Selling costs in addition to the auction price of 30% incl. VAT (i.e. 25% excl. VAT)
Bids: The successful bidder will be the highest and last bidder registered and recorded in advance. All bidders are deemed to be bidding on their own behalf and are held solely responsible for their bids. No changes may be made after the sale. In the event that a reserve price has been stipulated by the seller, EUVRARD & FABRE reserves the right to place bids on behalf of the seller until the reserve price has been reached. The reserve price may not exceed the low estimate appearing in the catalogue or modified publicly before the sale.
Payment of the price: The sale is conducted in euros and is expressly payable in cash. In addition to the hammer price, the buyer must pay taxes and sales expenses of 30% inclusive of tax (25% exclusive of tax). No lot will be handed over to the buyer before full payment has been received. Payment must be made no later than one month after the close of the sale, failing which late payment penalties of 10% of the purchase price will be applied, as well as storage costs.
Means of payment:- by cheque, accompanied by proof of identity; only the cashing of an uncertified cheque will constitute payment and transfer of ownership. Cheques drawn on a foreign bank will only be authorised with the prior agreement of the Société de Vente. For this reason, buyers are advised to obtain a letter of credit from their bank prior to the sale, for a value close to their intention to purchase, which they will forward to the Société de Vente.
- in cash, up to a limit of €1,000 for French residents (including taxes and charges), and €15,000 for foreign residents (including taxes and charges), on presentation of proof of identity, of the source of the funds and of the declaration of the sums to the customs authorities (decree no. 2010-662 of 16 June 2010).
- by bank transfer, quoting the slip number
Our bank details:
IBAN : FR76 3000 3032 9000 0204 5948 707
BIC : SOGEFRPP
On our website: https://www.euvrard-fabre.com/paiement-en-ligne
By Visa and MasterCard at the office 14, rue Cler 75007 Paris EUVRARD & FABRE, sales intermediary, is subject to obligations to combat money laundering and the financing of terrorism in accordance with Article L-561-2 of the Monetary and Financial Code.
VAT: VAT included in the margin may be reimbursed to buyers who are not residents of the European Union after sending the SVV the customs export document, copy neme3, stamped by customs, within two months of the sale. No sales slip excluding VAT will be issued without official proof of export, as the intra-Community VAT number alone is not sufficient. Non-payment: If the successful bidder fails to pay within three months of the date of the auction, and after formal notice has been served without success, the property will be put back up for sale at the seller's request on the basis of an irresponsible bid by the unsuccessful bidder. If the seller does not make this request within three months of the auction, the sale is automatically cancelled, without prejudice to any damages and interest owed by the defaulting buyer. If the successful bidder fails to pay the sums due within the three-month period or if the sale is declared null and void by a court decision, the costs relating to the cancelled sale remain payable by the successful bidder. In this case, EUVRARD & FABRE has the right to cash the cheque given as a guarantee or to deduct from the successful bidder's bank account the sum corresponding to the guarantee required in application of the conditions of sale. This sum is acquired on a pro rata basis by the seller of the lot and EUVRARD & FABRE as partial compensation for their prejudice and losses caused by the default and faults of the successful bidder, without prejudice to additional damages and interest. In all cases EUVRARD & FABRE reserves the right to claim from the defaulting successful bidder:- interest at the European Central Bank's semi-annual key rate on 1st January and 1st July (REFI) plus 10 points;- reimbursement of additional costs incurred as a result of the default, including storage, transport, catalogue, legal and additional fixed recovery costs, etc.... - the adjudication costs remaining due on the cancelled sale and the loss suffered by EUVRARD & FABRE corresponding to the seller's costs;- the payment of the difference between the initial adjudication price and- either the adjudication price on irresponsible bidding if it is lower, as well as the costs generated by the new bids, or, the low estimate, if the sale is automatically cancelled. EUVRARD & FABRE also reserves the right to offset any sums owed to the defaulting bidder. EUVRARD & FABRE reserves the right to exclude from future sales, any successful bidder who has defaulted or who has not respected the present general conditions of purchase.
See original version (French)
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