How to Buy

	Database Catalogue



	HOW TO BUY IN NEW YORK HOW TO BUY IN HONG KONG
	HOW TO BUY IN GENEVA

	- THE AUCTION CATALOGUE - AUCTION PREVIEWS - REGISTERING TO BID IN THE TRADITIONAL AUCTION - BIDDING IN THE SALEROOM - ABSENTEE BIDDING (WRITTEN BIDS) - ONLINE INTERACTIVE BIDS - THE ONLINE BIDDER REGISTRATION - BIDDING INCREMENTS - CURRENCY CONVERSION - SUCCESSFUL BIDS - SALES RESULTS - PAYMENT - COLLECTION - SHIPPING & INSURANCE - THE AUCTION CATALOGUE Lot descriptions provide technical data carefully compiled by our experts for each lot in the sale and are often enhanced by historical or biographical comments. • Estimates are listed at the end of each lot description and are an indication of the price range the lot is expected to fetch. Estimates do not include the buyer’s premium or sales tax. • An estimate noted by three stars **, advises clients to contact Antiquorum for more information. • Condition Reports are given for each lot in the catalogue based on a grading system developed by Antiquorum’s experts. This grading system is explained in the beginning of the auction catalogue. • Buyers are advised to read the Conditions of Sale before bidding at auction. • Auction catalogues for traditional auctions can be viewed at www.antiquorum.com: click on the option “Online Services”, then click on “Online Catalogue Database” and select the relevant online auction catalogue. - AUCTION PREVIEWS Previews are conducted by Antiquorum prior to each auction and details of these exhibitions are found in the beginning of every catalogue or online. Previews are open to the public and prospective buyers are encouraged to view and examine lots offered for sale prior to making their purchases. - REGISTERING TO BID IN THE TRADITIONAL AUCTION Each client wishing to bid at auction is required to register before the sale. Swiss law requires all persons registering to bid at auction to present a photographic proof of identity in order to receive a bidding number. Clients may register in advance during any of the preview exhibitions scheduled prior to the sale (see “Exhibitions” in the beginning of the catalogue); or through Antiquorum Geneva, either in person or on the telephone (2 rue du Mont Blanc, 1201 Geneva, Tel. +41 (0)22 909 28 50). First time buyers are encouraged to register in advance so that the required credit references can be processed in a timely fashion. Clients can also register the morning of the sale, beginning at 9:00 a.m., at the reception of Antiquorum, in the hotel where the auction takes place, just outside the saleroom. Clients will be able to pick up their bidding paddles on the day of the sale, prior to the auction, just outside the saleroom. - BIDDING IN THE SALEROOM Lots offered for sale are auctioned in numerical order as they appear in the catalogue. The lot being auctioned is announced by the auctioneer, as well as shown live or illustrated on a screen at the front of the saleroom. Bidders are advised to have the auction catalogue to hand during the sale for reference - ABSENTEE BIDDING (WRITTEN BIDS) If you are unable to bid in person at the auction, you can submit an absentee or writtenbid. Bid forms are found in every auction catalogue, as well as on Antiquorum’s website at www.antiquorum.com, and can be requested at preview exhibitions or from any Antiquorum office (see the list of worldwide offices). Bid forms should be completed and signed, then faxed to Antiquorum at +41 (0)22 909 28 60 or mailed to 2 rue du Mont Blanc, 1201 Geneva. E-mail bids can be submitted, but must be followed-up (by mail or fax) with a signed bid form. Absentee bids will be processed on your behalf at auction by Antiquorum’s staff. This service is free of charge and Antiquorum’s staff will execute the bids at the lowest possible price, taking into account the reserve and other bids. Antiquorum cannot be held responsible for errors, omissions or late-arriving bids. In the event that two identical bids are received, the first bid received by Antiquorum will take preference. It is very important for the bidder to list a daytime telephone number in case any part of the bid form is unclear. It is advisable to send the bid form in good time before the auction, especially for new buyers whose bank references will be checked. Bids submitted in a foreign currency will be converted to Swiss Francs using the exchange rate on the day of the sale. Please note that all bid cancellations must be received in writing. - ONLINE INTERACTIVE BIDS Antiquorum’s fully secure online interactive bidding system allows prospective buyers to place interactive bids and absentee bids directly through www.antiquorum.com for all traditional auctions worldwide. Especially designed to offer the suspense and excitement of a traditional auction room, Antiquorum’s online interactive bidding system allows buyers worldwide to bid safely and comfortably as though they were in the saleroom. The system offers many features to facilitate the online bidding process such as: • the lot number with its image, description and condition report • bid sequence for all previous bids on the current lot buyers are bidding upon • a countdown icon (adapted to each user’s connection speed) indicating the time left for bidding • access to a HELP LINE in the event of a connection failure • auction monitoring in major currencies, including the bidder’s currency of choice • view of the paddle number and the location (room or online) of the person bidding at that moment Antiquorum’s online interactive bidding system also offers buyers the option to place an online absentee bid. Absentee bids are accepted by the online server up to two hours before the start of the live interactive auction. To help familiarize prospective buyers with Antiquorum’s online bidding system, a bidding simulator is available on www.antiquorum.com. - THE ONLINE BIDDER REGISTRATION The registration process for online interactive bidding and online absentee bidding is similar to that used for traditional telephone and absentee bidding. On Antiquorum’s fully secure website, www.antiquorum.com, the following steps need to be completed by prospective buyers: • Register by providing the bidder’s name, address, telephone and fax numbers, email address, credit card details and a requested credit limit for online bidding. NOTE: First time bidders are required to provide banking references. In some cases, Antiquorum may impose a credit limit to the online applicant, in which case the amended credit limit will be communicated to the client upon receipt of the registration form. • Accept Antiquorum’s terms and conditions of sale • Submit registration form to the Antiquorum’s fully secure website • Approved bidders will receive an email notification with a paddle number and PIN (Personal Identity Number) • Registered online bidders are strongly encouraged to familiarize themselves with Antiquorum’s online interactive bidding by using the auction simulator on www.antiquorum.com Once the auction catalogue is available online, with the use of a paddle and PIN, prospective buyers can place absentee bids online. Absentee bids are accepted online up until two hours prior to the start of the live interactive auction. On auction day, registered online bidders connect to www.antiquorum.com to follow instructions for live interactive bidding, using their paddle and PIN numbers. For collectors who simply want to follow the live auction in progress, no advance registration is needed to view a live internet broadcast made available on auction day. For additional information about the online bidding system, terms and conditions of use and sale.- Online Registration - BIDDING INCREMENTS Bidding usually opens below the low estimate figure of each lot and generally advances in increments of 10%, for example: Value in Swiss Francs: Increment: SFr. 500 to SFr. 1,000 by SFr. 50 SFr. 1,001 to SFr. 2,000 by SFr. 100 SFr. 2,001 to SFr. 5,000 by SFr. 200 SFr. 5,001 to SFr. 10,000 by SFr. 500 SFr. 10,001 to SFr. 20,000 by SFr. 1,000 The auctioneer may adjust the bidding increments at his/her discretion. - CURRENCY CONVERSION Auctions are conducted in U.S. Dollars in New York, in Swiss Francs in Geneva, and in HK Dollars in Hong Kong. A currency conversion board is made available in each saleroom and online, indicating approximate exchange rates for various major currencies. - SUCCESSFUL BIDS When the auctioneer’s hammer falls, the final bid has been reached and the auctioneer will record the bidder’s paddle number, or the absentee bid number. If your bids have been successful, you will be notified by means of an invoice sent by mail (or by fax upon request). You are also welcome to call Antiquorum the day after the auction to request the outcome of your bids. - SALES RESULTS Price lists are made available online at http://www.antiquorum.com approximately six hours after the end of each auction. - PAYMENT Payment for purchased lots at any Antiquorum auction is due within 7 days of the sale date. For traditional Auction in Geneva : • For traditional auctions, the buyer’s premium is payable as follows: 18% on the first SFr. 100,000 of the hammer price, 15% from SFr. 100’001 to SFr. 250’000 and 12% on the hammer price amount in excess of SFr. 250,000.– On the fall of the gavel, liability for the knocked-down lot (or lots) passes to the bidder whose bid has been accepted. The lots are delivered to the buyer when the hammer price and the buyer‘s premium are paid in full. V.A.T. (value added tax) of 7,6% is due on all purchases. Wholesalers, on presentation of their card, may be exempted from payment of this tax. Buyers domiciled abroad are refunded this 7,6% only on receipt by Antiquorum S.A. of an export declaration duly stamped by Swiss Customs.For traditional Auction in New York : • For traditional auctions, the buyer’s premium is payable as follows: 18% on the first $80,000 of the hammer price, 15% from $80,001 to $200,000, plus 12% on the hammer price amount in excess of $200,000. For traditional Auction in Hong Kong: • For traditional auctions, the buyer’s premium is payable as follows: 18% on the first HK$ 600,000 of the hammer price, 15% from HK$ 600,001 to HK$ 1,500,000 and 12% on the hammer price amount in excess of HK$ 1,500,000. - COLLECTION For collection of lots purchased, the buyer will need to contact Antiquorum with instructions. Collection of purchased lots can only take place once the invoice has been paid in full.For Geneva contact Agnieszka Leki: +41 (0)22 909 28 50. For New York contact Heather McDowell, Tel.: + 212 750 1103. For Hong Kong contact Peony Kiu, Tel.: + 852 2522 41 68. - SHIPPING & INSURANCE After the buyer has settled the payment of his invoice, Antiquorum may, as an additional service, arrange to have purchased items packed and shipped at the buyer’s request and expense. For more details, contact Agnieszka Leki at Antiquorum, Geneva, Tel.: +41 (0)22 909 28 50