TERMS OF PAYMENT, STORAGE AND DELIVERY 1 – COSTS TO BE PAID BY THE BUYER In addition to the hammer price, the buyer shall pay: 25% (including VAT), plus: - 1.8% (including VAT) for purchases made via the interencheres.com website. - resale royalty (where applicable): this applies only to original works by living artists or those who have been deceased for less than 70 years, and only to hammer prices of €750 or more. The rate is 4 per cent from €750 to €50,000, then 3 per cent from €50,001 to €200,000, in accordance with the Decree of 9 May 2007, to which reference should be made for other brackets and any furtherinformation. Once the lot has been awarded, the successful bidder assumes full responsibility for the purchases. It is the responsibility of successful bidders to insure their lots, if necessary, as soon as the lot is awarded. 2 – PAYMENT – CASH payment is required upon receipt of the auction receipt, with preference given to digital payment methods due to COVID • For telephone bidders: As soon as the lot is awarded, the successful bidder must provide their name and address and make payment in cash, either by CREDIT CARD, BANK TRANSFER, BANK CHEQUE or in cash (€1,000 for French private individuals and €15,000 for non-French private individuals). • For buyers attending the live auction: This depends on the total amount of your auction statement, which will be sent to you by email after the sale. - If the total is less than €1,200, unless you provide written instructions to the contrary by email to [email protected], your credit card registered with Interencheres will be debited. If you object, you must pay immediately using one of the other payment methods available to buyers attending the auction in person or by telephone, as listed above. - If the total is more than €1,200, we will send you a 3D Secure link which you simply need to follow to complete the payment. Please note that, in accordance with Article L 441-6 of the French Commercial Code, any delay in payment will result in a penalty calculated at three times the statutory interest rate in force. Furthermore, in the event of debt recovery, each auction lot will be subject to a fixed compensation charge of €40 excluding VAT. Any successful bidder for a lot that remains unpaid to COMPIEGNE ENCHERES SARL or who has been subject toa late payment is liable to be entered in the TEMIS Register (list of persons barred from attending auctions) (see the full terms and conditions of sale). 3 – COLLECTION OF LOTS – STORAGE CHARGES FOR LATE COLLECTIONS Collection will take place by appointment to avoid any waiting time. Successful bidders are advised to collect their lots within one week to avoid any storage and security charges, which will be at their expense at a rate of €6 (excl. VAT) per day per item. 4 - DELIVERY AND SHIPPING OPTIONS AVAILABLE FROM NOW ON – For the dispatch of any items (excluding furniture), we work with MAILBOXES, a specialist in packaging and dispatch. Simply email a request for a quote, along with your item list, to [email protected] or contact them on +33 (0)3 44 22 42 84. THEPACKENGERS 01 76 44 00 90 or [email protected] Sales fees: 25% (including VAT) for voluntary sales and 14.28% (including VAT) for judicial sales