Important notices
STATEMENT OF CONDITION
Antiquorum and Accademia Fine Art provides descriptions of watches, clocks and jewelry and their condition in this catalogue as a service to prospective buyers.
Any such description or condition are statements of opinion for general guidance and should not be treated as statements of fact. All lots are sold “AS IS” at the moment of “knockdown” and cannot be returned on the grounds that repairs have been made or parts supplied by anyone than the named makers.
All watches and jewelry shall be viewed personally to evaluate their condition prior to the auction. Although we endeavor to mention in our descriptions significant defects, needed repairs, absent stones and the like, we do not guarantee that the descriptions are comprehensive.
Please note that descriptions may not specify all mechanical and technical defects, replacement of original parts, or authenticity of individual component parts (such as wheels, hands, crowns, crystals, screws, bracelets, buckles, deployant clasps and leather bands since subsequent repairs and restoration work may have resulted without Antiquorum’s knowledge.)
Furthermore, we make no judgments as to whether diamond dials, diamond bezels, diamonds and precious stones originated at the factory or are later additions.
We do not guarantee the accuracy or operation of any watch function such as timekeeping, chronograph, calendar, repeat or register. Buyers are advised that boxes, certificates or any other accessories are not available unless stated otherwise. The dimensions given in the catalogue descriptions are overall tip-to-tip and most often include the lugs. The weight is provided ‘GROSS’ (the entire watch with the bracelet).
Buyers of water-resistant and waterproof watches are strongly encouraged to have such watches inspected by a competent watchmaker of their choice upon purchase since these watches have been opened by the Antiquorum watch experts during cataloging. Watches and jewelry may not be taken apart whilst on view without consent of Antiquorum’s watch experts.
Antiquorum and Accademia Fine Art will accept requests for condition reports with additional photographs via email at accademia@accademiafineart.com
To best accommodate any requests, please submit all inquiries no later than two days prior to the sale date. Kindly limit the number of requests to the lots of serious interest. Antiquorum and Accademia Fine Art shall have no responsibility for any error or omission in the condition reports and may not specify all mechanical and technical replacements, imperfections, repairs, restorations or the effects of aging in the movement, case or dial.
• Antiquorum and Accademia Fine Art now takes credit cards as payment for lots won at auction (Master Card, Visa, Amex). Additional charge will apply : depending on the card used between 1,8 and 2,59%.
• For buyers having paid by credit card, a shipping delay of 3 to 7 working days may apply in order to do additional controls.
IMPORT/EXPORT
RESTRICTIONS TAXES
Buyers are advised that Antiquorum and Accademia Fine Art will remove bands made of materials derived from endangered or otherwise protected species (i.e alligator, caiman, lizard, snake…) prior to shipping lots abroad.
Buyers are responsible for compliance with any applicable export and import regulations. Moreover certain items made of tortoiseshell, ivory, coral may be subject to importation restrictions in certain countries.
Please consult your local customs authority for information on importing items made of these materials. The Buyer is responsible for the payment of all applicable import and export duties and taxes related to the lots purchased.
Buyers are advised that lots from outside the UE : (identified by an*) are submitted to commissions and taxes :
• If the lot is delivered within the EU : a 20% import VAT is due on the hammer price with buyer’s premium, plus 120€ for termination of temporary export, at buyer’s expense.
• If the lot is delivered outside EU : 120€ for termination of temporary export is due, at buyer’s expense.
In accordance with the current legislation, lots of 50 years or older, with a value of 50’000 EUR or more (identified by an **), will require an export license and/ or an export passport, for which will apply on your behalf to the French Ministry of Culture. Note, it may take 1 to 3 month(s) to obtain this license or passport. Antiquorum (Antiquorum Genève SA, Antiquorum Auctioneer HK Ltd, Accademia Fine Art, Antiquorum Paris, Antiquorum Auctioneer SRL) cannot be held responsible for any delays in the application process.
SHIPPING AND INSURANCE
Winning lots (watches and jewelry only) will be available for pick up at our Monaco office for buyers having selected the collect point Monaco, at Paris and Milan and at our hong Kong office for buyers having selected the collect point Paris, Milan or Hong Kong. All others will be shipped directly to their location as per buyer’s instructions.
Please note that buyers are responsible for all shipping fees and any other applicable fees including value added tax, customs duties… for importation to their respective countries.
In addition, purchases items will no longer be available for pick-up at Antiquorum USA, Inc. nor Antiquorum Genève SA.
BUYER’S PREMIUM WATCH AND JEWELS
BUYER’S PREMIUM – WATCHES AND JEWELS
In addition to the hammer price, the
buyer’s premiumis payable as follows :
– 31,2 % including VAT
(26 % excluding VAT) until € 1,000,000
– 25,2 % including VAT
(21% excluding VAT) from € 1,000,001
to € 5, 000, 000
– 16,2 % including VAT
(13,5 % excluding VAT) for all amounts
in excess of € 5,000,001.
EXTRA FEES
For users of Invaluable
bidding plat form, extra fees (5 % of
the hammer pr ice) will be charged.
For users of Antiquorum bidding
platform, there won’t be any extra fees.
EXTRACT FROM THE ARCHIVES
If an official document issued by the
manufacturer, such as an extract from the
archives or a certificate of authenticity, is
not provided with a watch, Antiquorum
does not warrant that the case and
movement are matching.
A non-matching case and movement does
not question the authenticity of a watch.
Please be advised that no cancellations
will be accepted on this basis.
AMSF REGULATIONS
Each purchaser shall comply with all
applicable requirements of the Autorité
Monégasque de Sécurité Financière
(AMSF) and shall submit, through
Accademia Fine Art, all documents
required under such regulations prior to
payment.
CULTURAL PROPERTY
Rule : lot ** ≥ 50 years old, and value
(Hammer + Commission) ≥ 50’000 €
or 100’000 €
• For « EXPORT » ( =non European)
buyer :
– For Lot ≥ 100’000 €, Export licence
+ Certificate required (lead time : 4
months)
– for lot 50’000 -> 99’999 €, an Export
licence required (lead time : 2 months)
• for EU (European) buyer :
-for Lot ≥ 100’000 € -> a Certificate
required (lead time : 4 months)
80 € per document will be charged to
the buyer.
The lots **will remain in Monaco until
the required export certificates and/
or licences have been obtained.
CONDITIONS DE VENTE / CONDITIONS OF SALE
EXTRAIT DES CONDITIONS DE VENTE
• Les ordres d’achats sont traités au mieux des intérêts du client. Ils doivent nous parvenir au plus tard la veille de la vente.
• Les frais d’adjudication sont de 31,2% toutes taxes incluses, (26% HT) ils sont rajoutés au prix d’adjudication pour chaque lot.
• Les lots marqués * sont soumis au régime de la TVA sur les importations.
• Les acheteurs sont priés de payer leurs achats dans un délai maximal de 10 jours à compter du jour de la vente par, virement sur le compte bancaire de Accademia Fine Art, ou en carte Visa, MasterCard ou Amex moyennant …% de frais en sus.
• Les lots ne seront délivrés qu’après règlement complet de la facture. Les frais expéditions, incluant l’assurance, sont à la charge de l’acheteur.
• Aucune garantie n’est donnée sur l’état de fonctionnement des montres et pendules, y compris l’étanchéité des montres.
• Un rapport de condition peut vous être communiqué sur demande en amont de la vente aux enchères.
• Les conditions de ventes complètes sont en Français à la fin de catalogue.
EXTRACT FROM THE CONDITIONS OF SALES
• Absente bids are processed in the best interest of the client. they must arrive no later than the day before the auction.
• The buyer’s premium is 31,2% all taxes included (26% excluding VAT) added on the hammer price on each lot.
• Lots marked with * are subject to the law of VAT on imports.
• Buyers are required to pay for their purchases within a maximum of 10 days from the day of the auction sale, either by wire transfer on Accademia Fine Art or using a MasterCard,Visa or Amex (… extra fee).
• The lots will be delivered after full payment of the invoice. Shipping charges, including insurance, will be charged to the buyer.
• No guarantee is given on working order of watches and clocks, including the water-resistant for the watches.
• A condition report can be given on request before the auction.
• Definitive terms of sale are in french at the end of the catalogue.
AMSF REGULATIONS Each purchaser shall comply with all applicable requirements of the Autorité Monégasque de Sécurité Financière (AMSF) and shall submit, through Accademia Fine Art, all documents required under such regulations prior to payment.