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GTC

CONDITIONS OF SALE

The sale will be made in cash and conducted in Euros. In addition to the bidding, buyers will pay the following fees: up to €150,000, 30% including tax (sales costs and VAT included) and 25% (sales costs and VAT included) on the tranche above €150,000. This calculation applies per lot and per tranche. For batches coming from a country outside the European Union, the import VAT will have to be added, i.e. :

– For lots whose numbers are preceded by the sign *: an additional VAT of 6% of the auction price.
– For lots whose numbers are preceded by a ** sign: an additional VAT of 21% of the auction price.

Payment must be made immediately after the sale. This rule applies even if the buyer wishes to export the lot or if an export licence is required. The buyer may pay by bank transfer in euros, by credit card Visa or MasterCard as well as in cash in euros up to an amount of less than €3,000 including costs and taxes.

Purchasers who have acquired their lot(s) through an online sales platform will pay in addition :

– 1.5% exclusive of tax of the auction price if they have used the services of Drouot Digital (Live)
– 5% VAT excluded of the award price if they have used Invaluable’s services,

These sums are paid back to the platform offering the Live service.

ONLINE/TIMED AUCTION

The buyer’s fees are 30% including tax, including the costs of the online sales platforms.

They take place exclusively on an internet platform. Lots can be examined “physically” by any interested person by appointment only. Auctions are managed automatically by the computer system according to the general auction principles.

In the event of any dispute on the bids, the data recorded by the computer system will be deemed authentic and Antenor Auction will determine the winning Bidder on this sole basis. This decision is irrevocable and is binding on all, without any possible dispute.

Antenor Auction may cancel, postpone, extend or terminate an Online Sale without justification to the Sellers and Bidders, potential or existing.

Antenor Auction may reopen the Auction after an interruption, in particular if a problem has occurred on the Website which has prevented users from accessing it in an optimal manner, and this at the time and in the manner that it deems most appropriate.

RESPONSIBILITY

The information contained in catalogues, advertisements, brochures or any other written material issued by Antenor Auction, must be considered as mere indications which do not engage its responsibility in any way. Antenor Auction does not guarantee the accuracy of any statement relating to the author, nor the origin, date, age, attribution, provenance, weight or material condition of the lot. No employee is authorised to give guarantees in this respect. Consequently, buyers must ensure themselves, before the sale, of the nature of the lots and their material condition. Detailed information on the condition of the lots described by the experts and the auction house is available to buyers upon request. The working order of the clocks and the condition of the mechanisms are not guaranteed.

EXPORT AND IMPORT

Any lot sold at auction may be affected by laws on exports from the country in which it is sold and the import restrictions of other countries. Many countries require a declaration of export for property leaving the country and/or an import declaration on entry of property into the country. Local laws may prevent you from importing a lot or may prevent you selling a lot in the country you import it into. We will not be obliged to cancel your purchase and refund the purchase price if your lot may not be exported, imported or it is seized for any reason by a government authority. It is your responsibility to determine and satisfy the requirements of any applicable laws or regulations relating to the export or import of any lot you purchase.

You alone are responsible for getting advice about and meeting the requirements of any laws or regulations which apply to exporting or importing any lot prior to bidding. If you are refused a licence or there is a delay in getting one, you must still pay us in full for the lot. We may be able to help you apply for the appropriate licences if you ask us to and pay our fee for doing so. However, we cannot guarantee that you will get one.

You alone are responsible for any applicable taxes, tariffs or other government-imposed charges relating to the export or import of the lot. If Antenor Auction exports or imports the lot on your behalf, and if Antenor Auction pays these applicable taxes, tariffs or other government-imposed charges, you agree to refund that amount to Antenor Auction.

Lots made of protected species: lots made of or including (regardless of the percentage) endangered and other protected species of wildlife are marked with the symbol in the catalogue. This material includes, among other things, ivory, tortoiseshell, crocodile skin, rhinoceros horn, whalebone, certain species of coral, and Brazilian rosewood. You should check the relevant customs laws and regulations before bidding on any lot containing wildlife material if you plan to import the lot into another country. Several countries refuse to allow you to import property containing these materials, and some other countries require a licence from the relevant regulatory agencies in the countries of exportation as well as importation. In some cases, the lot can only be shipped with an independent scientific confirmation of species and/or age and you will need to obtain these at your own cost. If a lot contains elephant ivory, or any other wildlife material that could be confused with elephant ivory, please see further important information in paragraph (d) if you are proposing to import the lot into the USA. We will not be obliged to cancel your purchase and refund the purchase price if your lot may not be exported, imported or it is seized for any reason by a government authority. It is your responsibility to determine and satisfy the requirements of any applicable laws or regulations relating to the export or import of property containing such protected or regulated material.

US import ban on African elephant ivory The USA prohibits the import of ivory from the African elephant. Any lot containing elephant ivory or other wildlife material that could be easily confused with elephant ivory (for example mammoth or walrus ivory) can only be imported into the US with results of a rigorous scientific test acceptable to Fish & Wildlife, which confirms that the material is not African elephant ivory. Where we have conducted such rigorous scientific testing on a lot prior to sale, we will make this clear in the lot description. In all other cases, we cannot confirm whether a lot contains African elephant ivory, and you will buy that lot at your own risk and be responsible for any scientific test or other reports required for import into the USA at your own cost. If such scientific test is inconclusive or confirms the material is from the African elephant, we will not be obliged to cancel your purchase and refund the purchase price.

Jewellery over 50 years old Under current laws, jewellery over 50 years old which is worth €50.000 or more will require an export licence which we can apply for on your behalf. It may take up to eight weeks to obtain the export jewellery licence.

Watches Many of the watches offered for sale in this catalogue are pictured with straps made of endangered or protected animal materials such as alligator or crocodile. These lots are marked with the symbol ψ in the catalogue. These endangered species straps are shown for display purposes only and are not for sale. Antenor Auction will remove and retain the strap prior to shipment from the sale site. At some sale sites, Antenor Auction may, at its discretion, make the displayed endangered species strap available to the buyer of the lot free of charge if collected in person from the sale site within one year of the date of the sale. Please check with the department for details on a particular lot.

Please note that lots are marked as a convenience to you, but we do not accept liability for errors or for failing to mark lots.

AUCTIONS

Auctions follow the order of the catalogue numbers. ANTENOR AUCTION is free to determine the order of progression of the bids and the bidders are obliged to comply with it. The highest and last bidder will be the successful bidder. In the event of a double bid recognised as effective by ANTENOR AUCTION, the item will be put up for sale again, with all the amateurs present being able to compete in this second auction.

PURCHASE ORDERS AND TELEPHONE/ONLINE AUCTIONS

Any bidder who wishes to make a written, online or telephone bid must use the form provided for this purpose. This form must reach ANTENOR AUCTION no later than two days before the sale, together with the bidder’s bank and personal details. Only telephone auctions are a free service for customers who are unable to travel. Under no circumstances can Antenor Auction be held responsible for a problem with the internet and/or telephone connection.

WITHDRAWAL OF PURCHASES

As soon as the object is awarded, it will be under the full responsibility of the successful bidder. The buyer will be responsible for insuring his purchases, and ANTENOR AUCTION declines all responsibility for any damage that the item may incur, and this as soon as the purchase is pronounced. All formalities, in particular those concerning export, as well as transport remain the sole responsibility of the purchaser.

Sale in Brussels, Ancienne Nonciature :

The works will be available two days after the sale by appointment:

At IAT Solution

134-136, rue Saint Denis – 1190 Forest – Belgium
T. +32(0)495 65 00 05 or +32(0)465 86 12 49
Mail: [email protected]

Working hours: 10am-12pm and 2pm-5pm. They can be withdrawn between 2 and 10 working days after the sale without having to pay any additional fees. After this period, storage costs will have to be paid to IAT Solution in the amount of 10€ per day per customer and 20€ per day per customer for batches of more than 1m³. Method of payment: via credit card (Visa/MasterCard) or Bancontact. The collection of the acquired lot is done by appointment and on presentation of the slip paid by Antenor Auction. For all requests for delivery of your lots, anywhere in the world, do not hesitate to ask IAT Solution for a quote on +32 (0)495 65 00 05 or by e-mail [email protected]

RIGHT OF FOLLOW-UP

On the sale of certain works of a unique character, signed and numbered works and works produced in reasonable quantities, a resale right shall be due to the author or his heirs, provided that the author has not been dead for more than 70 years. This resale right is calculated on the sale price excluding tax, provided that it is at least €2,000. It amounts to : 4% from 2.000€ to 50.000€, 3% from 50.001€ to 200.000€, 1% from 200.001€ to 350.000€, 0,5% from 350.001€ to 500.000€ and 0,25% beyond, without the resale right being able to exceed 12.500€ per work of art and per resale. The resale right is payable by the buyer when it is due.

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