General terms and conditions of sale
CONDITIONS AND INFORMATION PRINCIPALLY FOR BUYERS All property is being offered under French Law and the conditions printed in this volume. lt is important that you read the following pages carefully. The following pages give you as well useful information on how to buy at auction. Our staff is at your disposal to assist you. BUYER’S PREMIUM The purchase price will be the sum of the final bid plus a buyer’s premium of 20 % inc. taxes. sur une tranche jusqu’à 350 000 euros et de 11 % HT (soit 13.20 % TTC) à partir de 350000 euros. Automobilia : 20% H.T. VAT RULES Non-European buyers may have all VAT invoiced refunded to them if they request so in writing to the accounting department within delay of 3 months of the date of sale, and if they provide Osenat with the third sample of the customs documentation (DAU) stamped by customs. Osenat must appear as 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 sale. 1 - BEFORE THE AUCTION Pre-sale estimates The pre-sale estimate are intended as a guide for prospective buyers. 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. Condition of Iots Solely as a convenance, we may provide condition reports. All the property is sold in the condition in which they were offered for sale with all their imperfections and defects. No claim can be accepted for minor restoration or small damages. lt is the responsability of the prospective bidders to inspect each lot prior to the sale and to satisfy themselves that each lot corresponds with its description. Given that the re-lining, frames and finings constitute protective measures and not defects, they will not be noted. Any measurements provided are only approximate. All prospective buyers shall have the opportunity to inspect each object for sale during the pre-sale exhibition in order to satisfy themselves as to characteristics, size as well as any necessary repairs or restoration. Sale preview Pre-auctions viewings are open to the public free of charge. Osenat is concerned for your safety while on our premises and we endeavour to display items safely so far as is reasonably practicable, Nevertheless, should you handle any items on view at our premises, you do so at you own risk. 2 - BIDDING IN THE SALE Bids may be executed in person by paddle during the auction or by telephone, or by third person who vvill transmit the orders in writing or by telephone prior to the sale. The auctions will be conducted in euros. A currency converter wili be operated in the salesroom for your convenience but, as errors may occur, you should not rely upon it as substituts for bidding in euros. Bidding in Person To bid in person at the auction, you will need to register for and collect a numbered paddle before the auction begins. Proof of identity will be required. If you wish to bid on a lot, please indicate clearly that you are bidding by raising you paddle and attracting the attention of the auctioneer. Should you be the successful buyers of any lot, please ensure that the auctioneer can see your paddle and that it is your number that is called out. Should there be any doubts as to price or buyer, please draw the auctioneer’s attention to it immediately. We will invoice all lots sold to the name and address in which the paddle has been registered and invoices cannot be transferred to other names and addresses. In the event of loss of your paddle, please inform the sales clerk immediately. At the end of the sale, please return your paddle to the registration desk. Bidding as principal If you make a bid at auction, you do as principal and we may held you personally and solely liable for that bid unless it has been previously agreed that you do so on behalf of an identified and acceptable third party and you have produced a valid power of attorney acceptable to us.