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(ii) a breakdown or problem with the   sale is not successful. If the Guaranteed   12 of the Conditions of Sale.  Please also   Specialist Advice#Prospective bidders
           BIDnow, eBay, Invaluable or other Online   Property symbol for a lot is not included   refer to the section on Endangered Species   may be interested in speci! c information
           Platform software; or (iii) a breakdown or   in the printing of the auction catalogue, a   in the information on Buying at Auction.  not included in the catalogue description
           problem with a client’s internet connection,   pre-sale or pre-lot announcement will be   of a lot. For additional information, please
           mobile network or computer.  Sotheby’s is   made indicating that there is a guarantee   ෢ Monumental  contact either a Sotheby’s specialist in
           not responsible for any failure to execute an   on the lot.  Lots with this symbol may, in our opinion,   charge of the sale (all of whom are listed
           online bid or for any errors or omissions in       require special handling or shipping   in the front of the catalogue), or Sotheby’s
           connection therewith.    Ⴄ  Property in which Sotheby’s has an   services due to size or other physical   Client Services Department.  You may
                                    Ownership Interest        considerations. Bidders are advised to   also request a condition report from the
           9.#Live online bidding via all Online   Lots with this symbol indicate that Sotheby’s   inspect the lot and to contact Sotheby’s   specialist in charge.
           Platforms will be recorded.  owns the lot in whole or in part or has an   prior to the sale to discuss any speci! c
                                    economic interest in the lot equivalent to an   shipping requirements.  The Exhibition#An exhibition of the
           10.#In the event of any con& ict between   ownership interest.              auction property will be held the week prior
           these Online Terms and Sotheby’s                     Premium Lot            to the auction on the days listed in the front
           Conditions of Sale and Terms of Guarantee,  ຤ Irrevocable Bids  In order to bid on “Premium Lots” (  in   of the catalogue. There you will have the
           Sotheby’s Conditions of Sale and Terms of   Lots with this symbol indicate that a party   print catalogue or ² in eCatalogue) you   opportunity to view, inspect and evaluate
           Guarantee will control.  has provided Sotheby’s with an irrevocable   must com plete the required Premium   the property yourself, or with the help of a
                                    bid on the lot that will be executed during   Lot pre-registration application. You must   Sotheby’s specialist.
           11.#In the event of any con& ict between   the sale at a value that ensures that the lot   arrange for Sotheby’s to receive your
           these Online Terms and any term in   will sell. The irrevocable bidder, who may   pre-registration application at least three   Salesroom Notices#Salesroom notices
           any agreement between the User and   bid in excess of the irrevocable bid, may be   working days before the sale.  Please   amend the catalogue description of a lot
           eBay, these Online Terms will control for   compensated for providing the irrevocable   bear in mind that we are unable to obtain   after our catalogue has gone to press.
           purposes of all Sotheby’s auctions.     bid by receiving a contingent fee, a ! xed   ! nancial references over weekends   They are posted in the viewing galleries
                                    fee or both. If the irrevocable bidder is the   or public holidays. Sotheby’s decision   and salesroom or are announced by the
           12.#In the event of any con& ict between   successful bidder, any contingent fee, ! xed   whether to accept any pre-registration   auctioneer. Please take note of them.
           these Online Terms and any term in   fee or both (as applicable) for providing   application shall be ! nal. If your application
           any agreement between the User and   the irrevocable bid may be netted against   is accepted, you will be provided with a   Registration#Sotheby’s may require such
           Invaluable, these Online Terms will control   the irrevocable bidder’s obligation to pay   special paddle number. If all lots in the   necessary ! nancial references, guarantees,
           for purposes of all Sotheby’s auctions.      the full purchase price for the lot and the   catalogue are “Premium Lots”, a Special   deposits and/or such other security, in its
                                    purchase price reported for the lot shall   Notice will be included to this e$ ect and   absolute discretion, as security for your
                                    be net of any such fees. If the irrevocable   this symbol will not be used.   bid. If you are not successful on any lot,
           BUYING AT AUCTION        bid is not secured until after the printing        Sotheby’s will arrange for a refund (subject
                                    of the auction catalogue, Sotheby’s will   2.  BEFORE THE AUCTION  to any right of set o$ ) of the deposit amount
                                    notify bidders that there is an irrevocable
           The following will help in understanding the                                paid by you without interest within 14
           auction buying process as well as some of   bid on the lot by one or more of the   The Catalogue#A catalogue prepared by   working days of the date of the sale. Any
           the terms and symbols commonly used   following means: a pre-sale or pre-lot   Sotheby’s is published for every scheduled   exchange losses or fees associated with the
           in an auction catalogue. All bidders should   announcement, by written notice at the   live auction and is available prior to the sale   refund shall be borne by you. Registration to
           read the Conditions of Sale and Terms of   auction or by including an irrevocable bid   date. The catalogue will help familiarize   bid on Premium Lots must be done at least
           Guarantee in this catalogue, as well as the   symbol in the e-catalogue for the sale prior   you with property being o$ ered at the   3 business days prior to the sale.
           Glossary or any other notices. By bidding   to the auction. If the irrevocable bidder is   designated auction. Catalogues may be
           at auction, bidders are bound by the   advising anyone with respect to the lot,   purchased at Sotheby’s or by subscription   3.  DURING THE AUCTION
           Conditions of Sale and Terms of Guarantee,   Sotheby’s requires the irrevocable bidder   in any categories. For information, please
           as amended by any oral announcement   to disclose his or her ! nancial interest   call +1 212 606 7000 or visit sothebys.  The Auction#Auctions are open to
           or posted notices, which together form   in the lot. If an agent is advising you or   com. Prospective bidders should also   the public without any admission fee or
           the sale contract among Sotheby’s,   bidding on your behalf with respect to a lot   consult sothebys.com for the most up to   obligation to bid. The auctioneer introduces
           the seller (consignor) of the lot and any   identi! ed as being subject to an irrevocable   date cataloguing of the property in this   the objects for sale — known as “lots” — in
           bidders, including the successful bidder   bid, you should request that the agent   catalogue.  numerical order as listed in the catalogue.
           (purchaser).             disclose whether or not he or she has a
                                    ! nancial interest in the lot.                     Unless otherwise noted in the catalogue
                                                              Estimates#Each lot in the catalogue is   or by an announcement at the auction,
           1.  SYMBOL KEY           ຎ Interested Parties      given a low and high estimate, indicating   Sotheby’s acts as agent on behalf of the
                                    Lots with this symbol indicate that parties   to a prospective buyer a range in which the   seller and does not permit the seller to bid
           ႒  Reserves              with a direct or indirect interest in the lot   lot might sell at auction. When possible,   on his or her own property. It is important
           Unless indicated by a box ( ႒ ), all lots   may be bidding on the lot, including (i) the   the estimate is based on previous auction   for all bidders to know that the auctioneer
           in this catalogue are o$ ered subject to   bene! ciary of an estate selling the lot, or   records of comparable pieces. The   may open the bidding on any lot by placing
           a reserve.  A reserve is the con! dential   (ii) the joint owner of a lot.  If the interested   estimates are determined several months   a bid on behalf of the seller. The auctioneer
           minimum hammer price at which a lot will   party is the successful bidder, they will be   before a sale and are therefore  subject   may further bid on behalf of the seller, up
           be sold. The reserve is generally set at a   required to pay the full Buyer’s Premium.    to change upon further research of the   to the amount of the reserve, by placing
           percentage of the low estimate and will not   In certain instances, interested parties may   property, or to re& ect market conditions   responsive or consecutive bids for a lot.
           exceed the low estimate of the lot.  If any   have knowledge of the reserve.  In the event   or currency & uctuations. Estimates should   The auctioneer will not place consecutive
           lots in the catalogue are o$ ered without   the interested party’s possible participation   not be relied upon as a representation or   bids on behalf of the seller above the
           reserve, such lots will be designated by   in the sale is not known until after the   prediction of actual selling prices.   reserve.
           a box ( ႒ ). If every lot in a catalogue is   printing of the auction catalogue, a pre-sale
           o$ ered without a reserve, the Conditions of   or pre-lot announcement will be made   Provenance#In certain circumstances,   Bidding in Person#If you would like to
           Sale will so state and this symbol will not be   indicating that interested parties may be   Sotheby’s may print in the catalogue the   bid, you must register for a paddle upon
           used for each lot.       bidding on the lot.       history of ownership of a work of art if such   entering the salesroom. The paddle is
                                                              information contributes to scholarship   numbered so as to identify you to the
           Ⴜ  Guaranteed Property   Ⴚ  Restricted Materials   or is otherwise well known and assists in   auctioneer. To register, you will need a
           The seller of lots with this symbol has   Lots with this symbol have been identi! ed   distinguishing the work of art. However,   form of identi! cation such as a driver’s
           been guaranteed a minimum price from   at the time of cataloguing as containing   the identity of the seller or previous owners   license, a passport or some other type of
           one auction or a series of auctions. This   organic material which may be subject to   may not be disclosed for a variety of   government issued identi! cation. If you
           guarantee may be provided by Sotheby’s   restrictions regarding import or export.   reasons. For example, such information   are a ! rst-time bidder, you will also be
           or jointly by Sotheby’s and a third party.    The information is made available for the   may be excluded to accommodate a seller’s   asked for your address, phone number
           Sotheby’s and any third parties providing   convenience of bidders and the absence of   request for con! dentiality or because the   and signature in order to create your
           a guarantee jointly with Sotheby’s bene! t   the symbol is not a warranty that there are   identity of prior owners is unknown given   account. If you are bidding for someone
           ! nancially if a guaranteed lot is sold   no restrictions regarding import or export   the age of the work of art.  else, you will need to provide a letter from
           successfully and may incur a loss if the   of the Lot; bidders should refer to Condition   that person authorizing you to bid on that
                                                                                       person’s behalf. Issuance of a bid paddle is
                                                                                       in Sotheby’s sole discretion.


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