Contract: SVV GIAFFERI is a company operating in the voluntary sales of movables by public auction governed by the law of 10 July 2000.
Sales are subject to the terms described in this catalogue and it is important that the terms of sale are read carefully.
The terms may be amended at any time by any posted notices or oral announcements during the sale by the person authorized to direct the sale or by the expert.
SVV GIAFFERI acts as agent of the seller and exclusively on behalf of the seller. Any contract of sale is concluded directly between seller and buyer.
The sale will be settled entirely upfront and conducted in Euros. A currency converter will be installed.
SVV GIAFFERI shall not be held liable for any conversion errors that might occur on the conversion screen.
In addition to the contract price, the buyer will pay a purchase fee of 22% before tax (+ VAT rates, i.e. 26.31% inclusive) + 3% internet fee per lot.
Payment: Payment for purchases as well as that of any taxes applicable there to shall be made in Euros in the following ways:
In cash: up to 3000 € fees and taxes included for French nationals, up to 15000 € fees and taxes included for foreign nationals on presentation
of a document establishing with certainty their actual residence.
By bank check or wire transfer
By credit card.
In the event that the buyer fails to pay the full price within 30 days after the sale, SVV GIAFFERI will comply with instructions from the
seller and assist wherever possible in the execution of his instructions, or more particularly the recovery of the purchase price or cancellation
of the sale.
In the event of non-payment of the bid and of the associated costs, a notice will be sent to the buyer by registered letter with acknowledgment
of receipt. At the expiry of one month after notice and failure to pay the amount due, the buyer will additionally have to pay the recovery
costs and an additional fee of 10% at a minimum of 250 €. The application of this clause shall not preclude the allocation of damages and
reimbursement of litigation costs and fees required.
Shipping: No lot will be released to the buyer before full payment of the purchase price, fees and VAT has been made. When paying by check or wire transfer, the release of the lot will be postponed until the receipt of the amount on SVV GIAFFERI's account.
The lot will be the sole responsibility of the buyer as soon as the bidding is closed. It is the responsibility of the successful bidder to insure the lot from the auction.
SVV GIAFFERI disclaims all liability for damages that the lot might incur.
The ivory lots are made of ivory of Elephantidae spp.
They are therefore subject to regulation (CITES) and in view of their oldness they could benefit of exception rule of EC Regulation 338/97, in Article 2.
The specimens listed in Appendix I / A are called pre-Convention specimens was earlier and more precisely since 1947 and worked extensively modified.
The parameters outlined above allow the commercial use of these specimens within the EU.
However to an exit from the EU CITES export a pre-convention is needed to comply with the Act.
These administrative procedures will be made by the purchaser to the DREAL organization.
Premium: In addition to the "hammer price," the buyer must pay the auction house a buyer's premium and any applicable taxes as follows:
-Buyer's Premium : 22 % excl. tax
-VAT shall be charged at the rate of 19.6% (5.5% for books).
-Items originating from a country outside the European Union. In addition to the regular buyer's premium, an import tax of 5.5 % will be charged to the buyer. In addition to the regular buyer's premium, an import tax of 19.6% will be charged to the buyer.
-Internet Fee: The buyer must pay SVV GIAFFERI, in addition to the "hammer price", an Internet commission of3%.
VAT and taxes: VAT
Non- European Union buyers may have all VAT and import tax refunded upon presentation of customs documents confirming that their property has been exported outside the EU.
Trade buyers from other EU countries may have all VAT refunded if they provide SVV GIAFFERI with their VAT registration number and proof that their property has been shipped to another EU country.
The full amount due must be paid immediately after the sale, even if the buyer wishes to apply for an export license.
The buyer must pay SVV GIAFFERI, in addition to the "hammer price", an Internet commission of3%.
Condition Reports: Condition reports are prepared upon request.
View full terms and conditions
Potential buyers will be given the opportunity to examine the lots of interest during the exhibition.
Prospective buyers should inspect the state and quality of each lot for defects, restorations and its value during the exhibition.
All lots are sold 'as is' including any imperfections and flaws.
No claim will be accepted for restorations, repairs, loss or accidents.
The information provided by SVV GIAFFERI or the expert as to the existence of a restoration or an accident will be reported to facilitate the examination of the lot which is subject to their personal feeling.
The mention of any fault does not imply the absence of any other fault.
The descriptions of lots are taken from the catalogue and any verbal statement or announcement made is SVV GIAFFERI's perception of the lot.