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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.
130 SOTHEBY’S