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CONDITIONS OF SALE prediction or guarantee of the actual selling price of and other business structures, please contact C AT THE SALE
These Conditions of Sale and the Important a lot or its value for any other purpose. Estimates us in advance to discuss our requirements. 1 WHO CAN ENTER THE AUCTION
Notices and Explanation of Cataloguing Practice do not include the buyer’s premium or any (b) We may also ask you to give us a financial We may, at our option, refuse admission to our premises
set out the terms on which we offer the lots applicable taxes. reference and/or a deposit as a condition of or decline to permit participation in any auction or to
listed in this catalogue for sale. By registering to 6 WITHDRAWAL allowing you to bid. For help, please contact our reject any bid.
bid and/or by bidding at auction you agree to Christie’s may, at its option, withdraw any lot from Credit Department at +1 212-636-2490.
these terms, so you should read them carefully auction at any time prior to or during the sale of the 2 RESERVES
before doing so. You will find a glossary at the lot. Christie’s has no liability to you for any decision 2 RETURNING BIDDERS Unless otherwise indicated, all lots are subject to a reserve.
end explaining the meaning of the words and to withdraw. As described in paragraph B(1) above, we may at our We identify lots that are offered without reserve with the
expressions coloured in bold. option ask you for current identification, a financial symbol • next to the lot number. The reserve cannot be
7 JEWELLERY reference, or a deposit as a condition of allowing you more than the lot’s low estimate.
Unless we own a lot in whole or in part (Δ (a) Coloured gemstones (such as rubies, sapphires and to bid. If you have not bought anything from any of
symbol), Christie’s acts as agent for the seller. our salerooms within the last two years or if you want "6$5*0/&&3ŝ4%*4$3&5*0/
emeralds) may have been treated to improve their to spend more than on previous occasions, please The auctioneer can at his or her sole option:
A BEFORE THE SALE look, through methods such as heating and oiling. contact our Credit Department at +1 212-636-2490. (a) refuse any bid;
1 DESCRIPTION OF LOTS These methods are accepted by the international (b) move the bidding backwards or forwards in any way
(a) Certain words used in the catalogue jewellery trade but may make the gemstone less 3 IF YOU FAIL TO PROVIDE THE
strong and/or require special care over time. RIGHT DOCUMENTS he or she may decide, or change the order of the lots;
description have special meanings. You (b) All types of gemstones may have been improved (c) withdraw any lot;
can find details of these on the page headed by some method. You may request a If in our opinion you do not satisfy our bidder (d) divide any lot or combine any two or more lots;
“Important Notices and Explanation of gemmological report for any item which does not identification and registration procedures including, (e) reopen or continue the bidding even after the
Cataloguing Practice” which forms part of have a report if the request is made to us at least but not limited to completing any anti-money
these terms. You can find a key to the Symbols three weeks before the date of the auction and laundering and/or anti-terrorism financing checks hammer has fallen; and
found next to certain catalogue entries under you pay the fee for we may require to our satisfaction, we may refuse (f) in the case of error or dispute and whether during or
the section of the catalogue called “Symbols the report. to register you to bid, and if you make a successful
Used in this Catalogue”. (c) We do not obtain a gemmological report for bid, we may cancel the contract for sale between you after the auction, to continue the bidding, determine
(b) Our description of any lot in the catalogue, every gemstone sold in our auctions. Where we and the seller. the successful bidder, cancel the sale of the lot, or
any condition report and any other statement do get gemmological reports from internationally reoffer and resell any lot. If any dispute relating
made by us (whether orally or in writing) accepted gemmological laboratories, such reports 4 BIDDING ON BEHALF OF to bidding arises during or after the auction, the
about any lot, including about its nature will be described in the catalogue. Reports ANOTHER PERSON auctioneer’s decision in exercise of this option
or condition, artist, period, materials, from American gemmological laboratories will is final.
approximate dimensions, or provenance describe any improvement or treatment to the If you are bidding on behalf of another person,
are our opinion and not to be relied upon gemstone. Reports from European gemmological that person will need to complete the registration 4 BIDDING
as a statement of fact. We do not carry out laboratories will describe any improvement or requirements above before you can bid, and supply The auctioneer accepts bids from:
in-depth research of the sort carried out treatment only if we request that they do so, but a signed letter authorising you to bid for him/her. A (a) bidders in the saleroom;
by professional historians and scholars. All will confirm when no improvement or treatment bidder accepts personal liability to pay the purchase (b) telephone bidders;
dimensions and weights are approximate only. has been made. Because of differences in approach price and all other sums due unless it has been agreed (c) internet bidders through ‘Christie’s LIVE™ (as
and technology, laboratories may not agree in writing with Christie’s, before commencement
2 OUR RESPONSIBILITY FOR OUR whether a particular gemstone has been treated, of the auction, that the bidder is acting as an agent shown above in paragraph B6); and
DESCRIPTION OF LOTS the amount of treatment, or whether treatment is on behalf of a named third party acceptable to (d) written bids (also known as absentee bids or
permanent. The gemmological laboratories will Christie’s and that Christie’s will only seek payment
We do not provide any guarantee in relation to only report on the improvements or treatments from the named commission bids) left with us by a bidder before
the nature of a lot apart from our authenticity known to the laboratories at the date of the third party. the auction.
warranty contained in paragraph E2 and to the report.
extent provided in paragraph I below. (d) For jewellery sales, estimates are based on the 5 BIDDING IN PERSON 5 BIDDING ON BEHALF OF THE SELLER
information in any gemmological report. If no If you wish to bid in the saleroom you must register The auctioneer may, at his or her sole option, bid on
3 CONDITION report is available, assume that the gemstones may for a numbered bidding paddle at least 30 minutes behalf of the seller up to but not including the amount
(a) The condition of lots sold in our auctions have been treated or enhanced. before the auction. You may register online at www. of the reserve either by making consecutive bids
christies.com or by making bids in response to other bidders. The
can vary widely due to factors such as age, 8 WATCHES & CLOCKS or in person. For help, please contact the Credit auctioneer will not identify these as bids made on behalf
previous damage, restoration, repair and wear (a) Almost all clocks and watches are repaired in Department on +1 212-636-2490. of the seller and will not make any bid on behalf of the
and tear. Their nature means that they will seller at or above the reserve. If lots are offered without
rarely be in perfect condition. Lots are sold their lifetime and may include parts which are 6 BIDDING SERVICES reserve, the auctioneer will generally decide to open
“as is,” in the condition they are in at the not original. We do not give a warranty that The bidding services described below are a free the bidding at 50% of the low estimate for the lot. If
time of the sale, without any representation or any individual component part of any watch is service offered as a convenience to our clients and no bid is made at that level, the auctioneer may decide
warranty or assumption of liability of any kind authentic. Watchbands described as “associated” Christie’s is not responsible for any error (human or to go backwards at his or her sole option until a bid is
as to condition by Christie’s or by the seller. are not part of the original watch and may not otherwise), omission, or breakdown in providing made, and then continue up from that amount. In the
(b) Any reference to condition in a catalogue be authentic. Clocks may be sold without these services. event that there are no bids on a lot, the auctioneer may
entry or in a condition report will not pendulums, weights or keys. (a) Phone Bids deem such lot unsold.
amount to a full description of condition, and (b) As collectors’ watches often have very fine and
images may not show a lot clearly. Colours complex mechanisms, you are responsible for Your request for this service must be made no 6 BID INCREMENTS
and shades may look different in print or any general service, change of battery, or further later than 24 hours prior to the auction. We will Bidding generally starts below the low estimate and
on screen to how they look on physical repair work that may be necessary. We do not accept bids by telephone for lots only if our staff increases in steps (bid increments). The auctioneer will
inspection. Condition reports may be give a warranty that any watch is in good are available to take the bids. If you need to bid in decide at his or her sole option where the bidding should
available to help you evaluate the condition working order. Certificates are not available unless a language other than in English, you must arrange start and the bid increments. The usual bid increments
of a lot. Condition reports are provided free described in the catalogue. this well before the auction. We may record are shown for guidance only on the Written Bid Form at
of charge as a convenience to our buyers and (c) Most wristwatches have been opened to find out telephone bids. By bidding on the telephone, you the back of this catalogue.
are for guidance only. They offer our opinion the type and quality of movement. For that reason, are agreeing to us recording your conversations.
but they may not refer to all faults, inherent wristwatches with water resistant cases may not be You also agree that your telephone bids are 7 CURRENCY CONVERTER
defects, restoration, alteration or adaptation waterproof and we recommend you have them governed by these Conditions of Sale. The saleroom video screens (and Christies LIVE™) may
because our staff are not professional restorers checked by a competent watchmaker before use. (b) Internet Bids on Christie’s LIVE™ show bids in some other major currencies as well as US
or conservators. For that reason condition Important information about the sale, transport For certain auctions we will accept bids over dollars. Any conversion is for guidance only and we
reports are not an alternative to examining a and shipping of watches and watchbands can be the Internet. Please visit www.christies.com/ cannot be bound by any rate of exchange used. Christie’s
lot in person or seeking your own professional found in paragraph H2(f). livebidding and click on the ‘Bid Live’ icon to is not responsible for any error (human or otherwise),
advice. It is your responsibility to ensure that see details of how to watch, hear and bid at the omission or breakdown in providing these services.
you have requested, received and considered B REGISTERING TO BID auction from your computer. In addition to these
any condition report. 1 NEW BIDDERS Conditions of Sale, internet bids are governed 8 SUCCESSFUL BIDS
(a) If this is your first time bidding at Christie’s or by the Christie’s LIVE™ terms of use which are Unless the auctioneer decides to use his or her discretion
4 VIEWING LOTS PRE-AUCTION available on as set out in paragraph C3 above, when the auctioneer’s
(a) If you are planning to bid on a lot, you you are a returning bidder who has not bought www.christies.com. hammer strikes, we have accepted the last bid. This
anything from any of our salerooms within the (c) Written Bids means a contract for sale has been formed between the
should inspect it personally or through a last two years you must register at least 48 hours You can find a Written Bid Form at the back seller and the successful bidder. We will issue an invoice
knowledgeable representative before you before an auction begins to give us enough time to of our catalogues, at any Christie’s office, or by only to the registered bidder who made the successful
make a bid to make sure that you accept the process and approve your registration. We may, at choosing the sale and viewing the lots online at bid. While we send out invoices by mail and/or email
description and its condition. We recommend our option, decline to permit you to register as a www.christies.com. We must receive your after the auction, we do not accept responsibility for
you get your own advice from a restorer or bidder. You will be asked for the following: completed Written Bid Form at least 24 hours telling you whether or not your bid was successful. If
other professional adviser. (i) for individuals: Photo identification (driver’s before the auction. Bids must be placed in the you have bid by written bid, you should contact us
(b) Pre-auction viewings are open to the public currency of the saleroom. The auctioneer will by telephone or in person as soon as possible after the
free of charge. Our specialists may be available licence, national identity card, or passport) take reasonable steps to carry out written bids at auction to get details of the outcome of your bid to
to answer questions at pre-auction viewings or and, if not shown on the ID document, proof the lowest possible price, taking into account the avoid having to pay unnecessary storage charges.
by appointment. of your current address (for example, a current reserve. If you make a written bid on a lot which
utility bill or bank statement); does not have a reserve and there is no higher bid 9 LOCAL BIDDING LAWS
5 ESTIMATES (ii) for corporate clients: Your Certificate of than yours, we will bid on your behalf at around You agree that when bidding in any of our sales that you
Estimates are based on the condition, rarity, Incorporation or equivalent document(s) 50% of the low estimate or, if lower, the amount will strictly comply with all local laws and regulations in
quality and provenance of the lots and on showing your name and registered address of your bid. If we receive written bids on a lot for force at the time of the sale for the relevant sale site.
prices recently paid at auction for similar together with documentary proof of directors identical amounts, and at the auction these are the
property. Estimates can change. Neither you, and beneficial owners; and highest bids on the lot, we will sell the lot to the
nor anyone else, may rely on any estimates as a (iii) for trusts, partnerships, offshore companies bidder whose written bid we received first.
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