The aim of the Hôtel des Ventes de Lausanne SA is to bring together and interest the greatest possible number of potential buyers to sell to the highest bidders goods entrusted in the name and on behalf of third parties.
Live sales with or without prior exhibition are sales broadcast live on the websites of the Hôtel des Ventes de Lausanne.com, Drouot.com and Invaluable.com.
The technical platforms of Drouot.com and Invaluable.com allow all people registered on their website to see the video of the sale live and to bid live as if they were in the room of the Hôtel des Lausanne sales.
On this, the participant via one of these two platforms must read and accept without reservation their conditions of use, which are independent and are in addition to these general conditions of sales LIVE WITH OR WITHOUT EXHIBITION of the Hôtel des Ventes from Lausanne.
The fact of participating in the auctions of the Hôtel des Ventes de Lausanne LIVE WITH OR WITHOUT PRIOR EXHIBITION and this, electronically, by telephone or by purchase order, implies that all buyers or their agents accept and unconditionally adhere to the these conditions of sale. They are deemed to act in their own name and on their behalf:
Art. 1 - The auction takes place strictly in cash and without guarantee, its conduct and its award is in Swiss francs or euros and visible in other currencies instantly on the exchange table visible on the Internet.
Art. 2 - Payment for purchases can be made by bank transfer or in cash with a maximum of 100,000 Swiss Francs or 100,000 Euros.
The Hôtel des Ventes is free to accept or refuse payment by certain credit cards. The Maestro direct debit card will be subject to a 0.50% surcharge. Credit cards, Visa and Mastercard with an increase corresponding to 2.3% of the total amount debited as a contribution to part of the fees collected by the card issuer.
American Express and other credit cards are not accepted.
Cheques are not accepted.
Art. 3 - The buyer pays a reduction of 25% in addition to the hammer price of each lot, plus VAT of 7.7% on this reduction (buyers domiciled outside Switzerland are exempt). These sales fees are increased by 1.5% for purchases by Drouot Live and by 5% by Invaluable.
Art. 4 – The award will be made in favor of the last bidder. The word “Sold” closes the sale. In the event of a dispute at the time of the auction, it will be canceled and the lot immediately put back on sale.
Art. 5 - The Hôtel des Ventes is legally required to respect the reserve prices recorded in the reports of its estate inventories and in other causes of requisitions for auction sales. The auctioneer is therefore required to bid on behalf of the sellers, and when this price is not reached, he moves on to the next lot with a simple blow of the hammer. Unsold lots may be auctioned privately after the sale at the sole discretion of the auctioneer.
Art. 6 - The auctioneer has the right to modify the order of lots and to separate, group or withdraw lots, at his sole discretion.
Art. 7 - The auctioneer has the right to refuse a bid and/or the award of a lot.
Art. 8 - The highest bidder and last bidder for a lot will be the successful bidder. In the event of a double auction, leading to a dispute between two bidders in the room and/or on the telephone and/or live via the Internet, a dispute recognized as real by the auctioneer, the lot will be put back up for auction immediately.
Art. 9 - LIVE sales WITH EXHIBITION allowing buyers to see the condition or authenticity of the objects, no complaints will be accepted once the auction has been announced. The auctioneer is at your disposal before the LIVE sales WITH OR WITHOUT EXHIBITION to inform you about the lots, their period, and their condition. Estimates, dimensions, colors of reproductions and information on the condition of the lot are provided for information purposes only. This means that all lots are sold in the condition in which they are at the precise moment of their auction and no complaint of any nature whatsoever will be accepted, even if it relates to an erroneous description appearing in the catalog distributed on the websites of the Hôtel des Ventes de Lausanne, Drouot and Invaluable. The condition of the frames is not guaranteed, usual restorations and relining are considered precautionary measures not resulting in depreciation of the lots. Status reports can be communicated upon request, for information purposes and free of charge upon simple request, by email or telephone.
Art. 10 - The buyer only becomes owner of the lot upon full payment.
Art. 11 - At the request of buyers, the Auction House may recommend service providers likely to ensure handling, packaging, warehousing and transport. This recommendation will not engage the responsibility of the Hôtel des Ventes. It is up to the buyer to have the lots insured as soon as they are awarded since from this date, the risks of theft, loss, damage or other are under his entire responsibility. The Hôtel des Ventes declines all responsibility for the damage itself or for the failure of the successful bidder to cover its risks against this damage.
Art. 12 - Any dispute relating to this sale is subject to the exclusive application of Swiss law and to the jurisdiction of the courts of the canton of Vaud, regardless of the location of the auction and the domicile of the parties. From a legal point of view, the French text of these conditions of sale constitutes the only enforceable reference.
