(b) As a buyer in an online only auction, you request Sotheby’s immediately to begin performance of the delivery services during the online services cancellation period. Sotheby’s capacity: ‘Sotheby’s’ sells as agent for the ‘seller’ except where it wholly or partly owns any lot as principal. Our presale estimates reflect this assumption. The online only platform will then place incremental bids on your behalf up to your maximum bid for as long as you are the highest bidder. Buyers should obtain their own advice in this regard. The catalog contains masterpieces rarely, if ever, seen in the public eye. If any lots in the catalogue are offered without a reserve, these lots are indicated by a box (□). We reserve the right to consult with, and rely on, any outside experts, consultants or restorers of our choice in relation to the property and to carry out such other inquiries or tests in relation to the property either before or after the online only auction as we may, in our absolute discretion, deem appropriate. The auctioneer clinched the title of most expensive watch sold at auction in Asia when it sold a Patek Philippe ref. Sotheby’s will not charge the online consumer any fee in connection with processing the reimbursement. We make no representation or warranty as to the condition of any lot sold. Apparently so—bidders from 32 countries clamored for pieces from heritage jewelry houses, like Tiffany and Verdura, at Sotheby's online auction this week. (b) An online only auction can be fast moving. 6. This September, Sotheby’s presents a curated selection of vintage and modern wristwatches by the leading manufacturers, offering an exciting range of brands, price points, metals and complications. 27. Well, the auction is now over and the results are incredible. (b) In the event that Sotheby’s receives a purchase cancellation notification from the online consumer during the online cancellation period, Sotheby’s shall (i) inform the online trader (as seller) that the online consumer has exercised the right to cancel the purchase of the Lot as soon as reasonably practicable; and (ii) reimburse (without undue delay and in any event within fourteen (14) calendar days after receipt of the returned lot from the online consumer within the time frame specified in Condition 16(a)(ii)) payments received by Sotheby’s from the online consumer (including the purchase price and any standard online delivery costs). In the event ‘Sotheby’s’ decides to rescind the sale under this Guarantee, it may refund to the ‘buyer’ the reasonable costs of up to two mutually approved independent expert reports. In such case, you waive any claim which you may have to title to the lot and agree that any re-sale price shall be deemed commercially reasonable; (f)             set off any amounts owed by us or any ‘Sotheby’s affiliated company’ to you against any amounts which you owe to us or any ‘Sotheby’s affiliated company’, whether as the result of any proceeds of sale or otherwise; (g)             exercise a lien over any of your property which is in our possession or in possession of any ‘Sotheby’s affiliated company’ for any reason until payment of all outstanding amounts due to us has been made in full. We shall, in our absolute discretion, be entitled to dispense with the requirements of Condition 4 in determining whether or not a particular lot is a counterfeit. If the status of your bid changes, you will receive notifications via email and push (if you have the Sotheby’s App installed). NEXT AUCTION. (c) The online only platform requires that you submit a bid which correlates to one of the increments set out in the bidding increment table which is available to view at lot level. If you are registered to bid as a company, your company will need to pay for any purchases in the name of the company via an accepted payment method. Bids can be submitted through the online only platform from the start of the online only auction until the bidding period displayed for the relevant lot closes. The Watch Department benefits from a thriving international market, with annual hammer sales totalling in excess of a million pounds. Home; About Auction-Catalog.Com; Cookie Policy; Frequently Asked Questions; Category Archives: Sotheby’s Raymond J. Learsy Collection Contemporary Art Sothebys 1992. Where we reasonably believe that any breach of such representation or warranty has occurred, you authorise ‘Sotheby’s’, in its sole discretion, to rescind the sale. 8. Traditionally, gemstones have been treated by a variety of techniques to enhance color and generally to improve their appearance. Please note that Sotheby’s is unable to arrange delivery to those locations which are specified as excluded zones in the shipping costs calculator which is available on the online only platform (each an “Unavailable Destination”). (f)             Limitations on claims by seller: Any claim by the seller shall, in any event, be limited to the ‘net sale proceeds’ in respect of that lot. 32. Please note that, should you wish to arrange your own shipping or to arrange collection of your purchases yourself, all lots are located in our Geneva premises. Collectively, the Watches results were mediocre, as several lots were withdrawn unexpectedly. Service of process: All ‘buyers’ and ‘sellers’ irrevocably consent to service of process or any other documents in connection with proceedings in any Court by facsimile transmission, personal service, delivery at the last address known to us or any other usual address, mail or in any other manner permitted by Swiss law, the law of the place of service or the law of the jurisdiction where proceedings are instituted. We have worked with these companies for a number of years to provide the shipping service for our traditional auctions, and they deliver an excellent level of service at a very reasonable price. Traditionally speaking, there are two auction seasons each year: spring sales and autumn sales. 47. If you are outbid by another bidder, you will receive an email notification to inform you accordingly and providing a link to follow to increase your bid. 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