If the Buyer of a Lot(s) resides in the United States, in an effort to ensure all titles are free and clear of liens or encumbrances, RMS manages the process of title reassignment on behalf of the Buyer. (a) Sotheby’s shall refund the Purchase Price to the Buyer in circumstances where it deems that the Lot is a Counterfeit and each of the conditions of the Authenticity Guarantee has been satisfied. Governing Law These Conditions of Business and all aspects of all matters, transactions or disputes to which they relate or apply (including any online bids in the sale to which these Conditions apply) shall be governed by and interpreted in accordance with English law. Other damages reasonably related to the Bidder’s non-payment.13. Record-Breaking ‘Rembrandt to Richter’ Sale Shows Art Market Remains Strong. RMS may provide auction services including clerks, support staff, event advertising, and promotion. Consumer Protection Rights. 6.1. (h) If you fail to pay us the total amounts due for the purchased Lot(s) in accordance with Condition 7(b) above in full by the Due Date, Sotheby’s will be entitled to exercise any of the remedies identified at Condition 8 below. By bidding online, you accept and agree that bids submitted in this way are final and that you may not be permitted to amend or retract your bid. In the event such resale is for less than the Purchase Price and Buyer's Expenses for that Lot, the Buyer will remain liable for the shortfall together with all costs incurred in such resale; (i) commence legal proceedings to recover the Purchase Price and Buyer's Expenses for that Lot, together with interest and the costs of such proceedings on a full indemnity basis; or. Alternatively, the EU/UK Consumer may use the model cancellation form set out below. Concepts, Split Window: Scaglione’s Aerodynamic Influence on the Automotive Industry. Explore {{searchView.params.phrase}} by color family {{familyColorButtonText(colorFamily.name)}} There is an Irrevocable Bid on the Lot(s) provided by a third party (“Irrevocable Bidder”). concepts, the Impressionist & Modern Art Evening Sale was led by a prime example of Alberto Giacometti’s towering female sculptures: Femme Leoni from 1947, which brought $25.9 million after 5-minute bidding battle between Hong Kong and New York. 6. RMS is not obligated to release the Lot(s) to the winning Bidder until the Buyer has met all of the Contractual Obligations and paid the Purchase Price plus applicable taxes.12. Purchased Lots are at the Buyer's risk (and therefore their sole responsibility for insurance) from the earliest of i) collection or ii) the thirty-first calendar day after the auction. If you wish to ask any questions regarding the use of your personal information, to request a full accounting of what personal information is on file with RMS, or to unsubscribe to any services or purge your personal information from RMS’ systems, please email privacy@rmsothebys.com.23. Scegli tra immagini premium su Sothebys Impressionist Evening Sale … Last evening’s Contemporary Art Evening Auction was a perfectly executed example of cross category collaboration by the market leaders in both cars and fine arts and served as further evidence of RM Sotheby’s expertise and leadership in the market for bringing important automobiles to auction.”. Exclusions and limitations of liability to Buyers. The Bidder is responsible for any and all due diligence including but not limited to inspections and verification of the (i) condition, (ii) authenticity, (iii) completeness, (iv) statements made in reference to, and (v) any and all other matters regarding any Lot(s) offered in an RMS sale (“Bidder Due Diligence”). If these laws apply to a Lot, the Buyer must pay Sotheby’s an additional amount equal to the ARR (unless the local law requires payment to be made by the Seller). If we arranged for the Lot to be delivered we estimate that the cost of returning the Lot by the same means is likely to be similar to the cost of delivery but it is not possible for us to be more accurate as to this cost due to the many variables involved in our worldwide business model and the means by which a return might be made. The $284.5 million post-war and contemporary art sale had a stellar 95.8 percent sell-through rate by lot, compared to just 71 percent at the Imp/mod sale, and it was preceded by a white-glove sale of 26 lots from the collection of Morton … The third party providing the Irrevocable Bid may benefit financially if the guaranteed Lot(s) is sold successfully. Personally tailored emails from RM Sotheby's are just a few clicks away. (c) If the EU/UK Consumer cancels the sales contract within the Studio Sale Cancellation Period, Sotheby’s will reimburse (without undue delay and in any event within fourteen (14) calendar days after receipt of the returned Lot from the EU/UK Consumer within the time frame specified in Condition 8(a)(ii) payments received by Sotheby’s from the EU/UK Consumer (including the Purchase Price and, where the EU/UK Consumer has utilised Sotheby’s shipping services for the delivery of the Lot, the costs of any standard Shipping Services within the EU/UK). Enter the email address associated with your rmsothebys.com account. concepts, the Impressionist & Modern Art Evening Sale was led by a prime example of Alberto Giacometti's towering female sculptures: Femme Leoni from 1947, which brought $25.9 million after 5-minute bidding battle between Hong Kong and New York. Regarded by many as the seminal vehicle designs of the 20th century, the B.A.T. User Any estimate may not be relied on as a prediction of the selling price or value of the Lot and may be revised from time to time in Sotheby's absolute discretion. Payment is due in full on or before 5:00 p.m. EST of the next business day (“Payment Deadline”), and payment is to be made to RMS. (i) The Buyer is obliged to arrange collection of purchased Lot(s) no later than thirty (30) calendar days after the date of the auction. ADDITIONAL TERMS AND CONDITIONS FOR ONLINE BIDDING. Sotheby’s introduced its contemporary art evening sale in 2017 in Hong Kong, split 50/50 between Western and Asian contemporary art. RM Sotheby’s celebrated a historic evening with the sale of the renowned trio of Alfa Romeo Berlina Aerodinamica Tecnica concept cars, B.A.T. Sotheby's will take reasonable steps to notify the Buyer prior to releasing such details to the Seller. (a) Unless otherwise specified, all Lots are offered subject to a Reserve, which shall be no higher than the low presale estimate at the time of the auction. Except as otherwise expressly provided herein, these Conditions of Business shall not be modified, except in writing. 25.1. You may nevertheless lower your maximum bid prior to the Studio Sale by contacting Sotheby’s, except that you may not lower it to a level lower than the current leading bid. 4. The completely digital initiative highlighted the departure from the conventional means of print promotion and utilized an entirely digital format that reflected the best in class leading auction presentation. Evening Sale at Sotheby’s Brings in $284 M., Ghana Appoints New Museum Committee, and More: Morning Links from October 29, 2020 Please note that Sotheby’s is unable to provide tax advice to buyers and recommends that buyers obtain their own independent tax advice. If the Consignor is a Business (defined below) AND the Buyer is a consumer AND the consumer has a right of withdrawal against the Consignor on the basis of EU consumer protection laws, the Buyer has the automatic statutory right for 14 calendar days after the Close of Lot (drop of hammer) to rescind the sale of the Lot(s). The Consignor of the Lot(s) has been guaranteed a minimum price for this Lot(s). "Overhead Premium" is the allocation of Sotheby’s overhead costs relating to Sotheby’s facilities, property handling and other administrative expenses that is payable by the Buyer on the Hammer Price at the rates set out in the guide to Buying at Auction in the sale catalogue, plus any applicable VAT or amount in lieu of VAT; "Purchase Price" is the Hammer Price and applicable Buyer's Premium, Overhead Premium, ARR and VAT; "Reserve" is the (confidential) minimum Hammer Price at which the Seller has agreed to sell a Lot; "Seller" is the person offering a Lot for sale (including their agent (other than Sotheby's), executors or personal representatives); "Sotheby's" means Sotheby's, the unlimited company which has its registered office at 34-35 New Bond Street, London W1A 2AA; "Sotheby's Company" means both Sotheby's in the USA and any of its subsidiaries (including Sotheby's in London) and Sotheby’s Diamonds SA and its subsidiaries (in each case “subsidiary” having the meaning of Section 1159 of the Companies Act 2006); “Studio Sale Cancellation Period” is the period of fourteen (14) days starting on the day after the EU/UK Consumer (or a person, other than the carrier, identified by the EU/UK Consumer) takes physical possession of the Lot; “Studio Sale Information” is the Lot information including, but not limited to, any pre-sale estimates; any information regarding provenance; the online catalogue description of the Lot; any catalogue available in print or as a PDF on Sotheby’s website in respect of the Studio Sale, any condition report provided by Sotheby’s in relation to the Lot (with any such condition report being deemed to include the online, PDF or printed images of the Lot); any other information relating to the Lot or the conduct of the Studio Sale (including, but not limited to, the Guide to Buying in a Studio Sale); any on-screen notices relating to the Studio Sale or the Lot; any notices shown or given verbally by Sotheby’s auctioneer during the live screening of the Studio Sale; “Trader” is a person who is the Seller of a Lot and is acting for purposes relating to that person’s trade, business, craft or profession; "VAT" is Value Added Tax at the prevailing rate. 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