Cash payment Only those who have made themselves known and registered three days prior to the sale may bid – Bank details are mandatory, as are any documents required to comply with AML/CFT regulations. Buyer’s commission: In addition to the hammer price, buyers shall pay the following fees and taxes per lot, on a non-degressive basis: 12% inclusive of VAT (10% excluding VAT + 20% VAT). VAT regime: Transactions relating to auctions are subject to the margin-based VAT regime at a rate of 20% (except for books, which are subject to the reduced rate of 5.5%). Pursuant to the 7th VAT Directive applicable from 1 January 1995, the conditions for VAT refunds apply as follows: 1 - Lot exported to a country outside the European Union Additional charges, as well as VAT on commissions and additional charges, may be refunded to the non-EU-resident in the EU upon presentation of proof of export outside the EU, including copy no. 3 of the customs export document, and provided that such export took place within two months of the date of the sale. The auction house must be listed as the consignor on the said customs document. 2 - Lot exported to an EU Member State VAT on commissions and additional charges may be refunded to the EU successful bidder who provides an intra-Community VAT number and proof of delivery from France to another Member State, within one month of the date of the sale (after this period, no refund will be possible). Terms of payment: Payment is to be made in cash for the full price, including fees and taxes. The successful bidder may pay by the following means: - Cash up to €1,000 including fees and taxes for French nationals, and for French or foreign professionals. - Up to €15,000 including fees and taxes for foreign nationals upon presentation of a valid passport. - VISA or MASTERCARD credit card. - Cheque made payable to DOUTREBENTE & ASSOCIES. - Bank transfer (bank details provided to the successful bidder). All costs associated with the transfer shall be borne by the purchaser. However, if the purchaser fails to pay within one month, they shall be liable for penalties relating to the flat-rate tax on the sale or export of precious metals, jewellery, works of art, collectibles or antiques. Anti-Money Laundering and Counter-Terrorist Financing (AML-CTF): Pursuant to Article L. 561-2, 14° of the Monetary and Financial Code, the obligations relating to AML/CFT apply to DOUTREBENTE & ASSOCIES in its capacity as an operator of voluntary sales for any transaction or series of related transactions amounting to €10,000 or more. The successful bidder and/or their representative, where applicable, undertakes to provide, voluntarily and in good faith, all documents necessary to establish their identity. Depending on the circumstances, the auctioneer may be subject to enhanced due diligence requirements, in which case the successful bidder and/or their representative, where applicable, undertakes to answer any questions necessary to comply with legal obligations. Late payment penalties: Late payment penalties will apply if the sums due are settled after the day following the sale. The rate will be equal to the interest rate applied by the European Central Bank to its most recent refinancing operation plus 10 percentage points. Late payment penalties are payable without the need for a reminder. Any auction invoice remaining unpaid to DOUTREBENTE & ASSOCIES or subject to late payment is liable to be recorded in the TEMIS database.

Warranties: Items are sold as is. The description of the lot as set out in the catalogue or given verbally is merely the Auctioneer’s perception of the lot and does not constitute proof of any fact. Dimensions and weights are given for information only, as are any indications regarding restoration or defects. The absence of any mention of restoration or defects does not guarantee that the item is free from them. Conversely, the mention of certain defects does not imply the absence of any other defects. The published reproductions of the lots are as faithful as possible to the actual items but have no greater contractual value than the description provided in the catalogue; the proportions of the objects may not be accurately represented, and differences in colour or tone are possible. A pre-sale exhibition allows buyers to assess the condition of the items offered for sale; no claims will be accepted once the lot has been sold, even on the basis of the published photographs. Five-year limitation period: Pursuant to Article L321-17 of the Commercial Code: “Civil liability claims arising from appraisals and voluntary or judicial sales of movable property at public auction shall be time-barred five years from the date of the auction or appraisal. Reference to this limitation period must be included in the notice provided for in Article L321-11. Delivery of purchased lots: Lots will only be delivered upon full payment of the price, fees and taxes. In the event of payment by uncertified cheque or bank transfer, delivery of the items will be deferred until the funds have been definitively cleared. The lots awarded shall remain at the risk and expense of the successful bidders from the moment the auction is declared, even if delivery has not yet taken place. DOUTREBENTE & ASSOCIES accepts no liability for handling or storage. DOUTREBENTE & ASSOCIES is not responsible for transport costs after the sale. If it agrees to arrange transport on an exceptional basis, it shall not be held liable in the event of loss, theft or accidents, the responsibility for which remains with the buyer. Collection of purchases: Lots acquired at this auction will be handed over to the buyer by appointment only. To make an appointment, please call 01 42 46 01 05. Insurance: Once the lot has been awarded, it becomes the sole responsibility of the successful bidder. The buyer is responsible for insuring their purchases themselves. DOUTREBENTE & ASSOCIES accepts no liability for any damage the purchased item may sustain, effective from the moment the bid is accepted. Re-auction: In the event of non-payment by the successful bidder, following a formal notice that has remained unheeded, the seller may, within one month of the sale, choose either to re-auction the item due to the successful bidder’s default, or to automatically rescind the sale. In the event of a resale, the defaulting successful bidder shall be required to pay the difference between the price at which they were declared the successful bidder and the final price obtained at the resale. In all cases, the defaulting successful bidder may be liable for damages. Maître Doutrebente reserves the right to set off any amounts due against sums owed by the defaulting successful bidder. Purchase orders and telephone bids: Purchase orders will only be considered if confirmed in writing (using the form at the end of the catalogue), accompanied by a photocopy of the bidder’s identity document and proof of payment, and received at least 24 hours before the start of the sale. DOUTREBENTE & ASSOCIES accepts no liability in the event of failure to execute a purchase order. Bidding by telephone is subject to the same conditions; DOUTREBENTE & ASSOCIES accepts no liability should the connection fail or in the event of an error relating to the receipt of telephone bids. Please note: telephone conversations may be recorded during sales. Right of pre-emption of the French State: The French State has a right of pre-emption over the works sold. This right is exercised immediately after the auction, with the State’s representative then expressing the State’s intention to take the place of the highest bidder and being required to confirm the pre-emption within 15 days. Payment to sellers: Maître Doutrebente shall be required to pay the seller once he has been paid by the successful bidder