Sale conditions
CONDITIONS OF SALE
The highest and final bidder is deemed to be the purchaser, and must provide his/her name and address.
No lot will be transferred to the purchaser before it has been paid for in full.
In the event of payment by cheque or bank transfer, property may be withheld until payment has been cleared. Any storage costs that may result are to be paid by the purchaser.
In addition to the amount of the winning bid, the following premium per lot is also due :
BUYER'S PREMIUM
23,92% inc. tax, up to € 350 000 (20% + 19,6% VAT)
14,352 inc. tax, from € 350 000 (12% + 19,6% VAT)
For books:
21,10% inc. tax, up to € 350 000 (20% + 5,5% VAT)
12,660% inc. tax, from € 350 000 (12% + 5,5% VAT)
Lots preceded by the symbol f are subject to an additional premium of 5.5% + VAT (6.578% inc. VAT) on the hammer price. Lots preceded by the symbol . are subject to an additional premium of 19.6% + VAT (23.44% inc. VAT) on the hammer price. In certain cases these additional costs may be reimbursed. For further information, please call our accounts department on +33 (0)1 53 34 10 17.
In case of dispute at the fall of the hammer, i.e. if two or more bidders simultaneously make the same bid, either vocally or by sign, and claim title to the lot after the word "adjugé" has been pronounced, the said lot shall be immediately reoffered for sale, at the price of the final bid, and all those present may take part in the bidding.
Any changes to the conditions of sale or to the descriptions in the catalogue shall be announced verbally during the sale, and appended to the official sale record (procès-verbal).
PAYMENT
1) The sale shall be conducted in euros. All payments must be effected in the same currency.
2) Payment is due immediately after the sale.
3) Property may be paid for in the following ways :
- by credit card in the saleroom (VISA or MASTERCARD)
- by crossed cheque in euros, upon presentation of valid proof of identity
- by bank transfer in euros :
SWIFT Code : BNPPARB PARIS A CENTRALE
International Bank Account Number (IBAN) : FR 76 3000 4008 2800 0105 9294 176
BIC (Bank identification Code) : BNPAFRPPPAC
PIASA SA DEPOT CLIENT : 16 boulevard des Italiens 75009 Paris - SVV ART L 321 6 CC
Bank Code Code guichet Account Number Key
30004 00828 00010592941 76
4) Cheques drawn from a foreign bank account can only be accepted with PIASA's prior agreement. Buyers should provide PIASA with a letter of credit from their bank before the sale, for a value approximating to their intended purchases.
5) In cash :
- up to € 3000 (inc. premium) for French citizens
- up to € 7600 (inc. premium) for foreign citizens upon presentation of valid proof of identity
PIASA's Buyers' Accounts Department is open weekdays 9am - 6pm without a break (tel +33 (0)1 53 34 10 17)
ABSENTEE BIDS
Bidders unable to attend the sale must complete the absentee bid form in this catalogue. PIASA will act on behalf of the bidder, in accordance with the instructions contained in the absentee bid form, and try to purchase the lot(s) at the lowest possible price, in no circumstances exceeding the maximum amount stipulated by the bidder.
Written absentee bids and telephone bidding are services provided for clients. PIASA and its employees decline responsibility for any errors or omissions that may occur.
Should two written bids be identical, the first one to have been take precedence.
Telephone bids are not accepted for lots estimated less than € 300.
IMPORTANT NOTICE TO BUYERS on STORAGE & COLLECTION OF PURCHASES
Potential purchasers are invited to examine and assess the condition of items they may wish to buy before the auction, notably during the pre-sale viewing.
PIASA is happy to provide condition reports for individual lots upon request. No claims will therefore be entertained after the fall of the hammer.
1. BULK ITEMS (FURNITURE, PICTURES & OBJECTS) purchased at auction, and not collected from the saleroom by 10am the day after the sale, will be stored in Basement Level 3 at the Hôtel Drouot, and can be collected at the following times:
Monday.Friday: 8 - 10am/ 12noon - 1pm/ 3 - 5:30pm
Saturday 8am -12 noon
Warehouse: 6bis, rue Rossini . 75009 Paris . tel +33 (0)1 48 00 20 56
The bordereau (bidding slip), indicating proof of payment, must be presented when property is collected. Storage costs are due at the current rate.
2. SMALL ITEMS purchased at auction and not collected after the sale will be transported to the PIASA offices and kept free of charge for a fortnight. Thereafter storage costs will be charged to the purchaser at the rate of € 3 + tax, per day and per lot.
Property not collected within four weeks of the sale will be transported to the MONIN warehouse at the cost of the purchaser, and subject to the following storage costs:
- fixed costs per lot - € 50 (up to € 150 + tax)
- storage costs per day and per lot - € 3.80 + tax
- handling costs per lot - € 15 + tax
Transports MONIN
191, boulevard Mac Donald - 75019 PARIS
Tél. : 33 (0)1 53 26 86 10 - Fax : 33 (0)1 44 65 86 01
gerard.monchicourt@transports-monin.fr
To avoid unnecessary costs, PIASA strongly advises purchasers to inform of their intentions within 14 days of the sale.
3. INSURANCE
At the fall of the hammer the title of property shall be transferred to the purchaser, who assumes immediate responsible for insurance. Uncollected property will be stored at the costs, risks and perils of the purchaser. PIASA declines liability for lots placed in storage.
ESTIMATES
An estimate in euros of the likely sale price is published after each lot. This is provided for indication only. The hammer price may of course be above or below this estimate.
Payment
1) The sale shall be conducted in euros. All payments must be effected in the same currency.
<br>2) Payment is due immediately after the sale.
<br>3) Property may be paid for in the following ways :
<br>- by credit card in the saleroom (VISA or MASTERCARD)
<br>- by crossed cheque in euros, upon presentation of valid proof of identity
<br>- by bank transfer in euros :
<br>SWIFT Code : BNPPARB PARIS A CENTRALE
International Bank Account Number (IBAN) : FR 76 3000 4008 2800 0105 9294 176
BIC (Bank identification Code) : BNPAFRPPPAC
PIASA SA DEPOT CLIENT : 16 boulevard des Italiens 75009 Paris - SVV ART L 321 6 CC
Bank Code Code guichet Account Number Key
30004 00828 00010592941 76
<br>4) Cheques drawn from a foreign bank account can only be accepted with PIASA's prior agreement. Buyers should provide PIASA with a letter of credit from their bank before the sale, for a value approximating to their intended purchases.
<br>5) In cash :
<br>- up to € 3000 (inc. premium) for French citizens
<br>- up to € 7600 (inc. premium) for foreign citizens upon presentation of valid proof of identity
<br>PIASA's Buyers' Accounts Department is open weekdays 9am - 6pm without a break (tel +33 (0)1 53 34 10 17)
Buyer's premium
BUYER'S PREMIUM
23,92% inc. tax, up to € 350 000 (20% + 19,6% VAT)
14,352 inc. tax, from € 350 000 (12% + 19,6% VAT)
Taxes - VAT
Lots preceded by the symbol f are subject to an additional premium of 5.5% + VAT (6.578% inc. VAT) on the hammer price.
<br>Lots preceded by the symbol . are subject to an additional premium of 19.6% + VAT (23.44% inc. VAT) on the hammer price.
<br>In certain cases these additional costs may be reimbursed.
<br>For further information, please call our accounts department on +33 (0)1 53 34 10 17.
