Jewellery, fine pearl and watches

CONDITIONS OF SALE

THE SALE WILL BE CONDUCTED IN EUROS AND IS AN ALL-CASH SALE.

The buyers will pay the following buyer’s premium in addition to the hammer price: up to and including 150.000€, 30% VAT included (sales costs and VAT included) and 25% VAT included (sales costs and VAT included) on the amount of the hammer price over €150,000. This calculation applies per lot. For lots coming from outside the European Union, import VAT must be added:

For lots with numbers preceded by *: an additional VAT of 6% of the hammer price.

For lots with numbers preceded by **: an additional VAT of 21% of the hammer price.

Payment must be made within 15 days from the day of the sale. The auction house reserves the right to cancel the sale if payment is not made within this timeframe. This applies even if the buyer wishes to export the lot or if an export license is required.

The buyer can pay by bank transfer in Euros to Antenor Auction's bank account:

IBAN: BE93 0018 9140 0067

BIC: GEBABEBB

Or by credit card Visa or MasterCard as well as in cash in euros up to an amount of less than € 3.000 including fees and taxes.

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

- 1.5% (excluding VAT) of the hammer price if they have used the services of Drouot Digital for a live auction

- 3% (excluding VAT) of the hammer price if they have used the services of Drouot Digital for a timed online auction.

- 5% (excluding VAT) of the hammer price if they have used the services of Invaluable for both live and timed online auctions.

These additional amounts are transferred to the platform providing the online sales service.

RESPONSIBILITIES

The information contained in the catalogues, advertisements, brochures or any other written material issued by Antenor Auction must be considered as simple indications which do not engage, in any way, its responsibility. Antenor Auction does not guarantee the correctness of a statement concerning the author, the origin, the date, the age, the attribution, the provenance, the weight, the dimensions or the material condition of the lot. No employee is authorised to provide any guarantees in this regard. Consequently, buyers must verify the nature of the lots and their physical condition themselves before the sale. Detailed condition reports of the lots described by experts and the auction house are available to buyers on request. The functioning of watches and clocks, as well as the operation of their mechanisms and batteries Is not guaranteed by Antenor Auction.

BIDDING

Bidding follows the order of the catalogue numbers. Antenor Auction is free to determine the bidding increments and bidders must comply with them. The highest and final bidder will be awarded the lot. In the event of a recognized tied bid, Antenor Auction will put back the lot back up for sale, allowing all interested parties present to participate in a second auction.

PURCHASE ORDERS AND TELEPHONE/ONLINE BIDDING

Any bidder wishing to submit a written bid or bid by telephone must use the designated form. This form must be received by Antenor Auction no later than one day before the sale, accompanied by the bidder’s personal details and proof of identity. Written or telephone bids are provided as a courtesy service for clients who cannot attend in person . Under no circumstances shall Antenor Auction be held responsible for internet or telephone connection issues.

COLLECTION OF PURCHASES

Once the lot is awarded, it becomes the sole responsibility of the buyer. The buyer must arrange for the insurance of his purchases, Antenor Auction declines all liability for any damage the lot may incur from the moment of sale. All formalities, including those related to export and transportation, are the exclusive responsibility of the buyer.

The works will be available for collection at the following locations:

Warehouse address:

Rue Saint Denis, 136 -B-1190 Brussels

Office Address

Rue des Minimes, 49 – 1000 Brussels

Lots can be collected between the 3 rd and 15 th working days following the sale at no additional costs. After this period, storage fees will be charged at a rate of 10€/day/lot (1m²). If the buyer does not collect his lot within one year from the auction date, Antenor Auction reserves the right to resell the lot and deduct storage fees and seller’s commission from the proceeds. The remaining balance will be held in escrow and made available to the buyer. Collection of purchased lots is by appointment only and requires presentation of proof of payment issued by Antenor Auction.

ARTIST’S RESALE RIGHT

For the auction of certain unique works, signed and numbered pieces, and works produced in reasonable quantities, an artist’s resale right is due to the author or his heirs, provided that the author has not been deceased for more than 70 years. This artist’s resale right is calculated on the hammer price (excluding taxes and buyer’s premium), provided that it is at least €2.000. The applicable rates are as follows:

1. 4% for amounts between 2.000€ and 50.000€
2. 3% for amounts between 50.001€ to 200.000€
3. 1% for amounts between 200.001€ to 350.000€
4. 0.5% for amounts between 350.001€ to 500.000€
5. 0.25% for amounts above 500.001€,

The total artist’s resale right cannot exceed 12.500€ per lot per resale. This artist’s resale right is the responsibility of the buyer. Antenor Auction is legally required to collect and transfer the artist’s resale rights to the appropriate collecting agency. The amount will be charged to the buyer along with the hammer price and buyer’s premium. If Antenor Auction becomes aware of an artist’s resale right after the sale, the amount will be invoiced separately to the buyer.

EXPORT AND IMPORT

Any auctioned lot may be subject to export laws from the country of sale and import restrictions in other countries. Many countries require an export declaration for goods leaving their territory and/or import declaration upon arrival. Local laws may prohibit the import or resale of a lot in the buyer’s country of residence. Antenor Auction will not cancel a sale or refund a buyer if the lot cannot be exported, imported or is seized by a government authority for any reason. It is the buyer's responsibility to determine and comply with the relevant legal and regulatory requirements concerning the import or export of any lot purchased.

Before bidding, buyers should seek advice and comply with any applicable import and export regulations. If an import/export license is denied or delayed, the buyer must still pay the full amount to Antenor Auction. Upon request Antenor Auction may assist in applying for the necessary permits, but the buyer must bear all related costs. However, Antenor Auction cannot guarantee approval of these applications.

The buyer is solely responsible for paying any taxes, custom duties, or other government-imposed fees related to the export or import of the lot. If Antenor Auction exports or imports the item on behalf of the buyer and pays any applicable duties or fees, the buyer agrees to reimburse these amounts.

Lots containing protected species materials: Lots made from or containing (regardless of percentage) endangered and protected wildlife materials are marked with the symbol ◆ in the catalogue. These may include, but are not limited to, ivory (e.g. elephant, mammoth, walrus), tortoiseshell, crocodile and alligator skins, ostrich leather, certain corals and Brazilian rosewood.

Buyers should check customs laws before bidding if they plan to import a lot containing such materials into another country. Many countries prohibit the import of items containing protected species, while others require permits from regulatory authorities in both the exporting and importing countries. In some cases, a scientific certificate verifying the species and age may be required before shipping, which the buyer must obtain at his own expense. If a lot contains elephant ivory, or materials that resemble elephant ivory, the buyer should consult additional legal information if they plan to import the lot into the United States.

Ban on importing African elephant ivory to the US : The United States strictly prohibits the import of African elephant ivory. Any lot containing elephant ivory or similar materials (e.g. mammoth or walrus ivory) can only be imported into the United States with certified scientific test results accepted by the US Fish & Wildlife Service, confirming that the material is not African elephant ivory. If such tests have already been conducted before the sale, Antenor Auction will indicate this in the lot description. Otherwise, Antenor Auction cannot confirm the nature of the material, and the buyer assumes full risk, including the cost of testing. If tests confirm presence of African elephant ivory or similar materials, Antenor Auction will not cancel the purchase or provide a refund.

Antique jewellery export restrictions : Under current regulations, jewellery over 50 years old and worth 50.000€ or more requires an export licence. Antenor Auction can apply for this licence upon request, but approval is not guaranteed. The processing time for a jewellery export licence can take up to 8 weeks.

Watches: Many of the watches featured in this catalogue are photographed with straps made from endangered or protected species such as alligator or crocodile leather. These lots are marked with the symbol ◆ in the catalogue. These straps are not for sale and are shown only for display purposes. Antenor Auction will remove and retain the straps before shipping the watches. In some cases, Antenor Auction may, at its sole discretion, offer these straps free of charge to buyers who collect their lots in person within one year of the sale. Buyers should check with the auction house for specific details on individual lots. The import of luxury watches such as Rolex into the United States is highly restricted. These watches cannot be shipped to the United States and must be imported in person by the buyer. Generally, a buyer can only import one Rolex watch at a time into the United States. For further details, buyers should consult auction specialists.

Symbols in the catalogues: Symbols in the catalogues are provided for reference only to help buyers navigate the auction listings. However Antenor Auction is not responsible for any errors or omissions related to these symbols.