Weekly Auctions of Exceptional Items
DoneSat, Dec 07, 2019 2:00 PM UTC
EXCLUSIVE TIMEPIECES by Monaco Legend Auctions December 7, 2019 3:00 PM CET
Terms & Conditions
CONDITIONS AND INFORMATION FOR BUYERS The sale is subject to the Monégasque legislation and to the terms printed in this catalogue. It is important to read the following conditions. Useful information is given on the methods to buy at auction. Our team remains at your disposal to inform and assist you. VAT FOR NON-EUROPEAN BUYERS Non-European buyers will directly receive the invoice excluding VAT under certain conditions: the item(s) must have been shipped outside of Europe within a delay of 3 months from the date of the sale and Monaco Legend Group must appear as a shipper on the export document and the buyer as the consignee. The exportation has to be done within the legal delays and a maximum of 3 months of the date of the sale. CURRENCY CONVERSION Auctions are conducted in Euro in Monaco. A currency conversion board is made available in the saleroom and online, indicating approximate exchange rates for various major currencies. INDICATIVE NATURE OF THE ESTIMATES The estimates are intended as a guide only. Any bid between the high and the low pre-sale estimates offers a fair chance of success. lt is always advisable to consult us nearer the time of sales as estimates can be subject to revision. The estimates set out in the catalogue do not include the buyer?s premium. CONDITION OF THE LOTS Lot descriptions provide technical data carefully compiled by our experts for each lot in the sale and are often enhanced by historical or biographical comments. ? Auction catalogue can be viewed at www.monacolegendauctions.com. ? Estimates are listed at the end of each lot description and are an indication of the price range the lot is expected to fetch. Estimates do not include the buyer?s premium or sales tax. We are at your disposal to provide you a detailed report on the conditions of the lots. All lots are sold in the condition in which they were offered for sale with all their imperfections and defects. Dimensions, colors and weight of the products are provided for information purposes only and are not binding. No claim can be accepted for minor restoration or small damages. It is the responsibility of each prospective bidder to inspect each lot prior to the sale and to rely on their own judgment to acquaint with the characteristics and the potential repairs or restorations. No claim can be considered once the auction is pronounced. ? Restored or repainted dials regarded as protective measures and not as vices will not be reported. The conditions of the bracelets and the water resistance of the screwedback watches are not guaranteed, and neither are the deployment clasps and tang buckles. It is important to note most of the waterproof watches have been opened to identify the type and quality of the movement. ? There is no guarantee the watches are still resistant to water and it is recommended to consult your watchmaker before using the item. ? Dimensions of the watches are provided for information purposes only. ? Absence of any indication of the existence of restoration work or of an accident by no means exempt the jewelry from having a defect. ? Precious and semi-precious stones may have been subject to treatments with the intention to showcase them. (i.e.: oil treatment of emeralds, heat treatment for rubies and sapphires, whitening of pearls). ? These treatments are traditional and accepted by the jewels international market. ? Considering the rise of new treatments, the stones submitted to the auction with no certificates will be sold without guarantees about the treatment. ? It shall be stated that the origin of the stones and their quality (color and purity of the diamonds) reflect the opinion of the laboratory issuing the certificate. No claim will be accepted in case another laboratory gives another opinion, and will in no way engage the responsibility of the auctioneer and expert. ? The jewelry advertised in our catalogue as yellow-gold or white-gold with no hallmark are always in gold 18K, that is 750%° ? Gold 14K: 585%° ? Gold 9k: 375%° (Charts) ? Relining, inlay work and varnishing are considered a protective measure and not a vice, they will not be reported. Dimensions are provided for information purposes only. AUCTION PREVIEWS Previews are conducted by Monaco Legend Group prior to each auction and details of these exhibitions are found at the beginning of every catalogue or online. Previews are open to the public and prospective buyers are encouraged to view and examine lots offered for sale prior to making their purchases. REGISTERING TO BID IN THE TRADITIONAL AUCTION Each client wishing to bid at auction is required to register before the sale. Clients may register the morning of the sale, beginning at 9:00 a.m. at the auction venue. Clients will be able to pick up their bidding paddles on the day of the sale, prior to the auction, just outside the saleroom. BIDDING IN THE SALEROOM Lots offered for sale are auctioned in numerical order as they appear in the catalogue. The lot being auctioned is announced by the auctioneer, as well as shown live or illustrated on a screen at the front of the saleroom. Bidders are advised to have the auction catalogue to hand during the sale for reference. ABSENTEE BIDDING [WRITTEN BIDS] If you are unable to bid in person at the auction, you can submit an absentee or written bid. Bid forms are found in every auction catalogue, on the website at www.monacolegendauctions.com, and can be requested at preview exhibitions. Bid forms should be completed and signed accompanied by identity paper, then e-mailed to email@example.com or 13 bd Princesse Charlotte, 98000 Monaco. E-mail bids can be submitted, but must be followed up by mail with a signed bid form. Absentee bids will be processed on your behalf at auction by Monaco Legend Group staff. This service is free of charge. Monaco Legend Group staff will execute the bids at the lowest possible price, taking into account the reserve and other bids. Monaco Legend Group cannot be held responsible for errors, omissions or late-arriving bids. In the event that two identical bids are received, the first bid received by Monaco Legend Group will take precedence. It is GENERAL TERMS & CONDITIONS OF SALE very important that the bidder lists a daytime telephone number in case any part of the bid form is unclear. It is advisable to send the bid form in good time before the auction, especially in the case of new buyers, whose bank references will be checked. Bids submitted in a foreign currency will be converted to ? using the exchange rate on the day of the sale. PLEASE NOTE THAT ALL BID CANCELLATIONS MUST BE RECEIVED IN WRITING. TELEPHONE BIDS You may also participate in Monaco Legend Group auctions by telephone. This service is free of charge and telephone bids will be executed by a Monaco Legend Group staff member in the saleroom. All telephone bids must be confirmed in writing on a completed bid form. Please provide the telephone number(s) at which you can be reached during the sale. Bid forms should be completed, signed and accompanied by identity paper, then e-mailed to firstname.lastname@example.org. Monaco Legend Group will call you during the auction approximately 3 to 10 lots before the lot(s) on which you wish to bid. Language assistance for telephone bidding is available in English, French, Italian and Chinese. Please note that all bid cancellations must be received in writing. CLIENTS ARE ADVISED TO MAKE ARRANGEMENTS FOR TELEPHONE BIDS AT LEAST ONE DAY BEFORE THE SALE. MONACO LEGEND GROUP ONLINE LIVE BIDDING The registration process for online interactive bidding and online absentee bidding is similar to that used for traditional telephone and absentee bidding. On Monaco Legend Group?s secure website, www.monacolegendauctions.com, the following steps must be completed by prospective buyers: ? Register, providing the bidder?s name, address, telephone number, e-mail address, credit card details. NOTE: First time bidders are required to provide a valid ID (passport, identity card or driver license) and credit card information, bank letter. ? Accept Monaco Legend Group?s terms and conditions of sale. ? Submit registration form to Monaco Legend Group secure website. ? Approved bidders will receive an e-mail confirmation to bid online in the auction. Once the auction catalogue is available online, prospective buyers can register or place absentee bids online. Absentee bids are accepted online up until 48 hours prior to the start of the live interactive auction. On auction day, registered online bidders connect to www.monacolegendauctions.com to follow instructions for live interactive bidding. For collectors who simply want to follow the live auction in progress, no registration is needed to view a live internet broadcast made available on the auction day. For additional information about the online bidding system, terms and conditions of use and sale, please contact us email@example.com INVALUABLE BIDDING On Invaluable?s secure website, www.invaluable. com the following steps must be completed by prospective buyers. For users of Invaluable bidding platform, 5% extra fees will be charged of the hammer price plus the buyer?s commission. SUCCESSFUL BIDS When the auctioneer?s hammer falls, the final bid has been reached and the auctioneer will record the bidder?s paddle number, or the absentee bid number. If your bids have been successful, you will be notified by means of an invoice sent by e-mail. You are also welcome to call Monaco Legend Group the day after the auction to request the outcome of your bids. RESULTS OF THE SALE If you would like to know the result of your absentee bids, please contact: Monaco Legend Group: +377 97 775 335 www.monacolegendauctions.com PAYMENT Payment is due immediately after the sale. Payment may be made by the following methods: ? Cash in euros up to ?29 999 ? Credit cards VISA or MASTERCARD. Major credit cards are accepted but fees can be applied for Amex, equivalent of 1.80% total amount. ? Bank transfers to Monaco Legend Group COLLECTION OF PURCHASES Purchases can only be collected after payment. All lots can be collected during or after the session upon presentation of written consent from the Accounting Department of Monaco Legend Group. We recommend the buyers to take delivery of their lots after the sale. PREEMPTION RIGHT The French state is entitled to use preemption right on any works of art presented at the auction, by order of the Minister in charge of culture after the hammer stroke. The State shall have a period of 15 days from the date of the sale to confirm its preemption right. In case of confirmation, the French state shall be subrogated in the buyer?s position. IMPORT/EXPORT RESTRICTIONS AND TAXES Buyers are advised that we will remove bands made of materials derived from endangered or otherwise protected species (i.e. alligator, caiman, lizard, snake?) prior to shipping lots abroad. Buyers are responsible for compliance with any applicable export and import regulations. Moreover certain items made of tortoiseshell, ivory may be subject to importation restrictions in certain countries. Please consult your local customs authority for information on importing items made of these materials. The Buyer is responsible for the payment of all applicable import and export duties and taxes related to the lots purchased. CITES REGULATIONS ?: The documents provided by the study ?Monaco Legend Group? for the CITES articles of the species listed in the annexes A, B or C of the regulation CE338/97 are only valid in the EU. All the exits to a third country shall be subject to an exportation or reexportation permit granted by the CITES Management Authority. In the buyer?s country of residence. We advise you to approach the CITES Management Authority of the country of destination to obtain confirmation of the possibility of importing such articles. Some countries can prohibit the issuing of the documents according to their own specific legislation. These actions have to be taken by the buyer and at their own expense. Contact Monaco Legend Group for more information. SHIPPING AND INSURANCE It will be shipped directly to their location as per buyer?s instructions, with Ferrari Logistiques SAM, Monaco. Please note that buyers are responsible for all shipping fees and any other applicable fees including value-added tax, customs duties, etc. for the importation to their respective countries.
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