The auction will be conducted in euros and payment will be due immediately.
In addition to the hammer price, buyers will pay the following premium : up to 150 000 €, 30% (incl. VAT) of the hammer price (25% premium + 20% VAT on premium), between 150 000 € to 500 000 €, 25,8% (incl. VAT) of the hammer price (21.5% premium + 20% VAT on premium) and above 500 000 € : 21,6% (incl. VAT) of the hammer price (18% premium + 20% VAT on premium).
For books : up to 150 000 € : 26,37% (incl. VAT) of the hammer price (25% premium + 5,5% VAT on premium), from 150 000 € to 500 000 € : 22,68% (incl. VAT) of the hammer price (21,5% premium + 5,5% VAT on premium) and above 500 000 € : 18,99% (incl. VAT) of the hammer price (18% premium + 5,5% VAT on premium).
This calculation applies to each lot per tranche.
Payment is due immediately after the sale. This rule applies even if the buyer wishes to export the lot and an export license is, or may be, required. Payment must be made by wire transfer and in Euros. As a courtesy we accept payment by Visa, MasterCard as well as Amex (with additional fees of 2.75%). In cash and in Euros up to 1 000 euros (incl. fees and taxes) for French private residents and up to 15 000 euros (incl. fees and taxes) for foreign residents. The auction operating officer is adherent to the Registre Central de prévention des impayés des Commissaires Priseurs (Auctioneers Central Registry to prevent overdue payments) to which payment incidents may be addressed. Rights of access, rectification and opposition on legitimate grounds can be exercised by the debtor involved by addressing to Symey 15 rue Freycinet 75016 Paris.
IMPORTANT NOTICE :
Concerning lots sold by foreign resident sellers, buyer will pay a 5.5% VAT in addition to the hammer price (lots marked with #) plus legal fees (VAT may be reclaimed upon proof of export outside the EU within a maximum one month period). In accordance with the provisions of Article 321 - 4 of the Commercial Code, the asterisk (*) marking some lots indicates that they are owned by an associate of Pierre Bergé & Associates.
WARRANTY
In accordance with the law, the auctioneer is legally responsible for the contents of the catalogue, subject to any adjustment announced during the presentation of the lot and duly noted in the official sale record. Condition reports describing damage, imperfection or restoration are done to facilitate the prospection and shall remain subject to the discretion of personal examination by the buyer or his representative. The absence of such reference in the catalogue does not imply that an object is exempt from any defect or restoration. The pre - sale exhibition allows prospective buyers to inspect property and therefore, no claim will be registered regarding usual restorations and small accidents.
BIDDINGS
The sale will follow the lot numbers according to the catalogue. PBA has discretion to set the increment of the bids and all bidders must comply with this. The highest and final bidder will be the buyer. In case of a double bidding declared by the auctioneer, the lot will be immediately reoffered for sale and all present prospective buyers will be able to bid a second time. At the striking of the hammer, risk and responsibility for the lot passes to the buyer. He is therefore responsible for insuring his lots as soon as the auction is final.
REMOVAL OF PURCHASES
From the moment the hammer falls, sold items will be under the sole of the buyer. The buyer will be solely responsible of insuring his objects, and Pierre Bergé & associés declines all liability for any damage that may occur to the sold items after they have been under hammer. All transport procedures, including import / export formalities rely entirely on the buyer.
The object will be located at:
Pierre Bergé & associés
92 avenue d’Iéna 75116 Paris
Tél :
Email : accueil@pba-auctions.com
PRE-EMPTION
In certain cases, the French State may exercise its pre - emptive right on works of art put up for sale, in accordance with the provisions of the Article 37 of the Law of December 31, 1921, amended by section 59 of the Law of July 10, 2000. State then replaces the last bidder. In such cases, the representative of the State must express its intention after the striking of the hammer to the company authorized to organize the public auction or private sale. The pre - emption decision must then be confirmed within fifteen days. Pierre Bergé & Associates will not assume any liability for administrative decisions of pre-emption.
