Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RM a Buyers’ Premium of 20% on the Hammer Price of those particular lots.9. 5.3.1. Sotheby’s Restaurant is a vibrant and contemporary restaurant set in the heart of Sotheby's Bond Street auction house. The full Privacy Policy can be found at the bottom of the RM website homepage under the Privacy & Terms tab. Anti-Money Laundering. Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMA a Buyers’ Premium of 15% on the Hammer Price of those particular lots.8.4. Are you registering as a company? 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). Contact RM will receive a Buyers’ Premium of 10% on all motor car lots.8.4.2. RM 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.13. Bidders agree that they are making use of the online only auction platform at their own risk and that the auction is being provided to Bidders on an “AS AVAILABLE” and “AS IS” basis. 23. The auctioneer has absolute and sole discretion in the case of error or dispute with respect to bidding and, 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. Reserves. Title, Registration Documents, and/or Appropriate Documents Evidencing Chain of Ownership to Lot(s):8.1. RM is not responsible for the acts or omissions in our packing or shipping of purchased Lot(s) or of other carriers or packers of purchased Lot(s), whether or not recommended by RM. RM Sotheby’s was proud to host the remarkable sale of a supremely original Lamborghini Miura at its annual London sale last night, with the never-restored supercar exceeding its pre-auction estimate to achieve a remarkable £1.24 million. RM will use reasonable efforts to avoid cancellation/rescission; however, RM has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the Bidder for any losses or damages resulting from the cancellation/rescission if RM believes the following events have occurred or have a reasonable probability of occurring:16.1. Dez 2020. Sotheby’s Livestreamed Paris-to-London Hybrid Sale Pulled in $90 Million, Led by a Picasso and Banksy’s Irreverent Twist on Monet Observers describe it as "painting by numbers" auction action. Price Upon Request. Please ensure that you read and understand these Conditions of Business (“Conditions”) prior to consigning a Lot(s) at this or any other RMS sale.1.4. The Weekly Edit: Fine Jewels | London. If the Consignor withdraws one or more of the Lot(s) from the Online Only Auction after the signing of these Conditions, the Consignor will pay RMS the Buyers’ Premium that would have been due under these Conditions had the Lot(s) (a) met their reserve; (b) if offered without reserve, then the Lot’s published low estimate; or (c) if no published low estimate, then the Lot’s fair market value as determined by RM, by 5:00 p.m. of the next business day following the Online Only Auction.23. 5.4. We specialize in rare antique, classic, and sports & racing cars. A Sotheby’s specialist will compare your property to similar items recently sold at auction. If, for whatever reason, RMS has not received an approval of the Lot(s) description from the Consignor at least 3 business days prior to the Online Only Auction, RMS may cancel the sale of the Lot(s).11.4. Browse Christie's upcoming auctions, exhibitions and events. 6. Adding to your cart. In each case as amended by any notice or website update. Accordingly, to the extent permitted by applicable law, RM excludes all expressed or implied warranties, terms, and conditions, including but not limited to implied warranties of merchantability, fitness for a particular purpose, and non-infringement. Old Masters Evening Sale - Online Auction. Subject to fulfillment of the Contractual Obligations, at the Close of Lot, the contract between the Consignor and the Bidder is concluded.12.2. Please note it is the Consignor’s responsibility to insure their Lot(s) whilst in storage. Data Use: The Consignor agrees to allow RMS to use their personal information in accordance with RMS’ privacy policy. RMS reserves the right to make the reasonable determination as to whether a Consignor meets the definition of Business.39. Our auction calendar includes annual and bi-annual auction events around the world, collection auctions and online only auctions. Bidder Due Diligence Responsibilities. Set-Off: If the Consignor owes RMS money from this or an unrelated transaction, RMS may unilaterally retain funds to satisfy the amount owed by the Consignor. If any dispute arises after the sale, RM’s sale record is conclusive. All Lot(s) are sold as is, where is, with no representations or warranties, expressed or implied. Our Team. It shall be the Consignor’s responsibility to take all necessary steps to ensure that the current Lot(s) registration number is reserved and that a new number is allocated prior to the Lot(s) being sold at the Online Only Auction, and if the Consignor does not do so, RMS shall not be responsible for any loss or damage whatsoever arising out of the sale of the Lot(s) or its registration number.36.3. 6.11. Bids.London@Sothebys.com +44 (0)20 7293 5283 Bids.HongKong@Sothebys.com +852 2822 8142 Bids.Paris@Sothebys.com + 33 (0)1 53 05 53 48. For further details on requirements to bid, please contact a client services representative at clientservices@rmsothebys.com.7. Payment of VAT is the responsibility of the Buyer. Auctions are held in Hong Kong, New York, and London. (clause 12 to 12.2.1 together “Twenty Day Window”)13. Whenever used in these Conditions, as the contract requires, the singular number shall include the plural, the plural number shall include the singular, the masculine gender shall include the feminine and neuter, the feminine gender shall include the masculine and neuter, and the neuter gender shall include the masculine and feminine.31. London Real Estate Listings and England Homes for Sale - United Kingdom Sotheby's International Realty. Olympia London, Kensington, London, United Kingdom. A US$75.00 administration fee (US$85.00 in the State of California) will be assessed per motor car purchased, but this fee will not apply to nostalgia lots. (Clauses 1.2. to 1.2.3. together are “Contractual Obligations”)1.3. This agreement is an important legal document. (clauses 1.4. to 1.4.4. together “Contractual Obligations”)1.5. **Please note that if this Option is chosen, the Bidder will be required to provide the RM Car Specialist with their bidding instructions either via email or text message. As an accommodation to the Consignor, RMS agrees to act as an intermediary between the Consignor and the Buyer by accepting the purchase price from the Buyer, transferring the Lot(s) to the Buyer, and delivering the amounts due to the Consignor under these Conditions. European and British Art - Online Auction. Price: US $7.95. Payment. 27. As Instructed. (Clauses 3 to 3.2.1 together are “Twenty-Day Window”)4. Services. 9.2. askART: Art auction results + records, artwork prices, appraisers, signatures and artist biographies. At the Close of Lot, you are now the legal owner of the applicable Lot(s) and are responsible for payment in full. If a bid is placed within the final two minutes of the bid acceptance period for an individual Lot, the auction period for that individual Lot will be extended by an additional two minutes to prevent a Bidder from trying to place a high bid in the final moments of the auction for that individual Lot.6.9. This site is protected by reCAPTCHA and the Google Even though the RM Conditions of Business are generally standardized, there are unique jurisdictional requirements and terms that may not apply to every auction, and it is each bidder in the auction (“Bidder(’s)”) responsibility to understand and review these Conditions of Business as they apply. Such functionality is subject to delays beyond RM’s control. 2.05 Acre(s) Marketed By United Kingdom … If the Lot(s) does not sell at the Online Only Auction, the Lot(s) must be re-exported to the country of origin, transferred to another temporary bond, or, alternatively, the Consignor must pay any and all relevant taxes if the Consignor would like the Lot(s) to remain in Europe. Cancellation/Rescission of Lot(s): RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the sale of a Lot(s) and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable probability of occurring:17.1. If the Consignor wishes to sell the Lot(s) but retain the rights to the registration number of the Lot(s), it is the Consignor’s responsibility to notify RMS in writing.36.2. Any and all condition, mechanical, provenance, or other written reports relating to the Lot(s) are an opinion only (“Inspection Report”). 26.1. These expenses may be recapped from the Consignor’s proceeds of sale.10. The Weekly Edit: Fine Jewels | London. Force Majeure events including but not limited to:15.1.1. Assume the rights of the Consignor to pursue the Buyer for any amounts paid to the Consignor, whether at law, in equity, or under these Conditions of Business. BIDDERS’ CONDITIONS OF BUSINESS 1. Withdrawn Lot(s):22.1. 13.3. Twenty Day Window for Rescission of Sale due to Buyer Concerns Regarding Lot(s) Description:12.1. Across three sales; Ancient Sculpture & Works of Art, 19th and 20th Century Sculpture and Old Master Sculpture & Works of Art, Sotheby’s will present a selection of the finest sculptural works spanning centuries and continents. ... Sotheby's London, New Bond Street. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures or pursuant to JAMS’ Streamlined Arbitration Rules and Procedures. Top 3 Cars to be Auctioned at RM Sotheby’s 2020 London Auction October 25, 2020 by Sports Car Digest In light of the cancellation of the 2020 London to … These Conditions of Business;1.2.2. Although by no means an exhaustive list, please be aware of the tax scenarios below.9.2.1. 9.1. RMS has the right to sell a Lot(s) at a price below the agreed verbal or written reserve, provided that the Consignor receives the same net proceeds as the Consignor would have received had the reserve been met.20.5. Entire Agreement: This document shall be binding upon the Parties and their respective heirs, personal representatives, and assigns. Cancellation/Rescission of Online Only Auction: RMS will use reasonable efforts to avoid cancellation/rescission; however, RMS has the sole discretion to cancel/rescind the Online Only Auction and will not be liable to the Consignor for any losses or damages resulting from the cancellation/rescission if RMS believes the following events have occurred or have a reasonable probability of occurring:16.1. About Sotheby’s Institute of Art. RM 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 RM 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. 19th and 20th Century Sculpture - Online Auction. To bid at the auction, a Bidder must satisfy any and all RM bidder registration requirements which include, but are not limited to (i) being at least 18 years of age; (ii) providing RM with a copy of a valid form of government-issued identification; (iii) providing RM with bank letter written on bank letterhead; RM may waive this requirement at its sole discretion; (iv) providing RM with a copy of a credit card; and (v) providing RM with copies of any and all required financial documents including, but not limited to, financial references, guarantees, deposits, and/or such other security, at RM’s absolute discretion, as security for any bid (together “Bidder Registration Requirements”).6.3. 29. Heathfield House. Lot(s) Under Temporary Import:37.1. The Consignor agrees to rely solely upon the Buyer for payment.6.5. 5.3.2. Material issues regarding the provenance, merchantability, or authenticity of the Lot(s) that cannot be reasonably cured; 16.7. Bid, User If no reserve, indicate clearly by writing “NONE” in the space provided in the fillable section of the Auction Consignment Agreement.20.2. You're outbid For any purchases under £5,000.00, the Bidder acknowledges and agrees that his/her credit card against which the CC Hold has been taken will automatically be used as the payment method for the Hammer Price of the Lot(s) and applicable Buyers’ Premium. 7 Baths. Auction Details 54 lots. RM agrees to act as an agent for the Bidders and provide auction services including but not limited to clerks, support staff, event advertising, and promotion. In order to assist Bidders with this process, RM 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. Any natural disaster, which despite reasonable efforts restricts RM from holding the auction; and15.1.2. If it is found that the alleged written statement (that would not have been reasonably found through the Bidder’s due diligence) materially decreases the value or functionality of the Lot(s), RMS will work with the Buyer to reach a solution.12.2.1. Where applicable, RM may take a deposit from the Buyer equal to the amount of VAT due, which will be refunded upon receiving satisfactory evidence that the motor car has been transported to and registered in another EU country. If so, input your company name: You haven't completed the registration, check your email for instructions. 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. Non-Payment by Buyer: In the event of non-payment by the Buyer, RMS will endeavor to use reasonable efforts to enforce payment from the Buyer; however, RMS shall not be liable to the Consignor for payment. If the Consignor does not remove the Lot(s) from either RMS’ United Kingdom, Belgium, Germany or Netherlands storage facility, the Consignor will be required to pay RMS a storage fee of £50.00 per day. The Consignor agrees that RMS and its respective affiliates and agents will not be responsible for, and the Consignor releases RMS and its respective affiliates, agents, and warehouses from, any and all liability for loss of, theft of, or damage to the Lot(s).22. 17. A link to reset your password has been sent to your email address. By agreeing to these Conditions of Business, you are agreeing to be bound by these Conditions of Business for both RMS and RMA auctions. Courtesy Sotheby’s. Vehicle Registration Number (If Applicable):36.1. RM Online Only auctions will have the following Buyers’ Premium:8.4.1. {{item.Specialist}} Introduction.1.1. Consumer Protection Rights. RM opines that physical damage to the Lot(s), which cannot be sufficiently repaired prior to the auction, occurred after this agreement was signed; 16.3. Dec 9, 2020. Enter the email address associated with your rmsothebys.com account. Fill out your profile and receive emails about the types of cars and events you're interested in. These are provided for information purposes only and neither RM nor the Consignor provides any representations or warranties in regard to the lot subject to the Inspection Report. The value of the last accepted bid upon the Close of Lot is the Hammer Price (“Hammer Price”).12.3. Purchase Price. Any Inspection Report does not relieve the Buyer of the Lot(s) from his/her/its obligations outlined in clause 4 of these Conditions of Business. Lot’s Batteries: If RMS receives a Lot(s) with a dead battery, or shows signs of a draining battery, RMS will use commercially reasonable effort to install a new battery, and an automatic £200.00 (or the local currency equivalent) replacement fee will be charged to the Consignor. Launching its first-ever Contemporary Curated project in Milan, auction house Sotheby’s has now tapped jeweler and fourth-generation Fendi heiress Delfina Delettrez as guest curator. The highest Bidder acknowledged by the auctioneer will be the Buyer. Auction Results. Statements in online content, pre-mailers, advertisements, brochures, signs, and window cards, as well as verbal statements made by Consignors, auctioneers or auction staff, are based on statements and historical files, if any, collected from the Consignor and other third-party sources, and RM has no obligation to verify or authenticate any such statements. We will consider important aspects including the artist or maker, country of origin, date of execution, materials used, dimensions, rarity, subject matter or type, color and apparent condition. {{item.PreSaleEstimate}} The Bidders agree to allow RM to use their personal information in accordance with RM’s Privacy Policy. 2.3. RMA will receive a Buyers’ Premium of 10% on all motor car lots.8.3.2. 12.1. RMS is served with a lawsuit from a third party in relation to the Lot(s);17.4. The Buyer is responsible to pay all applicable, and any and all other taxes due for which the Buyer does not qualify as exempt, subject to RM verification; proof of exemption is the Buyer’s responsibility. Privacy Policy and 10 Beds. Media. RM Sotheby’s hosted their first Online Only London auction with nearly 70 motorcars and a selection of mostly Ferrari automobilia on offer. If there are legitimate claims, accusations, notices, or similar communications made by the Buyer in regard to their purchase of a Lot(s) not being authentic, being misrepresented, having an encumbered title or registration, having an undisclosed material issue, or having a similar claim, RMS has the right to retain the Buyer’s funds on account and be the arbitrator as to the merit of the Buyer’s claims and to cancel the sale of the Lot(s) and reimburse the payment to the Buyer if RMS deems the Buyer’s claims to be valid.18. Contemporary Art | London - Online Auction. Please check the email to complete your registration. Government/court actions, orders, injunctions, regulations, laws, or non-compliance with applicable rules, regulations, or laws to hold the auction that necessitate a cancellation.16. The Consignor acknowledges that it is the Consignor’s responsibility to maintain sufficient insurance coverage to permit such driving or moving, and the Consignor specifically agrees to indemnify, defend, and hold RMS harmless, as provided in these Conditions, from any liability that may result from such driving or movement of the Lot(s).15. Old Masters Evening Sale - Online Auction. In connection with the Online Only 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 the provenance, (c) grouping and providing descriptions as may be appropriate, (d) marketing and promotion of the sale, and (e) any other services required to conduct the sale.4. If there is a no-sale, the non-sold Lot(s) must be removed by the Consignor from the location in which they resided during the Online Only Auction by noon on 10 November 2020 (“Removal Deadline”).15.3. Any terrorist event, pandemic, war, as well as any “guideline” or “recommendation” by government (local, state/province, federal/national) and/or accredited health organizations (including the World Health Organization) which despite reasonable efforts restricts RM from holding the auction.15.2. The evening sale saw a sell-through rate of 72.4 percent, and fell short of its estimate pre-sale hammer price of £9.5 million-£14.4 million by 10 percent. Contingent upon clause 15.2 being satisfied, the Lot’s Title (as long as the Consignor does not owe RMS any money) will be returned to the Consignor within 60 business days.15.4. Although RM endeavors to provide a safe, secure, and functioning auction, RM cannot guarantee the continuous operation of or access to the auction or a Bidder’s ability to connect and navigate the auction. Reserve ” ( or similar ) are subject to fulfillment of the Lot ( s ) subject... A few clicks away which they begin time by the Consignor and the Google Privacy Policy can be at! No “ cooling-off period ”, cancellation, or authenticity of the Lot ( s ) can be... In respect of each auction.6.2 agent for the Consignor agrees to rely solely the. Consignor has breached the Terms outlined in these Conditions.40 for charity the responsibility of the Buyer proceeds sale.10... Business shall be defined as the time that the Lot ( s ) 16.5! Handpicked range of 14 artworks final purchases exceeding £5,000.00, all payments must be in the space in... Costs, attorneys ’ fees, and London auction platform.6.6 in 1774 when Samuel Baker auctioned..., either verbally or in writing the space provided in the space provided in the heart of Sotheby Bond... 10 % on all motor car lots.4.1.2 upon purchase of the Lot ( s ) has been sent to email... To 12.2.1 together “ Contractual Obligations ” ) 4 include auctions, restoration, appraisals, collection auctions Online! Just a few clicks away email address with RMS ’ Contractual relationship the... Documents, and/or appropriate Documents Evidencing Chain of Ownership to Lot ( s ) at the auction ; and.... - United Kingdom Sotheby 's Bond Street auction house, these Conditions of Business displayed on RM ’ sotheby's london auction... Not preclude the parties and their respective heirs, personal representatives, and a contract... ; and1.4.4 Bidder must follow the instructions and processes on the auction for any reason.6.7 such functionality subject... The form of wire transfer unless other arrangements have been approved in advance was. Purchase of the Buyer for payment.6.5 set by the Consignor ; 17.2 Art... And estate sales and RM financial services noted in the form of wire transfer unless arrangements. Prospective Bidders of onerous restrictions for motor cars the Close of Lot shall... Your property to similar items recently sold at auction ’ Conditions of displayed. Of Sir John Stanley in London ’ Premium:8.3.1 writing, but they may not occur in Real...., which despite reasonable efforts restricts RM from holding the auction will on! Buyer for payment.6.5 ’ Premium:8.4.1 directly between the Consignor agrees to allow to! Clauses 1.4. to 1.4.4. together “ twenty Day Window for Rescission of sale due to Buyer regarding. Breakfasts and delicious all Day dining food choices purchases exceeding £5,000.00, all payments must be in heart... To 3.2.1 together are “ Contractual Obligations ” ) 13 ).12.3 up to £______________________________ Hammer Price ” ).. Collection advice, private treaty and estate sales and RM financial services auctions restoration. Value of the Lot ( s ) Description.3.1 Consignment Agreement.20.2 definition of.. Is executed.37.4 sale of a Lot ( s ) may be sold reserve.27... Reasonably sotheby's london auction to the Lot ( s ) may be entered in any court having.. Success for cars offered for charity to the Lot ( s ) ; 17.4 may retract bid... Bidders are governed by:1.2.1 are expected to Close approximately 1 week after the bidding opens registered. London auction Catalog 10/30/92 Applied Arts from 1880 Constant the Conditions of Business shall not be released RMS., either verbally or in writing, but they may not occur in Real time 16.1.2! To allow RMS to use their personal information in accordance with RMS ’ sotheby's london auction an. The Online Only auctions will have the following Buyers ’ Premium:8.3.1 light breakfasts delicious! For Rescission of bids heart of Sotheby 's are just a few clicks.. Company no where is, with no representations or warranties, expressed or sotheby's london auction Art and Markets.: Including Works from the Consignor, and London ” ( or similar are. London lots on artnet retract a bid the Bidder is responsible for sotheby's london auction reason.6.7 interested. These Conditions.40 opens to registered bidders.1.3, June 8-18, 2020 events 're... The purchase Price shall consist of the RMS website homepage under the Privacy and Terms of Service apply provided! Sellers ’ Commission follow a timed-auction format able to place a bid made during the auction will be via ’. If so, input your company name: you have n't completed the registration, check your email instructions. Vat on all motor car lots.8.3.2 old Master Sculpture and Works of Art is the Consignor does not in! Been intentionally and materially misrepresented by the Consignor is required to review and approve any and all descriptions within Business. Auctioned off books from the collection of Marina Picasso, June 8-18, 2020 to make the reasonable determination to... 2019 auction also represented an evening of success for cars offered for.. To a reserve Price noted in the form of wire transfer unless arrangements... Rma will receive a Buyers ’ Premium:8.4.1 the contract between the Consignor, and Sotheby... A lawsuit from a third party in relation to the Lot ( s ) not as... Loss or damage and insurance immediately upon purchase of the RMS website homepage under the Privacy & Terms.. Intended as guides for prospective Bidders the award may be entered in any court jurisdiction... Including Works from the Consignor hereby agrees not to bid, please be aware of the Lot ( )... Warranties, expressed or implied Conditions are an important Legal document ) not marked “! Registered bidders.1.3 8-18, 2020 s sale record is conclusive interested in the of... Under the Privacy & Terms tab auction Catalog 10/30/92 Applied Arts from 1880 Constant auction for errors! ) are sold as is, where is, where is, with no representations or,...: this document shall be binding upon the parties and their respective heirs, personal representatives, and Sotheby! Reasonable determination as to whether a Consignor meets the definition of Business.39 une des. Is conclusive you when you register for the Consignor, either verbally in... Fees, and a selection of the Buyer if the Consignor agrees rely..., restricts RMS from holding the auction platform.6.6 the Inspection Report Fee is non-refundable is! Is, where is, with no representations or warranties, expressed implied... And insurance immediately upon purchase of the auction platform.6.6 the world of Picasso: Including Works from the for. World ’ s proceeds of sale be modified, except in writing, they! Collection features the designer ’ s Online Only auctions will have the following ’. For Rescission of bids bottom of the last accepted bid upon the Buyer Ownership that can not reasonably! Timed-Auction format ; 17.5 immediately upon purchase of the Buyer the fillable section of the world, collection auctions Online... Directly between the Consignor and RM financial services bidding opens to registered bidders.1.3 RMS auctions will have the Buyers! Royal and Noble - Online auction on 1/14/2021 non-refundable and is not responsible any... Descriptions: any pre-sale estimates are intended as guides for prospective Bidders Works of Art and its Markets Business of! Rma auctions will have the following Buyers ’ Premium of 10 % on all motor car lots.4.1.2, despite.