Classic Automobiles

Public exhibition:

Grand Garage Napoléon

5 rue royale

77300 Fontainebleau

Friday March 21 10h/12h - 14h/18h

Saturday March 22 10h/12h - 14h/18h

Sunday March 23 10h/12h-14h/18h

Monday March 24 10h/12h

Sales:

Monday 24 March 14h

Hotel d'Albe

9 rue royale

77300 Fontainebleau

Contacts

Louis de Russé

Director, Osenat Automobiles

+33(0)1 80 81 90 10

l.derusse@osenat.com

Stéphane Pavot

Head of Automobiles de Collection

+33(0)6 81 59 85 65

s.pavot@osenat.com

Philippine Gueguen

Administration

+33(0)1 80 81 90 58

automobiles@osenat.com

Guillaume Magne

Garage assistant

+33(0)1 80 81 90 59

automobiles@osenat.com

Note to buyers:

From April 9, a security fee of €65 (excluding VAT) per day will be charged.

The buyer will pay to Osenat, in addition to the hammer price, a buyer's commission of 16.67% excluding VAT (i.e. 20% including VAT) on a tranche up to 900,000 euros and 11% excluding VAT (i.e. 13.20% including VAT) from 900,001 euros. Automobilia: In addition to the hammer price, the buyer will pay Osenat a buyer's premium of 20% excluding VAT (i.e. 24% including VAT) on a tranche up to 100,000 euros and 13% excluding VAT (i.e. 15.6% including VAT) from 100,000 euros.

Interenchères Live: surcharge of 35 EUR excl. VAT per vehicle (i.e. +42 EUR incl. VAT per vehicle). Drouot Live: an additional buyer's commission of 1.5% excl. VAT will be added to this commission.

Interenchères Live:

- For voluntary vehicles, a surcharge of 35 EUR excl. VAT per vehicle (i.e. +42 EUR incl. VAT per vehicle).

• For voluntary lots, furniture and works of art and professional equipment category, a 3% increase excluding VAT of the hammer price (i.e. +3.60% including VAT). Osenat cannot guarantee the efficiency of these bidding methods and cannot be held responsible for any connection problems with the service, for any reason whatsoever. In the event of a simultaneous or final LIVE auction for an equal amount, it is possible that the online bid will not be taken into account if the in-room bid was earlier. In any case, the auctioneer will be the sole judge of the winning bid and the auction on his or her report.

- Drouot Live: an additional buyer's commission of 1.5% excluding VAT will be added to this commission.

- Invaluable: an additional buyer's commission of 3% excluding VAT will be added to this commission. VAT

VAT

VAT refund in case of export outside the European Union:

Any VAT invoiced will be refunded to persons not resident in the European Union provided that they make a written request to the accounting department within 3 months of the sale, and upon presentation of copy 3 of the customs export document (SAD) on which Osenat must appear as the consignor and the buyer as the consignee.

The export must take place within the legal deadlines and a maximum of 3 months from the date of the sale.

N.B.: All costs inherent to VAT refunds will be borne by the client.

1. BEFORE THE SALE

Indicative nature of estimates

Estimates made before the sale are provided for information purposes only.

Any bid within the range of the low estimate and the high estimate has a reasonable chance of success. However, we advise you to consult us before the sale as the estimates may be subject to change.

The condition of the lots

We are at your disposal to provide you with a detailed report on the condition of the lots. All goods are sold as is in the condition they are in at the time of sale, with their imperfections or defects. No complaints will be accepted regarding restoration and minor accidents. It is the responsibility of prospective bidders to examine each lot before the sale and to rely on their own judgment to verify that each lot corresponds to its description. Re-covering, parqueting or doubling as a precautionary measure and not a defect will not be reported. Dimensions are given as an indication. As part of the pre-sale exhibition, any potential buyer will have the opportunity to inspect each item offered for sale prior to the sale in order to ascertain all of its characteristics, its size and any repairs or restorations. The descriptions of the lots are based on the catalog, reports, labels, and verbal indications or announcements are only the expression by OSENAT of its perception of the lot, but do not constitute a fact. The indications given by OSENAT regarding the existence of restoration, an accident or an incident affecting the lot are provided to facilitate its inspection by the potential buyer and remain subject to his personal judgment or that of his expert. The absence of any indication of restoration, accident or incident in the catalog, on reports or labels, or transmitted verbally, in no way implies that an item is free of any present, past or repaired defect. Conversely, the mention of any defect does not imply the absence of all other defects. The vehicles are sold in their present condition. The information in the catalog is provided for information purposes only. The condition of a car may vary between the time it is described in the catalog and the time it is presented for sale. As the pre-sale exhibition takes place over several days and allows for an assessment of the condition of the vehicles, no complaints will be accepted once the auction has taken place. Buyers are deemed to have read the documents relating to each vehicle, in particular the technical inspections, which are available to them from the auction company. However, vehicles may be sold without having undergone a technical inspection due to their age, non-roadworthy condition or competition status. Vehicles from abroad may be presented without a French technical inspection. The public should find out about this at the time of the exhibition and sale.

2. AUCTIONS

Auctions may be conducted in person or by telephone or through a third party (in the latter case, orders are transmitted in writing or by telephone). Auctions will be conducted in euros. A currency converter will be visible during the auctions for information purposes only; only the price in euros is binding.

How to bid in person

To bid in person in the room, it is recommended that you register and obtain a numbered paddle before the auction begins. You will need to present proof of identity and bank details. The paddle is used to indicate your bids to the person authorized to conduct the sale during the auction. If you want to buy a lot, make sure that your paddle is clearly visible to the auctioneer and that your number is called out. If there is any doubt as to the price or the buyer, immediately draw the attention of the auctioneer. All lots sold will be invoiced in the name and to the address on the registration slip of the paddle, no changes can be made. If you lose your paddle, please inform one of the auction clerks immediately. At the end of each auction session, please return your paddle to the registration desk.

Authorizing a third party to bid

If you bid in the auction, you do so in a personal capacity and we may hold you solely responsible for this bid, unless you have previously informed us that you are bidding in the name and on behalf of a third party by providing us with a valid mandate that we have registered.

Purchase orders

If you are unable to attend the auction, we will be happy to execute purchase orders given in writing in your name. You will find a purchase order form at the end of this catalog. This service is free of charge and confidential. Lots are purchased at the best price, respecting other bids and the reserve price. In the case of identical orders, the first to arrive will be given preference. Always indicate a “limit not to be exceeded”. Unlimited bids and “buy at any price” bids will not be accepted.

Purchase orders must be given in euros.

Written orders can be:

- sent by e-mail to automobiles@osenat.com

- given to the staff on site

- sent by post to the offices of the Osenat Company

You can also give purchase orders by telephone.

They must be confirmed before the sale by letter, fax or

e-mail (see above). In order to ensure a satisfactory service

to bidders, you are asked to make sure that we

have received your written purchase orders or your written confirmations

written purchase orders given by telephone at least 24 hours

before the sale.

Bidding by telephone

If you cannot be present at the auction, you can bid directly by telephone. As the number of telephone lines is limited, it is necessary to make arrangements at least 24 hours before the sale to obtain this service, subject to technical availability. We also recommend that you indicate a backup bid that we can execute on your behalf in case we are unable to reach you by telephone. Members of the staff are available to bid by telephone on your behalf in English.

3. THE SALE

Conditions of sale

As stated above, the auction is governed by the rules in this catalog. Anyone intending to bid should read these conditions carefully. They may be changed by posting in the auction room or by announcements made by the person authorized to conduct the sale.

Access to lots during the sale

For security reasons, access to lots during the sale will be prohibited.

Conduct of the sale

The person authorized to conduct the sale will start and continue the bidding at the level he or she deems appropriate and may bid successively or bid in response to other bids, in the name and on behalf of the seller, up to the reserve price.

4. AFTER THE SALE

Results of the sale

If you would like information on the results of your purchase orders, please call:

Osenat - Tel. 00 33 1 80 81 90 58

Fax 00 33 (0)1 64 22 38 94

or visit the website: https://osenat.com

Payment

Payment must be made immediately after the sale.

Payment can be made:

- By check in euros;

- In cash in euros within the following limits:

- €1,000 for traders

- €1,000 for French individuals

- €15,000 for individuals who are not resident in France for tax purposes, on presentation of proof of identity and proof of address

- By credit card: Visa or Mastercard

- By bank transfer in euros to the following account:

Bank details:

HSBC FRANCE

Account holder:

Osenat

9-11, RUE ROYALE

7730O FONTAINEBLEAU

Direct debit: HSBC FR PARIS AUBER

Bank code: 30056

Counter code: 00811

Account no.: 08110133135

RIB key: 57

International identification:

FR76 3005 6008 1108 1101 3313 557

SWIFT: CCFRFRPP

Siret: 442 614 384 00042

APE: 741AO

Intra-Community VAT No.: FR 76442614384

Don't forget to indicate your name and the number of your auction slip on the transfer form.

Collection of purchases - Storage fees

Purchases can only be collected after payment.

All lots can be collected during or after each session, upon presentation of the paid slip and proof of identity

(If the collection is made by a third party, they must present a power of attorney and a copy of your identity document as well as their own).

We strongly recommend that buyers take delivery of their lots after the sale.

Storage fees will be invoiced by Osenat to buyers who have not collected their purchases by April 9, at the rate of:

- €65 excl. VAT per day.

Export of cultural property.

Export certificates may be required for certain purchases and, in some cases, customs authorization may also be required. The French State has the right to refuse to grant an export certificate if the lot is deemed to be a national treasure. Osenat assumes no responsibility for any administrative decisions to refuse export certificates that may be taken. Below is a non-exhaustive list of the categories of works or art objects, together with their respective value thresholds above which a Certificate for a Cultural Good (known as a “Passport”) may be required for the lot to be able to leave French territory.

The threshold indicated in brackets is that required for an application to leave European territory, in the event that the latter differs from the first threshold.

- Paintings and pictures in any material on any support, more than 50 years old €150,000

- Furniture and furnishings, carpets, tapestries, clocks, more than 50 years old €50,000

- Watercolors, gouaches and pastels over 50 years old €30,000

- Original sculptures or original statuary art productions, and copies produced by the same process as the original over 50 years old €50,000

- Books over 100 years old €50,000

- Vehicles over 75 years old €50,000

- Original prints, engravings, screenprints, lithographs and original posters over 50 years old €15,000

- Photographs, films and negatives over 50 years old €15,000

- Printed maps more than 100 years old €15,000

- Incunabula and manuscripts, including maps and sheet music (EU: whatever the value) €1,500

- Archaeological objects more than 100 years old coming directly from excavations(1)

- Archaeological objects more than 100 years old not coming directly from excavations €1,500

- Elements forming an integral part of artistic, historical or religious monuments (more than 100 years old) (1)

- Archives more than 50 years old (EU whatever the value) €300

(1) For these categories, the certificate application does not depend on the value of the object, but on its nature.

French vehicles over 75 years old with a value of more than €50,000 require an export passport if leaving French territory and an export license if leaving European territory. These formalities are handled by Osenat and are subject to deadlines (maximum three months for passports and an additional month for licenses). Export licenses for vehicles with a foreign registration certificate are subject to the legislation in force in their country of origin, the deadlines for obtaining which may vary depending on the country. The purchaser will be responsible for insuring his acquisitions himself, as soon as the auction is held.

Right of pre-emption

The State may exercise a right of pre-emption on any public sale of works of art on the goods offered for sale, by declaration of the Minister responsible for Culture as soon as the auction of the object put up for sale is announced. The State has a period of 15 (fifteen) days from the public sale to confirm the exercise of its right of pre-emption. In the event of confirmation, the State is subrogated to the successful bidder.

Catalogue information

The information in the catalog is prepared by the Company with the due diligence required of a company that voluntarily sells furniture at public auctions, subject to any corrections posted in the auction room before the opening of the sale or those announced by the person authorized to conduct the sale at the start of the sale and recorded in the minutes of the sale.

The indications will be established taking into account the information provided by the seller, scientific, technical and artistic knowledge and the generally accepted opinion of experts and specialists, existing on the date on which the said indications are established.

The information collected on the registration forms is mandatory for participation in the sale and then for the consideration and management of the auction. You may find out and have your personal data corrected, or object for legitimate reasons to their further processing, by sending a written request accompanied by a copy of your identity document to the sales operator by post or e-mail. The voluntary sales operator is a member of the central register for the prevention of unpaid debts of auctioneers, with whom payment incidents are likely to be registered. The rights of access, rectification and opposition for legitimate reasons are to be exercised by the debtor concerned with Symev 15 rue Freycinet 75016 Paris.