale, which will be recorded

in the official sale record.

1. GOODS FOR AUCTION

a)

The prospective buyers are invited

to examine any goods in which they may be

interested, before the auction takes place,

and notably during the exhibitions.

Artcurial SAS is at disposal of the prospec-

tive buyers to provide them with reports

about the conditions of lots.

b)

Description of the lots resulting from

the catalogue, the reports, the labels and

the verbal statements or announcements are

only the expression by Artcurial SAS of their

perception of the lot, but cannot constitute

the proof of a fact.

c)

The statements by made Artcurial SAS

about any restoration, mishap or harm arisen

concerning the lot are only made to facilitate

the inspection thereof by the prospective

buyer and remain subject to his own or to his

expert’s appreciation. The absence of state-

ments Artcurial SAS by relating to a resto-

ration, mishap or harm, whether made in the

catalogue, condition reports, on labels or

orally, does not imply that the item is exempt

from any current, past or repaired defect.

Inversely, the indication of any defect what-

soever does not imply the absence of any other

defects.

d)

Estimates are provided for guidance only

and cannot be considered as implying

the certainty that the item will be sold for

the estimated price or even within the bracket

of estimates.

Estimates cannot constitute any warranty

assurance whatsoever.

The estimations can be provided in several

currencies; the conversions may, in this case

or, be rounded off differently than the legal

rounding

2. THE SALE

a)

In order to assure the proper organi-

sation of the sales, prospective buyers are

invited to make themselves known to Artcurial

SAS before the sale, so as to have their per-

sonal identity data recorded.

Artcurial SAS reserves the right to ask any

prospective buyer to justify his identity as

well as his bank references and to request a

deposit.

Artcurial SAS reserves the right to refuse

admission to the auction sales premises to any

prospective buyer for legitimate reasons.

b)

Any person who is a bidder undertakes

to pay personally and immediately the hammer

price increased by the costs to be born by the

buyer and any and all taxes or fees/expenses

which could be due. Any bidder is deemed

acting on his own behalf except when prior

notification, accepted by Artcurial SAS,

is given that he acts as an agent on behalf

of a third party.

c)

The usual way to bid consists in atten-

ding the sale on the premises. However, Artcu-

rial SAS may graciously accept to receive some

bids by telephone from a prospective buyer who

has expressed such a request before the sale.

Artcurial SAS will bear no liability /

responsability whatsoever, notably if the

telephone contact is not made, or if it is

made too late, or in case of mistakes or

omissions relating to the reception of the

telephone. For variety of purposes, Artcu-

rial SAS reserves its right to record all the

telephone communications during the auction.

Such records shall be kept until the complete

payment of the auction price, except claims.

d)

Artcurial SAS may accept to execute

orders to bid which will have been submitted

before the sale and by Artcurial SAS which

have been deemed acceptable. Artcurial SAS is

entitled to request a deposit which will be

refunded within 48hours after the sale if the

lot id not sold to this buyer.

Should Artcurial SAS receive several instruc-

tions to bid for the same amounts, it is the

instruction to bid first received which will

be given preference.

Artcurial SAS will bear no liability/res-

ponsibility in case of mistakes or omission

of performance of the written order.

e)

In the event where a reserve price has

been stipulated by the seller, Artcurial SAS

reserves the right to bid on behalf of the

seller until the reserve price is reached.

The seller will not be admitted to bid himself

directly or through an agent. The reserve

price may not be higher than the low estimate

for the lot printed in or publicly modified

before the sale.

f)

Artcurial SAS will conduct auction sales

at their discretion, ensuring freedom auction

and equality among all bidders, in accordance

with established practices.

Artcurial SAS reserves the right to refuse any

bid, to organise the bidding in such manner as

may be the most appropriate, to move some lots

in the course of the sale, to withdraw any lot

in the course of the sale, to combine or to

divide some lots in the course of the sale.

In case of challenge or dispute, Artcurial SAS

reserves the right to designate the success-

ful bidder, to continue the bidding or to can-

cel it, or to put the lot back up for bidding.

g)

Subject to the decision of the person

conducting the bidding for Artcurial SAS,

the successful bidder will be the bidder

would will have made the highest bid provided

the final bid is equal to or higher than the

reserve price if such a reserve price has been

stipulated.

The hammer stroke will mark the acceptance

of the highest bid and the pronouncing of the

word “adjugé” or any equivalent will amount

to the conclusion of the purchase contract

between the seller and the last bidder taken

in consideration.

No lot will be delivered to the buyer until

full payment has been

made.In

case of payment

by an ordinary draft/check, payment will be

deemed made only when the check will have been

cashed.

h)

So as to facilitate the price calcu-

lation for prospective buyers, a currency

converter may be operated by Artcurial SAS as

guidance. Nevertheless, the bidding cannot

be made in foreign currency and Artcurial SAS

will not be liable for errors of conversion.

3 . THE PERFORMANCE

OF THE SALE

a)

In addition of the lot’s hammer price,

the buyer must pay the different stages of

following costs and fees/taxes:

1) Lots from the EU:

• From 1 to 150 000 euros: 25 % + current VAT.

• From 150 001 to 1 200 000 euros: 20 % +

current VAT.

• Over 1 200 001 euros: 12 % + current VAT.

2) Lots from outside the EU: (identified by

an

m

).In addition to the commissions and taxes

indicated above, an additional import fees

will be charged (5,5% of the hammer price, 20%

for jewelry and watches, motorcars, wines and

spirits and multiples).

3) VAT on commissions and import fees can

be retroceded to the purchaser on presenta-

tion of written proof of exportation outside

the EU.

An EU purchaser who will submit his intra-

community VAT number and a proof of shipment

of his purchase to his EU country home address

will be refunded of VAT on buyer’s premium.

The payment of the lot will be made cash,

for the whole of the price, costs and taxes,

even when an export licence is required.

The purchaser will be authorized to pay

by the following means:

- In cash: up to 1 000 euros, costs and taxes

included, for French citizens and people

acting on behalf of a company, up to 15 000

euros,

costs and taxes included, for foreign

citizens

on presentation of their identity papers;

- By cheque drawn on a French bank on presen-

tation of identity papers and for any company,

a KBis dated less than 3 months (cheques drawn

on a foreign bank are not accepted);

- By bank transfer;

- By credit card: VISA, MASTERCARD or AMEX (in

case of payment by AMEX, a 1,85% additional

commission corresponding to cashing costs

will be collected).

b)

Artcurial SAS will be authorized to

reproduce in the official sale record and on

the bid summary the information that the buyer

will have provided before the sale. The buyer

will be responsible for any false information

given. Should the buyer have neglected to give

his personal information before the sale, he

will have to give the necessary information as

soon as the sale of the lot has taken place.

Any person having been recorded by Artcurial

SAS has a right of access and of rectification

to the nominative data provided to Artcurial

SAS pursuant to the provisions of Law of the

6 July 1978.

c)

The lot must to be insured by the buyer

immediately after the purchase. The buyer

will have no recourse against Artcurial SAS,

in the event where, due to a theft, a loss or

a deterioration of his lot after the purchase,

the compensation he will receive from the

insurer of Artcurial SAS would prove unsuffi-

cient.

d)

The lot will be delivered to the buyer

only after the entire payment of the price,

costs and taxes. If payment is made by cheque,

the lot will be delivered after cashing, eight

working days after the cheque deposit. In the

meantime Artcurial SAS may invoice to the

buyer the costs of storage of the lot, and if

applicable the costs of handling and trans-

port.

Should the buyer fail to pay the amount due,

and after notice to pay has been given by

Artcurial SAS to the buyer without success, at

the seller’s request, the lot is re-offered

for sale, under the French procedure known as

CONDITIONS OF PURCHASE

IN VOLUNTARY AUCTION SALES

92

Henry de Monfreid : aventures et manuscrits

RTCURIAL

14 juin 2016 14h. Paris