If at the end of the auction, you are awarded the final bid on a Lot(s), ownership automatically changes hands at the drop of the auctioneer’s hammer (or equivalent device or mechanism) or the close of the Lot(s) (“Close of Lot”). A US$150.00 administration fee (US$170.00 in the State of California) will be assessed per motor car purchased. A Francis Bacon triptych sold for over $84 million during a virtual auction at Sotheby's, on what was an encouraging -- and highly unusual -- evening for the coronavirus-hit art market. Online bidding is not possible for Premium Lots. No act, omission or delay by Sotheby's shall be deemed a waiver or release of any of its rights. The record of sale kept by Sotheby’s will be taken as absolute and final in all disputes. For that reason, Sotheby’s condition report is not an alternative to taking your own professional advice regarding the condition of the Lot. Please note that the Conditions of Business are subject to change from time to time and it will be posted on the RM Sotheby’s (“RMS”) website and catalogue, as the case may be. Non-Payment. BIDDERS’ CONDITIONS OF BUSINESS 1. It is an allocation of the overhead costs relating to our facilities, property handling and other administrative expenses. Please note that all electrical and mechanical goods are sold on the basis of their artistic and decorative value only, and should not be assumed to be operative. Bidding at the Auction. (v) in respect of online bidding via the internet, the Conditions of Business for Live Online Bidding as listed below, in each case as amended as part of the Studio Sale Information. It is the Buyer's sole responsibility to identify and obtain any necessary export, import, firearm, endangered species or other permit for the Lot. Moscow had earlier said the masterpiece was stolen from a private collection in 1997. Services. Data Use. +44 20 7293 5000 F +44 20 7293 5989 WWW.SOTHEBYS.COM Sale Results London, Bond St Sale L14033 Old Master & British Paintings Evening Sale 09 JUL 14 ... | January 1, 2021 Sotheby’s Two Evening Sales Bag a Muted $283.9 Million, Fueled by the Scene-Stealing Inclusion of Three Futuristic Alfa Romeos The sale was just as notable for what wasn't in it: the Baltimore Museum of Art withdrew two high-profile consignments at the last minute. A Celebration of Art Deco: Masterworks from the Collection of Dr. Stephen E. Kelly Evening Sale. The Studio Sale Information and/or any condition report relating to the Lot may make reference to particular imperfections of the Lot but you should note that the Lot may have other faults not expressly referred to in the condition report for the Lot or shown in the online or PDF or printed images of the Lot. Find the perfect Sothebys Impressionist Modern Art Evening Sale stock photos and editorial news pictures from Getty Images. In order to assist Bidders with this process, RMS may provide information about the tax status of each Lot(s), as well as any ownership or registration papers that will be supplied with the respective Lot(s) (“Tax and Ownership Information”); however, this information is being provided merely to assist Bidders in their determination of their own tax and regulatory responsibilities. If the sale is cancelled/rescinded due to non-payment, RMS will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission. The purchase price shall consist of the following:7.1. the Hammer Price (defined below) of the Lot(s), and7.2. If you wish to ask any questions regarding the use of your personal information, to request a full accounting of what personal information is on file with RMS, or to unsubscribe to any services or purge your personal information from RMS’ systems, please email privacy@rmsothebys.com.23. RMS opines that the Lot(s) has been intentionally and materially misrepresented by the Consignor;15.2. 28. Suddenly it is all over: 50 pictures have been sold for $2,242,900. Explore {{searchView.params.phrase}} by color family {{familyColorButtonText(colorFamily.name)}} (h) Title in a purchased Lot will not pass until Sotheby's has received the total amounts due for that Lot in accordance with Condition 7(b) above in cleared funds. That said, the final total of $363.2 million represented just over half the $692 million Sotheby’s raised from its evening Impressionist & modern and contemporary sales in New York last May. 2. Further, all payments must be in the form of cash or certified funds unless other arrangements have been approved in advance. Evening Sale at Sotheby’s Brings in $284 M., Ghana Appoints New Museum Committee, and More: Morning Links from October 29, 2020 Making for a truly unique sale, Sotheby’s auctioneer, Oliver Barker, taking bids from a global audience of specialists from New York, London, and Hong Kong, marked the second time in which a truly unique automotive was offered at a Sotheby’s Contemporary Evening Auction. Until risk passes, Sotheby’s will compensate the Buyer for any loss or damage to the Lot up to a maximum of the Purchase Price paid. Force Majeure events including but not limited to:14.1.1. Sotheby's Modern Art Evening Sale and Modern & Contemporary Southeast Asian Art Evening Sale in Hong Kong Achieve Exceptional Results: $114.7 Million Total News provided by Sotheby's Taxes. (a) Sotheby’s shall refund the Purchase Price to the Buyer in circumstances where it deems that the Lot is a Counterfeit and each of the conditions of the Authenticity Guarantee has been satisfied. Introduction.1.1. For auction sales taking place in the UK before 31st December 2020, please refer to the Guide for Buying at Auction for further information on VAT. 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 the Bidder exercises this right they are advised to insure the Lot(s) until the Consignor re-takes possession of the Lot(s). 12. Duties of Bidders and of Sotheby’s in respect of items for sale. Online bids are made subject to the Conditions of Business for Live Online Bidding as listed below The Conditions of Business for Live Online Bidding apply in relation to online bids, in addition to these Conditions of Business. Coming on the heels of Sotheby’s successful sales in Hong Kong, London, and Paris earlier this month, yesterday evening’s Contemporary Art Evening Sale brought a total of $142.8 million with 95.1 percent of lots sold, while the Impressionist & Modern Art Evening Sale achieved $141.1 million with 100% sell-through rate. With nearly one million viewers tuning in to Sotheby’s live-streamed sales of Contemporary and Impressionist & Modern Art, the trio of automotive icons, offered as a one lot, saw strong pre-sale interest, as well as bidding activity during the auction, which comes as no surprise given the rarity and desirability of the beautifully-designed and sculptural examples of automotive art. Jurisdiction For the benefit of Sotheby’s, all Bidders and Sellers agree that the Courts of England are to have exclusive jurisdiction to settle all disputes arising in connection with all aspects of all matters or transactions to which these Conditions of Business relate or apply. It is agreed that, save in respect of liability for fraudulent misrepresentation, no party has entered into any contract pursuant to these terms in reliance on any representation, warranty or undertaking which is not expressly referred to in such materials. Telephone and online bids may be recorded. Removal of Purchased Lot(s). Cancel/rescind the sale of a Lot(s). Browse and bid online, or contact our salerooms in London, New York, Paris, Hong Kong, Geneva and worldwide. The auctioneer has absolute and sole discretion in the case of error or dispute with respect to bidding and, the auctioneer and RMS have absolute and sole discretion, whether during or after the sale, to determine the successful Bidder, to re-open the bidding, to cancel the sale, or to re-offer and re-sell the Lot(s) in dispute. (Clauses 7 to 7.2 together are “Purchase Price”)8. RMS is registered to collect/remit sales tax in the following states: Arizona, California, Florida, Indiana, Michigan, New York, and Pennsylvania. Last evening’s Contemporary Art Evening Auction was a perfectly executed example of cross category collaboration by the market leaders in both cars and fine arts and served as further evidence of RM Sotheby’s expertise and leadership in the market for bringing important automobiles to auction.”. (f) The EU/UK Consumer shall send back the Lot or hand it over to us at such address as we may specify for the purpose, without undue delay and in any event no later than 14 calendar days from the day after which the EU/UK Consumer communicate their cancellation of their purchase of the Lot to us. Partial payment of a Lot, or payment across multiple credit cards for a single Lot, is not permitted. Select from premium Sothebys Old Masters Painting Evening Sale … If you would like to request a ticket to attend the auction in person please contact oldmastertickets@sothebys.com no later than 4 December 2020. (b) Bidders acknowledge that many Lots are of an age and type which means that they are not in perfect condition. The denial of any permit or licence shall not justify cancellation or rescission of the sale contract or any delay in payment. Assume the rights of the Consignor or pursue the Buyer for any amounts paid to the Consignor, whether at law, in equity, or under these Conditions of Business. The Day session (lots 122 - 312) is an online-only auction. Governing Law These Conditions of Business and all aspects of all matters, transactions or disputes to which they relate or apply (including any online bids in the sale to which these Conditions apply) shall be governed by and interpreted in accordance with English law. In connection with the auction, RMS will have absolute discretion with regard to the Lot(s) or any RMS auction as to (a) consulting any expert either before or after the sale, (b) researching provenance, (c) providing descriptions as may be appropriate, (d) marketing and promotion of the sale, and (e) any other services required to conduct the sale. This deadline is met if the EU/UK Consumer sends back the Lot before the period of 14 calendar days has expired. Eileen Kinsella, May 15, 2014 Sotheby’s will not charge the EU/UK Consumer any fee in connection with processing the reimbursement. Sotheby’s reserves the right to seek identification of the source of funds received, and to make enquiries about any person transacting with Sotheby’s. (a) Sotheby’s and Sellers’ contractual relationship with prospective Buyers is governed by: (ii) the Conditions of Business for Sellers a copy of which is available by request; (iii) Sotheby’s Authenticity Guarantee as listed in the Studio Sale Information; (iv) any additional notices and terms that are part of the Studio Sale Information; and. 22. (c) Unless Sotheby’s owns a Lot offered for sale, it is not responsible for any breach of these conditions by the Seller. 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. Dec 9, 2020. If so, input your company name: You haven't completed the registration, check your email for instructions. Sotheby’s is the last of its competitors to announce an additional hybrid evening sale event. (b) To exercise the right to cancel the sale contract in relation to a Lot, the EU/UK Consumer must inform Sotheby’s (being the company within the Sotheby’s Group and specified in the Studio Sale Information which offers to sell the Lot either as agent for the Seller or as principal) of their decision to cancel the sale contract by a clear statement (e.g. RMS’ contractual relationship with the Bidders are governed by:1.2.1. RMS faces significant reputational damages that would cause monetary damages for selling the Lot(s); 15.5. Luxury homes for sale and estate homes throughout the world are available in our network. Browse 121 sothebys old masters evening sale stock photos and images available, or start a new search to explore more stock photos and images. It is each Bidder’s responsibility to apprise himself or herself of the Conditions of Business for each auction in which the Bidder wishes to participate. Select from premium Sothebys Impressionist Evening Sale of the highest quality. Sotheby’s live-streamed sales of contemporary, modern, and Impressionist art closed on Wednesday for a total of $283.9 million, with the two auctions jointly achieving a sell-through rate of 97 percent by lot. If the Bidder does not satisfy and/or meet the Bidder Registration Requirements, RMS, at its sole discretion, may not allow the Bidder to register to bid at the auction.6.5. NEW YORK (29 October 2020) – Last night in New York, RM Sotheby’s celebrated a historic evening with the sale of the renowned trio of Alfa Romeo Berlina Aerodinamica Tecnica concept cars, B.A.T. (b) In the light of the matters in Condition 3 above and subject to Conditions 4(a) and 4(e), neither any Sotheby's Company nor the Seller: (i) is liable for any errors or omissions in information provided to Bidders by Sotheby’s (or any Sotheby's Company), whether orally or in writing, whether negligent or otherwise, except as set out in Condition 3(f) above; (ii) gives any guarantee or warranty to Bidders and any implied warranties and conditions are excluded (save in so far as such obligations cannot be excluded by law) other than the express warranties given by the Seller to the Buyer in Condition 2 of the Sellers' Conditions of Business; (iii) accepts responsibility to any Bidders in respect of acts or omissions (whether negligent or otherwise) by Sotheby’s in connection with the conduct of auctions or for any matter relating to the sale of any Lot. The rate of such combined state and local sales tax is 8.875% in New York City and ranges from 7% to 8.625% elsewhere in New York. (d) Sotheby’s will make the reimbursement to the EU/UK using the same method of payment as the EU/UK Consumer used for the initial transaction, unless expressly agreed otherwise. Further information and guidance as to the application of such taxes is provided in the studio Sale Information. If you have purchased a Lot for delivery outside of the UK, you acknowledge and agree that it is your responsibility to ascertain and pay all international duties, custom charges, taxes, charges and tariffs owed to the appropriate government entity or that otherwise need to be paid prior to release or shipment. RMS reserves the right to collect/remit sales tax from residents from other jurisdictions if RMS deems in its sole discretion the collection/remittance of tax necessary.9.3. Structural damage to the auction venue prior to the auction, which despite reasonable efforts, restricts RM from holding the auction; and14.1.3. With a combined total of $283.9 million, the two sales raised the total of the auction house’s October evening sales of Contemporary and Impressionist & Modern Art to over $500 million worldwide. The Evening session of the sale (lots 1 - 121) is a live auction that will take place on October 22 starting at 5:00 PM EST. The Consignor of the Lot(s) has been guaranteed a minimum price for this Lot(s). 3. Admission to this auction is by ticket only. A wide selection of Italian paintings are also on offer, from the Renaissance to the late 18th century, amongst which is a Portrait of Thomas Orde by Pompeo Batoni that is “one of the artist’s finest and most sympathetic likeness of an Englishman”. Viewing times subject to current government guidelines. Scegli tra immagini premium su Sothebys Impressionist Evening Sale … Find the perfect Sothebys Old Masters Painting Evening Sale stock photos and editorial news pictures from Getty Images. RMS 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.12. (e)  Sotheby’s shall not reimburse the EU/UK Consumer by the amount of any supplementary costs which arise if the EU/UK Consumer chooses a type of delivery other than the least expensive type of standard delivery offered by Sotheby’s or any import duties we incur as a result of the EU/UK Consumer returning the Lot to us. The amount of the Buyer’s Premium and Overhead Premium are set out in the Studio Sale Information. Browse 12 sothebys old masters painting evening sale stock photos and images available or start a new search to explore more stock photos and images. The Agent will make such documentation promptly available for immediate inspection by an independent third-party auditor upon Sotheby’s written request to do so. (c) Should any provision of these Conditions of Business be held unenforceable for any reason, the remaining provisions shall remain in full force and effect. Proceeds will go towards building a new acute stroke unit and purchasing children’s rehabilitation equipment for BASR hospital in … (iii) the generally accepted opinions of relevant experts, in each case at the time any such express statement is made. In the event of any conflict between theses Online Terms and Sotheby’s Conditions of Business and the terms of Sotheby’s Authenticity Guarantee, Sotheby’s Conditions of Business and Authenticity Guarantee will control. 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; or15.8. The limitations and exclusions relating to Sotheby’s are consistent with its role as auctioneer of large quantities of goods of a wide variety and Bidders should pay particular attention to these Conditions. cars featuring well-known journalist Kurt Anderson discussing the significance of the offering with Ian Kelleher, Chief Marketing Officer of RM Sotheby’s. If the Buyer of a Lot(s) resides in the United States, in an effort to ensure all titles are free and clear of liens or encumbrances, RMS manages the process of title reassignment on behalf of the Buyer. RMS opines that physical damage to the Lot(s), which cannot be sufficiently repaired prior to the auction, occurred after this agreement was formed; 15.3. 5, 7 & 9d CONCEPT CARS SELL FOR $14.8M TO LEAD SOTHEBY’S CONTEMPORARY ART EVENING AUCTION AS TOP SELLING LOT. It is essential that prior to any intended use, the electrical system for any Lot is checked and approved by a qualified electrician. (c) Information provided to Bidders in respect of any Lot, including any estimate, whether written, online, or oral and including information presented online or in any online, PDF, or printed catalogue, condition or other report, commentary or valuation, is not a representation of fact but rather is a statement of opinion genuinely held by Sotheby’s. "ARR" is applicable artist resale right royalty payable by the Buyer on the qualifying Property; "Bidder" is any person considering, making or attempting to make a bid, by whatever means, and includes Buyers; "Buyer" is the person who makes the highest bid or offer accepted by the auctioneer, and includes such person's principal when bidding as agent; "Buyer's Expenses" are any costs or expenses due to Sotheby's from the Buyer, including an amount in respect of any applicable VAT thereon, and any ARR payable in respect of the sale of the Property; "Buyer's Premium" is the commission payable by the Buyer on the Hammer Price at the rates set out in the guide to Buying at Auction plus any applicable VAT or an amount in lieu of VAT; “Buyer’s Shipping Costs” are any packing, handling and shipping costs and charges (including any costs covering transit insurance) payable by the Buyer to Sotheby’s for provision of delivery services of the purchased Lot to the Buyer; “Consumer Contracts Regulations” means the Consumer Contracts (Information, Cancellation and Additional Charges) Regulations 2013 (as amended) which came into force in the UK on 6 April 2013; "Counterfeit" is as defined in Sotheby's Authenticity Guarantee; “EU/UK Consumer” is an individual habitually residing in the European Union or the United Kingdom who purchases a Lot and who is acting for purposes which are wholly or mainly outside that individual’s trade, business, craft or profession; "Hammer Price" is the highest bid accepted by the auctioneer by the fall of the hammer, (in the case of wine, as apportioned pro-rata by reference to the number of separately identified items in that Lot), or in the case of a post-auction sale, the agreed sale price; “Lot” is an item to be offered for sale at a Studio Sale (and “Lots” shall be construed accordingly). The value of the last accepted bid upon the Close of Lot is the Hammer Price (“Hammer Price”).11.3. Buyers’ Premium. (e) Subject to the matters referred to at 3(a) to 3(d) above and to the specific exclusions contained at Condition 4 below, Sotheby’s shall exercise such reasonable care when making express statements in descriptions or condition reports for Lots as is consistent with its role as auctioneer of Lots in the sale to which these Conditions relate, and in the light of: (i) the information provided to it by the Seller; (ii) scholarship and technical knowledge; and. Shipping and handling. Concepts, Split Window: Scaglione’s Aerodynamic Influence on the Automotive Industry. By participating in the auction, the Bidder represents and warrants that any bid placed by them, or on their behalf, is not the product of any collusive or other anti-competitive agreement and is otherwise consistent with applicable competition law. Money and Art Marry: Scull Sale at Sothebys ... It’s the last big buzz of the evening. Further information and guidance on the application of the ARR is provided in the Studio Sale Information. Offered in the Sotheby’s sale from long-term ownership and for the first time as a united trio, the three cars showcased that the power of artistry and ingenuity is always attractive on the market, no matter the medium. The next bidding increment is shown for your convenience. “Efficiency Equals Beauty”: The Soft-Spoken Stylist Behind the Stunning Alfa-Romeo B.A.T. 5. (b) Notices to Sotheby's should be in writing and addressed to the department in charge of the sale, quoting the reference number specified at the beginning of the sale catalogue. THE CONSIGNORS AND RMS 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. Without prejudice to any rights the Seller may have, if the Buyer without prior agreement fails to make payment for the Lot within five days of the auction, Sotheby's may in its sole discretion (having informed the Seller) exercise one or more of the following remedies: (a) store the Lot at its premises or elsewhere at the Buyer’s sole risk and expense; (c) set off any amounts owed to the Buyer by a Sotheby’s Company against any amounts owed to Sotheby's by the Buyer in respect of the Lot; (d) apply any payments made to Sotheby’s by the buyer as part of the Purchase Price and Buyer’s Expenses towards that or any other Lot purchased by the Buyer, or to any shortfall on the resale of any Lot pursuant to paragraph (h) below, or to any damages suffered by Sotheby’s as a result of breach of contract by the Buyer; (e) reject future bids from the Buyer or render such bids subject to payment of a deposit; (f) charge interest at 6% per annum above HSBC Bank plc Base Rate from the Due Date to the date the Purchase Price and relevant Buyer's Expenses are received in cleared funds (both before and after judgement); (g) exercise a lien over any of the Buyer’s property which is in the possession of a Sotheby’s Company. NEW, SEALED Sotheby's Impressionist & Modern Art Evening Sale Book of 14 May 2018, New York. (i) The Buyer is obliged to arrange collection of purchased Lot(s) no later than thirty (30) calendar days after the date of the auction. Contemporary Art Evening Auction 28 October 2020 • 6:00 PM EDT • New York. If we arranged for the Lot to be delivered we estimate that the cost of returning the Lot by the same means is likely to be similar to the cost of delivery but it is not possible for us to be more accurate as to this cost due to the many variables involved in our worldwide business model and the means by which a return might be made. The Buyer is responsible for any applicable duty, import tariffs, charges, or any and all other required payments that are due upon the import of the Lot(s) to its final destination. By participating in this sale via any Online Platform, you acknowledge that you are bound by the Conditions of Business applicable in the relevant sale and by these Online Terms. 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, the auction, 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. Sotheby’s International Realty offers luxury real estate and homes for sale worldwide. The EU/UK Consumer will have to bear the direct costs of returning the Lot. Lot(s) not marked as “no reserve” (or similar) are subject to a reserve set by the Consignor. 1. 6.8. Explore our collection of international real estate and find the luxury home that meets your unique lifestyle. 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 RMS has the sole discretion to do any one or any combination of the following:12.1. To Richter ’ Sale Shows Art Market Remains Strong except in writing the same regardless of how the bid! Was kicked off with a 30-minute pre-show highlighting the Sale contract or any delay in payment, these of... To be clear, the Images may represent colours and shades completed the registration, or rescission of Buyer! Collection in 1997 providing an Irrevocable bid from a court of appropriate jurisdiction.20 offered at auction or website update B.A.T. 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From a third party in relation to the printed catalogue for information on Irrevocable bids items for Sale,. Romeo B.A.T that Sotheby ’ s non-payment.13 auctioneer reserves the right to bring proceedings in any court other the... Eating and merrymaking behind with no representations or warranties, expressed or implied ; 15.7 found at the time such! 2020 with one final marquee livestreamed Evening auction contact our salerooms in London New... Direct costs of returning the Lot ( s ), and7.2 or any delay in payment and other administrative.. Alfa Romeo B.A.T notified by them to Sotheby 's prior written consent to bid as agent the... Nissan 400Z GMC Hummer EV Vs. Search for luxury real estate in our network Lot ( )! ) not marked as “ no reserve ” ( or similar ) are subject to a pipe and fiddle peasants!