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CONDITIONS OF SALE • BUYING AT CHRISTIE’S
CONDITIONS OF SALE 6 WITHDRAWAL (b) We may also ask you to give us a financial reference C AT THE SALE
These Conditions of Sale and the Important Notices and Christie’s may, at its option, withdraw any lot from and/or a deposit as a condition of allowing you to 1 WHO CAN ENTER THE AUCTION
Explanation of Cataloguing Practice set out the terms on auction at any time prior to or during the sale of the bid. For help, please contact our Credit Department We may, at our option, refuse admission to our premises
which we offer the lots listed in this catalogue for sale. lot. Christie’s has no liability to you for any decision at +1 212-636-2490. or decline to permit participation in any auction or to
By registering to bid and/or by bidding at auction you to withdraw. reject any bid.
agree to these terms, so you should read them carefully 2 RETURNING BIDDERS
before doing so. You will find a glossary at the end 7 JEWELLERY As described in paragraph B(1) above, we may at our 2 RESERVES
explaining the meaning of the words and expressions (a) Coloured gemstones (such as rubies, sapphires and option ask you for current identification, a financial Unless otherwise indicated, all lots are subject to a reserve.
coloured in bold. reference, or a deposit as a condition of allowing you to We identify lots that are offered without reserve with the
emeralds) may have been treated to improve their bid. If you have not bought anything from any of our symbol • next to the lot number. The reserve cannot be
Unless we own a lot in whole or in part (Δ symbol), look, through methods such as heating and oiling. salerooms within the last two years or if you want to more than the lot’s low estimate.
Christie’s acts as agent for the seller. These methods are accepted by the international spend more than on previous occasions, please contact
jewellery trade but may make the gemstone less our Credit Department at +1 212-636-2490. 3 AUCTIONEER’S DISCRETION
A BEFORE THE SALE strong and/or require special care over time. The auctioneer can at his or her sole option:
1 DESCRIPTION OF LOTS (b) All types of gemstones may have been improved 3 IF YOU FAIL TO PROVIDE THE (a) refuse any bid;
(a) Certain words used in the catalogue description by some method. You may request a gemmological RIGHT DOCUMENTS (b) move the bidding backwards or forwards in any way
report for any item which does not have a report if
have special meanings. You can find details of the request is made to us at least three weeks before If in our opinion you do not satisfy our bidder he or she may decide, or change the order of the lots;
these on the page headed “Important Notices the date of the auction and you pay the fee for identification and registration procedures including, but (c) withdraw any lot;
and Explanation of Cataloguing Practice” which the report. not limited to completing any anti-money laundering (d) divide any lot or combine any two or more lots;
forms part of these terms. You can find a key to the (c) We do not obtain a gemmological report for and/or anti-terrorism financing checks we may require (e) reopen or continue the bidding even after the
Symbols found next to certain catalogue entries every gemstone sold in our auctions. Where we to our satisfaction, we may refuse to register you to bid,
under the section of the catalogue called “Symbols do get gemmological reports from internationally and if you make a successful bid, we may cancel the hammer has fallen; and
Used in this Catalogue”. accepted gemmological laboratories, such reports contract for sale between you and the seller. (f) in the case of error or dispute and whether during
(b) Our description of any lot in the catalogue, any will be described in the catalogue. Reports from
condition report and any other statement made American gemmological laboratories will describe 4 BIDDING ON BEHALF OF or after the auction, to continue the bidding,
by us (whether orally or in writing) about any any improvement or treatment to the gemstone. ANOTHER PERSON determine the successful bidder, cancel the sale of
lot, including about its nature or condition, artist, Reports from European gemmological laboratories the lot, or reoffer and resell any lot. If any dispute
period, materials, approximate dimensions, or will describe any improvement or treatment only If you are bidding on behalf of another person, relating to bidding arises during or after the auction,
provenance are our opinion and not to be relied if we request that they do so, but will confirm that person will need to complete the registration the auctioneer’s decision in exercise of this option
upon as a statement of fact. We do not carry when no improvement or treatment has been requirements above before you can bid, and supply is final.
out in-depth research of the sort carried out by made. Because of differences in approach and a signed letter authorising you to bid for him/her. A
professional historians and scholars. All dimensions technology, laboratories may not agree whether a bidder accepts personal liability to pay the purchase 4 BIDDING
and weights are approximate only. particular gemstone has been treated, the amount price and all other sums due unless it has been agreed in The auctioneer accepts bids from:
of treatment, or whether treatment is permanent. writing with Christie’s, before commencement of the (a) bidders in the saleroom;
2 OUR RESPONSIBILITY FOR OUR The gemmological laboratories will only report auction, that the bidder is acting as an agent on behalf (b) telephone bidders;
DESCRIPTION OF LOTS on the improvements or treatments known to the of a named third party acceptable to Christie’s and that (c) internet bidders through ‘Christie’s LIVE™ (as
laboratories at the date of the report. Christie’s will only seek payment from the named
We do not provide any guarantee in relation to the (d) For jewellery sales, estimates are based on the third party. shown above in paragraph B6); and
nature of a lot apart from our authenticity warranty information in any gemmological report. If no (d) written bids (also known as absentee bids or
contained in paragraph E2 and to the extent provided in report is available, assume that the gemstones may 5 BIDDING IN PERSON
paragraph I below. have been treated or enhanced. If you wish to bid in the saleroom you must register for a commission bids) left with us by a bidder before
numbered bidding paddle at least 30 minutes before the the auction.
3 CONDITION 8 WATCHES & CLOCKS auction. You may register online at www.christies.com
(a) The condition of lots sold in our auctions can vary (a) Almost all clocks and watches are repaired in or in person. For help, please contact the Credit 5 BIDDING ON BEHALF OF THE
Department on +1 212-636-2490. SELLER
widely due to factors such as age, previous damage, their lifetime and may include parts which are The auctioneer may, at his or her sole option, bid on
restoration, repair and wear and tear. Their nature not original. We do not give a warranty that any 6 BIDDING SERVICES behalf of the seller up to but not including the amount
means that they will rarely be in perfect condition. individual component part of any watch is authentic. The bidding services described below are a free service of the reserve either by making consecutive bids or by
Lots are sold “as is,” in the condition they are in at Watchbands described as “associated” are not part of offered as a convenience to our clients and Christie’s making bids in response to other bidders. The auctioneer
the time of the sale, without any representation or the original watch and may not be authentic. Clocks is not responsible for any error (human or otherwise), will not identify these as bids made on behalf of the seller
warranty or assumption of liability of any kind as to may be sold without pendulums, weights or keys. omission, or breakdown in providing these services. and will not make any bid on behalf of the seller at or
condition by Christie’s or by the seller. (b) As collectors’ watches often have very fine and (a) Phone Bids above the reserve. If lots are offered without reserve, the
(b) Any reference to condition in a catalogue entry complex mechanisms, you are responsible for any auctioneer will generally decide to open the bidding at
or in a condition report will not amount to a full general service, change of battery, or further repair Your request for this service must be made no later 50% of the low estimate for the lot. If no bid is made at
description of condition, and images may not show work that may be necessary. We do not give a than 24 hours prior to the auction. We will accept that level, the auctioneer may decide to go backwards
a lot clearly. Colours and shades may look different warranty that any watch is in good working order. bids by telephone for lots only if our staff are available at his or her sole option until a bid is made, and then
in print or on screen to how they look on physical Certificates are not available unless described in to take the bids. If you need to bid in a language continue up from that amount. In the event that there
inspection. Condition reports may be available to the catalogue. other than in English, you must arrange this well are no bids on a lot, the auctioneer may deem such
help you evaluate the condition of a lot. Condition (c) Most wristwatches have been opened to find out before the auction. We may record telephone bids. lot unsold.
reports are provided free of charge as a convenience the type and quality of movement. For that reason, By bidding on the telephone, you are agreeing to
to our buyers and are for guidance only. They offer wristwatches with water resistant cases may not be us recording your conversations. You also agree 6 BID INCREMENTS
our opinion but they may not refer to all faults, waterproof and we recommend you have them that your telephone bids are governed by these Bidding generally starts below the low estimate and
inherent defects, restoration, alteration or adaptation checked by a competent watchmaker before use. Conditions of Sale. increases in steps (bid increments). The auctioneer will
because our staff are not professional restorers or Important information about the sale, transport and (b) Internet Bids on Christie’s LIVE™ decide at his or her sole option where the bidding should
conservators. For that reason condition reports shipping of watches and watchbands can be found in For certain auctions we will accept bids over the start and the bid increments. The usual bid increments
are not an alternative to examining a lot in person paragraph H2(f). Internet. Please visit www.christies.com/livebidding are shown for guidance only on the Written Bid Form at
or seeking your own professional advice. It is your and click on the ‘Bid Live’ icon to see details of how the back of this catalogue.
responsibility to ensure that you have requested, B REGISTERING TO BID to watch, hear and bid at the auction from your
received and considered any condition report. 1 NEW BIDDERS computer. In addition to these Conditions of Sale, 7 CURRENCY CONVERTER
(a) If this is your first time bidding at Christie’s or you internet bids are governed by the Christie’s LIVE™ The saleroom video screens (and Christies LIVE™) may
4 VIEWING LOTS PRE-AUCTION terms of use which are available on show bids in some other major currencies as well as US
(a) If you are planning to bid on a lot, you should are a returning bidder who has not bought anything www.christies.com. dollars. Any conversion is for guidance only and we
from any of our salerooms within the last two years (c) Written Bids cannot be bound by any rate of exchange used. Christie’s
inspect it personally or through a knowledgeable you must register at least 48 hours before an auction You can find a Written Bid Form at the back of our is not responsible for any error (human or otherwise),
representative before you make a bid to make sure begins to give us enough time to process and approve catalogues, at any Christie’s office, or by choosing omission or breakdown in providing these services.
that you accept the description and its condition. We your registration. We may, at our option, decline to the sale and viewing the lots online at www.christies.
recommend you get your own advice from a restorer permit you to register as a bidder. You will be asked com. We must receive your completed Written 8 SUCCESSFUL BIDS
or other professional adviser. for the following: Bid Form at least 24 hours before the auction. Bids Unless the auctioneer decides to use his or her discretion
(b) Pre-auction viewings are open to the public free of must be placed in the currency of the saleroom. The as set out in paragraph C3 above, when the auctioneer’s
charge. Our specialists may be available to answer (i) for individuals: Photo identification (driver’s auctioneer will take reasonable steps to carry out hammer strikes, we have accepted the last bid. This
questions at pre-auction viewings or by appointment. licence, national identity card, or passport) and, written bids at the lowest possible price, taking into means a contract for sale has been formed between the
if not shown on the ID document, proof of your account the reserve. If you make a written bid on seller and the successful bidder. We will issue an invoice
5 ESTIMATES current address (for example, a current utility bill a lot which does not have a reserve and there is no only to the registered bidder who made the successful
Estimates are based on the condition, rarity, quality or bank statement); higher bid than yours, we will bid on your behalf bid. While we send out invoices by mail and/or email
and provenance of the lots and on prices recently paid at around 50% of the low estimate or, if lower, the after the auction, we do not accept responsibility for
at auction for similar property. Estimates can change. (ii) for corporate clients: Your Certificate of amount of your bid. If we receive written bids on a telling you whether or not your bid was successful. If
Neither you, nor anyone else, may rely on any estimates Incorporation or equivalent document(s) lot for identical amounts, and at the auction these are you have bid by written bid, you should contact us
as a prediction or guarantee of the actual selling price of showing your name and registered address the highest bids on the lot, we will sell the lot to the by telephone or in person as soon as possible after the
a lot or its value for any other purpose. Estimates do not together with documentary proof of directors bidder whose written bid we received first. auction to get details of the outcome of your bid to
include the buyer’s premium or any applicable taxes. and beneficial owners; and avoid having to pay unnecessary storage charges.
(iii) for trusts, partnerships, offshore companies and
other business structures, please contact us in
advance to discuss our requirements.
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