Page 112 - Sotheby's Paris June 12, 2018 Asian Art

Bank transfers should be made to: property (EEC No. 3911/92, O` cial Journal to import African elephant ivory into the are o! ered without a reserve, these lots
HSBC Paris St Augustin No. L395 of 31/12/92). United States. Sotheby’s suggests that are indicated by a box (႒). If all lots in the
3, rue La Boétie A French Passport is necessary to move buyers check with their own government catalogue are o! ered without a reserve, a
75008 Paris from France to another Member State of regarding wildlife import requirements Special Notice will be included to this e! ect
Name : Sotheby’s (France) S.A.S. the EU cultural goods valued at or above prior to placing a bid. It is the buyer’s and the box symbol will not be used.
Account Number : 30056 00050 the relevant French Passport threshold. responsibility to obtain any export or
00502497340 26 A French Passport may also be import licences and/or certiÞ cates as well Ⴜ Guaranteed Property
The seller of lots with this symbol has
IBAN : FR 76 30056 00050 00502497340 26 necessary to export outside the European as any other required documentation.
Swift Code : CCFRFRPP Union cultural goods valued at or above the Please note that Sotheby’s is not able been guaranteed a minimum price from
one auction or a series of auctions. This
Please include your name, Sotheby’s relevant French Passport limit but below to assist buyers with the shipment of
account number and invoice number with the EU Licence limit. any lots containing ivory and/or other guarantee may be provided by Sotheby’s
or jointly by Sotheby’s and a third party.
your instructions to your bank. Please The following is a selection of some restricted materials into the United
note that we reserve the right to decline of the categories and a summary of the States. A buyer’s inability to export or Sotheby’s and any third parties providing
a guarantee jointly with Sotheby’s beneÞ t
payments received from anyone other than limits above which either an EU licence or a import these lots cannot justify a delay in
the buyer of record and that clearance of French Passport is required: payment or a sale’s cancellation. Þ nancially if a guaranteed lot is sold
successfully and may incur a loss if the
such payments will be required. Please • Watercolours, gouaches and pastels
contact our Client Accounts Department more than 50 years old €30,000 Pre-emption right The French state retains sale is not successful. If the Guaranteed
Property symbol for a lot is not included in
a pre-emption right on certain works of
if you have any questions concerning • Drawings more than 50 years old
clearance. €15,000 art and archives which may be exercised the printing of the auction catalogue, a pre-
during the auction. In case of conÞ rmation
sale or pre-lot announcement will be made
No administrative fee is charged for • Pictures and paintings in any medium
payment by Mastercard and Visa. on any material more than 50 years old of the pre-emption right within Þ fteen (15) indicating that there is a guarantee on the
lot. If every lot in a catalogue is guaranteed,
days from the date of the sale, the French
We reserve the right to seek (other than watercolours, gouaches and
identiÞ cation of the source of funds pastels above mentioned) €150,000 state shall be subrogated in the buyer’s the Important Notices in the sale catalogue
position.
will so state and this symbol will not be
received. • Original sculpture or statuary and copies
produced by the same process as the Considered as works of art, for used for each lot.
Collection of Purchases Purchases original more than 50 years old €50,000 purposes of pre-emption rights are the Ⴄ Property in which Sotheby’s has an
can only be collected after payment • Books more than 100 years old singly or following categories: Ownership Interest
in full in cleared funds has been made in collection €50,000 (1) Archaeological objects more than 100 Lots with this symbol indicate that
and appropriate identiÞ cation has been • Means of transport more than 75 years years old found during land based and Sotheby’s owns the lot in whole or in part
provided. old €50,000 underwater searches of archaeological or has an economic interest in the lot
All property will be available during, or
after each session of sale on presentation • Original prints, engravings, serigraphs sites and collections; equivalent to an ownership interest.
and lithographs with their respective
of the paid invoice with the release plates and original posters €15,000 (2) Pieces of decoration issuing from ຤ Irrevocable Bids
authorisation from the Client Accounts • Photographs, Þ lms and negatives there dismembered buildings; Lots with this symbol indicate that a
O` ce. of €15,000 (3) Watercolours, gouaches and pastels, party has provided Sotheby’s with an
Should lots sold at auction not be • Printed Maps more than 100 years old drawings, collages, prints, posters and their irrevocable bid on the lot that will be
collected by the buyer immediately after €15,000 frames; executed during the sale at a value
the auction, those lots will, after 30 days • Incunabula and manuscripts including that ensures that the lot will sell. The
following the auction sale (including the maps and musical scores single or in (4) Photographs, Þ lms and negatives irrevocable bidder, who may bid in
date of the sale), be stored at the buyer’s collections irrespective of value thereof irrespective of the number; excess of the irrevocable bid, will be
risk and expense and then transferred to a • Archaeological items more than 100 (5) Films and audio-visual works; compensated based on the Þ nal hammer
storage facility designated by Sotheby’s at years old irrespective of value price in the event he or she is not the
the buyer’s risk and expense. • Dismembered monuments more than (6) Original sculptures or statuary or successful bidder. If the irrevocable
All charges due to the storage facility 100 years old irrespective of value copies obtained by the same process and bidder is the successful bidder, he or she
shall be met in full by the buyer before • Archives more than 50 years old castings which were produced under the will be required to pay the full Buyer’s
collection of the property by the buyer. artists or legal descendants control and Premium and will not be otherwise
irrespective of value
Insurance Sotheby’s accepts liability for • Any other antique items more than 50 limited in number to less than eight copies, compensated. If the irrevocable bid is
plus four numbered copies by the artists;
not secured until after the printing of
loss or damage to lots for a maximum years old €50,000
period of 30 (thirty) calendar days after Please note that French regulation n°2004- (7) Contemporary works of art not the auction catalogue, a pre-sale or
pre-lot announcement will be made
the date of the auction (including the included in the abovecategories 3) to 6);
date of the auction). After that period, 709 dated 16th July 2004 modifying (8) Furniture and decorative works of art; indicating that there is an irrevocable
French regulation n°93-124 dated 29th
bid on the lot. If the irrevocable bidder is
the purchased lots are at the Buyer’s sole
responsibility for insurance. January 1993, indicates that «for the (9) Incunabula and manuscripts, books advising anyone with respect to the lot,
delivery of the French passport, the and other printed documents; Sotheby’s requires the irrevocable bidder
Export of cultural goods The export of appendix of the regulation foresees that to disclose his or her Þ nancial interest
any property from France or import into for some categories, thresholds will be (10) Collections and specimens from in the lot. If an agent is advising you or
any other country may be subject to one di! erent depending where the goods will be zoological, botanical, mineralogy, anatomy bidding on your behalf with respect to
or more export or import licences being sent to, outside or inside the EU». collections ; collections and objects a lot identiÞ ed as being subject to an
granted. We recommend that you keep any presenting a historical, paleontologic, irrevocable bid, you should request that
It is the buyer’s responsibility to obtain document relating to the import and export ethnographic or numismatic interest; the agent disclose whether or not he or
any relevant export or import licence. of property, including any licences, as (11) Means of transport; she has a Þ nancial interest in the lot.
Buyers are reminded that property these documents may be required by the Ⴚ Restricted Materials
purchased must be paid for immediately relevant authority. (12) Any other antique objects not included Lots with this symbol have been identiÞ ed
after the auction. Please note that when applying for in the abovecategories 1) to 11) at the time of cataloguing as containing
The denial of any export or import a certiÞ cate of free circulation for the
licence required or any delay in obtaining property, the authority issuing such organic material which may be subject to
restrictions regarding import or export.
such licence cannot justify the cancellation certiÞ cate may express its intention to EXPLANATION OF SYMBOLS The information is made available for the
of the sale or any delay in making payment acquire the property within the conditions convenience of Buyers and the absence of
of the total amount due. provided by law. The following key explains the symbols you the symbol is not a warranty that there are
may see inside this catalogue.
Sold property will only be delivered Endangered Species Items made of no restrictions regarding import or export
to the buyer or sent to the buyer at or incorporating animal material such ႒ No Reserve of the Lot.
their expense, following his/her written as ivory, whalebone, tortoiseshell, etc., Unless indicated by a box (႒), all lots in this Please refer to the section on
instructions, once the export formalities irrespective of age or value, require a catalogue are o! ered subject to a reserve. “Endangered species” in the “Information
are complete. speciÞ c licence from the French Ministry A reserve is the conÞ dential hammer to Buyers”. As indicated in this section,
Sotheby’s, upon request, may apply for price established between Sotheby’s and
a licence to export your property outside of the Environment prior to leaving France. the seller and below which a lot will not Sotheby’s is not able to assist buyers with
Please note that the ability to obtain an
the shipment of any lots with this symbol
France (a “Passport”). An EU Licence is export licence or certiÞ cate does not be sold. The reserve is generally set at a into the United States. A buyer’s inability to
necessary to export from the European ensure the ability to obtain an import percentage of the low estimate and will not export or import any lots with this symbol
Union cultural goods subject to the EU licence or certiÞ cate in another country, exceed the low estimate for the lot as set cannot justify a delay in payment or a sale’s
Regulation on the export of cultural out in the catalogue or as announced by
and vice versa. For example, it is illegal cancellation.
the auctioneer. If any lots in the catalogue
110 SOTHEBY’S