WATCHES

CONDITIONS OF SALE Taking part in an Auction implies the entire and unconditional acceptance of the Conditions of Sale outlined in this Catalogue. Bidders are required to read carefully the section of the Catalogue containing the purchase terms of the Lots for sale by ART CONTACT SARL (hereafter ART CONTACT). ESTIMATES Beside each Lot description in the Catalogue there is an indication of the Estimate for potential Purchasers. In each case, all the Lots, in light of market interest, may achieve prices that are either superior to or inferior to the indicated Estimates. The Estimates published in the Auction Catalogue may be subject to revision and do not include the purchase commission (buyer’s premium) and VAT. RESERVE The reserve price corresponds to the minimum price agreed upon between ART CONTACT and the SELLER, beneath which the Lot will not be sold. Lots offered with no reserve are indicated in the Catalogue with the Estimate in RED and with the description O.l. These Lots are sold to the highest Bidder independently of the published Estimates. VIEWING BEFORE THE AUCTION Each Auction is preceded by a Viewing which is open, admission free, to the public. Opening times are shown in the first few pages of this Catalogue. The Viewing enables all Purchasers to undertake an appropriate examination of the Lots for sale and to verify all aspects related to the Lot, such as authenticity, state of preservation, materials and provenance etc. WATCH AND CLOCK SALES The descriptions in the catalogue for watches and clocks in relation to preservation and/or restorations are given as guidelines to the prospective buyer but may under no circumstance be considered all-inclusive. The Condition reports which ART CONTACT may send, on request of a prospective buyer, do not reflect an exhaustive description and so- me restorations or imperfections may not be mentioned. Condition reports are statements of opinion given by our Experts and are purely subjective and do not constitute a guarantee that may substitute a direct examination by the prospective buyer. Prospective buyers should personally inspect the condition of each lot in order to ascertain its effective state, both from the technical and the aesthetical points of view. Lots are sold in their present state and the fact that an imperfection or a restoration is not mentioned does not imply that the imperfection or restoration does not exist. Watches, because of their mechanical and functional nature, are normally used and kept up and possibly re- paired, in the course of their existence: they are examined by the Experts of ART CONTACT prior to the sale, but ART CONTACT gives no guarantee that they are in working order, free of repairs or in the presence of non-original parts. Wristwatches in water-resistant cases have been opened to examine their movements: therefore, ART CONTACT suggests that such a watch be controlled by an authorized dealer before using the same in conditions where water is present. As concerns quartz movement watches, no information is given about working order if the battery, at the moment of examination, is discharged. All documents regarding watches, if not otherwise specified, are not present. All straps and bracelets, if not otherwise specified, are not to be considered original. Straps made of organic material are associated with the watch for display purposes only: prospective buyers are aware that the importation to foreign countries of materials derived from endangered or otherwise protected species (purely as an example: tortoiseshell, ivory) are subject to CITES international rules. Prospective buyers should therefore acquire the necessary information on such restrictions prior to their participation in the sale for lots containing, even though partially, materials falling under these rules. Indications of weight, if included in the Condition report, are to be considered gross and purely indicative, as are weights in carats of precious stones, indications of the nature of precious stones or other precious materials and measures of cases. STATE OF PRESERVATION The Lots are sold in their current state. We recommend, therefore, that potential Purchasers check the state of preservation of the Lots/s, as well as the type of Lot/s being offered, before the Sale. The Experts of ART CONTACT will be happy to provide upon request reports on the state of preservation of the Lots on sale. The descriptions in the Catalogues merely represent the opinion of our Experts and may be subject to further revisions that will, in due course, be given to the public during the Auction. TAKING PART IN AN AUCTION Taking part in an Auction may occur by means of the Bidder being pre- sent in the Auction room, or by means of written or telephone Bids that ART CONTACT will gladly carry out for potential Purchasers. This service is free of charge and, therefore, ART CONTACT bears no form of responsibility for this service. ART CONTACT will, therefore, not be re- sponsible for any Bids inadvertently mislaid or for mistakes in relation to the latter. New Purchasers will have to provide sufficient bank references by means of a Presentation Letter supplied by the Purchaser’s bank to ART CONTACT, 6 avenue Saint Michel, 98000 Monaco. BIDDING IN PERSON In order to bid in person, potential Purchasers have to register and collect a bidding number by filling out the Bidding Form and providing a valid document of identification and tax code number. All Lots sold will be invoiced to the name and address supplied when collecting the Bidding Number and they will not be able to be transferred to other names and/or addresses. Should a potential Purchaser wish to bid on be- half of a third party, s/he should inform ART CONTACT before the beginning of the Auction. ABSENTEE AND TELEPHONE BIDS In order to bid by means of written or telephone Bids potential purchasers have to fill out the Bidding Form in this Catalogue and send it by fax to the number +39 010 2517767 or email to info@artcontactmonaco.com at least SEVEN hours before the beginning of the Auction. Bids must be in euro and do not include Auction commissions and charges and taxation as laid down by the Law. Written Bids are carried out on behalf of the Bidder at the lowest price possible in consideration of the reserve price and the other Bids offered. In the absence of a higher Bid, written Bids undertaken on Lots without a reserve (indicated by the Estimate in RED) will be sold at approximately 50% of the lowest estimate or at the figure corresponding to the Bid, even though lower than 50% of the lowest Estimate. Telephone Bids are organised by ART CONTACT according to the availability of the telephone lines being used and exclusively for Lots that have a maximum Estimate of at least 500 euro. Telephone calls during the Auction may be recorded. Potential purchasers who bid by telephone consent to the recording of their conversations. LIVE BIDDING You can bid online going on the website www.wannenesgroup.com on the on-air sale section and following the instructions HAMMER PRICE The Hammer Price indicates that a Sale of a Lot has been made and at that moment the Purchaser assumes full responsibility for the Lot. As well as the hammer price the Purchaser has to recognise the commissions (buyer’s premium) to be paid to ART CONTACT and the taxes to be paid as laid down by the Law. PAYMENT Purchasers have to carry out payment for the Lot/s by 10 working days from the date of the Auction by means of: A) Cash payments are accepted, according to the law of Principality of Monaco. B) Bank transfer payable to ART CONTACT SARL: Bank: SOCIETE DE BANQUE MONACO IBAN: MC58 1209 8041 2510 7244 0020 046 SWIFT BIC: SDBMMCM2XXX C) Certain credit/debit cards are accepted with a surcharge on the total invoice value for foreign cards. Please contact ART CONTACT for further information. If paying by bank transfer, the amount received after the deduction of any bank fee and/or conversion of the currency of payment to euro must not be less than the euro amount payable, as set out on the invoice ART CONTACT may, upon agreement with the Seller, offer those Purchasers it deems reliable the possibility to pay for Lots in instalments. Potential purchasers who wish to undertake payment by instalments should contact the Management of ART CONTACT before the Sale. COLLECTION OF LOTS Purchasers must collect the Lot/s by 15 working days from the date of the Auction. At the end of this span of time, ART CONTACT will not be responsible either for the custody of the Lot/s or for any damage that may occur to the Lot/s upon their removal to an appropriate ware- house. ART CONTACT will charge the Purchaser with the costs of insurance and storage as laid down in the Chart available to Customers in the headquarters of the Company. When collecting the Lot/s, the Purchaser must provide ART CONTACT with a valid document of identity. Should the Purchaser request a Third Party to collect the Lot/s already paid for, the latter should possess a piece of written permission signed by the Purchaser and a photocopy of the Purchaser’s document of identity. The Lot/s are given to the Purchaser or the Third Party only upon payment having taken place. If purchased Lot/s are collected after the above-mentioned time limit the Auction House may debit the costs of storage (by month or part of a month) as follows: 100 euro + VAT for Furniture 50 euro + VAT for Paintings 25 euro + VAT for Objects of art SHIPPING OF LOTS ART CONTACT staff will be glad to ship Lots purchased according to writ- ten instructions given by the Purchaser, following payment of the Lot/s concerned. Shipping will be at the risk and expense of the Purchaser who, by means of a written communication, will have to sub-tract ART CONTACT from any responsibility concerning such an operation. Furthermore, our Staff is available for evaluations and advice in relation to the shipping methods employed and insurance of the Lot/s. EXPORT OF THE LOTS PURCHASED Certificates of exportation may be required for a cater of lots and a custom authorization may be requested. The French State has the option of giving or not the export license in the case the lot is regarded as national treasure. ART CONTACT has no responsibility in case the export license is denied. NOTICE Every lot with any electric equipment is sold as "not working" and it should be totally re-conditioned. ART CONTACT is not responsible for any incorrect, wrong use of sold lots or for any non-compliance with instructions. The words “....year.....†or the date cited in the lots description indicates the period from when the said lot was first produced, unless other- wise specified. The descriptive image in the catalogue and website might not faithfully represent the lots at auction. The Auction House always recommends directly viewing the lots before making any bids. In case it is not possible to directly view the lots in person, a bidder may request a condition report in order to receive additional and detailed images of the lot/s. The Purchaser explicitly authorises ART CONTACT. to use freely and at no cost the photographs depicting the auction lots for any purpose whatsoever for exemplary - but not necessarily exhaustive purposes - in terms of publicity, internet usage or usage by any other means, as well as publication in the Magazine and/or magazines published by third parties. TERMINOLOGY AND DEFINITIONS Affirmations concerning the Author, attribution, origin, period, provenance and conditions of the Lot/s in the Catalogue are to be considered as the personal opinion of the Experts and Scholars who may have been consulted and do not necessarily represent fact. TITIAN: in our opinion, the work is the work of the artist. ATTRIBUTED TO TITIAN: in our opinion, the work is probably by the artist, but there is no absolute certainty. TITIAN’S WORKSHOP/STUDIO: in our opinion, the work is by an unknown painter working in the artist’s workshop/studio who may or may not have undertaken the painting under the artist’s supervision. TITIAN’S CIRCLE: in our opinion, the work is by an unknown painter who is in some way connected or associated to the artist, although not necessarily a pupil of the artist. STYLE OF/FOLLOWER OF TITIAN: in our opinion, the work is by a painter who was contemporary or almost contemporary to the artist, working in the same style as the artist, without being necessarily connected to him by an artist-pupil relationship. MANNER OF TITIAN: in our opinion, the work has been carried out in the style of the artist but subsequent to the period of the artist. FROM TITIAN: in our opinion, the work is a copy of a painting by the artist. INTHESTYLEOF...:in our opinion, the work is in the style mentioned but from a later period. SIGNED – DATED – INSCRIBED: in our opinion, the signature and/or date and/or inscription are by the artist. BEARING SIGNATURE – DATE – INSCRIPTION: in our opinion, the signature and/or date and/or inscription have been added. The dimensions supplied are HEIGHT first, followed by WIDTH.