Conditions of Sale for Cahn Auktionen AG

Auction of Ancient Art

The adjudication of the lot is payable in Swiss currency immediately after the sale. A buyer’s premium of 20% on the hammer price is charged.

Delivery in Switzerland:

• In addition to this the Swiss VAT of 8% is charged on both the hammer price and the buyer’s premium.
• Exception: For lot numbers marked with a star, the Swiss VAT is charged only on the buyer’s premium.

Delivery abroad:

• The Swiss VAT on the hammer price and on the buyer’s premium is refunded after receipt of the official export papers provided by Swiss customs.

Foreign and Swiss customs, duty and other fees are borne by the buyer. It is the responsibility of the buyer to comply with Swiss and foreign exchange regulations. The organizer of the auction declines all responsibility for any consequences arising from contravention of such regulations. All objects have been checked by the Art Loss Register and are not reported as stolen.

Purchases will be dispatched in the buyer’s name and at his expense and risk as soon as possible upon receipt of full payment. An interest of 1.5% per month will be charged for delayed payments after 30 days. These conditions are valid for all objects included in this catalogue.

Objects that are not collected within 30 days after the auction can be stored in a warehouse without prior notification of the buyer and at his cost and risk.

Bidders and visitors are kindly requested to disclose their identity before the auction and to sign and register. The organizer of the auction reserves the right to ask for a banking reference or an other guarantee.

The descriptions given in this catalogue are all set out in good faith, nevertheless their accuracy cannot be guaranteed. The pieces are sold in the condition at the time of the acceptance of bid. All liability for any damage or loss during transportation is excluded. Insurance during transportation is at the buyer’s responsibility. Complaints regarding the authenticity of a piece or other substantiated complaints are to be made in writing to the organizer of the auction at its legal seat in 4142 Muenchenstein, Muenchstrasse 30, Switzerland within fourteen days after receipt of the purchased items and the latest 30 days after adjudication. Any other complaints are to be made in writing to the organizer of the auction within eight days after receipt of the purchased items and the latest 30 days after adjudication. ANY COMPLAINTS MADE LATER CANNOT BE CONSIDERED FURTHER.

Every buyer is personally liable for all purchases made; he cannot claim to act for a third party or person. The buyer is liable for any damages caused by delayed payments, in particular for currency and interest losses. A payment by cheque is only fulfilled by clearance of the respective bank. For each cheque, an additional charge of CHF 50.- applies

The sale will proceed in the order of the numbers of the catalogue, which can be modified by the auctioneer without giving reason. The highest bid goes to the buyer upon approval by the Gantleitung, the local auctioneer’s Basel authority. It is its discretion to accept a bid or to refuse it. The auction house reserves the right to refuse a bid without stating reasons. The auction house excludes any responsibility. Written bids will be adjudicated one step above the highest bid in the auction room.

Registering and/or written bids or bids at the sale imply unconditional acceptance of all conditions of sale. All bids will be carried out in good faith.

WRITTEN BIDS BELOW THE STARTING BID CANNOT BE TAKEN INTO ACCOUNT IN MOST CASES.

Orders must be received at least 24 hours before the sale in writing by fax with the enclosed separate order. Orders by post must arrive 4 days before the auction. Telephone bidding is only possible through our services calling at an agreed time during the auction sale. This service has to be confirmed by the bidder by a written order prior to the auction. The auction house declines all responsibility in case the bidder cannot be reached. No bids by e-mail are accepted.

The business is done at the place of auction in Basle, which is therefore the place of performance of the transaction and of the court of jurisdiction. The courts of the canton Basel-Stadt are exclusively responsible for all litigations between the buyer and the organizer of the auction sale. The buyer recognizes by his participation this exclusive right of the court of Basle-Stadt and of its jurisdiction. The auction and all consequent sales are held under Swiss jurisdiction excluding the Convention of International Sale of Goods (CISG). ALL PARTIES RECOGNIzE THE ExCLUSIvE CHOICE OF SWISS jURISDICTION WITH ANY MATTER ARISING FROM THE ORGANISATION AND PERFORMANCE OF THE AUCTION SALE.

In all other respects, the conditions are those customary for auction sales held in Basle.

The German version of the conditions of sale is definite and legally binding in the event of any disputes.