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from ARTIANA | Fine Watches: The Rolex Edit | Online Auction | No Buyer's Premium | 20-25 February 2022
by ARTIANA
IT’S EAS Y TO BUY AT ARTIANA
1. BROWSING
Before Bidding, Clients are welcome to browse through our Lots and see what we have to offer.Artiana offers a variety of ways to discover more about our Lots, so make the most of your browsing:
Auction Catalogue
Our catalogues are available on our website, mobile app, as well as in print form, and are a great way for clients to browse through upcoming sales. Our catalogues contain the following: • Images of the work • Descriptions of the Lot, including size, date and age, medium, type, attribution, quantity, etc. • Estimates, which are given for all Lots are based on prices recently paid at auction or average market value for comparable property.They take into account rarity, condition, quality and provenance
Condition Reports
Condition Reports supplement the catalogue description and provide guidance on the item’s condition.These are available upon request.
Our Specialists
We have in-house auction specialists who will always be happy to discuss an item in greater detail. Just contact our Auction Help Desk at +971 55 815 3030| auction@artiana.com
Viewing Gallery
Artiana is a click-and-mortar hybrid and has a viewing gallery located in Dubai, UAE and we would always recommend coming to the auction viewings and looking at an item for yourself. In order to Bid, users must first register on our website, Sign In with their Artiana ID, and request Bidding access for the sale in which they are interested. Once their request has been approved, users can proceed to Bid.Artiana offers you ease and flexibility by providing three ways to Bid on a desired Lot:
Online Bids
Online Bidding allows you to directly participate in the auction through the Artiana website or mobile app in real time and from anywhere in the world.All you have to do is click to Bid wherever you may be. You will be able to track your Bids through the website and will be alerted if you have been outbid. Visit www.artiana.com to find out more.
Proxy/Maximum Bids
These are suitable for those Bidders who are not available to follow the Bidding process, or would simply like to reserve a maximum Bid on a Lot. To make a Proxy Bid, you must enter the Maximum amount that you would like to Bid on a Lot, and our auction software will Bid on your behalf up to this amount. If you are the only person to Bid on the selected Lot, then you will purchase it at the lowest possible price (the Reserve Price).
Written/Absentee Bids
These are suitable for those Bidders who may not be available during the auction, or would prefer to have an Artiana representative complete the online transaction on their behalf. Once you have completed the Written/Absentee Bids form, we will either Bid online directly or place a ‘Proxy Bid’ on your behalf, allowing our auction software to Bid up to this amount. If you are the only person to Bid on your Lot, then you will purchase it at the lowest possible price (the Reserve Price). For more information, please refer to the Written/ Absentee Bids form in this catalogue or contact our Auction Help Desk at +971 55 815 3030 | auction@artiana.com Congratulations! You hold the Winning Bid and are the Successful Bidder. Once you have paid for your purchase, delivery can be arranged.
No Buyer’s Premium
Artiana does not charge any Buyer’s Premium over and above the Winning Bid. ‘What You Bid Is WhatYou Pay’.
Payment
As the Successful Bidder, you will only pay the Winning bid amount, along with any applicable charges for additional services availed andVAT if applicable. Payments for invoices are required to be completed within a period of seven business days from the receipt of the invoice via email. Refer to the ‘Buying at Artiana’ guide in this catalogue for more details. If you have any further questions please contact our Help Desk at +971 55 815 3030 | info@artiana.com
Storage
Purchased Lots will initially be held for collection either at Artiana’s viewing gallery or at the shipper’s warehouse for 15 business days at no charge, after which a daily storage charge will be imposed.
Delivery
We can help you with all your delivery and shipping requirements whether local or international freight. Please refer to the ‘Storage and collection’ page in this catalogue or contact our Help Desk on +971 55 815 3030 | info@artiana.com
2. BIDDING 3. PAYING AND TAKING IT HOME
AUCTION CLOSING S CHEDULE
For your convenience, particularly if you are bidding on more than one lot, predetermined groups of Lots are scheduled to close at 30-minute time intervals during the Auction. If a Bid is placed within the last 5 minutes, the timer on your screen will be extended by 5 minutes after the scheduled Closing Time of the Lot. The timer will continue to be extended in 5 minute increments for any Bidding received in the 5 minutes prior to the new Closing Time of such Lot.As with a traditional auction house, bidding will continue on each lot until there is no more interest in the room. Lots have been allotted into groups, and the closing schedule for the various Lot Groups are as follows:
LOT NUMBERS
UAE UTC +4:00
INDIA SRI LANKA UTC +5:30
US EASTERN UTC -4:00
US PACIFIC UTC -7:00
UK UTC +1:00
WEST AFRICA UTC +1:00
EAST AFRICA UTC +3:00 HONGKONG SINGAPORE UTC +8:00 EASTERN AUSTRALIA UTC +10:00
1-5 5:30 p.m. 7:00 p.m. 8:30 a.m. 5:30 a.m. 1:30 p.m. 2:30 p.m. 4:30 p.m. 9:30 p.m. 12:30 a.m. (February 26)
6-10 6:00 p.m. 7:30 p.m. 9:00 a.m. 6:00 a.m. 2:00 p.m. 3:00 p.m. 5:00 p.m. 10:00 p.m. 1:00 a.m. (February 26)
11-15 6:30 p.m. 8:00 p.m. 9:30 a.m. 6:30 a.m. 2:30 p.m. 3:30 p.m. 5:30 p.m. 10:30 p.m. 1:30 a.m. (February 26)
16-20 7:00 p.m. 8:30 p.m. 10:00 a.m. 7:00 a.m. 3:00 p.m. 4:00 p.m. 6:00 p.m. 11:00 p.m. 2:00 a.m. (February 26)
21-25 7:30 p.m. 9:00 p.m. 10:30 a.m. 7:30 a.m. 3:30 p.m. 4:30 p.m. 6:30 p.m. 11:30 p.m. 2:30 a.m. (February 26)
WRIT T EN / ABSENTEE BIDS FORM
To enter Written / Absentee Bids, please sign the completed form and email it to auction@artiana.com at least 12 hours before the first closing time of the auction. For additional information, please refer to the ‘It’s Easy to Buy at Artiana’ and ‘Buying at Artiana’ sections in this catalogue or the ‘Frequently Asked Questions’ (FAQ’s) page on our website www.artiana.com. “I request Artiana, without legal obligation on its part, to Bid on the Lots listed below, up to the Maximum Bid Amount I have specified. I agree that my Bid will be treated as an offer and is subject to the Conditions of Sale listed in the catalogue and on the website www.artiana.com. I understand that Artiana is accepting Written / Absentee Bids for the convenience of clients and I will not hold it liable for failure to record my Bid. I understand that the Maximum Written Bid once recorded cannot be cancelled and can only be increased via email confirmation or by completing another Written / Absentee Bids Form, specifying the higher maximum Bid amount/s.” Please mention clearly in capital letters the Lot number and the description accurately (artist name, title). Bidders are requested to provide all invoicing details prior to the sale.The Bidder as registered with Artiana will be invoiced, and no invoices will be changed after the sale.
BIDDING INCREMENTS
Bidding begins below the lower estimate, and increases in steps, or increments.The next valid Bid is based on the increments listed below. If Bidders enter a Proxy Bid online, the next Bid is placed at the minimum incremental value.
All the lots in the catalogue are categorized into Silver, Gold, Platinum and Diamond Levels based on their Lower Estimate values.The high value lots will be categorized as Gold Level, Platinum Level and Diamond Level for which bidding access at these levels would be required
1. I agree and consent to pay all the applicable duties, fees, shipping and handling charges. 2. I understand that if Artiana receives identical Absentee or Proxy Bids, and if these Bids are higher or equal to the
Reserve Price,Artiana will sell the Lot to the Bidder, whose Bid it received and accepted first. 3. I understand that Absentee or Proxy Bids submitted on ‘No Reserve’ Lots will be executed at a minimum of 10% of the lower estimate (the ‘MinimumValue’), if there is no competing Bid, and the Absentee or Proxy Bid amount is greater than the MinimumValue. 4. I understand that the execution of Written / Absentee Bids is offered as an additional service for no extra charge.
Such bids are executed at the Bidder’s risk and undertaken subject to Artiana’s other commitments at the time of the auction.Artiana therefore cannot accept liability for any reasonable error or failure to place such Bids.
For New Bidders
If you have not previously registered with Artiana, please create an ‘Artiana ID’ on our website.To participate in this auction, you will have to ‘Register to Bid’ with your Sign-In details.When contacted by our representative, please provide a proof of identity and address document, such as a copy of an official photo identity card (either a National Identity Card, Passport or Driver ’s License). Once your documents are verified, you will be given access to Bid. You may also call our Auction Help Desk at +971 55 815 3030 or email info@artiana.com.
Upto USD 2,000
USD 2,000 to 5,000
USD 5,000 to 10,000
USD 10,000 to 50,000
USD 50,000 to 100,000
USD 100,000 to 200,000
USD 200,000 and upwards
Lower Estimate Up to USD 19,999 Lower Estimate USD 20,000 to 49,999
Lower Estimate USD 50,000 to 199,999
Lower Estimate USD 200,000 and upwards
BIDDING ACCESS LEVELS
BUYING AT AR TIANA
Estimates
• Estimates are based on prices recently paid at auction or average market value of the Lot as determined by Artiana’s specialists. • These Estimates are prepared well in advance of the sale and are subject to revision. • Estimates are provided only as a guide for buyers and should not be relied on as a prediction of actual price.
Reserves
• The Reserve Price is the minimum price at which the Lot shall be sold. • The Reserve Price is confidential and will not be disclosed. • The Reserve Price is always lower or equal to low estimate.
Customs Duty, Buyer’s Premium and Value Added Tax
• Customs duty of 5% will be applicable for GCC wide delivery of certain Lots that have been temporarily imported into the UAE for re-export.
These Lots will be identified in the catalogue accordingly. • Artiana does not charge any Buyer’s Premium. • No taxes are applicable on purchases from Rest of World and designatedVAT exempt free zones. • Value Added Tax (VAT) of 5% will be applicable on Artiana’s invoice on any and all purchases from within the UAE, excepting designated
VAT exempt free zones.
Pre-Auction Viewings
• Pre-auction viewings will be held at Artiana’s viewing gallery in Dubai at the dates and times printed in the front of the catalogue. • Artiana’s auction specialists will be available to provide advice regarding Lots on display. • Artiana encourages prospective buyers to examine Lots thoroughly before the auction.
Pre-Registration & Bidding Access
• Prospective Bidders are asked to register with us before Bidding.This simple, one-time process will allow users to create a unique Artiana ID and password, which will be required in order to Bid in all our auctions. • After creating an Artiana ID and password, prospective Bidders will still need to request for Bidding access for a particular Lot by clicking on the
‘Register for Sale’ button. • Bidders will still need to request for Bidding access for a particular Lot by clicking on the ‘Register for Sale’ button. • Once this request has been processed by the Artiana Auction Desk, the Bidder will receive an email confirmation of Bidding access. • In the event that additional information is required for approval, the Bidder will be directly contacted by an Artiana representative. • Please note that if this process has not taken place, you shall not be granted Bidding access. • It is recommended that all Bidders register at least 24 hours before the auction.
Personalised Notifications
• After signing into Artiana and accessing the ‘My Account’ page, you may select artists of interest and request to be notified when they become available at auction.
Proxy / Maximum Bids
• Proxy or Maximum Bids can be placed on any Lot by going to ‘Upcoming Auctions’ or ‘Current Auctions’, selecting the catalogue of interest, and clicking the ‘Proxy Bid’ button next to the Lot on which you wish to Bid. • Please note that you must be registered and Signed In to place a Bid at any time.
Written / Absentee Bids
• Written or Absentee Bids can be placed on any Lot by contacting the Artiana Auction Desk in person, or by email at auction@artiana.com. • You may place a Written / Absentee Bid by filling out, signing and submitting the Written / Absentee Bids form available online and in the printed catalogue. • It is recommended that all Bids come in at least 12 hours before the first Closing Time of the Auction.
Starting Bid
• Starting Bid is the value at which the auction house opens the Bidding on each Lot. • Starting Bid can sometimes be lower than the value of the lower estimate.
Bidding Online
• Once you are signed in and granted Bidding access, you may proceed to Bid. • After you have identified the Lot on which you would like to Bid, click on ‘Place Bid’ and confirm your Bid at the next valid Bid value listed. • Now, you will be able to participate in the Bidding process by entering the next valid Bid each time you are out-bid. • Each new Bid will increase in steps or increments over the previous valid Bid.
Bidding Increments
• Bidding Increments will be calculated as shown in the Bid increment table in this catalogue.
Bid History
• All Lots have Bid History available, which can be viewed by clicking on ‘View Bid History.’ • Bid History indicates the values recorded for each Lot since the start of the auction. • Bid History will not be displayed once the auction has closed.
Auction Closing Schedule
• Predetermined groups of Lots will close simultaneously in Lot order every 30 minutes. • If a Bid is placed within the last 5 minutes, the timer on your screen will be extended to 5 minutes after the scheduled Closing Time of the Lot. • The timer will continue to be extended in 5 minute increments for any Bidding received in the 5 minutes prior to the new Closing Time of such Lot. • As with a traditional auction house, Bidding will continue on each Lot until there is no more interest in the room. • For more information on the closing times for this sale, please refer to the Auction Closing Schedule in the catalogue.
Winning / Successful Bid
• Winning or Successful Bid is the last and highest Bid at which the Lot has closed. • No new Bids can be placed after the close of a Lot. • The closing Bid is considered the Winning Bid only if the Bid exceeds the Reserve Price. • Artiana reserves the right to publish all Winning Bids on the website after the close of the auction.
Currency of Bidding and Invoicing
• All Bids are placed in US Dollars (USD). • All Invoices are raised in US Dollars (USD). • Payments received in UAE Dirhams (AED) will be converted to USD as per Artiana’s standard conversion rate of 1USD=3.675 AED. • Payments received in any other currency will be converted to USD as per the bank’s sheet rate on the day of transaction.
Bid Cancellation
• Once any Bid has been placed, it cannot be cancelled. • Artiana reserves the right to cancel any Bids in order to protect the efficacy of the Bidding process.
After the Sale
• If a Bidder is successful, he shall be informed via email after the auction has closed and will also be able to view his winning Bids under
‘Successful Bids’ on the ‘My Account’ page on the website. • The Bidder will then receive an email with the invoice for the Lot. • If a Bidder is the winning Bidder, he is legally bound to purchase the item from Artiana. • Please note that purchases will not be shipped out until full payment has been received and cleared.
Invoicing & Payment
• All details for the invoice are to be provided and verified prior to the auction. • For any and all clients and/or transactions from Rest of World except the UAE invoicing and payments are processed by Artiana Limited, a company duly incorporated under the RAK ICC Business Companies Regulations 2016 bearing registered number IC20120900; and for any and all clients and/or transactions from within the UAE invoicing and payments are processed by Artiana Limited, a company duly incorporated under the Dubai International Financial Centre bearing registered number 2249. • After the sale, the Buyer, as invoiced, is required to pay the amount in full (including the Winning Bid, VAT and any applicable charges for additional services availed). • Buyers will be required to complete payment within a period of seven business days from the receipt of the invoice via email. • Artiana shall only release Lots once the payment is made in full. • Bank Transfer: You may electronically transfer funds to our account in US dollars.When doing so, please quote the sale details along with the
Lot number and invoice number as the reference. For payments made by bank transfer, all bank charges are payable by the remitter. • Credit and Debit Cards: Visa and Mastercard only. Please note that as Artiana does not charge any Buyer’s Premium to the Buyer, for any payments made by Credit or Debit Cards a service charge of 3% on the total invoice amount will be charged to the Buyer. It may be advisable to notify your card provider of your intended purchase in advance to reduce delays caused by us having to seek payment authorisation.
Delivery / Collection of Purchase & Insurance
• Price estimates and/or the Winning Bid price do not include any packing, insurance, shipping or handling charges, all of which will be borne by the Buyer. • Works will be shipped within 7 days of the payment being cleared. • Artiana offers free delivery in Dubai and can recommend our affiliated shipping company for deliveries outside the UAE. For more information, please refer to the ‘Storage and Collection’ page in this catalogue.
• Alternatively, Buyers may choose to collect their purchase from Artiana in Dubai within 15 days from the date of the sale. • Buyers who have not completed payment formalities will be charged demurrage @ 2% per month on the value of the artworks and the charges for storage of the property. • Artiana provides insurance coverage on sold Lots for seven days after the Closing Time of the auction.After that period, or once a Lot has been collected (whichever is earlier), the Lot will be entirely at the buyer’s risk.
Participate in our next auction
• If you would like to stay informed of Artiana’s upcoming events, please register with us online at www.artiana.com
Consign for our next auction
• If you are interested in consigning works from your collection to our next sale, please contact us at the Artiana Auction Desk on +971 55 815 3030 | auction@artiana.com
• Fully climate controlled art storage facility • In-house art handling truck for transportation • Bespoke collection management services • Located in the safe and convenient jurisdiction of Dubai International Financial
Centre (DIFC) • Assets stored are governed by a commonlaw framework with laws and regulations issued in English