In carrying a bid, bidders assume their personal responsibility to pay the hammer price as well as all buyer’s fees and taxes chargeable to the buyer. Unless a written agreement established with Claude AGUTTES SAS, prerequisite to the sale, mentioning that the bidder acts as a representative of a third party approved by Claude AGUTTES SAS, the bidder is deemed to act in his or her own name. We remind our sellers that bidding on their own items is forbidden. COLLECTION OF PURCHASES The lots not claimed on the day of the auction , can be retrieved at Drouot storage service. Buyers are advised to collect successful lots as soon as possible to avoid handling and storage costs which may be incurred at their expense. The auctioneer is not responsible for the storage of purchased lots. If payment is made by wire transfer, lots may not be withdrawn until the payment has been cleared, foreign cheques are not accepted. From the moment the hammer falls, sold items will become the exclusive responsability of the buyer. The buyer will be solely responsible for the insurance, L’Hôtel des Ventes de Neuilly assumes no liability for any damage to items which may occur after the hammer falls. The purchased lots will be delivred to the buyer in person. Should the buyer wish to have his/her lot delivered to a third party the person must have a letter of authorization along with a photocopy of the identity card of the buyer. Export formalities can take 2 or 3 months to process and are within buyer’s province. Please contact the Hôtel des ventes de Neuilly if you need more information concerning this particular matter. PAYMENT We recommend that buyers pay by credit card or electronic bank transfer. In compliance with Article L.321-14 of French commercial law, a property sold at auction can be delivered to the buyer only once the auction firm has received payment or complete guarantee of payment. Legally accepted means of payment include: • Cash (article L.112-6, L.112-8 and Article Article L.112-8 paragraph 2 of the Monetary and Financial Code) · max. € 1,000 · max. €10,000 for private individuals who have their tax domicile
abroad (upon presentation of a valid passport) • Payment on line (max 1500 €) http://www.aguttes.com/paiement/index.jsp • Electronic bank transfer The exact amount of the invoice from the buyer’s account and indicating the invoice number. (Note: Bank charges are the buyer’s responsibility.)
Banque de Neuflize, 3 avenue Hoche 75008 Titulaire du compte : Claude AGUTTES SAS Code Banque 30788 – Code guichet 00900 N° compte 02058690002 – Clé RIB 23 IBAN FR76 3078 8009 0002 0586 9000 223 – BIC NSMBFRPPXXX
• Credit cards (except American Express and distance payment) • Cheque (if no other means of payment is possible) · Upon presentation of two pieces of identification · Important: Delivery is possible after 20 days · Cheques will be deposited immediately. No delays will be accepted. · Payment with foreign cheques will not be accepted. LAW AND JURISDICTION In accordance with the law, it is added that all actions in public liability instituted on the occasion of valuation and of voluntary and court-ordered auction sales are barred at the end of five years from the hammer price or valuation. These Conditions of purchase are governed by French law exclusively. Any dispute relating to their existence, their validity and their binding effect on any bidder or buyer shall be submitted to the exclusive jurisdiction of the Courts of France.