Page 156 - Sotheby's Asian Art PARIS, December 10, 2019

All charges due to the storage company • Photographs, films and negatives there such as coral, crocodile, ivory, whalebone, EXPLANATION OF SYMBOLS
must be paid in full by the buyer before of more than 50 years old €15,000 tortoiseshell, etc., irrespective of age
collection of the property by the buyer. or value, require a specific licence from The following key explains the symbols you
• Printed Maps more than 100 years old may see inside this catalogue.
Insurance Sotheby’s accepts liability for €15,000 the French Ministry of the Environment
prior to leaving France. Please note that
loss or damage to lots for a maximum □ No Reserve
period of 30 (thirty) calendar days after • Incunabula and manuscripts including the ability to obtain an export licence or Unless indicated by a box (□), all lots in this
certificate does not ensure the ability to
maps and musical scores (single or in
the date of the auction (including the catalogue are offered subject to a reserve.
date of the auction). After that period, collections) irrespective of value obtain an import licence or certificate A reserve is the confidential hammer
in another country, and vice versa. For
the purchased lots are at the Buyer’s sole • Archaeological items more than 100 price established between Sotheby’s and
responsibility for insurance. years old irrespective of value example, it is illegal to import African
elephant ivory into the United States. the seller and below which a lot will not
Export of cultural goods The export of • Elements of artistic, historic or religious Sotheby’s suggests that buyers check with be sold. The reserve is generally set at a
any property from France or import into monuments more than 100 years old their own government regarding wildlife percentage of the low estimate and will not
any other country may be subject to one irrespective of value import requirements prior to placing a bid. exceed the low estimate for the lot as set
or more export or import licences being • Archives more than 50 years old It is the buyer’s responsibility to obtain out in the catalogue or as announced by
granted. any export or import licences and/or the auctioneer. If any lots in the catalogue
irrespective of value
It is the buyer’s responsibility to obtain any certificates as well as any other required are offered without a reserve, these lots
are indicated by a box (□). If all lots in the
relevant export or import licence. • Any other antique items, including documentation.
jewels, more than 50 years old €50,000 Please note that Sotheby’s is not able catalogue are offered without a reserve, a
Buyers are reminded that property Please note that French regulation to assist buyers with the shipment of Special Notice will be included to this effect
purchased must be paid for immediately n°2004-709 dated 16th July 2004 any lots containing ivory and/or other and the box symbol will not be used.
after the auction.
modifying French regulation n°93-124 restricted materials into the United ○ Guaranteed Property
The denial of any export or import licence dated 29th January 1993, states that «for States. A buyer’s inability to export or The seller of lots with this symbol has
required or any delay in obtaining such the delivery of the French passport, the import these lots cannot justify a delay in been guaranteed a minimum price from
licence cannot justify the cancellation of appendix of the regulation provides for payment or a sale’s cancellation. one auction or a series of auctions. This
the sale or any delay in making payment of some categories, different thresholds will Pre-emption right The French state retains guarantee may be provided by Sotheby’s
the total amount due. depending where the goods will be sent or jointly by Sotheby’s and a third party.
outside or inside the EU». a pre-emption right on certain works of
Sold property will only be delivered to the art and archives which may be exercised Sotheby’s and any third parties providing
buyer or sent to the buyer at their expense, We recommend that you keep any during the auction. In case of confirmation a guarantee jointly with Sotheby’s benefit
following his/her written instructions, once document relating to the import and of the pre-emption right within fifteen (15) financially if a guaranteed lot is sold
the export formalities are complete. export of property, including any licences, days from the date of the sale, the French successfully and may incur a loss if the
as these documents may be required by state shall be subrogated in the buyer’s sale is not successful. If the Guaranteed
. An EU Licence is necessary to export Property symbol for a lot is not included in
from the European Union cultural goods the relevant government authority. position. the printing of the auction catalogue, a pre-
subject to the EU Regulation on the export Please note that when applying for a Considered as works of art, for purposes sale or pre-lot announcement will be made
of cultural property (EEC No. 3911/92) certificate of free circulation for the of pre-emption rights are the following indicating that there is a guarantee on the
Official Journal No. L395 of 31/12/92. property, the authority issuing such categories: lot. If every lot in a catalogue is guaranteed,
Sotheby’s, upon request, may apply for certificate may express its intention to (1) Archaeological objects more than 100 the Important Notices in the sale catalogue
a licence to export your property outside acquire the property within the conditions will so state and this symbol will not be
France (a “Passport”). provided by law. years old found during land based and
underwater searches of archaeological used for each lot.
A French Passport is necessary to move Sales and Use Taxes sites and collections; △ Property in which Sotheby’s has an
from France to another Member State of Buyers should note that local sales taxes (2) Pieces of decoration issuing from Ownership Interest
the EU cultural goods valued at or above or use taxes may become payable upon dismembered buildings;
the relevant French Passport threshold. Lots with this symbol indicate that
import of items following purchase (for Sotheby’s owns the lot in whole or in part
A French Passport may also be necessary example, use tax may be due when (3) Watercolours, gouaches and pastels, or has an economic interest in the lot
drawings, collages, prints, posters and
to export outside the European Union purchased items are imported into certain equivalent to an ownership interest.
cultural goods valued at or above the states in the US). Buyers should obtain their frames;
relevant French Passport limit but below their own advice in this regard. (4) Photographs, films and negatives ⋑ Irrevocable Bids
the EU Licence limit. thereof irrespective of the number;
In the event that Sotheby’s ships items for Lots with this symbol indicate that a
The following is a selection of some of the a purchaser in this sale to a destination (5) Films and audio-visual works; party has provided Sotheby’s with an
categories and a summary of the limits within a US state in which Sotheby’s is (6) Original sculptures or statuary or irrevocable bid on the lot that will be
above which either an EU licence or a registered to collect sales tax, Sotheby’s is copies obtained by the same process and executed during the sale at a value
French Passport is required: obliged to collect and remit the respective castings which were produced under the that ensures that the lot will sell. The
state’s sales / use tax in effect on the total irrevocable bidder, who may bid in
• Watercolours, gouaches and pastels purchase price (including hammer price, artists or legal descendants control and excess of the irrevocable bid, will be
more than 50 years old €30,000 limited in number to less than eight copies,
buyer’s premium, shipping costs and compensated based on the final hammer
• Drawings more than 50 years old insurance) of such items, regardless of the plus four numbered copies by the artists; price in the event he or she is not the
€15,000 country in which the purchaser resides or (7) Contemporary works of art not successful bidder. If the irrevocable
is a citizen. included in the above categories 3) to 6); bidder is the successful bidder, he or she
• Pictures and paintings in any medium on will be required to pay the full Buyer’s
any material more than 50 years old (other Where the purchaser has provided (8) Furniture and decorative works of art; Premium and will not be otherwise
than watercolours, gouaches and pastels Sotheby’s with a valid Resale Exemption compensated. If the irrevocable bid is
above mentioned) €150,000 Certificate prior to the release of the (9) Incunabula and manuscripts, books not secured until after the printing of the
and other printed documents;
property, sales / use tax will not be
• Original sculpture or statuary and copies charged. Clients who wish to provide (10) Collections and specimens from auction catalogue, a pre-sale or pre-lot
produced by the same process as the resale or exemption documentation for zoological, botanical, mineralogy, anatomy announcement will be made indicating
original more than 50 years old €50,000 that there is an irrevocable bid on the
their purchases should contact Post Sale collections ; collections and objects
• Books more than 100 years old singly or Services. presenting a historical, palaeontological, lot. If the irrevocable bidder is advising
anyone with respect to the lot, Sotheby’s
in collection €50,000 ethnographic or numismatic interest;
Clients who wish to have their purchased requires the irrevocable bidder to disclose
• Vehicles more than 75 years old lots shipped to the US by Sotheby’s are (11) Means of transport; his or her financial interest in the lot. If an
€50,000 advised to contact the Post Sale Manager (12) Any other antique objects not included agent is advising you or bidding on your
listed in the front of this catalogue before behalf with respect to a lot identified as
• Original prints, engravings, serigraphs arranging shipping. in the above categories 1) to 11) being subject to an irrevocable bid, you
and lithographs with their respective plates should request that the agent disclose
and original posters more than 50 years Endangered Species Items made of or whether or not he or she has a financial
old €15,000 incorporating plant or animal material
interest in the lot.
154 SOTHEBY’S ARTS D’ASIE