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306: "Ref. PAM 00124 Luminor Panerai " Officine Panera
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Auction ended on May 12th, 2007 UTC
306: "Ref. PAM 00124 Luminor Panerai " Officine Panera
"Ref. PAM 00124 Luminor Panerai " Officine Panerai, Firenze 1860, "Luminor Panerai", Automatic, Power Reserve, No.243482, case No. E383/500, Ref. PAM 00124. Made in a limited edition of 500 examples, sold on October 15th, 2002. Fine, large, cushion-shaped, self-winding, water-resistant, titanium military diver's wristwatch with date and power reserve. Accompanied by a fitted box, a certificate of warrantee and the "Contrôle Officiel Suisse des Chronomètres" certificate.
For condition report contact: firstname.lastname@example.org
- 22.5% up to A$100,000.00
- 19.5% above A$100,000.00
COLLECTION For collection of lots purchased, the buyer will need to contact Antiquorum with instructions. Collection of purchased lots can only take place once the invoice has been paid in full. For more details, contact Claudia De Benedetto at Antiquorum Geneva, Tel.: 41 (0)22 909 28 50. Non-Swiss resident buyers should be aware that all lots not collected within 30 days of the date of the sale will be exported, at the buyer's expense, to our secure free port location. SHIPPING INSURANCE After the buyer has settled the payment of his invoice, Antiquorum may, as an additional service, arrange to have purchased items packed and shipped at the buyer's request and expense. For more details, contact Agnieszka Leki at Antiquorum, Geneva, Tel.: 41 (0)22 909 28 50.
Payment for purchased lots at any Antiquorum auction is due within 7 days of the sale date. For traditional auctions, the buyers premium is 22.5% on the first SFr 100,000 of the hammer price, 19.5% from SFr 100,001 to SFr 250,000, and 16,5% on the hammer price amount in excess of SFr 250,000. ÃÂÃâšÂÃÂ Buyers are required to pay 7.6% VAT on all purchased lots. This amount can be recovered upon proof of export. ÃÂÃâšÂÃÂ Extended payment terms, or special credit terms can be arranged on occasion. ÃÂÃâšÂÃÂ For information regarding payment policies contact Michel Cohendet at Antiquorum Geneva, Tel. 41 (0)22 909 28 50. ÃÂÃâšÂÃÂ Payment can be submitted in cash, or by wire transfer, or check. ÃÂÃâšÂÃÂ If payment is made via wire transfer, please be certain to add to the invoice total the wire transfer fee (if applicable) imposed by your financial institution..Accepted payment methods
Local Taxes Apply
Note Regarding Currency For This Sale
Please note: Due to eBay Live Auction's currency functionality we are unable to post items in our local currency of Swiss Francs. Instead, the items in this auction are being posted in AUD. All values, while posted as being in AUD, should be considered Swiss Francs. Example: 125 AUD bid will be accepted as 125 Swiss Francs If you are a winning bidder for any lot(s) in this auction you will be billed in Swiss Francs. For instance, if you win three (3) items for a grand total of 450 AUD you will instead be billed approximately 450 Swiss Francs. When you are paying, please note that the 1 swiss franc is approximately 1.00874 AUD.
Please note: Due to eBay Live Auction's currency functionality we are unable to post items in our local currency of Swiss Francs. Instead, the items in this auction are being posted in AUD. All values, while posted as being in AUD, should be considered Swiss Francs. Example: $125 AUD bid will be accepted as = 125 Swiss Francs If you are a winning bidder for any lot(s) in this auction you will be billed in Swiss Francs. For instance, if you win three (3) items for a grand total of $450 AUD you will instead be billed approximately 450 Swiss Francs. When you are paying, please note that the 1 swiss franc is approximately 1.00874 AUD. This auction takes place publicly. Participation means acceptance in full of the following conditions as well as any rights and obligations arising therefrom. These same conditions also apply to all transactions in auction lots taking place outside the sale. Antiquorum S.A., organiser of the auction, acts as an agent only and is not liable for any default(s) of purchaser(s) and/or vendor(s). 1. The auction lots are offered 1.1 As presented in the auction catalogue: The lots are meticulously described and with the greatest care, however without responsibility for Antiquorum S.A. No guarantee is given by Antiquorum S.A. other than the one described under No 4, 4.a, 4.b and 4.c. Photographs count as part of the description with regard to visible attributes. Material contained in the catalogue, advertisements or other publications of Antiquorum S.A. is presented on an indicative basis only. 1.2 As viewed: Before and during the auction sale, all lots may be examined at the times scheduled in the auction catalogue. Persons attending the auction and/or who have viewed any lots before the auction and/or bidder's representatives and auction agents are understood to have examined all lots which they purchase and to accept them as they are at the moment of the knocking-down and not necessarily as described. Those persons interested must examine the lots personally to confirm their actual condition and to determine if any object has been repaired or restored. 1.3 (*) Lots marked with an asterisk, at the vendor's request, are sold in the condition in which they were consigned. 1.4 The sale takes place in Swiss francs and without any guarantee whatsoever except as stated in these Conditions of Sale. Neither Antiquorum S.A. acting as agent only nor the vendor accept any responsibility whatsoever for any defect or deterioration of any lot nor for any precisions or indications given concerning the author, maker, origin, period, age, attribution, authenticity, provenance, weight or condition of any object. Furthermore no employee of Antiquorum S.A. has authority to give any kind of guarantee whatsoever. 2. Auction bids 2.1 The Huissier Judiciaire together with Antiquorum S.A. have full discretion to refuse any bidding, to divide any lot or lots, to combine any two or more lots and to withdraw any lot or lots from the sale without in any case giving any reason. The auction will be conducted in French but the bidding may be translated also into English. Antiquorum S.A. may also bid on behalf of vendors in cases where reserve prices have been fixed. In these cases, the vendor is treated as a buyer and the auctioneer shall bid on his behalf up to the reserve prices. If the reserve price fixed by the vendor is not reached the auctioneer passes to the next lot by a simple knock of the gavel. The starting price is fixed by the Huissier Judiciaire or auctioneer at their discretion. The increase in bid steps is fixed between 5% and 10%. However the Huissier Judiciaire or auctioneer can modify this rate at his own discretion. 2.2 Clients giving bidding instructions to Antiquorum S.A. may make alternative offers and/or limit the total of their expenditure in advance. Bids marked "BUY"Â are considered up to ten Times the printed estimate price. Bids must be expressed in Swiss Francs. Bids made in other currencies will be converted into Swiss francs at the market rate of the day of auction by Antiquorum S.A. Bids stand and hold good for at least 60 days from the auction period. Antiquorum S.A. reserves the right to invoice bidders up to the end of the 60 day period, payment being due immediately. The Huissier Judiciaire assures the expeditious execution of bidding orders he has received. Alterations in biddings orders are only accepted in writing. 2.3 Those persons who wish to bid at the auction must make themselves known before the sale to Antiquorum S.A. They will be given an identifiable bidding number. Those persons who wish to bid over the phone or by Internet must make themselves known at least two working days prior to the day of the auction. Those persons who are not known to Antiquorum S.A. may be asked to provide financial security for their bids at least two working days before the sale. The Huissier Judiciaire or auctioneer has the right to refuse to adjudicate any lot to an unidentified person or to someone who he knows to be a bad debtor, this in the interests of the vendor. 3. The auction 3.1 The auction will be held under the aegis of a "Huissier Judiciaire"Â of the Canton and Republic of Geneva. 3.2 Prerogatives of Antiquorum S.A.: Antiquorum S.A. may withdraw, group differently, divide or refuse to knock down any lot of this sale. Antiquorum S.A. reserves the right to refuse any bid orders and/or to refuse admittance to the auction room, at its sole discretion. Antiquorum S.A. cannot be held responsible for any physical accident that may occur on the premises of the auction. 3.3 Bidder's representatives and auction agents: Any person bidding for the account of a third party is fully liable for any obligation assumed by such person arising from this auction. This responsibility is notably applicable to the verification of the condition and to the payment of lots purchased. 3.4 Adjudication: Each lot is sold on behalf of the respective owner to the highest bidder. In addition to the hammer price, the buyer's premium is payable as follows: 22.5 % on the first SFr. 100,000 of the hammer price, 19.5% from SFr. 100'001 to SFr. 250'000 and 16.5% on the hammer price amount in excess of SFr. 250,000.' On the fall of the gavel, liability for the knocked-down lot (or lots) passes to the bidder whose bid has been accepted. The lots are delivered to the buyer when the hammer price and the buyer's premium are paid in full. 3.5 VAT (value added tax) of 7,6% is due on all purchases. Wholesalers, on presentation of their card, may be exempted from payment of this tax. Buyers domiciled abroad are refunded this 7,6% only on receipt by Antiquorum S.A. of an export declaration duly stamped by Swiss Customs. 3.6 Payment: in the case of buyers attending in person, sale price plus commission are due for immediate payment in Swiss francs against delivery of the lots. Payment in foreign currencies is accepted at the rates of exchange of the day as quoted by one of the principal Swiss banks. Mail bidders who are successful and buyers attending the auction in person with whom it has been expressly agreed that they may pay after the sale, are due to pay the sale price and the commission on receipt of the auction invoice. In these cases, Antiquorum S.A. keeps the adjudicated lots, which are delivered to the buyers on full settlement of their account. Delivery of the purchased lots by post or any other means if instructed by the buyer, including cost of normal transit insurance cover, is at the expense of the buyer. 3.7 Special credit facility: Antiquorum S.A. reserves the right to offer a special credit facility for buyers. Such a credit facility, which is granted at the exclusive discretion of Antiquorum S.A. and which must be agreed between Antiquorum S.A. and the prospective buyer at least two business days before the date of the sale, will contain provisions for the payment by the Buyer of a minimum 25% of the total invoice at the time of the sale, the balance being payable in equal monthly instalments up to a maximum of 6 months, each instalment being payable at the end of the relevant monthly period. A monthly interest charge of 1.5% plus any actual additional costs incurred are debited to the buyer's account at the end of each month, calculated prorata temporis on the outstanding balance of the account. When the special credit facility has been granted, the buyer understands that any claims regarding his purchases must be made within 30 days of the auction sale date, even though the lots may be held by Antiquorum S.A. awaiting full settlement of the account. Until delivery, all lots may be examined by their respective buyers at the offices of Antiquorum S.A. Furthermore, the buyer loses all right to counterclaim or action under Clause 4 below 30 days after the date of the sale. 3.8 Late payment: In the case of late payment of more than 30 days, the buyer forfeits all his rights and Antiquorum S.A. may accordingly take all appropriate steps to protect its interests and/or those of the Vendor, including claiming damages and interest. Antiquorum S.A. may also renounce on the execution of the sale, claim damages and interest and also, to protect its interests, consider itself no longer bound by the conditions of the contract. In every case Antiquorum S.A. will charge interest of 1.5% per month on all amounts unpaid, all damages being in addition and due by the late payer. The buyer who has delayed payment beyond 30 days accepts that Antiquorum S.A. may place the unpaid lots for auction or private sale. The buyer must also pay to Antiquorum S.A. the difference between the price he was originally due to pay and that obtained when the lot(s) is (are) resold. All damages and interest of 1.5% per month in addition are included until final settlement. In the case of delayed payment or of the buyer obtaining special credit facilities, Antiquorum S.A. is not responsible for the purchased lots, expressly any disappearances, changes or damage caused or incurred. 3.9 Pledge: Until full settlement of the account, the buyer grants to Antiquorum S.A. a pledge on any and all properties held by Antiquorum S.A., acquired prior to, during and/or after this auction. This pledge secures the repayment of any amount due in principal, interest, commissions, costs and all other fees. Antiquorum S.A. is entitled, but not obliged, to realize freely the pledged assets without further formalities and without previous notice if the buyer is in default in the payment of his debt or in the fulfilment of any other obligation hereunder. In any event, Antiquorum S.A. will be entitled to realise its pledge on a private treaty basis. For this purpose, Antiquorum S.A. is not bound to comply with the formalities of the Federal Law dealing with actions for debt and bankruptcy proceedings; in addition, Antiquorum S.A. may choose to institute or proceed with the usual proceedings without having beforehand sold the pledged goods and without having moreover given up its rights to them. 4. Guarantee Antiquorum S.A. guarantees for a period of 5 years against intentional fakes which have not been mentioned as such in the catalogue description. Intentional fakes means imitations made specially to deceive in respect to the author or maker of the object, the period or the material used. The buyer must give notice to Antiquorum S.A. of the existence of such imitation by registered letter within 7 days following the discovery of same or risk losing all rights to the cancellation of the sale. The buyer must return the object in question to Antiquorum S.A. immediately in the same state in which it was purchased and allow that an impartial expertise be made. If it is found to be a fake, Antiquorum S.A. will cancel the sale and refund to the buyer the amounts he has paid, excluding any amounts in respect of any other claim. The buyer has no right to cancellation of the sale if any one of the following conditions exists: a) The catalogue description of the time corresponded to the generally held opinion of specialists or experts in the relevant field but does not engage the responsability of Antiquorum S.A. b) The catalogue description indicated a divergence of opinion concerning the object. c) The faking has been discovered by means of a scientific process which was not currently used at the time of the catalogue being edited or that the examination procedure was too costly or could have caused damage to the object. This present guarantee is only given to the actual buyer who may only have the right to claim it if he has retained full ownership of the object. 5. Applicable law and jurisdiction This auction as well as any rights and obligations arising there from shall be governed exclusively by Swiss law. Any legal action or proceeding with respect to this auction shall be submitted to the exclusive jurisdiction of the Courts of Geneva, subject to appeal to the Swiss Federal Court in Lausanne. In every case, Antiquorum S.A. shall also be entitled, at its discretion, to sue any buyer in default at his place of residence or in any other jurisdiction which Antiquorum S.A. at its sole discretion may consider appropriate; in such case, Swiss law shall remain applicable. IMPORTANT NOTICE We can only accept on-line bidder registrations until two hours prior to the auction
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