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AUDAP & MIRABAUD (hereafter A&M) is a company of voluntary auction sales regulated
by the law of July 10th 2000. In such capacity it acts as the agent of the seller who contracts
with the buyer. The relationships between A&M and the buyer are subject to the present
Sale Conditions which can be modified by saleroom notices or oral indications given at the
time of the sale, which will be recorded in the official sale record.
Purchased lots will have to be paid immediately after the sale. The sale will be conducted in
Euros. Purchasers will pay in addition to the hammer price, a buyer’s premium of 21%+VAT
i.e. 22,155% for books and 25,2% for other items.
GOODS FOR AUCTIONS / GUARANTEES
The auctioneer is bound by the indications in the catalogue, modified only by
announcements made at the time of the sale noted in the legal records thereof. The order
of the catalog can be modified. An exhibition prior to the sale permits buyers to establish
the conditions of the lots offered for sale and no claims will be accepted after the hammer
has fallen. Some differences may appear between the original work and its illustration, there
will be no claims in such matter. The measurements are given only as an indication. The
statements about any restoration, mishape or harm arisen concerning the lot are only made
to facilitate the inspection thereof by the prospective buyer and remain subject to his/her
own or to his/her expert’s appreciation. The absence of statements relating to a restoration,
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. The indication
of any defect whatsoever does not imply the absence of any other defects, being specified
that basic restorations and relining do not decrease the value of the good since they are
considered as conservatory measures. Dimensions are given for guidance only. The state of
the frames is not guaranteed. Any changes to the conditions of sale or to the descriptions
in the catalogue shall be announced verbally during the sale, and appended to the official
sale record (procès-verbal). An estimate in euros of the likely sale price is mentioned in the
catalogue, or on a separate sheet, for each lot. This is provided for indication only. The
hammer price may of course be above or below this estimate.
BIDS
The highest and final bidder is deemed to be the purchaser, and must provide his/her name
and address. Payment must be made immediately after the sale. No lot will be transferred
to the purchaser before it has been paid for in full. In the event of payment by cheque or
bank transfer, property may be withheld until payment has been cleared. Any storage costs
that may result are to be paid by the purchaser. In case of dispute after the word « adjugé »
has been pronounced, i.e. if two or more bidders simultaneously make the same bid, either
vocally or by sign, and claim title to the lot after the word « adjugé » has been pronounced,
the said lot can be immediately reoffered for sale by the auctioneer, and all those present
may take part in the bidding.
ABSENTEE BIDS
Bidders unable to attend the sale must complete the absentee bid form in this catalogue
that needs to be received by A&M at least one day before the sale together with bank
references and a copy of the passport. A&M will act on behalf of the bidder, in accordance
with the instructions contained in the absentee bid form, and try to purchase the lot(s) at
the lowest possible price, in no circumstances exceeding the maximum amount stipulated
by the bidder. A&Mwill act in the bidder’s best interest and any information concerning the
latter will remain confidential. Telephone bidding are services provided for clients. A&M
declines responsibility for any errors, omissions, technical problem that may occur or if the
call has not been answered. Should two written bids be identical, the first one received takes
precedence.
PREEMPTION OF THE PURCHASED LOTS
The State in entitled to use a right of pre-emption on works of art, pursuant to the rules
of law in force. The use of this right comes immediately after the after the word « adjugé »
has been pronounced, the representative of the French state expressing then the intention
of the State to substitute for the last bidder, provided he/she confirms the pre-emption
decision within fifteen days. If such confirmation has not been made, the bidder will have to
pay his/her item bought without delay. A&M will not bear any liability/responsibility for the
conditions of the pre-emption by the French State.
PAYMENT
The sale shall be conducted in euros. Any payments must be effected in euros. Payment is
due immediately after the sale. The payment is made once money has been deposited to
A&M‘s account.
Payments 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 on A&M’s account.
By bank transfer in euros.
code Swift
BNPPARB PARIS A CENTRALE FR
BIC
BNPAFRPPPAC
IBAN : FR76 3000 4008 2800 0116 9748 076
AUDAP MIRABAUD SARL
dépot clients SVV art L321 6 CC
RIB
Bank code
Branch code
Account number
Key
30004
00828
00011697480
76
Any buyer who wants to execute payment by bank transfer issued from a foreign bank
account must pay additional fee of € 20.
In cash (Decret June 15, 2010) :
up to € 3000 (inc. premium) for French citizens or professionals
up to € 15000 (inc. premium) for foreign citizens upon presentation of valid passport
and evidence of residence abroad.
IMPORTATION / EXPORTATION
The items marked with * fall under the scope of the temporary importation rules. Additional
fees of 5,5% will apply, unless the buyer exports the goods outside the EU. Such buyers
shall inform A&M on the day of the sale. They will be entitled, under specific conditions,
to deduct the VAT due on the auctioneer’s fees. European buyers who pay VAT can have
the VAT deducted on the auctioneers’ fees upon meetings of the legal requirements. A&M
remains at the disposal of any buyer should the buyer needs information on this matter.
DEFAULT PAYMENT
Should the buyer fail to pay the amount due, and after notice to pay has been given by A&M
to the buyer without success, the buyer will be be charged additional fees of 10% of the
hammer price, with a minimum of €250, together with late payment interest. A&M also
reserves the right to set off any amount. Such disposition does not exclude compensatory
damages and the enforcement of the “procédure de folle enchère” as hereafter described.
Should the buyer fail to pay the amount due, and after notice to pay has been given by
A&M to the buyer without success, at the seller’s request, the lot is re-offered for sale,
under the French procedure known as “procédure de folle enchère”. If the seller does not
make this request within 2 month from the date of the sale, the sale will be automatically
cancelled, without prejudice to any damages owed by the defaulting buyer. In addition to
the additional fees above mentionned, the defaulting buyer will be liable for the payment
of the difference between the initial hammer price and the price of sale after “procédure
de folle enchère” if it is inferior as well as the costs generated by the new auction. A&M
reserves the right to send the name of any default buyer to an organism accredited by the
CNIL so that its name be listed in list of default buyers pursuant to CNIL approval and to
the applicable law.
STORAGE - COLLECTION OF PURCHASES / SHIPING
1. Bulk items purchased at auction, and not collected from the saleroom by 10 am the day
after the sale, will be stored in Basement Level 3 at the Hôtel Drouot 6 bis, rue Rossini -
75009 PARIS - Tel.: 33 (0)1 48 00 20 56, and can be collected at the following times:
Monday.Friday: 9 - 10am / 1:30 - 5:30pm - Saturday 8am - 12 noon
The bidding slip (bordereau), indicating proof of payment, must be presented when
property is collected. Storage costs are due at the current rate. No storage cost is due if
the buyer asks DROUOT TRANSPORT to ship the item prior to the sale or at the latest
the day following the sale.
2. No item purchased will be transported to A&M’s offices and kept free of charge for a
fortnight. No itemwill be sent by mail by A&M. If the buyer has no carrier, any request for
shipping by mail will have to be made directly, upon presentation of the invoice paid to
A&M, to PARIS ART TRANSFERT, blarrouy@parisartstransfert.fr, tel. +33 6 42 19 75 72)
or DROUOT TRANSPORT (drouot-transport@drouot.com, tel + 33 1 48 00 22 49)
who will be in charge of the shipping, the wrapping and the following of such shipping.
Payment for the transport must be made directly to the carrier. Note that no storage cost
is due at Drouot if a statement of price is asked at DROUOT TRANSPORT prior to the
sale; after the sale, storage costs stop once a statement of price is asked at DROUOT
TRANSPORT.
A&M will not be liable for any misact of PARIS ART TRANSPORT or DROUOT
TRANSPORT.
3. Insurance. At the fall of the hammer the title of property shall be transferred to the
purchaser, who assumes immediate responsibility for insurance. Uncollected property
will be stored at the costs, risks and perils of the purchaser. A&M declines liability for
lots placed in storage.
The clauses of these general conditions of purchase are independent from each other.
Should a clause whatsoever be found null and void, the others shall remain valid and
applicable. These Conditions of purchase are governed by French law exclusively. Any
dispute relating to their existence, their validity and their binding effect on any bidder or
buyer shall be submitted to the exclusive jurisdiction of the Courts of France. The French
language version of the Sales Conditions prevails on the English version.
SALES CONDITIONS A&M