CONDITIONS OF SALE
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
presentation of the item and recorded in the sale report.
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 offered for sale. No
no claims will be accepted once the sale has been completed.
The SVV is at your disposal for any further information, and invites all
and invites all interested parties to enquire about the lots.
Please note that the specialists at SVV Thierry de Maigret
are not qualified restorers and that the report presented below
is not a full condition report prepared by a professional conservator.
conservator. Although we make certain observations about the work
which we hope will be helpful, we recommend that you consult your own
your own conservator for a more complete report.
report. We also remind you that this report is drawn up
in accordance with the terms of business set out in the auction
auction catalogue. It is an expression of opinion
opinion and should not be relied upon as a statement of fact.
Bidding: The successful bidder will be the highest and last bidder, and will be obliged to submit his or her name to the auctioneer.
bidder, and will be obliged to give his name and address,
providing 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 invited to
invited to participate in the auction again. The auctioneer and
experts reserve the right, in the interests of the sale, to combine, divide or withdraw any lot from the auction,
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
purchase the lot concerned at the lowest price, and not exceeding the maximum
maximum amount indicated. In the event of bids in the room for the same
same amount, the bidder present will have priority.
Telephone bids are accepted for lots whose
the low estimate is over €300. It is recommended to specify
a security purchase order that we can execute on your behalf
should we be unable to contact you. The auction
not liable for failure to execute a purchase order due to error, omission
error, omission, telephone malfunction or any other cause.
for any other reason.
To bid by telephone or internet, a deposit may be requested by the
be requested by the Auction House.
Payment of the price: The sale is conducted in euros and is expressly in cash.
expressly in cash. In addition to the hammer price, the buyer must pay
the sale price, taxes and sales expenses of 30% inclusive of tax (25% exclusive of tax
+ 20% VAT).
No lot will be handed over to the buyer until all sums due have been paid.
payment of all sums due.
DROUOT LIVE buyers' fees 1.5% excluding VAT in addition to the bids
i.e. 1.8% incl. VAT.
Means of payment :
- 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.
which they will forward to the Auction House.
- in cash up to a limit of €1,000 including taxes and charges for
French residents and professionals, and €15,000
for foreign individuals, on presentation of proof of identity, source of funds
of their identity, the source of the funds and their declaration of the sums to the
Decree no. 2010-662 of 16 June 2010.
- by bank transfer, quoting the slip number
- by Visa and Master Card
VAT: The VAT included in the margin may be refunded to
non-European Union resident purchasers after sending the
the SVV of the customs export document, copy n°3, stamped by the
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 incur the liability of the Sales Company and consequently
and consequently releases it from the obligation to pay the seller.
On expiry of a period of one month after formal notice has been given by the buyer
by registered letter with acknowledgement of receipt at the buyer's expense, and in the absence of
payment of the sum due, the purchaser will be charged a fee to cover the costs of
to cover the costs of collection, an additional fee of
10% of the hammer price, with a minimum of €300.
The application of this cause 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 irresponsible bidding procedure.
Irresponsible bidding: in the absence of payment by the successful bidder, the property is re
put up for sale again at the seller's request on the basis of an irresponsible bid by the winning bidder
defaulting bidder: if the seller does not make this request within a period of
If the seller does not make this request within one month of the auction, the sale is automatically cancelled,
without prejudice to damages. Interest due by the defaulting buyer.
Withdrawal of lots: No lot will be handed over until all sums due have been paid.
of all sums due. In the event of payment by uncertified cheque, the collection of
may be deferred until payment has been received. Large
which have not been collected from Drouot the day after the sale before
of the sale before 10 a.m. in the auction room, will be stored at the
at Drouot; they remain the sole responsibility of the winning bidder.
responsibility of the successful bidder. Storage costs payable by the buyer must be paid to the
be paid to the Hôtel Drouot warehouse before removal of the lots
lots and on presentation of the paid slip. Small items
may be kept at the auction house for 15 days after the sale;
Beyond this period, a storage fee of 3 euros per day per item will be charged.
will be charged.
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 a period of
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 them, and if so, to obtain it. Cf.
article 32 of the Data Protection Act and model disclosures in the notice.
Lead seals are considered to be protective measures.
See original version (French)
Auto-translation. Refer to original language for legal validity.