Piasa
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Terms of sale

admin 19 March 2013

ESTIMATES

An estimate in euros of the likely sale price is published after eacH lot. This is provided for indication only. The hammer price may of course be above or below this estimate.

 

CONDITIONS OF SALE

The highest and finaL bidder is deemed to be the purchaser, and must provide his / her name and address. No lot will be transferred to the purchaser before it has been paid for in full.

In the event of payment by cheque or bank transfer, property may be withheld untiL payment has been cleared. Any storage costs that may result are to be paid by the purchaser. In addition to the amount of the winning bid, the following premium per lot is also due:

 

BUYER’S PREMIUM

 In addition to the lot’s hammer price, the buyer must pay the following costs and fees / taxes per lot and on a sliding scale:

 30 % inc. tax, up to €150,000 (25 % +  VAT 20 %) 24 % inc. tax, from €150,001  to €100,000,000 (20 % + VAT 20 %) 14.40 %  inc. tax, above €1,000,000 (12 % + VAT 20 %)

For books:

26,37 % inc. tax, up to €150,000  (25 % + VAT 5.5 %) 21.10 % inc. tax,  from €150,001 to €100,000,000 (20 % + VAT  5.5 %) 12.660 % inc. tax, above €100,000,000  (12 % + VAT 5.5 %) 

For wines:

21.60 inc. tax (18 % + VAT 20 %)

Lots preceded by the symbol  ƒ  are subject to an additionaL premium of 5.50 % + VAT (6.60 % inc. VAT) on the hammer price. Lots preceded by the symbol • are subject to an additional premium of 20 % + VAT on the hammer price. In some instances these additional costs may be reimbursed. For further information, please call our accounts department on +33 1 53 34 10 17.

In the event of a dispute at the falL of the hammer, i.e. if two or more bidders imultaneously make the same bid, either vocally or by sign, and claim title to the lot after the word adjugé has been pronounced, the said lot shalL be immediately reoffered for sale, at the price of the finaL bid, and alL those present may take part in the bidding.

Any changes to the conditions of sale or to the descriptions in the catalogue shall be announced verbally during the sale, and appended to the officiaL sale record (procès-verbal).

 

PAYMENT

1. The sale shalL be conducted in euros. All payments must be effected in the same currency.

2. Payment is due immediately after the sale.

3. Property may be paid for in the following ways:

    – by credit card in the saleroom (VISA or MASTERCARD)

    – by crossed cheque in euros, upon presentation of valid proof of identity

    – by bank transfer in euros:

 

BANK REFERENCES

 HSBC, CENTRE D'AFFAIRES OPÉRA

 3 RUE DES MATHURINS 75009 PARIS

 IBAN

 FR76 3005 6009 1709 1700 3866 868

 BIC (Bank identification code)

 CCFRFRPP

 

4. Wherever payment is made by cheque from a foreign bank account, the purchase will not be delivered untiL Piasa receives the bank agreement.

5. In cash:

 – up to  3 000€ (inc. premium) for FrencH citizens or professionnaL activities

 – up to 15 000€ (inc. premium) for foreign non professionnaL citizens upon presentation of valid proof of identity.

 

PIASA’s Buyers’ Accounts Department is open weekdays 9am–12am & 2pm-6pm.

Tel.: +33 1 53 34 10 17

 

ABSENTEE BIDS

Bidders unable to attend the sale must complete the absentee bid form in this catalogue. PIASA wilL act on behalf of the bidder, in accordance witH the instructions contained in the absentee bid form, and try to purchase the lot(s) at the lowest possible price, in no circumstances exceeding the maximum amount stipulated by the bidder.

Written absentee bids and telephone bidding are services provided for clients.

PIASA and its employees decline responsibility for any errors or omissions that may occur. Should two written bids be identical, the first one shalL take precedence.

 
Phone bids are not accepted for lots estimated less than 300 €