Important Information
IMPRESSIONIST AND MODERN ART
WORKS ON PAPER AND DAY SALE
WEDNESDAY 28 FEBRUARY 2018
AUCTION
Wednesday 28 February 2018
at 10.00 am (lots 201-359) and at 2.00 pm (lots 401-627)
8 King Street, St. James’s
London SW1Y 6QT
VIEWING
Tuesday 20 February 10.00 am - 4.30 pm
Wednesday 21 February 9.00 am - 4.30 pm
Thursday 22 February 9.00 am - 4.30 pm
Friday 23 February 9.00 am - 4.30 pm
Saturday 24 February 12.00 pm - 5.00 pm
Sunday 25 February 12.00 pm - 5.00 pm
Monday 26 February 9.00 am - 8.00 pm
Tuesday 27 February 9.00 am - 3.00 pm
AUCTIONEERS
Andreas Rumbler, Georgina Hilton, Adrien Meyer,
William Porter & Nicolas Orchard
AUCTION CODE AND NUMBER
In sending absentee bids or
making enquiries, these sales
should be referred to as
CLAUDIA-15471
(Lots 201-359) and
KATIA-15472
(Lots 401-627)
CONDITIONS OF SALE
This auction is subject to
Important Notices, Conditions of
Sale and to reserves.
ABSENTEE AND
TELEPHONE BIDS
Tel: +44 (0)20 7389 2658
Fax: +44 (0)20 7930 8870
AUCTION RESULTS
UK: +44 (0)20 7839 9060
christies.com
CATALOGUES ONLINE
Lotfinder®
Internet: christies.com
PROPERTIES FROM
FORMERLY IN THE COLLECTION OF
KARL JULIUS ANSELMINO
BELMONT HOUSE, SUSSEX
FORMERLY IN THE RAYMONE AND
BLAISE CENDRARS COLLECTION
ATELIER DEGAS
THE EPPLER FAMILY COLLECTION
THE ESTATE OF THE LATE
JAMES O. FAIRFAX AC
THE ESTATE OF EILEEN JOSTEN LOWE
FORMERLY IN THE JONAS NETTER
COLLECTION
THE COLLECTION OF EVELYN AND
JEROME OREMLAND
THE ORTIZ-PATIÑO COLLECTION
THE COLLECTION OF WILHELM REINOLD
THE HEIRS OF MAX AND MARGARETHE
RUDENBERG
THE COLLECTION OF ANTONI TAPIES
THE TRITON COLLECTION FOUNDATION
POST-SALE SERVICES
Florencia Moscova
(Works on Paper Sale)
Toby Weatherall
(Day Sale)
Post-Sale Coordinators
Payment, Shipping and Collection
Tel: +44 (0)20 7752 3200
Fax: +44 (0)20 7752 3300
Email: PostSaleUK@christies.com
Browse this auction and view
real-time results on your iPhone,
iPod Touch, iPad and Android
COPYRIGHT NOTICE
No part of this catalogue may be reproduced, stored in
a retrieval system or transmitted by any form or by any
means, electronic, mechanical, photocopying, recording or
otherwise, without the prior written permission of Christie’s.
© COPYRIGHT, CHRISTIE, MANSON & WOODS LTD. (2018)
These auctions feature
Bid live in Christie’s salerooms worldwide
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IMPRESSIONIST AND MODERN ART
AMERICAS
Cyanne Chutkow
Deputy Chairman
Sarah El-Tamer
Associate Specialist
Max Carter
Head of Department
Jessica Fertig
Head of Evening Sale
Vanessa Fusco
Head of Works on Paper
and Day Sale
Conor Jordan
Deputy Chairman
Sharon Kim
International Director
David Kleiweg de Zwaan
Specialist
Jennie Sirignano
Junior Specialist
Vanessa Prill
Cataloguer
Morgan Schoonhoven
Specialist, West Coast
Adrien Meyer
Co-Chairman
Allegra Bettini
Head of Online Sales
EUROPE & ASIA
Mariolina Bassetti
Chairman
Italy
Chie Banta
General Manager
Japan
Lea Bloch
Junior Specialist
Paris
Tan Bo
Director
Beijing
Tudor Davies
Head of Department
Paris
María García Yelo
Business Development
Madrid
Roni Gilat-Baharaff
Managing Director
Tel Aviv
Anika Guntrum
International Director
Paris
Valerie Hess
Specialist
Paris
Elaine Holt
Senior Director
Hong Kong
Jetske Homan van der Heide
Chairman
Amsterdam
Hans Peter Keller
Head of Department
Zurich
Renato Pennisi
Specialist
Rome
Andreas Rumbler
Chairman
Switzerland
Carmen Schjaer
Director
Barcelona
Nadja Scribante
Head of Department
Geneva
Thibault Stockmann
Specialist
Paris
Adele Zahn
Business Development
Manager
Zurich
IMPRESSIONIST AND MODERN ART
LONDON
Giovanna Bertazzoni
Co-Chairman
Christopher Burge
Honorary Chairman
Olivier Camu
Deputy Chairman
Veronica Scarpati
Junior Specialist
Jason Carey
Head of Department
Micol Flocchini
Junior Specialist
Keith Gill
Head of Evening Sale
Ishbel Gray
Junior Specialist
Imogen Kerr
Specialist
Antoine Lebouteiller
Specialist
Ottavia Marchitelli
Head of Works on Paper Sale
John Lumley
Honorary Chairman
Michelle McMullan
Head of Day Sale
Alice Murray
Head of Online Sales
Andre Zlattinger
International Director
Annie Wallington
Associate Specialist
Jay Vincze
Senior International Director
Anna Povejsilova
Associate Specialist
Jussi Pylkkänen
Global President
SPECIALIST HEAD OF
WORKS ON PAPER SALE
Ottavia Marchitelli
Tel: +44 (0)20 7389 2980
omarchitelli@christies.com
SPECIALIST HEAD OF
DAY SALE
Michelle McMullan
Tel: +44 (0)20 7389 2137
mmcmullan@christies.com
WORKS ON PAPER
SALE COORDINATOR
Hannah Vernon
Tel: +44 (0)20 7389 2674
hvernon@christies.com
DAY SALE COORDINATOR
Robert Gibbon
Tel: +44 (0)20 7104 5783
rgibbon@christies.com
SPECIALISTS
Imogen Kerr
(Works on Paper and Day Sales)
Tel: +44 (0)20 7752 3177
ikerr@christies.com
Antoine Lebouteiller
(Works on Paper and Day Sales)
Tel: +44 (0)20 7389 2515
alebouteiller@christies.com
ASSOCIATE SPECIALISTS
Anna Povejsilova
(Works on Paper Sale)
Tel: +44 (0)20 7389 2722
apovejsilova@christies.com
Annie Wallington
(Day Sale)
Tel: +44 (0)20 7389 2638
awallington@christies.com
For general enquiries about these
auctions, emails should be addressed
to the Sale Coordinator(s).
EUROPEAN MANAGING DIRECTOR
Tara Rastrick
+44 (0)20 7389 2193
trastrick@christies.com
BUSINESS MANAGER
Aoife Leach
+44 207 389 2109
aleach@christies.com
RESEARCH
Robert Brown
Annabel Matterson
Jennifer Duignam
Jeanne Rigal
Emily Iin
Claudia Fransen
Katia Geagea
Yoav Kestenbaum
Léa Bloch
John Steinert
Mélanie Blotin
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 international
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 or clock
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 and clocks 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 or clock is in good working order.
Certificates are not available unless described in the catalogue.
(c) Most watches have been opened to find out the type and quality
of movement. For that reason, watches 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 thirdparties
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
£175,000, 20% on that part of the hammer price over £175,000
and up to and including £3,000,000, and 12.5% of that part of the
hammer price above £3,000,000.
2 TAXES
The successful bidder is responsible for any applicable tax including
any VAT, sales or compensating use tax or equivalent tax wherever
such taxes may 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 on 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 7389 9060 (email: VAT_London@christies.
com, fax: +44 (0)20 3219 6076). Christie’s recommends you obtain
your own independent tax advice.
For lots Christie’s ships to the United States, a state sales or use tax
may be due on the hammer price, buyer’s premium and shipping
costs on the lot, regardless of the nationality or citizenship of the
purchaser. Christie’s is currently required to collect sales tax for lots
it ships to the state of New York. The applicable sales tax rate will be
determined based upon the state, county, or locale to which the lot
will be shipped. Successful bidders claiming an exemption from sales
tax must provide appropriate documentation to Christie’s prior to the
release of the lot. For shipments to those states for which Christie’s is
not required to collect sales tax, a successful bidder may be required to
remit use tax to that state’s taxing authorities. Christie’s recommends
you obtain your own independent tax advice with further questions.
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. You
may make payment via credit card in person. You may also make a
‘cardholder not present’ (CNP) payment by calling Christie’s Post-Sale
Services Department on +44 (0)20 7752 3200 or for some sales, by
logging into your MyChristie’s account by going to: www.christies.
com/mychristies. Details of the conditions and restrictions applicable
to credit card payments are available from our Post-Sale Services
Department, whose details are set out in paragraph (e) below.
If you pay for your purchase using a credit card issued outside the
region of the sale, depending on the type of credit card and account
you hold, the payment may incur a cross-border transaction fee. If you
think this may apply to, you, please check with your credit card issuer
before making the payment.
Please note that for sales that permit online payment, certain
transactions will be ineligible for credit card payment.
(iii) Cash
We accept cash subject to a maximum of £5,000 per buyer per year
at our Cashier’s Department 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, lot number(s), your invoice
number and Christie’s client account 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 Post-Sale Service
Department by phone on +44 (0)20 7752 3200 or fax on +44 (0)20
752 3300.
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 part-payment 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 Post-Sale Services Department on +44
(0)20 7752 3200.
(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. 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 any lot you purchase..
(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, rhino ceros 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
£39,219 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
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 ψ 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) We do not 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.
VAT SYMBOLS AND EXPLANATION
Symbol
No
Symbol
We will use the VAT Margin Scheme. No VAT will be charged on the hammer price.
VAT at 20% will be added to the buyer’s premium but will not be shown separately on our invoice.
†
θ
We will invoice under standard VAT rules and VAT will be charged at 20% on both the hammer price and buyer’s premium and shown separately on our invoice.
For qualifying books only, no VAT is payable on the hammer price or the buyer’s premium.
* These lots have been imported from outside the EU for sale and placed under the Temporary Admission regime.
Import VAT is payable at 5% on the hammer price. VAT at 20% will be added to the buyer’s premium but will not be shown separately on our invoice.
Ω
These lots have been imported from outside the EU for sale and placed under the Temporary Admission regime.
Customs Duty as applicable will be added to the hammer price and Import VAT at 20% will be charged on the Duty Inclusive hammer price.
VAT at 20% will be added to the buyer’s premium but will not be shown separately on our invoice.
α
The VAT treatment will depend on whether you have registered to bid with an EU or non-EU address:
• If you register to bid with an address within the EU you will be invoiced under the VAT Margin Scheme (see No Symbol above).
• If you register to bid with an address outside of the EU you will be invoiced under standard VAT rules (see † symbol above)
à
For wine offered ‘in bond’ only. If you choose to buy the wine in bond no Excise Duty or Clearance VAT will be charged on the hammer.
If you choose to buy the wine out of bond Excise Duty as applicable will be added to the hammer price and Clearance VAT at 20% will be charged on the
Duty inclusive hammer price. Whether you buy the wine in bond or out of bond, 20% VAT will be added to the buyer’s premium and shown on the invoice.
You can find a glossary explaining the meanings of words coloured in bold on this page at the end of the section of the catalogue headed ÔConditions of Sale’ VAT payable
VAT refunds: what can I reclaim?
If you are:
A non VAT registered
UK or EU buyer
No VAT refund is possible
UK VAT registered
buyer
No symbol
and α
The VAT amount in the buyer’s premium cannot be refunded.
However, on request we can re-invoice you outside of the VAT Margin Scheme under normal UK VAT rules (as if the lot had
been sold with a † symbol). Subject to HMRC’s rules, you can then reclaim the VAT charged through your own VAT return.
*
and Ω
Subject to HMRC’s rules, you can reclaim the Import VAT charged on the hammer price through your own VAT return when you are
in receipt of a C79 form issued by HMRC. The VAT amount in the buyer’s premium is invoiced under Margin Scheme rules so cannot
normally be claimed back. However, if you request to be re-invoiced outside of the Margin Scheme under standard VAT rules (as if the
lot had been sold with a † symbol) then, subject to HMRC’s rules, you can reclaim the VAT charged through your own VAT return.
EU VAT registered
buyer
No Symbol
and α
The VAT amount in the buyer’s premium cannot be refunded. However, on request we can re-invoice you outside of the VAT Margin
Scheme under normal UK VAT rules (as if the lot had been sold with a † symbol).
See below for the rules that would then apply.
†
If you provide us with your EU VAT number we will not charge VAT on the buyer’s premium. We will also refund the VAT on the
hammer price if you ship the lot from the UK and provide us with proof of shipping, within three months of collection.
* and Ω
The VAT amount on the hammer and in the buyer’s premium cannot be refunded.
However, on request we can re-invoice you outside of the VAT Margin Scheme under normal UK VAT rules
(as if the lot had been sold with a † symbol).
See above for the rules that would then apply.
Non EU buyer If you meet ALL of the conditions in notes 1 to 3 below we will refund the following tax charges:
No Symbol We will refund the VAT amount in the buyer’s premium.
† and α
We will refund the VAT charged on the hammer price. VAT on the buyer’s premium can only be refunded if you are an overseas business.
The VAT amount in the buyer’s premium cannot be refunded to non-trade clients.
à (wine only)
No Excise Duty or Clearance VAT will be charged on the hammer price providing you export the wine while ‘in bond’ directly outside
the EU using an Excise authorised shipper. VAT on the buyer’s premium can only be refunded if you are an overseas business.
The VAT amount in the buyer’s premium cannot be refunded to non-trade clients.
* and Ω We will refund the Import VAT charged on the hammer price and the VAT amount in the buyer’s premium.
1. We CANNOT offer
refunds of VAT amounts
or Import VAT to buyers
who do not meet all
applicable conditions
in full. If you are unsure
whether you will be
entitled to a refund,
please contact Client
Services at the address
below before you bid.
2. No VAT amounts
or Import VAT will be
refunded where the total
refund is under £100.
3. In order to receive
a refund of VAT
amounts/Import VAT (as
applicable) non-EU buyers
must:
(a) have registered to bid
with an address outside
of the EU; and
(b) provide immediate
proof of correct export
out of the EU within the
required time frames of:
30 days via a ‘controlled
export’ for * and Ω lots.
All other lots must be
exported within three
months of collection.
4. Details of the
documents which you
must provide to us to
show satisfactory proof
of export/shipping are
available from our VAT
team at the address below.
We charge a processing
fee of £35.00 per invoice
to check shipping/export
documents. We will waive
this processing fee if you
appoint Christie’s Shipping
Department to arrange
your export/shipping.
5. If you appoint
Christie’s Art Transport
or one of our authorised
shippers to arrange your
export/shipping we
will issue you with an
export invoice with the
applicable VAT or duties
cancelled as outlined
above. If you later cancel
or change the shipment
in a manner that infringes
the rules outlined above
we will issue a revised
invoice charging you all
applicable taxes/charges.
6. If you ask us to
re-invoice you under
normal UK VAT rules (as
if the lot had been sold
with a † symbol) instead
of under the Margin
Scheme the lot may
become ineligible to be
resold using the Margin
Schemes. Movement
within the EU must be
within 3 months from
the date of sale. You
should take professional
advice if you are unsure
how this may affect you.
7. All reinvoicing
requests must be received
within four years from the
date of sale.
If you have any questions
about VAT refunds
please contact Christie’s
Client Services on info@
christies.com
Tel: +44 (0)20 7389 2886.
Fax: +44 (0)20 7839 1611
SYMBOLS USED IN THIS CATALOGUE
The meaning of words coloured in bold in this section can be found at the end of the section of the catalogue headed ‘Conditions of Sale’.
º
Christie’s has a direct financial interest
in the lot. See Important Notices and
Explanation of Cataloguing Practice.
Δ
Owned by Christie’s or another Christie’s
Group company in whole or part. See
Important Notices and Explanation of
Cataloguing Practice.
♦
Christie’s has a direct financial interest in
the lot and has funded all or part of our
interest with the help of someone else.
See Important Notices and Explanation of
Cataloguing Practice.
λ
Artist’s Resale Right. See Section D3 of
the Conditions of Sale.
•
Lot offered without reserve which will be
sold to the highest bidder regardless of the
pre-sale estimate in the catalogue.
~
Lot incorporates material from
endangered species which could result
in export restrictions. See Section H2(b) of
the Conditions of Sale.
ψ
Lot incorporates material from
endangered species which is shown for
display purposes only and is not for sale.
See Section H2(g) of the Conditions of Sale.
?, *, Ω, α, #, ‡
See VAT Symbols and Explanation.
■
See Storage and Collection Page.
Please note that lots are marked as a convenience to you and we shall not be liable for any errors in, or failure to, mark a lot.
IMPORTANT NOTICESCHRISTIE’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♦.
In most cases, Christie’s compensates the third party in
exchange for accepting this risk. Where the third party
is the successful bidder, the third party’s remuneration
is based on a fixed financing fee. If the third party is not
the successful bidder, the remuneration may either be
based on a fixed fee or an amount calculated against the
final hammer price. The third party may also bid for the
lot above the written bid. Where the third party is the
successful bidder, Christie’s will report the final purchase
price net of the fixed financing fee.
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 risksharing
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.
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.
STORAGE AND COLLECTION
COLLECTION LOCATION AND TERMS
Specifed lots (sold and unsold) marked with a flled
square ( ■ ) not collected from Christie’s by 5.00pm
on the day of the sale will, at our option, be removed
to Christie’s Park Royal. Christie’s will inform you if
the lot has been sent ofsite. Our removal and storage
of the lot is subject to the terms and conditions of
storage which can be found at Christies.com/storage
and our fees for storage are set out in the table
below - these will apply whether the lot remains with
Christie’s or is removed elsewhere.
If the lot is transferred to Christie’s Park Royal, it will
be available for collection from 12 noon on the second
business day following the sale.
Please call Christie’s Client Service 24 hours in
advance to book a collection time at Christie’s Park
Royal. All collections from Christie’s Park Royal will
be by pre-booked appointment only.
Tel: +44 (0)20 7839 9060
Email: cscollectionsuk@christies.com.
If the lot remains at Christie’s it will be available for
collection on any working day 9.00am to 5.00pm. Lots
are not available for collection at weekends
.
PAYMENT OF ANY CHARGES DUE
ALL lots whether sold or unsold will be subject
to storage and administration fees.Please see the
details in the table below. Storage Charges may be
paid in advance or at the time of collection. Lots may
only be released on production of the ‘Collection
Form’ from Christie’s. Lots will not be released until
all outstanding charges are settled.
SHIPPING AND DELIVERY
Christie’s Post-Sale Service can organise local
deliveries or international freight. Please contact
them on +44 (0)20 7752 3200 or PostSaleUK@
christies.com. To ensure that arrangements for
the transport of your lot can be fnalised before the
expiry of any free storage period, please contact
Christie’s Post-Sale Service for a quote as soon as
possible after the sale.
PHYSICAL LOSS & DAMAGE LIABILITYChristie’s will accept liability for physical loss
and damage to sold lots whilst in storage. Christie’s
liability will be limited to the invoice purchase price
including buyers’ premium. Christie’s liability will
continue until the lots are collected by you or an agent
acting for you following payment in full. Christie’s
liability is subject to Christie’s Terms and Conditions
of Liability posted on www.christies.com.