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GENERAL CONDITIONS OF SALE ON AUCTION
FRAYSSE & ASSOCIÉS is a company organizing voluntary auction sales regulated by Articles L 312-4 and further of the Code of Commerce and acts as the agent of the seller. The relationships between FRAYSSE & ASSOCIÉS and the buyer are subject to the present general conditions of purchase, which can be modified by saleroom notices or oral indications given at the time of the sale and which will be recorded in the official sale record. 1 – Goods put at auction The prospective buyers are invited to inspect any goods in which they may be interested, before the auction takes place, and notably during the exhibitions. FRAYSSE & ASSOCIÉS is at disposal of prospective buyers to provide them with reports about the conditions of the lots. The description of lots in catalogues are made by the Auction house and the Expert who assists it and may be amended at the moment the lot is presented on auction, which will be recorded in the official sale record. The description of goods are made in accordance with the knowledge available at the date of the sale and FRAYSSE & Associés cannot be hold liable for any error or omission. The description concerning the provenance and/or the origin of the item is given upon indications from the seller and FRAYSSE & Associés cannot not be hold liable for any error, omission or false declaration. Dimensions, weight and estimates are given for guidance only. The colors of art works in the catalogue may differ because of the printing process. The absence of statements in the catalogue, condition reports, on labels or in oral statements relating to a restoration, mishap or harm, does not imply that the item is in a perfect state of condition, nor that it is exempt from any restoration, wear, cracks, relining or other defects. Among others, relining, re-parketing or lining or any other conservation measure of the item is not mentioned. Goods are sold in the condition they are in at the date of sale and no claim is admissible after the auction, the buyer being responsible for inspecting and verifying the condition of the item before the sale. Estimates are provided by the Auction house for guidance only and confer no guarantee. They cannot be considered as a giving the certainty that the item will be sold for the estimated price or even within the bracket of estimates. 2 – The Sale Prospective buyers are invited to make themselves known to FRAYSSE & ASSOCIÉS before the sale, so as to have their personal identity data recorded. FRAYSSE & ASSOCIÉS reserves the right to ask any prospective buyer to justify his identity as well as his bank references. Any bidder is deemed acting on his own behalf except when prior notification, accepted by FRAYSSE & ASSOCIÉS, is given that he acts as an agent on behalf of a third party. The usual way to bid consists in attending the sale on the premises. FRAYSSE & ASSOCIÉS reserves its right to refuse access to the sales room for legitimate reasons. Any bidder may file a purchase order by written, or may by telephone or by Internet (online bidding). To this effect, the bidder must fill in a registration form and send bank references two days before the sale. FRAYSSE & Associés takes care without charges of bids by telephone and purchase orders. FRAYSSE & Associés cannot be hold liable in case of problems of telephone contact, malfunctioning of Internet or of Drouot Live, nor in case of mistakes or omissions in the performance of purchase orders and bids. The present general sales conditions prevail over the conditions of use of Drouot Live for online bids. In case of two identical purchase orders, the purchase order made first shall have priority. In case a bid is made in the sales room for an equivalent amount of a purchase order, the bidder who is present in the sales room shall have the priority. The bidder who made the highest and final bid is declared to be the buyer by the hammer stroke and the pronouncing of the word “Adjugé”. FRAYSSE & ASSOCIÉS is authorized to mention on the official record of the sale all i