Important Information
ROLEX DAYTONA
»LESSON ONE«
AUCTION
Sunday 10 November 2013
at 20.00 Hours Lots 1-50
under the aegis of
Maître Jean Christin, Huissier Judiciaire
At the Four Seasons Hotel des Bergues
33 quai des Bergues, 1201 Geneva
Tel: +41 (0)22 319 1724
Fax: +41 (0)22 319 1721
PUBLIC VIEWING - GENEVA
Friday 8 November 10.00 - 18.00 Hours
Saturday 9 November 10.00 - 19.00 Hours
PRIVATE VIEWING - GENEVA
Sunday 10 November 10.00 - 17.00 Hours
AUCTIONEER
Aurel Bacs
AUCTION CODE AND NUMBER
In sending absentee bids or making
enquiries, this sale should be referred
to as DAYTONA-4002
SELECTED VIEWING
TAIPEI
1 October, 11am-3pm and
2 October, 11am-3pm
Christie’s Taipei Offce, Suite 1302, 13F,
No. 207, Sec 2, Tun Hua South Road,
Taipei 106, Taiwan
TOKYO
5 October, 10am-7pm
Cornes Motors Ltd., Cornes House 3-5-1
Shiba, Minato-ku, Tokyo 105-0014, Japan
PARIS
22 October, 10am-5pm and
23 October, 10am-1pm
Mandarin Oriental Paris,
251 rue Saint-Honoré, Paris
HONG KONG
28-29 October, 10.30am-6pm
Grand Hyatt Hong Kong,
1 Harbour Road, Hong Kong
DUBAI
2-4 November
JW Marriott Marquis Dubai,
Sheikh Zayed Road, Business Bay,
Dubai, UAE
CONDITIONS OF SALE
This auction is subject to Important Notices, Conditions of Sale and to reserves. [135]
SPECIALISTS
Aurel Bacs
Sabine Kegel
Livia Russo
Dr. Nathalie Monbaron
Jenny Tumpelmann
Audrey Humbert
Tel: +41 (0)22 319 1724
Fax: +41 (0)22 319 1721
AUCTION ADMINISTRATOR
Annick Vernet
Tel: +41 (0)22 319 1742
Fax: +41 (0)22 319 1721
CATALOGUERS
Jenny Tumpelmann
Audrey Humbert
Tel: +41 (0)22 319 1762
Fax: +41 (0)22 319 1721
BUSINESS MANAGER
Stéphane von Bueren
Tel: +41 (0)22 319 1791
Fax: +41 (0)22 319 1721
EMAIL
First initial followed by
last name@christies.com
(e.g. Aurel Bacs = abacs@christies.com).
For general enquiries about this auction
emails should be addressed to the
Auction Administrator(s).
SERVICES
ABSENTEE AND TELEPHONE BIDS
Tel: +41 (0)22 319 1724
Fax: +41 (0)22 319 1721
Internet: www.christies.com
CHRISTIE’S LIVE ENQUIRIES
Tel: +41 (0)22 319 1740
UK: +44 (0)20 7840 1400
US: +1 212 468 7400
Internet: www.christies.com
AUCTION RESULTS
UK: +44 (0)20 77839 9060
US: +1 212 703 8080
Internet: www.christies.com
CATALOGUES ONLINE
Lotfnder®
Internet: www.christies.com
CLIENT SERVICES
Tel: +44 (0)20 7839 9060
Fax: +44 (0)20 7389 2869
Email : info@christies.com
PAYMENT
Buyers
Tel: +41 (0)22 319 1740
Fax: +41 (0)22 319 1741
Consignors
Tel: +44 (0)20 7389 2082
SHIPPING
Tel: +41 (0)22 319 1758
Fax: +41 (0)22 319 1751
STORAGE AND COLLECTION
Tel: +41 (0)22 319 1724
Fax: +41 (0)22 319 1721
CONDITIONS OF SALE
This auction is subject to Important Notices, Conditions of Sale and to Reserves.
BUYING AT CHRISTIE’S
For an overview of the process, see the Buying at Christie’s section.
christies.com
CHRISTIES LIVE
Bid live in Christie’s salerooms worldwide register at www.christies.com
Browse this auction and view real-time results on your iPhone and iPod Touch
IMPORTANT NOTICESCHRISTIE’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 identifed in the
catalogue with the symbol Δ next to the lot number. On
occasion, Christie’s has a direct fnancial 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 identifed in the catalogue by the symbol ˚ next to the lot
number. Where Christie’s has an ownership or fnancial
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.
In this catalogue, if property has a °♦ next to the lot number,
Christies guarantee of a minimum price has been fully
fnanced through third parties.
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”.
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.
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 fne 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.
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 fgures 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 fnd this visual
presentation helpful.
CATALOGUE EXCHANGE RATE:
US$1 = SFr 0.95
Ç1 = SFr 1.25
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 defnitive. 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 fgurant 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 afn
d’identifer 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 qualifé 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
vérifcation 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
fdèle de l’opinion de leurs auteurs. Les Acheteurs sont
avisés que des certifcats ne sont disponibles que dans les cas
expressément prévus dans le catalogue.
BUYING AT CHRISTIE’SCONDITIONS 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 confdential minimum price the consignor will
accept and will not exceed the low
pre-sale estimate. Lots that are not subject to a reserve are
identifed 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 fnal bid price plus the buyer’s premium. The premium to
the Buyer is 25% of the frst SFr 100,000 of the Hammer Price,
plus 20% of the excess of the Hammer Price above SFr 100,000
up to and including SFr 2,000,000 plus 12% of any sum in excess
of SFr 2,000,000. For further details please refer to Conditions of
Sale No. 3.
For Wine, the premium is 17.5% of the hammer price.
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 identifcation (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 fnancial 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
identifcation 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 suffcient 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 offce
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 specifcally 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 fnal 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 fnal 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 notifed
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 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 and debit cards will enable
immediate release of purchases. 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 Yann Baumann 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 confrmation 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
Wednesday 13 November 18.00h 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 11 November
until 1 hour after the end of the last session
Tuesday 12 November
from 10.00h to 18.00h
Wednesday 13 November
from 10.00h to 18.00h
After this, items can be collected from Christie’s offces in Geneva
at 8 place de la Taconnerie from Thursday 14 November, 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 defned 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
STORAGE AND COLLECTIONBuyers 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
Wednesday 13 November 18.00h 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 11 November
until 1 hour after the end of the last session
Tuesday 12 November
from 10.00h to 18.00h
Wednesday 13 November
from 10.00h to 18.00h
After this, items can be collected from Christie’s offces in Geneva
at 8 place de la Taconnerie from Thursday 14 November, 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.
CONDITIONS OF SALEThese 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 100,000 of the Hammer Price, plus 20% of the
excess of the Hammer Price above SFr 100,000 up to
and including SFr 2,000,000 plus 12% of any sum
in excess of SFr 2,000,000. For Wine, the premium
is 17.5% of the hammer price. 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
within 30 days of the collection date. 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.
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 antimoney
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.