If the Lot(s) is sold prior to the Online Only Auction and RMS has not agreed in writing to this sale, the Lot(s) will then be considered “withdrawn” from the Online Only Auction by the Consignor, and the Consignor agrees to abide by clause 22, Withdrawn Lot(s), of these Conditions.7.2. Up to £______________________________ Hammer Price (as outlined and defined in the Online Only Auction Bidders’ Conditions of Business). Data Use: The Consignor agrees to allow RMS to use their personal information in accordance with RMS’ privacy policy. This site is protected by reCAPTCHA and the Google Anti-Money Laundering: The Consignor agrees to provide all information and assistance reasonably requested by RMS to comply with RMS’ internal anti-money laundering process and to comply with any and all anti-money laundering laws and regulations.34. RMS may, at its discretion (without any assumption of responsibility or duty toward the Consignor or the Buyer), take such steps to facilitate the reservation or transfer of any particular registration number as it thinks fit in order to assist the Consignor or Buyer, but strictly on the condition that no claim attaches to RMS for taking any such steps, whether arising out of RMS’ negligence or any other cause whatsoever.37. {{item.Collection}} 13.2. Lot(s) not marked as “no reserve” (or similar) are subject to a reserve set by the Consignor. 6.1. RM Sotheby's enjoyed an evening which saw £9.4 million-worth of outstanding cars go under the hammer in what was the company's 12th annual return to Battersea Evolution in London on 5 September.Proving once again that rare, modern-era supercars … 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. 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. 23. Are you registering as a company? If the Removal Deadline is not met, the Consignor will be required to pay RMS a daily storage fee of either (i) €25.00 plus VAT per Lot(s) in Europe or (ii) £20.00 plus VAT per Lot(s) in the United Kingdom until full payment and instructions for transport have been received. Price Upon Request. Drivers: The Consignor acknowledges and grants permission for RMS and its employees and agents to drive or move the Lot(s) from time to time before, during, or after the sale. 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 RM, or to unsubscribe to any services or purge your personal information from RM’s systems, please email privacy@rmsothebys.com.24. RM Sotheby’s hosted their first Online Only London auction with nearly 70 motorcars and a selection of mostly Ferrari automobilia on offer. Payment. 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. 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 RM has the sole discretion to do any one or any combination of the following:13.1. 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. If RMS rescinds the consignment of the Lot(s) in accordance with clause 5.3.1, the Inspection Report Fee becomes non-refundable and it is the Consignor’s responsibility to arrange and pay for transportation of the Lot(s). In the event a new or replacement battery costs more than £200.00 (or the local currency equivalent), RMS will charge the actual cost of battery plus £200.00 if the battery is replaceable by an RMS employee. Sign in to check out Check out as guest . 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. 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. RM is served with a lawsuit from a third party in relation to the Lot(s);16.4. The Consignor agrees to rely solely upon the Buyer for payment.6.5. 17. 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. Are you registering as a company? 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. 10. 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. 18.1.1. A Sotheby’s specialist will compare your property to similar items recently sold at auction. 12. Lot(s) Operation:13.1. Continuing a six-year track record of achieving fantastic results, RM Auctions' annual Battersea sale generated an incredible £14,266,030 ($23,039,638 USD) in sales, with an impressive 84 percent of total lots sold before a packed house in central London. 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 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. Consignors agree that they are making use of the Online Only Auction at their own risk and that the Online Only Auction is being provided to the Consignors on an “AS AVAILABLE” and “AS IS” basis. 18.1. 6.10.1. 12.4. 6.10. Lot(s) Under Temporary Import:37.1. RM will receive a Buyers’ Premium of 10% on all motor car lots.8.4.2. If you wish to ask any questions regarding the use of your personal information, request a full accounting of what personal information is on file with RMS, unsubscribe to any services, or purge your personal information from RMS’ systems, please email privacy@rmsothebys.com.33. Should the Consignor decide for the Lot(s) to remain in Europe when purchased, the Buyer is responsible to pay any and all import fees for the Lot(s).38. Evolving from a small connoisseurship program started by Sotheby’s Auction House in 1969, Sotheby’s Institute is now the foremost leader … The Consignor warrants that the Consignor is the sole owner of the Lot(s), and that the Consignor has full right and authority to sell the Lot(s) (“Ownership”).8.3. If already settled, the Consignor must pay RMS directly.30. It is the absolute requirement of the Consignor that they provide any and all titles, registration documents, or appropriate documents evidencing ownership and/or government registrations (such as Purchase Agreements and Bills of Sale) (“Titles”) to the Lot(s) to RMS prior to the Online Only Auction of the Lot(s).8.2. The arbitration shall be administered by JAMS pursuant to its Comprehensive Arbitration Rules and Procedures or pursuant to JAMS’ Streamlined Arbitration Rules and Procedures. User 5.3.2. Enter the email address associated with your rmsothebys.com account. 10. Francis Bacon. As the Consignor’s Lot(s) could be shipped to a location where below-freezing temperatures are a possibility, it is the Consignor’s responsibility to ensure that, within the last 6 months, they have winterized their Lot(s) for shipping in freezing temperatures. If RMS has reason to believe or is notified that the (i) Consignor’s breach of the Contractual Obligations, (ii) alleged breach of the Contractual Obligations, (iii) Consignor’s actions could potentially cause RMS liability, and/or (iv) Buyer raises concerns regarding the Lot(s) description within the Twenty Day Window (defined below) as outlined in clause 12 (“dispute”), RMS, at its sole discretion, may withhold payment to the Consignor until the dispute has been resolved; further, RMS may deduct any sums that are due to it from the sum held.7. If the Buyer of a Lot(s) resides in an American state, in an effort to ensure all titles are free and clear of liens or encumbrances, RM manages the process of title reassignment on behalf of the Buyer. The Consignor agrees to accept sole responsibility and liability for any written statements (in any and all mediums) made by RMS that accurately repeat the information supplied by the Consignor as to the originality, character, features, condition, correctness, authenticity, or history of the Lot(s), and also to indemnify, defend, and hold RMS harmless from any claims that may be made with respect to any such written statement (in any and all mediums).11.2. RMS’ contractual relationship with the Consignors is governed by:1.4.1. RMS agrees to receive the Lot(s) in trust and agrees not to permit its use for any other purposes, other than those contained in these Conditions, without the express written consent of the Consignor.3. 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 Weekly Edit: Fine Jewels | London. If the Buyer of a Lot(s) resides in the EU, according to the EU VAT Directive, motor cars that have been in use for no more than 6 months or that have been driven for no more than 6,000 kilometers are considered new means of transport and will be subject to VAT. Title, Registration Documents, and/or Appropriate Documents Evidencing Chain of Ownership to Lot(s):8.1. Contemporary Art | London - Online Auction. If any damage occurs because the Consignor did not properly winterize their Lot(s), it will be the Consignor’s responsibility to cover the damages, and RMS may recoup these damages from the Consignor’s settlement. Introduction:1.1. The Buyer agrees to indemnify, defend, and hold RM harmless from any claims that may be made with respect to any Buyer-alleged damages or liability, including but not limited to travel expenses, repair expenses, and inspection expenses in any way related to actions taken in accordance with clause 3. As part of the Online Only Auction sale process for each Lot(s) consigned, an RMS representative will perform an inspection and produce an Inspection Report to be made available to prospective bidders along with the relevant description of the Lot(s) as the case may be (“Inspection Report”). Lot Closed Contact As used in these Conditions, a “sale” occurs between the Consignor and the Buyer when the hammer or equivalent device or mechanism drops on the Hammer Price or when the time expires on a time-based online auction or when the auctioneer awards the Lot(s) to the highest Bidder, provided the Consignor is able to receive at least the net reserve price, defined as reserve price minus Sellers’ Commission as agreed in the Consignment Agreement package.6.3. Deduct the Purchase Price plus applicable taxes from the Bidder’s cash deposit and/or charge the Purchase Price and applicable taxes to the credit card that the Bidder has provided. ... Sotheby's London, New Bond Street. Bid update and other notification functionality may not occur in real time. 12.6. Any dispute, claim, or controversy arising out of or relating to these Conditions of Business or the breach, termination, enforcement, interpretation, or validity thereof, including the determination of the scope or applicability of these Conditions of Business to arbitrate, shall be determined by arbitration in London, United Kingdom, before one arbitrator. Occasionally, RMS may own a Lot(s) (and in such circumstances, acts in a principal capacity as the Seller) and/or may have a legal, beneficial, or financial interest in a Lot(s) as a secured creditor or otherwise.2. Buyers of all non-motor car lots, including but not limited to memorabilia, motorcycles, boats, trailers, jewelry, and clothing, are required to pay RMS a Buyers’ Premium of 20% on the Hammer Price of those particular lots.8.3. Visit Sothebys.com. 18.2. The Title Fees will be deducted from the Consignor’s proceeds of sale. For further details on requirements to bid, please contact a client services representative at clientservices@rmsothebys.com.7. If there is a discrepancy, contradiction, or question of interpretation in a description for a Lot(s), online or otherwise, between the English version of the description and a version produced in a language other than English, the English version will supersede. 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 collection features the designer’s handpicked range of 14 artworks. RM faces significant reputational damages that would cause monetary damages for selling the Lot(s); 16.5. _____________Bidders’ InitialsIf any dispute arises after the sale wherein an RM Car Specialist bid on behalf of a Bidder during the Online Only Auction, the Bidder acknowledges that RM will not be held responsible for any errors or omissions in connection with the calling/displaying/accepting of bids.________________________________ Date____________________________________Signature of Bidder. Browse Christie's upcoming auctions, exhibitions and events. This agreement is an important legal document. Title Transfer. Sotheby’s Restaurant is a vibrant and contemporary restaurant set in the heart of Sotheby's Bond Street auction house. Lot(s) subject to temporary importation restrictions cannot be discharged from RMS’ custody without the completion of customs procedures and until full payment has been received. Material issues regarding the Title, registration, or transfer of Ownership that cannot be reasonably cured;17.6. Live Auction Paul Destribats : une bibliothèque des Avant-gardes, partie III The auction on Tuesday, July 28, 2020, of 70 artworks, from the 17th century to the present day, will be live-streamed from Sotheby's London. Bidding throughout the sale was a result of 35% new bidders representing no less than 38 countries. Please send all concerns to legal@rmsothebys.com. 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. 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. Once you have satisfied the Bidder Registration Requirements, you will be able to place bids against Lot(s) at the auction. RM is registered to collect/remit sales tax in the following states: California, Florida, Indiana, Pennsylvania, Arizona, New York, and Michigan. If the RM Removal Deadline is not met, the Buyer will be charged a daily storage fee of either (i) €25.00 plus VAT per Lot(s) in Europe or (ii) £20.00 plus VAT per Lot(s) in the United Kingdom until the Lot(s) is removed.19.3. The Bidders agree to allow RM to use their personal information in accordance with RM’s Privacy Policy. Auction Results. Such functionality is subject to delays beyond RM’s control. Sothebys London Auction Catalog 10/30/92 Applied Arts From 1880 Constant. (Clauses 3 to 3.2.1 together are “Twenty-Day Window”)4. 5.4. If any dispute arises after the sale, RM’s sale record is conclusive. **Please note that the applicable Buyers’ Premium will apply. Sotheby’s London Auction of African Art Moves Online, as U.K. Issues Covid-19 Lockdown. If a bid placed by another bidder exceeds your bid, you will be notified via the email address you provided during registration, and the webpage of the Lot(s) will indicate you have been outbid.6.8. Old Master Sculpture and Works of Art - Online Auction. 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. This document shall be binding upon the parties and their respective heirs, personal representatives, and assigns. 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. High Bid: {{item.CurrentBid}} Please note that even if a Bidder has satisfied and/or met some or all of the Bidder Registration Requirements for previous RM auctions, all Bidders will be required to satisfy and/or meet the Bidder Registration Requirements for the auction specifically prior to being accepted to bid.6.4. Privacy Policy and Personally tailored emails from RM Sotheby's are just a few clicks away. 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 undisclosed material issue, or having a similar claim, RM 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 RM deems the Buyer’s claims to be valid. Packing and Shipping. Consumer Protection Rights. Proceeds to Consignor:6.1. Services: RMS agrees to act as an agent for the Consignor and to provide Online Only Auction services, including but not limited to support staff, event advertising, and promotion. RM SOTHEBY’S ENTERS VETERAN CAR RUN HISTORY, Driving the Future: Norman Dewis on Developing the E-Type, True Veteran: The Oldest Vintage Car Run in the World, Out-Shadowing the Past: An All-New Allard, Fortune Favors: Formula 1’s Luckiest Driver Puts His Prized Ferrari F40 up for Auction, An American in London: 1928 Chrysler Shows off at London Fall, Exhaust Notes: Quick Takes on Sports Car Highlights for London Fall. The Online Only Auction is scheduled to take place in the month of October 2020 and will follow a timed-auction format. 19th and 20th Century Sculpture - Online Auction. 5.3. 11. Credit Card Hold. Bidder Due Diligence Responsibilities. Nothing in this clause 28 shall affect any Buyer(s) legal rights that shall apply against the Consignor as a result of any applicable laws.28.1. By agreeing to these Conditions of Business, you are agreeing to be bound by these Conditions of Business for both RMS and RMA auctions. 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