CONDITIONS OF SALE The auction will be conducted in euros and payment will be due immediately. ABSENTEE AND TELEPHONE BIDS In addition to the hammer price, buyers will pay the following fees : up to Bidders who cannot attend the auction in person and who are wishing to bid 150 000 €, 30.5% incl. VAT of the hammer price (25% excl. VAT + 22% VAT), by absentee or telephone bid are required to submit bids on the Absentee above 500 000 € and up to 500 000 €, 26.23% incl. VAT (21.5% excl. VAT + Bid Form of which a copy is printed in the last pages of the catalogue. This 22% VAT) and above 500 000 €, 21.96% incl. VAT (18% excl. VAT + 22% VAT). form must be received at least two days in advance of the sale, with the This calculation applies to each lot per tranche. bidder’s bank details. Pierre Bergé & associates provides telephone bids as a convenience to bidders who cannot attend the auction in person and Payment is due immediately after the sale. This rule applies even if the therefore will not be held responsible if a phone connection problem occurs, buyer wishes to export the lot and an export license is, or may be, required. Payment must be made by wire transfer and in Euros. As a courtesy we under no circumstances Pierre Bergé & Associates employees will be held accept payment by Visa, MasterCard as well as Amex (with additional responsible if an error shall occur in the execution of the telephone bids. fees of 2.75%). In cash and in Euros up to 1 000 € (incl. fees and taxes) for French private residents and up to 15 000 € (incl. fees and taxes) for foreign RETRAIT DES ACHATS residents. The auction operating officer is adherent to the Registre Central No lot will be given to the purchaser before full payment of the sale price, de prévention des impayés des Commissaires Priseurs (Auctioneers Central purchaser fees and VAT included. Registry to prevent overdue payments) to which payment incidents may In the event of payment by check or bank transfer, the delivery of the prizes be addressed. Rights of access, rectification and opposition on legitimate may be deferred until the actual receipt of the amount due. grounds can be exercised by the debtor involved by addressing to Symey 15 Upon adjudication, the item will be the sole responsibility of the purchaser. rue Freycinet 75016 Paris. The purchaser will himself be responsible for ensuring his acquisitions, and PBA declines all responsibility for any damage that the object may incur, and IMPORTANT NOTICE this as soon as the acquisition is pronounced. All formalities, especially those Concerning lots sold by foreign resident sellers, buyer will pay a 5.5% VAT in relating to export, as well as transport remain the sole responsibility of the addition to the hammer price (lots marked with) or 20% (lots marked with ) plus legal fees (VAT may be reclaimed upon proof of export outside the EU purchaser. within a maximum one month period). In accordance with the provisions of Transport and export quotes on request at APICE. Article 321 - 4 of the Commercial Code, the asterisk () marking some lots indicates that they are owned by an associate of Pierre Bergé & Associates. Pierre Bergé & associés informs buyers that lots made over 70 years ago by authors who are no longer living and sold at a price lower than EUR 13,500 RIGHT OF CONTINUATION may be definitively removed from Italian territory by means of self-certification Pierre Bergé & associés is legally obliged to collect the sums due under the submitted through the MiBACT online system (SUE) and endorsed by the resale right for the sale of the lots and to return them to the collecting agency competent Export Office (the transporter APICE MILANO may take care or the beneficiary of the right. of this). The buyer shall be responsible for the payment of the resale charge and shall The same self-certification regime shall apply to lots made less than 70 years be invoiced at the same time as the tender price and the costs referred to in ago by authors who are no longer living, or to lots made by living authors. the first paragraph. In the event that PBA becomes aware that a sale is subject to the resale duty On the other hand, the definitive exit from the Italian territory of lots made by only after the lot has been tendered, that duty will be invoiced to the buyer authors no longer living for more than 70 years and sold at a price higher than separately. The selling price used as the basis for collecting the resale duty shall be EUR 13,500 requires the issue of a certificate of free circulation issued by the calculated, excluding taxes, on the hammer price. It is calculated work by competent Export Office (the transporter APICE MILANO can deal with this). work. The applicable rate is : The issue of a self-certificate or a certificate of free circulation, as the case - 4% for the price range up to 50,000 € may be, must be carried out by and at the expense of the purchasers. - 3% for the price range between EUR 50,000.01 € and EUR 200,000 € - 1% for the price range between EUR 200,000.01 € and EUR 350,000 € In case of notification of a lot by the Italian State, the buyer has 30 days to - 0.5% for the price range between EUR 350,000.01 €and EUR 500,000 € cancel the purchase of the lot. - 0.25% for the part of the price exceeding EUR 500,000.01 € The amount of the resale right is capped at 12,500 € Sold lots can be collected at Castello di Cassano Magnago, Piazza Santa WARRANTY Maria 2, 21012, Cassano Magnago (Varese) In accordance with the law, the auctioneer is legally responsible for the Sunday 7, Monday 8, Tuesday 9 November from 11:00 to 18:00 and contents of the catalogue, subject to any adjustment announced during the Wednesday 10 November from 10:00 to 12:00. presentation of the lot and duly noted in the official sale record. Condition From Friday 12 November 2021, the lots will be at APICE and can be collected reports describing damage, imperfection or restoration are done to facilitate or sent with costs to be paid by the buyer by contacting : the prospection and shall remain subject to the discretion of personal APICE MILANO S.r.l. Via Kennedy, 25 IT-20053 Rodano (MI) examination by the buyer or his representative. The absence of such From 9:00am to 1:00am and 2:15pm to 6:00pm reference in the catalogue does not imply that an object is exempt from any Contact : Mme Serena Corno - General Head Coordinator defect or restoration. The pre - sale exhibition allows prospective buyers to inspect property and therefore, no claim will be registered regarding usual Tel. +39/02.95.95.711 Dir. +39/02.95.95.7129 restorations and small accidents. Mob. + 39 366-5739356 E-mail : serena.corno@apice.it E-mail : milano@apice.it www.apicescrl.it BIDDINGS The sale will follow the lot numbers according to the catalogue. PBA has discretion to set the increment of the bids and all bidders must comply with PERSONAL DATA this. The highest and final bidder will be the buyer. In case of a double bidding PBA undertakes to comply with the regulations in force concerning the declared by the auctioneer, the lot will be immediately reoffered for sale and processing of personal data and, in particular, Regulation (EU) 2016/679 of all present prospective buyers will be able to bid a second time. At the striking the European Parliament and of the Council applicable from May 25, 2018 of the hammer, risk and responsibility for the lot passes to the buyer. He is (GDPR) and Law No. 78 -17 of January 6, 1978 and successive modifications, therefore responsible for insuring his lots as soon as the auction is final. known as "Data Protection Laws". © Pierre Bergé & associés, Paris. © Photographs by Roberto Gobbo - www.robertogobbo.it. © Les imprimeries Corlet in October 2021