AUCTION TITLE/PREVIEW DATES

THE ART OF THE SURREAL EVENING SALE
 

TUESDAY 28 FEBRUARY 2017 AT 7.00 PM

AUCTION

Tuesday 28 February 2017

at 7.00 pm

(Immediately following the Impressionist & Modern Art Evening Sale)

8 King Street, St. James’s

London SW1Y 6QT

VIEWING

Thursday 23 February 9.00 am - 4.30 pm

Friday 24 February 9.00 am - 4.30 pm

Saturday 25 February 12 noon - 5.00 pm

Sunday 26 February 12 noon - 5.00 pm

Monday 27 February 9.00 am - 8.00 pm

Tuesday 28 February 9.00 am - 3.00 pm

AUCTIONEER

Jussi Pylkkänen

AUCTION CODE AND NUMBER

In sending absentee bids or making

enquiries, this sale should be referred

to as PIETRO-13486

AUCTION RESULTS

UK: +44 (0)20 7839 9060

christies.com

CONDITIONS OF SALE

This auction is subject to

Important Notices,

Conditions of Sale

and to reserves.

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SPECIALISTS & SERVICES

SPECIALISTS IN CHARGE

Olivier Camu

Deputy Chairman

Tel: +44 (0)20 7389 2450

ocamu@christies.com

Giovanna Bertazzoni

Deputy Chairman

Tel: +44 (0)20 7389 2542

gbertazzoni@christies.com

Jay Vincze

International Director

Head of Department

Tel: +44 (0)20 7389 2536

jvincze@christies.com

Liberté Nuti

International Director, Private Sales

Tel: +44 (0)20 7389 2441

lnuti@christies.com

Jason Carey

Director

Tel:+44 (0)20 7389 2833

jcarey@christies.com

Antoine Lebouteiller

Associate Director

Tel:+44 (0)20 7389 2515

alebouteiller@christies.com

Anna Povejsilova

Junior Specialist

Tel: +44 (0)20 7389 2722

apovejsilova@christies.com

SALE COORDINATOR

Laetitia Pot

Tel: +44 (0)20 7389 2052

Department fax: +44 (0)20 7839 8326 

EMAIL

First initial followed by last name@christies.com

(e.g. Jay Vincze = jvincze@christies.com) For

general enquiries about this auction, emails should

be addressed to the Auction Administrator(s). 

SERVICES FOR THIS AUCTION 

ABSENTEE AND TELEPHONE BIDS

Tel: +44 (0)20 7389 2658

Fax: +44 (0)20 7930 8870

www.christies.com

POST-SALE SERVICES

PAYMENT, SHIPPING, AND COLLECTION

Post-Sale Coordinator

Maxi Siegrist

Tel: +44 (20) 7752 3200

Fax: +44 (20) 7752 3300

Email: PostSaleUK@christies.com

AUCTION RESULTS

UK: +44 (0)20 7839 9060

www.christies.com

CATALOGUES ONLINE

www.christies.com 

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IMPORTANT NOTICES

IMPORTANT NOTICES 

CHRISTIE’S INTEREST IN PROPERTY

CONSIGNED FOR AUCTION

Δ Property Owned in part or in full by Christie’s

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 Δ next to its lot number.

º Minimum Price Guarantees

On occasion, Christie’s has a direct financial interest in

the outcome of the sale of certain lots consigned for sale.

This will usually be where it has guaranteed to the Seller

that whatever the outcome of the auction, the Seller

will receive a minimum sale price for the work. This is

known as a minimum price guarantee. Where Christie’s

holds such financial interest we identify such lots with the

symbol º next to the lot number.

º♦ Third Party Guarantees/Irrevocable bids

Where Christie’s has provided a Minimum Price

Guarantee it is at risk of making a loss, which can be

significant, if the lot fails to sell. Christie’s therefore

sometimes chooses to share that risk with a third party.

In such cases the third party agrees prior to the auction

to place an irrevocable written bid on the lot. The third

party is therefore committed to bidding on the lot and,

even if there are no other bids, buying the lot at the level

of the written bid unless there are any higher bids. In

doing so, the third party takes on all or part of the risk of

the lot not being sold. If the lot is not sold, the third party

may incur a loss. Lots which are subject to a third party

guarantee arrangement are identified in the catalogue

with the symbol º♦.

The third party will be remunerated in exchange for

accepting this risk based on a fixed fee if the third party is

the successful bidder or on the final hammer price in the

event that the third party is not the successful bidder. The

third party may also bid for the lot above the written bid.

Where it does so, and is the successful bidder, the fixed

fee for taking on the guarantee risk may be netted against

the final purchase price. 

Third party guarantors are required by us to disclose to

anyone they are advising their financial interest in any lots

they are guaranteeing. However, for the avoidance of any

doubt, if you are advised by or bidding through an agent on

a lot identified as being subject to a third party guarantee you

should always ask your agent to confirm whether or not he or

she has a financial interest in relation to the lot.

Other Arrangements

Christie’s may enter into other arrangements not

involving bids. These include arrangements where

Christie’s has given the Seller an Advance on the proceeds

of sale of the lot or where Christie’s has shared the risk

of a guarantee with a partner without the partner being

required to place an irrevocable written bid or otherwise

participating in the bidding on the lot. Because such

arrangements are unrelated to the bidding process they are

not marked with a symbol in the catalogue.

Bidding by parties with an interest

In any case where a party has a financial interest in

a lot and intends to bid on it we will make a saleroom

announcement to ensure that all bidders are aware of this.

Such financial interests can include where beneficiaries of

an Estate have reserved the right to bid on a lot consigned

by the Estate or where a partner in a risk-sharing

arrangement has reserved the right to bid on a lot and/or

notified us of their intention to bid.

Please see http://www.christies.com/ financial-interest/

for a more detailed explanation of minimum price

guarantees and third party financing arrangements.

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 in the

front of the catalogue.

POST 1950 FURNITURE

All items of post-1950 furniture included in this

sale are items either not originally supplied for use in

a private home or now offered solely as works of art.

These items may not comply with the provisions of the

Furniture and Furnishings (Fire) (Safety) Regulations

1988 (as amended in 1989 and 1993, the ‘Regulations’).

Accordingly, these items should not be used as furniture

in your home in their current condition. If you do

intend to use such items for this purpose, you must

first ensure that they are reupholstered, restuffed and/

or recovered (as appropriate) in order that they comply

with the provisions of the Regulations.

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EXPLANATION OF CATALOGUING

EXPLANATION OF CATALOGUING PRACTICE

FOR PICTURES, DRAWINGS, PRINTS

AND MINIATURES

Terms used in this catalogue have the meanings

ascribed to them below. Please note that all statements

in this catalogue as to authorship are made subject to

the provisions of the Conditions of Sale and Limited

Warranty. Buyers are advised to inspect the property

themselves. Written condition reports are usually available

on request.

Name(s) or Recognised Designation of an Artist without

any Qualification

In Christie’s opinion a work by the artist.

*“Attributed to …”

In Christie’s qualified opinion probably a work by the

artist in whole or in part.

*“Studio of …”/“Workshop of …”

In Christie’s qualified opinion a work executed in the

studio or workshop of the artist, possibly under his

supervision.

*“Circle of …”

In Christie’s qualified opinion a work of the period of

the artist and showing his influence.

*“Follower of …”

In Christie’s qualified opinion a work executed in the

artist’s style but not necessarily by a pupil.

*“Manner of …”

In Christie’s qualified opinion a work executed in the

artist’s style but of a later date.

*“After …”

In Christie’s qualified opinion a copy (of any date) of a

work of the artist.

“Signed …”/“Dated …”/

“Inscribed …”

In Christie’s qualified opinion the work has been signed/

dated/inscribed by the artist.

“With signature …”/“With date …”/

“With inscription …”

In Christie’s qualified opinion the signature/

date/inscription appears to be by a hand other than that

of the artist.

The date given for Old Master, Modern and

Contemporary Prints is the date (or approximate date

when prefixed with ‘circa’) on which the matrix was

worked and not necessarily the date when the impression

was printed or published.

*This term and its definition in this Explanation of

Cataloguing Practice are a qualified statement as to

authorship. While the use of this term is based upon

careful study and represents the opinion of specialists,

Christie’s and the consignor assume no risk, liability and

responsibility for the authenticity of authorship of any lot

in this catalogue described by this term, and the Limited

Warranty shall not be available with respect to lots

described using this term.

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CONDITIONS OF SALE & BUYING AT CHRISTIE'S

CONDITIONS OF SALE • BUYING AT CHRISTIE’S

CONDITIONS OF SALE

These Conditions of Sale and the Important Notices

and Explanation of Cataloguing Practice set out

the terms on which we offer the lots listed in this

catalogue for sale. By registering to bid and/or by

bidding at auction you agree to these terms, so you

should read them carefully before doing so. You will

find a glossary at the end explaining the meaning of

the words and expressions coloured in bold.

Unless we own a lot (Δ symbol, Christie’s acts as

agent for the seller.

A BEFORE THE SALE

1 DESCRIPTION OF LOTS

(a) Certain words used in the catalogue description

have special meanings. You can find details of

these on the page headed ‘Important Notices and

Explanation of Cataloguing Practice’ which forms

part of these terms. You can find a key to the

Symbols found next to certain catalogue entries

under the section of the catalogue called ‘Symbols

Used in this Catalogue’.

(b) Our description of any lot in the catalogue,

any condition report and any other statement made

by us (whether orally or in writing) about any lot,

including about its nature or condition, artist, period,

materials, approximate dimensions or provenance are

our opinion and not to be relied upon as a statement

of fact. We do not carry out in-depth research of

the sort carried out by professional historians and

scholars. All dimensions and weights are approximate

only.

2 OUR RESPONSIBILITY FOR OUR

DESCRIPTION OF LOTS

We do not provide any guarantee in relation to the

nature of a lot apart from our authenticity warranty

contained in paragraph E2 and to the extent provided

in paragraph I below.

3 CONDITION

(a) The condition of lots sold in our auctions can

vary widely due to factors such as age, previous

damage, restoration, repair and wear and tear. Their

nature means that they will rarely be in perfect

condition. Lots are sold ‘as is’, in the condition

they are in at the time of the sale, without any

representation or warranty or assumption of liability

of any kind as to condition by Christie’s or by the

seller.

(b) Any reference to condition in a catalogue entry

or in a condition report will not amount to a full

description of condition, and images may not show

a lot clearly. Colours and shades may look different

in print or on screen to how they look on physical

inspection. Condition reports may be available to

help you evaluate the condition of a lot. Condition

reports are provided free of charge as a convenience

to our buyers and are for guidance only. They

offer our opinion but they may not refer to all

faults, inherent defects, restoration, alteration or

adaptation because our staff are not professional

restorers or conservators. For that reason they are not

an alternative to examining a lot in person or taking

your own professional advice. It is your responsibility

to ensure that you have requested, received and

considered any condition report.

4 VIEWING LOTS PRE-AUCTION

(a) If you are planning to bid on a lot, you should

inspect it personally or through a knowledgeable

representative before you make a bid to make sure

that you accept the description and its condition. We

recommend you get your own advice from a restorer

or other professional adviser.

(b) Pre-auction viewings are open to the public free

of charge. Our specialists may be available to answer

questions at pre-auction viewings or by appointment.

5 ESTIMATES

Estimates are based on the condition, rarity, quality

and provenance of the lots and on prices recently

paid at auction for similar property. Estimates can

change. Neither you, nor anyone else, may rely

on any estimates as a prediction or guarantee of

the actual selling price of a lot or its value for any

other purpose. Estimates do not include the buyer’s

premium or any applicable taxes.

6 WITHDRAWAL

Christie’s may, at its option, withdraw any lot at any

time prior to or during the sale of the lot. Christie’s

has no liability to you for any decision to withdraw.

7 JEWELLERY

(a) Coloured gemstones (such as rubies, sapphires

and emeralds) may have been treated to improve their

look, through methods such as heating and oiling.

These methods are accepted by the inter national

jewellery trade but may make the gemstone less

strong and/or require special care over time.

(b) All types of gemstones may have been improved

by some method. You may request a gemmological

report for any item which does not have a report if the

request is made to us at least three weeks before the date

of the auction and you pay the fee for the report.

(c) We do not obtain a gemmological report for

every gemstone sold in our auctions. Where we

do get gemmological reports from internationally

accepted gemmological laboratories, such reports

will be described in the catalogue. Reports from

American gemmological laboratories will describe

any improvement or treatment to the gemstone.

Reports from European gemmological laboratories

will describe any improvement or treatment only if

we request that they do so, but will confirm when no

improvement or treatment has been made. Because of

differences in approach and technology, laboratories

may not agree whether a particular gemstone

has been treated, the amount of treatment or

whether treatment is permanent. The gemmological

laboratories will only report on the improvements or

treatments known to the laboratories at the date of

the report.

(d) For jewellery sales, estimates are based on the

information in any gemmological report or, if no

report is available, assume that the gemstones may

have been treated or enhanced.

8 WATCHES & CLOCKS

(a) Almost all clocks and watches are repaired in

their lifetime and may include parts which are

not original. We do not give a warranty that any

individual component part of any watch is authentic.

Watchbands described as ‘associated’ are not part of

the original watch and may not be authentic. Clocks

may be sold without pendulums, weights or keys.

(b) As collectors’ watches often have very fine and

complex mechanisms, a general service, change of

battery or further repair work may be necessary,

for which you are responsible. We do not give a

warranty that any watch is in good working order.

Certificates are not available unless described in the

catalogue.

(c) Most wristwatches have been opened to find out

the type and quality of movement. For that reason,

wristwatches with water resistant cases may not be

waterproof and we recommend you have them

checked by a competent watchmaker before use.

Important information about the sale, transport and

shipping of watches and watchbands can be found in

paragraph H2(g).

B REGISTERING TO BID

1 NEW BIDDERS

(a) If this is your first time bidding at Christie’s or

you are a returning bidder who has not bought

anything from any of our salerooms within the last

two years you must register at least 48 hours before

an auction to give us enough time to process and

approve your registration. We may, at our option,

decline to permit you to register as a bidder. You will

be asked for the following:

(i) for individuals: Photo identification (driving

licence, national identity card or passport) and, if not

shown on the ID document, proof of your current

address (for example, a current utility bill or bank

statement).

(ii) for corporate clients: Your Certificate of

Incorporation or equivalent document(s) showing

your name and registered address together with

documentary proof of directors and beneficial

owners; and

(iii) for trusts, partnerships, offshore companies and

other business structures, please contact us in advance

to discuss our requirements.

(b) We may also ask you to give us a financial

reference and/or a deposit as a condition of allowing

you to bid. For help, please contact our Credit

Department on +44 (0)20 7839 9060.

2 RETURNING BIDDERS

We may at our option ask you for current identification

as described in paragraph B1(a) above, a financial

reference or a deposit as a condition of allowing you

to bid. If you have not bought anything from any of

our salerooms in the last two years or if you want to

spend more than on previous occasions, please contact

our Credit Department on +44 (0)20 7839 9060.

3 IF YOU FAIL TO PROVIDE THE

RIGHT DOCUMENTS

If in our opinion you do not satisfy our bidder

identification and registration procedures including,

but not limited to completing any anti-money

laundering and/or anti-terrorism financing checks

we may require to our satisfaction, we may refuse

to register you to bid, and if you make a successful

bid, we may cancel the contract for sale between you

and the seller.

4 BIDDING ON BEHALF OF

ANOTHER PERSON

(a) As authorised bidder. If you are bidding on

behalf of another person, that person will need to

complete the registration requirements above before

you can bid, and supply a signed letter authorising

you to bid for him/her.

(b) As agent for an undisclosed principal: If you are

bidding as an agent for an undisclosed principal (the

ultimate buyer(s)), you accept personal liability to pay

the purchase price and all other sums due. Further,

you warrant that:

(i) you have conducted appropriate customer due

diligence on the ultimate buyer(s) of the lot(s) in

accordance with any and all applicable anti-money

laundering and sanctions laws, consent to us relying

on this due diligence, and you will retain for a period

of not less than five years the documentation and

records evidencing the due diligence;

(ii) you will make such documentation and records

evidencing your due diligence promptly available for

immediate inspection by an independent third-party

auditor upon our written request to do so. We will

not disclose such documentation and records to any

third-parties unless (1) it is already in the public

domain, (2) it is required to be disclosed by law, or

(3) it is in accordance with anti-money laundering

laws;

(iii) the arrangements between you and the ultimate

buyer(s) are not designed to facilitate tax crimes;

(iv) you do not know, and have no reason to suspect,

that the funds used for settlement are connected

with, the proceeds of any criminal activity or that

the ultimate buyer(s) are under investigation, charged

with or convicted of money laundering, terrorist

activities or other money laundering predicate

crimes.

A bidder accepts personal liability to pay the purchase

price and all other sums due unless it has been agreed

in writing with Christie’s before commencement of

the auction that the bidder is acting as an agent on

behalf of a named third party acceptable to Christie’s

and that Christie’s will only seek payment from the

named third party.

5 BIDDING IN PERSON

If you wish to bid in the saleroom you must register

for a numbered bidding paddle at least 30 minutes

before the auction. You may register online at www.

christies.com or in person. For help, please contact

the Credit Department on +44 (0)20 7839 9060.

6 BIDDING SERVICES

The bidding services described below are a free

service offered as a convenience to our clients and

Christie’s is not responsible for any error (human

or otherwise), omission or breakdown in providing

these services.

(a) Phone Bids

Your request for this service must be made no

later than 24 hours prior to the auction. We will

accept bids by telephone for lots only if our staff are

available to take the bids. If you need to bid in a

language other than in English, you must arrange this

well before the auction. We may record telephone

bids. By bidding on the telephone, you are agreeing

to us recording your conversations. You also agree

that your telephone bids are governed by these

Conditions of Sale.

(b) Internet Bids on Christie’s Live™

For certain auctions we will accept bids over the

Internet. Please visit www.christies.com/livebidding

and click on the ‘Bid Live’ icon to see details of

how to watch, hear and bid at the auction from

your computer. As well as these Conditions of Sale,

internet bids are governed by the Christie’s LIVE™

terms of use which are available on www.christies.

com.

(c) Written Bids

You can find a Written Bid Form at the back of our

catalogues, at any Christie’s office or by choosing the

sale and viewing the lots online at www.christies.

com. We must receive your completed Written

Bid Form at least 24 hours before the auction. Bids

must be placed in the currency of the saleroom. The

auctioneer will take reasonable steps to carry out

written bids at the lowest possible price, taking into

account the reserve. If you make a written bid on

a lot which does not have a reserve and there is no

higher bid than yours, we will bid on your behalf

at around 50% of the low estimate or, if lower, the

amount of your bid. If we receive written bids on a

lot for identical amounts, and at the auction these are

the highest bids on the lot, we will sell the lot to the

bidder whose written bid we received first.

C AT THE SALE

1 WHO CAN ENTER THE AUCTION

We may, at our option, refuse admission to our

premises or decline to permit participation in any

auction or to reject any bid.

2 RESERVES

Unless otherwise indicated, all lots are subject to

a reserve. We identify lots that are offered without

reserve with the symbol • next to the lot number. The

reserve cannot be more than the lot’s low estimate.

3 AUCTIONEER’S DISCRETION

The auctioneer can at his sole option:

(a) refuse any bid;

(b) move the bidding backwards or forwards in any

way he or she may decide, or change the order of the

lots;

(c) withdraw any lot;

(d) divide any lot or combine any two or more lots;

(e) reopen or continue the bidding even after the

hammer has fallen; and

(f) in the case of error or dispute and whether

during or after the auction, to continue the bidding,

determine the successful bidder, cancel the sale of

the lot, or reoffer and resell any lot. If any dispute

relating to bidding arises during or after the auction,

the auctioneer’s decision in exercise of this option is

final.

4 BIDDING

The auctioneer accepts bids from:

(a) bidders in the saleroom;

(b) telephone bidders, and internet bidders through

‘Christie’s LIVE™ (as shown above in Section B6);

and

(c) written bids (also known as absentee bids or

commission bids) left with us by a bidder before the

auction.

5 BIDDING ON BEHALF OF THE SELLER

The auctioneer may, at his or her sole option, bid

on behalf of the seller up to but not including the

amount of the reserve either by making consecutive

bids or by making bids in response to other bidders.

The auctioneer will not identify these as bids made

on behalf of the seller and will not make any bid on

behalf of the seller at or above the reserve. If lots are

offered without reserve, the auctioneer will generally

decide to open the bidding at 50% of the low

estimate for the lot. If no bid is made at that level, the

auctioneer may decide to go backwards at his or her

sole option until a bid is made, and then continue up

from that amount. In the event that there are no bids

on a lot, the auctioneer may deem such lot unsold.

6 BID INCREMENTS

Bidding generally starts below the low estimate and

increases in steps (bid increments). The auctioneer

will decide at his or her sole option where the bidding

should start and the bid increments. The usual bid

increments are shown for guidance only on the

Written Bid Form at the back of this catalogue.

7 CURRENCY CONVERTER

The saleroom video screens (and Christies LIVETM)

may show bids in some other major currencies as well

as sterling. Any conversion is for guidance only and

we cannot be bound by any rate of exchange used.

Christie’s is not responsible for any error (human

or otherwise), omission or breakdown in providing

these services.

8 SUCCESSFUL BIDS

Unless the auctioneer decides to use his or her

discretion as set out in paragraph C3 above, when

the auctioneer’s hammer strikes, we have accepted

the last bid. This means a contract for sale has been

formed between the seller and the successful bidder.

We will issue an invoice only to the registered bidder

who made the successful bid. While we send out

invoices by post and/or email after the auction , we

do not accept responsibility for telling you whether

or not your bid was successful. If you have bid by

written bid, you should contact us by telephone or

in person as soon as possible after the auction to get

details of the outcome of your bid to avoid having to

pay unnecessary storage charges.

9 LOCAL BIDDING LAWS

You agree that when bidding in any of our sales

that you will strictly comply with all local laws and

regulations in force at the time of the sale for the

relevant sale site.

D THE BUYER’S PREMIUM, TAXES

AND ARTIST’S RESALE ROYALTY

1 THE BUYER’S PREMIUM

In addition to the hammer price, the successful bidder

agrees to pay us a buyer’s premium on the hammer

price of each lot sold. On all lots we charge 25% of

the hammer price up to and including £100,000,

20% on that part of the hammer price over £100,000

and up to and including £2,000,000, and 12% of

that part of the hammer price above £2,000,000.

2 TAXES

The successful bidder is responsible for any applicable

tax including any VAT, sales or compensating use tax

or equivalent tax wherever they arise on the hammer

price and the buyer’s premium. It is the buyer’s

responsibility to ascertain and pay all taxes due. You

can find details of how VAT and VAT reclaims are

dealt with in the section of the catalogue headed

‘VAT Symbols and Explanation’. VAT charges and

refunds depend on the particular circumstances of the

buyer so this section, which is not exhaustive, should

be used only as a general guide. In all circumstances

EU and UK law takes precedence. If you have any

questions about VAT, please contact Christie’s VAT

Department on +44 (0)20 7839 9060 (email: VAT_

london@christies.com, fax: +44 (0)20 3219 6076).

3 ARTIST’S RESALE ROYALTY

In certain countries, local laws entitle the artist or the

artist’s estate to a royalty known as ‘artist’s resale right’

when any lot created by the artist is sold. We identify

these lots with the symbol λ next to the lot number.

If these laws apply to a lot, you must pay us an extra

amount equal to the royalty. We will pay the royalty

to the appropriate authority on the seller’s behalf.

The artist’s resale royalty applies if the hammer price

of the lot is 1,000 euro or more. The total royalty for

any lot cannot be more than 12,500 euro. We work

out the amount owed as follows:

Royalty for the portion of the hammer price

(in euros)

4% up to 50,000

3% between 50,000.01 and 200,000

1% between 200,000.01 and 350,000

0.50% between 350,000.01 and 500,000

over 500,000, the lower of 0.25% and 12,500 euro.

We will work out the artist’s resale royalty using the

euro to sterling rate of exchange of the European

Central Bank on the day of the auction.

E WARRANTIES

1 SELLER’S WARRANTIES

For each lot, the seller gives a warranty that the seller:

(a) is the owner of the lot or a joint owner of the lot

acting with the permission of the other co-owners or,

if the seller is not the owner or a joint owner of the

lot, has the permission of the owner to sell the lot, or

the right to do so in law; and

(b) has the right to transfer ownership of the lot

to the buyer without any restrictions or claims by

anyone else.

If either of the above warranties are incorrect, the

seller shall not have to pay more than the purchase

price (as defined in paragraph F1(a) below) paid by you

to us. The seller will not be responsible to you for any

reason for loss of profits or business, expected savings,

loss of opportunity or interest, costs, damages, other

damages or expenses. The seller gives no warranty in

relation to any lot other than as set out above and, as

far as the seller is allowed by law, all warranties from

the seller to you, and all other obligations upon the

seller which may be added to this agreement by law,

are excluded.

2 OUR AUTHENTICITY WARRANTY

We warrant, subject to the terms below, that the lots in

our sales are authentic (our ‘authenticity warranty’). If,

within five years of the date of the auction, you satisfy

us that your lot is not authentic, subject to the terms

below, we will refund the purchase price paid by you.

The meaning of authentic can be found in the glossary

at the end of these Conditions of Sale. The terms of the

authenticity warranty are as follows:

(a) It will be honoured for a period of five years from

the date of the auction. After such time, we will not

be obligated to honour the authenticity warranty.

(b) It is given only for information shown in

UPPERCASE type in the first line of the catalogue

description (the ‘Heading’). It does not apply to any

information other than in the Heading even if shown

in UPPERCASE type.

(c) The authenticity warranty does not apply to any

Heading or part of a Heading which is qualified.

Qualified means limited by a clarification in a lot’s

catalogue description or by the use in a Heading

of one of the terms listed in the section titled

Qualified Headings on the page of the catalogue

headed ‘Important Notices and Explanation of

Cataloguing Practice’. For example, use of the term

‘ATTRIBUTED TOÉ’ in a Heading means that the

lot is in Christie’s opinion probably a work by the

named artist but no warranty is provided that the lot

is the work of the named artist. Please read the full

list of Qualified Headings and a lot’s full catalogue

description before bidding.

(d) The authenticity warranty applies to the Heading

as amended by any Saleroom Notice.

(e) The authenticity warranty does not apply where

scholarship has developed since the auction leading

to a change in generally accepted opinion. Further,

it does not apply if the Heading either matched the

generally accepted opinion of experts at the date of

the sale or drew attention to any conflict of opinion.

(f) The authenticity warranty does not apply if the

lot can only be shown not to be authentic by a

scientific process which, on the date we published

the catalogue, was not available or generally accepted

for use, or which was unreasonably expensive or

impractical, or which was likely to have damaged

the lot.

(g) The benefit of the authenticity warranty is only

available to the original buyer shown on the invoice

for the lot issued at the time of the sale and only if

the original buyer has owned the lot continuously

between the date of the auction and the date of claim.

It may not be transferred to anyone else.

(h) In order to claim under the authenticity warranty

you must:

(i) give us written details, including full supporting

evidence, of any claim within five years of the date

of the auction;

(ii) at Christie’s option, we may require you to

provide the written opinions of two recognised

experts in the field of the lot mutually agreed by

you and us in advance confirming that the lot is not

authentic. If we have any doubts, we reserve the right

to obtain additional opinions at our expense; and

(iii) return the lot at your expense to the saleroom

from which you bought it in the condition it was in

at the time of sale.

(i) Your only right under this authenticity warranty

is to cancel the sale and receive a refund of the

purchase price paid by you to us. We will not, in

any circumstances, be required to pay you more than

the purchase price nor will we be liable for any loss

of profits or business, loss of opportunity or value,

expected savings or interest, costs, damages, other

damages or expenses.

(j) Books. Where the lot is a book, we give an

additional warranty for 14 days from the date of the

sale that if on collation any lot is defective in text

or illustration, we will refund your purchase price,

subject to the following terms:

(a) This additional warranty does not apply to:

(i) the absence of blanks, half titles, tissue guards or

advertisements, damage in respect of bindings, stains,

spotting, marginal tears or other defects not affecting

completeness of the text or illustration;

(ii) drawings, autographs, letters or manuscripts,

signed photographs, music, atlases, maps or

periodicals;

(iii) books not identified by title;

(iv) lots sold without a printed estimate;

(v) books which are described in the catalogue as

sold not subject to return; or

(vi) defects stated in any condition report or

announced at the time of sale.

(b) To make a claim under this paragraph you must

give written details of the defect and return the lot

to the sale room at which you bought it in the same

condition as at the time of sale, within 14 days of the

date of the sale.

(k) South East Asian Modern and Contemporary Art

and Chinese Calligraphy and Painting.

In these categories, the authenticity warranty does

not apply because current scholarship does not permit

the making of definitive statements. Christie’s does,

however, agree to cancel a sale in either of these two

categories of art where it has been proven the lot is

a forgery. Christie’s will refund to the original buyer

the purchase price in accordance with the terms

of Christie’s authenticity warranty, provided that

the original buyer notifies us with full supporting

evidence documenting the forgery claim within

twelve (12) months of the date of the auction. Such

evidence must be satisfactory to us that the lot is a

forgery in accordance with paragraph E2(h)(ii) above

and the lot must be returned to us in accordance

with E2h(iii) above. Paragraphs E2(b), (c), (d), (e),

(f) and (g) and (i) also apply to a claim under these

categories.

F PAYMENT

1 HOW TO PAY

(a) Immediately following the auction, you must

pay the purchase price being:

(i) the hammer price; and

(ii) the buyer’s premium; and

(iii) any amounts due under section D3 above; and

(iv) any duties, goods, sales, use, compensating or

service tax or VAT.

Payment is due no later than by the end of the

seventh calendar day following the date of the

auction (the ‘due date’).

(b) We will only accept payment from the registered

bidder. Once issued, we cannot change the buyer’s

name on an invoice or re-issue the invoice in a

different name. You must pay immediately even if

you want to export the lot and you need an export

licence.

(c) You must pay for lots bought at Christie’s in

the United Kingdom in the currency stated on the

invoice in one of the following ways:

(i) Wire transfer

You must make payments to:

Lloyds Bank Plc, City Office, PO Box 217, 72

Lombard Street, London EC3P 3BT. Account

number: 00172710, sort code: 30-00-02 Swift

code: LOYDGB2LCTY. IBAN (international bank

account number): GB81 LOYD 3000 0200 1727 10.

(ii) Credit Card.

We accept most major credit cards subject to

certain conditions. To make a ‘cardholder not

present’ (CNP) payment, you must complete a CNP

authorisation form which you can get from our

Cashiers Department. You must send a completed

CNP authorisation form by fax to +44 (0)20 7389

2869 or by post to the address set out in paragraph

(d) below. If you want to make a CNP payment

over the telephone, you must call +44 (0)20 7839

9060. CNP payments cannot be accepted by all

salerooms and are subject to certain restrictions.

Details of the conditions and restrictions applicable to

credit card payments are available from our Cashiers

Department, whose details are set out in paragraph

(d) below.

(iii) Cash

We accept cash subject to a maximum of £5,000

per buyer per year at our Cashier’s Department only

(subject to conditions).

(iv) Banker’s draft

You must make these payable to Christie’s and there

may be conditions.

(v) Cheque

You must make cheques payable to Christie’s.

Cheques must be from accounts in pounds sterling

from a United Kingdom bank.

(d) You must quote the sale number, your invoice

number and client number when making a payment.

All payments sent by post must be sent to: Christie’s,

Cashiers Department, 8 King Street, St James’s,

London SW1Y 6QT.

(e) For more information please contact our

Cashiers Department by phone on +44 (0)20 7839

9060 or fax on +44 (0)20 7389 2869.

2. TRANSFERRING OWNERSHIP TO YOU

You will not own the lot and ownership of the lot will

not pass to you until we have received full and clear

payment of the purchase price, even in circumstances

where we have released the lot to the buyer.

3 TRANSFERRING RISK TO YOU

The risk in and responsibility for the lot will transfer

to you from whichever is the earlier of the following:

(a) When you collect the lot; or

(b) At the end of the 30th day following the date

of the auction or, if earlier, the date the lot is taken

into care by a third party warehouse as set out on the

page headed ‘Storage and Collection’, unless we have

agreed otherwise with you in writing.

4 WHAT HAPPENS IF YOU DO NOT PAY

(a) If you fail to pay us the purchase price in full by

the due date, we will be entitled to do one or more

of the following (as well as enforce our rights under

paragraph F5 and any other rights or remedies we

have by law):

(i) to charge interest from the due date at a rate of

5% a year above the UK Lloyds Bank base rate from

time to time on the unpaid amount due;

(ii) we can cancel the sale of the lot. If we do this,

we may sell the lot again, publicly or privately on

such terms we shall think necessary or appropriate,

in which case you must pay us any shortfall between

the purchase price and the proceeds from the resale.

You must also pay all costs, expenses, losses, damages

and legal fees we have to pay or may suffer and any

shortfall in the seller’s commission on the resale;

(iii) we can pay the seller an amount up to the net

proceeds payable in respect of the amount bid by

your default in which case you acknowledge and

understand that Christie’s will have all of the rights

of the seller to pursue you for such amounts;

(iv) we can hold you legally responsible for the

purchase price and may begin legal proceedings to

recover it together with other losses, interest, legal

fees and costs as far as we are allowed by law;

(v) we can take what you owe us from any amounts

which we or any company in the Christie’s Group

may owe you (including any deposit or other partpayment

which you have paid to us);

(vi) we can, at our option, reveal your identity and

contact details to the seller;

(vii) we can reject at any future auction any bids

made by or on behalf of the buyer or to obtain a

deposit from the buyer before accepting any bids;

(viii) to exercise all the rights and remedies of a

person holding security over any property in our

possession owned by you, whether by way of pledge,

security interest or in any other way as permitted by

the law of the place where such property is located.

You will be deemed to have granted such security

to us and we may retain such property as collateral

security for your obligations to us; and

(ix) we can take any other action we see necessary

or appropriate.

(b) If you owe money to us or to another Christie’s

Group company, we can use any amount you do

pay, including any deposit or other part-payment

you have made to us, or which we owe you, to pay

off any amount you owe to us or another Christie’s

Group company for any transaction.

(c) If you make payment in full after the due date, and

we choose to accept such payment we may charge

you storage and transport costs from the date that is

30 calendar days following the auction in accordance

with paragraphs Gd(i) and (ii). In such circumstances

paragraph Gd(iv) shall apply.

5 KEEPING YOUR PROPERTY

If you owe money to us or to another Christie’s Group

company, as well as the rights set out in F4 above, we

can use or deal with any of your property we hold or

which is held by another Christie’s Group company in

any way we are allowed to by law. We will only release

your property to you after you pay us or the relevant

Christie’s Group company in full for what you owe.

However, if we choose, we can also sell your property in

any way we think appropriate. We will use the proceeds

of the sale against any amounts you owe us and we will

pay any amount left from that sale to you. If there is a

shortfall, you must pay us any difference between the

amount we have received from the sale and the amount

you owe us.

G COLLECTION AND STORAGE

(a) We ask that you collect purchased lots promptly

following the auction (but note that you may not

collect any lot until you have made full and clear

payment of all amounts due to us).

(b) Information on collecting lots is set out on the

storage and collection page and on an information

sheet which you can get from the bidder registration

staff or Christie’s cashiers on +44 (0)20 7839 9060.

(c) If you do not collect any lot promptly following

the auction we can, at our option, remove the lot

to another Christie’s location or an affiliate or third

party warehouse.

(d) If you do not collect a lot by the end of the

30th day following the date of the auction, unless

otherwise agreed in writing:

(i) we will charge you storage costs from that date.

(ii) we can at our option move the lot to or within

an affiliate or third party warehouse and charge you

transport costs and administration fees for doing so.

(iii) we may sell the lot in any commercially

reasonable way we think appropriate.

(iv) the storage terms which can be found at christies.

com/storage shall apply.

(v) Nothing in this paragraph is intended to limit our

rights under paragraph F4.

H TRANSPORT AND SHIPPING

1 TRANSPORT AND SHIPPING

We will enclose a transport and shipping form

with each invoice sent to you. You must make all

transport and shipping arrangements. However, we

can arrange to pack, transport and ship your property

if you ask us to and pay the costs of doing so. We

recommend that you ask us for an estimate, especially

for any large items or items of high value that

need professional packing before you bid. We may

also suggest other handlers, packers, transporters or

experts if you ask us to do so. For more information,

please contact Christie’s Art Transport on +44 (0)20

7839 9060. See the information set out at www.

christies.com/shipping or contact us at arttransport_

london@christies.com. We will take reasonable care

when we are handling, packing, transporting and

shipping a lot. However, if we recommend another

company for any of these purposes, we are not

responsible for their acts, failure to act or neglect.

2 EXPORT AND IMPORT

Any lot sold at auction may be affected by laws on

exports from the country in which it is sold and

the import restrictions of other countries. Many

countries require a declaration of export for property

leaving the country and/or an import declaration on

entry of property into the country. Local laws may

prevent you from importing a lot or may prevent you

selling a lot in the country you import it into.

(a) You alone are responsible for getting advice

about and meeting the requirements of any laws or

regulations which apply to exporting or importing

any lot prior to bidding. If you are refused a licence

or there is a delay in getting one, you must still pay us

in full for the lot. We may be able to help you apply

for the appropriate licences if you ask us to and pay

our fee for doing so. However, we cannot guarantee

that you will get one. For more information, please

contact Christie’s Art Transport Department on

+44 (0)20 7839 9060. See the information set out

at www.christies.com/shipping or contact us at

arttransport_london@christies.com.

(b) Lots made of protected species

Lots made of or including (regardless of the

percentage) endangered and other protected species

of wildlife are marked with the symbol ~ in the

catalogue. This material includes, among other

things, ivory, tortoiseshell, crocodile skin, rhinoceros

horn, whalebone, certain species of coral, and

Brazilian rosewood. You should check the relevant

customs laws and regulations before bidding on

any lot containing wildlife material if you plan to

import the lot into another country. Several countries

refuse to allow you to import property containing

these materials, and some other countries require

a licence from the relevant regulatory agencies in

the countries of exportation as well as importation.

In some cases, the lot can only be shipped with

an independent scientific confirmation of species

and/or age and you will need to obtain these at

your own cost. If a lot contains elephant ivory, or

any other wildlife material that could be confused

with elephant ivory (for example, mammoth ivory,

walrus ivory, helmeted hornbill ivory), please see

further important information in paragraph (c) if

you are proposing to import the lot into the USA.

We will not be obliged to cancel your purchase

and refund the purchase price if your lot may not

be exported, imported or it is seized for any reason

by a government authority. It is your responsibility

to determine and satisfy the requirements of any

applicable laws or regulations relating to the export

or import of property containing such protected or

regulated material.

(c) US import ban on African elephant ivory

The USA prohibits the import of ivory from

the African elephant. Any lot containing elephant

ivory or other wildlife material that could be

easily confused with elephant ivory (for example,

mammoth ivory, walrus ivory, helmeted hornbill

ivory) can only be imported into the US with

results of a rigorous scientific test acceptable to Fish

& Wildlife, which confirms that the material is not

African elephant ivory. Where we have conducted

such rigorous scientific testing on a lot prior to

sale, we will make this clear in the lot description.

In all other cases, we cannot confirm whether a lot

contains African elephant ivory, and you will buy

that lot at your own risk and be responsible for any

scientific test or other reports required for import

into the USA at your own cost. If such scientific test

is inconclusive or confirms the material is from the

African elephant, we will not be obliged to cancel

your purchase and refund the purchase price.

(d) Lots of Iranian origin

Some countries prohibit or restrict the purchase and/

or import of Iranian-origin ‘works of conventional

craftsmanship’ (works that are not by a recognised

artist and/or that have a function, for example: bowls,

ewers, tiles, ornamental boxes). For example, the

USA prohibits the import of this type of property

and its purchase by US persons (wherever located).

Other countries, such as Canada, only permit the

import of this property in certain circumstances. As a

convenience to buyers, Christie’s indicates under the

title of a lot if the lot originates from Iran (Persia). It

is your responsibility to ensure you do not bid on or

import a lot in contravention of the sanctions or trade

embargoes that apply to you.

(e) Gold

Gold of less than 18ct does not qualify in all countries

as ‘gold’ and may be refused import into those

countries as ‘gold’.

(f) Jewellery over 50 years old

Under current laws, jewellery over 50 years old

which is worth £34,300 or more will require an

export licence which we can apply for on your

behalf. It may take up to eight weeks to obtain the

export jewellery licence.

(g) Watches

(i) Many of the watches offered for sale in

this catalogue are pictured with straps made of

endangered or protected animal materials such as

alligator or crocodile. These lots are marked with the

symbol ~ in the catalogue. These endangered species

straps are shown for display purposes only and are

not for sale. Christie’s will remove and retain the

strap prior to shipment from the sale site. At some

sale sites, Christie’s may, at its discretion, make the

displayed endangered species strap available to the

buyer of the lot free of charge if collected in person

from the sale site within one year of the date of the

sale. Please check with the department for details on

a particular lot.

For all symbols and other markings referred to in

paragraph H2, please note that lots are marked as a

convenience to you, but we do not accept liability

for errors or for failing to mark lots.

I OUR LIABILITY TO YOU

(a) We give no warranty in relation to any

statement made, or information given, by us or our

representatives or employees, about any lot other

than as set out in the authenticity warranty and, as

far as we are allowed by law, all warranties and other

terms which may be added to this agreement by law

are excluded. The seller’s warranties contained in

paragraph E1 are their own and we do not have any

liability to you in relation to those warranties.

(b) (i) We are not responsible to you for any reason

(whether for breaking this agreement or any other

matter relating to your purchase of, or bid for, any

lot) other than in the event of fraud or fraudulent

misrepresentation by us or other than as expressly set

out in these Conditions of Sale; or

(ii) give any representation, warranty or guarantee or

assume any liability of any kind in respect of any lot

with regard to merchantability, fitness for a particular

purpose, description, size, quality, condition,

attribution, authenticity, rarity, importance,

medium, provenance, exhibition history, literature,

or historical relevance. Except as required by local

law, any warranty of any kind is excluded by this

paragraph.

(c) In particular, please be aware that our written

and telephone bidding services, Christie’s LIVE™,

condition reports, currency converter and saleroom

video screens are free services and we are not

responsible to you for any error (human or

otherwise), omission or breakdown in these services.

(d) We have no responsibility to any person other

than a buyer in connection with the purchase of any

lot.

(e) If, in spite of the terms in paragraphs (a) to (d)

or E2(i) above, we are found to be liable to you for

any reason, we shall not have to pay more than the

purchase price paid by you to us. We will not be

responsible to you for any reason for loss of profits

or business, loss of opportunity or value, expected

savings or interest, costs, damages, or expenses.

J OTHER TERMS

1 OUR ABILITY TO CANCEL

In addition to the other rights of cancellation

contained in this agreement, we can cancel a sale of

a lot if we reasonably believe that completing the

transaction is, or may be, unlawful or that the sale

places us or the seller under any liability to anyone

else or may damage our reputation.

2 RECORDINGS

We may videotape and record proceedings at any

auction. We will keep any personal information

confidential, except to the extent disclosure is

required by law. However, we may, through this

process, use or share these recordings with another

Christie’s Group company and marketing partners

to analyse our customers and to help us to tailor

our services for buyers. If you do not want to be

videotaped, you may make arrangements to make a

telephone or written bid or bid on Christie’s LIVE™

instead. Unless we agree otherwise in writing, you

may not videotape or record proceedings at any

auction.

3 COPYRIGHT

We own the copyright in all images, illustrations and

written material produced by or for us relating to a

lot (including the contents of our catalogues unless

otherwise noted in the catalogue). You cannot use

them without our prior written permission. We

do not offer any guarantee that you will gain any

copyright or other reproduction rights to the lot.

4 ENFORCING THIS AGREEMENT

If a court finds that any part of this agreement is not

valid or is illegal or impossible to enforce, that part of

the agreement will be treated as being deleted and the

rest of this agreement will not be affected.

5 TRANSFERRING YOUR RIGHTS

AND RESPONSIBILITIES

You may not grant a security over or transfer your

rights or responsibilities under these terms on the

contract of sale with the buyer unless we have given

our written permission. This agreement will be

binding on your successors or estate and anyone who

takes over your rights and responsibilities.

6 TRANSLATIONS

If we have provided a translation of this agreement,

we will use this original version in deciding any issues

or disputes which arise under this agreement.

7 PERSONAL INFORMATION

We will hold and process your personal information

and may pass it to another Christie’s Group company

for use as described in, and in line with, our privacy

policy at www.christies.com.

8 WAIVER

No failure or delay to exercise any right or remedy

provided under these Conditions of Sale shall

constitute a waiver of that or any other right or

remedy, nor shall it prevent or restrict the further

exercise of that or any other right or remedy. No

single or partial exercise of such right or remedy shall

prevent or restrict the further exercise of that or any

other right or remedy.

9 LAW AND DISPUTES

This agreement, and any non-contractual obligations

arising out of or in connection with this agreement, or

any other rights you may have relating to the purchase

of a lot will be governed by the laws of England and

Wales. Before we or you start any court proceedings

(except in the limited circumstances where the dispute,

controversy or claim is related to proceedings brought

by someone else and this dispute could be joined to

those proceedings), we agree we will each try to settle

the dispute by mediation following the Centre for

Effective Dispute Resolution (CEDR) Model Mediation

Procedure. We will use a mediator affiliated with CEDR

who we and you agree to. If the dispute is not settled by

mediation, you agree for our benefit that the dispute will

be referred to and dealt with exclusively in the courts of

England and Wales. However, we will have the right to

bring proceedings against you in any other court.

10 REPORTING ON

WWW.CHRISTIES.COM

Details of all lots sold by us, including catalogue

descriptions and prices, may be reported on www.

christies.com. Sales totals are hammer price plus

buyer’s premium and do not reflect costs, financing

fees, or application of buyer’s or seller’s credits. We

regret that we cannot agree to requests to remove

these details from www.christies.com.

K GLOSSARY

authentic: a genuine example, rather than a copy or

forgery of:

(i) the work of a particular artist, author or

manufacturer, if the lot is described in the Heading

as the work of that artist, author or manufacturer;

(ii) a work created within a particular period or

culture, if the lot is described in the Heading as a

work created during that period or culture;

(iii) a work for a particular origin source if the lot is

described in the Heading as being of that origin or

source; or

(iv) in the case of gems, a work which is made of

a particular material, if the lot is described in the

Heading as being made of that material.

authenticity warranty: the guarantee we give in this

agreement that a lot is authentic as set out in section

E2 of this agreement.

buyer’s premium: the charge the buyer pays us along

with the hammer price.

catalogue description: the description of a lot in

the catalogue for the auction, as amended by any

saleroom notice.

Christie’s Group: Christie’s International Plc, its

subsidiaries and other companies within its corporate

group.

condition: the physical condition of a lot.

due date: has the meaning given to it in paragraph

F1(a).

estimate: the price range included in the catalogue

or any saleroom notice within which we believe a

lot may sell. Low estimate means the lower figure in

the range and high estimate means the higher figure.

The mid estimate is the midpoint between the two.

hammer price: the amount of the highest bid the

auctioneer accepts for the sale of a lot.

Heading: has the meaning given to it in paragraph

E2.

lot: an item to be offered at auction (or two or more

items to be offered at auction as a group).

other damages: any special, consequential, incidental

or indirect damages of any kind or any damages

which fall within the meaning of ‘special’, ‘incidental’

or ‘consequential’ under local law.

purchase price: has the meaning given to it in

paragraph F1(a).

provenance: the ownership history of a lot.

qualified: has the meaning given to it in paragraph

E2 and Qualified Headings means the section headed

Qualified Headings on the page of the catalogue

headed ‘Important Notices and Explanation of

Cataloguing Practice’.

reserve: the confidential amount below which we

will not sell a lot.

saleroom notice: a written notice posted next to the

lot in the saleroom and on www.christies.com, which

is also read to prospective telephone bidders and

notified to clients who have left commission bids, or

an announcement made by the auctioneer either at

the beginning of the sale, or before a particular lot

is auctioned.

UPPER CASE type: means having all capital letters.

warranty: a statement or representation in which the

person making it guarantees that the facts set out in

it are correct. 

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STORAGE AND COLLECTION