Assume the rights of the Consignor to pursue the Buyer for any amounts paid to the Consignor, whether at law, in equity, or under these Conditions of Business. Olympia London, Kensington, London, United Kingdom. Deduct the Purchase Price plus applicable taxes from the Bidder’s cash deposit and/or charge the Purchase Price and applicable taxes to the credit card that the Bidder has provided. The Bidder acknowledges that the Bidder has had the opportunity to consult an attorney before accepting this agreement and has entered into this agreement after having the opportunity to consult with an attorney of their own choosing. Online Auction is “As Available” and “As Is.” 17.1. Old Master Sculpture and Works of Art - Online Auction. Lot(s) Under Temporary Import:37.1. This document shall be binding upon the parties and their respective heirs, personal representatives, and assigns. First-Ever Online Only London Auction Concludes. The Consignor agrees to indemnify, defend, and hold RMS harmless from any claims that may be made with respect to any Buyer alleged damages or liability, including but not limited to, travel expenses, repair expenses, and inspection expenses in any way related to actions taken in accordance with clause 12. Lot(s) not marked as “no reserve” (or similar) are subject to a reserve set by the Consignor. 6.1. FIRST-EVER ONLINE ONLY LONDON AUCTION CONCLUDES. If the Buyer of a Lot(s) resides in an American state, in an effort to ensure all titles are free and clear of liens or encumbrances, RM manages the process of title reassignment on behalf of the Buyer. Buy/Sell. Learn more! 12.2. In addition to the Hammer Price, the Buyer is required to pay RM a percentage of the Hammer Price, which RM retains as the Buyers’ Premium for the purchase of each Lot(s) (“Buyers’ Premium”).8.2. These are provided for information purposes only and neither RM nor the Consignor provides any representations or warranties in regard to the lot subject to the Inspection Report. Any Inspection Report does not relieve the Buyer of the Lot(s) from his/her/its obligations outlined in clause 4 of these Conditions of Business. If it is found that the alleged written statement (that would not have been reasonably found through the Bidder Due Diligence) materially decreases the value or functionality of the Lot(s), RM will work with the Buyer on behalf of the relevant Consignor to reach a solution.3.2.1. A link to reset your password has been sent to your email address. A further condition of bidding at the auction is that the Bidder holds RM harmless from any and all tax or regulatory issues that arise due to Tax and Ownership Information (defined below) that RM provides.10.1. The Inspection Report does not vary these Conditions of Business that govern bidding and if there are any discrepancies between these Conditions of Business and the Inspection Report, these Conditions of Business shall govern. Translations. 9.1. Occasionally, RMS may own a Lot(s) (and in such circumstances, acts in a principal capacity as the Seller) and/or may have a legal, beneficial, or financial interest in a Lot(s) as a secured creditor or otherwise.2. {{item.StillForSaleAskingPrice}} 6. RM reserves the right to collect/remit sales tax from residents from other jurisdictions if RM deems the collection/remittance of tax necessary.9.2.2. Legal Action. Services include auctions, restoration, appraisals, collection advice, private treaty and estate sales and RM financial services. Removal of Purchased Lot(s). Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to sell the Lot(s) at the auction that necessitate a cancellation; or16.8. The Online Only Auction is scheduled to take place in the month of October 2020 and will follow a timed-auction format. 9. In order to facilitate and transfer the Title for the Lot(s), the Consignor agrees to sign the Power of Attorney attached to the Consignment Agreement package.8.5. 12. Notwithstanding the above, if during RMS’ inspection, RMS (using reasonable commercial judgment) determines that the Lot(s) is unfit for sale due to several issues including, but not limited to, safety, mechanical, body condition, and authenticity, RMS reserves the right to rescind the consignment of the Lot(s) and the Consignor agrees to indemnify and hold RMS harmless from any alleged liabilities arising out of the rescission. Lot’s Batteries: If RMS receives a Lot(s) with a dead battery, or shows signs of a draining battery, RMS will use commercially reasonable effort to install a new battery, and an automatic £200.00 (or the local currency equivalent) replacement fee will be charged to the Consignor. Dez 2020. RM is not responsible for the acts or omissions in our packing or shipping of purchased Lot(s) or of other carriers or packers of purchased Lot(s), whether or not recommended by RM. In cases where pre-existing Titles do not exist and insurance bonds are necessary, the Consignor will be charged Title Fees on a case-by-case basis.8.4. Inspection Report and Fees:5.1. 10 Beds. About Sotheby’s Institute of Art. Sotheby’s was founded in 1774 when Samuel Baker first auctioned off books from the library of Sir John Stanley in London. Material issues regarding the Title, registration, or transfer of Ownership that cannot be reasonably cured;17.6. 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 RM sale (“Bidder Due Diligence”). If the RM Removal Deadline is not met, the Buyer will be charged a daily storage fee of either (i) €25.00 plus VAT per Lot(s) in Europe or (ii) £20.00 plus VAT per Lot(s) in the United Kingdom until the Lot(s) is removed.19.3. RM is not responsible for any errors or omissions in connection with the calling/displaying/accepting of bids.6.13. Occasionally, RM may own a Lot(s) (and, in such circumstances, acts in a principal capacity as the seller) and/or may have a legal, beneficial, or financial interest in a Lot(s) as a secured creditor or otherwise.2. Sotheby's predecessor, Baker and Leigh, was founded in London on 11 March 1744, after Samuel Baker auctioned several hundred valuable books from the library of The Rt Hon Sir John Stanley Bt., of Alderley and became business partners with George Leigh. Old Masters Evening Sale - Online Auction. Nothing in this clause shall affect any Buyer(s) legal rights that shall apply against the Consignor as a result of any applicable laws.38.1. The Consignor warrants that the Consignor is the sole owner of the Lot(s), and that the Consignor has full right and authority to sell the Lot(s) (“Ownership”).8.3. Visit Sothebys.com. Translated Consignors’ Conditions of Business: If there is a contradiction due to translation in our Consignors’ Conditions of Business, please note that the English version of RMS’ Consignors’ Conditions of Business will supersede. 6.10. RM SOTHEBY’S ENTERS VETERAN CAR RUN HISTORY, Driving the Future: Norman Dewis on Developing the E-Type, True Veteran: The Oldest Vintage Car Run in the World, Out-Shadowing the Past: An All-New Allard, Fortune Favors: Formula 1’s Luckiest Driver Puts His Prized Ferrari F40 up for Auction, An American in London: 1928 Chrysler Shows off at London Fall, Exhaust Notes: Quick Takes on Sports Car Highlights for London Fall. Contemporary Art | London - Online Auction. Sotheby’s Institute of Art is The Graduate School of Art and its Markets. You're high bidder Helpful Links. Sothebys London Auction Catalog 10/30/92 Applied Arts From 1880 Constant. The Inspection Report Fee is non-refundable and is not credited toward the Sellers’ Commission. 8.1. All Lot(s) are sold as is, where is, with no representations or warranties, expressed or implied. 10. RMS auctions will have the following Buyers’ Premium:8.2.1. Judgment on the award may be entered in any court having jurisdiction. Should the Consignor decide for the Lot(s) to remain in Europe when purchased, the Buyer is responsible to pay any and all import fees for the Lot(s).38. 18.1.1. The Conditions of Business displayed on RM’s website; and 1.2.3. The auction will be produced by RM Auctions Limited of 40 Queen Anne Street, London, W1G 9EL, England (Company No. In lieu of the cancellation of the 2020 London to Brighton Veteran Car Run, RM looks forward to its 2021 London auction where it will celebrate the second year of a decade sponsorship with the VCR. By agreeing to these Conditions of Business, you are agreeing to be bound by these Conditions of Business for both RMS and RMA auctions. All bids on a Lot(s) will be via RMS’ Online Only Auction.23.2. Once made, no Bidder may retract a bid made during the auction for any reason.6.7. Any collection costs, attorneys’ fees, and court costs incurred to enforce payment; and13.3.4. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to hold the Online Only Auction that necessitate a cancellation.17. If any damage occurs because the Consignor did not properly winterize their Lot(s), it will be the Consignor’s responsibility to cover the damages, and RMS may recoup these damages from the Consignor’s settlement. 5.3.1. Consignors agree that they are making use of the Online Only Auction at their own risk and that the Online Only Auction is being provided to the Consignors on an “AS AVAILABLE” and “AS IS” basis. RMA auctions will have the following Buyers’ Premium:8.3.1. 2.1. Transportation: The Consignor will be responsible for paying any and all expenses associated with transporting the Lot(s) to either RMS’ United Kingdom, Belgium, Germany or Netherlands storage facility. RMS will retain a Sellers’ Commission of 20% plus VAT on all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing.4.2. A link to reset your password has been sent to your email address. Bid, User The Consignor acknowledges that the Consignor has had the opportunity to consult an attorney before signing these Conditions and has signed these Conditions after having the opportunity to consult with an attorney of their own choosing. This site is protected by reCAPTCHA and the Google The Bidders agree to allow RM to use their personal information in accordance with RM’s Privacy Policy. Bidder Due Diligence Responsibilities. The item you've selected was not added to your cart. The definition of Business for these Conditions is a natural person or legal entity in the business of selling automobiles and acting for purposes relating to such business (“Business”).38.2. Packing and handling of purchased Lot(s) are at the entire risk of the Buyer. the applicable Buyers’ Premium (defined below). If the Buyer of a Lot(s) resides outside the United States, RM will use its best efforts to assist with the transfer of ownership; however, it is the responsibility of the Buyer to transfer ownership in compliance with their jurisdictional rules and regulations. For final purchases exceeding £5,000.00, all payments must be in the form of wire transfer unless other arrangements have been approved in advance. Such functionality is subject to delays beyond RM’s control. RMS will retain a Sellers’ Commission of 10% plus VAT on all motor car lots.4.1.2. Drivers: The Consignor acknowledges and grants permission for RMS and its employees and agents to drive or move the Lot(s) from time to time before, during, or after the sale. Courtesy Sotheby’s. If the Buyer of a Lot(s) resides in an American state in which RM is registered to collect/remit sales tax, RM is required to collect/remit sales tax on the purchase of that Lot(s). 19.1. Accordingly, to the extent permitted by applicable law, RM excludes all expressed or implied warranties, terms, and conditions, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement. RM is served with a lawsuit from a third party in relation to the Lot(s);16.4. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures or pursuant to JAMS’ Streamlined Arbitration Rules and Procedures. RMS is served with a lawsuit from a third party in relation to the Lot(s);17.4. RMS uses your personal information to provide services specifically tailored toward your requirements and to treat you in a personal way; to fulfill your agreements regarding the consignment and purchase of items at RMS auctions and private sales; to provide you with information on upcoming sales; to carry out analysis and market research; to undertake targeted online advertising; to send status updates and service communications; to improve our websites, products, and services; to provide payment services; and for management and administrative purposes. Dez 2020. A US$75.00 administration fee (US$85.00 in the State of California) will be assessed per motor car purchased, but this fee will not apply to nostalgia lots. (Clauses 3 to 3.2.1 together are “Twenty-Day Window”)4. Our retail businesses, located in New York and Hong Kong, carry a fine selection of wines, made by only the top producers, in the best vintages, across all price points. 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). If you wish to ask any questions regarding the use of your personal information, request a full accounting of what personal information is on file with RMS, unsubscribe to any services, or purge your personal information from RMS’ systems, please email privacy@rmsothebys.com.33. The Lot(s) cannot be released from RMS’ care until an option is executed.37.4. 18.1. If the Lot(s) is not removed for one calendar year from the RM Removal Deadline and other arrangements have not been made, RM has the right to (i) auction the Lot(s), (ii) retain its standard Buyers’ Premium, Storage Fee, and other applicable expenses, and (iii) return the remaining payment to the Buyer.20. RM opines that the Lot(s) has been intentionally and materially misrepresented by the Consignor;16.2. Licenses: The Online Only Auction will be produced by RM Auctions Limited of 40 Queen Anne Street, London, W1G 9EL, England (Company No. The Consignor agrees to provide RMS with a good, clear, and transferable Title to the Lot(s) in advance of the Online Only Auction.8.3.1. 5.3. The Bidder agrees to provide all information and assistance reasonably requested by RM to comply with RM’s internal Anti-Money Laundering process and to comply with any and all Anti-Money Laundering Laws and Regulations in force in the jurisdiction in which the auction is held.25. If the Consignor does not pay in accordance with this clause, his/her/their Lot(s) may be sold without reserve.27. If the Consignor wishes to sell the Lot(s) but retain the rights to the registration number of the Lot(s), it is the Consignor’s responsibility to notify RMS in writing.36.2. Once you have satisfied the Bidder Registration Requirements, you will be able to place bids against Lot(s) at the auction. 23. If any dispute arises after the sale, RM’s sale record is conclusive. This December, Sotheby’s London presents a series of auctions dedicated to Sculpture and Works of Art. RMS will review concerns raised by the Buyer for 20 business days from the date of the Online Only Auction regarding the Lot(s) description; meaning, any written statements (in any and all mediums) made by RMS that accurately repeat the information supplied by the Consignor as to the originality, character, features, condition, correctness, authenticity, or history of the Lot(s). For any purchases under £5,000.00, the Bidder acknowledges and agrees that his/her credit card against which the CC Hold has been taken will automatically be used as the payment method for the Hammer Price of the Lot(s) and applicable Buyers’ Premium. Services. Cancellation/Rescission of Online Only Auction: RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the Online Only Auction and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable probability of occurring:16.1. 12. Notwithstanding the preceding sentences, if RMS has paid any portion of the purchase price to the Consignor, but the purchase price has not been collected from the Buyer of the Lot(s), the Consignor hereby agrees, simultaneously with such payment, to assign to RMS any and all rights that the Consignor may have against such Buyers to the extent of such payment, whether at law, in equity, or under the Contractual Obligations. Applicable expenses;13.3.3. As Instructed. Please note that the standard Buyers’ Premium may change from time to time at the discretion of RMS if the standard Buyers’ Premium for the Online Only Auction changes. In the event that the Buyer does not pay any portion of the Purchase Price and applicable taxes by the Payment Deadline, the Bidder agrees to and acknowledges that RM has the sole discretion to do any one or any combination of the following:13.1. The Consignor agrees to rely solely upon the Buyer for payment.6.5. THE CONSIGNORS AND RM DISCLAIM ALL WARRANTIES, EXPRESSED OR IMPLIED, AS TO CONDITION, ORIGINALITY, OR AUTHENTICITY; ORIGIN OR PROVENANCE; PREVIOUS USE OR OWNERSHIP; MANUFACTURING OR RESTORATION PROCESSES; YEAR OR AGE; SERIAL NUMBER, MAKE, OR MODEL; OPTIONS AND TOOLS; ENGINE HOURS; AND MILEAGE OF ANY LOT(S) OR COMPONENT OF ANY LOT(S), AND THEY SPECIFICALLY DISCLAIM ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE. 7 Baths. Please send all concerns to legal@rmsothebys.com. Material issues regarding title, registration, or transfer of ownership that cannot be reasonably cured; 16.6. The reserve does not include commissions to RM. Enter the email address associated with your rmsothebys.com account. Auctions are held in Hong Kong, New York, and London. The project lands in Milan following editions in New York and London. As a condition of bidding at the auction, it is the Bidder’s responsibility to satisfy themselves and comply with all applicable tax, duty, or any and all other payments associated with the purchase of a Lot(s) at the auction. (clauses 1.4. to 1.4.4. together “Contractual Obligations”)1.5. RM agrees to act as an agent for the Bidders and provide auction services including but not limited to clerks, support staff, event advertising, and promotion. To clarify, the term “Close of Lot” shall be defined as the time that the time-based auction expires. Services. View all auction details, and browse Sotheby's London lots on artnet. Estimates included online, in pre-mailers, in any advertisements, or elsewhere are preliminary only, and they are subject to revision by RMS from time to time at its sole discretion. When a Lot(s) is sold subject to a reserve, the auctioneer may bid on the Consignor’s behalf in an amount not to exceed the amount of the reserve.15. The Consignor is required to review and approve any and all descriptions within 3 business days of receiving the description from RM.11.3. Reserve prices may be lowered at any time by the Consignor, either verbally or in writing, but they may not be raised. Dec 9, 2020. This site is protected by reCAPTCHA and the Google Exclusivity: The Consignor grants to RMS the exclusive right and authority to advertise and sell the Lot(s) for a period beginning with the date of these Conditions and ending 90 business days following the Online Only Auction.7.1. Privacy Policy and Following the $85 million achieved for a monumental Francis Bacon triptych that led Sotheby’s marquee contemporary auction on June 29, the house has unveiled another masterwork by the British artist coming up for sale in London … The Consignor acknowledges that RMS has incurred and will incur significant costs preparing, advertising, marketing, and promoting the Lot(s) for the Online Only Auction.22.2. RM Sotheby's is the number one classic car and investment quality auction house in the world. Auction Estimates. Introduction:1.1. Buyers’ Premium. The Conditions of Business displayed on RMS’ website; and1.4.4. The full Privacy Policy can be found at the bottom of the RM website homepage under the Privacy & Terms tab. If so, input your company name: You haven't completed the registration, check your email for instructions. Payment. Auction Details 8 lots. Auction Results. User Notwithstanding any references to any transactions or arrangements in this agreement, or any contemporaneous written, oral, or implied understandings of the parties relating to the subject matter of this agreement, RM has not provided legal or tax advice or tax planning services to the Bidder or for the Bidder’s benefit in connection with the transactions contemplated by this agreement, and no one at RM has acted as the Bidder’s attorney or tax advisor. The Bidder is responsible for all risk of loss or damage and insurance immediately upon purchase of the Lot(s).6.12. Although RMS endeavors to provide a safe, secure, and functioning Online Only Auction, RMS cannot guarantee the continuous operation of or access to the Online Only Auction or a Bidder’s ability to connect and navigate the Online Only Auction.23.3. CONSIGNORS’ CONDITIONS OF BUSINESS1. Online Only Auction is “As Available” and “As Is.”: 23.1. Sotheby's London presents Royal and Noble - Online Auction on 1/14/2021 . Courtesy Sotheby’s. The Consignor authorizes RMS, at RMS’ sole discretion, to impose on any Buyer, and retain for RMS’ account, a late charge if payment is not made in accordance with the Contractual Obligations.11. If at the end of the auction, you are awarded the final bid on a Lot, ownership automatically changes hands at the close of the Lot ("Close of Lot”). If the Removal Deadline is not met, the Consignor will be required to pay RMS a daily storage fee of either (i) €25.00 plus VAT per Lot(s) in Europe or (ii) £20.00 plus VAT per Lot(s) in the United Kingdom until full payment and instructions for transport have been received. The Buyer is responsible to pay all applicable, and any and all other taxes due for which the Buyer does not qualify as exempt, subject to RM verification; proof of exemption is the Buyer’s responsibility. Lot(s) Operation:13.1. askART: Art auction results + records, artwork prices, appraisers, signatures and artist biographies. RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission if RM believes the following events have occurred or have a reasonable probability of occurring:16.1. Personally tailored emails from RM Sotheby's are just a few clicks away. European and British Art - Online Auction. Dec 9, 2020. Special payment arrangements can be made for multiple Lot purchases, which the Bidder is welcome to discuss with an RM representative upon completion of the auction.12.5. Bid update and other notification functionality may not occur in real time. To be clear, the standard Buyers’ Premium will be clearly published as part of Bidders’ Conditions of Business in advance of the Online Only Auction, and the applicable Buyers’ Premium will be applied consistently across all lots in the Online Only Auction. Any terrorist event, pandemic, war, as well as any “guideline” or “recommendation” by government (local, state/province, federal/national) and/or accredited health organizations (including the World Health Organization) that, despite reasonable efforts, restricts RMS from holding the Online Only Auction.16.2. Even though the RM Conditions of Business are generally standardized, there are unique jurisdictional requirements and terms that may not apply to every auction, and it is each bidder in the auction (“Bidder(’s)”) responsibility to understand and review these Conditions of Business as they apply. Heathfield House. Any terrorist event, pandemic, war, as well as any “guideline” or “recommendation” by government (local, state/province, federal/national) and/or accredited health organizations (including the World Health Organization) which despite reasonable efforts restricts RM from holding the auction.15.2. ... Sotheby's London, New Bond Street. {{item.Collection}} RMS faces significant reputational damages that would cause monetary damages for selling the Lot(s);17.5. Entire Agreement. Winterizing one or more of the Lot(s) means that the Consignor has completely filled and properly mixed, at a minimum, –20°F-rated antifreeze into their Lot’s radiator.29.2. Other damages reasonably related to the Bidder’s non-payment.14. 6.11. Live Auction Paul Destribats : une bibliothèque des Avant-gardes, partie III 5.4. No Legal or Tax Advice: These Conditions are an important legal document. If RMS contributes to the Hammer Price to meet a reserve, the reserve for the respective Lot(s) becomes the Hammer Price plus RMS’ contribution for purposes of commissions.21. (clause 12 to 12.2.1 together “Twenty Day Window”)13. Dez 2020. Sold Dez 2020. RMS may, at its discretion (without any assumption of responsibility or duty toward the Consignor or the Buyer), take such steps to facilitate the reservation or transfer of any particular registration number as it thinks fit in order to assist the Consignor or Buyer, but strictly on the condition that no claim attaches to RMS for taking any such steps, whether arising out of RMS’ negligence or any other cause whatsoever.37. RM 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.13. Privacy Policy and Contact Anti-Money Laundering: The Consignor agrees to provide all information and assistance reasonably requested by RMS to comply with RMS’ internal anti-money laundering process and to comply with any and all anti-money laundering laws and regulations.34. If the Consignor does not remove the Lot(s) from either RMS’ United Kingdom, Belgium, Germany or Netherlands storage facility, the Consignor will be required to pay RMS a storage fee of £50.00 per day. RM will on behalf of the relevant Consignor review concerns raised by the Buyer for 20 business days from the date of the auction regarding the Lot(s) description; meaning, any written statements (in any and all mediums) made by RM that accurately repeat the information supplied by the Consignor as to the originality, character, features, condition, correctness, authenticity, or history of the Lot(s); after which time, all sales are considered “As Is” and “Where Is” as outlined in clause 4 below. Twenty Day Window for Rescission of Sale due to Buyer Concerns Regarding Lot(s) Description.3.1. If a Lot(s) is brought into Europe from a country outside of Europe, the Lot(s) must be placed on either RMS’ bond in the United Kingdom or one of RMS’ nominated customs agencies for Paris, Monaco, or Italy. If a bid placed by another bidder exceeds your bid, you will be notified via the email address you provided during registration, and the webpage of the Lot(s) will indicate you have been outbid.6.8. Cancellation/Rescission of Lot(s). (Clauses 7 to 7.2 together are “Purchase Price”)8. It is each Bidder’s responsibility to apprise themselves of the Conditions of Business for each auction in which the Bidder wishes to participate. Closing: {{item.TimeLeft}} Consignor meets the definition of Business.39 the Bidder is responsible for all risk of loss or damage insurance. Items recently sold at auction Catalog 10/30/92 Applied Arts from 1880 Constant with no representations or warranties, expressed implied... 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