One is that it was a watch auction at a prestigious auction house as well as Sotheby’s first major Speedmaster watch auction. 19. All dimensions are approximate. We hold sales in Dubai, Geneva, Hong Kong and New York throughout the year. Please refer to Condition 12 of the Conditions of Business for further details regarding payment of a purchased lot. The auction house added the sales build on the success of the online watch auctions it has already had in recent years, including the results of the latest held this month—the March 17-26 Watches Online sale saw 87 percent of lots sold and totaled $2.5 million, and the March 4 -11 Watches Online sale was 94 percent sold and totaled $1.7 million. This sale comprised of 88 lots features staple collection pieces from Patek Philippe, Rolex, Vacheron Constantin and Omega. Watches in water-resistant cases have been opened to examine movements but no warranties are made that the watches are currently water-resistant. Please be advised that the purchaser will be responsible for complying with any applicable export and import matters, particularly in relation to endangered species and the United States Department of Fish and Wildlife Services. 48. In the event that Sotheby’s ships items for a purchaser to a destination within a US state in which Sotheby’s is registered to collect sales tax, Sotheby’s is obliged to collect and remit the respective state’s sales or use tax on the total purchase price (including hammer price, buyer’s premium, overhead premium and any requested shipping services including insurance, as applicable) of such items, regardless of the country in which the purchaser resides or is a citizen. The auctioneer clinched the title of most expensive watch sold at auction in Asia when it sold a Patek Philippe ref. Although personal and company cheques drawn in Swiss Francs (CHF) on Swiss banks are accepted, you are advised that property will not be released until such cheques have cleared unless you have a pre-arranged Cheque Acceptance Facility. Search Search. All 45 timepieces of the October 2018 Sotheby’s New York sale of memorabilia collected by Robin and Marsha Williams sold, as did many other items for a total of $6.1 million. the buyer) will receive by email an invoice from Sotheby’s as soon as reasonably practicable after the final lot in the relevant online only auction closes. Sotheby's has absolute discretion to refuse an application to register for, or bid in, an online only auction. Sotheby’s uses pre-determined bidding increments. pending. The buyer's premium and overhead premium are added to the hammer price and are included as part of the total purchase price payable by the successful bidder. 9. Registering to bid in an online only auction: (a) In order to bid in an online only auction, you must have set up a verified account (in accordance with the procedures set out at 10(b) and 10(c) below). And the watch is one of two ref. Rescission: Where we are satisfied that the lot is a counterfeit, we shall rescind the sale and notify you of such rescission. Sotheby’s reported a key milestone yesterday when its year-to-date online sales ticked over $100 million, thanks to a $13.7 million online contemporary day sale that opened May 4 and closed May 14. Sotheby’s suggests that buyers check with their own government regarding wildlife import requirements prior to placing a bid. One of the most remarkable results was for a watch which certainly deserved recognition – a "supercomplication" by Dent, which hammered for $832,240 (CHF 800,000) on an estimate of CHF 300,000-500,000. (iii) the generally accepted opinions of relevant experts, in each case at the time any such express statement is made. Operation of the online only platform: (a) Sotheby’s offers the online only platform as a convenience to its clients and the online only platform shall be operated by Sotheby’s using reasonable care. Export: Should the export of any lot from Switzerland be subject to one or more export licences being granted or import licences to another country be required, it is the ‘buyer’s’ responsibility to obtain any relevant export or import licence. (d) UNLESS OTHERWISE AGREED, PAYMENT OF THE TOTAL AMOUNT SPECIFIED ON THE BUYER’S INVOICE (BEING THE HAMMER PRICE, APPLICABLE BUYER’S PREMIUM, APPLICABLE OVERHEAD PREMIUM AND ANY EXPENSES, REFERRED TO IN THESE CONDITIONS OF BUSINESS AS THE ‘TOTAL AMOUNT DUE) FOR A LOT IS DUE BY THE BUYER IMMEDIATELY FOLLOWING RECEIPT OF THE SOTHEBY’S RECEIPT NOTWITHSTANDING ANY REQUIREMENTS FOR EXPORT, IMPORT OR OTHER PERMITS FOR SUCH LOT. Bidder’s and/or Buyer’s warranties: (a) The ‘bidder’ and/or ‘buyer’ warrants that: (i) the ‘bidder’ and/or ‘buyer’ is not subject to trade sanctions, embargoes or any other restriction on trade in the jurisdiction in which it does business as well as under the laws of Switzerland, the European Union, the laws of England and Wales, or the laws and regulations of the United States, and is not owned (nor partly owned) or controlled by such sanctioned person(s) (collectively, “Sanctioned Person(s)”); and. Important Watches View Auction details, bid, buy and collect the various artworks at Sothebys Art Auction House. (b) The ‘bidder’ and/or ‘buyer’ hereby undertakes and warrants that none of the funds used for purchase and settlement will be funded by any Sanctioned Person(s), nor will any party involved in the transaction including financial institutions, freight forwarders or other forwarding agents or any other party be a Sanctioned Person(s) nor owned (or partly owned) or controlled by a Sanctioned Person(s), unless such activity is authorized in writing by the government authority having jurisdiction over the transaction or in applicable law or regulation. The seller further acknowledges that any condition report prepared by Sotheby’s and made available on the online only platform in relation to a lot, may not refer to all faults, restoration, alteration or adaption because Sotheby’s is not a professional conservator or restorer but rather the condition report is a statement of opinion genuinely held by Sotheby’s. References in the e-catalogue descriptions to certificates or reports issued by gemological laboratories are provided only for the information of bidders, and Sotheby’s does not guarantee and accepts no responsibility for the accuracy, terms or information contained in such certificates or reports. (b) Bidders acknowledge that many lots are of an age and type which means that they are not in perfect condition. (j) Sotheby’s offers the online only platform as a convenience to its clients and the online only platform shall be operated by Sotheby’s using reasonable care. Your updated bid is submitted by pressing ‘Continue to Confirm Bid’. Once you have set up a verified account, you will be able to submit a bid for a lot by entering your maximum bid and clicking the ‘Leave Bid’ button which appears at lot level on the online only platform. And while Sotheby’s only ever refers to the late owner of this collection as “the collector” due to client confidentiality, SJX revealed him to have been German billionaire Erivan Haub, heir to and … Insurance by the ‘seller’: (a) The ‘seller’ must agree with ‘Sotheby's’ in writing if it does not wish ‘Sotheby's’ to accept liability for loss or damage to any item delivered to ‘Sotheby's’, and undertake to maintain insurance cover for the item until the ‘buyer’ has made payment for the item in full. The maximum amount of compensation shall be the ‘hammer price’ of the lot, plus the ‘buyer’s premium’ and ‘overhead premium’ received by ‘Sotheby’s’, and shall exclude any indirect or consequential loss or damage. It finally sold for US$663,204, which was more than three times the low-estimate. Where possible in these Conditions of Business, Sotheby’s is referred to as ‘we’, ‘us’ and ‘our’, and actual and prospective buyers and sellers are, as applicable, referred to as ‘you’ and ‘your’. Please refer to the VAT and other Tax Information for Buyers section above for further information regarding VAT. BUYING AND SELLING WATCHES AT … 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. Conduct of, and bidding in, an online only auction: (a) Bidding opens at a specified amount (known as the ‘reserve’ below which the lot cannot be sold) and escalates in bid increments which are set out in the online sale information relating to the lot and which are determined at Sotheby’s discretion). In such circumstances, the ‘seller’ agrees to: (i) provide ‘Sotheby's’ with a copy of a certificate of insurance for the item and a waiver of subrogation by the ‘seller's’ insurer of all rights and claims which the ‘seller’ may have against ‘Sotheby's’, each in a form satisfactory to ‘Sotheby's’; (ii) indemnify ‘Sotheby's’ on demand against any claim for loss or damage in respect of the item, however such claim may arise and for all related costs or expenses. Vuoi soltanto vedere l'asta in diretta o anche partecipare ed offrire in asta? (b) If the Seller fails to comply with Condition 25(a)(i) above within 10 days of delivery of the item to ‘Sotheby's’, ‘Sotheby's’ shall assume liability for loss or damage to the item in accordance with the terms of Condition 24 from the following day, although ‘Sotheby's’ liability shall be limited to the excess (if any) of (A) the amount set out in Condition 24(c) over (B) any amount payable to the ‘seller’ under its own insurance plus any applicable deductible. We have absolute discretion to take and enforce any of the remedies set out in Condition 15 above including the right to cancel the sale and return the property to you. Prospective buyers or their agents wishing to do so should make an appointment with the Watch Department for a private view the week before the sale. The autumn auction of important watches realised an outstanding CHF 10,631,401 ($ 8,553,387), the highest total for a watch sale at Sotheby’s Geneva. 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