GENERAL TERMS & CONDITIONS
BUYER’S PREMIUM
The buyer will pay to the order of Monaco Legend Motors, in addition
to the hammer price, a buyer’s premium of
Until 1.000.000 € : 28% TTC. (23,33% HT)
Major of 1.000.000 € :15% TTC (12,5 % HT)
The lots marked with a * are liable to the relevant import VAT, which
represents an additional charge of 20%.
CONDITIONS AND INFORMATION FOR BUYERS
The sale is subject to the French legislation and to the terms printed in
this catalogue. It is important to read the following conditions. Useful information
is given on the methods to buy at auction. Our team remains at
your disposal to inform and assist you.
VAT
Non-European buyers may have all VAT invoiced refunded to them, on
the basis of the selling costs only, if they request so in writing to the
accounting department within a delay of 3 months from the date of sale,
and if they provide Monaco Legend Motors with the third sample of the
customs documentation (DAU) stamped by customs. Monaco Legend
Motors must appear as shipper on the export document and the buyer as
the consignee. The exportation has to be done within the legal delays and
a maximum of 3 months of the date of sale.
CITES REGULATIONS
Δ : The documents provided by the study « Monaco Legend Motors » for
the CITES articles of the species listed in the annexes A, B or C of the regulation
CE338/97 are only valid in the EU. All the exits to a third country
shall be subject to an exportation or reexportation permit granted by the
CITES Management Authority. In the buyer’s country of residence. We
advise you to approach the CITES Management Authority of the country
of destination to obtain confirmation of the possibility of importing such
articles. Some countries can prohibit the issuing of the documents according
to their own specific legislation. These actions have to be taken by
the buyer and at their own expense. Contact Monaco Legend Motors for
more information.
BEFORE THE AUCTION
INDICATIVE NATURE OF THE ESTIMATES
The estimates are intended as a guide only. Any bid between the high
and the low pre-sale estimates offers a fair chance of success. lt is always
advisable to consult us nearer the time of sales as estimates can be subject
to revision. The estimates set out in the catalogue do not include the
buyer’s premium.
CONDITION OF THE LOTS
We are at your disposal to provide you a detailed report on the condition
of the lots.
All lots are sold in the condition in which they were offered for sale with
all their imperfections and defects. Dimensions, colors and weight of the
products are provided for information purposes only and are not binding.
No claim can be accepted for minor restoration or small damages. It is
the responsibility of each propective bidder to inspect each lot prior to the
sale and to rely on their own judgement to aquaint with the characteristics
and the potential repairs or restorations. No claim can be considered
once the auction is pronounced.
(Watches and Jewels)
- Restored or repainted dials regarded as protective measures and not as
vices will not be reported. The conditions of the bracelets and the waterresistency
of the screwed-back watches are not guaranteed, and neither
are the deployment clasps and tang buckles. It is important to note most
of the waterproof watches have been opened to identify the type and
quality of the movement.
- There is no guarantee the watches are still resistent to water and it is
recommended to consult your watchmaker before using the item.
- Dimensions of the watches are provided for information purposes only.
- Absence of any indication of the existence of restoration work or of an
accident by no means exempt the jewelry from having a defect.
- Precious and semi-precious stones may have been subject tp treatments
with the intention to showcase them. (i.e : oil treatment of emeralds,
heat treatment for rubys and sapphires, whitening of pearls).
- These treatments are traditional and accepted by the jewels international
market
- Considering the rise of new treatments, the stones submitted to the
auction with no certificates will be sold without guarantee about the treatment.
- It shall be stated that the origin of the stones and their quality (color and
purity of the diamonds) reflect the opinion of the laboratory issuing the
certificate. No claim will be accepted in case another laboratory gives
another opinion, and will in no way engage the responsibility of the auctioneer
and expert.
- The jewelry advertised in our catalogue as yellow-gold or white- gold
with no hallmark are always in gold 18K, that is 750%° - Gold 14K : 585%°
- Gold 9k : 375%° (Charts)
- Relining, inlay work and varnishing are considered a protective measure
and not a vice, they will not be reported. Dimensions are provided for
information purposes only.
SALE PREVIEW
Pre-auction vewings are open to the public.
Monaco Legend Motors is concerned for your safety while on our premises
and we endeavour to display items safely so far as is reasonably
practicable. Nevertheless, handling an object without the supervision of a
member of Monaco Legend Motors shall be at your sole risk.
THE AUCTIONS
Bids can be executed in person, by telephone or by a third party. Auctions
will be conducted in euros. A currency converter will be operated during
the auction for your convenience, however only the prices in euros will
be valid.
BIDDING IN PERSON
To bid in person in the sale room, you will need to register with Monaco
Legend Motors before the auction begins.
Each bidder shall provide Monaco Legend Motors their bank information
and guarantees before the session. They will then be assigned a bidder
number that will be neccessary to authorize the sale.
Should there be any doubts as to price or buyer, please draw the auctioneer’s
attention to it immediately.
BIDDING WITH A POWER OF ATTORNEY
If you make a bid at auction, you do as principal and you shall assume full
responsibility for your bid, unless it has been previously agreed that you
do so on behalf of an identified third party and you have produced a valid
power of attorney acceptable to us.
ABSENTEE BIDS
If you cannot attend a sale, we would be pleased to execute written and
signed bids on your behalf. This service is free and confidential. Lots
will be bought at the best possible price, respecting the reserves and
other bids. In the event of identical bids, the earliest bid received will take
costs » will not be accepted. Orders shall be made in euro.
A bidding form can be found at the end of this catalogue.
Written orders may be
- sent by e-mail at : info@monacolegendmotors.com
- hand delivered to staff on the premises
You may also bid by telephone, however bids must be confirmed before
the auction in writing. In order to guarantee satisfaction to the bidders,
written bids must be received at least 24 hours before the auction.
BIDDING BY TELEPHONE
If you cannot attend the auction, it is possible to bid on the telephone. As
the number of telephone lines is limited, it is necessary to make arrangements
for this service 24 hours before the sale.
We also suggest that you leave a covering bid which we can execute on
your behalf in the event we are unable to reach you by telephone.
THE AUCTION
CONDITIONS OF SALE
As indicated above, the auction is governed by the conditions printed in
this catalogue. Anyone considering bidding in the auction should read
them carefully. They may be amended by way of notices posted in the
salesroom or by way of announcement made by the auctioneer.
ACCESS TO THE LOTS DURING THE SALE
For security reasons, prospective bidders will not be able to view the lots
whilst the auction is taking place.
AUCTIONING
The sale will follow the order of the catalogue. The auctioneer may commence
and advance the bidding at levels he considers appropriate. The
auctioneer is entitled to place consecutive and responsive bids for and on
behalf of the vendor until the reserve price is achieved.
AFTER THE AUCTION
RESULTS OF THE SALE
If you would like to know the result of your absentee bids, please contact:
Monaco Legend Motors : +377 97 775 335
www.monacolegendmotors.com
PAYMENT
Payment is due immediatly after the sale.
Payment may be made by the following methods :
- cash in euros
- credit cards VISA or MASTERCARD
- bank transfers to Monaco Legend Motors
COLLECTION OF PURCHASES
Purchases can only be collected after payment. All lots can be collected
during or after the session upon presentation of written consent from the
Accounting Department of Monaco Legend Motors. We recommend the
buyers to take delivery of their lots after the sale.
EXPORT OF CULTURAL OBJECTS
Certificates of exportation may be required for a category of lots and,
in some cases, a customs authorization may be requested. The French
State has the option of granting or not an exportation certificate in the
case the lot ranks as national treasure. Monaco Legend Motors assumes
no responsibility in the case the export licence is denied. Are set out below
a selection of the categories of works of art, together with the value
thresholds above which a certificate for a cultural object may be required
so that the lot can leave the French territory :
- Furniture and objects, carpets, tapestries, clocks of more than 50 years
of age : 50 000€
- Books of more than 100 years of age : 50 000€
- Prints, engraving, original serigraphs and lithographs and original posters
of more than 50 years of age : 15 000€
- Incunabula and manuscripts, including maps and scores : 1500€
- Archives of more than 50 years of age
PREEMPTION RIGHT
The French state is entitled to use a preemption right on any works of art
presented at the auction, by order of the Minister in charge of culture after
the hammer stroke. The State shall have a period of 15 days from the
date of the sale to confirm its preemption right.
In case of confirmation, the French state shall be subrogated in the
