TRIBAL ART - PRECOLOMBIAN ART - ARCHAEOLOGY - ISLAMIC ARTS - ASIAN ARTS

TRIBAL ART - PRECOLOMBIAN ART - ARCHAEOLOGY - ISLAMIC ARTS - ASIAN ARTS

PUBLIC EXHIBITIONS :

Tuesday, June 8 from 11 a.m. to 6 p.m.

Wednesday, June 9 from 11 am to 12 pm

Telephone during the exhibition and sale:

Study contact:

Stéphanie BUHOT - sbuhot@tdemaigret.fr

Phone :

Experts :

Archaeology

Daniel LEBEURRIER

Tel:

galerie.gilgamesh@wanadoo.fr

Japanese art

Hugues SERVE-CATELIN

Tel :

decatelin@orange.fr

Asian art

Cabinet PORTIER et ASSOCIÉS - A. JOSSAUME

Phone :

contact@cabinetportier.com

Asian Arts and Ceramics

Vincent L'HERROU

Tel :

galerietheoreme@club-internet.fr

Sales are governed by Articles L312-4 of the French Code of

Commerce. SVV Thierry de Maigret, as Sales Operator, shall

serve as the Seller’s agent, and all relations with bidding parties

shall take place as described in the present Terms of Sale.

Goods put up for auction: The details found in the Catalogue

are legally binding upon the Auction House and Experts assisting

it, taking into account any and all corrections announced

upon submission of the object and subsequently listed in the

Record of Sale. Lining, parquet work and sheathing shall be

considered a preventive measure, and not a defect; size, weight

and estimated value shall be determined for guidance purposes

only. Prior exhibition of the item enables potential buyers to

form their own judgment of the condition of the objects put up

for sale. Consequently, no claims shall be considered once a lot

has been sold. The SVV remains at the buyers’ disposal for any

information required and invites all interested parties to seek

information about the lots.

Bidding: The Buyer is defined as the highest and fi nal bidder,

and will be required to provide name, address, proof of identity

and bank details. All buyers are assumed to be bidding on their

own behalf and shall hold sole responsibility for their bidding.

Should a buyer bid on behalf of a third-party, the buyer shall

provide the identity of the latter beforehand, so that the invoice

can be correctly drawn up. No changes will be accepted after

the sale. Should the auctioneer declare double bidding to have

occurred, the lot shall be immediately put up for repeat sale, and

all interested parties will be invited to take part in the bidding.

The auctioneer and experts reserve the right, in the interest of

the sale, to combine, split or remove any lot from the sale.

Purchase Orders: The Auction House may fulfil free of charge

any purchase order submitted in writing, by Internet or by

telephone. Buyers wishing to proceed in this manner may send

in their request in writing, 24 hours prior to the date of sale, by

completing the form provided along with a check or bank details.

SVV Thierry de MAIGRET will act on behalf of the bidding

party, in accordance with the instructions given in the form, in

an effort to purchase the relevant lot at the lowest possible price,

not exceeding the stated maximum figure. Should an equivalent

bid be submitted in the room on the day of auction, the bidding

party present shall be given priority.

Telephone bidding shall be accepted where the lowest estimated

price of the lot is greater than €300. It is recommended that

telephone bidders provide a back-up purchase order which we

will be able to execute on your behalf, should we be unable to

reach you. The Auction House may not be held responsible for

having failed to execute a purchase order due to error, omission

or dysfunction in telephone/Internet/Drouot Live services, or

for any other reason.

Payment of Agreed Price: Payment shall be made in Euros,

immediately after the sale. The successful bidder shall,

furthermore, pay sales taxes and fees in addition to the hammer

price, amounting to 28.8% inclusive of tax (24% before tax +

20% VAT) and 25.32% inclusive of tax on books (24% before

tax + 5.5% VAT). No lots shall be delivered to successful bidders

until the amounts due are paid in full.

Methods of payment:

- by check, along with valid personal ID, whereby due settlement

and transfer property will be subject to actual collection of the

non-certified check. C hecks drawn on foreign banks shall be

subject to prior approval by the Auction House. Bidders are

advised to secure, prior to sale, a letter of credit from their bank

in an amount close to their intended highest bid and to provide

it to the Auction House.

- in cash, not to exceed, taxes and fees included, €1,000 where

the bidder is a private individual or professional entity residing in

France, and €15,000 where the bidder is a private individual residing

abroad, subject to proof of identity, proof of origin of funds, and

statement of declaration of the relevant amount to the Customs

Authorities, further to Decreedated 16 June 2010.

- by bank transfer (list order number)

- by Visa or MasterCard

VAT: Buyers not residing in the European Union may seek

reimbursement of the VAT included in the margin by sending

the export customs document (copy 3) to SVV, duly stamped

by the Customs Authorities, within two months following the

sale. No tax-exclusive sales document will be drawn up without

official proof of export, as the intra-Community VAT number

does not constitute adequate proof.

Default of Payment: Payment by over-drafted checks or failure

to pay shall not incur the responsibility of the Auction House

and, consequently, releases it from the obligation to pay the

Seller. In the event of failure to pay within one month of being

served official notice by certified letter with proof of receipt at

the addressee’s expense, and in the event of failure to pay the

amount due, the Buyer shall be charged an additional fee of 10%

of the final bidding price to cover collection fees, amounting to

no less than €300.

Enforcement of this clause shall neither: preclude the allocation

of damages or compensation; come at the expense of required

proceedings; nor pre-determine possible implementation of the

“irresponsible bidding” proceedings.

Irresponsible bidding: in the event of default of payment on

the part of the successful bidder, the item shall be put up for

sale at the request of the Seller, on the grounds of irresponsible

bidding on the part of the defaulting bidder. Should the Seller

fail to make a request to this effect within one month of the sale’s

closing, the said sale shall be cancelled by right of law, without

prejudice to damages. Interest payable by the defaulting bidder.

Collection of property: No lot may be collected until the

related invoice has been paid in full. In the event of payment

of non-certified check, collection of property may be delayed

until actual collection. Bulky items sold and not collected from

Drouot premises by 10 AM on the day following sale will be

placed in the Hôtel Drouot warehouse and remain entirely the

responsibility of the successful bidder. Storage fees payable by

the latter shall be paid to the Hôtel Drouot warehouse before

release of the lots and upon presentation of proof of payment.

Small objects may be kept at the offices for 15 days following

sale. Beyond this point, €3 will be charged per day and per item

for storage.

Shipment of Lots: SVV may, as a service, arrange for lots to

be shipped to its customers, but denies all responsibility for lot

transport. Lots will be shipped only upon express written request

on the part of the successful bidder, following the sale, along with

a liability release letter, and shall be at the Buyer’s expense.

Export of Lots: Export of lots may be subject to approval, subject

to the Buyer’s responsibility. Neither the approval, denial of

approval or approval application time may be invoked as grounds

for change in payment deadline or cancellation of sale.

Pre-Emptive Rights: The French Government holds preemptive

rights on the works sold, by declaration immediately

upon the conclusion of sale, to the auctioneer. It may confirm

exercise of this right within a period of 15 days following the

sale, in which case it replaces the highest bidd