The sale is governed by Article L312-4 of the Commercial Code. The auction house SVV Thierry de Maigret acts as the agent of the seller, and its relationship with bidders is set out in these terms and conditions of sale. Items offered for sale: The descriptions given in the catalogue are the responsibility of the auction house and the experts who assist it, subject to any corrections announced at the time of the item’s presentation and recorded in the auction minutes. Re-lining, re-parquetry or re-lining are considered to be conservation measures and not defects; dimensions, weights and estimates are indicative. A pre-sale viewing enables buyers to assess the condition of the items offered for sale. No claims will be accepted once the lot has been awarded. The SVV is at your disposal for any enquiries, and invites all interested parties to find out more about the lots. An asterisk * before the lot number indicates that this number belongs to a person working for the auction house. Auctions: The successful bidder will be the highest and final bidder, and will be required to provide their name and address, along with proof of identity and bank details. All bidders are deemed to be bidding on their own behalf and are solely responsible for their bids. If a bidder is bidding on behalf of a third party, they must disclose that person’s identity in advance, so that the invoice can be drawn up correctly. No changes may be made after the sale. In the event of a double bid recognised as valid by the auctioneer, the lot shall be immediately put up for auction again, and any interested party shall be invited to participate in the auction once more. The auctioneer and the experts reserve the right, in the interests of the sale, to combine, divide or withdraw any lot from the sale. Purchase order: The auction house may execute any purchase order free of charge. Requests must be made in writing, 24 hours before the auction, using the duly completed form and accompanied by a cheque or bank details. SVV Thierry de MAIGRET will act on behalf of the bidder, in accordance with the instructions specified on this form, with the aim of purchasing the lot in question at the lowest possible price, without exceeding the maximum amount indicated. In the event of bids in the auction room for the same amount, the bidder present in the room will have priority. Telephone bids are accepted for lots with a low estimate of over €300. We recommend that you specify a back-up purchase order which we can execute on your behalf in the event that we are unable to contact you. The Auction House shall not be held liable for failing to execute a bid due to error, omission, a telephone fault or any other cause. Payment of the purchase price: The sale is conducted in euros and is expressly payable in cash. The successful bidder must pay, in addition to the hammer price, the statutory auction fees and charges of 28.80% including VAT (24% excluding VAT + 20% VAT) for the entire sale No lot will be handed over to the purchaser until full payment has been made of all sums due. Methods of payment: - by cheque, which must be accompanied by proof of identity; only the cashing of an uncertified cheque constitutes payment and transfer of title. Cheques drawn on a foreign bank will only be authorised with the prior consent of the Auction House. To this end, buyers are advised to obtain, prior to the sale, a letter of credit from their bank for an amount approximating their intended purchase, which they must forward to the Auction House. - in cash, subject to a limit of €1,000 (including taxes and fees) for French resident private individuals and professionals, and €15,000 for foreign private individuals, subject to proof of their identity, the source of the funds and their declaration of the sums to the customs authorities, Decree No. 2010-662 of 16 June 2010. - by bank transfer, quoting the payment reference number - by Visa and MasterCard VAT: VAT included in the margin may be refunded to buyers who are non-residents of the European Union upon submission to the SVV of the export customs document, copy No. 3, endorsed by customs, within two months of the sale. No invoice excluding VAT will be issued without official proof of export; the intra-Community VAT number alone is not sufficient. Non-payment: Payment by a cheque without sufficient funds or failure to pay does not render the Auction House liable and consequently releases it from its obligation to pay the seller. Upon expiry of a one-month period following formal notice being served on the purchaser by registered letter with acknowledgement of receipt at the purchaser’s expense, and in the absence of payment of the sum due, an additional fee of 10 per cent of the hammer price, subject to a minimum of €300, shall be charged to the purchaser to cover recovery costs. The application of this provision does not preclude the award of damages and costs of any necessary proceedings, nor does it prejudice the possible initiation of proceedings for a void auction. Failed bid: in the event of non-payment by the successful bidder, the property shall be put up for sale again at the seller’s request on the grounds of a failed bid by the defaulting successful bidder: if the seller does not make this request within one month from the date of the auction, the sale shall be automatically rescinded, without prejudice to any claim for damages. Interest shall be payable by the defaulting successful bidder. Collection of lots: No lot shall be released until all sums due have been paid in full. In the event of payment by an uncertified cheque, the collection of items may be deferred until the cheque has cleared. Bulky lots awarded at auction which have not been collected by 10.00 am on the day following the auction in the auction room will be stored in the auction house’s ; they remain the sole responsibility of the successful bidder. Storage fees payable by the purchaser must be settled at the hotel’s storage facility before collection of the lots and upon presentation of the paid receipt. Small items may be held at the auction house for 15 days after the sale; thereafter, a storage charge of 3 euros per day per item will be levied. Export of lots: The export of lots may be subject subject to the obtaining of authorisations, for which the buyer is responsible. The granting, refusal or delays in obtaining authorisations may not affect the payment deadline nor constitute grounds for cancelling the sale. Right of pre-emption: The French State has a right of pre-emption over the works sold, by making a declaration to the auctioneer as soon as the hammer falls. The State has a period of 15 days to confirm the exercise of this right. In this case, it takes the place of the highest bidder. Right of access: The right of access is the right recognised for any person to ask the data controller whether they hold any information about them, and, if so, to obtain a copy of that information. See section 32 of the Act and the model information notices in the guidance note.