GENERAL TERMS AND CONDITIONS
Le Chesnay enchères SAS Rey & Guinot is a public auction voluntary sales company governed by the provisions of the 10 July 2000 law. Le Chesnay Enchères acts as the agent of the owner of the property.
The sale is made in cash and is expressed in Euros
The highest bidder will be liable to 26.8% VAT on top of the hammer price.
Payment by the purchaser will be made in one of the following ways:
- Cash to the extent permitted by applicable law (Article L112-6): up to € 1,000 when the purchaser has fiscal domicile in France or is acting for the purposes of a professional occupation; up to € 15,000 if the purchaser can show that he is not resident for tax purposes in France and is not acting for the purposes of a professional occupation.
- By credit card Visa, Mastercard, American Express (only at our office)
For American Express payments and foreign credit cards, an additional fee of 3% will be applied
- By cheque or bank transfer:
Banque Populaire Val de France 6 avenue Charles de Gaulle 78150 Le Chesnay
Bank code: 18707 Guichet: 00029
Account number: 30232251311 RIB key: 56
Iban: FR7618707000293023225131156 Bic CCBPFRPPVER
Warranties:
The designations of lots shall be established by Le CHESNAY Enchères and its accredited experts.
In case of rectification of designations, LE CHESNAY Enchères reserves the right to amend them on the bill of sale, after their having been explicitly mentioned in public by its representatives acting as agents for the seller. The absence of written or verbal information on the various restorations such as alterations, accidents and restorations does not imply that the item is free from defects.
The lots are sold in their prevailing condition and no claim can be made once the hammer falls. Watches are sold without guarantee of the clockwork. In the case of sales of jewelry, precious or semi-precious stones may have been subjected to processing in conformity with the legislation in force. The dimensions of furniture are given for information only and cannot be challenged for inaccuracy, since pre-auction display will have allowed buyers to inquire and take cognizance of the condition of the lots offered for sale.
The reserve price is not disclosed to the buyer and remains confidential. It can not exceed the low-end estimate of the lot put up for sale. Estimates are given for information only and do not guarantee the hammer price, which can be lower or higher than the estimate.
Purchase Order / Telephone Bids:
LE CHESNAY Enchères SAS Rey & Guinot offers the opportunity to bid on behalf of a person who is unable attend the auction:
- By purchase order clearly indicating the maximum bid of the buyer in Euros.
- By purchase order by phone, simply ticking the corresponding box and providing a phone contact number.
For any purchase order issued in the auction rooms, an identity card or a bank account identification slip is required. The form is available on www.lechesnayencheres.com and in the available catalogues. Any purchase order submitted by email, mail or fax must necessarily be accompanied by a copy of the photo ID and bank account identification slip of the issuer of the order.
A deposit of 20% of the low-end estimate of the lot(s) may be required by bank transfer or SWIFT and a credit card imprint.
Orders made by phone may be recorded during the auction.
If multiple purchase orders are issued on the same lot and with the same maximum bid, LE CHESNAY Enchères will maintain the first offer.
Purchase orders should reach the Auctioneers 48 hours before the sale.
Retrieval of purchases:
At the end of the sale, the lot or lots will be handed over to the buyer after full payment of sums due, including fees and taxes. Sums due will be remitted promptly to the seller subject to settlement by the buyer within legal deadlines. For payments by cheque or bank transfer, the necessary clearances may delay delivery of the consignment. NSF cheques or non-payment of a lot within the time limit will render the sale void. In this event, at the request of the seller, the lot will be re-presented under the "bad bid" procedure set out in Article L321-14 of the Commercial Code. Once the hammer falls, the lot is the sole responsibility of the buyer who is encouraged to insure it immediately. Sellers should retrieve unsold lots within one month of the auction. After this period storage costs of € 10 per day will be charged.
LE CHESNAY Enchères SAS Rey & Guinot reserves the right to disqualify any untrustworthy bidder or one who has not complied with the terms and conditions of sale.
Note for professionals:
Our professional buyers are kindly advised that no VAT – deducted bill will be issued without official proof of export.
In case of export, a tax-deducted bill may be established, subject to the submission of a deposit check in the amount of VAT.
If no evidence is presented within a month, the check will be cashed in.
We recall that provision of the single-market VAT number alone is not sufficient for VAT exemption.
