Page 222 - Christies Alsdorf Collection PART 2 Sept 24 2020 NYC

CONDITIONS OF SALE BUYING AT CHRISTIE’S
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CONDITIONS OF SALE 6 WITHDRAWAL (b) We may also ask you to give us a financial reference C CONDUCTING 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 Client Services 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 Department at +1 212-636-2000. 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. emeralds) may have been treated to improve their reference, or a deposit as a condition of allowing you to We identify lots that are offered without reserve with the
look, through methods such as heating and oiling. 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), These methods are accepted by the international 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. jewellery trade but may make the gemstone less spend more than on previous occasions, please contact
strong and/or require special care over time. our Client Services Department at +1 212-636-2000. 3 AUCTIONEER’S DISCRETION
A BEFORE THE SALE (b) All types of gemstones may have been improved The auctioneer can at his or her sole option:
1 DESCRIPTION OF LOTS by some method. You may request a gemmological 3 IF YOU FAIL TO PROVIDE THE (a) refuse any bid;
(a) Certain words used in the catalogue description have report for any item which does not have a report if RIGHT DOCUMENTS (b) move the bidding backwards or forwards in any way
special meanings. You can find details of these on the 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;
page headed “Important Notices and Explanation the date of the auction and you pay the fee for identification and registration procedures including, but (c) withdraw any lot;
of Cataloguing Practice” which forms part of these the report. not limited to completing any anti-money laundering (d) divide any lot or combine any two or more lots;
terms. You can find a key to the Symbols found next (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
to certain catalogue entries under the section of the every gemstone sold in our auctions. Where we to our satisfaction, we may refuse to register you to bid, hammer has fallen; and
catalogue called “Symbols Used in this Catalogue”. do get gemmological reports from internationally and if you make a successful bid, we may cancel the (f) in the case of error or dispute related to bidding
(b) Our description of any lot in the catalogue, any accepted gemmological laboratories, such reports contract for sale between you and the seller. and whether during or after the auction, continue
condition report and any other statement made will be described in the catalogue. Reports from the bidding, determine the successful bidder, cancel
by us (whether orally or in writing) about any American gemmological laboratories will describe 4 BIDDING ON BEHALF OF the sale of the lot, or reoffer and resell any lot.
lot, including about its nature or condition, any improvement or treatment to the gemstone. ANOTHER PERSON If you believe that the auctioneer has accepted the
artist, period, materials, approximate dimensions, Reports from European gemmological laboratories If you are bidding on behalf of another person, successful bid in error, you must provide a written
or provenance are our opinion and not to be will describe any improvement or treatment only that person will need to complete the registration notice detailing your claim within 3 business days
relied upon as a statement of fact. We do not carry if we request that they do so, but will confirm requirements above before you can bid, and supply of the date of the auction. The auctioneer will
out in-depth research of the sort carried out by when no improvement or treatment has been a signed letter authorising you to bid for him/her. A consider such claim in good faith. If the auctioneer,
professional historians and scholars. All dimensions made. Because of differences in approach and bidder accepts personal liability to pay the purchase in the exercise of his or her discretion under this
and weights are approximate only. technology, laboratories may not agree whether a price and all other sums due unless it has been agreed paragraph, decides after the auction is complete, to
particular gemstone has been treated, the amount in writing with Christie’s, before commencement of the cancel the sale of a lot, or reoffer and resell a lot,
2 OUR RESPONSIBILITY FOR OUR of treatment, or whether treatment is permanent. auction, that the bidder is acting as an agent on behalf he or she will notify the successful bidder no later
DESCRIPTION OF LOTS The gemmological laboratories will only report of a named third party acceptable to Christie’s and that than by the end of the 7th calendar day following the
We do not provide any guarantee in relation to the on the improvements or treatments known to the Christie’s will only seek payment from the named date of the auction. The auctioneer’s decision in
nature of a lot apart from our authenticity warranty laboratories at the date of the report. third party. exercise of this discretion is final. This paragraph
contained in paragraph E2 and to the extent provided in (d) For jewellery sales, estimates are based on the does not in any way prejudice Christie’s ability
paragraph I below. information in any gemmological report. If no 5 BIDDING IN PERSON to cancel the sale of a lot under any other applicable
report is available, assume that the gemstones may If you wish to bid in the saleroom you must register for a provision of these Conditions of Sale, including the
3 CONDITION have been treated or enhanced. numbered bidding paddle at least 30 minutes before the rights of cancellation set forth in sections B(3),
(a) The condition of lots sold in our auctions can vary auction. You may register online at www.christies.com E(2)(i), F(4), and J(1).
widely due to factors such as age, previous damage, 8 WATCHES & CLOCKS or in person. For help, please contact the Client Service
restoration, repair and wear and tear. Their nature (a) Almost all clocks and watches are repaired in their Department on +1 212-636-2000. 4 BIDDING
means that they will rarely be in perfect condition. lifetime and may include parts which are not original. The auctioneer accepts bids from:
Lots are sold “as is,” in the condition they are in at We do not give a warranty that any individual 6 BIDDING SERVICES (a) bidders in the saleroom;
the time of the sale, without any representation or component part of any watch is authentic. The bidding services described below are a free service (b) telephone bidders;
warranty or assumption of liability of any kind as to Watchbands described as “associated” are not part of offered as a convenience to our clients and Christie’s (c) internet bidders through ‘Christie’s LIVE™ (as
condition by Christie’s or by the seller. the original watch and may not be authentic. Clocks is not responsible for any error (human or otherwise), shown above in paragraph B6); and
(b) Any reference to condition in a catalogue entry may be sold without pendulums, weights or keys. omission, or breakdown in providing these services. (d) written bids (also known as absentee bids or
or in a condition report will not amount to a (b) As collectors’ watches often have very fine and (a) Phone Bids commission bids) left with us by a bidder before
full description of condition, and images may not complex mechanisms, you are responsible for any Your request for this service must be made no the auction.
show a lot clearly. Colours and shades may look general service, change of battery, or further repair later than 24 hours prior to the auction. We will
different in print or on screen to how they look work that may be necessary. We do not give a accept bids by telephone for lots only if our staff 5 BIDDING ON BEHALF OF THE SELLER
on physical inspection. Condition reports may be warranty that any watch is in good working order. are available to take the bids. If you need to bid in a The auctioneer may, at his or her sole option, bid
available to help you evaluate the condition of a Certificates are not available unless described in the language other than in English, you must arrange this on behalf of the seller up to but not including the
lot. Condition reports are provided free of charge catalogue. well before the auction. We may record telephone amount of the reserve either by making consecutive
as a convenience to our buyers and are for guidance (c) Most wristwatches have been opened to find out bids. By bidding on the telephone, you are agreeing bids or by making bids in response to other bidders.
only. They offer our opinion but they may not refer the type and quality of movement. For that reason, to us recording your conversations. You also agree The auctioneer will not identify these as bids made on
to all faults, inherent defects, restoration, alteration wristwatches with water resistant cases may not be that your telephone bids are governed by these behalf of the seller and will not make any bid on behalf
or adaptation because our staff are not professional waterproof and we recommend you have them Conditions of Sale. of the seller at or above the reserve. If lots are offered
restorers or conservators. For that reason condition checked by a competent watchmaker before use. (b) Internet Bids on Christie’s LIVE™ without reserve, the auctioneer will generally decide
reports are not an alternative to examining a lot in Important information about the sale, transport and For certain auctions we will accept bids over to open the bidding at 50% of the low estimate for the
person or seeking your own professional advice. It is shipping of watches and watchbands can be found in the Internet. For more information, please visit lot. If no bid is made at that level, the auctioneer may
your responsibility to ensure that you have requested, paragraph H2(f). https://www.christies.com/buying-services/ decide to go backwards at his or her sole option until a
received and considered any condition report. buying-guide/register-and-bid/ As well as these bid is made, and then continue up from that amount. In
B REGISTERING TO BID Conditions of Sale, internet bids are governed by the the event that there are no bids on a lot, the auctioneer
4 VIEWING LOTS PRE-AUCTION 1 NEW BIDDERS Christie’s LIVE™ Terms of Use which are available may deem such lot unsold.
(a) If you are planning to bid on a lot, you should (a) If this is your first time bidding at Christie’s or you on is https://www.christies.com/LiveBidding/
inspect it personally or through a knowledgeable are a returning bidder who has not bought anything OnlineTermsOfUse.aspx. 6 BID INCREMENTS
representative before you make a bid to make sure from any of our salerooms within the last two years (c) Written Bids Bidding generally starts below the low estimate and
that you accept the description and its condition. you must register at least 48 hours before an auction You can find a Written Bid Form at the back of our increases in steps (bid increments). The auctioneer will
We recommend you get your own advice from a begins to give us enough time to process and approve catalogues, at any Christie’s office, or by choosing the decide at his or her sole option where the bidding should
restorer or other professional adviser. your registration. We may, at our option, decline to sale and viewing the lots online at www.christies. start and the bid increments. The usual bid increments
(b) Pre-auction viewings are open to the public free of permit you to register as a bidder. You will be asked com. We must receive your completed Written are shown for guidance only on the Written Bid Form at
charge. Our specialists may be available to answer for the following: Bid Form at least 24 hours before the auction. Bids the back of this catalogue.
questions at pre-auction viewings or by appointment. (i) for individuals: Photo identification (driver’s must be placed in the currency of the saleroom. The
licence, national identity card, or passport) and, auctioneer will take reasonable steps to carry out 7 CURRENCY CONVERTER
5 ESTIMATES if not shown on the ID document, proof of your written bids at the lowest possible price, taking into The saleroom video screens (and Christies LIVE™) may
Estimates are based on the condition, rarity, quality current address (for example, a current utility bill account the reserve. If you make a written bid on show bids in some other major currencies as well as US
and provenance of the lots and on prices recently or bank statement); a lot which does not have a reserve and there is no dollars. Any conversion is for guidance only and we
paid at auction for similar property. Estimates can (ii) for corporate clients: Your Certificate of higher bid than yours, we will bid on your behalf at cannot be bound by any rate of exchange used. Christie’s
change. Neither you, nor anyone else, may rely on any Incorporation or equivalent document(s) around 50% of the low estimate or, if lower, the is not responsible for any error (human or otherwise),
estimates as a prediction or guarantee of the actual showing your name and registered address amount of your bid. If we receive written bids on a omission or breakdown in providing these services.
selling price of a lot or its value for any other purpose. together with documentary proof of directors and lot for identical amounts, and at the auction these are
Estimates do not include the buyer’s premium or beneficial owners; and the highest bids on the lot, we will sell the lot to the
any applicable taxes. (iii) for trusts, partnerships, offshore companies and bidder whose written bid we received first.
other business structures, please contact us in
advance to discuss our requirements.
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