TENTATION°1

TERMS OF SALE

Payment shall be made in full in euros. In addition to the hammer price

per lot and digressive selling fees, buyers shall be required to pay the

following taxes and charges:

• 25% tax-free of the hammer price up to and including € 150 000

• 20.50% tax-free of any amount in excess of € 150 000 up to and

including € 500 000

• 17% tax-free of any amount in excess of € 500 000

The auction will follow the order of the catalogue numbers. The Auction

House and Experts reserve the right, in the interest of sales, to group

together or split the catalogue numbers. The sizes and weight of the

works are provided on an indicative basis.

The lots 2, 7 and 10 are coming from the US or out of EU, therefore

the buyer’s premium indicated above will possibly be increased with

importation fees of 5,5% without VAT, with the current VAT.

CONDITION OF THE OBJECTS

We have provided information on the condition of the objects in

accordance with our means. Goods are sold in the condition they

are found at the time of sale. The condition of the items noted in the

catalogue is on a strictly indicative basis. In cases where there is no note

in the catalogue, this in no way implies that the lot is in perfect condition

or does not need to be restored, have wear and tear, cracks, require relining

or contain other imperfections. As an opportunity is afforded to

examine the items described in the catalogue in the form of an exhibition,

no claims will be accepted with respect to the condition thereof, once

the auction has been completed and the item handed over. Re-Lining,

cradling, and lining are considered to be a conservation measure,

not a defect. On request, a report on the condition of the item can be

provided for lots whose value is estimated at above €1000. Estimations

are provided on a purely indicative basis. The information on the source/

origin of the item is provided by the seller and Giquello et Associés SARL

may not be held liable for this.

BIDDING

All bidders who wish to make an offer or bid by telephone may send a

request, by post, email or fax to Giquello et Associés SARL, along with

their bank details. The telephone auctions are a free service provided

to customers who are not in a position to attend. Giquello et Associés

SARL and its staff cannot be held liable in the event of a problem with

the telephone connection. When two bids are identical, priority is given

to the first bid received. In the event of auction, the price to be paid is the

auction price, plus fees, in accordance with the applicable conditions at

the time of sale.

ONLINE AUCTIONS

A facility for online auctions is provided. Auctions are carried out on the

www.drouotlive.com website, a technical platform for remote participation

in public auctions taking place in the auction rooms. Auctions press is the

partner company for users of Drouot Live. Users wishing to participate in

online auctions via the Drouot Live platform must familiarize themselves,

and accept, without reservation, the conditions of use of this platform

(available at www.drouotlive.com), which are independent and additional

to the present terms and conditions of sale.

PURCHASER

I/The purchaser shall be the highest and last bidder provided that the

auction price is equal to or greater than any reserve. If a reserve price

has been stipulated by the seller, Giquello et Associés SARL reserves the

right to make bids on behalf of the seller until the last auction increment

below that amount, either by making successive bids, or by making bids

in response to other bidders. However, the seller will not be permitted

to make bids either directly or through an agent. The fall of the hammer

marks the end of the auction and the word “sold” or any other equivalent

shall result in the formation of a contract between the seller and the last

accepted bidder. In the event of a dispute at the end of the bidding, i.e. If

it has been established that one or more bidders simultaneously made an

equivalent bid, either aloud, or by making a sign, and claim the item after

“sold” is pronounced, the object will be immediately put to auction again

at the price offered by the bidders and the public will be invited to bid

again. Once sold, the items become the sole responsibility of the buyer.

The buyer should take measures to ensure that the lot is insured as of the

purchase. The buyer may not hold Giquello et Associés SARL, liable in

the event of loss, theft or damage to the lot.

II/VAT-Profit margin scheme- goods not marked by a symbol:

A/All unmarked goods will be sold under the profit margin scheme and

the auction price will not be increased by VAT. The purchase commission

will be increased by a VAT equivalent amount (20 % except for books

at 5.5%) included in the margin. This VAT forms part of the purchase

commission and will not be mentioned separately in our documents.

III/Lots from outside the EU under the temporary admission scheme:

(marked by a Ɵ in the catalogue and/or stated at the beginning of the

sale process). To the commissions and taxes indicated above at the

beginning of the sale conditions, additional costs of 5.5 % pre-tax should

be added to the auction price or 20 % pre-tax for jewels and watches,

wines and spirits, multiples and automobiles, additional costs increased

by VAT currently 20% (5.5% for books).

IV /Reimbursement conditions for the additional costs and VAT (cf: 7th

VAT Directive applicable on 01.01.1995)

A/ If the lot is exported to a non-member state of the EU, the additional

costs and VAT on the commissions and on the additional costs may be

reimbursed to the buyer non-resident of the EU on presentation of proof

of export outside the EU providing the buyer has sent to SARL Giquello

et Associés copy n°3 of the customs export form and that this export

took place within two months as from the auction date (beyond this

deadline, no reimbursement will be possible). Giquello et Associés SARL

should be shown as the sender of the said customs document.

B/ If the lot is delivered in a member state of the EU, the VAT on the

commissions and on the additional costs may be reimbursed to an

EU buyer who proves having an Intracommunity VAT number and a

document proving delivery in their member state subject to providing

proof of transport from France to another member state, within one

month as from the sale date (beyond this deadline, no reimbursement

will be possible).

PAYMENT

The buyer is required to pay in full and provide their name and address.

In accordance with TRACFIN rules, payment may not be made by a third

party. In the event of payment by non-certified cheque, the delivery of

the items may be postponed until the cheque has been processed. A

number of weeks may be required. The buyers may not take delivery of

their purchases until payment has been received by the bank. Cheques

from foreign banks will only be authorised after prior agreement by the

Auction House. To that end, buyers are encouraged to obtain, before the

auction, a letter of credit from their bank for an approximate value of

the amount they intend to spend, to be provided to the Auction House.

Payment in cash in accordance with Decree n°2010-662 of 16 June

2010 pursuant to Article L. 112-6 of the Monetary and Financial Code

on the prohibition on payment in cash for certain debts. For exports

outside the EU, reimbursement of VAT may only be obtained after

obtaining proof that the item has been exported within 2 months of

the sale. Reimbursement will be made in the name of the buyer. (cf:

7th VAT Directive applicable as of 01.01.1995). Buyer slips are payable

at the reception. Failing payment within 30 days, Giquello et Associés

SARL may require as of right and without any prior notice, the payment

of compensation of € 40 for recovery costs (Art L 441-3 and Art L 441-6

of the Commercial Code).

FAILURE TO MAKE PAYMENT

In accordance with the provisions of Article L. 321-14 of the Commercial

Code, should the buyer fail to make the payment, after notice has

remained without effect, the item will be placed for sale on the request of

the seller for false bidding; if the seller does not formulate a request within

one month of the auction, they give us all rights to act in their name and

on their behalf, as we choose, to pursue the buyer for cancellation of the

sale three months after the sale, or to pursue execution of the payment of

the said sale, in both cases claiming all damages and interest, fees and

other sums we deem to be desirable.

CULTURAL ITEMS

The French State has a pre-emptive right to purchase art works or

private documents offered for sale to the public. The exercise of this

right applies just after the hammer falls, and the State representative

notifies their intention to acquire the item and to substitute itself for the

highest bidder, and must confirm the acquisition within 15 days. Giquello

et Associés will not accept liability with respect to the conditions of preemptive

acquisition by the French State. Export of certain cultural goods

is subject to the acquisition of a certificate of free circulation for cultural

goods. Under no circumstances may the time required to obtain the

certificate be invoked to justify late payment. Under no circumstances

may Giquello et Associés SARL and/or the Seller be held liable should

the authorities refuse to deliver the said certificate.

COLLECTION AND DISPATCH

OF PURCHASES

Unless agreed in advance with the buyer, large objects and furniture should

be collected from storage at Hôtel Drouot. Other lots should be collected

within 15 days from OVV Giquello et Associés. Once the deadline has

passed, storage will be invoiced at 2€ minimum per working day. Drouot

storage: Any item/lot that remains in the room the day after the sale at

10am, which has not been removed by the Auction House, will be placed

in storage at Hôtel Drouot. Access via 6bis rue Rossini - 75009 Paris.

Open from Monday to Saturday from 1.30 pm to 6pm. The Storage facility

must be paid for by the buyer. The prices on february 2023 are as follow:

Administrative fee per lot: 5€/ 10€ / 15€ / 20€ / 25€ incl. VAT, limited to

100€ incl. VAT. Storage fees and insurance: 1€/ 5€ / 10€ / 15€ / 20€ incl.

VAT/day, as of the 3th working day, depending on the size of the lot. A 50%

discount on storage is granted to foreign clients. After one calendar year,

the lots will be stored outside the Hôtel Drouot warehouse. OVV Giquello et

Associés may not be held liable for storage of the items in the Hotel on any

grounds whatsoever.