CLASSIC CARS : THE SUMMER SALE

CLASSIC CARS : THE SUMMER SALE

Public exhibition :

Espace Champerret

6, rue Jean Oestreicher - 75017 Paris

Friday, June 24: 2pm - 7pm

Saturday June 25: 10am - 7pm

Sunday June 26: 9am - 12pm

Department Director :

Gautier Rossignol

+33 (0)1 47 45 93 01

+33 (0)6 16 91 42 28

rossignol@aguttes.com

Specialists :

Hugo Baldy

+33 (0)1 47 45 93 01

+33 (0)7 60 78 10 18

baldy@aguttes.com

Paul-Emile Coignet

+33 (0)4 37 24 24 23

+33 (0)6 68 36 26 22

coignet@aguttes.com

Consultant :

Raphaël de Serres

+33 (0)6 07 18 64 83

deserres.consultant@aguttes.com

It is stipulated that Claude Aguttes SAS acts as an agent and solely on

behalf of the seller. The sales agreement for the goods presented for sale

at public auction is entered into exclusively by the seller and the buyer. The

relationship between Claude Aguttes SAS and the buyer is subject to the

present general conditions. On no account may Claude Aguttes SAS be held

responsible for any error made by either the seller or the buyer. The sale will

be held strictly on a cash basis and conducted in Euros. In addition to the

hammer price for the lot, the buyer will pay the following costs:

CARS

• 15% before tax + VAT at the current rate, i.e. 18% including tax up to €500,000

• 12% before tax + VAT at the current rate, i.e. 14.4% including tax over

€500,001

• 10% before tax + VAT at the current rate, i.e. 12% including tax over

€1,000,001

AUTOMOBILIA :

• 20% before tax + VAT at the current rate, i.e. 24% including tax

SPECIAL CONDITIONS

+ Lots sold during a court-ordered sale following a court ruling: buyers’ fees

of 14.28% including tax

° Lots in which the auction house or one of its partners has a financial interest

* Lots which have been temporarily imported and are subject to a buyer’s fee

of 5.5% (20% for jewelry, motorcars, wines and spirits and multiples – F1

helmet) in addition to the hammer price and sale fees.

# Lots which may be viewed only by appointment

~ Lots made from materials of animal origin. Import restrictions are to be

expected.

STORAGE AND DELIVERY AFTER THE SALE

Collection during The Summer Sale 2022: An email will be sent the day after

the sale to each purchaser indicating the contact, the place and the amount

to be paid to recover his vehicle.

Vehicles will be stored on the evening of the sale at 25 kilometers from Paris.

They may be collected from Tuesday following the sale on appointment, after

the hammer price and all fees have been settled.

• From lot 7 to 78 included: Buyers will be charged, in addition to the

hammer price and fees, a fixed sum of €300 before tax covering parking

and shipping of the car. Aguttes SAS will not be liable for any incidents

which may occur during the transfer.

• Lot 1 and 6 included: Buyers will be charged, in addition to the hammer

price and fees, a fixed sum of €150 before tax covering parking and

shipping of the car. Aguttes SAS will not be liable for any incidents which

may occur during the transfer.

• From Wednesday the 29th of june included, the cost of parking will be €35

+ VAT per day, each day started being due in full, to be paid when the

vehicle is collected. Neither the auctioneer nor the expert shall be deemed

responsible for storage of the vehicle in any way whatsoever. As soon as the

hammer has fallen, the lot will be the sole responsibility of the successful

bidder. The buyer will be personally responsible for insuring his or her

purchases, and Claude Aguttes SAS declines any responsibility for any

damage to the lot which may occur to these goods, with immediate effect

from the hammer falling. The lots will be delivered to the buyer in person or

to a third party designated by him/her and to whom he/she will have given

an original written authorization and a copy of his/her proof of identity.

VALUE ADDED TAX (‘TVA’)

The amount of Value Added Tax (‘TVA’) corresponds to the current rate,

i.e. 20%, and is included in the hammer price. The 3% VAT on this tax may

be recovered by French professional buyers and reimbursed to buyers

from outside the European Union (EU) upon presentation of the supporting

documentation for export outside the EU or, for a professional purchaser

with an intra-community VAT number, a document proving delivery in an

EU member state.

MISCELLANEOUS

French cars which are more than 75 years old at the time of the sale and

with a value exceeding €50,000 require an ‘export passport’ (‘passeport

d’exportation’) to leave French territory and an export licence to be taken out

of Europe. These procedures will take an additional period of approximately

three months for the ‘export passports’ and a further month for the export

licences. The buyer will be personally responsible for insuring his/her

purchases with immediate effect from the time the hammer falls.

GUARANTEES REGARDING THE GOODS FOR AUCTION AND SPECIFIC

PROVISIONS PERTAINING TO CLASSIC CARS

1°/ The sale will follow the order in the catalogue.

2°/ In accordance with the law, the information provided in the catalogue

is the responsibility of Claude Aguttes SAS and its expert, taking into

account any corrections announced when the lot is presented and noted

in the record of the sale. Attributions given are established on the basis of

scientific and artistic knowledge at the time of the sale. Any indications by

Claude Aguttes SAS concerning the existence of a restoration, accident or

any other incident affecting the item or vehicle are given in order to help

potential buyers inspect the item or vehicle and remain subject to his or

her own appreciation of it. The absence of any specific information in the

catalogue in no way implies that the goods concerned are free from any

defects. Furthermore, the condition reports requested from Claude Aguttes

SAS and the expert before the sale are given for information purposes only.

No responsibility is assumed by Claude Aguttes SAS and the expert for these

reports, and they may not be used as the basis for any legal claim. Under

no circumstances should these reports replace a personal examination of

the item or vehicle by the buyer or his/her representative.

3°/ Since the condition of a car may change between the time at which it is

described for inclusion in the catalogue and the time at which it is presented

for sale, right until it is taken over by the successful bidder, all vehicles are

sold ‘as is’. As a viewing of the goods for auction is held over several days

prior to the sale, allowing buyers to assess their condition, no claims will

be accepted once the lot has been sold. Buyers are recommended to take

a professional from the automotive sector with them to the viewing and

to examine the documents relating to each vehicle (registration papers,

roadworthiness inspection certificates etc.) made available to them by Claude

Aguttes SAS. Details given for each vehicle (condition, mileage covered

on the basis of the odometer reading etc.) and noted in the catalogue are

provided for information purposes only; it should be pointed out that the

condition of a car may change between the time when it is described for

inclusion in the catalogue and the time at which it is presented for sale.

4°/ The French-language text is the official text which will be referred to in

the event of any dispute. The descriptions in English and any measurements

in inches are given solely for information purposes and may not be used as

the basis of any claim. Any facts presented in the catalogue are provided

for information purposes only. The goods for auction are reproduced in

the catalogue as faithfully as possible, but a difference of colour or tone is

nonetheless possible. Dimensions are given for information purposes only.

5°/ For administrative reasons, the vehicle designations used (model, type,

year etc.) correspond, save for some exceptions, to the information given

in the vehicle registration papers.

6°/ Buyers are deemed to have examined the documents relating to each

vehicle, and in particular the roadworthiness inspection certificates and

bills made available to them by the auctioneers. Vehicles may, however, be

sold without having gone undergone a statutory roadworthiness inspection

on account of their age, the fact that they are not in running order or their

status as motorsport vehicles. Vehicles originating from outside France are

presented without a French roadworthiness inspection certificate (‘contrôle

technique’). Members of the public should inquire about this during the

viewing and auction.

7°/ Buyers are solely responsible for changing the vehicle registration, and

in particular for doing so within the time stipulated in law. Important: It must be stressed that the vehicles offered for sale date back

to a period when their performance and safety conditions fell far short of

today’s standards; buyers are therefore urged to exercise the utmost caution,

especially when driving them for the first time. Before using them, it is also

recommended to prepare them for the road and to carry out all necessary

checks (oil level, tyre pressures etc.).

Claude Aguttes SAS shall not be held liable for any incident arising from

the use of a vehicle where these recommendations have not been followed.

All buyers are required to insure their vehicles immediately following their

successful bid; Claude Aguttes SAS shall not be held liable for any damage

incurred after the hammer has fallen.

BIDS

The highest and final bidder shall be the purchaser.

Should the auctioneer recognise two simultaneous bids on one lot, the lot will

be re-offered for sale and all those present in the saleroom may participate

in this second opportunity to bid.

Important: Bidding is typically conducted in the saleroom. We will, however,

be pleased to accept some bids by telephone from prospective buyers

who have made their interest known before the sale. We cannot accept any

responsibility, in particular should it prove impossible to establish a phone

connection, if the connection is established too late or should there be errors

or omissions relating to the reception of bids by telephone. We accept orders

to bid sent to us free of charge. We cannot accept any responsibility, notably

in the case of errors or the omission of written bid instructions.

In making a bid, bidders accept their personal responsibility to honour

the hammer price plus the buyer’s fees and any taxes which may be due.

Except in the case of a written agreement with Claude Aguttes SAS prior

to the sale, specifying that the bidder is acting as an agent on behalf of a

third party known to and approved by Claude Aguttes SAS, the bidder is

deemed to be acting on his or her own behalf. We remind our sellers that

bidding on their own items is forbidden.

PAYMENT FOR PURCHASES

We strongly encourage buyers to settle their purchases by credit card or

bank transfer.

In accordance with article L.321-14 of the French commercial code, an item

sold at auction may only be delivered to the buyer when the company has

received the amount due or has been provided with a guarantee that the

amount has been paid by the purchaser.

Means of payment accepted by our accounts department:

• Cash (article L.112-6, L.112-8 and Article Article L.112-8 paragraph 2 of

the Monetary and Financial Code)

· max. 1 000 €

· max. 15 000 € for private individuals who have their tax domicile abroad

(upon presentation of a valid passport)

• Payment online (up to €10,000) at: http://www.aguttes.com/paiement/

index.jsp

• Bank transfer: For the exact amount shown on the invoice (no bank fees

should be charged to the auction house), sent from the purchaser’s account

and indicating the invoice number.

Banque de Neuflize, 3 avenue Hoche, 75008 Paris, France

Account holder: Claude AGUTTES SAS

Bank code 30788 – Sort code 00900

Account number 02058690002 – RIB key 23

IBAN FR76 3078 8009 0002 0586 9000 223

BIC NSMBFRPPXXX

• Credit card (except American Express and remote payment). Multi-payments

for one lot with the same card are not allowed

• Cheques (if no other means of payment is possible)

· Upon presentation of two pieces of identification

· Important: Delivery is possible after 20 days

· Cheques will be deposited immediately. No delays will be accepted.

· Payment with foreign cheques will not be accepted.

NON-PAYMENT

CLAUDE AGUTTES SAS will claim from buyers who fail to pay interest levied

at the legal rate plus 5 percentage points and the reimbursement of any

additional costs resulting from their failure to pay, with a minimum fee of

€500, including in the case of false bidding (‘revente sur folle enchère’) the

difference between the price at which the lot was originally auctioned and

the price obtained at its re-sale, together with the costs incurred in holding

this new sale. Without any payment within 30 days, 10% penalty will be

applied to your invoice.

LAW AND JURISDICTION

In accordance with the law, it is stipulated that any public liability actions

instituted on the occasion of valuations or voluntary and court-ordered

public auctions will lapse five years after the date of the valuation or auction.

These terms and conditions of sale are governed exclusively by French law.

Any dispute relating to their existence, their validity, the right to challenge

them and their binding effect on any bidder or purchaser shall fall within

the jurisdiction of the courts of Paris (France).

FURTHER INFORMATION

French law imposes strict rules applying to the commercial use of endangered

species of animals. The different appendices to the international regulations

of 3 March 1973 (CITES) require that a link be established between the

specimen and the document proving its lawful origin. This ruling – 338/97

dated 9/12/1996 – which has been re-transcribed in European Community

law (Appendices A/B/C) allows the commercial use of regulated species

(CITES) subject to the presentation of documents proving their lawful origin.

The documents in this instance are the following:

• For Appendix A: a detailed history of the specimen (for recent specimens)

• For Appendix B: birds must be fitted with either identification bands

or electronic tags and must have documentation proving their lawful

origin. The auction sale record must be kept as it provides a complete

history of each specimen. Recent specimens from species protected in

the French Environmental Code, born and raised in captivity, enjoy an

exemption under the ministerial decree of 14/07/2006. As such, they may

be used commercially, given the traceability between the specimen and

the documentation proving its lawful origin. Other specimens which predate

the application of these rules (ministerial decree of 21/07/2015) may

be used commercially.

Specimens prior to 1947 presented at this sale enjoy an exemption under

Ruling 338/97 dated 9/12/1986 (article 2) which allows their use for trade. To

take these specimens out of the European Union, however, requires a pre-

CITES Convention agreement. For species which can be hunted in Europe

and elsewhere, their commercial use is allowed under certain conditions.

So-called domesticated species presented at this sale may be freely exploited

for commercial purposes. Older specimens prior to the Convention (pre-1975)

comply with the conditions of the ministerial decree dated 23/12/2011 and

may therefore be used commercially. The other specimens from this sale are

not subject to any regulations and may be freely used for any commercial

purposes. The auction sale record will substantiate their lawful origin. To

take them out of the EU, with regard to Appendices I/A, II/B and III/C, a

CITES re-export form will be needed, at the expense of the future buyer.

If a customer feels that he or she has not received a satisfactory response, he or she is advised to contact the head of the relevant department directly, as

a matter of priority. In the absence of a response within the specified time limit, the customer may then contact customer service at serviceclients@aguttes.

com, which is attached to the Quality Department of SVV Aguttes.