Sale conditions
LIVE BID
Internet Bidder will pay the same Premium as in the auctionroom.
Purchasers will not pay in addition an Internet fee at 3%, The Internet fee is including in the global Premium.
Please note that the 3% of Internet fee is included in our premium. There are no additional Internet charges.
The operator of voluntary sale is adherent to the Central Registry prevention of unpaid Auctioneers from which payment incidents are likely to registration. The rights of access, rectification and opposition for legitimate reasons are to be exercised by the obligor with the Symev 15, rue Freycinet 75016 Paris.
ESTIMATES
An estimate in euros of the likely sale price is published after each lot. This is provided for indication only. The hammer price may of course be above or below this estimate.
CONDITIONS OF SALE
The highest and final bidder is deemed to be the purchaser, and must provide his / her name and address. No lot will be transferred to the purchaser before it has been paid for in full. In the event of payment by cheque or bank transfer, property may be withheld until payment has been cleared. Any storage costs that may result are to be paid by the purchaser.
In addition to the amount of the winning bid, the following premium per lot is also due :
BUYER'S PREMIUM
30 % inc. tax, up to 150 000 € (25 % + VAT 20 %)
24 % inc. tax, from 150 001 € to 1000 000 € (20 % + VAT 20 %)
14.40 % inc. tax, above 1000 001 € (12 % + VAT 20 %)
For books :
26.37 % inc. tax, up to 150 000 € (25 % + VAT 5.5 %)
21.10 % inc. tax, from 50 001 € to 1000 000 € (20 % + VAT 5.5 %)
12.66 % inc. tax, above 1000 001 € (12 % + VAT 5.5 %)
Wine
21.60% Including VAT (18% excluding VAT + VAT 20%)
Lots preceded by the symbol ƒ are subject to an additional premium of 7% + VAT (68.372 % inc. VAT) on the hammer price. Lots preceded by the symbol • are subject to an additional premium of 19.6 % + VAT (23.44 % inc. VAT) on the hammer price. In some instances these additional costs may be reimbursed. For further information, please call our accounts department on +33 (0)1 53 34 10 17.
In the event of a dispute at the fall of the hammer, i.e. if two or more bidders simultaneously make the same bid, either vocally or by sign, and claim title to the lot after the word « adjugé »has been pronounced, the said lot shall be immediately reoffered for sale, at the price of the final bid, and all those present may take part in the bidding.
Any changes to the conditions of sale or to the descriptions in the catalogue shall be announced verbally during the sale, and appended to the official sale record (procès-verbal).
PAYMENT
1 the sale shall be conducted in euros. All payments must be effected in the same currency.
2 payment is due immediately after the sale.
3 property may be paid for in the following ways :
- by credit card in the saleroom (VISA or MASTERCARD)
- by crossed cheque in euros, upon presentation of valid proof of identity
- by bank transfer in euros :
HSBC
CCFRFRPP et FR76 3005 6009 1709 1700 3866 868
4 wherever payment is made by cheque from a foreign bank account, the purchase will not be delivered until Piasa receives the bank agreement.
5 in cash :
- up to € 3 000 (inc. premium) for French citizens or professionnal activities
- up to € 15 000 (inc. premium) for foreign non professionnal citizens upon presentation of valid proof of identity.
PIASA's Buyers' Accounts Department is open weekdays
9am - 6pm. (tel +33 (0)1 53 34 10 17)
IMPORTANT NOTICE TO BUYERS ON STORAGE & COLLECTION OF PURCHASES
Potential purchasers are invited to examine and assess the condition of items they may wish to buy before the auction, notably during the pre-sale viewing.
PIASA is happy to provide condition reports for individual lots upon request. No claims will therefore be entertained after the fall of the hammer.
1
BULKY ITEMS (furniture, pictures & objects)
purchased at auction, and not collected from the saleroom by 10am the day after the sale, will be stored in Basement Level 3 at the Hôtel Drouot, and can be collected at the following times: Monday - Friday: 1pm - 5:30pm and Saturday: 8am -10 am
warehouse :
Storage - 5, boulevard Ney 75018 Paris (métro Porte de la Chapelle)
Horaires : De 9h à 12h et de 14h à 17h du lundi au vendredi
Contact 01 40 34 88 84 ou 01 40 34 88 81
The bordereau (bidding slip), indicating proof of payment, must be presented when property is collected. Storage costs are due at the current rate.
2
SMALL ITEMS purchased at auction and not collected after the sale will be transported to the PIASA offices and kept free of charge for a fortnight.
Thereafter the purchaser will be charged storage costs at the rate of € 3 + tax, per day and per lot.
3
INSURANCE
At the fall of the hammer the title of property shall be transferred to the purchaser, who assumes immediate responsibility for insurance. Uncollected property will be stored at the buyer's risk and expense.
PIASA declines liability for lots placed in storage.
PAYMENT
Payment is due within seven days after the auction.
Lots will be released to the Buyers only when the payment is made in full. All shipping charges will be at the Buyers expenses. Any buyer that does not make payment will automatically be blocked from future auctions.
Payment must be made by cash, check, certified check, wire transfer or money order. Purchases paid using personal or business checks may be held until payment has cleared. Payment can also make by credit card (Visa or MasterCard) or PayPal, with 4% fees.
All items purchased are subject to payment of the Virginia sales tax of 6% on the total purchase price (final bid plus the Buyer's Premium). An exempt purchaser must provide a properly completed Virginia State Resale Certificate (Form ST-120) or the equivalent resale authorization from another State. Purchases will not be released unless all sales tax requirements are satisfied. Purchases shipped outside of VA State are not subject to sales tax.
Please contact us at 703-476-2199 or info@theredfinch.net to arrange payment.
DIVERS
Contact :
Lucie Moutier
+33 (0)1 57 27 40 32
gala@icm-institute.org
Fees 0%, Charity auction with no auction fee, all funds raised will be fully invested in research against diseases of the nervous system.
Fees: Because of the charitable character of this sale, PIASA will not charge a buyers premium.
