The sale will be conducted on a cash-only basis. In addition to the hammer price, buyers will pay: A voluntary fee of 31 per cent (including VAT). After the sale, lots will be transferred to the post-auction storage facility, except for jewellery and watches, which will be kept in a safe and can be collected by prior appointment at: [email protected] The final bidder will be deemed the successful bidder and responsible for payment. They are required to provide their name and address as soon as the lot is declared sold. Any person bidding undertakes to pay personally and immediately the hammer price plus the buyer’s premium and any taxes or duties that may be payable. If the bidder is acting on behalf of another person, they must present proof of identity, a power of attorney and documents identifying the person they are representing. In the event of default by the person they are representing, they shall remain liable for the full purchase price. Lots will only be released to successful bidders once payment has been received and upon presentation of two forms of identification. Payment may be made: - by card via our secure website at https://https://aponem.com/paiement-en-ligne - by bank card (on-site only) - by bank transfer (see bank details below) - in cash, subject to the legal limits in force: a maximum of €1,000 where the purchaser is tax-resident in France or is acting in the course of a professional activity (French, EU or non-EU resident) and a maximum of €15,000 for a private individual whose tax residence is abroad. If the buyer purchases several lots in the same sale, the limit applies to all these lots combined, including fees. It is specified that the weights and sizes of gemstones in the jewellery are given for information purposes only. Items and jewellery made of gold and silver for which no fineness is specified are deemed to be of first-grade gold and silver and in good condition. Gold, platinum and silver materials will be sold without any guarantee as to purity, fineness or breakage, and those not bearing the hallmarks of the Assay Office must be submitted for inspection by the said Authority or broken up immediately, at the purchasers’ discretion. In all cases, these materials may only be removed after the formalities required by laws and regulations have been completed, and the costs and duties have been paid by the successful bidders, all under their own responsibility. The same shall apply to wines, spirits, alcoholic beverages and all other items or products subject to administrative and tax regulations and levies. The same shall apply to firearms, following examination and inspection in accordance with the legislation and regulations in force and registration in the firearms register. GUARANTEES The descriptions of the lots offered for sale have been drawn up on the basis of scientific and artistic knowledge available at the time of the sale. The auctioneer reserves the right to amend the catalogue descriptions. Such amendments will be announced at the time the lot is presented and recorded in the minutes of the sale. As a pre-auction viewing is held to enable buyers to assess the condition and characteristics of the lots offered for sale, no claims will be accepted once the lot has been sold. Potential buyers are strongly advised to examine any lots in which they may be interested prior to the auction, during our viewings, as photographs on the internet and a brief description cannot replace a visual and tactile examination. Any information provided regarding restoration, damage or incidents affecting the lot is given to facilitate inspection by the potential buyer and remains subject to their personal judgement. With regard to the sale of second-hand items, the absence of any mention of restoration, damage or an incident in the catalogue, reports, labels or verbally does not in any way imply that an item is free from any present, past or repaired defects. Estimates are provided for guidance only and cannot be taken to imply any certainty that the item will be sold at the estimated price or even within the estimated price range. Estimates do not constitute any form of guarantee. The reproductions of the works in the catalogue are as accurate as possible; however, slight variations in colour may occur. Dimensions are given for guidance only. Claims for civil liability arising from valuations and voluntary or judicial sales of movable property at public auction are subject to a limitation period of five years from the date of the award or valuation. (Article L 321-17 of the Commercial Code) AUCTIONS The order of the catalogue will be followed. The auctioneer may divide or combine lots if he deems it necessary. APONEM conducts and organises the auctions in the most appropriate manner, in accordance with established practice. The auctioneer alone sets the ‘bidding increments’ and reserves the right, at his or her discretion, to refuse any bid deemed inappropriate Subject to the decision of the auctioneer, the successful bidder shall be the person who has made the highest bid, provided that it is equal to or higher than the reserve price. The fall of the auctioneer’s hammer shall mark the end of the bidding, and the pronouncement of the word ‘Sold’ or any equivalent shall result in the formation of a contract of sale between the seller and the successful bidder. In the event that two persons have made identical bids, whether verbally, by gesture or by telephone, and both claim the right to the lot after the fall of the hammer, the lot will be immediately put up for sale again at the price offered by the last bidders, and all members of the public present may submit new bids. The successful bidder may only take delivery of the lot once the full price, costs and taxes have been paid.

PURCHASE ORDER If you wish to submit a written bid, you may use the form available on request from the auction house. This must be received by us no later than two days before the sale, accompanied by your bank details and proof of identity. If a bid made in the auction room is for the same amount as your order, priority will be given to the bid in the auction room. In the event that several purchase orders are for the same amount on the same lot, only the first such order received by the OVV* will be taken into account. TELEPHONE BIDDING If you wish to bid by telephone, please submit a written request using the form available on request from the auction house, accompanied by your bank details and proof of identity, no later than two days before the sale. The OVV* cannot be held liable should you not be reachable by telephone at the time of the sale, for whatever reason. No telephone bids will be accepted for lots with a low estimate of less than €200. Requesting a telephone line implies that the bidder agrees to purchase the lot at the low estimate. COLLECTION OF PURCHASES The lot will only be released to the buyer upon full and irrevocable payment of the price, fees and taxes, following an appointment made with the auction house. Once the lot has been awarded, the item will be the sole responsibility of the successful bidder. The successful bidder is responsible for insuring their purchases, and OVV* accepts no liability for any damage the item may sustain, with effect from the moment the lot is awarded. The export licence procedure may take between five and ten weeks; this timeframe may be significantly reduced depending on how promptly the purchaser provides their instructions to the auction house. In the event of non-payment by the successful bidder, following a formal notice which has remained unheeded, the item shall be put up for sale again at the seller’s request on the basis of a void auction following the defaulting successful bidder’s failure to pay; if the seller does not make such a request within one month of the award, the sale shall be automatically rescinded, without prejudice to any damages owed by the defaulting successful bidder. Furthermore, APONEM and SELARL DUMEYNIOU FAVREAU reserve the right to claim from the defaulting successful bidder: - reimbursement of the additional costs incurred as a result of their default, - payment of the difference between the initial hammer price and the price achieved in the re-auction, if lower, as well as the costs incurred by the re-auction. APONEM reserves the right to exclude from its future sales any successful bidder who has failed to fulfil their obligations or who has not complied with these general terms and conditions of purchase. STORAGE Following the sale, lots are transferred to the post-auction storage facility, with the exception of gold jewellery, which is kept in a safe and may be collected by prior appointment ([email protected]). Successful bidders are advised to collect their lots as soon as possible, having made an appointment. If a return to the auction house is requested, the buyer will be liable for return transport costs. Storage is provided free of charge for a period of 7 days from the date of the sale. Beyond this period, storage fees will be payable. Any week commenced is chargeable. The weekly storage charges are €7 (excl. VAT) per item and piece of equipment, €14 (excl. VAT) per painting, and €21 (excl. VAT) per piece of furniture and pallet. If lots are not collected by the buyer and the storage charges exceed the hammer price, the auctioneer is expressly authorised to put them up for sale again; the buyer hereby authorises the auctioneer to do so. The lots put up for sale again are those described in the invoice. The sale will take place without a reserve price and subject to a seller’s commission of 18% including VAT. The auctioneer is expressly authorised to deduct from this sale price the amount, up to the full amount, of the ‘seller’s fees’ and the storage costs, with the balance accruing to the owner, in this case the seller. Storage does not entail any liability on the part of the OVV* or the valuer in any respect whatsoever. Storage charges apply only to sales where the items are physically on display, unless otherwise stated in the sale notice. For off-site sales, collection must take place immediately; otherwise, the items shall be deemed abandoned. No refund will be made. In the case of an auction at the Hôtel Drouot, no items will be returned to the auction house. They will be handled by the Hôtel Drouot storage facility. It is the buyer’s responsibility to enquire about rates and collection arrangements. EXPORT FROM FRENCH TERRITORY The export of a lot from France may be subject to administrative authorisation. Obtaining the relevant document is the sole responsibility of the successful bidder for the lot to which this provision applies. Any delay or refusal by the authorities to issue the necessary export documents shall not constitute grounds for cancelling the sale, delaying payment or rescinding the contract. Should our Company be asked by the buyer or their representative to submit these applications for export, all costs incurred shall be borne entirely by the applicant. For ivory items, APONEM and SELARL DUMEYNIOU FAVREAU will have complied with the legal requirements for auctioning in France. It is the responsibility of any purchaser wishing to export such an item outside the European Union to comply with the rules in force in accordance with the Decree of 7 May 2017. EXPORT PASSPORT Unless otherwise specified, the items offered for sale do not have an export passport for cultural property. Consequently, it is the responsibility of the successful bidders to complete all the necessary formalities for export. Under no circumstances may the sale be cancelled if export cannot take place due to the absence of an export passport. EXPORT AFTER THE SALE A buyer exporting outside the European Union will be refunded the VAT upon presentation of the customs export document within one month; a buyer exporting within the European Union will be exempt from VAT upon presentation of their intra-Community VAT number and proof of crossing the border. As the authorised auctioneer, by virtue of their status, acts as an agent on behalf of the seller, it is the seller of the taxable item who is solely responsible for declaring and paying VAT to the relevant tax authorities. The authorised auctioneer who issues the invoice cannot be held liable for tax matters unless they fail to report to the seller or include incorrect or fraudulent information on the report, the invoice or any document serving as such. RIGHT OF PRE-EMPTION BY THE FRENCH STATE In certain cases defined by law, the French State has a right of pre-emption over works sold at public auction. In such cases, the French State takes the place of the highest bidder, provided that the declaration of pre-emption made by the State’s representative in the auction room is confirmed within fifteen days of the sale. APONEM cannot be held liable for any such right of pre-emption or for the French State’s failure to confirm it. LIVE Any person may attend and/or participate in the online sale in accordance with the terms and conditions set out on the website https://drouot.com Such persons must refer to the specific terms and conditions governing these services, in particular with regard to the surcharge. - For https://drouot.com • For voluntary lots, a surcharge of 1.5 per cent (excluding VAT) of the hammer price (i.e. +1.8 per cent including VAT). SHIPPING COSTS All requests for the dispatch of lots must be made via the following service provider: The buyer must not use any other transport companies. In such cases, a written authorisation must be provided to the auction house APONEM and SELARL DUMEYNIOU FAVREAU authorising their carrier to collect the items on their behalf. The carrier is responsible for packaging the items. The items may only be handed over to this carrier once the invoice has been paid in full. * OVV = APONEM Voluntary Auctions Operator