Conditions of Sale

IMPORTANT INFORMATION FOR BIDDERS AND BUYERS
CONDITION OF BUSINESS?

All lots are offered subject to Art Europe Auctions B.V. Conditions of Business which are printed in the catalogue.

BUYERS PREMIUM & VAT?A buyer's premium of 24,2% is applicable to all lots in this sale. The buyer's premium is including VAT (currently 21%). Lots are normally offered for sale under the auctioneer's Margin Scheme.?This means that VAT is charged only over the buyer's premium. Lots which are marked with a VAT Symbol (V) indicate that VAT is payable by the purchaser at the standard rate (21%) on the hammer price as well as being an element in the buyer's premium. Lots which are marked with a double VAT symbol (VV) indicate that the lot has been imported from outside the European Union. VAT charges on these lots always include the hammer price as well as the buyer's premium.

ENDANGERED & PROTECTED SPECIES

?(i) Endangered and protected species Lot incorporates material from endangered species which could result in export restrictions. See the Conditions of Business for buyers (6. Import, export and copyright restrictions).
?(ii) 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.
(iii) Lots containing Ivory or materials resembling ivory. 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) you may be prevented from exporting the lot from the US or shipping it between US States without first confirming its species by way of a rigorous scientific test acceptable to the applicable Fish and Wildlife authorities. You will buy that lot at your own risk and be responsible for any scientific test or other reports required for export from the USA or between US States at your own cost. We will not be obliged to cancel your purchase and refund the purchase price if your lot may not be exported, imported or shipped between US States, 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 interstate shipping, export or import of property containing such protected or regulated material.
GOLD?Gold of less than 18ct does not qualify in all countries as 'gold' and may be refused import into those countries as 'gold'.

ARTIST'S RESALE RIGHT

?Purchase of lots marked with the following symbol R will be subject to payment of the Artist's Resale Right, at a percentage of the hammer price calculated as follows:?Royalty?4.00% up to 50.000?3.00% between 50.000 and 200.000?1.00% between 200.000 and 350.000?0.50% between 350.000 and 500.000?0.25% in excess of 500.000?The Buyer agrees to pay AEA an amount equal?to the resale royalty. Resale royalty applies where the price realized (Hammer and Premium) is 3,000 Euro or more.

BIDDING IN PERSON?

To bid with us you must register to obtain a bid- ding number. Before the auction, ll in the form at the registration desk, provide proof of identity and you will be given a paddle number. All lots sold will be invoiced to the name and address in which the paddle has been registered and may not be transferred to other names and addresses. If you instruct an agent to bid on your behalf you will need to provide a letter of authority and they will also need to provide proof of identity. AEA reserves the right to refuse bids.

ABSENTEE BIDS

?Art Europe Auctions will be pleased to execute bids on behalf of those clients unable to attend the sale in person. All bids must be submitted?in writing in good time and lots will always be purchased as inexpensively as possible (de- pending on any other bids received, reserves & competition in the salesroom). It will be possible to arrange auction room telephone bidding, but subject always to availability. These services are offered free of charge and are subject to our Conditions of Business.

PAYMENT
?
Payment is due in Euro's immediately after the sale and before purchases can be released. Payments in person can be made in the saleroom on the day of the auction in cash, debit Card or Credit Card.?Credit Card?We are pleased to accept all major credit cards. A surcharge will be made to cover the charge made to us by the creditcard company or bank.?Debit Card?We accept Debit Card payments. Their is no charge for payment by Debit Card.?Cash?Cash payments will not be accepted above 10.000 Euro's.?Shortly after your successful bid in the auction you will receive an email with: The Invoice (ham- merprice, buyer's premium and applicable taxes); Payment instructions, property collection notice and shipping information.
Electronic transfers may be sent directly to our bank:?
ABN AMRO Bank?
Leidseplein 29 ?Amsterdam?
The Netherlands
?IBAN: NL31ABNA0453211550?BIC
Number: ABNANL2A?
Account name: Stichting Derdengelden Art Europe Auctions

Payment

Please note that there is an additional 3% charge for payment by credit cards & Paypal.

Shipping Terms

COLLECTIONS AND SHIPPING?

Buyers are urgently requested to pay and collect their paid purchases at the place of sale, Amtrium RAI Amsterdam, Europaplein 22 Amsterdam during the sale or immediately after. Collection is not possible on Tuesday the 24th of may. Purchases not directly collected on the 22nd of may or 23rd of may will be collected by our preferred shippers and stored at their warehouses (see below). As from the 25th of may your purchased lot can be collected at the premises of our preferred Art Shippers. From this moment onwards, their general terms and conditions will apply.

DECORATIVE ARTS & FURNITURE

Neumann & Vettin?
Langs de Werf 18-20?
1185 XT Amstelveen?
T: +31 (0) 20- 6407584?
@: info@neumannenvettin.nl
Open every weekday Opening Hours: 10.00 - 17:00

Neumann & Vettin can arrange delivery for purchased lots.
Please contact them directly at above mentioned phonenumber or emailaddress.

JEWELLERY

For collecting your purchased lot(s) an individual appointment must be made. Please contact our of ce for further information. Storage costs will be charged for purchased lots from the 1st of june 2016.
* Fixed fee for warehousing and administration: €15,00 per lot?* Storagecharges per day: € 1,50 per lot?Above mentioned prices are excluding VAT (21%) and payable in advance by bankwire.