ONLINE - Classic watches

du 10 au 15 septembre
www.drouotonline.com
Sale information

COLLECTION WATCHES and WATCHS


Hôtel des ventes du Château

13 avenue de Saint-Cloud

78000 VERSAILLES


Contacts :

Jean-Pierre Osenat

Chairman - Auctioneer


Hugo Page

+33 (0)1 80 81 90 20

montres@osenat.com


THE RESULTS OF OUR SALES ARE INDICATED INCLUDING EXPENSES

Sales conditions

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 24 % inc. taxes.




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


5, 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.