AUCTION TITLE/PREVIEW DATES

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SPECIALISTS & SERVICES

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Important Notice

important notices

Christie’s Interest in Property Consigned for Auction

From time to time, Christie’s may offer a lot which it owns in whole or in part. Such property is identified in the catalogue with the symbol ∆ next to the lot number. On occasion, Christie’s has a direct financial interest in lots consigned for sale which may include guaranteeing a minimum price or making an advance to the consignor that is secured solely by consigned property. Such property is identified in the catalogue by the symbol ˚ next to the lot number. Where Christie’s has an ownership or financial interest in every lot in the catalogue, Christie’s will not designate each lot with a symbol, but will state its interest at the front of the catalogue. 

All Dimensions are Approximate

Condition Reports

Christie’s catalogues include references to condition only in descriptions of multiple works (such as prints, books and wine). For all other property, only alterations or replacement components are listed. Please contact the Specialist Department for a condition report on a particular lot. 

Condition reports are provided as a service to interested clients. Prospective buyers should note that descriptions of property are not warranties and that each lot is sold “as is”.

To Prospective Buyers of
Clocks and Watches

The description of the condition of clocks and watches in this catalogue, including references to defects and repairs, is provided as a service to prospective buyers, but such description is not necessarily complete. While Christie’s will furnish a condition report on any lot to a prospective purchaser upon request, any such report may also be incomplete and may not specify all mechanical replacements or defects. Accordingly, all clocks and watches should be viewed personally by prospective buyers to evaluate the condition of the property offered for sale. All lots are sold “as is,” and the absence of any reference to the condition of a clock or watch does not imply that the lot is in good condition and without defects, repairs or restorations. Virtually all clocks and watches have been repaired in the course of their normal useful lifetime and may now incorporate parts not original to them. Furthermore, Christie’s makes no representation or warranty that any clock or watch is in working order. As collectors’ watches often contain extremely fine and complex mechanisms, buyers should be aware that a general service, change of battery or further repair work, for which the buyer is solely responsible, may be necessary.

REGARDING IMPORTATION OF WATCHES INTO THE US

Prospective buyers should be aware the the importation of Rolex watches into the United States is highly restricted. These watches (not limited to Rolex) may not be shipped into the USA and can only be imported personally.  Generally, a buyer may import only one watch into the USA.  In this catalogue, these watches have been marked with a Φ.

It is the buyer’s responsibility to determine whether there are any import restrictions and to comply with such restrictions. The failure by Christie’s to mark a lot with a Φ shall not constitute grounds to rescind or cancel a sale. For further information please contact our specialists in charge of the sale.

Property incorporating Materials from Endangered and other Protected Species

Property made of or incorporating (irrespective of percentage) endangered and other protected species of wildlife are marked with the symbol ~ in the catalogue. Such material includes, among other things, ivory, tortoiseshell, crocodile skin, rhinoceros horn, whale bone and certain species of coral, together with Brazilian rosewood. Prospective purchasers are advised that several countries prohibit altogether the importation of property containing such materials, and that other countries require a permit (e.g., a CITES permit) from the relevant regulatory agencies in the countries of exportation as well as importation. Accordingly, clients should familiarize themselves with the relevant customs laws and regulations prior to bidding on any property with wildlife material if they intend to import the property into another country. For example, the U.S. generally prohibits the importation of articles containing species that it has designated as endangered or threatened if those articles are less than 100 years old. Please note that it is the client’s responsibility to determine and satisfy the requirements of any applicable laws or regulations applying to the export or import of property containing endangered and other protected wildlife material. The inability of a client to export or import property containing endangered and other protected wildlife material is not a basis for cancellation or rescission of the sale. Please note also that lots containing potentially regulated wildlife material are marked as a convenience to our clients, but Christie’s does not accept liability for errors or for failing to mark lots containing protected or regulated species.

Regarding the Export of Watch Bands Incorporating Materials from Endangered Species

Many of the watches offered for sale in this catalogue have bands which may be made of endangered or protected animal materials such as alligator or crocodile and which may not lawfully be exported from the sale site without a CITES export permit. As explained above, these lots are marked with the symbol (~) in the catalogue. Accordingly, for purchased watches that are to be shipped out of the sale site for delivery, Christie’s will need to remove and retain the band before shipping the watch and buckle. 

Regarding Estimated Weights

Certain weights in the catalogue have been estimated through measurement. These figures are to be used as approximate guidelines and should not be relied upon as exact.

Lots Offered Without Reserve

Please note that all lots highlighted with red titles in this sale are offered ‘Without Reserve’. These items will be sold to the highest bidder, regardless of the pre-sale estimate printed in the catalogue. We hope that you will find this visual presentation helpful.

Catalogue Exchange rate:

US$ 1 = SFr 0.95

€1 = SFr 1.30

The rate of exchange was established at the latest practical date prior to the printing of the catalogue and may therefore have changed by the time of the sale.

Bidders should bear in mind that estimates are prepared well in advance of the sale and are not definitive. They are subject to revision.

AVIS IMPORTANT

Tous les objets sont vendus tels que décrits dans le présent catalogue.

Les dommages importants survenus à l’objet–desquels sont exclus tant les défauts et imperfections originaux que les remises en état ultérieures–sont dans la mesure du possible signalés à l’attention des Acheteurs potentiels dans le descriptif du lot.

Les mentions figurant dans le catalogue doivent être considérées comme de simples indications et n’engagent en aucun cas la responsabilité de Christie’s. Les Acheteurs doivent s’assurer eux-mêmes avant la vente de l’état matériel de chaque lot, notamment en ce qui concerne l’état de marche de l’objet, sa conservation, ainsi que les diverses réparations et autres restaurations que l’objet a subi.

Christie’s attire l’attention des Acheteurs sur le fait que la plupart des montres-bracelets dont le boîtier est résistant à l’eau, ont été ouvertes par les soins de ses employés afin d’identifier le modèle et la qualité du mouvement. Christie’s ne peut par conséquent prendre aucun engagement ayant trait au caractère étanche desdites montres et conseille aux Acheteurs de s’adresser à un horloger qualifié avant tout usage.

Il est à noter que l’or plus faible que 18ct. n’est pas reconnu dans tous les pays en tant que ‘or’ et l’importation peut être refusée. Christie’s ne pourra accepter aucune responsabilité si l’importation est refusée.

Christie’s attire l’attention des Acheteurs sur le fait que toutes les montres Rolex dans le catalogue de vente de Christie’s sont vendues telles que présentées à l’exposition précédant la vente et que Christie’s ne peut pas garantir l’authenticité des différentes parties composant ces montres Rolex. Les bracelets décrits comme “associated” ne font pas partie de la pièce originale et peuvent ne pas être authentiques. Les Acheteurs potentiels ont l’opportunité de procéder eux-mêmes à une vérification personnelle des lots dans les jours qui précèdent la vente. Des rapports sur l’état des lots sont sur demande fournis ‘sous toutes réserves’ par Christie’s conformément aux termes des conditions de vente imprimées au début du catalogue. Ces rapports sont proposés à titre d’indications générales et de ce fait ne contiennent aucune mention relative à des éventuelles imperfections ou remplacements intervenus au niveau du mécanisme de la montre.

De tels rapports ne consistent dès lors qu’en la retranscription fidèle de l’opinion de leurs auteurs. Les Acheteurs sont avisés que des certificats ne sont disponibles que dans les cas expressément prévus dans le catalogue.

 

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Buying And Selling

Conditions of Sale

Christie’s Conditions of Sale and Limited Warranty are set out later in this catalogue Bidders are strongly encouraged to read these as they set out the terms on which property is bought at auction.

Estimates 

Estimates are based upon prices recently paid at auction for comparable property, condition, rarity, quality and provenance. Estimates are subject to revision. Buyers should not rely upon estimates as a representation or prediction of actual selling prices. Estimates do not include the buyer’s premium or VAT. Where “Estimate on Request” appears, please contact the Specialist Department for further information.

Reserves

The reserve is the confidential minimum price the consignor will accept and will not exceed the low
pre-sale estimate. Lots that are not subject to a reserve are identified by the symbol • next to the lot number and are highlighted with red titles.

Buyer’s Premium and VAT

Buyers are reminded that the actual purchase price will be the sum of the final bid price plus the buyer’s premium. The premium to the Buyer is 25% of the first SFr 60,000 of the Hammer Price, plus 20% of the excess of the Hammer Price above SFr 60,000 up to and including SFr 1,200,000 plus 12% of any sum in excess of SFr 1,200,000. For further details please refer to Conditions of Sale No. 3.

Pre-Auction Viewing

You can attend pre-sale viewings for all our auctions at no charge. All property to be auctioned is usually on view for several days prior to the sale. You are encouraged to examine lots thoroughly and to request condition reports (see below). Christie’s specialists and client service staff are available to give advice at all viewings or by appointment.

Bidder Registration

Prospective buyers who have not previously bid or consigned with Christie’s should bring: 

• Individuals: government-issued photo identification (such as a driving licence, national identity card, or passport) and, if not shown on the ID document, proof of current address, for example a utility bill or bank statement.

• Corporate clients: a photocopy of the company register.

• For other business structures such as trusts, offshore companies or partnerships, please contact Christie’s Credit Department at +41 (0)22 319 1740 for advice on the information you should supply.

• A financial reference in the form of a recent bank statement or a reference from your bank. Christie’s can supply a form of wording for the bank reference if necessary. 

• Persons registering to bid on behalf of someone who has not previously bid or consigned with Christie’s should bring identification documents not only for themselves but also for the party on whose behalf they are bidding, together with a signed letter of authorisation from that party. 

To allow sufficient time to process the information, new clients are encouraged to register at least 48 hours in
advance of a sale.

Prospective buyers who wish to bid in the saleroom can register online in advance of the sale, or can come to the saleroom on the day of the sale approximately 30 minutes before the start of the sale to register in person. 

Clients who have not made a purchase from any Christie’s office within the last two years and those wishing to spend more than on previous occasions, will be asked to supply a new bank reference. For assistance with references,
please contact Christie’s Credit Department at
+41 (0)22 319 1740.  

REGISTERING TO BID ON SOMEONE ELSE’S BEHALF

Persons bidding on behalf of an existing client should bring a signed letter from the client authorising the bidder to act on the client’s behalf. Please note that Christie’s does not accept payments from third parties. Christie’s can only accept payment from the client, and not from the person bidding on their behalf.

Bidding

The auctioneer accepts bids from those present in the saleroom, from telephone bidders, or by absentee written bids left with Christie’s in advance of the auction. The auctioneer may also execute bids on behalf of the seller up to the amount of the reserve. The auctioneer will not specifically identify bids placed on behalf of the seller. Under no circumstances will the auctioneer place any bid on behalf of the seller at or above the reserve. Bid steps are shown on the Absentee Bid Form at the back of this catalogue.

Absentee Bids

If you cannot come to an auction in person, Christie’s can bid for you. There is no charge for this service, known as commission bidding. You simply pay the final bid price plus the premium and VAT in the usual way, as explained on the written bids form included at the back of this catalogue. Absentee bids submitted on “no reserve” lots will, in the absence of a higher bid, be executed at approximately 50% of the low pre sale estimate or at the amount of the bid if it is less than 50% of the low pre-sale estimate.

Please note we can not accept bids by e-mail.

Telephone Bids

If you cannot attend the auction, you are welcome to bid on the telephone on lots with a minimum estimate of SFr 10,000. (We also recommend that you leave a covering bid which we can execute on your behalf just in case we are unable to reach you by telephone).

As the number of telephone lines are limited please make arrangements for this service at least 2 hours before the sale, especially if you wish to bid in a language other than English:

Client Services:

Tel: +41 (0)22 319 1724

Fax: +41 (0)22 319 1721

Successful Bids

The fall of the auctioneer’s hammer indicates the final bid. The auctioneer will call out and record the name or “paddle” number of the buyer. If your written bid is successful, you will be notified immediately after the sale by post. Bidding may be re-opened at the auctioneer’s discretion.

Payment

Payment and Collection of Goods

Payment must be made within seven calendar days of the sale and the property you have bought can then be collected. Goods can only be collected when payment has cleared.

Payment can be made by cash up to SFr. 12.500, or cheque, made payable to Christie’s, or by credit card (Amex, Visa, Mastercard), debit card (EC) or by bank transfer direct to our bank:

Crédit Suisse
Case Postale 100
1211 Geneva 70
Switzerland

Account No: 161766 - 41
CLEARING 4835

IBAN CH30 0483 5016 1766 4100 0

SWIFT CODE: CRESCHZZ12A

Please note that payments by credit card are subject to administrative fees (1% for Amex and 2.5% for Visa and Mastercard). There is no surcharge for debit card payments.

In the case of distance payments, written instructions, including the cardholder’s signature, must be sent to Christie’s.

To avoid any delay in releasing goods, prospective buyers should supply bank references before the auction.

Please include your name and invoice number with your instructions to the bank.

Although personal and company cheques are accepted, buyers are advised that purchases will not be released until such cheques have cleared.

Payment by cash, credit cards, debit cards or banker’s draft will enable immediate release of purchases. Traveller’s cheques are not accepted.

Please note that transfer of lots is not recognised. The successful bidder during the auction is solely responsible for payment to Christie’s.

Please note that Christie’s will not accept payments for purchased Lots from any party other than the buyer, unless otherwise agreed between the buyer and Christie’s prior to the sale.

Value Added Tax (VAT)

VAT of 8% is applicable in all cases on the hammer price and Buyer’s premium. If the purchased lots are subsequently exported, VAT on the hammer price and premium is refundable by Christie’s on production of an export declaration stamped by Swiss Customs. For further information please contact Bilal Khan on +41 (0)22 319 1740.

Shipping

Christie’s can organise shipment within 24 hours upon receipt of payment and precise delivery instructions, through its international forwarder Valimpex S.A., CH-1211 Geneva Airport 5 (for jewellery and watches) and Harsch SA. Rue Baylon 10, CH-1227 Geneva (for all works of art). Estimates for the shipping of any property and advice on the most secure and economic means of dispatch can be obtained from our shipping department: 

Tel: +41 (0)22 319 1758
Fax: +41 (0)22 319 1751

Sale results

The Christie’s International Auction Results Service provides sale results for all Christie’s sales via the telephone. You can obtain faxed results for an entire sale.
To access the system dial: +44 (0)20 7627 2707

You will pay normal telephone rates for your local or international call. Spoken results are available shortly after lots have been sold. Faxed results for entire sales are usually available the day following each sale.

Christie’s cannot accept liability for any errors or ommissions, howsoever caused. Sellers should await their settlement statement as confirmation of any sold proceeds.

Price lists are also available on our website at
http://www.christies.com

Storage and Collection

Buyers are advised that all purchases not collected on the day of the sale will be held for collection at no charge for twenty-eight days.

Sellers

Unsold lots that are not going to be re-offered in a later sale and are not collected from the saleroom by
Thursday 14 May 12.00h can be collected at Christie’s,
8 place de la Taconnerie,
1204 Geneva.
Tel: +41 (0)22 319 1724
Fax: +41 (0)22 319 1721

Collection Times

Items can be collected at the Four Seasons Hotel des Bergues as follows:

Monday 16 May
until 1 hour after the end of the last session
Tuesday 17 May
from 10.00h to 18.00h
Wednesday 18 May
from 10.00h to 18.00h
Thursday 19 May
from 9.00h to 12.00h

After this, items can be collected from Christie’s offices at
8 place de la Taconnerie, in Geneva for a period of approximately 28 days.

Thereafter they will be transferred to our Storage department at the Free Port where a minimum charge of
SFr 100 per item will be incurred.

EXPORT OF CULTURAL PROPERTY

Certain lots consigned to us for sale at auction are subject to the Swiss Federal Law on the international transfer of Cultural Property. This law contains rules governing the export of Cultural Property as defined by the Unesco Convention of 14 November 1970, which sets out the measures to be taken in order to prevent the illicit import, export and trading of Cultural Property. Pursuant to this law the export of such Cultural Property from Switzerland must be declared and prior authorisation may also be required. Christie’s is at your disposal in the event that you require any further information in relation to these rules.

Lots are available for collection after payment has been made to Christie’s
                                                                                                                                                                                                                        AML 25/03/10

 

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Conditions Of Business

These Conditions of Sale and the Important Notices and Explanation of Cataloguing Practice contain all the terms on which Christie’s and the seller contract with the buyer. They may be amended by posted notices or oral announcements made during the sale. By bidding at auction you agree to be bound by these terms.

 

1.

The highest bidder shall be the Buyer; and if any dispute arises between two or more bidders, the lot so in dispute shall be immediately put up again and resold.

 

2.

The huissier or the auctioneer may advance the bidding, separate, join or withdraw any lot at his sole discretion. The minimum rate by which a bid may be increased is 10%. The huissier may, however, change this ratio during the sale upon advance notice.

The Seller shall not bid for his own objects and shall not cause any person to bid for him. Christie’s alone may bid on behalf of the Seller.

If the reserve price is not reached, Christie’s may reject the last bid and fix another starting price not below the reserve price.

Failing a bid equal to or above the reserve price, Christie’s shall withdraw the object without knocking it down to anybody. Christie’s reserves the right, however, to sell the object by private contract after the sale, provided that, in such case, the price shall not be less than the reserve price, subject to prior agreement of the Seller otherwise.

 

3.

The premium to the Buyer is 25% of the first SFr 60,000 of the Hammer Price, plus 20% of the excess of the Hammer Price above SFr 60,000 up to and including SFr 1,200,000 plus 12% of any sum in excess of SFr 1,200,000. VAT of 8% is added to the hammer price and to the premium. This tax is refunded to Buyers domiciled outside Switzerland upon receipt by Christie’s for each object of an export declaration stamped by Swiss Customs. This refund is recovered by Christie’s from the Swiss Fiscal Authorities only on presentation of the stamped declaration. The Authorities will not entertain a claim without presentation of this form duly stamped by Swiss Customs.

The total amount obtained by adding to the hammer price the Buyer’s commission and VAT shall constitute the purchase price for the purposes hereof.

For Wine, the premium is 15% of the hammer price up to SFr 250,000 and 10% of any amount in excess of SFr 250,000.

 

4.

For the Buyer’s guidance, a currency converter will be operated at some auctions showing rates of conversion applying on the date immediately preceding the date of sale as notified to Christie’s by a major bank.

Christie’s shall accept no responsibility in this respect, in particular for any mistakes in the conversion into Swiss francs and/or foreign currencies.

 

5.

All statements in the catalogues, advertisements or brochures of forthcoming sales of Christie’s are statements of opinion only and do not constitute any warranty by Christie’s or the Seller. Intending Buyers must satisfy themselves before the sale regarding the physical description and condition of any lot, and as to any defects or any repairs effected or required. 

The estimated selling price of each lot is printed beneath the lot description and does not include the Buyer’s premium or VAT. These prices are based on estimations made some time ahead of the sale and may therefore be revised before the sale.

 

 6.

Christie’s acts as agent for the Seller only.

Neither Christie’s nor the Seller shall be responsible for any defects of any objects, nor do they warrant the correctness of statements concerning authorship, origin, date, age, attribution, genuineness, provenance, weight or condition of any object.

Nor has any person in the employ of Christie’s any authority to make or give any representation or warranty.

 

7.

The Buyer acquires title to the object as it is knocked down to him and any profits or risks from such moment shall be his.

 

8.

Where a Buyer discovers, after the sale, that the object which he has acquired is determined to be a forgery, he shall return it to Christie’s within one year from the day he became aware thereof, enclosing all pieces of evidence on which he bases his complaint.

Christie’s shall cancel the sale and return to the Buyer all amounts paid, except in the 

following cases:

a) if the description of the object in the  catalogue of the sale appears to agree with the opinion generally accepted at the time by specialists and experts in such objects, or if the catalogue explicitly stated that there may be a difference of opinion as to such description.

b) if the non-authenticity of the object may only be established by a scientific procedure, the effectiveness of which was generally acknowledged only after publication of the sale catalogue or if such process was at the time of the sale unreasonably expensive or of a nature to cause damage to the object itself.

In all cases, only the person to whom the object was personally knocked down will be entitled to claim such cancellation of sale and only on condition that he is in a position to return full ownership thereof to Christie’s and that the  object has not suffered any alteration since the sale.

9.

In order to comply with local laws and regulations and to prevent as far as possible any error in the attribution of any objects sold, the persons intending to bid are requested to identify themselves at the registration office on the sale premises. Upon presentation of adequate financial credentials, intending Buyers shall complete a registration card mentioning their name and address and shall receive a number which will enable them to take part in the bidding.

When making a bid, a bidder is accepting personal liability to pay the purchase price, including the buyer’s premium and all applicable taxes, plus all other applicable charges, unless it has been explicitly agreed in writing with Christie’s before the commencement of the sale that the bidder is acting as agent on behalf of an identified third party acceptable to Christie’s, and that Christie’s will only look to the principal for payment.

The attention of the potential Buyer is drawn to the fact that Christie’s needs to verify the identity of the Buyer as set out in “Buying at Christie’s, Bidder Registration.”

 10.

Christie’s will accept to execute commission bids on behalf of clients, in particular for intending Buyers who are unable to attend. No responsibility shall, however, rest upon Christie’s or its employees in case of defect in the transmission of bids at the sale.

In the event that two identical commissions should be the highest bids at the sale, the object shall be knocked down to the Buyer whose commission bid has been received first. 

Christie’s reserves the right, at its discretion, to refuse commission bids from a Buyer in case the information or documents provided as evidence of his identity or the identity of the beneficial owner proves to be wrong, incomplete, ambiguous or unsatisfactory.

 

11.

In order to avoid any error in the attribution of objects and the settlement of invoices as well as to proceed with the necessary verifications regarding the Buyer’s and the beneficial owner’s identity, no lot may be removed during the sale.

Christie’s shall be entitled to retain items sold until all amounts due to us, or to Christie’s International plc, or to any of its affiliates, subsidiaries or parent companies worldwide, have been received in full in good cleared funds or until the buyer has performed any other outstanding obligations as we, in our sole discretion, shall require, including, for the avoidance of doubt, completing any anti-money laundering or anti-terrorism financing checks we may require to our satisfaction. In the event a buyer fails to complete any anti-money laundering or anti-terrorism financing checks to our satisfaction, Christie’s shall be entitled to cancel the sale and to take any other actions that are required or permitted under applicable law.

 

12.

The purchase price of the objects as defined in article 3 hereof shall be paid in Swiss francs within seven days of the sale. After such date, interest at the rate of 1% per month shall be charged on the unpaid balance due.

Payment may also be made in foreign currencies having legal tender if their amount may by converted into the equivalent of the purchase price in Swiss francs of the value date of the payment.

13.

Failing payment by the Buyer within seven days from the sale, Christie’s shall use its best efforts to comply with the instructions of the Seller as to the action to be taken and to assist the Seller as far as possible, in particular in order to collect the purchase price or to cancel the sale. Any damages are in all cases expressly reserved.

Notwithstanding the foregoing, Christie’s reserves itself the right at its discretion and at the Seller’s expense to accept special conditions of payment of the purchase price, to arrange for warehousing or insurance of the object sold, to settle (or to pursue) any judicial proceedings brought by or against the Buyer on such conditions as Christie’s shall deem appropriate, to take any action necessary for the collection of the amounts due by the Buyer and, if appropriate, to set aside the sale and return the object to the Seller.

In such case, Christie’s may tender the object at the Geneva Free Port at the exclusive expense and risk of the Buyer.

 

14.

Any partial payment by the Buyer to Christie’s shall be deemed a payment by way of deposit.

In case of failure by the Buyer to pay the full purchase price as herein above provided, such deposit shall be automatically forfeited and the object shall be resold at public auction or by private auction or by private sale at the entire discretion of Christie’s.

 

15.

Should the information or documents provided by the Buyer regarding the Buyer’s identity and the beneficial owner’s identity prove to be wrong, incomplete, ambiguous or unsatisfactory to the sole appreciation of Christie’s, the sale will become null and void. The Buyer shall be liable for all incurred expenses.

 

16.

In the case that a Buyer, after having fulfilled all his obligations pursuant to the present conditions of sale, fails to remove the object in time, as provided under article 13 above, Christie’s shall be entitled, after notification to the Buyer, to render the object at the Geneva Free Port at the Buyer’s expenses and risk.

 

17.

Any visitor shall be liable for damages he may cause to the objects and items exhibited.

 

18.

These conditions of sale shall be available for inspection by all persons interested as soon as the sale has been published. They shall be posted conspicuously in the sale premises during the sale.

 

19.

These conditions of sale shall be subject to Swiss law. Any dispute regarding their execution, non-execution or their interpretation shall be within the exclusive jurisdiction of the Courts of the Canton of Geneva, subject to appeal to the Federal Tribunal.

                                                                                                                                                                                                               AML 16/3/09