General terms and conditions of sale
CONDITIONS AND INFORMATION PRINCIPALLY
FOR BUYERS
All property is being offered under French Law and the conditions printed in this volume. lt is important that you read the following pages carefully.
The following pages give you as well useful information on how to buy at auction. Our staff is at your disposal to assist you.
BUYER'S PREMIUM
The purchase price will be the sum of the final bid plus a buyer's premium 25% inc. taxes).
Live Auction : an additional buyer's premium of 3% ex. taxes (3,59 inc. taxes) will be charged by Kapandji Morhange to this buyer's premium
VAT RULES
Non-European buyers may have all VAT invoiced refunded to them if they request so in writing to the accounting department within delay of 3 months of the date of sale, and if they provide with the third sample of the customs documentation (DAU) stamped by customs. must appear as shipper on the export document and the buyer as the consignee. The exportation has to be done within the legal delays and a maximum of 3 months of the date of sale.
1 - BEFORE THE AUCTION
Pre-sale estimates
The pre-sale estimate are intended as a guide for prospective buyers. Any bid between the high and the low pre-sale estimates offers a fair chance of success.
lt is always advisable to consult us nearer the time of sales as estimates can be subject to revision.
Condition of Iots
Solely as a convenance, we may provide condition reports. All the property is sold in the condition in which they were offered for sale with all their imperfections and defects.
No claim can be accepted for minor restoration or small damages.
lt is the responsability of the prospective bidders to inspect each lot prior to the sale and to satisfy themselves that each lot corresponds with its description. Given that the re-lining, frames and finings constitute protective measures and not defects, they will not be noted. Any measurements provided are only approximate.
All prospective buyers shall have the opportunity to inspect each object for sale during the presale exhibition in order to satisfy themselves as to characteristics, size as well as any necessary repairs or restoration.
Sale preview
Pre-auctions viewings are open to the public free of charge. is concerned for your safety while on our premises and we endeavour to display items safely so far as is reasonably practicable, Nevertheless, should you handle any items on view at our premises, you do so at you own risk.
2 - BIDDING IN THE SALE
Bids may be executed in person by paddle during the auction or by telephone, or by third person who will transmit the orders in writing or by telephone prior to the sale. The auctions will be conducted in euros. A currency converter wili be operated in the salesroom for your convenience but, as errors may occur, you should not rely upon it as substituts for bidding in euros.
Bidding in Person
To bid in person at the auction, you will need to register for and collect a numbered paddle before the auction begins. Proof of identity will be required.
If you wish to bid on a lot, please indicate clearly that you are bidding by raising you paddle and attracting the attention of the auctioneer. Should you be the successful buyers of any lot, please ensure that the auctioneer can see your paddle and that it is your number that is called out.
Should there be any doubts as to price or buyer, please draw the auctioneer's attention to it immediately.
We will invoice all lots sold to the name and address in which the paddle has been registered and invoices cannot be transferred to other names and addresses.
In the event of loss of your paddle, please inform the sales clerk immediately.
At the end of the sale, please return your paddle to the registration desk.
Bidding as principal
If you make a bid at auction, you do as principal and we may held you personally and solely liable for that bid unless it has been previously agreed that you do so on behalf of an identified and acceptable third party and you have produced a valid power of attorney acceptable to us.
Absentee bids
If you cannot attend the auction, we will pleased to execute written bids on your behalf. A bidding form can be found at the back of this catalogue. This service is free and confidential.
Lots will be bought as cheaply as is consistent with other bide and the reserves. In the event of identical bids, the earliest bid received will take precedence. Always indicate a top limit
- the hammer price to which you would stop bidding if you were attending the auction yourself
Buy and unlimited bids will not be accepted.
Orders shall be made in euro.
Written orders may be
- sent by e-mail at
[email protected]
- sent by fax to the following number: Tél : 01 48 24 26 10 - Fax : 01 48 24 26 11
- hand delivered to staff on the premises
- sent by post to the offices of.
You may also bid by telephone. Telephone bids must be confirmed before the auction by letter, fax or e-mail. These as well as written bids must be received 24 hours before the auction so that we can guarantee satisfaction.
Bidding by telephone
If you cannot attend the auction, it is possible to bid on the telephone. As the number of telephone lines is limited, it is necessary to make arrangements for this service 24 hours before the sale.
We also suggest that you leave a covering bid which we can execute on your behalf in the event we are unable to reach you by telephone. Kapandji Morhange Fontainebleau staff are available to execute bids for you in English.
3 - AT THE Auction
Conditions of sale
As indicated above, the auction is governed by the conditions printed in this catalogue. Anyone considering bidding in the auction should read them carefully. They may be amended by way of notices posted in the salesroom or by way of announcement made by the auctioneer.
Access to the lots during the sale
For security reasons, prospective bidders will not be able to view the lots whilst the auction is taking place.
Auctioning
The auctioneer may commence and advance the bidding at levels he considers appropriate and is entitled to place consecutive and responsive bids on behalf of the vendor until the reserve price is achieved.
4 - AFTER THE AUCTiON
Results
If you would like to know the result of any absentee bids which you may have instructed us to place on your behalf, please contact:
- Tél : 01 48 24 26 10 - Fax : 01 48 24 26 11
or:
[email protected]
Payment
Payment is due immediatly after the sale and may be made by the following method:
- checks in euro
- cash within the following limits:
- 3.000 euros for trade clients
- 3.000 euros for French private clients
- 15.000 euros for foreign tax nationals (non trade)
- credit cards VISA and MASTERCARD
- Bank transfers
