A103 by arsclassicacoins

Asta 103 15 dicembre 2017

La biblioteca numismatica di Marco Ratto

NUMISMATICA ARS CLASSICA NAC AG sold in association with

SOVEREIGN RARITIES 32 St. George Street Mayfair, London WIS 2EA

PUBBLICATO IN ESCLUSIVA PER CONTO DI

NAC NUMISMATICA SpA Sede operativa Via Brera 4 â&#x20AC;&#x201C; 20121 Milano Tel: +39 028056304 Fax: +39 0280581271 Email: milano@arsclassicacoins.com

ORDINE DI VENDITA

ORDRE DE VENTE

Venerdì, 15 dicembre 2017

1001 – 1421 1422 – 2014

TIME TABLE 11:00 – 13:30 14:00 – 18:00

Hotel Principe di Savoia Piazza Della Repubblica 17 20124, Milano Tel. 0039 02 62301

ESPOSIZIONE EXHIBITION EXPOSITION MILANO 5 novembre – 14 dicembre 2017 Esclusivamente previo appuntamento presso i nostri locali di via Brera 4 durante i nostri orari di ufficio (dal lunedì al venerdì 9:30 – 17:30) Only by appointment c/o our office in Via Brera 4, office opening hours (Monday to Friday from 9:30am to 5:30pm )

L’asta è visibile online all’indirizzo www.arsclassicacoins.com

Commissioni d'asta, IVA e spese REGIME IVA (REGIME DEL MARGINE) Tutte le vendite effettuate da NAC NUMISMATICA S.p.A. sono operate in virtù di rapporti di commissione stipulati con privati consumatori o con soggetti IVA, che operano nel regime del margine, regolato dall'art. 40bis dl n. 41/95 e successive modifiche. In virtù di tale normativa la NAC NUMISMATICA S.p.A. non applicherà né l'IVA sui servizi resi all'acquirente e al venditore, né l'IVA sul prezzo di aggiudicazione.

COMMISSIONI COMPRATORI L'importo complessivo a carico del compratore, per ciascun lotto, è composto dal: -

Prezzo di aggiudicazione Commissione del 25 % IVA inclusa (26.56% per acquisti tramite internet live bidding) o del 24,04% (25,53% per acquisti tramite internet live bidding) per i lotti ufficialmente esportati al di fuori della Comunità Europea

Condizioni di Vendita 1.

I lotti sono posti in vendita in locali aperti al pubblico da NAC NUMISMATICA S.p.A., che agisce quale mandataria in esclusiva in nome proprio e per conto di ciascun venditore il cui nome viene trascritto negli appositi registri di P.S. presso NAC NUMISMATICA S.p.A.. Gli effetti della vendita influiscono sul venditore e NAC NUMISMATICA S.p.A. non assume nei confronti dell'aggiudicatario o di terzi in genere altra responsabilità oltre quella ad essa derivante dalla propria qualità di mandataria. 2. Gli oggetti vengono aggiudicati al migliore offerente e per contanti; in caso di contestazione tra più aggiudicatari, l'oggetto disputato verrà, a insindacabile giudizio del banditore, rimesso in vendita nel corso dell' asta stessa e nuovamente aggiudicato. NAC NUMISMATICA S.p.A. non accetterà trasferimenti a terzi di lotti già aggiudicati e riterrà unicamente responsabile del pagamento l'aggiudicatario; la partecipazione all'asta in nome e per conto di terzi potrà essere ammessa solo previo deposito presso gli uffici di NAC NUMISMATICA S.p.A. di una procura autenticata e di adeguate referenze bancarie. 3. NAC NUMISMATICA S.p.A. si riserva la facoltà di ritirare all'asta qualsiasi lotto. Il banditore, durante l'asta, ha facoltà di abbinare o separare i lotti ed eventualmente variare l'ordine di vendita. Lo stesso potrà, a proprio insindacabile giudizio, ritirare i lotti qualora le offerte in asta non raggiungano il prezzo di riserva concordato tra NAC NUMISMATICA S.p.A. e venditore. 4. L'aggiudicatario corrisponderà a NAC NUMISMATICA S.p.A. una commissione d'asta, sul prezzo di aggiudicazione di ciascun lotto, pari al 25% IVA inclusa (26.56% IVA inclusa se l’acquisto viene effettuato tramite internet live bidding) se residente in un paese dell’Unione Europea o pari al 24,04% (25,53% se l’acquisto viene effettuato tramite internet live bidding) se residente in un paese NON facente parte dell’Unione Europea. 5. A tutti i partecipanti all'asta è richiesto, ai sensi della validità di un’eventuale aggiudicazione, di compilare una scheda di partecipazione con i dati personali e le referenze

bancarie, prima di ogni asta, in modo che gli stessi possano effettuare le offerte per mezzo del numero loro assegnato. 6. NAC NUMISMATICA S.p.A. può accettare mandati per l'acquisto [offerte scritte e telefoniche], effettuando rilanci mediante il banditore, in gara con il pubblico partecipante all'asta. In caso di offerte identiche, l'offerta scritta prevarrà su quella orale manifestata in sala. 7. Nel caso di due offerte scritte identiche per il medesimo lotto, lo stesso verrà aggiudicato all'offerente la cui offerta sia stata ricevuta per prima. NAC NUMISMATICA S.p.A. si riserva il diritto di rifiutare le offerte di acquirenti non conosciuti a meno che non venga rilasciato un deposito a intera copertura del valore dei lotti desiderati o, in ogni caso, fornita altra adeguata garanzia. All'atto di aggiudicazione, NAC NUMISMATICA S.p.A. potrà chiedere all'aggiudicatario le proprie generalità e, in caso di pagamento non immediato e in contanti, l'aggiudicatario dovrà fornire a NAC NUMISMATICA S.p.A. referenze bancarie congrue e comunque controllabili: in caso di evidente non rispondenza al vero o di incompletezza dei dati o delle circostanze di cui sopra, o comunque di inadeguatezza delle referenze bancarie, NAC NUMISMATICA S.p.A. si riserva di annullare il contratto di vendita del lotto aggiudicato. 8. NAC NUMISMATICA S.p.A. agisce in qualità di mandataria dei venditori e declina ogni responsabilità in ordine alla descrizione degli oggetti contenuta nei cataloghi, nelle brochure ed in qualsiasi altro materiale illustrativo; le descrizioni di cui sopra, così come ogni altra indicazione o illustrazione, sono puramente indicative e soggettive per cui non potranno essere motivo di contestazione da parte degli aggiudicatari. Tutte le aste sono precedute da un'esposizione al fine di permettere un esame approfondito circa lo stato di conservazione, la provenienza, il tipo e la qualità degli oggetti. Dopo l'aggiudicazione, né NAC NUMISMATICA S.p.A. né i venditori potranno esser responsabili per i vizi relativi allo stato di conservazione, per l'errata attribuzione, la provenienza, il peso la mancanza di qualità degli oggetti. Né NAC NUMISMATICA S.p.A. né il personale incaricato da NAC NUMISMATICA S.p.A. potranno rilasciare una qualsiasi garanzia in tal senso, salvi i casi previsti dalla legge. 9. Le stime relative al possibile prezzo di vendita di ciascun lotto sono stampate sotto la descrizione dei lotti riportata nel catalogo e non includono i diritti d'asta dovuti all'aggiudicatario. Tali stime sono puramente indicative, se non pervengono offerte più elevate il prezzo di partenza corrisponde generalmente all'80% del prezzo di stima. Le descrizioni dei lotti nel catalogo potranno essere soggette a revisione, mediante comunicazioni al pubblico durante l'asta. 10. Il pagamento totale del prezzo di aggiudicazione e dei dritti d'asta potrà essere immediatamente preteso da NAC NUMISMATICA S.p.A.; in ogni caso dovrà essere effettuato per intero, in Euro, entro sette giorni dall' aggiudicazione. In difetto NAC NUMISMATICA S.p.A., fatto comunque salvo il risarcimento dei maggiori danni, potrà a) procedere per l'esecuzione coattiva dell'obbligo di acquisto; b) alienare il lotto a trattativa privata oppure in un'asta successiva in danno dell'aggiudicatario, trattenendo comunque, a titolo di penale, eventuali acconti ricevuti. L'oggetto verrà custodito da NAC NUMISMATICA S.p.A. a rischio e spese dell'aggiudicatario fino a quando non sarà venduto come sopra oppure restituito al venditore su richiesta del medesimo. In ogni caso, fino alla data di restituzione o di vendita, l'aggiudicatario sarà tenuto a corrispondere a NAC NUMISMATICA S.p.A. una penale pari agli interessi, calcolati sul prezzo di aggiudicazione

più le commissioni d'asta, al tasso interbancario in vigore maggiorato di due punti; gli interessi così calcolati saranno applicati sulle somme dovute a decorrere dall'ottavo giorno seguente la data dell'aggiudicazione. 11. I lotti venduti saranno disponibili per il ritiro presso i nostri uffici siti in Via Brera 4 a Milano dal lunedì al venerdì dalle 9:30 alle 17:30. Qualora invece la NAC Numismatica S.p.A. dovesse provvedere all’invio di tali lotti, le spese di spedizione, a carico dell’aggiudicatario, varieranno in base al volume e peso del plico. 12. Nonostante ogni disposizione contraria qui contenuta, NAC NUMISMATICA S.p.A. si riserva il diritto di concordare con gli aggiudicatari forme speciali di pagamento, di depositare in magazzini privati/pubblici o vendere privatamente i lotti aggiudicati, di risolvere controversie o contestazioni effettuate da aggiudicatari o contro gli stessi e in generale di intraprendere qualsiasi iniziativa ritenuta opportuna al fine di riscuotere somme dovute dall'aggiudicatario o anche, a seconda delle circostanze, di annullare la vendita ai sensi degli articoli 13 e 15 e restituire il prezzo all' aggiudicatario. 13. Gli aggiudicatari sono tenuti all'osservanza di tutte le disposizioni legislative o regolamentari in vigore relativamente agli oggetti dichiarati di interesse storico o artistico particolarmente importante. L'esportazione di oggetti di rilevante interesse numismatico da parte di Aggiudicatari residenti e non residenti in Italia è regolata da specifiche normative doganali, valutarie e tributarie. I tempi di attesa di un permesso di libera circolazione sono di 40 giorni circa dal giorno della richiesta al Ministero dei Beni Culturali, Ufficio Esportazioni. La richiesta della licenza è inoltrata al ministero previo pagamento del lotto e su esplicita autorizzazione dell'aggiudicatario. NAC NUMISMATICA S.p.A. non assume alcuna responsabilità nei confronti degli aggiudicatari in ordine ad eventuali restrizioni all'esportazione dei lotti aggiudicati, né in ordine ad eventuali licenze o attestati che l'aggiudicatario dovrà ottenere in base alla legge italiana. L'aggiudicatario, in caso di esercizio del diritto di prelazione da parte dello Stato italiano, non potrà pretendere da NAC NUMISMATICA S.p.A. o dal venditore alcun rimborso di eventuali interessi sul prezzo e sulle commissioni d'asta già corrisposte. 14. Gli aggiudicatari (cittadini italiani o residenti in Italia) sono tenuti a fornire alla NAC NUMISMATICA S.p.A. il proprio Codice Fiscale e un documento d’identità in corso di validità come da legge espressa nel D. Lgs. Antiriciclaggio N. 231/2007 divenuto effettivo il 30/04/2008. 15 NAC NUMISMATICA S.p.A., in osservanza all’articolo 49, comma 1, del D.Lgs. n. 231/2007 e a seguito delle modifiche introdotte dall’articolo 12 del Dl 201/2011 non può accettare pagamenti in contanti per un importo pari o superiore ai 3.000 euro. 16. Gli oggetti offerti in vendita sono garantiti autentici. 17. I lotti contenenti più volumi e non illustrati sono venduti come visti e piaciuti e non sono soggetti a resa da parte dell’acquirente. 18. Le presenti condizioni di vendita sono accettate automaticamente da quanti concorrono all'asta e sono a disposizione di qualsiasi interessato che ne faccia richiesta. Per qualsiasi controversa è stabilita la competenza esclusiva del foro di Milano.

Commissions, VAT And Fees VAT REGIME Sales made by NAC NUMISMATICA SPA are handled on a commission agreement with third parties including a VAT regime based on the conditions set forth in art. 40bis dl no. 41/95 and subsequent modifications. As per the above-mentioned law, NAC NUMISMATICA SPA will not apply VAT on services provided to the buyer or consigner or on the hammer price.

BUYERS’ COMMISSIONS The total amount of every single lot, charged to the buyer, is composed of: -‐ -‐

The hammer price 25% commission including VAT (26,56% for purchases made through internet live bidding) or 24.04% (25.53% for purchases made through internet live bidding) for lots sent outside the European Union

GENERAL TERMS OF SALE 1. Auctions are held by NAC NUMISMATICA SPA in public premises. NAC NUMISMATICA SPA acts as commission agent in its own name or for every consigner whose name is listed on the specific police records held at NAC offices. The results of the sale effect the consignor and NAC NUMISMATICA SPA does not assume any responsibility, towards the buyer or third parties, except that stated in its commission agent agreement. 2. All material shall be sold to the highest bidder as determined by the Auctioneer. If any dispute arises during or immediately after the sale of a lot, the Auctioneer has the right to recall the lot and put it up for sale again. In all cases the Auctioneer’s decision is final. NAC NUMISMATICA SPA will not allow transfers of the lots already won and will consider the buyer (successful bidder) the one responsible for the payment. All those who wish to participate in the auction on the behalf of third parties, must provide the NAC office with a valid letter of attorney and bank references. 3. NAC NUMISMATICA SPA reserves the right to withdraw any lot from the auction. Moreover, the auctioneer reserves the right to combine or split up catalogue lots and offer them out of sequence; he or she may withdraw lots if the bids do not reach the upset price previously arranged between NAC NUMISMATICA SPA and the consignor. 4.

The buyer (successful bidder) will pay NAC NUMISMATICA SPA an auction commission, for every lot, as follows: -‐ 25% VAT included (26.56% VAT included for purchases made through internet live bidding) on the hammer price for EU citizens. -‐ 24.04% (25.53% for purchases made through internet live bidding) on the hammer price for NON EU citizens or if the lots are to be sent outside the European Union.

All those wanting to take part in the auction are required to fill out a registration form with all necessary personal details (and bank references if required) in order to validate a possible bidding with the assigned bid number.

NAC NUMISMATICA SPA may accept telephone and written bids forms while the auction is being called. In the event of equal bids, the written one will take precedence over a floor bid.

In the event of equal written bids (for the same lot), the lot will be adjudicated to the first received bid. NAC NUMISMATICA SPA reserves the right to reject all bids coming from unknown persons unless they deposit an amount covering in full the bid value of the desired lots (or another suitable guarantee). NAC NUMISMATICA SPA may require further details from the buyer (successful bidder) and in the case of NON prompt payment by cash, he or she must provide full bank details that will be checked by NAC. If they result as incorrect or invalid, NAC NUMISMATICA SPA reserves the right to nullify the invoice.

NAC NUMISMATICA SPA acts as commission agent for every consigner and declines responsibility for any differences between the description in the catalogues, brochures or in any other advertising material, and the actual item offered. The description are purely indicative and made to the best of knowledge of NAC. (NAC) cannot be held responsible for any errors or omissions. Before every auction there is a viewing in order to allow customers to examine the grade of preservation, origin, kind and quality of the items. After an item has been sold neither NAC NUMISMATICA SPA nor the consigner will be responsible for misattribution, irregularities relating to the state of conservation, the origin, the weight and the lack of quality of the objects. Neither NAC NUMISMATICA SPA nor any partner or consultant will release any guarantee, except for rare cases as per law.

Commission fees are not included in the estimates printed underneath the lot description in the catalogue. The estimates are purely indicative. The starting price is usually 80% of the estimate unless NAC NUMISMATICA SPA receives higher bids. The lot descriptions may be revised during the auction, if so, NAC NUMISMATICA SPA will communicate this during the auction.

10.

NAC NUMISMATICA SPA may claim the entire payment of the hammer price and commissions. The total amount must be paid in full, in Euros, within 7 days from the auction sale. Otherwise, NAC NUMISMATICA SPA will: a) proceed with the buyingin procedure; b) alienate the lot in a private treaty or in a future auction sale, to the detriment of the buyer and will keep any deposit previously received (as a penalty). The lot will be kept by NAC NUMISMATICA SPA at the buyerâ&#x20AC;&#x2122;s own risk until it is sold (as mentioned above) or returned to the consigner upon request. However, until the lot is sold or returned to the consigner, the buyer must pay NAC NUMISMATICA SPA a fee corresponding to the interest on the hammer price plus the commissions at two decimals higher than the nominal bank lending rate; the interest, as calculated above, will be applied to the total amount accruing from the eighth day following the date on the invoice.

11.

All lots will be available for collection at our premises in Via Brera 4, Milan from Monday to Friday 9:30 to 17:30. In the case of NAC Numismatica S.p.A. arranging a shipment, the cost will vary according to the volume and weight of each package (postage at the buyer’s own expense and risk). NAC Numismatica S.p.A. will not be responsible for any damage or loss of a shipment.

12.

NAC NUMISMATICA SPA reserves the right to: arrange any special methods of payment with the buyer; deposit the purchases in public or private warehouses or sell them privately; resolve disputes or protests made by buyers (successful bidders) or against them; take action in order to obtain payments or, in some circumstances, cancel the purchase as per the law described in art. No. 13 and 15 and to reimburse the buyer.

13.

Every buyer (successful bidder) must observe all legislative decrees concerning items considered to be of particular and important artistic or historic interest and value. The export of a lot of numismatic interest, outside Italian territory, is regulated by specific customs, tributary and monetary regulations. Every export licence applied for through the Cultural Heritage office takes roughly 40 days to be issued. The export licence application will be sent to the ministry only upon payment of the lot and only upon express authorization of the buyer. NAC NUMISMATICA SPA is neither responsible for any restrictions the ministry may place on the export of the lot nor for any other export licence the buyer may have to obtain as per Italian law. In the event that the Italian State takes action for the right of pre-emption, the buyer will not have the right to request a refund from NAC NUMISMATICA SPA or the seller for any possible interest on the total price and commissions already paid.

14.

A valid proof of photo identity (e.g. ID card, Passport, driving licence etc.) is mandatory for every buyer (successful bidder), as per legislative decree no. 231/2007 effective from the 30th April 2008.

15.

NAC NUMISMATICA SPA cannot accept payments by cash equal to or greater than € 3’000 as per art. No. 12 D.lgs. 201/2011.

16.

All the items in this catalogue are guaranteed to be genuine.

17.

For multiple lots with no catalogue photograph return privileges are not permitted.

18.

Bidding or participating in this sale constitutes acceptance by the bidder or participant of all the aforementioned terms and conditions of sale.

The text is given in English for your convenience, however the only legally valid, is that in Italian.

Per la NAC Numismatica SpA è un grande onore poter presentare la biblioteca numismatica del compianto Marco Ratto. Le famiglie che hanno scritto la storia della numismatica moderna sono poche è si possono contare sulle dita di due mani: Calicó, Bourgey, Santamaria, Cahn, Stack, Baldwin e Spink. Tra queste va certamente annoverata la famiglia Ratto, che per oltre un secolo ha occupato un ruolo di enorme importanza non solo nel mercato italiano, ma anche in quello internazionale. L’importanza dei Ratto è sempre stata ben conosciuta agli addetti a lavori, ma la loro scelta di non tenere più vendite all’asta a partire dagli inizi degli anni settanta ha probabilmente ridotto la loro visibilità tra i collezionisti non italiani meno addentro al mercato. Nonostante questa scelta i Ratto hanno continuato a essere attivamente presenti sul mercato internazionale partecipando alla formazione e alla dispersione di alcune tra le più importanti collezioni di monete italiane e antiche. Tra queste non possiamo non citare le mitiche collezioni Mazzini, Gillet e Biaggi de Blasys. Marco rappresentava la terza generazione di questa famiglia di origine ligure che con il nonno Rodolfo aveva incominciato la sua attività alla fine dell’ottocento. Rodolfo era stato un commerciante di enorme successo rispettato e conosciuto a livello internazionale al punto che il British Museum aveva deciso di affidargli per una delle sue vendite all’asta i propri doppi. Se Rodolfo era stato un brillante numismatico, suo figlio Mario non gli fu da meno. La sua attività di vendita all’asta non rende assolutamente l’idea della forza e penetrazione che Mario ebbe nel mercato mondiale. Durante gli anni del boom industriale italiano, il mercato numismatico del nostro paese era il più forte al mondo, tanto che una parte molto consistente delle monete antiche vendute sul mercato internazionale finiva in Italia. Mario, membro fondatore dell’AINP, rappresentava e serviva i maggiori collezionisti italiani e moltissimi collezionisti francesi, paese dove aveva vissuto prima della seconda guerra mondiale, e svizzeri. Marco si trovava quindi nella scomoda posizione di erede di una tradizione numismatica imponente. Marco nato il 21 giugno 1933, iniziò a collaborare con il padre all’inizio degli anni cinquanta. Egli seppe ritagliarsi immediatamente un grande spazio nello studio paterno grazie ad un’innata passione e a una competenza solida, che gli permise di instaurare un rapporto privilegiato con alcuni grandissimi collezionisti. Tra questi sicuramente il più importante fu Leo Biaggi de Blasys, che grazie all’assistenza e ai consigli di Marco assemblò la più importante collezione di monete d’oro romane mai realizzata nella storia della numismatica. Le collezioni che Marco contribuì a formare sono innumerevoli e il suo ufficio di Milano divenne un punto di riferimento fondamentale per tutti i grandi collezionisti italiani e internazionali. La sua competenza e correttezza erano ben note a tutti e nessuno poteva vantare uno stock come quello che si poteva ammirare nei suoi uffici. Questo faceva si che ogni grande collezionista fosse necessariamente costretto prima o poi a rivolgersi a Marco per acquisire monete che altrimenti non avrebbe potuto trovare altrove.

Marco era un uomo estremamente umile, gentile e riservato, ma che sapeva riservare agli amici una grande umanità e simpatia. Io ho avuto il piacere e la fortuna di conoscerlo da giovanissimo, grazie alla fraterna amicizia che lo legava a mio padre e i suoi consigli e insegnamenti sono stati fondamentali nella mia formazione professionale. Con Lui purtroppo scompare uno degli ultimi rappresentanti di una generazione di numismatici di “vecchia scuola” che concepiva questa professione non esclusivamente come un’attività commerciale e che nutriva un genuino interesse scientifico e un grande amore per le monete. Questa vendita all’asta rappresenta un’occasione più unica che rara per acquisire un pezzo di storia della numismatica mondiale. Il catalogo di questa vendita è stato redatto da Caroline Holmes di Sovereign Rarities. A Lei vanno i nostri ringraziamenti per la passione e competenza con cui ha lavorato.

Catalogue by Caroline Holmes.

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