ARTIANA | Fine Watches | Online Auction | No Buyer's Premium | 14-19 Feb 2024 | Sale 2401

FINE WATCHES ONLINE AUCTION (NO BUYER’S PREMIUM)

14 - 19 FEBRUARY 2024

• 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 common-law framework with laws and regulations issued in English

• FlexiPay scheme for buyers at our auctions • Bespoke solutions for consignors and collectors • Fast decisions and quick disbursals • Flexible tenors and repayment options • No early exit fees payable

FINE WATCHES SALE NUMBER: 2401 ONLINE AUCTION FEBRUARY 14 - 19, 2024

‘What You Bid is What You Pay’

‘Bid Now Pay Later’

February 14, 2024 6:30 p.m. onwards UAE Standard Time

February 19, 2024 5:30 p.m. to 7:00 p.m.

UAE Standard Time

P2-1A, Damac Park Towers DIFC Dubai | UAE +971 55 815 3030 info@artiana.com

AUCTION SERVICES P.O. Box 112646 Dubai | UAE Sale Number: 2401

By Appointment watches@artiana.com

Artiana Help Desk +971 55 815 3030 auction@artiana.com info@artiana.com Additional information on the buying process is available on page 92 Additional information on the FlexiPay scheme is available on page 99 This auction is conducted under the Conditions of Sale as stipulated in the catalogue on page 101 Copyright Notice No part of this catalogue may be reproduced, stored in a retrieval system or transmitted by any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Artiana. © Copyright,Artiana, 2024

Front Cover: Lot 22 & Lot 27 Inside Pages: Lot 10 & Lot 25 Page 4: Lot 45

End of Sale: Lot 4 Inside Back Pages: Lot 28 & Lot 18 Back Cover: Lot 45

CONTENTS SALE GUIDE 9 FINE WATCHES LOTS 1 - 45 87 BRAND PROFILES AND INDEX 92 IT’S EASY TO BUY AT ARTIANA 93 AUCTION CLOSING SCHEDULE 94 WRITTEN / ABSENTEE BID FORM 95 BIDDING INCREMENTS 96 BUYING AT ARTIANA 99 FINANCE AT ARTIANA 101 CONDITIONS OF SALE 107 ARTIANA GUARANTEE 108 COLLECTION AND STORAGE

LOT 1 - 10

LOT 1

ROLEX Oyster Perpetual 41 REFERENCE: M124300-0007 CIRCA: 2020 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 15,000 - 25,000

BRACELET: Oystersteel flat three-piece links with folding Oysterclasp and Easylink 5mm comfort extension link DIAL: Coral red MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3230 FUNCTIONS: Hours, minutes and seconds, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer certification, Warranty card dated December 2020, Guarantee manual, Oyster Perpetual brochure Please note this lot is the property of a private individual.

FINE WATCHES

11

LOT 2

VACHERON CONSTANTIN Overseas 4500V/110A REFERENCE: 4500V/110A-B483 CIRCA: 2023 CASE MATERIAL: Stainless Steel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 24,000 - 30,000

12

ARTIANA

BRACELET: Stainless steel with Vacheron Constantin deployant buckle DIAL: Black MOVEMENT: Self-winding CALIBRE: 5100 FUNCTIONS: Hour, Minute, Central second, Date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card dated 2023, Manual

Please note this lot is the property of a private individual.

LOT 3

GIRARD-PERREGAUX

REFERENCE: 81020-11-131-BB6A CIRCA: 2022 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

STRAP: Black alligator leather with stainless steel folding clasp DIAL: Silver with a Clous de Paris pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP03300-0137 FUNCTIONS: Chronograph, date, hours and minutes, small seconds BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

US$ 14,000 - 20,000

Please note this lot is the property of a private individual.

Laureato Chronograph Leather

FINE WATCHES

13

LOT 4

IWC SCHAFFHAUSEN Ingenieur Automatic 40 REFERENCE: IW328903 CIRCA: 2024 CASE MATERIAL: Stainless Steel CASE DIAMETER: 40 mm CONDITION: Unworn

US$ 14,000 - 20,000

BRACELET: Stainless steel with deployant clasp DIAL: Green dial with luminescence MOVEMENT: Automatic, selfwinding CALIBRE: 32111 FUNCTIONS: Hours, Minutes, Seconds, Date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

15

LOT 5

AUDEMARS PIGUET Royal Oak Selfwinding REFERENCE: 77450SR.OO.1361SR.01 CIRCA: 2022 CASE MATERIAL: Stainless Steel with 18K pink gold CASE DIAMETER: 34 mm CONDITION: Unworn

US$ 35,000 - 45,000

BRACELET: Stainless steel bracelet with 18K pink gold links and Audemars Piguet folding clasp DIAL: Silver-toned with “Grande Tapisserie” pattern MOVEMENT: Self-Winding CALIBRE: 5800 FUNCTIONS: Hours, Minutes, Centre seconds, Date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

17

LOT 6

GIRARD-PERREGAUX

REFERENCE: 81010-32-3081-1CX CIRCA: 2023 CASE MATERIAL: Green ceramic CASE DIAMETER: 42 mm CONDITION: Unworn

STRAP: Green ceramic with triple-folding buckle, titanium blades, green ceramic cover DIAL: Sunray green with cross-hatching MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 LIMITED EDITION of 388 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

US$ 18,000 - 27,000

Please note this lot is the property of a private individual.

Laureato 42 MM Aston Martin Edition

18

ARTIANA

LOT 7

CARTIER

REFERENCE: WSTA0055, 4323 CIRCA: 2021 CASE MATERIAL: Stainless Steel CASE DIAMETER: 33.7 mm x 25.5 mm CONDITION: Unworn

STRAP: Blue alligator skin strap with steel ardillon buckle DIAL: Blue MOVEMENT: Quartz FUNCTIONS: Hours, Minutes BOX: Fitted presentation box and outer packaging PAPERS: International Warranty card dated July 2021, Manual, Care booklet

US$ 3,000 - 5,000

Please note this lot is the property of a private individual.

Tank Must de Cartier (Large Model)

FINE WATCHES

19

LOT 8

REFERENCE: M126720VTNR-0001 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Unworn

BRACELET: Oystersteel flat three-piece links with folding safety clasp and Easylink 5 mm comfort extension link DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3285 FUNCTIONS: Hours, minutes, seconds, 24-hour display, second-time zone with independent rapid-setting of the hour hand, instantaneous date, and stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer Certification, Warranty card, Guarantee manual, GMT-Master II brochure

US$ 20,000 - 30,000

Please note this lot is the property of a private individual.

ROLEX GMT-Master II - 'Left Handed Sprite'

FINE WATCHES

21

LOT 9

GIRARD-PERREGAUX Laureato Chronograph 38 REFERENCE: 81040-11-631-11A CIRCA: 2022 CASE MATERIAL: Stainless steel CASE DIAMETER: 38 mm CONDITION: Unworn

US$ 15,000 - 25,000

BRACELET: Stainless steel bracelet with push button deployant buckle DIAL: Black with a fine Clou de Paris hobnail guilloche pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP03300-0134 FUNCTIONS: Chronograph, date, hours and minutes, small seconds BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual Please note this lot is the property of a private individual.

FINE WATCHES

23

LOT 10

REFERENCE: 5968A-001 CIRCA: 2019 CASE MATERIAL: Steel CASE DIAMETER: 42.2 mm CONDITION: Worn

STRAP: Orange composite material strap with Aquanaut fold-over clasp DIAL: Black embossed, gold applied numerals with luminescent coating MOVEMENT: Self-Winding Mechanical CALIBRE: CH 28-520 C FUNCTIONS: Flyback chronograph, Central chronograph hand, 60-minute counter, Date BOX: Fitted presentation box and outer packaging PAPERS: Certificate of Origin dated 2019, Manual ACCESSORIES: Original composite material strap with Aquanaut fold-over clasp

US$ 120,000 - 180,000

Please note this lot is the property of a private individual.

PATEK PHILIPPE 5968A-Aquanaut

FINE WATCHES

25

LOT 11 - 20

LOT 11

CARTIER Santos de Cartier - XL Chronograph REFERENCE: WSSA0017 CIRCA: 2022 CASE MATERIAL: Steel, ADLC bezel CASE DIAMETER: 43.3 mm CONDITION: Unworn

US$ 9,000 - 13,000

28

ARTIANA

STRAP: Black rubber strap with steel folding buckle DIAL: Satin-brushed silver MOVEMENT: Chronograph mechanical with automatic winding CALIBRE: 1904 CH MC FUNCTIONS: Hours, Minutes, Seconds, Date display between 5 and 7, Chronograph BOX: Fitted presentation box and outer packaging PAPERS: International Warranty card dated 2022 ACCESSORIES: Black “Gomma” alligator leather with steel folding buckle Please note this lot is the property of a private individual.

LOT 12

GIRARD-PERREGAUX Laureato 42 MM (Eternity Edition) REFERENCE: 81010-11-433-11A CIRCA: 2022 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 18,000 - 27,000

BRACELET: Stainless steel bracelet with steel triple-folding buckle DIAL: Green enamel with a guilloché sunray motif MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

29

LOT 13

BREITLING

REFERENCE: X82310A41B1S1 CASE MATERIAL: Breitlight® CASE DIAMETER: 44 mm CONDITION: Worn

TRAP: Yellow rubber strap with Breitlight® double tangtype buckle DIAL: Black MOVEMENT: Thermocompensated SuperQuartz™ CALIBRE: Breitling 82 FUNCTIONS: Hour, Minute, Second, Date, Chronograph BOX: Fitted presentation box and outer packaging PAPERS: International Warranty, Product manual ACCESSORIES: Black rubber strap, Breitling hang tag

US$ 3,000 - 5,000

Please note this lot is the property of a private individual.

Endurance Pro

30

ARTIANA

LOT 14

ROLEX Submariner Date - 'Kermit' REFERENCE: 16610LV CIRCA: 2009 CASE MATERIAL: Stainless steel CASE DIAMETER: 40 mm CONDITION: Worn

US$ 15,000 - 20,000

BRACELET: Stainless steel oyster bracelet with Rolex folding clasp DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3135 FUNCTIONS: Hour, Minute, Seconds, Date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card dated 2009, Guarantee manual

Please note this lot is the property of a private individual.

FINE WATCHES

31

LOT 15

REFERENCE: M126518LN-0012 CIRCA: 2024 CASE MATERIAL: 18K yellow gold CASE DIAMETER: 40 mm CONDITION: Unworn

STRAP: Oysterflex strap with folding Oysterlock safety clasp and Easylink 5 mm comfort extension link DIAL: Golden and bright black MOVEMENT: Perpetual, mechanical chronograph, selfwinding CALIBRE: 4131 FUNCTIONS: Hour, Minute and Seconds hands, Small seconds hand at 6, Chronograph, 30-minute counter at 3, 12-hour counter at 9, Stop seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Warranty Card, Guarantee Manual, Cosmograph Daytona Manual

US$ 48,000 - 64,000

Please note this lot is the property of a private individual.

ROLEX Cosmograph Daytona

FINE WATCHES

33

LOT 16

GIRARD-PERREGAUX Laureato Skeleton REFERENCE: 81015-11-001-11A CIRCA: 2023 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 40,000 - 60,000

BRACELET: Steel bracelet with steel triple-folding buckle DIAL: Openworked skeleton dial MOVEMENT: Self-winding, mechanical CALIBRE: GP01800-0006 FUNCTIONS: Hours and minutes, Centre seconds BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

35

LOT 17

ROLEX Oyster Perpetual GMT-Master II REFERENCE: M126711CHNR-0002 CIRCA: 2024 CASE MATERIAL: Oystersteel and everose gold CASE DIAMETER: 40 mm CONDITION: Unworn

US$ 22,000 - 30,000

BRACELET: Oystersteel and everose gold flat three-piece links with folding Oysterlock safety clasp and Easylink 5 mm extension link DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding, GMT function CALIBRE: 3285 FUNCTIONS: Hours, minutes and seconds, 24-hour display, Second time zone with independent rapid-setting of the hour hand, Instantaneous date, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer Certification, Warranty card, Guarantee manual, GMT-Master II brochure Please note this lot is the property of a private individual.

FINE WATCHES

37

LOT 18

ROLEX Oyster Perpetual Datejust 41 REFERENCE: M126300-0004 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 11,000 - 16,000

38

ARTIANA

BRACELET: Oystersteel jubilee bracelet with folding Oysterlock safety clasp DIAL: Silver MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3235 FUNCTIONS: Hour, Minute, Seconds hands, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: International Guarantee Card, Manual, Guarantee Booklet Please note this lot is the property of a private individual.

LOT 19

GIRARD-PERREGAUX Laureato Ceramic REFERENCE: 81010-32-631-32A CIRCA: 2022 CASE MATERIAL: Black ceramic CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 18,000 - 27,000

STRAP: Black ceramic with ceramic triple-folding buckle DIAL: Black with a Clous de Paris pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

39

LOT 20

AUDEMARS PIGUET

REFERENCE: 16202ST.OO.1240ST.02 CIRCA: 2023 CASE MATERIAL: Stainless Steel CASE DIAMETER: 39 mm CONDITION: Unworn

BRACELET: Stainless steel with Audemars Piguet folding clasp DIAL: “Bleu nuit nuage 50” dial with “Petite Tapisserie” pattern MOVEMENT: Selfwinding CALIBRE: 7121 FUNCTIONS: Hours, Minutes, Date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

US$ 80,000 - 120,000

Please note this lot is the property of a private individual.

Royal Oak 'Jumbo' Extra-Thin 16202

FINE WATCHES

41

LOT 21 - 30

LOT 21

ROLEX Submariner Date - 'Hulk' REFERENCE: 116610LV-0002 CIRCA: 2020 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Worn

US$ 21,000 - 26,000

BRACELET: Oystersteel flat three-piece links with folding Oysterlock safety clasp DIAL: Green MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3135 FUNCTIONS: Hour, Minute, Seconds, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Warranty card dated 2020

Please note this lot is the property of a private individual.

FINE WATCHES

45

LOT 22

AUDEMARS PIGUET

REFERENCE: 25960OR.00.11850R.01 CASE MATERIAL: 18K rose gold CASE DIAMETER: 39 mm CONDITION: Worn

BRACELET: 18K rose gold with AP folding clasp DIAL: White dial with “Grande Tapisserie” pattern MOVEMENT: Self-winding CALIBRE: 2385 FUNCTIONS: Chronograph, Centre Hours, Minutes, Seconds and Date BOX: Fitted presentation box and outer packaging PAPERS: Authenticity and Exclusivity Certificate, Instruction Manual

US$ 80,000 - 120,000

Please note this lot is the property of a private individual.

Royal Oak Chronograph

FINE WATCHES

47

LOT 23

ROLEX Explorer II REFERENCE: M226570-0002 CIRCA: 2021 CASE MATERIAL: Oystersteel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 10,000 - 15,000

48

ARTIANA

BRACELET: Oystersteel flat three-piece links with folding safety clasp and Easylink 5 mm comfort extension link DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3285 FUNCTIONS: Hour, Minute and Seconds, 24-hour display, GMT function with independent rapid-setting of the hour hand, Instantaneous date, Stop-seconds BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer Certification, Warranty card dated August 2021, Manual

Please note this lot is the property of a private individual.

LOT 24

GIRARD-PERREGAUX Laureato 42MM REFERENCE: 81010-11-431-11A CIRCA: 2022 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 14,000 - 20,000

BRACELET: Stainless steel bracelet with steel triple-folding buckle DIAL: Blue with a Clous de Paris pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

49

LOT 25

PATEK PHILIPPE 5168G-Aquanaut REFERENCE: 5168G-001 CIRCA: 2021 CASE MATERIAL: White Gold CASE DIAMETER: 42.2 mm CONDITION: Worn

US$ 75,000 - 100,000

STRAP: Midnight blue "Tropical" composite material strap with Aquanaut fold-over clasp DIAL: Blue embossed (black gradated), Gold applied numerals with luminescent coating MOVEMENT: Self-Winding Mechanical CALIBRE: 324 S C FUNCTIONS: Date, Sweep seconds BOX: Fitted presentation box and outer packaging PAPERS: Certificate of Origin dated 2021, Manual

Please note this lot is the property of a private individual.

FINE WATCHES

51

LOT 26

REFERENCE: M126500LN-0002 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Unworn

BRACELET: Oystersteel flat three-piece links bracelet with folding Oysterlock safety clasp DIAL: Black MOVEMENT: Perpetual, Mechanical Chronograph, SelfWinding CALIBRE: 4131 FUNCTIONS: Hour, Minutes, Seconds, Small seconds hand at 6, Chronograph, 30-minute counter at 3,12-hour counter at 9, Stop seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, Cosmograph Daytona Manual, Guarantee Manual

US$ 34,000 - 40,000

Please note this lot is the property of a private individual.

ROLEX Cosmograph Daytona

FINE WATCHES

53

LOT 27

AUDEMARS PIGUET

REFERENCE: 26393NR.OO.A002KB.01 CIRCA: 2023 CASE MATERIAL: 18K rose gold CASE DIAMETER: 41 mm CONDITION: Worn

STRAP: Black rubber strap with 18K rose gold AP buckle clasp DIAL: Smoked grey dial, vertical satin-finished MOVEMENT: Self-winding CALIBRE: 4401 FUNCTIONS: Flyback chronograph with Hour, Minute, Date, Small seconds, 70 hour power reserve BOX: Fitted presentation box and outer packaging PAPERS: Warranty Card, International Sales Warranty Booklet, Chronograph Flyback Manual

US$ 40,000 - 60,000

Please note this lot is the property of a private individual.

Code 11.59 Chronograph

FINE WATCHES

55

LOT 28

ROLEX Oyster Perpetual Datejust 41 REFERENCE: M126300-0020 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 11,000 - 16,000

56

ARTIANA

BRACELET: Oystersteel jubilee bracelet with folding Oysterclasp and Easylink 5mm comfort extension link DIAL: Mint green MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3235 FUNCTIONS: Centre hour, Minute, Seconds, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer certification, Warranty card dated 2023, Guarantee manual, Datejust brochure Please note this lot is the property of a private individual.

LOT 29

ROLEX Oyster Perpetual GMT-Master II - 'Batman' REFERENCE: M126710BLNR-0003 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Unworn

US$ 18,000 - 27,000

BRACELET MATERIAL: Oystersteel flat three-piece links with folding safety clasp and Easylink 5 mm comfort extension link DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3285 FUNCTIONS: Hour, Minute, Seconds, 24-hour display, GMT, Date, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer Certification, Warranty card, GMT- Master II manual, Guarantee booklet Please note this lot is the property of a private individual.

FINE WATCHES

57

LOT 30

PATEK PHILIPPE

REFERENCE: 5980/1R-001 CIRCA: 2020 CASE MATERIAL: Rose gold CASE DIAMETER: 40.5 mm CONDITION: Unworn

BRACELET: Rose gold bracelet with patented Patek Philippe fold-over clasp with lockable adjustment system DIAL: Black gradient, gold applied hour markers with luminescent coating MOVEMENT: Mechanical self-winding movement CALIBRE: CH 28-520 C FUNCTIONS: Hours, minutes, seconds, date, flyback chronograph BOX: Fitted presentation box and outer packaging PAPERS: Certificate of Origin, Warranty card, Manual

US$ 220,000 - 380,000

Please note this lot is the property of a private individual.

5980/1R Nautilus

FINE WATCHES

59

LOT 31 - 45

LOT 31

ROLEX Submariner Date REFERENCE: M126610LN-0001 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 16,000 - 24,000

62

ARTIANA

BRACELET: Oystersteel flat three-piece links bracelet with folding Oysterlock safety clasp DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3235 FUNCTIONS: Hour, Minute, Seconds, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer Certification swing tag, Warranty card, Guarantee manual, Submariner Date brochure

Please note this lot is the property of a private individual.

LOT 32

GIRARD-PERREGAUX Laureato 42MM REFERENCE: 81010-11-3153-1CM CIRCA: 2023 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 14,000 - 20,000

BRACELET: Stainless steel bracelet with steel triple-folding buckle DIAL: Sunray green with a ‘Clous de Paris’ pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

63

LOT 33

ROLEX Oyster Perpetual Datejust 41 REFERENCE: M126300-0011 CIRCA: 2021 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 10,000 - 15,000

BRACELET: Oystersteel flat three-piece links with folding Oysterclasp and Easylink 5mm comfort extension link DIAL: Bright black MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3235 FUNCTIONS: Hour, Minutes, Seconds, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer certification, Warranty card dated November 2021, Guarantee manual, Datejust brochure

Please note this lot is the property of a private individual.

FINE WATCHES

65

LOT 34

GIRARD-PERREGAUX Laureato Absolute Chronograph Aston Martin F1 Edition REFERENCE: 81060-41-3071-1CX CIRCA: 2022 CASE MATERIAL: Titanium & carbon case with carbon extracted from two F1 race cars used during the 2021 season CASE DIAMETER: 44 mm CONDITION: Unworn

US$ 30,000 - 50,000

STRAP: GP Rubber Alloy in Aston Martin Racing Green – a mix of rubber and carbon extracted from two Formula One race cars used during the 2021 season with titanium PVD folding buckle DIAL: Sunray "Aston Martin Racing Green" with crosshatching MOVEMENT: Self-winding, mechanical CALIBRE: GP03300 LIMITED EDITION of 306 FUNCTIONS: Chronograph, date, hours and minutes, small seconds BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual Please note this lot is the property of a private individual.

FINE WATCHES

67

LOT 35

AUDEMARS PIGUET Royal Oak Selfwinding REFERENCE: 15551ST.ZZ.1356ST.04 CIRCA: 2023 CASE MATERIAL: Stainless Steel CASE DIAMETER: 37 mm CONDITION: Unworn

US$ 55,000 - 75,000

BRACELET: Stainless steel with Audemars Piguet folding clasp DIAL: Light blue dial with “Grande Tapisserie” pattern framed with 40 brilliant-cut diamonds bezel (~0.92 carat) MOVEMENT: Selfwinding CALIBRE: 5900 FUNCTIONS: Hours, minutes, centre seconds and date BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

69

LOT 36

GIRARD-PERREGAUX Laureato 42MM REFERENCE: 81010-11-634-11A CIRCA: 2022 CASE MATERIAL: Stainless steel CASE DIAMETER: 42 mm CONDITION: Unworn

US$ 12,000 - 18,000

70

ARTIANA

BRACELET: Stainless steel bracelet with steel triple-folding buckle DIAL: Black with a Clous de Paris pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP01800 FUNCTIONS: Centre seconds, date, hours and minutes BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

Please note this lot is the property of a private individual.

LOT 37

ROLEX Oyster Perpetual 41 REFERENCE: M124300-0005 CIRCA: 2021 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 12,000 - 18,000

BRACELET: Oystersteel flat three-piece links with folding safety clasp and Easylink 5 mm comfort extension link DIAL: Green MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3230 FUNCTIONS: Hours, minutes and seconds, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer certification swing tag, Warranty card dated 2021, Guarantee manual, Oyster Perpetual 41 brochure

Please note this lot is the property of a private individual.

FINE WATCHES

71

LOT 38

AUDEMARS PIGUET Royal Oak Offshore Selfwinding Chronograph REFERENCE: 26405CE.OO.A030CA.01.A CIRCA: 2023 CASE MATERIAL: Black Ceramic CASE DIAMETER: 44 mm CONDITION: Unworn

US$ 42,000 - 48,000

STRAP: Blue "textile" rubber strap with titanium Audemars Piguet pin buckle DIAL: Smoked blue with “Méga Tapisserie” pattern MOVEMENT: Self-winding CALIBRE: 3126/3840 FUNCTIONS: Chronograph, Date, Hours, Minutes, Seconds BOX: Fitted presentation box and outer packaging PAPERS: International Warranty card, International Sales Warranty booklet, Calibre 3126/3840 Instruction manual

Please note this lot is the property of a private individual.

FINE WATCHES

73

LOT 39

REFERENCE: M126500LN-0001 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Unworn

BRACELET: Oystersteel flat three-piece links bracelet with folding Oysterlock safety clasp DIAL: White MOVEMENT: Perpetual, Mechanical Chronograph, SelfWinding CALIBRE: 4131 FUNCTIONS: Hour, Minutes, Seconds, Small seconds hand at 6, Chronograph, 30-minute counter at 3,12-hour counter at 9, Stop seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, Cosmograph Daytona Manual, Guarantee Manual

US$ 35,000 - 45,000

Please note this lot is the property of a private individual.

ROLEX Cosmograph Daytona - 'Panda'

FINE WATCHES

75

LOT 40

PATEK PHILIPPE 4947/1A Complications (Annual Calendar Moon Phases) REFERENCE: 4947/1A-001 CIRCA: 2023 CASE MATERIAL: Steel CASE DIAMETER: 38 mm CONDITION: Unworn

US$ 40,000 - 60,000

BRACELET: Steel bracelet with fold over clasp DIAL: Blue, vertical and horizontal satin-finish (“shantung” finish), gold applied numerals MOVEMENT: Self-winding mechanical movement CALIBRE: Caliber 324 S QA LU FUNCTIONS: Hours, Minutes, Sweep seconds, Date, Annual Calendar, Day and month by hands, Moon phases BOX: Fitted presentation box and outer packaging PAPERS: Certificate of Warranty, Manual

Please note this lot is the property of a private individual.

FINE WATCHES

77

LOT 41

ROLEX Oyster Perpetual Datejust 41 REFERENCE: M126300-0015 CIRCA: 2022 CASE MATERIAL: Oystersteel CASE DIAMETER: 41 mm CONDITION: Unworn

US$ 10,000 - 15,000

78

ARTIANA

BRACELET: Oystersteel flat three-piece links with folding Oysterclasp and Easylink 5mm comfort extension link DIAL: White MOVEMENT: Perpetual, mechanical, self-winding CALIBRE: 3235 FUNCTIONS: Hour, Minutes, Seconds, Instantaneous date with rapid setting, Stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Superlative Chronometer certification, Warranty card dated January 2022, Guarantee manual, Datejust brochure

Please note this lot is the property of a private individual.

LOT 42

ROLEX GMT-Master II - 'Left Handed Sprite' REFERENCE: M126720VTNR-0002 CIRCA: 2023 CASE MATERIAL: Oystersteel CASE DIAMETER: 40 mm CONDITION: Unworn

US$ 21,000 - 26,000

BRACELET: Oystersteel jubilee bracelet (five-piece links) with folding Oysterlock safety clasp DIAL: Black MOVEMENT: Perpetual, mechanical, self-winding, GMT function CALIBRE: 3285 FUNCTIONS: Hours, minutes, seconds, 24-hour display, second-time zone with independent rapid-setting of the hour hand, instantaneous date, and stop-seconds for precise time setting BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, Guarantee manual, GMT-Master II brochure Please note this lot is the property of a private individual.

FINE WATCHES

79

LOT 43

GIRARD-PERREGAUX

REFERENCE: 81020-11-131-11A CIRCA: 2022 CASE MATERIAL: 904L Steel CASE DIAMETER: 42 mm CONDITION: Unworn

BRACELET: 904L steel bracelet with steel triple-folding buckle DIAL: Silver with a Clous de Paris pattern MOVEMENT: Self-winding, mechanical CALIBRE: GP03300 FUNCTIONS: Chronograph, date, hours and minutes, small seconds BOX: Fitted presentation box and outer packaging PAPERS: Warranty card, International Warranty booklet, Instruction Manual

US$ 16,000 - 24,000

Please note this lot is the property of a private individual.

Laureato Chronograph 42 - 'Panda'

FINE WATCHES

81

LOT 44

AUDEMARS PIGUET

REFERENCE: 15510ST.OO.1320ST.06 CIRCA: 2023 CASE MATERIAL: Stainless Steel CASE DIAMETER: 41 mm CONDITION: Unworn

BRACELET: Stainless steel with Audemars Piguet folding clasp DIAL: "Bleu nuit, Nuage 50” dial with “Grande Tapisserie” pattern MOVEMENT: Self-winding CALIBRE: 4302 FUNCTIONS: Hours, minutes, centre seconds and date BOX: Fitted presentation box and outer packaging PAPERS: International Warranty booklet, Warranty card, Instruction Manual

US$ 54,000 - 60,000

Please note this lot is the property of a private individual.

Royal Oak Selfwinding

FINE WATCHES

83

LOT 45

JACOB AND CO Casino Tourbillon (Limited Edition) REFERENCE: CA100.40.AA.AA.ABALA CIRCA: 2023 CASE MATERIAL: 18K rose gold CASE DIAMETER: 44 mm CONDITION: Unworn

US$ 250,000 - 350,000

STRAP: Black alligator leather with 18K Rose Gold Deployment Buckle DIAL: Black Onyx with 5N Indexes, Roulette with ceramic ball MOVEMENT: Manual, Tourbillon CALIBRE: Manual Winding JCAM51 FUNCTIONS: Hours and Minutes, Tourbillon cage visible on case back at 6 o'clock (1 rotation/min), Roulette animation on demand (pusher at 8 o'clock) BOX: Fitted presentation box and outer packaging PAPERS: Warranty Card, Instruction Manual

Please note this lot is the property of a private individual.

FINE WATCHES

85

END OF SALE

BRAND PROFILES AND INDEX Audemars Piguet

Lot 38

Lot 20

Lot 5

Lot 27

Lot 44

Lot 22

Lot 35

Audemars Piguet is the oldest fine watchmaking manufacturer still in the hands of its founding families (Audemars and Piguet). Standing on the strength of tradition and history, this great watchmaking house traverses centuries of technical design and innovation, firm in its position as one of Switzerland's leading brands. The company had two distinct watchmaking founders - Jules Audemars and Edward Auguste Piguet. These two horological masters met in 1875 and over the years, worked together to create exceptional timepieces that paved the way to the foundation of their company with the premise of consistent high-quality watchmaking. In 1881 at the heart of the Swiss Jura in theVallée de Joux, the company known as Audemars, Piguet & Compagnie was legally formed to manufacture and market high-end timepieces produced to exacting standards. Built on the strength of character of its founders, the company succeeded in the creation of numerous masterpieces embodying a remarkable degree of horological perfection and has written some of the finest chapters in the history of Haute Horlogerie, including several world firsts. One of which was creating the world's first-minute repeating movement for wristwatches in 1892. They were also the first to develop the skeleton watch in 1934 and manufactured some of the thinnest watches in the world, such as the 1986 ultra-thin automatic tourbillon wristwatch (Calibre 2870).The brand's famous 1972 octagonal Royal Oak is widely recognized as one of the most important innovations in watchmaking. As the first luxury watch to be made of stainless steel, it catapulted Audemars Piguet's rise to prominence within the industry. Nowadays, collectors and connoisseurs equate the brand with the Royal Oak, which has since become a standard of excellence and symbol of power and wealth internationally.

Breitling Timekeeping in aviation is now almost synonymous with Breitling. The company, founded in 1884 by Léon Breitling in Saint-Imier in Switzerland, initially dedicated to the field of aviation, focused on the development of technology complementary to the exacting nature of the industry. It remained family-owned until 1979 when it was bought by Ernst Schneider. In 2018, the company was sold and acquired by CVC Capital Partners.The brand made incredible headway in the world of chronographs and wristwatches earlier in the century when Willy Breitling, grandson to founder Léon Breitling, recognized the fascination flight would hold and began producing onboard chronographs focusing on technical precision, reliability, and durability.Through the brand, he introduced an onboard chronograph for airplanes in 1936, which would later be used by over 30 airlines. In 1939, Breitling signed a contract with the British Air Ministry to make flight chronographs for the Royal Air Force - sealing its association with aircraft navigation and invention. By 1953, the brand started introducing different lines to diversify their products and target different parts of the market, producing wristwatches in precious metals and elegant shapes along with their signature rugged pilot and military timepieces.To this day, Breitling is the only major watch brand, whose entire watch production is COSC certified. In addition to the technical superiority of the COSC certification, every Breitling timepiece is crafted from top quality titanium, steel, 18-karat gold, or the most Lot 13 precious of metals - platinum. With more than a century of technical prowess and cutting-edge product development, Breitling is poised for the future with an extensive line that caters to today's fast-paced, high-tech hobbies and lifestyles requiring innovative and distinctive watches that can perform in all fields of sport and profession.

FINE WATCHES

87

Cartier Cartier International SNC, or simply Cartier, is a French luxury goods conglomerate that designs, manufactures, distributes, and sells jewelry and watches. Founded by Louis-François Cartier in Paris in 1847, the company was taken over by his son Alfred Cartier in 1874 but it was his grandsons Louis, Pierre, and Jacques who would establish the brand name worldwide. It was not until 1898 when Louis-Joseph Cartier joined the family business that the illustrious jeweler would establish and developed the watchmaking division. Louis while running the Paris branch of the brand, was responsible for some of the company's most celebrated designs, such as the mystery clocks, fashionable wristwatches, and exotic orientalist Art Deco designs, including the colorful "Tutti Frutti" jewels. In 1904, Brazilian pioneer aviator and Louis Cartier's friend, Alberto Santos-Dumont, complained of the unreliability and impracticality of using pocket watches while flying leading to Cartier designing a flat wristwatch with a distinctive square bezel. Named the "Santos" watch, Cartier's first men's wristwatch and would propel the brand in the upper Lot 7 Lot 11 echelons of watchmaking. Shortly after in 1907, Cartier began to work in partnership with Edmond Jaeger who agreed to exclusively supply the movements for Cartier watches.The brand would enjoy another phenomenal success on the introduction of the Tank in 1919, inspired by the American armored vehicles which took part in the First World War. During this time, the company now run by the Cartier brothers had become an international empire. It was also during this period that Cartier began adding its reference numbers to the watches it sold, usually by stamping a four-digit code on the underside of the lug. In 1942, following the death of his brothers, Pierre Cartier took over the business.With him on the helm, Cartier started fitting their watches with movements from the biggest names in watchmaking, such as Patek Phillipe,Vacheron Constantin, and Audemars Piguet signaling the brand's push for prestige and creating an image of exclusivity. The company remained under family control until 1964 and currently a subsidiary of the Swiss Richemont Group.

Girard-Perregaux

Lot 24

Lot 19

Lot 6

Lot 32

Lot 3

Lot 36

Lot 9

Lot 43

Lot 12

Lot 34

Lot 16

Girard-Perregaux, in business for 230 years, is one of the oldest Swiss watchmakers who mastered the art of watchmaking and retained its operation in Switzerland. Founded in 1791 by watchmaker and goldsmith Jean-François Bautte, the manufacturer was the first in the horological business to have all watchmaking facets done in-house, from design to assembly. Known as the House of Bautte, it was later acquired by the Girard-Perregaux Manufacture, owned by husband and wife - Constant Girard and Marie Perregaux - both from prominent watchmaking families in La Chaux-deFonds, to became Girard-Perregaux & Cie in 1906. Some of the brand’s most celebrated models include the Art déco-inflected Vintage 1945, the Three Bridges Tourbillon, inspired by an archival pocket-watch from 1867, and the Constant Escapement L.M., which features a revolutionary silicon blade thinner than a human hair.The sporty Laureato is an enduring classic, referencing the design cues of the 1970s with an octagonal bezel and satin-brushed bracelet strap. Girard-Perregaux continues to apply its expertise in a modern approach focusing on innovation and excellence. In 2013, the company pioneered a cutting-edge silicon blade for its award-winning and ultra-precise Constant Escapement L.M., followed by the launch of its first water-resistant and lightweight material - Carbon Glass in 2019.

88

ARTIANA

IWC Schaffhausen IWC International Watch Co. AG, or IWC Schaffhausen, is a luxury Swiss watch manufacturer based in Switzerland.

Founded by American watchmaker Florentine Ariosto Jones to combine Swiss craftsmanship with modern engineering technology from the U.S. to manufacture watch movements and other watch parts for the American market. The only watch manufacturers in north-eastern Switzerland at the time, The International Watch Company, previously known as the International Watch Chronology, was founded in Schaffhausen in 1868. IWC established itself in 1893 with the invention of Calibre 52, later known as the Schaffhausen. It has specialized in the creation of complicated movement ever since reaching its peak with the pocket watch version of the Grande Complication.The "Probus Scafusia" stamp became the unrivaled mark of quality, prized by serious collectors. During the quartz revolution, the brand continued to design complicated models such as the DaVinci. It was also during this time that IWC pioneered new watchmaking technologies, notably the first titanium bracelets, developed in 1978.Then in 1990, Grande Complication was born, followed in 1993 Lot 4 by the IWC flagship model, the Schaffhouse Destrier, launched to marks its 120th Anniversary.This was succeeded by the Portugieser Uhr, a commemorative limited edition. IWC has been a subsidiary of the Swiss Richemont Group since 2000.

Jacob and Co Founded in 1986, Jacob & Co. is a luxury watch brand by a young jeweller from Uzbekistan who immigrated to the U.S. The brand quickly gained recognition for its bold and innovative designs, which incorporated precious metals and gemstones in new and exciting ways. One of Jacob & Co.'s signature timepieces is Astronomia, which features a unique three-dimensional design that showcases a miniature solar system on the dial.The watch, equipped with a triple-axis tourbillon and a patented differential system, ensures precise timekeeping. Another timepiece is the Opera Godfather Minute Repeater, which features a striking design inspired by the classic film,The Godfather.

The watch boasts a minute repeater complication, which allows the wearer to chime the time on demand, as well as a tourbillon and a unique automaton that depicts a scene from the movie. In collaboration with the iconic French carmaker, it also created the Twin Turbo Furious Bugatti 300+ timepiece featuring a striking design inspired by the Bugatti Chiron and a highly complex movement, notably the twin triple-axis tourbillon, and a decimal repeater.

Jacob & Co. has also released several other highly sought-after watches featuring complex mechanical movement and eye-catching designs that showcase the brand's commitment to innovation and creativity. Jacob & Co.'s timepieces are highly prized by collectors and enthusiasts for their unique and distinctive designs, as well as their exceptional craftsmanship and attention to detail.The brand's use of unusual materials, such as meteorite and carbon Lot 45 fibre, further sets its watches apart from its competitors.With a commitment to innovation and creativity, Jacob & Co. is a brand that appeals to those who appreciate exceptional design and exquisite craftsmanship.

Patek Philippe

Lot 40

Lot 10

Lot 30

Lot 25

Patek Philippe & Co. (PP) is a Swiss ultra-luxury watch manufacturer founded in 1852, located in Geneva and the Vallée de Joux. It designs and manufactures timepieces and movements including some of the most complicated mechanical watches. It is considered by many experts and aficionados to be one of the most prestigious mainstream watch brands along with Audemars Piguet,Vacheron Constantin, and A. Lange & Söhne.

Polish watchmaker Antoni Patek started making pocket watches in 1839 in Geneva, along with his fellow Polish assistant Franciszek Czapek.They separated in 1844, and in 1845 Patek joined with the French watchmaker Adrien Philippe, inventor of the key-less winding mechanism. Patek Philippe & Co was founded in 1851. Patek Philippe pioneered the perpetual calendar, split-seconds hand, chronograph, and minute repeater in watches. Like other Swiss manufacturers, the company produces mostly mechanical movements of the automatic and manual wind variety but has produced quartz watches in the past, and a digital wristwatch, the Ref. 3414. Patek was notable for being one of 20 Swiss watch companies to develop the first Swiss production watch the beta 21 used by other manufactures in watches such as the Omega Electroquartz watches.

FINE WATCHES

89

Rolex

Lot 33

Lot 17

Lot 18

Lot 41

Lot 31

Lot 14

Lot 1

Lot 37

Lot 28

Lot 8

Lot 26

Lot 29

Lot 15

Lot 23

Lot 39

Lot 21

Lot 42

Rolex S.A. is a luxury watch manufacturer based in Geneva, Switzerland. Originally founded as Wilsdorf and Davis by Hans Wilsdorf and Alfred Davis in London, England in 1905, the company registered Rolex as the brand name of its watches in 1908. In 1920 the company's name was officially changed to Montres Rolex S.A. and later to Rolex S.A.Wilsdorf's desire for originality and quality led him to develop a small calibre in cooperation with the firm of Aegler in Bienne, Switzerland that revolutionized the wristwatches and brought him to the forefront of the Swiss watchmaking industry. Wilsdorf believes that the three vital components to a good watch are precision, waterproofness, and automatic winding.

Three components he tackled one by one as he grew the Rolex brand. First was precision, which he achieved through stringent quality control, making sure each timepiece was submitted to tests carried out by impartial institutes and making sure that no Rolex chronometer will be sold without its Official Timing Certificate. The brand received its first chronometer bulletin in 1910 from the school of Horology at Bienne, after introducing, the world's first wrist chronometer.The company also received a Class A precision certificate, a distinction normally granted exclusively to the marine chronometer, from the King's Observatory (formerly Kew Observatory) in 1914.The second component was waterproofness, which stemmed from the recognition that precision movements needed maximum protection against the elements to maintain their accuracy. To solved this predicament, Rolex developed and introduced the Rolex "Oyster" in 1926, with the winding crown screwed down the case using a twin lock system. The case was hermetically sealed providing optimal protection against water or dust and will be the hallmark for all Rolex watch cases thereafter.The third and last component was automatic winding, which led to the development of a self-winding mechanism called a Perpetual rotor in 1931 - a semi-circular plate that relies on gravity to move freely. Patented and called the Rolex Perpetual, it became the first wristwatch to use a 360° winding rotor and would become the basis of all future automatic watches throughout the industry.With more than a century in the industry, Rolex prides itself on precision, accuracy, and durability standing on its founder's belief that quality and pride in manufacturing were imperative.To this date, the company continues to produced millions of certified chronometers and wristwatches to the same exacting standards it was founded on.

90

ARTIANA

Vacheron Constantin

Vacheron Constantin SA is a Swiss luxury watch and clock manufacturer founded in 1755. Regarded as the oldest Swiss manufacturer and one of the oldest watchmakers in the world with more than 260 years of uninterrupted watchmaking history since its foundation. The company was founded by Jean-Marc Vacheron, an independent watchmaker in Geneva, Switzerland. He and his company would create the first horological complication in 1770, and nine years later would design the first engine-turned dials. His son, Abraham Vacheron, took over the family business in 1785, and in 1810, Jacques-Barthélemy Vacheron, his grandson, became the head of the company.

Under Jacques-Barthélemy leadership, the company initiated its exports to France and Italy. Consequently, in 1819, he would partner with François Constantin and the company would continue its activities under the new name Vacheron & Constantin. In 1833,Vacheron & Constantin hired Georges-Auguste Leschot, who will invent the mass production of high-quality watch parts and the first person to standardize watch movements into calibers.These inventions brought the company success and had a significant impact on the watchmaking industry in general. For this achievement, he was awarded a gold medal from the Arts Society of Geneva in 1884. Already a highly regarded watch manufacturer, the company was renamed Vacheron & Constantin, Fabricants, Geneve in 1877, and by 1880, the company started using the Maltese cross as its symbol - inspired by a component of the barrel, that had a cross-shape and was used for limiting the tension within the mainspring.Vacheron & Constantin Lot 2 was awarded a gold medal at the Swiss National Exhibition in Geneva in 1887 and would later receive the first Geneva Seal (Hallmark of Geneva) for its timepieces.Vacheron & Constantin found themselves in a difficult situation during the Great Depression and in 1940 the previously family-owned venture was acquired by Georges Ketterer. In 1970, the company officially changed its name toVacheron Constantin. It would change hands a few more times before it was bought by the Swiss Richemont Group in 1996. Even with the early successes, the company continued to push the envelope in watch manufacturing, achieving notable feats such as the creation of the "Grande Complication" pocket watch, No. 402833, for King Fuad I of Egypt in 1929, producing the world's thinnest manual-winding movement, the Calibre 1003 in 1955, and creating the world's thinnest minute repeater the Calibre 1755 in 1992. Recently in 2015,Vacheron & Constantin created Reference 57260, the most complicated mechanical watch ever made, with 57 complications. Currently, the company is an active member of the Federation of the Swiss Watch Industry FH and produces about 20,000 timepieces per year.

FINE WATCHES

91

IT’S EASY 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.

92

ARTIANA

2. BIDDING

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

3. PAYING AND TAKING IT HOME

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 What You Pay’.

Payment As the Successful Bidder, you will only pay the Winning bid amount, along with any applicable charges for additional services availed and VAT 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

AUCTION CLOSING SCHEDULE 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

1 - 10

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.

11 - 20

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.

21 - 30

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.

31 - 45

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.

EASTERN AUSTRALIA UTC +10:00

12:30 a.m.

(February 20)

1:00 a.m.

(February 20)

1:30 a.m.

(February 20)

2:00 a.m.

(February 20)

FINE WATCHES

93

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.

94

ARTIANA

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.

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

BIDDING ACCESS LEVELS 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

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

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 Minimum Value.

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.

FINE WATCHES

95

BUYING AT ARTIANA 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 designated VAT 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.

96

ARTIANA

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.

FINE WATCHES

97

• 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

98

ARTIANA

FINANCE AT ARTIANA What is Artiana Fine Art Finance?

Artiana Fine Art Finance is our art finance advisory division. Leveraging upon the strength of our auction house platform, we specialize in financing solutions that cater to both—buyers in our auctions as well as others who can borrow against blue-chip Indian art works.

What services does Artiana Fine Art Finance provide?

We provide finance solutions to consignors and FlexiPay options to buyers at our auctions, and arrange advances secured against Indian fine art at competitive interest rates. Our bespoke finance solutions provide financing for fresh acquisitions or existing collections.

What is FlexiPay? Buyers at our auctions can avail of our FlexiPay scheme to pay for the lots won by them subject to eligibility, and securing a pre-approval before the auction. Bidders intending to use FlexiPay to pay for their items should contact the auction desk before the auction with details of the total anticipated amount and specific lot/s that would be required to be covered by the FlexiPay scheme in case the bids are successful.The FlexiPay scheme covers up to 80% of the lower estimate value of the lots excluding any taxes and/or levies, and the balance amount over and above the amount covered by the FlexiPay scheme has to be settled within the regular timeline as mentioned in the invoice.The item/s remain in the custody of Artiana till all amounts due under the scheme and any other incidental charges are cleared in full by the buyer.

What is the tenor and charges for the FlexiPay scheme?

The maximum amount covered by the FlexiPay scheme is up to 80% of lower estimate value of the respective lot, which can be divided into equal payments ranging from 3 to 12 months and the service charges payable for availing the scheme is a flat rate of 12 % p.a. prorated as per the payment tenor.There is no arrangement fee or storage charges applicable whereas insurance charges are billed at actuals to all FlexiPay clients.

Why finance or borrow against art?

By financing their purchases at Artiana auctions, clients can take advantage of opportunity buys and schedule a delayed or installment payment on their acquisitions based on their cash flows. By leveraging existing artworks, our clients optimize the use and enjoyment of their collection, while unlocking equity and allowing further portfolio diversification.

What type of art does Artiana Fine Art Finance accept as collateral?

We will consider individual artworks and collections of blue-chip Indian fine art as collateral.Artworks must be freely marketable and produced by prominent artists with an existing track record in the secondary market.

What is the artwork evaluation process for external art collateral?

We are an auction house, and offer advisory services on a highly confidential basis to evaluate artworks.The individual artwork or collection will be estimated by us as if they are being proposed for auction, and the advance against these item/s will typically be 50% of the lower estimate value offered by us.We will also require an independent inspection by a conservator.

What Loan-To-Value (LTV) does Artiana Fine Art Finance offer against the artworks?

We will typically advance up to 80% of the lower estimate value of artworks purchased at our auctions or up to 60% of the appraised value of the proposed external art collateral.

What are the advance sizes that Artiana Fine Art Finance offers?

We arrange advances starting at USD 50,000 and can assist in securing advances of substantially larger amounts. For buyers at our auctions we can offer a reduced threshold on a case-to-case basis.

How long does the disbursal take?

The approval depends on the location of the artworks and the clients’ art ownership structure. However, our domain expertise and large, liquid balance sheets of our financiers allow us to complete the process more quickly than traditional operators.

Do our clients retain possession of their art?

No, we require that the artwork be held as collateral in our art storage facility till the advance has been fully paid back to our financier.

Will the artworks be insured during the term they are held as collateral in storage?

Throughout the term that the artworks are held as collateral they will be insured at double of the advance amount, to cover the full value of the art asset.The policy will be assigned to us for distributing the amounts as stipulated, between the client and financier.The insurance covers the items right from the time of collection, during storage until the final handover.

Who owns the artworks during the term they are held as collateral in storage?

The artworks remain the clients’ property during the entire storage period.

What are the advantages of Artiana’s Fine Art Finance compared to a traditional bank loan?

Our advances offer flexibility and a variable tenors up to 24 months with a no-charge early exit option. Unlocking equity and receiving liquidity without cumbersome documentation and credit approval process.There is no personal liability, the collateralized artworks are the sole guarantee towards the advance (non recourse).

FINE WATCHES

99

What are the early exit options before expiry of the agreed tenor?

Clients can request an early exit before the expiry of the agreed tenor by giving 30 days notice without any exit charges being payable.Any advance service charges collected in such cases will be non-refundable.

What are the charges and costs for the service and advance?

Artiana Fine Art Finance will charge an arrangement fee of 2% of the advance amounts arranged against external art assets, this fee is waived for finance arranged against purchases made in our auctions. Depending on the value, tenor and terms of the advance the charges are calculated at typically 15 % p.a., payable quarterly in advance for fixed maturity payments, and at a flat rate of 12 % p.a. for monthly installment payments.

The charges are set at the start of the facility and fixed for the entire tenor.There are no additional costs for evaluation and storage, insurance cover is procured by Artiana to cover the full value of the asset and billed at actuals to the client.

• FlexiPay scheme for buyers at our auctions • Bespoke solutions for consignors and collectors • Fast decisions and quick disbursals • Flexible tenors and repayment options • No early exit fees payable

100

ARTIANA

CONDITIONS OF SALE

Artiana: Artiana refers to our relevant corporate entity acting as a representative of either itself, any of its affiliates, assigns or any of its Sellers.

• For any and all clients and/or transactions from Rest of World except the UAE: Refers to Artiana Limited, a company duly incorporated in RAK International Corporate Centre - UAE, bearing registration number IC20120900.

• For any and all clients and/or transactions from within the UAE: Refers to Artiana FZE, a company duly incorporated in the Hamriyah Freezone - UAE, bearing registered number 19542.

(Designated VAT exempt free zones within the UAE are deemed as Rest of World region) Artiana Server: The system(s) that provides computer devices with access to resources shared on computer networks, including Artiana data, application files and printers.

Auction: An auction of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website on the date indicated in the Auction Catalogue.

Auction Catalogue: The catalogue as published by Artiana, whether in print, on the Mobile Application, or on the Website, including the Print Auction Catalogue, the MobileApp Auction Catalogue, the Online Auction Catalogue, and the eCatalogue with respect to an Auction, containing details of the Auction along with the description, price and other details of Properties to be offered for sale at such Auction. In case of any discrepancy between the Print Auction Catalogue, the MobileApp Auction Catalogue, the Online Auction Catalogue and/or the eCatalogue, the Online Auction Catalogue, as modified by Artiana from time to time, shall take precedence.

Auction Closing Schedule: The schedule specifying the closing times for Bids for each Lot to be sold through the Auction as specified in the Auction Catalogue.

Bid: The price offered by a Bidder to purchase a particular Property offered for sale at an Auction.

Bidder:A person making a Bid for the purchase of one or more Property(ies) offered for sale at an Auction in accordance with the terms and conditions set out in the Conditions of Sale and such person shall be deemed to have entered into all applicable contracts under the governing law.

Buyer: The Bidder making the Winning Bid with respect to a Property(ies), who has thereby agreed to pay/ has paid the Sale Price payable with respect to such Property(ies).

Closing Date: The date specified in the Auction Closing Schedule on which the Auction closes.

Closing Time: The time at which the Auction for any of the Lot Groups listed in the Auction Closing Schedule closes.

Conditions of Sale: The Conditions, which are published in any of the Auction Catalogues and are applicable to every Bid and every sale of Property made through an Auction. In case of a conflict between the Conditions published in the Online Auction Catalogue and in the Print Auction Catalogue or eCatalogue, the Online Auction

Catalogue version, as modified by Artiana from time to time, shall take precedence.

Cultural Artifacts: Antiquities and items of historical interest or significance designated as Cultural Property.

Description: All the details of a Property as set out in the Auction Catalogue and may include, without limitation, the name of the artist, designer or manufacturer, the title of the Property, and the following additional details.

• For Artworks: The signature of the artist/date of the Property (if any), the surface, medium, edition number (wherever applicable) and dimensions of the Property.

• For Precious Objects: Any other features or characteristics of the Property mentioned in the Auction Catalogue. eCatalogue: An electronic reproduction of the Print Auction Catalogue that may be made available on the Website for certain auctions.

Lot Groups:The Properties grouped together for Auction that will close at a particular time.

Mobile Application: Refers to Artiana’s proprietary mobile auction application, as updated from time to time, and available for download from the Apple App Store or Google Play, for the purpose of viewing the Auction Catalogue, placing Bids, viewing Auction results, accessing other information related to Artiana or the Auction, and receiving push notifications on a mobile device.

MobileApp Auction Catalogue: The screens within the Mobile Application relating to the Auction, as may be amended from time to time.

Notices: Information included in the Auction Catalogue by Artiana - whether in print or online or on the Mobile Application - to correct errors and omissions in the Auction Catalogue. Although these are provided for the Bidders’ convenience, the Online Auction Catalogue, as modified by Artiana from time to time, shall take precedence in all cases of discrepancy.

Online Auction Catalogue: The web pages on the Website relating to the Auction, as may be amended from time to time including web pages accessible via the link “Auction Catalogue” (including all pages providing details related to the Property(ies)), as well as additional pages containing details of the Auction accessible via the link “About the Auction.”

Precious Objects: Jewellery, watches, loose precious stones and any other objects offered for sale within the context of an Auction.

Print Auction Catalogue: The printed version of the Auction Catalogue.

Property/Lot: The Artworks, Precious Objects, and any other items offered by Artiana for sale, either individually or collectively (as a single unit), through the Auction.

Proxy Bid: Refers to any Proxy/Maximum Bid placed by a buyer on the Website authorising the auction software to automatically Bid on his behalf, until such Maximum amount is reached.

Reserve Price:The minimum price, as determined by Artiana and the Seller, acceptable for the sale of the Property through an Auction.

Seller: The party consigning the Property to Artiana as its agent for sale through Auction.

FINE WATCHES

101

Technical Downtime: The time period during which the Artiana Server or the Website is not operational due to a malfunction or planned maintenance.

Terms of Business: The terms of business executed between Artiana and the Seller including but not limited to the consignment agreement.

Website: The collection of HTML and/or internet data and media located at the URL www.artiana.com and/or any other URL linked to the Website.

Winning Bid/Sale Price: The highest Bid offered with respect to a Property at the Closing Time, where the Winning Bid shall either be higher than or equal to the Reserve Price.

Winning Bidder: The Bidder who has placed the Winning Bid. Written Bid: Refers to any Written/Absentee Bid recorded with Artiana upon submission of the completed Written/Absentee Bids form at least 12 hours before the first Closing Time.

By participating in this Auction, you acknowledge that you are bound by the Conditions of Sale as listed below and on the Website.

2.1. Artiana’s role as the agent of the Seller:Artiana undertakes to sell the Properties through Auction as the agent for and on behalf of the Seller.

2.2. Making a Bid constitutes an irrevocable offer to purchase the Property, and the acceptance of a Bid as the Winning Bid by Artiana shall result in an enforceable contract of sale between Artiana, acting solely as the agent of the Seller, and the Winning Bidder.

2.3. Artiana is authorised by the Seller to exercise its complete discretion in: • determining the form and content of the Descriptions in the Auction Catalogue, • granting Bidding access to a Bidder, • recording, rejecting or accepting Bids, and • deciding which Bid constitutes the Winning Bid, if any.

(Bidding access shall be given at Artiana’s discretion and Artiana may set limits on the total value of all Bids made and/or the number of Bids that may be made by a Bidder.Artiana may also require payment guarantees and/or deposits as a condition precedent to giving Bidding access to a Bidder. Bidders will be informed of the limits on the total Bid value and/or the number of Bids that they may make, if any, and will not be allowed to Bid further if either of such Bidding limit has been exhausted. Bid updates and time extensions, if any, shall be updated on the Website and Mobile Application. On both the Website and the Mobile App, Bidders may refresh their Bidding pages by clicking on the “Refresh Now” icon or the re-load/refresh buttons on their browsers, where applicable. Artiana shall evaluate the Bid histories of specific Lot Groups periodically to preserve the efficacy of the Auction process.This exercise may be conducted by Artiana internally or through third parties solely at the discretion of Artiana.)

2.4. Closing Times For the convenience of Bidders, particularly those who are placing Bids on more than one Lot, Lot Groups are scheduled to close at 30-minute time intervals during the Auction.

The Bidding for various Lot Groups shall be closed in accordance with the Auction Closing Schedule. However, in the event that Artiana records any Bidding activity in the 5 minutes prior to the

102

ARTIANA

closing of a Lot, the Closing Time for such a Lot shall be extended by 5 minutes from its originally scheduled Closing Time.The Closing Time shall continue to be extended in 5-minute increments for any subsequent Bidding received in the 5 minutes prior to the closing of such Lot. In the event that the Closing Time is extended in accordance with this Clause, bidding on the Lot shall only end if no Bidding activity is recorded by Artiana during the last 5 minutes of extended time. Bidders are advised to click on the “Refresh Now” icon on the Website page or in the Mobile Application at regular intervals in accordance with the provisions of Clause 2.5 for updates on latest Bids and time extensions if any.

2.5. Tracking Bids The Website shall contain a link titled ‘Lots I Bid On’ within the page ‘Current Auction’ and the Bidder may click on this link to access information on all Bids made on various Lots. For ease of tracking Bids, Bidders are advised to assign Bidding nicknames to themselves.

The Website and Mobile Application shall contain: • The Bid history for each Lot, being the last 5 Bid amounts that have been recorded until and including the current highest Bid; and • A countdown clock indicating the amount of time available for placing Bids before the Closing Time.

The Bid history, current Bid, and countdown clock shall be accurate at the time of downloading of those values, provided that such information has not changed during the time taken for this information to reach the Bidder’s computer or mobile device from the Artiana Server.The most updated Bid values shall be shown only when the Website page or the Mobile Application page containing the information on Bid values is refreshed; which shall happen either automatically at regular intervals (Every 5 minutes prior to one hour before the closing time of the first Lot/Lot Group and every 1 minute within the last hour of the closing time of the first Lot/Lot Group and shall continue refreshing every minute till the close of the last Lot/Lot Group) or when a Bidder clicks on the ‘Refresh Now’ icon on the Website page or in the Mobile Application page.

When the countdown clock counts down to zero, in the case where the Closing Time with respect to a particular Lot has been extended by a further 5 minutes pursuant to Clause 2.4 above, the countdown clock may not reflect such extension. As such, the Bidder may wait for the values on the page to refresh automatically on the Website, or click on the ‘Refresh Now’ link on the page or in the Mobile Application to determine whether the Closing Time has been extended for that Lot. The countdown clock combined with the current highest Bid as shown in the Bid history on the Website shall only be an indication of the highest Bid amount at the time when the values on the Website or Mobile Application were refreshed in the manner set out in Clause 2.5 above. Should bidders want more frequent updates, they are advised to refresh values as described in Clause 2.5 in order to view the most updated Bid history and countdown clock.

Due to the nature of internet and/or mobile traffic, there may be an unpredictable time lag between a Bidder placing a Bid, and that Bid being received by Artiana.Therefore, although a Bidder may have placed his/her Bid prior to Closing Time, Artiana may receive the Bid after the Closing Time for the Lot with respect to which the Bid has been placed and shall, in such an event, be rejected. In order to prevent Bids being rejected in such a manner, Bidders may set Proxy Bids/Maximum Bids for Lots on which they wish to Bid.

Written/Absentee Bids may be recorded with Artiana 12 hours prior to the first Closing Time, subject to the other provisions of these Conditions of Sale, including any limits imposed by Artiana on the number of Bids that might be placed by a Bidder.

date of either receiving the funds from the Buyer or remitting the funds to the Seller. In the case of payments for purchases being made in UAE Dirhams (AED), a standard conversion rate of 1USD = 3.675 AED will apply.

2.6. Bidders are advised to keep their Artiana ID and password secure at all times.Artiana will hold the Bidder responsible for all Bids placed using their Artiana ID and password, whether via the Website or a mobile device. Bidders using the Mobile Bidding Application are advised to keep their mobile devices secure and set passwords for them to prevent unauthorised use.

2.13. All Bidders are required to provide complete and accurate invoicing details to Artiana at the time of registration for the Auction. Invoicing details, once registered, will not be changed.The Bidder shall be invoiced based on details provided at the time of registering for the Auction. For any and all transactions from Rest of World except the UAE invoicing and/or 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 transactions from within the UAE invoicing and/or payments are processed by Artiana Limited, a company duly incorporated under the Dubai International Financial Centre bearing registered number 2249.

2.7. Artiana reserves the right to withdraw any Property before, during or after the Auction, if it has reason to believe that the authenticity of the Property or the accuracy of the Description is in doubt, or if there is a breach of the Terms of Business, or in the case of error or dispute, or if Artiana otherwise believes, at its sole discretion, that it would be improper to include the Property in the Auction, and can during or after the Auction continue the bidding, determine the successful Bidder, cancel the sale of the Lot, or re-offer and resell any Lot. 2.8. All Property(ies) shall be sold subject to the Reserve Price. If the Winning Bid is below the Reserve Price, the Property shall be considered unsold except in such case where the Winning Bid is a Proxy Bid and the maximum limit on the Proxy Bid either matches or is higher than the Reserve Price. In such cases the Property(ies) shall be sold at Reserve Price to the Proxy Bidder.The Reserve Price on each Property shall be confidential and Artiana shall have no obligation to disclose the same to any Bidder.

2.9. Artiana will invoice the Buyer for the Sale Price (Winning Bid) and any additional charges that may be incurred by Artiana are applicable on the sale, including shipping and handling of the Property. 5% VAT will be charged on Artiana’s invoice and is applicable on any and all purchases from within the UAE. 2.10. The title to the Properties purchased in an Auction shall pass to the Buyer at the Closing Time subject to the conditions in clause 2.7 for those Properties where a Buyer holds the Winning Bid and said Buyer assumes full risk and responsibilities for the Properties thereafter. Properties purchased will not be released or shipped out to the Buyer or his representative until the Buyer has fulfilled his payment and other obligations as described in these Conditions of Sale. Artiana may exercise a lien on the Properties under the conditions described in Clause 2.17.

2.11. Bidding Increments will be calculated as shown in the Bidding Increment table below.

2.12. The Auction is conducted in United States Dollars (USD) and, for any transaction in other currencies, the exchange rate will be calculated as per the sheet rate of the bank specified by Artiana on the

2.14. The Winning Bidder shall pay the Sale Price in full (including any additional charges and VAT, if applicable) within seven business days from the Closing Date. No shipment or delivery of the Property will be made to the Winning Bidder if the Sale Price, and any other additional charges that may be payable by the Buyer, are not received

by Artiana and until all proper documentation in connection with the sale of the Property has been completed. Payments will not be accepted from any parties other than the Winning Bidder as recorded on the invoice.

2.15. Non payment The Winning Bidder shall ensure that invoices provided by Artiana are paid in full and all remittance of amounts due under said invoice is made within seven business days from the date of the invoice. In the case that payments are not received within such period, it shall be treated as a breach of contract of sale by the Buyer and, in such an event,Artiana is authorised at its sole discretion to cancel the sale upon expiry of this stipulated period of seven business days without being obliged to inform the Buyer of the same, and the Seller authorises Artiana to take any steps (including reporting the late payments, missed payments, or other defaults on the account to any credit bureau and the institution of legal proceedings), as deemed appropriate, to enforce the full or any differential payment due by the Buyer. In addition, the Buyer will be charged demurrage @ 2% of the total value (Winning Bid) per month until the date of actual payment.

2.16. Failure to collect If the Buyer informs Artiana that he wishes to collect the Property(ies) from Artiana in person and such Property(ies) is not collected by the Buyer within 15 days from the auction closing date, Artiana shall arrange for storage of the Property(ies) at the Buyer’s expense, and shall only release the Property(ies) after payment has been made, in full, including demurrage @ 2% of the total value (Winning Bid plus any other additional charges, if applicable) per month for all payments due and the charges for storage of the Property(ies), if any.

2.17. Artiana shall be entitled to exercise a lien on the Property(ies) for payment of any sums receivable from the Buyer, including the Sale Price and costs relating to storage and insurance where they are to be borne by the Buyer, in relation to any Property(ies) purchased by the Buyer.

2.18. Artiana reserves the right to not award the Winning Bid to the highest Bidder at the Closing Date if it deems it necessary to do so.

FINE WATCHES

103

2.19. The Buyer acknowledges that Artiana will abide by any export restrictions that may apply in the countries from where specific Property(ies) will be shipped.The Buyer shall also be responsible to ensure that the Property(ies) is freely importable into the country where such Property(ies) is intended for delivery (as specified by the Buyer). In the event the Buyer or Artiana become aware of any restrictions to such import subsequent to the completion of the Auction, the Buyer may provide an alternate delivery destination to Artiana. (Such restrictions on import of any Property/Lot purchased by a Buyer shall not qualify as grounds for the Buyer to cancel such sale under any circumstances). All costs associated with the process of delivery and storage (when required) of the Property(ies) shall be borne by the Buyer.The Property(ies) shall be handed over to the Buyer, or his nominee, only upon full payment of all such costs.

2.20. Artiana has the right to exercise reasonable discretion in setting Bid increments as per Clause 2.11 or otherwise, refusing any Bid, advancing the Bidding, withdrawing or dividing any Lot, combining two or more Lots; and in the case of error or dispute, during or after the sale, determining the successful Bidder, continuing the Bidding, cancelling the sale or reoffering and reselling the item in dispute. If any dispute arises after the sale, then, in the absence of any evidence to the contrary, the sale record maintained by Artiana will be conclusive.

2.21. Written Bids are accepted from Bidders once they have been given Bidding access for the Auction.These are entered as online direct or Proxy Bids by Artiana, and may not be stopped or altered by the Bidder once the Auction has commenced.Written Bids are accepted until twelve hours prior to the first Closing Time.

2.22. Artiana employees may not Bid in the Auction once the Auction has started.They may however submit a Written Bid for an amount that may be equal to or above the lower estimate of a Lot before the Auction commences and have a Proxy Bid placed on their behalf. Once the Auction has begun, they may only increase their Proxy Bid. 2.23. Artiana employees may Bid in charity auctions that are held on the Artiana Auction platform.

2.24. Sellers are not allowed to Bid on the particular Lot(s) they have consigned.

2.25. Artiana does not place or allow any Bids to be placed on behalf of the Seller. All of the Bids recorded at Artiana are from registered Bidders.

2.26. Once a Bid is registered in our system, whether placed by an active Bidder or by Proxy, it is immediately and automatically displayed for all registered users to see.

2.27. Technical Downtime In the unlikely event that the Website is inaccessible to Bidders worldwide due to Technical Downtime within the half hour prior to the scheduled Closing Time for any of the Lot Groups, the Closing Time of that Lot group and subsequent Lot Groups will be extended by the duration of the Technical Downtime. In case the Technical Downtime extends beyond the Closing Time for a particular Lot Group, the Website shall, after the Technical Downtime, show the Auction for the particular Lot Group as closed. However, the Closing Time for such Lot Group and subsequent Lot Groups shall be extended by the duration of the Technical Downtime and appropriate details of the extension shall be published on the Website shortly after recovery from the Technical Downtime. Note that any malfunction in

104

ARTIANA

the Mobile Application does not constitute Technical Downtime. In the event of such malfunction, Bidders should use the Website to place Bids.

2.28. Bids recorded prior to any Technical Downtime will be treated as valid according to the Conditions of Sale. Artiana shall not be liable for any loss of information due to the Technical Downtime.The data logs of the Artiana Server will determine the duration of the Technical Downtime and any determination made by Artiana in respect of extension of the Closing Time shall be final.

3.1. Artiana offers all Property(ies) for sale at the Auction “as is”, which means that the Property(ies) are sold with all existing faults and imperfections. Measurements are given as Height x Width x Depth in decimal inches (rationalized to the closest 0.25, 0.5, 0.75) and in decimal centimetres.Artiana encourages all potential Buyers to inspect each item carefully before Bidding.

3.2. Any statements made by Artiana about any Property(ies), whether orally or in writing concerning attribution to, for example, any school of art or craftsmanship, country or origin, history or provenance, are only expressions of Artiana’s own opinion or belief.

Such opinions or beliefs including the estimate values of the properties have been formed honestly in accordance with the standard of care expected of an auction house. However, Artiana does not in anyway represent that it has carried out exhaustive research or analysis, and it is therefore recommended, especially in cases of Property(ies) of high value, that potential Buyers seek advice on such matters from their own professional advisors.

3.3. The Buyer undertakes: • to inspect and satisfy himself prior to the Auction as to the condition and description of the Property(ies); • to rely on his own judgment as to whether the Property(ies) matches its description; and • to not rely on an illustration of any Property(ies) given in the Catalogue 3.4. Neither Artiana nor any of its affiliates, agents, representatives, employees or directors shall be liable for errors or omissions in any of the representations made in the Auction Catalogue or otherwise with respect to authenticity, description, or condition of any Property(ies) for sale through the Auction.

4.1. Artiana provides an assurance on behalf of the Seller that each artwork offered at auction, is a genuine work of the artist listed.

Artiana guarantees the authenticity of such artwork for a period of six months from the auction closing date.Authenticity in relation to artworks shall mean compliance of the artwork with the description provided on the website, particularly with reference to the name of the artist, title (if any) of the artwork, date, the school of art (if mentioned), dimensions, medium, etc.

In the unlikely event that within six months from the close of an auction, it is proved by the Buyer, to the reasonable satisfaction of Artiana, that the item was not authentic and if, in Artiana’s opinion, this would have significantly impacted the Winning Bid for the item, Artiana shall be entitled to rescind the sale. In such an event, the Seller will be liable to refund the payment for the item to the Buyer,

through Artiana. The item in question will subsequently be returned to the Seller.

All such claims will be handled on a case-by-case basis, and in the case of an authenticity claim in relation to an artwork, examinable proof, clearly demonstrating that the item is not authentic, will be required. Such examinable proof should be provided by an established and acknowledged authority. Artiana’s decision, with regards to such claims, shall be final and binding.

4.2. The above guarantee given in clause 4.1 shall be subject to the following conditions: • The claim is made by the Buyer as registered with Artiana (the benefit of the claim is not assignable to any subsequent owners or others who may acquire or have an interest in any of the Properties) • The Property is returned in the same condition that it was in at the time of delivery of the Property to the Buyer • The Property was indisputably purchased through Artiana 4.3. In the case of Properties which have been categorised by Artiana as Precious Objects,Artiana provides an assurance, on behalf of the Seller, that each piece shall comply with characteristics or features mentioned in the Description of the Property in the Auction Catalogue for as long as the Property is in the possession of Artiana.

All colored stones unless certified may or may not be treated for enhancements. It is therefore advisable for Buyers or potential Buyers of such Properties, to inspect the Property prior to Bidding or prior to shipment or Buyer pickup from Artiana.

In the unlikely event that during such inspection, the Buyer is able to prove to the reasonable satisfaction of Artiana that the Property does not match the details in the Description, and if, in Artiana’s opinion, Bidders being aware of such error or omission would have Bid significantly less than the actual Sale Price, Artiana shall be entitled to rescind the sale and the Seller will be liable to refund to the Buyer the Sale Price paid for the Property; and Artiana shall hand over the Property to the Seller upon refund of the Sale Price paid to him for the Property. Once Artiana obtains the refunded amount from the Seller, it shall forward the same to the Buyer.This guarantee will not be applicable where the Property is being shipped to the Buyer

by Artiana.

4.4. In the case of Properties such as antiquities or items of historical interest which have been categorised by Artiana as Cultural Artifacts, Artiana provides an assurance, on behalf of the Seller, that each object of antiquarian or historical interest or significance has been acquired without violating any local or international laws.

In the unlikely event that it is proved that the acquisition, provenance and/or ownership of such Cultural Artifacts offered at our Auction is subject to a legal dispute, the Buyer shall keep Artiana indemnified from any such legal proceedings.

4.5. In all cases Artiana retains the right to consult with, at the expense of the Buyer, up to two recognized experts in the field (such experts being mutually acceptable to Artiana and the Buyer), to examine the Property under question before deciding to rescind the sale and offer the refund under the above guarantee.The opinion of the experts shall not be binding on Artiana.

4.6. In the event of the Seller’s failure to refund the proceeds as stated in this clause, the Buyer shall return the Property to Artiana and authorise Artiana as its agent to initiate legal proceedings against the Seller.Any such steps taken or legal proceedings instituted by Artiana, against the Seller, shall be at the cost of the Buyer and Artiana’s liability shall be limited as per Clause 5.1.

5.1. Artiana has an obligation to refund the Sale Price to the Buyer only upon recovery of such amounts from the Seller and in the circumstances described in Clause 4 above (Authenticity Guarantee).

The Buyer indemnifies Artiana from any non-recovery of such amounts and agrees that they shall not hold Artiana responsible in case such amounts are not recoverable from the Seller. 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. Damages, losses or loss in value of any artworks (including frames) incurred during shipping and transit are not covered as per the insurance policy taken by Artiana. In case the Buyer opts for transit insurance coverage arranged for by Artiana by any of their insurance providers,Artiana shall not entertain any direct claims for damage or loss during shipping and transit and these would have to be directed to such insurance providers; Subject to the authenticity guarantee above, neither Artiana’s suppliers nor Artiana, nor any of Artiana’s employees or agents, shall be responsible, either for the correctness of any statements as to the authorship, origin, date, age, attributes or genuineness of any Property in the sale, or for any mistakes in the Description, or for any faults or defects in the Properties, or for any other act or omission, whatsoever.Artiana offers no guarantee or warranty other than the limited assurance contained in the authenticity guarantee above.

5.2. It is stated and agreed that the rescission of the sale and the refund of the total Sale Price paid by the Buyer is the sole remedy that may be sought by a Buyer, and such remedy is exclusive and in lieu of any other remedy which may otherwise be available under law.

Artiana shall not be liable for any incidental or consequential damages incurred or claimed.

All content of the Print Auction Catalogue, eCatalogue and on the Website and Mobile Application are copyright protected in favour of Artiana. All trademarks, names, brand names, etc. used in the Print Auction Catalogue and on the Website and Mobile Application are trademarks of Artiana.Any rights not expressly granted herein are reserved. No image, illustration or written material may be used or required without the prior written permission of Artiana.Artiana and the Seller(s) make no representation or warranty that the Buyer of a Property will acquire any copyright or other reproduction rights in it.

7.1. Artiana may validly serve the Bidder/ Buyer with legal notice, if required, under these Conditions of Sale by: • Sending an email to the email address disclosed by the Bidder/ Buyer to Artiana; or • Sending a courier to the address disclosed by the Bidder/ Buyer to Artiana.

7.2. Such legal notice shall be deemed to have been properly served: • In the case of email transmission - on the date of the transmission; or • In case of transmission by courier - 2 business days after the dispatch of the notice by courier.

7.3. The notices and contract language shall be English.

FINE WATCHES

105

7.4. Artiana is at all times entitled to involve third parties for ensuring the Buyer’s compliance and performance as per these Conditions of Sale, and the Buyer hereby grants his consent in this regard.

7.5. In the event of any dispute arising out of or in connection with these Conditions of Sale or related thereto in any manner whatsoever, the parties shall first seek settlement of that dispute by mediation in accordance with the Mediation Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause.The Buyer irrevocably submits to the jurisdiction of the Dubai International Financial Centre (“DIFC”) Courts and waives any objection it may have to refer the disputes arising out of or in connection with these Conditions of Sale to the DIFC-LCIA Arbitration Centre on the grounds that it is an inconvenient forum (forum non conveniens). If the dispute is not settled by mediation within 60 days of the commencement of the mediation, or such further period as the parties shall agree in writing, then the parties agree to refer and resolve the dispute by arbitration in accordance with Clause 9.

If any part of the Conditions of Sale between the Buyer and Artiana is found legally invalid, illegal or unenforceable, that part may be discounted and the rest of the conditions will remain enforceable to the fullest extent permissible by law. In such cases, the Buyer and Artiana undertake to replace the wholly or partly legally invalid, illegal or unenforceable provision with one which is legally valid, legal or enforceable and whose economic purpose most closely reflects that of the legally invalid, illegal or unenforceable provision.

If the dispute is not settled by mediation in accordance with Clause 7.5 then the dispute shall be referred to and finally resolved by arbitration under the Arbitration Rules of the DIFC-LCIA Arbitration Centre, which Rules are deemed to be incorporated by reference into this clause. In any arbitration commenced pursuant to this clause, (i) the number of arbitrators shall be one; and (ii) the seat, or legal place, of arbitration shall be the DIFC.The language to be used in the arbitration shall be English.The governing law of the contract shall be the substantive law of England and Wales.

CONDITIONS OF FIXED PRICE SALE

Fixed Price Sale: A Private Sale or Selling Exhibition of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website.

By participating in this Fixed Price Sale, you acknowledge that you are bound by the Conditions of Fixed Price Sale as clarified below and listed above in the Conditions of Sale and on the Website.

Fixed Price: The fixed sale price of the Property offered for immediate sale by Artiana in Private Sale or any Fixed Price Sale.

2.1. If a Fixed Price Sale functionality is offered on any of the Property permitting the Buyer to purchase such a Property at the Fixed Price displayed on the Website, or as communicated to the Buyer in response to their enquiry for that Property, the above listed Conditions of Sale will apply to the sale in the same manner as if the Buyer had been the Winning Bidder in an auction for that Property.

Private Sale: A Fixed Price Sale of Property(ies)/Lot(s) conducted

by Artiana outside of auction confidentially or on www.artiana.com or any other website.

Selling Exhibition: A Fixed Price Sale of Property(ies)/Lot(s) to be conducted by Artiana on www.artiana.com or any other website on the date indicated in the Exhibition Catalogue.

Viewing Room: The web pages on the Website relating to Private Sale, as may be amended from time to time including web pages accessible via the link “Viewing Rooms” (including all pages providing details related to the Property(ies)), as well as additional pages containing details of the Viewing Room accessible via the link “Private Sales.”

106

ARTIANA

2.2. Our Conditions of Fixed Price Sale are applicable on all our Private Sale transactions, including Property offered in any of our Viewing Room or Selling Exhibition, and binding on all participants thereof.

ARTIANA GUARANTEE

All artworks offered for sale by Artiana are authentic to the best of Artiana’s knowledge.

Artiana provides the following assurance to buyers on behalf of the seller who may be a collector, dealer, retailer or gallery, that each artwork offered for sale on the site is a genuine work of the artist listed.

Artiana guarantees the authenticity of the artwork for a period of six months from the auction closing date. Authenticity in relation to artworks shall mean compliance of the artwork with the description provided on the web site, particularly with reference to the name of the artist, title (if any) of the artwork itself, date, the school of art (if mentioned), dimensions, medium etc.

In the unlikely event that within six months from the close of an auction, it is proved by the buyer to the reasonable satisfaction of Artiana that the item was not authentic and if, in Artiana’s opinion, this would have significantly impacted the price a buyer would have been willing to pay for the item,Artiana shall be entitled to rescind the sale, and the seller will be liable to refund to the buyer the price paid for the item. Once the buyer returns the item to Artiana it shall be handed over to the seller by Artiana.

All such claims will be handled on a case-by-case basis, and in the case of an authenticity claim in relation to an artwork, such claim will require that examinable proof, which clearly demonstrates that the item is not authentic, is provided by an established and acknowledged authority.The decision of Artiana in respect of such claims shall be final and binding.

This guarantee shall be subject to the following conditions: 1. The claim is made by the buyer as registered with Artiana (the benefit of the claim is not assignable to any subsequent owners or others who may acquire or have an interest in any of the items).

2. The Property is returned in the same condition that it was in at the time of delivery of the item to the buyer.

3. The Property was indisputably purchased through Artiana.

Artiana retains the right to consult with, at the expense of the buyer, two recognised experts in the field, (such experts being mutually acceptable to Artiana and the buyer), to examine the item under question before deciding to rescind the sale and offer the refund under the above guarantee.The opinion of the experts shall not be binding on Artiana.

In the event of the seller’s failure to refund the proceeds as stated above, the buyer shall return the item to Artiana and authorise Artiana as its agent to initiate legal proceedings against the seller. Any such steps taken or legal proceedings instituted by Artiana against the seller shall be at the cost of the buyer.

FINE WATCHES

107

COLLECTION AND STORAGE Lots will only be released from our viewing gallery or art storage facility upon presenting a delivery order issued by Artiana. Lots will not be released until all outstanding charges due to Artiana are settled

Please note that Lots in our art storage facility can be collected only by prior appointment from Artiana, P2-22B, Park Towers, DIFC, Dubai, UAE

ARTIANA Help Desk: T: +971 55 815 3030 E: info@artiana.com Office Hours: 10.30 am - 6.30 pm

P2-22B, Damac Park Towers, DIFC, Dubai, UAE

Important Information • All Lots will be stored free of charge for 15 days from the auction closing date either at Artiana’s viewing gallery or at our art storage facility.

• After 15 days from the closing date of the auction, Lots shall be subject to a daily storage charge of USD 4 per Lot plus an administrative fee of USD 50 payable to Artiana.

• As set out in the Conditions of Sale, risk and responsibility for the sold Lots (including frames or glass where relevant) passes to the Buyer at the Auction Closing Time. Artiana provides insurance coverage for sold Lots for seven days after the auction. Buyers are reminded that it is their responsibility to arrange adequate insurance for purchased Lots thereafter.

• Lots sold at auction may be subject to import restrictions/taxes of foreign countries. It is the buyer’s sole responsibility to obtain any relevant import license into the buyer’s own country of residence and settle any taxes and destination clearance charges due.

• Shipments can only be made once all outstanding charges due to Artiana are settled and full payment of all shipping charges is received by the logistics service provider.

108

ARTIANA

Bid for the most desirable art and luxury collectibles online and on the move Artiana App Available for iPhone, iPad and Android devices

� Get notifications before the start and end of every auction � View entire catalogues with high resolution images � Browse and bid online in Artiana auctions at your convenience � Track your bids and current bid status in real time

www.artiana.com Viewing Gallery: P2-1A, Damac Park Towers, DIFC, Dubai, UAE E info@artiana.com T +971 55 815 3030

SOUTH ASIAN ART MODERN AND CONTEMPORARY ONLINE AUCTION (NO BUYER’S PREMIUM) 16 - 21 MAY 2024

NOW ACCEPTING CONSIGNMENTS

HANDBAGS & ACCESSORIES THE HERMÈS EDIT ONLINE AUCTION (NO BUYER’S PREMIUM) APRIL 2024

NOW ACCEPTING CONSIGNMENTS

FINE WATCHES ONLINE AUCTION (NO BUYER’S PREMIUM) 17 - 22 JULY 2023

M116503-0004

NOW ACCEPTING CONSIGNMENTS

ART BEYOND BORDERS ONLINE AUCTION (NO BUYER’S PREMIUM) 25 - 30 SEPTEMBER 2024

NOW ACCEPTING CONSIGNMENTS