The sale is governed by Article L312-4 of the Commercial Code. SVV Thierry de Maigret, the auctioneer, acts as the seller’s agent, and its relationship with bidders are set out in these terms and conditions of sale. Items offered for sale: The information contained in the catalogue is the responsibility of the auction house and the experts assisting them, subject to any corrections announced at the time of the item’s presentation and recorded in the sale minutes. Re-canvassing, re-parquetry or re-lining are regarded as a precautionary measure and not as a defect; dimensions, weights and estimates are indicative. A pre-sale exhibition 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. Auctions: The successful bidder will be the highest bidder and the last person to bid, 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 the bid. 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 tied bid recognised as valid by the auctioneer, the lot will be put back up for auction immediately, and any interested party will be invited to bid again. The auctioneer and the experts reserve the right, in the interests of the sale, to combine, split or withdraw any lot from the sale. Buy-in orders: The auction house may execute execute any bid 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 attempting to purchase 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 safety bid which we may execute on your behalf should we be unable to contact you. The Auction House shall not be liable for failing to execute a purchase order due to error, omission, a telephone fault or any other cause. To bid by telephone or online, a deposit may be required by the Auction House. Payment of the purchase price: The sale is conducted in euros and is strictly on a cash-only basis. The successful bidder must pay, in addition to the hammer price, taxes and auction fees totalling 28.8% including VAT (24% excluding VAT + 20% VAT). No lot will be handed over to the purchaser until all sums due have been paid in full. Methods of payment: - by cheque, which must be accompanied by proof of identity; only upon clearance of an uncertified cheque shall payment be deemed to have been made and title transferred. Cheques drawn on a foreign bank will only be accepted with the prior consent of the Auction House. To this end, buyers 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 or MasterCard VAT: The VAT included in the margin may be refunded to buyers who are non-residents of the European Union upon submitting the customs export document, copy No. 3, stamped by customs, to the SVV within two months of the sale. No VAT-exclusive invoice will be issued without official proof of export; an intra-Community VAT number alone is not sufficient. Failure to pay: Payment by a cheque without sufficient funds or failure to pay shall not give rise to any liability on the part of the Auction House and shall consequently release it from any 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 event of non-payment of the sum due, an charged to the purchaser, to cover the costs of debt recovery, an additional fee of 10 per cent of the auction price, subject to a minimum of €300. The application of this provision does not preclude the award of damages and the costs of any proceedings that may be necessary, nor does it prejudge the possible initiation of the ‘folle enchère’ procedure. ‘Folle enchère’: in the event of non-payment by the successful bidder, the property is put up for sale again at the seller’s request under the ‘folle enchère’ by the defaulting successful bidder: if the seller does not make such a request within one month of the auction, the sale is automatically rescinded, without prejudice to any claim for damages. Interest payable by the defaulting successful bidder. Collection of lots: No lot will be released until all sums due have been paid in full. In the event of payment by an , collection of the items may be deferred until the cheque has cleared. Bulky lots awarded at auction which have not been collected from Drouot by 10.00 am in the auction room, will be stored at the Hôtel Drouot’s storage facility; they remain the sole responsibility of the successful bidder. Storage charges payable by the purchaser must be settled at the Hôtel Drouot storage facility before collection of the lots and upon presentation of the paid receipt. Small items may be kept at the auction house for 15 days following the sale; after this period, a storage charge of 3 euros per day per item will be charged. Right of pre-emption: The French State has a right of pre-emption over the works sold, which must be declared to the auctioneer as soon as the lot is declared sold. 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 enquire of the data controller as to whether they hold information about them, and, if so, to access to it. See section 32 of the Act and model information notices in the guidance note. The sealing of scrap yards is regarded as a precautionary measure.