Conditions of sale
IMPORTANT NOTICE TO BUYERS ON STORAGE & COLLECTION OF PURCHASES
Potential purchasers are invited to examine and assess the condition of items they may wish
to buy before the auction, notably during the pre-sale viewing.
PIASA is happy to provide condition reports for individual lots upon request. No claims
will therefore be entertained after the fall of the hammer.
1. BULKY ITEMS (FURNITURE, PICTURES & OBJECTS) purchased at auction, and not collected
from the saleroom by 10am the day after the sale, will be stored in Basement Level 3 at the Hôtel Drouot, and
can be collected at the following times:
Monday - Friday: 1pm-5.30pm
Saturday: 8am -12 noon
Warehouse: 6 bis, rue Rossini - 75009 Paris - Tél. : 33 (0)1 48 00 20 56
The bordereau (bidding slip), indicating proof of payment, must be presented when property
is collected. Storage costs are due at the current rate.
2. SMALL ITEMS purchased at auction and not
collected after the sale will be transported to the PIASA offices and kept free of charge for a fortnight.
Thereafter the purchaser will be charged storage costs at the rate of € 3 + tax, per day and per lot.
At the fall of the hammer the title of property shall be transferred to the purchaser, who assumes
immediate responsibility for insurance.
Uncollected property will be stored at the buyer's risk and expense.
PIASA declines liability for lots placed in storage.
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 :
27.508 % inc. tax, up to 15 000 € (23 % + VAT 19.6 %)
23.92 % inc. tax, from 15 001 € to 600 000 € (20 % + VAT 19.6 %)
14.352 % inc. tax, above 600 000 € (12 % + VAT 19.6 %)
For books :
24.265 % inc. tax, up to 15 000 € (23 % + VAT 5.5 %)
21.10 % inc. tax, from 15 001 € to 600 000 € (20 % + VAT 5.5 %)
12.660 % inc. tax, above 600 000 € (12 % + VAT 5.5 %)
Lots preceded by the symbol ƒ are subject to an additional premium of 5.5 % + VAT (6.578 % inc. VAT) on the
hammer price. Lots preceded by the symbol are subject
to an additional premium of 19.6 % + VAT (23.44 % inc. VAT) on the hammer price. In some instances these additional costs may be reimbursed.
For further information, please call our accounts department on +33 (0)1 53 34 10 17.
In the event of a dispute at the fall of the hammer, i.e. if two or more bidders simultaneously 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
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).
- 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 :
- 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 :
PIASA's Buyers' Accounts Department is open weekdays 9am - 6pm.
- 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.
(Tél. +33 (0)1 53 34 10 17).
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.
Telephone bids are not accepted for lots estimated less than 300 €.
PIASA ON LINE
If you wish to receive information about our sales, please contact email@example.com, quoting your name, address, telephone number,
and fields of interest.
To print out absentee bid forms and consult our catalogues and auction results, please visit our website: www.piasa.fr