16. If the EU Bidder lawfully cancels the contract for Shipping Services, Sotheby’s will reimburse the EU Bidder all payments received from the EU Bidder in relation to the Shipping Services provided always that if the EU Bidder requested Sotheby’s to begin the performance of the Shipping Services during the Services Cancellation Period, the EU Bidder will remain liable for Sotheby’s reasonable costs. Lots with this symbol indicate that Sotheby’s owns the lot in whole or in part or has an economic interest in the lot equivalent to an ownership interest. Invoices and statements will indicate your property’s location. Withdrawal We reserve the right to withdraw any property before, during and after the sale and shall have no liability whatsoever for such withdrawal. The exquisite pieces – all inspired by nature… Sotheby’s Auction in Hong Kong Features 118.88-Carat Burmese ‘Royal Blue’ Sapphire. You may also input a maximum bid which, upon confirmation, will be executed automatically up to this predefined maximum value in response to other bids, including bids placed by Sotheby’s on behalf of the seller, up to the amount of the reserve (if applicable). If the irrevocable bidder is the successful bidder, any contingent fee, fixed fee or both (as applicable) for providing the irrevocable bid may be netted against the irrevocable bidder’s obligation to pay the full purchase price for the lot and the purchase price reported for the lot shall be net of any such fees. The Art Loss Register is pleased to provide purchasers with a certificate confirming that a search has been made. Sotheby’s just launched its first ever auction dedicated to contemporary Japanese prints and photography. In the event of a discrepancy between any online records or messages provided to you and the record of sale kept by Sotheby's, the record of sale will govern. In order to meet the applicable cancellation deadline, the EU Bidder is required to send his/her communication concerning the exercise of the cancellation right (i) in relation to a purchase of property before the Goods Cancellation Period has expired and (ii) in relation to the provision of Delivery Services before the Services Cancellation Period has expired. The extension of any one lot's closing time does not affect any other lot's closing time; therefore, it is possible that lots will close out of numerical lot order. Lots with this symbol indicate that a party has provided Sotheby’s with an irrevocable bid on the lot that will be executed during the sale at a value that ensures that the lot will sell. However, under certain circumstances, Sotheby’s may, in its sole discretion, offer bidders an extended payment plan. As soon as you place and confirm your bid amount, your bid is submitted. Please take note of them. Sotheby's: One of the world's most venerable auction houses. Ready-to-Wear Colorful Jewels. View information on collector car auction dates, schedule details, event info, how to register to bid, how to consign, or how to buy tickets for RM Sotheby's. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Associate Specialist. Sotheby's. Vivian Chen. Our specialists will provide a free preliminary auction estimate subject to a final estimate upon first-hand inspection. Please refer to “Information on Sales and Use Tax Related to Purchases at Auction” in the back of the e-catalogue. Head of Magnificent Jewels sales +41 22 908 4845. 56, No. Sotheby’s leads the greatest sales totals for auction since 2015, achieving $228 million total sales in Europe, higher than our nearest competitor. Payment by credit card may be made (a) online at https://www.sothebys.com/en/invoice-payment.html, (b) by calling in to Post Sale Services at +1 212 606 7444, (c) through the Sotheby’s App, or (d) in person at our premises. The first live event is … After this time, sold and unsold property considered oversized or monumental will be transferred to our new offsite facility, Crozier Fine Arts, One Star Ledger Plaza, 69 Court Street, Newark, New Jersey 07102. Payment by Wire Transfer To pay for a purchase by wire transfer, please refer to the payment instructions on the invoice provided by Sotheby’s or contact Post Sale Services to request instructions. Data Protection Sotheby’s will hold and process your personal information and may share it with its subsidiaries and affiliates for use as described in, and in line with, Sotheby’s Privacy Policy published on Sotheby’s website at www.sothebys.com or available on request by email to enquiries@sothebys.com. Payment must be made through Sotheby’s New York Post Sale Services by way of our acceptable forms of payment methods mentioned on your invoice. A mix of statement diamonds and colored gems lead Sotheby’s Magnificent Jewels auction on April 15, in the first live sale held by the auction house in New York this year. No reserve will exceed the low presale estimate stated in the e-catalogue, or as amended by notices posted on the Sotheby's website. If you cancel the contract for the supply of Shipping Services within the applicable Services Cancellation Period, we will reimburse to you any payments received from you in respect of the service. Simply contact the appropriate specialist (specialist departments are listed in the back of this e-catalogue), General Inquiries Department or a Sotheby’s regional office representative for suggestions on how best to arrange for evaluation of your property. Jewellery +1 212 894 1041. Benoit Repellin. Under such circumstances, the total compensation to the irrevocable bidder will not exceed the total buyer's premium and other amounts paid to Sotheby’s in respect of any lots for which the irrevocable bidder is not the successful bidder. EDT. Please note Sotheby’s reserves the right to refuse to accept payment from a source other than the buyer of record. The purchaser’s obligation to immediately pay the full purchase price or such part as we may require is absolute and unconditional and is not subject to any defenses, setoffs or counterclaims of any kind whatsoever. Christie’s International Real Estate . The pandemic kept most plum art estates away from auction in 2020, but Sotheby’s just landed the Texas-size collection of Fort Worth rancher and oil heiress Anne Marion. In the states that impose sales tax, Tax Laws require an auction house, with such presence in the state, to register as a sales tax collector, and remit sales tax collected to the state. 17. See More. Bidders are responsible for making themselves aware of all available notices, which will be posted online. For in-person collections at our offsite location, please alert Post Sale Services of your proposed collection date, ensure that all outstanding invoices have been paid for, and that you or your agent have the appropriate photo identification upon arrival. Payment by Cash It is against Sotheby’s general policy to accept payments in the form of cash or cash equivalents. Private sales, online sales, and demand from Asia are driving growth. Employee Bidding Sotheby’s employees may bid in a Sotheby’s auction only if the employee does not know the reserve and if the employee fully complies with Sotheby’s internal rules governing employee bidding. Our auction calendar includes annual and bi-annual auction events around the world, collection auctions and online only auctions. Learn more! If you cancel the contract for the purchase of property within the applicable Goods Cancellation Period, Sotheby’s Inc. will reimburse you all payments received from you, including the costs of delivery but not any extra costs arising if you chose a type of delivery other than the least expensive type of standard delivery offered by us; or any import duties we incur as a result of you returning the property to us. Feature Gems & Gemology, Fall 2020, Vol. EDT. In the event of any discrepancy between any online purchase information and the invoice sent to you by Sotheby's following the sale, the invoice prevails. Associate Specialist. For example, a registered re-seller such as a registered art dealer may purchase without incurring a tax liability, and Sotheby’s is not required to collect sales tax from such re-seller. In addition to other remedies available to us by law, we reserve the right to impose from the date of sale a late charge of the annual percentage rate of Prime + 6% of the total purchase price if payment is not made in accordance with the conditions set forth herein. Once your payment has been received and cleared, property may be released. If you are using your own shipper to collect property from Sotheby’s, please provide a letter of authorization and kindly instruct your shipper that they must provide a Bill of Lading prior to collection. Sotheby’s staff, wearing protective masks, attend a buyers’ preview before the resuming of live jewellery auctions after the coronavirus (COVID-19) lockdown in Geneva, Switzerland, June 21, 2020. 14. JOANNA.GONG@SOTHEBYS.COM. Limitation of Liability In no event will the aggregate liability of Sotheby’s and the consignor to a purchaser exceed the purchase price actually paid. Purchasers may pay for and pick up their purchases at our York Avenue headquarters until the close of business on the day of each respective auction. Sotheby's offers the most extraordinary jewels in the world to discerning collectors looking for special designs dating from the 19th century to the present day. If you have a large collection, a representative selection of photographs will do. The format launched last week, with a sale starting on April 1 of 19 Rolex watches and rare pieces by Audemars Piguet. Client Arranged Shipping Property collected from Sotheby’s New York premises by a common carrier hired by the purchaser for delivery at an address outside of New York is not subject to New York Sales Tax, but if the property is delivered into any state in which Sotheby’s is registered, Sotheby’s is required by law to collect and remit the appropriate sales tax in effect in the state where the property is delivered. In such instances, the compensation Sotheby's will pay the irrevocable bidder is allocated to the lots for which the irrevocable bidder is not the successful purchaser. Please arrange this through our Post Sale Services team at +1 212 606 7444 or USPostSaleServices@sothebys.com. Purchasers are reminded that Sotheby’s liability for loss of or damage to sold property shall cease upon the earlier of (a) 30 calendar days after the date of the auction and (b) our release of the property to the purchaser or the purchaser’s designated agent. US Economic Sanctions The United States maintains economic and trade sanctions against targeted foreign countries, groups and organizations. By participating in the sale, you represent and warrant that any bids placed by you, or on your behalf, are not the product of any collusive or other anti-competitive agreement and are otherwise consistent with federal and state antitrust law. If the buyer instructs Sotheby’s to arrange shipping of the lot to a foreign address, the buyer will not be required to pay the import tariff. Collection & Shipping For collections at 1334 York Avenue, please alert Post Sale Services of your proposed collection date, ensure that all outstanding invoices have been paid for, and that you or your agent have the appropriate photo identification upon arrival. If Sotheby’s Inc. arranged for the property to be delivered we estimate that the cost of returning the property by the same means is likely to be similar to the cost of delivery. Sotheby’s Auction in Hong Kong Features 118.88-Carat Burmese ‘Royal Blue’ Sapphire October 5, 2020 In the second week of October Sotheby’s Hong Kong Magnificent Jewels sale (held on … Our live and online Jewelry auctions are held throughout the year in New York, Geneva, Hong Kong, London, Paris and Milan. For example, such information may be excluded to accommodate a seller’s request for confidentiality or because the identity of prior owners is unknown given the age of the work of art. Vivian Chen. We may, in our sole discretion, apply any proceeds of sale then due or thereafter becoming due to the purchaser from us or any affiliated company, or any payment made by the purchaser to us or any affiliated company, whether or not intended to reduce the purchaser’s obligations with respect to the unpaid lot or lots, to the deficiency and any other amounts due to us or any affiliated companies. A buyer’s premium will be added to the hammer price and is payable by the purchaser as part of the total purchase price. Please note that this lot is subject to an import tariff. All the best features, latest news about upcoming auctions, events and more. RM Sotheby’s presented the exceptional Elkhart Collection in a live auction held in Elkhart, Indiana, grossing a total of $44,385,420 in sales. Specialist. Closing Bidding Bids may be submitted from the start of the auction until bidding on the specific lot closes. Fancy colored diamonds make up the top five lots for Sotheby’s New York Magnificent Jewels auction to be held December 9. Where Sotheby’s Collects Sales Tax Sotheby’s is currently registered to collect sales tax in the following states: Alabama, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New Mexico, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin and Wyoming. In the event Sotheby’s in its reasonable opinion deems that the conditions of the Guarantee have been satisfied, it shall refund to the original purchaser of record the hammer price paid and applicable buyer's premium paid for the lot by the original purchaser of record. Financial Services Sotheby’s offers a wide range of financial services including advances on consignments, as well as loans secured by art collections not intended for sale. In May 2017, Sotheby’s Geneva sold the Apollo & Artemis diamonds, a 14.54ct Fancy Vivid Blue diamond and a 16ct Fancy Intense Pink diamond for USD $57.4 million, a record price for a pair of earrings. Sotheby’s has sold 4 out of the 5 most expensive jewels ever offered at auction, led by the “CTF Pink Star”, a 59.60ct oval-cut Fancy Vivid Pink Internally Flawless diamond sold at Sotheby’s Hong Kong in April 2017 for USD $71.2 million, a world record price for any diamond or jewel. The Conditions of Sale, Terms of Guarantee, the glossary, if any, and all other contents of this e-catalogue are subject to amendment by us by the posting of such amendments on the Sotheby's website (www.sothebys.com). Bidders should also consult the Sotheby's Website for the most up to date cataloguing of the property in this e-catalogue. If you have property you wish to sell, Sotheby’s team of specialists and client services representatives will assist you through the entire process. Title in a purchased lot will not pass until Sotheby’s has received the full purchase price in cleared funds. The Bill of Lading must include: the purchaser’s full name, the full delivery address including the street name and number, city and state or city and country, the sale and lot number. The amount of the import tariff due is a percentage of the value declared upon entry into the United States. Study the art world online with the world’s leading auction house. A reserve is the confidential minimum hammer price at which a lot will be sold. Sotheby’s Part II Magnificent Jewels & Nobel Jewels – Geneva sale, the first live jewelry auction since the novel cornavirus pandemic, did not go as planned. Our auction calendar includes annual and bi-annual auction events around the world, collection auctions and online only auctions. Reserve Unless otherwise indicated, all lots in this e-catalogue are offered subject to a reserve, which is the confidential minimum hammer price at which a lot will be sold. View information on collector car auction dates, schedule details, event info, how to register to bid, how to consign, or how to buy tickets for RM Sotheby's. You hereby agree that Sotheby’s may file financing statements under the New York Uniform Commercial Code without your signature. Featured property: Mordo Ranch, Scottsdale, Arizona. Governing Law and Jurisdiction These Conditions of Sale and Terms of Guarantee, as well as bidders’, the purchaser’s and our respective rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of New York. This event features exceptional colored gems that are sure to take center stage at the Hong Kong Convention and Exhibition Centre in which the event is to be held. For any property collected or received by the purchaser in New York City, such property is subject to sales tax at the existing New York State and City rate of 8.875%. If you are using your own shipper to collect property, please provide a letter of authorization and instruct your shipper to email their bill of lading to billsoflading@sothebys.com and ensure the correct collection location is specified. The reserve is generally set at a percentage of the low estimate and will not exceed the low estimate of the lot. Please contact Post Sale Services or the specialist in charge of the sale for information on credit arrangements for a particular lot. The highest bidder acknowledged by the Sotheby's online bidding system will be the purchaser. Sotheby's will not be responsible for any errors or failures to execute bids placed online or for any errors or omissions in connection therewith including, without limitation, errors or failures caused by (i) a loss of connection to the internet or the Sotheby's online platform software by either Sotheby's or the client; (ii) a breakdown or problem with Sotheby's online platform software; or (iii) a breakdown or problem with a client's Internet connection, mobile network or computer. Lots with this symbol may, in our opinion, require special handling or shipping services due to size or other physical considerations. In keeping with the holiday spirit, three of … click here. Per Lot Unless otherwise stated, all bids are per lot as numbered in the e-catalogue. There may be restrictions on the import into the United States of certain items originating in sanctioned countries, including Cuba, Iran, North Korea and Sudan. The following will help in understanding the auction buying process as well as some of the terms commonly used in an auction e-catalogue. The company is set to auction off Cartier’s legendary Tutti Frutti bracelet, with a pre-sale estimate of US$600,000 to US$800,000, through a single-lot online sale by end-April. Estimates Each lot in the e-catalogue is given a low and high estimate, indicating to a prospective buyer a range in which the lot might sell at auction. Viewing Sotheby's website will state whether there is an exhibition of the auction property. Certified checks, banker’s drafts and cashier’s checks are accepted at Sotheby’s discretion and provided they are issued by a reputable financial institution governed by anti-money laundering laws. Jewellery +1 212 894 1918. The buyer should contact Sotheby’s prior to the sale to determine the amount of the import tariff. Local Tax Advisors As sales tax laws vary from state to state, Sotheby’s recommends that clients with questions regarding the application of sales or use taxes to property purchased at auction seek tax advice from their local tax advisors. Posted on June 22, 2020 Auction house Sotheby’s said it is set to resume Geneva’s live auctions of jewelry, which were suspended when the coronavirus pandemic hit. In advance of our forthcoming sales, we would be delighted to provide you with a free and confidential jewelry valuation. Online bids may be recorded. View auction. Sotheby's original video series serve as the definitive guide to the world of arts and auctions. New York sales tax is charged on the hammer price, buyer's premium and any other applicable charges on any property picked up or delivered in New York, regardless of the state or country in which the purchaser resides or does business. Here’s Sotheby’s revised jewellery auctions calendar for 2020: Live auctions June 9: Magnificent Jewels in New York (Initially scheduled for April) “Imperial green” jadeite bead necklace fetched $8.1 million at Sotheby's Hong Kong sale. Here's the latest sign of economic divide between the haves and have-nots in the pandemic: Rich people are buying more high-end jewelry like diamond rings and gold necklaces. Both documents must be sent to Post Sale Services prior. The Consumer Rights Directive (Directive 2011/83/EU) and related regulations implemented by the European Union (“EU”) member states (the “Regulations”) give bidders who are consumers and are habitually resident within an EU member state (an “EU Bidder”) who purchase goods and services online or otherwise “at a distance” certain cancellation rights under the Regulations. However, the shape depicted is that of the smaller recut Hope diamond. The live sale is accompanied by an online auction, Sotheby’s Part I Magnificent Jewels & Nobel Jewels – Geneva, with 178 lots dating from the 19th century through to …
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