CONDITIONS OF SALE MONACO (MLG)
GENERAL TERMS & CONDITIONS OF SALE BUYER’S PREMIUM
For Jewels the buyer will pay to the order of Monaco Legend Group, in addition to the hammer price, a buyer’s premium of:
Until 1.000.000 €: 28.80% TTC. (24% HT). Major of 1.000.000 €:15% TTC (12,5% HT).
Watches are submitted to a premium of:
Until 250.000 €: 28.80% TTC. (24% HT).
From 250.001 to 999.999 €: 24%TTC. (20% HT).
Major of 1.000.000 €:15% TTC. (12,5% HT).
Artworks are submitted to a fix premium of 30% TTC. (25% HT).
The lots marked with a * are liable to the relevant import VAT:
› › 20% of the additional charge for the watches and jewels.
› › 5.5% of the additional charge for the artworks.
CONDITIONS AND INFORMATION FOR BUYERS
The sale is subject to the French legislation and to the terms printed in this catalogue. It is important to read the following conditions.
Useful information is given on the methods to buy at auction. Our team remains at your disposal to inform and assist you.
Non-European buyers may have all VAT invoiced refunded to them, on the basis of the selling costs only, if they request so in writing to the accounting department within a delay of 3 months from the date of the sale, and if they provide Monaco Legend Group with the third sample of the customs documentation (DAU) stamped by customs. Monaco Legend Group must appear as a 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.
The documents provided by the study “Monaco Legend Group” for the CITES articles of the species listed in the annexes A, B or C of the regulation CE338/97 are only valid in the EU. All the exits to a third country shall be subject to an exportation or reexportation permit granted by the CITES Management Authority. In the buyer’s country of residence. We advise you to approach the CITES Management Authority of the country of destination to obtain confirmation of the possibility of importing such articles.
Some countries can prohibit the issuing of the documents according to their own specific legislation. These actions have to be taken by the buyer and at their own expense. Contact Monaco Legend Group for more information.
BEFORE THE AUCTION
INDICATIVE NATURE OF THE ESTIMATES
The estimates are intended as a guide only. 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. The estimates set out in the catalogue do not include the buyer’s premium.
CONDITION OF THE LOTS
We are at your disposal to provide you a detailed report on the condition of the lots. All lots are sold in the condition in which they were offered for sale with all their imperfections and defects. Dimensions, colors and weight of the products are provided for information purposes only and are not binding. No claim can be accepted for minor restorations or small damages. It is the responsibility of each prospective bidder to inspect each lot prior to the sale and to rely on their own judgement to aquaint with the characteristics and the potential repairs or restorations. No claim can be considered once the auction is pronounced.
›› Restored or repainted dials regarded as protective measures and not as vices will not be reported. The conditions of the bracelets and the water resistance of the screwed-back watches are not guaranteed, and neither are the deployment clasps and tang buckles. It is important to note most of the waterproof watches have been opened to identify the type and quality of the movement.
›› There is no guarantee the watches are still resistant to water and it is recommended to consult your watchmaker before using the item.
›› Dimensions of the watches are provided for information purposes only.
›› Absence of any indication of the existence of restoration work or of an accident by no means exempt the jewelry from having a defect.
›› Precious and semi-precious stones may have been subject to treatments with the intention to showcase them. (i.e: oil treatment of emeralds, heat treatment for rubies and sapphires, whitening of pearls).
›› These treatments are traditional and accepted by the jewels international market
›› Considering the rise of new treatments, the stones submitted to the auction with no certificates will be sold without guarantees about the treatment.
›› It shall be stated that the origin of the stones and their quality (color and purity of the diamonds) reflect the opinion of the laboratory issuing the certificate. No claim will be accepted in case another laboratory gives another opinion, and will in no way engage the responsibility of the auctioneer and expert.
›› The jewelry advertised in our catalogue as yellow-gold or white-gold with no hallmark are always in gold 18K, that is 750%Åã— Gold 14K:
585%Åã—Gold 9k: 375%Åã (Charts)
›› Relining, inlay work and varnishing are considered a protective measure and not a vice, they will not be reported. Dimensions are provided for information purposes only.
Pre-auction viewing are open to the public. Monaco Legend Group is concerned for your safety while on our premises and we endeavor to display items safely so far as is reasonably practicable. Nevertheless, handling an object without the supervision of a member of Monaco Legend Group shall be at your sole risk.
Bids can be executed in person, by telephone or by a third party. Auctions will be conducted in euros. A currency converter will be operated during the auction for your convenience, however, only the prices in euros will be valid.
BIDDING IN PERSON
To bid in person in the sale room, you will need to register with Monaco Legend Group before the auction begins. Each bidder shall provide Monaco Legend Group their bank information and guarantees
before the session. They will then be assigned a bidder number that will be necessary to authorize the sale.
Should there be any doubts as to price or buyer, please draw the auctioneer’s attention to it immediately.
BIDDING WITH A POWER OF ATTORNEY
If you make a bid at auction, you do as principal and you shall assume full responsibility for your bid, unless it has been previously agreed that you do so on behalf of an identified third
party and you have produced a valid power of attorney acceptable to us.
If you cannot attend a sale, we would be pleased to execute written and signed bids on your behalf. This service is free and confidential. Lots will be bought at the best possible price, respecting the reserves and other bids. In the event of identical bids, the earliest bid received will take precedence. Always indicate a top limit, unlimited bids and “buy at all costs” will not be accepted. Orders shall be made in euro.
A bidding form can be found at the end of this catalogue.
Written orders may be
›› Sent by e-mail at: email@example.com
›› Hand delivered to staff on the premises
›› You may also bid by telephone, however, bids must be confirmed before the auction in writing. In order to guarantee satisfaction to the bidders, written bids must be received at least 24 hours before the auction.
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.
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.
The sale will follow the order of the catalogue.
The auctioneer may commence and advance the bidding at levels he considers appropriate.
The auctioneer is entitled to place consecutive and responsive bids for and on behalf of the vendor until the reserve price is achieved.
Payment is due immediately after the sale.
Payment may be made by the following
› › Cash in euros
› › Credit cards VISA or MASTERCARD. Major credit cards are accepted but fees can be applied for Amex, equivalent of 3% total amount.
› › Bank transfers to Monaco Legend Group
COLLECTION OF PURCHASES
Purchases can only be collected after payment.
All lots can be collected during or after the session upon presentation of written consent from the Accounting Department of Monaco Legend Group. We recommend the buyers to take delivery of their lots after the sale.
EXPORT OF CULTURAL OBJECTS
Certificates of exportation may be required for a category of lots and, in some cases, a custom authorization may be requested. The French State has the option of granting or not an exportation certificate in the case the lot ranks as national treasure. Monaco Legend Group assumes no responsibility in the case the export licence is denied. Is set out below a selection of the categories of works of art, together with the value thresholds above which a certificate for a cultural object may be required so that the lot can leave the French territory:
› › Furniture and objects, carpets, tapestries, clocks of more than 50 years of age: 50 000€
› › Books of more than 100 years of age: 50 000€
› › Prints, engraving, original serigraphs and lithographs and original posters of more than 50 years of age: 15 000€
› › Incunabula and manuscripts, including maps and scores: 1500€
› › Archives of more than 50 years of age
The French state is entitled to use preemption right on any works of art presented at the auction, by order of the Minister in charge of culture after the hammer stroke. The State shall
have a period of 15 days from the date of the sale to confirm its preemption right.
In case of confirmation, the French state shall be subrogated in the buyer’s position.
Compte : SAM MONACO LEGEND GROUP
Banque : BPMED MONACO ENTREPRISES
IBAN. : MC58 1460 7007 6460 9218 9452 273
BIC : CCBPMCM1XXX
Compte N. : 60921894522