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
In addition to each lot’s hammer price, the buyer shall pay the
following fees per lot and on a sliding scale : 25% ex. taxes (30 % inc. taxes) up to 500,000 € included and 15 % ex. taxes (18 % inc. taxes)
above 500 000 €.
- Interencheres Live: an additional buyer commission of 3% excl. Tax (3.59% inclusive of tax) will be added to this commission.
- Drouot Live: an additional buyer fees of 1.5% excl tax per lot will be charged (1.8 %inc tax).
- Invaluable : an additional buyer commission of 3% excl. Tax will be added to this commission.
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.
Absentee bids
If you cannot attend the auction, we will pleased to execute written
bids on your behalf. A bidding form can be found at the back of this
catalogue. This service is free and confidential. Lots will be bought as
cheaply as is consistent with other bide and the reserves. In the event
of identical bids, the earliest bid received will take precedence. Always
indicate a “ top limit ” - the hammer price to which you would stop
bidding if you vvere attending the auction yourself
“ Buy ” and unlimited bids will not be accepted.
Orders shall be made in euro.
Written orders may be
- sent by e-mail at contact@osenat.com
- sent by fax to the following number: 00 33 (0) 1 80 81 90 01
- hand delivered to staff on the premises
- sent by post to the offices of Osenat.
You may also bid by telephone. Telephone bids must be confirmed
before the auction by letter, fax or e-mail. These as well as written
bids must be received 24 hours before the auction so that we can
guarantee satisfaction.
Bidding by telephone If you cannot attend the auction, it is possible
to bid on the telephone. As the number of telephone lines is limited,
it is necessary to make arrangements for this service 24 hours before
the sale. We also suggest that you leave a covering bid which we can
execute on your behalf in the event we are unable to reach you by
telephone. Osenat Fontainebleau staff are available to execute bids for
you in English.
3 - AT THE Auction
Conditions of sale
As indicated above, the auction is governed by the conditions printed
in this catalogue. Anyone considering bidding in the auction should
read them carefully. They may be amended by way of notices posted
in the salesroom or by way of announcement made by the auctioneer.
Access to the lots during the sale
For security reasons, prospective bidders will not be able to view the
lots whilst the auction is taking place.
Auctioning
The auctioneer may commence and advance the bidding at levels
he considers appropriate and is entitled to place consecutive and
responsive bids on behalf of the vendor until the reserve price is
achieved.
4 - AFTER THE AUCTiON
Results
If you would like to know the result of any absentee bids which you
may have instructed us to place on your behalf, please contact:
Osenat - Tél. 00 33 (0)1 64 22 27 62
Fax 00 33 (0)1 64 22 38 94
or: www.osenat.com
Payment
Payment is due immediatly after the sale and may be made by the
following method:
- checks in euro
- cash within the following limits:
- 1.000 euros for trade clients
- 1.000 euros for French private clients
- 15.000 euros for foreign tax nationals (non trade)
- credit cards VISA and MASTERCARD
- Bank transfers should be made to:
HSBC FRANCE
Account holder :
Osenat
9/11, RUE ROYALE
7730O FONTAINEBLEAU
Domiciliation: HSBC FR PARIS AUBER
Code banque: 30056
Code guichet: 00811
No compte: 08110133135
Clé RIB: 57
International identification:
FR76 3005 6008 1108 1101 3313 557
SWIFT: CCFRFRPP
Siret: 442 614 384 00042
APE 741A0
No TVA intracommunautaire: FR 76442614384
Collection of Purchases – Storage fees
Purchases can only be collected after payment infull in cleared funds
has been made to Osenat.
Purchased lots will become available only afterpayment infull has been
made.
Storage fees will be charged by Osenat to purchasers who have not
collected their items within 15 days from the sale as follows :
- 10 € per day for furniture
- 5 € per day for object or paintings
Export
Buyers should always check whether an export licence
is required before exporting. It is the buyer’s sole
responsibility to obtain any relevant export or import
licence. The denial of any licence or any delay in obtaining licences
shall neither justify the rescission of any sale nor any delay in making
full payment for the lot. Osenat can advise buyers on the detailed
provisions of the export licensing regulations and will submitt any
necessary export licence applications on request.
However, Osenat cannot ensure that a licence will be obtained. Local
laws may prohibit of some property and/or may prohibit the resale of
some property in the country of importation. As an illustration only, we
set out below a selection of the categories of works or art, together
with the value thresholds above for which a French «certificat pour un
bien culturel» (also known as «passport») may be required so that the
lot can leave the French territory; the thresholds indicated in brakets is
the one required for an export licence application outside the EU, when
the latter differs from the national threshold.
- Pictures entirely made by hand on any support and of any material, of
more than 50 years of age euros 150,000
- Furniture and objects, carpets, tapestries, clocks of more than 50 years
of age euros 50,000
- Watercolors, gouaches and pastels of more than 50 years of age
euros 30,000
- Original sculptures and copies of more than 50 years of age
euros 50,000
- Books of more than 100 years of age
euros 50,000
- Vehicules of more than 75 years of age
euros 50,000
- Drawings of more than 50 years of age
euros 15,000
- Prints, lithographs and posters of more than 50 years of age
euros 15,000
- Photographs, films and negatives of more than 50 years of age
euros 15,000
- Printed maps of more than 100 years of age
euros 15,000
- Incunabula and manuscripts (EU whatever the value is)
euros 1,500
- Archaeology pieces of more than 100 years of age, originating directly
from excavations (1)
- Archaeology pieces of more than 100 years of age, not originating
directly from excavations euros 1,500
- Parts of Historical, Religious or Architectural monuments of more
than 100 years of age (1)
- Archives of more than 50 years of age (EU whatever the value is)
euros 300
(1) Application for licence for these categories is subject to the nature
of the item.
Preemption right
The French state retains a preemption right on certain works of art and
archives which may be exercised during the auction.
In case of confirmation of the preemption right within fifteen (15) days
from the date of the sale, the French state shall be subrogated in the
buyers position.
Catalogue descriptions
OsenatOsenat shall exercise such due care when making express
statements in catalogue descriptions, as amended by any notices
posted in the salesroom prior to the opening of the auction or by
announcement made by the auctioneer at the beginning of the
auction and noted in the minutes of the sales, as is consistent with its
role of an auction house and in the light of the information provided to
it by vendor, of the scientific, technical and artistic knowledge, and the
generally accepted opinions of relevant experts, at the time any such
express statement is made.
