The sale is governed by articles L312-4 of the French Commercial Code. The SVV Thierry de Maigret, the sale operator, acts as the seller's agent. of the seller and its relationship with the bidders is specified by these conditions of sale. Goods offered for sale: The information given in the catalogue are the responsibility of the auction house and the experts assisting responsibility, taking into account any corrections announced at the time of the presentation of the item and recorded in the minutes of the sale. Re-covering, parquetry or lining are considered as a conservatory measure and not as a defect; the dimensions, weights and estimates and estimates are indicative. A prior exhibition allows buyers to the condition of the items for sale. No no claims will be accepted once the auction has taken place. The SVV is at your disposal for any information you may require, and invites interested parties to obtain information about the lots. In accordance with the provisions of Article L321-17 of the French Commercial Code Code de commerce, civil liability claims arising from auctions and in connection with auctions and voluntary and judicial sales of public auctions are subject to a limitation period of five years from the from the date of the auction. Bidding: The successful bidder will be the highest and last bidder, and will be obliged to pay the highest bid. bidder, and will be obliged to give his name and address, by presenting proof of identity and bank details. All bidders are deemed to be bidding on their own behalf and are held held solely responsible for the bid. If the bidder is bidding on behalf of a third party, they must make this person's identity known in advance so that the invoice can be drawn up correctly. No be made after the sale. In the event of a double recognized by the auctioneer, the lot will be put back up for auction immediately reopened for bidding, and any interested party will be will be invited to participate in the auction again. The auctioneer and the experts reserve the right, in the interests of the sale, to combine to combine, divide or withdraw any lot from the sale. Purchase orders: The auction house may execute any purchase order free of charge. any purchase order. A written request must be made 24 hours before the sale to the auction house. hours before the auction, using the form duly completed and accompanied by a cheque or bank details. The SVV de MAIGRET will act on behalf of the bidder, according to the instructions instructions specified in this form, in order to try to purchase the the lowest price for the lot concerned, and not exceeding the maximum the maximum amount indicated. In the event of bids in the room for the same amount, the bidder present will have priority. Telephone bids are accepted for lots whose the low estimate is over €300. We recommend that you to specify a security purchase order that we can execute on your behalf on your behalf should we be unable to contact you. you. The Auction House will not be held responsible for failure to execute a purchase order due to error, omission, telephone telephone malfunction or for any other reason. Payment of the price: The sale is conducted in euros and is expressly expressly in cash. The successful bidder must pay in addition to the hammer price, taxes and selling expenses of 32.40% INCL. TAX (27% EXCL. TAX + 20% VAT). No lot will be handed over to the buyer until all sums due have been paid. payment in full. by cheque, accompanied by proof of identity; only the cashing of an uncertified cheque will constitute payment and transfer transfer of ownership. Cheques drawn on a foreign bank will only be authorised with the prior agreement of the Sales Company. For buyers are advised to obtain, before the sale, a letter of credit from their bank letter of credit from their bank for a value close to their intention to buy. in cash within the limit of taxes and duties. in cash, up to a limit of €1,000 including taxes and charges for French residents (individuals and professionals), and €15,000 for foreign individuals, with proof of identity, source of funds and the source of the funds and their declaration of the sums to the customs decree no. 2010-662 of 16 June 2010. 2010 - by bank transfer, quoting the slip number - by Visa or Master Card RESALE RIGHTS AND RESERVATION OF RESALE RIGHTS: In accordance with legislation in force, authors of original graphic and plastic works have an inalienable have an inalienable right to share in the proceeds of any sale of the work any sale of the work after the first transfer. The resale right subsists for the benefit of the author's heirs during the calendar year of the death of the author and for the following seventy years. If the resale right is applicable to a lot, except if this lot is a book or a manuscript, you will have to pay the royalties. manuscript, you will be liable for the corresponding sum, in addition to the the auction price, and we will then pass this sum on to the relevant to the relevant organisation, in the name and on behalf of the seller. Resale rights are payable when the hammer price of a lot is 750 or more. In any event, the amount of the droit de suite is capped at capped at €12,500. The amount due in respect of the resale right is determined by applying a sliding scale according to the hammer price: - for the first tranche of the hammer price 4% for the first tranche of the sale price less than or equal to 50,000; - - - - - 3% for the portion of the price between 50,000.01 euros and 200,000; 1% for the portion between 200,000.01 euros and 350,000; 0.5% for the portion of the price between 350,000.01 euros and 500,000 euros ; 0.25% for the portion of the price exceeding 500,000.01 euros. VAT: The VAT included in the margin may be refunded to non-European Union resident buyers after sending the SVV the customs of the customs export document, copy no. 3, stamped by the customs within two months of the sale. No without official proof of export, the only intra-Community VAT number VAT number is not sufficient. Default of payment : Payment by cheque with insufficient funds or default of payment does not entail the liability of the Sales Company and consequently releases it from the obligation to pay the seller. to the seller. On expiry of a period of one month after formal notice has been given by by registered letter with acknowledgement of receipt, at the buyer's expense payment of the sum due, the buyer will be billed for the cost of will be levied on the purchaser to cover the costs of recovery additional fee of 10% of the hammer price, with a minimum of minimum of €300. The application of this provision does not preclude the award of damages and the costs of any proceedings that may be necessary, and does not prejudge the possible implementation of the procedure. Irresponsible bidding: in the absence of payment by the successful bidder, the property is put back up for sale at the seller's request on the basis of an irresponsible auction of the defaulting bidder: if the seller does not make this request within one month of the auction date, the sale is cancelled ipso jure, without prejudice to damages. Interest payable by the defaulting buyer. Withdrawal of lots: No lot will be handed over until all sums due have been paid. payment of all sums due. In the event of payment by uncertified In the event of payment by uncertified cheque, the collection of items may be deferred until the cheque has been cashed. Large auctioned purchases that have not been collected at Drouot by 10 a.m. the day after the sale, will be stored in the stored in the Hôtel Drouot warehouse; they remain the sole responsibility of the bidder. responsibility of the successful bidder. The storage costs payable by the purchaser must be paid to the Hôtel Drouot warehouse before removal of the lots and on presentation of the paid slip. Small items may be kept at the auction house for 15 days after the sale. days after the sale; beyond this period, a storage charge of 3 euros per day per day and per item. Export of lots: The export of lots may be subject to authorisations, under the buyer's responsibility. The obtaining, refusal or delays in obtaining authorisations may not condition the payment deadline or be a reason for cancelling the sale. of the sale. Right of pre-emption: The French State has a right of pre-emption right of pre-emption for works sold, by notifying the auctioneer as soon as the the auctioneer. The State has 15 days to confirm the exercise of this right. In this case, it takes the place of the last bidder. Right of access: The right of access is the right of any person to to question the controller of a processing operation to find out whether it holds any information about him or her, and if necessary to obtain communication of it. Cf. article 32 of the Data Protection Act and models of information in the in the notice.

RESALE RIGHTS AND RESERVATION OF RESALE RIGHTS: In accordance with legislation in force, the authors of original graphic and plastic works have an inalienable right to share in the proceeds of any sale of the work any sale of the work after the first transfer. The resale right subsists for the benefit of the author's heirs during the calendar year of the death of the author and for the following seventy years. If the resale right is applicable to a lot, except if this lot is a book or a manuscript, you will have to pay the royalties. manuscript, you will be liable for the corresponding sum, in addition to the the auction price, and we will then pass this sum on to the relevant to the relevant organisation, in the name and on behalf of the seller. Resale rights are payable when the hammer price of a lot is 750 or more. In any event, the amount of the droit de suite is capped at capped at €12,500. The amount due in respect of the resale right is determined by applying a sliding scale according to the hammer price: - for the first tranche of the hammer price 4% for the first tranche of the sale price less than or equal to 50,000; - - - - - 3% for the portion of the price between 50,000.01 euros and 200,000; 1% for the portion between 200,000.01 euros and 350,000; 0.5% for the portion of the price between 350,000.01 euros and 500,000 euros ; 0.25% for the portion of the price exceeding 500,000.01 euros.