PAYMENT OF THE SALE PRICE
The public auction is conducted on a cash-only basis and the Successful Bidder must pay the Sale Price immediately after the auction, regardless of whether they intend to remove their Lot from French territory (see below ‘Removal from French territory’).
The Successful Bidder must personally pay the Sale Price and, in particular, where payment is made from a bank account, must be the account holder.
For any payment of an invoice exceeding €10,000, the successful bidder will be required to provide proof of the origin of the funds in accordance with Article L.561-5, 14° of the Monetary and Financial Code.
Payment may be made as follows:
• in cash, for debts (as per the invoice) totalling €1,000 or less where the debtor is resident for tax purposes in France or is acting in the course of a professional activity, and for debts totalling €15,000 or less where the debtor can prove that they are not resident for tax purposes within the territory of the French Republic and are not acting in the course of a professional activity. No split payments—part in cash up to the limit and the balance by another payment method—will be accepted.
• by bank or postal cheque, with the compulsory presentation of a valid identity document (issuance deferred for up to twenty days from the date of payment; foreign cheques are not accepted);
• by credit card (Visa or MasterCard);
• by bank transfer in euros, using the following details:
ACCOUNT NAME: NEUFLIZE OBC
3, avenue Hoche - 75008 Paris
IBAN FR76 3078 8009 0002 0609 7000 469
BIC NSMBFRPPXXX
• by online payment: https://www.millon.com/a-propos/payer-en-ligne/paris;
Successful bidders who have bid via the ‘www.interencheres.com’ live platform will be charged to the bank card registered at the time of their registration for lots under €1,200 within 48 hours of the end of the auction, unless otherwise stated.
In the event of the purchase of several lots, unless otherwise specified by the buyer at the time of partial payment, the buyer waives the benefit of Article 1342-10 of the Civil Code and authorises Millon to allocate their partial payment towards their various outstanding purchase prices, in the interests of the parties and to ensure the effective completion of all contracts of sale.
LATE PAYMENT
Any payment made more than 30 days after the Auction will incur late payment penalties equal to three times the statutory interest rate, as well as a fixed compensation of €40 for recovery costs.
Millon is a subscriber to the TEMIS service, which enables the consultation and updating of the register of restrictions on access to auctions (‘TEMIS Register’) operated by the company Commissaires-Priseurs Multimédia (CPM), S.A., whose registered office is situated at (75009) Paris, 37 rue de Châteaudun (RCS Paris 437 868 425).
Any Sale Price that remains unpaid to Millon or for which payment is overdue may be recorded in the TEMIS register
For further information, please consult the TEMIS data protection policy: https://temis.auction/statics/politique-protection-dp-temis.pdf
FAILURE TO PAY
In the event of non-payment, where the sale is rescinded or the item resold following a repeat auction in accordance with the provisions of Article L.321-14 of the Commercial Code, the defaulting Successful Bidder shall pay Millon a lump-sum compensation equal to the amount of theauction commission owed by them, plus late payment penalties equal to three times the statutory interest rate from the 31st day following the sale, as well as a fixed compensation fee of €40 to cover recovery costs.
In the event of non-payment, where the item is resold following a re-auction in accordance with the provisions of Article L.321-14 of the Commercial Code, the defaulting successful bidder shall also be required to pay to Millon, acting on behalf of the seller, the difference between the first Hammer Price and the second Hammer Price, if the latter is lower than the former, without prejudice to any damages that may be due to the Seller and to Millon.
Millon also reserves the right to set off any amounts owed by the defaulting successful bidder or to cash the deposit cheques.
See original version (French)
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