CONDITIONS OF SALE

The following Conditions of Sale and Terms

of Guarantee are Sotheby’s, Inc. and the

Consignor’s entire agreement with the

purchaser and any bidders relative to the

property listed in this catalogue.

The Conditions of Sale, Terms of Guarantee,

the glossary, if any, and all other contents of

this catalogue are subject to amendment

by us by the posting of notices or by oral

announcements made during the sale. The

property will be offered by us as agent for the

Consignor, unless the catalogue indicates

otherwise.

By participating in any sale, you

acknowledge that you are bound by these

terms and conditions.

1. As Is Goods auctioned are often of some

age. The authenticity of the Authorship

(as defined below) of property listed in the

catalogue is guaranteed as stated in the

Terms of Guarantee and except for the Limited

Warranty contained therein, all property is

sold “AS IS” without any representations

or warranties by us or the Consignor as

to merchantability, fitness for a particular

purpose, the correctness of the catalogue or

other images or descriptions of the physical

condition, size, quality, rarity, importance,

medium, frame, provenance, exhibitions,

literature or historical relevance of any property

and no statement anywhere, whether oral

or written, whether made in the catalogue,

an advertisement, a bill of sale, a salesroom

posting or announcement, or elsewhere, shall

be deemed such a warranty, representation or

assumption of liability. We and the Consignor

make no representations and warranties,

express or implied, as to whether the

purchaser acquires any copyrights, including

but not limited to, any reproduction rights in

any property. We and the Consignor are not

responsible for errors and omissions in the

catalogue, glossary, or any supplemental

material. Sotheby’s will not be responsible

or liable for damage to frames and glass

coverings, regardless of the cause.

Descriptions and Grading Bidders

acknowledge that any grading of coins and

currency in this auction have been determined

by independent grading services PCGS,

NGC, ANASC and/or CAC. Grading of coins

and currency is subjective and, even though

grading has a material effect on the value of

the coins and currency, grading may differ

among independent grading services and

among numismatists. We are not responsible

for the grades assigned by independent

grading services, and make no warranty or

representation regarding such grades.

2. Inspection Prospective bidders should

inspect the property before bidding to

determine its condition, size, and whether or

not it has been repaired or restored. Property

will be available for viewing by appointment

only at our New York premises, or such other

location as we may indicate from time to time.

You can schedule a viewing as indicated on

our website. Any images and condition reports

are provided to assist you with assessing the

condition of the property and are for guidance

only.

3. Buyer’s Premium; Overhead Premium

A buyer’s premium and an overhead premium

will be added to the hammer price and are

payable by the purchaser as part of the total

purchase price. The buyer’s premium is 25%

of the hammer price up to and including

$400,000, 20% of any amount in excess of

$400,000 up to and including $4,000,000, and

13.9% of any amount in excess of $4,000,000.

The overhead premium is 1% of the hammer

price.

4. Withdrawal We reserve the right to

withdraw any property before the sale and

shall have no liability whatsoever for such

withdrawal.

5. Per Lot Unless otherwise announced by the

auctioneer, all bids are per lot as numbered in

the catalogue.

6. Bidding We reserve the right to reject

any bid. The highest bidder acknowledged

by the auctioneer will be the purchaser. The

auctioneer has absolute and sole discretion

in the case of error or dispute with respect

to bidding, and whether during or after the

sale, to determine the successful bidder, to

re-open the bidding, to cancel the sale or to

re-offer and re-sell the item in dispute. If any

dispute arises after the sale, our sale record is

conclusive. In person bidding is currently not

available for this auction. For the most up-todate

information regarding in person bidding,

please call Sotheby’s or visit Sothebys.com.

Bidders are encouraged to submit bids online

on Sothebys.com or through the Sotheby’s

App. In order to bid online, you must register an

account with Sotheby’s and provide requested

information. In our discretion we will execute

order or absentee bids and accept telephone

bids and online bids via the Online Platforms

as a convenience to clients who do not submit

their bids online; Sotheby’s is not responsible

for any errors or omissions in connection

there-with. Prospective bidders should also

consult sothebys.com for the most up to date

cataloguing of the property in this catalogue.

By participating in the sale, you represent and

warrant that any bids placed by you, or on your

behalf, are not the product of any collusive

or other anti-competitive agreement and are

otherwise consistent with federal and state

antitrust law.

By participating in the sale, you represent and

warrant that:

(a) The bidder and/or purchaser is not subject

to trade sanctions, embargoes or any other

restriction on trade in the jurisdiction in which

it does business as well as under the laws of

the European Union, the laws of England and

Wales, or the laws and regulations of the United

States, and is not owned (nor partly owned)

or controlled by such sanctioned person(s)

(collectively, “Sanctioned Person(s)”);

(b) Where acting as agent (with Sotheby’s

prior written consent), the principal is not a

Sanctioned Person(s) nor owned (or partly

owned) or controlled by Sanctioned Person(s); and

that none of the purchase price will be funded

by any Sanctioned Person(s), nor will any party

be involved in the transaction including financial

institutions, freight forwarders or other forwarding

agents or any other party be a Sanctioned

Person(s) nor owned (or partly owned) or

controlled by a Sanctioned Person(s), unless such

activity is authorized in writing by the government

authority having jurisdiction over the transaction

or in applicable law or regulation.

In order to bid on “Premium Lots” you must

complete the required Premium Lot preregistration

application. Sotheby’s decision

whether to accept any pre-registration

application shall be final. You must arrange

for Sotheby’s to receive your pre-registration

application at least three working days before

the sale. Please bear in mind that we are unable

to obtain financial references over weekends or

public holidays.

Sotheby’s may require such necessary financial

references, guarantees, deposits and/or such

other security, in its absolute discretion, as

security for your bid(s).

7. Online Bids via an Online Platform

Sotheby’s may offer clients the opportunity to

bid on sothebys.com or through the Sotheby’s

App, or on any other online platform through

which bidding may be made available for

selected sales. By participating in a sale via any

of the Online Platforms, you acknowledge that

you are bound by these Conditions of Sale as

well as the Additional Terms and Conditions

for Online Bidding (“Online Terms”). By

participating in a sale via any Online Platform,

Bidders accept the Online Terms, as well as the

relevant Conditions of Sale. Online bidding may

not be available for Premium Lots.

8. Bids Below Reserve If the auctioneer

deter-mines that any opening bid is below the

reserve of the article offered, he may reject

the same and withdraw the article from sale,

and if, having acknowledged an opening bid,

he deter-mines that any advance thereafter is

insufficient, he may reject the advance.

9. Purchaser’s Responsibility On the fall of

the auctioneer’s hammer, the contract between

the consignor and the purchaser is concluded,

and the winning bidder thereupon will

immediately pay the full purchase price or such

part as we may require. Title in a purchased

lot will not pass until Sotheby’s has received

the full purchase price in cleared funds. The

purchaser’s obligation to immediately pay

the full purchase price or such part as we

may require is absolute and unconditional

and is not subject to any defenses, setoffs

or counterclaims of any kind whatsoever.

Sotheby’s is not obligated to release a lot to

the purchaser until title to the lot has passed

and any earlier release does not affect the

passing of title or the purchaser’s unconditional

obligation to pay the full purchase price. In

addition to other remedies available to us

by law, we reserve the right to impose from

the date of sale a late charge of the annual

percentage rate of Prime + 6% of the total

purchase price if payment is not made in

accordance with the conditions set forth herein.

Please note Sotheby’s reserves the right to

refuse to accept payment from a source other

than the buyer of record.

Sotheby’s New York office is currently open on a

limited basis by appointment only. All collections

and deliveries for purchased property will be

handled by Post Sale Services in coordination

with purchasers after the auction. Unless

otherwise agreed by Sotheby’s, all property

must be removed from our or our vendor’s

premises (as indicated on the invoice) by the

purchaser at his expense not later than 30

calendar days following the auction. Purchasers

are reminded that Sotheby’s liability for loss of

or damage to sold property shall cease upon

the earlier of (a) 30 calendar days after the

date of the auction and (b) our release of the

property to the purchaser or the purchaser’s

designated agent. Upon the expiration of such

30 calendar day period or upon such earlier

release, as applicable: (i) the purchaser bears full

liability for any and all loss of or damage to the

property; (ii) the purchaser releases Sotheby’s,

its affiliates, agents and warehouses from any

and all liability and claims for loss of or damage

to the property; and (iii) the purchaser agrees

to indemnify and hold Sotheby’s, its affiliates,

agents and warehouses harmless from and

against any and all liability for loss of or damage

to property and any all claims related to loss

of or damage to the property as of and from

and after the time Sotheby’s liability for loss or

damage to the property ceases in accordance

with this paragraph. If any applicable conditions

herein are not complied with by the purchaser,

the purchaser will be in default and in addition

to any and all other remedies available to us

and the Consignor by law, including, without

limitation, the right to hold the purchaser

liable for the total purchase price, including

all fees, charges and expenses more fully set

forth herein, we, at our option, may (x) cancel

the sale of that, or any other lot or lots sold to

the defaulting purchaser at the same or any

other auction, retaining as liquidated damages

all payments made by the purchaser, or (y)

resell the purchased property, whether at

public auction or by private sale, or (z) effect

any combination thereof. In any case, the

purchaser will be liable for any deficiency, any

and all costs, handling charges, late charges,

expenses of both sales, our com-missions

on both sales at our regular rates, legal fees

and expenses, collection fees and incidental

damages. We may, in our sole discretion, apply

any proceeds of sale then due or thereafter

becoming due to the purchaser from us

or any affiliated company, or any payment

made by the purchaser to us or any affiliated

company, whether or not intended to reduce

the purchaser’s obligations with respect to

the unpaid lot or lots, to the deficiency and

any other amounts due to us or any affiliated

companies. In addition, a defaulting purchaser

will be deemed to have granted and assigned

to us and our affiliated companies, a continuing

security interest of first priority in any property

or money of or owing to such purchaser in

our possession, custody or control or in the

possession, custody or control of any of our

affiliated companies, in each case whether at

the time of the auction, the default or if acquired

at any time thereafter, and we may retain and

apply such property or money as collateral

security for the obligations due to us or to any

affiliated company of ours. We shall have all

of the rights accorded a secured party under

the New York Uniform Commercial Code. You

hereby agree that Sotheby’s may file financing

statements under the New York Uniform

Commercial Code without your signature.

Payment will not be deemed to have been

made in full until we have collected good funds.

Any claims relating to any purchase, including

any claims under the Conditions of Sale or

Terms of Guarantee, must be presented directly

to Sotheby’s. In the event the purchaser fails to

pay any or all of the total purchase price for any

lot and Sotheby’s nonetheless elects to pay the

Consignor any portion of the sale proceeds, the

purchaser acknowledges that Sotheby’s shall

have all of the rights of the Consignor to pursue

the purchaser for any amounts paid to the

Consignor, whether at law, in equity, or under

these Conditions of Sale.

10. Reserve All lots in this catalogue are

offered subject to a reserve, which is the

confidential minimum hammer price at which

a lot will be sold. No reserve will exceed the

low presale estimate stated in the catalogue,

or as amended by oral or posted notices. We

may implement such reserve by opening the

bidding on behalf of the Consignor and may

bid up to the amount of the reserve, by placing

successive or consecutive bids for a lot, or bids

in response to other bidders. In instances where

we have an interest in the lot other than our

commission, we may bid up to the reserve to

protect such interest. In certain instances, the

Consignor may pay us less than the standard

commission rate where a lot is “bought-in” to

protect its reserve.

11. Tax Unless exempted by law, the purchaser

will be required to pay the combined New

York State and local sales tax, any applicable

compensating use tax of another state, and if

applicable, any federal luxury or other tax, on the

total purchase price. The rate of such combined

tax is 8.875% in New York City and ranges from

7% to 8.625% elsewhere in New York.

12. Export and Permits It is the purchaser’s

sole responsibility to identify and obtain any

necessary export, import, firearm, endangered

species or other permit for the lot. Any

symbols or notices in the sale catalogue reflect

Sotheby’s reasonable opinion at the time

of cataloguing and are for bidders’ general

guidance only; Sotheby’s and the Consignor

make no representations or warranties as to

whether any lot is or is not subject to export or

import restrictions or any embargoes.

13. Governing Law and Jurisdiction These

Conditions of Sale and Terms of Guarantee,

as well as bidders’, the purchaser’s and our

respective rights and obligations hereunder,

shall be governed by and construed and

enforced in accordance with the laws of the

State of New York. By bidding at an auction,

whether by agent, order or absentee bid,

telephone, online or other means, all bidders

including the purchaser, shall be deemed to

have consented to the exclusive jurisdiction

of the state courts of, and the federal courts

sitting in, the State of New York. All parties

agree, however, that Sotheby’s shall retain he

right to bring proceedings in a court other than

the state and federal courts sitting in the

State of New York.

14. Packing and Shipping Neither we nor

our vendors are responsible for the acts or

omissions in our or our vendors’ packing or

shipping of purchased lots or of other carriers

or packers of purchased lots, whether or not

recommended by us. Packing and handling

of purchased lots is at the entire risk of the

purchaser.

15. Limitation of Liability In no event will

the aggregate liability of Sotheby’s and the

consignor to a purchaser exceed the purchase

price actually paid.

16. Data Protection Sotheby’s will hold and

process your personal information and may

share it with its subsidiaries and affiliates for

use as described in, and in line with, Sotheby’s

at www.sothebys.com or available on request

by email to enquiries@sothebys.com.

Under European data protection laws, a client

may object, by request and free of charge, to

the processing of their information for certain

purposes, including direct marketing, and

may access and rectify personal data relating

to them and may obtain more information

about Sotheby’s data protection policies by

writing to Sotheby’s, 34-35 New Bond Street,

London W1A 2AA, or 1334 York Avenue, New

York, NY 10021, Attn: Compliance, or emailing

enquiries@sothebys.com.

Please be aware that Sotheby’s may film

auctions or other activities on Sotheby’s

premises and that such recordings may be

transmitted over the Internet via Sotheby’s

website and other online platforms. Online and

telephone bids may be recorded.

TERMS OF GUARANTEE

As set forth below and in the Conditions of

Sale, for all lots Sotheby’s guarantees that

the authorship, period, culture or origin

(collectively, “Authorship”) of each lot in

this catalogue is as set out in the initial lot

heading immediately following the lot number

in the catalogue description of the lot, as

amended by oral or written salesroom notes

or announcements. Purchasers should refer to

the Glossary of Terms, if any, for an explanation

of the terminology used in the initial lot heading

immediately following the lot number and the

extent of the Guarantee. Sotheby’s makes no

warranties whatsoever, whether express or

implied, with respect to any material in the

catalogue other than the Authorship appearing

in the initial lot heading immediately following

the lot number and subject to the exclusions

below. For the avoidance of doubt, any

property designation related to the seller of the

property that may appear below the lot number

is not deemed a heading for purposes of the

Guarantee.

In the event Sotheby’s in its reasonable opinion

deems that the conditions of the Guarantee

have been satisfied, it shall refund to the

original purchaser of record the hammer price

and applicable buyer’s premium and overhead

premium paid for the lot by the original

purchaser of record.

This Guarantee is provided for a period of

five (5) years from the date of the relevant

auction, is solely for the benefit of the original

purchaser of record at the auction and may not

be transferred to any third party. To be able to

claim under this Guarantee of Authorship, the

original purchaser of record must: (i) notify

Sotheby’s in writing within three (3) months

of receiving any information that causes the

original purchaser of record to question the

accuracy of the Authorship in the initial lot

heading immediately following the lot number,

specifying the lot number, date of the auction

at which it was purchased and the reasons

for such question; and (ii) return the Lot to

Sotheby’s at the original selling location in the

same condition as at the date of sale to the

original purchaser of record and be able to

transfer good title to the Lot, free from any third

party claims arising after the date of such sale.

Sotheby’s has discretion to waive any of the

above requirements. Sotheby’s may require

the original purchaser of record to obtain at

the original purchaser of record’s cost the

reports of two independent and recognized

experts in the field, mutually acceptable

to Sotheby’s and the original purchaser of

record. Sotheby’s shall not be bound by any

reports produced by the original purchaser

of record, and reserves the right to seek

additional expert advice at its own expense.

It is specifically understood and agreed that

the rescission of a sale and the refund of the

original purchase price paid (the successful

hammer price, plus the buyer’s premium and

overhead premium) is exclusive and in lieu

of any other remedy which might otherwise

be available as a matter of law, or in equity.

Sotheby’s and the Consignor shall not be

liable for any special, punitive, incidental or

consequential damages incurred or claimed,

including without limitation, loss of profits

or interest.

ADDITIONAL TERMS AND

CONDITIONS FOR ONLINE

BIDDING

The following terms and conditions (the “Online

Terms”) provide important information related

to online bidding on sothebys.com or through

the Sotheby’s App, or on any other online

platform through which bidding may be made

available (“Online Platforms”).

These Conditions are in addition to and subject

to the same law and our standard terms and

conditions of sale, including the authenticity

guarantee and any other terms and are not

intended in any way to replace them. By

participating in this sale via any Online Platform,

you acknowledge that you are bound by the

Conditions of Sale applicable in the relevant

sale and by these additional Conditions.

1. For certain sales, bidders are welcome to

submit bids in advance of the live auction

(“Advance Bids”) through the Online Platforms.

Please note that we reserve the right to amend

the starting bid prior to the start of the live

auction.

For sales where you can place Advance Bids,

you may also input a maximum bid which, upon

confirmation, will be executed automatically up

to this predefined maximum value in response

to other bids including bids placed by Sotheby’s

on behalf of the seller, up to the amount of

the reserve (if applicable). Please note that

reserves may be set at any time before the start

of the live auction and your maximum bid may

be executed against the reserve once such

reserve is set.

The current leading bid will be visible to all

bidders; the value and status of your maximum

bid will be visible only to you, unless it is the

leading bid. If the status of your bid changes, you

will receive notifications via email and push (if

you have the Sotheby’s App installed) leading up

to the live auction. You may raise your maximum

bid at any time in advance of the live auction.

Once the live auction begins, the auctioneer

will open bidding at the current leading bid. The

system will continue to bid on your behalf up to

your predetermined maximum bid, or you may

continue to bid via the Online Platforms during

the live auction at the next increment. Upon

the closing of each lot, you will receive push

notification (if enabled on your device) indicating

whether you have won or lost each lot on which

you have placed a bid.

Please note in certain circumstances, clients

who have been outbid may be reinstated as the

leading bidder and would receive notification

via email or push notification, if enabled on

your device.

By placing Advance Bids on the Online

Platforms, you accept and agree that any such

bids are final, that you will not be permitted to

retract your bid, and that, should your bid be

successful, you irrevocably agree to pay the

full purchase price, including buyer’s premium,

overhead premium and other applicable

charges, and all applicable taxes. You may

nevertheless lower your maximum bid leading

up to the live auction by contacting the Bids

Department at +1 212 606 7414, except that you

may not lower it to a level lower than the current

leading bid.

2. Once it commences, a live auction is by its

nature fast-moving and bidding may progress

very quickly. The procedure for placing bids

during the live auction is therefore a one-step

process; as soon as the “Place Bid” button is

clicked, a bid is submitted. By bidding online,

you accept and agree that bids submitted in

this way are final and that you will not under

any circumstances be permitted to amend or

retract your bid. If a successful bid is sent to

Sotheby’s from your computer, electronic or

mobile device, you irrevocably agree to pay the

full purchase price, including buyer’s premium,

overhead premium and any other applicable

charges, and applicable taxes.

3. The next bidding increment is shown

for your convenience. The auctioneer has

discretion to vary Increments for bidders in the

auction room and on the telephone, but bidders

using Online Platforms may not be able to place

a bid in an amount other than a whole bidding

increment. All bidding for this sale will be in

U.S. Dollars, in respect of New York sales, in

Pounds Sterling, in respect of London sales, or

in Hong Kong Dollars, in respect of Hong Kong

sales, and online bidders will not be able to see

the currency conversion board that may be

displayed in the auction room.

4. The record of sale kept by Sotheby’s will be

taken as absolute and final in all disputes. In

the event of a discrepancy between any online

records or messages provided to you and the

record of sale kept by Sotheby’s, the record of

sale will govern.

5. Online bidders are responsible for making

themselves aware of all salesroom notices and

announcements, which will be accessible on

the Online Platforms.

6. Sotheby’s reserves the right to refuse or

revoke permission to bid via Online Platforms

and to remove bidding privileges during a sale.

7. The purchase information shown in the “My

Bids” section of the Sotheby’s App and in the

“Account Activity” section of “My Account” on

Sothebys.com is provided for your convenience

only. Successful bidders will be notified and

invoiced after the sale. In the event of any

discrepancy between the online purchase

information which may or may not be shown

in the My Bids section and the invoice sent

to you by Sotheby’s following the sale, the

invoice prevails. Terms and conditions for

payment and collection of property remain the

same regardless of how the winning bid was

submitted.

8. Sotheby’s is not responsible for any errors or

failures to execute bids placed online, including,

without limitation, errors or failures caused by

(i) a loss of connection to the internet or to the

online bidding software by either Sotheby’s or

the client; (ii) a breakdown or problems with the

online bidding software; or (iii) a breakdown or

problems with a client’s internet connection,

computer or electronic device. Sotheby’s is not

responsible for any failure to execute an online

bid or for any errors or omissions in connection

therewith.

9. Online bidding will be recorded.

10. In the event of any conflict between these

Online Terms and Sotheby’s Conditions of Sale

and Terms of Guarantee, Sotheby’s Conditions

of Sale and Terms of Guarantee will control.

BUYING AT AUCTION

The following will help in understanding the

auction buying process as well as some of

the terms and symbols commonly used in an

auction catalogue. All bidders should read the

Conditions of Sale and Terms of Guarantee

in this catalogue, as well as the Glossary or

any other notices. By bidding at auction,

bidders are bound by the Conditions of Sale

and Terms of Guarantee, as amended by

any oral announcement or posted notices,

which together form the sale contract among

Sotheby’s, the seller (consignor) of the lot and

any bidders, including the successful bidder

(purchaser).

1. SYMBOL KEY

□ Reserves

Unless indicated by a box (□), all lots in this

catalogue are offered subject to a reserve. A

reserve is the confidential minimum hammer

price at which a lot will be sold. The reserve

is generally set at a percentage of the low

estimate and will not exceed the low estimate

of the lot. If any lots in the catalogue are offered

without reserve, such lots will be designated by

a box (□). If every lot in a catalogue is offered

without a reserve, the Conditions of Sale will

so state and this symbol will not be used for

each lot.

○ Guaranteed Property

The seller of lots with this symbol has been

guaranteed a minimum price from one auction

or a series of auctions. This guarantee may be

provided by Sotheby’s or jointly by Sotheby’s

and a third party. Sotheby’s and any third parties

providing a guarantee jointly with Sotheby’s

benefit financially if a guaranteed lot is sold

successfully and may incur a loss if the sale is not

successful. A third party providing a guarantee

jointly with Sotheby’s may provide an irrevocable

bid, or otherwise bid, on the guaranteed

property. If this auction has a printed catalogue,

a PDF catalogue or both and the guaranteed

property symbol for a lot is not included in such

catalogue or if there is no printed catalogue or

PDF catalogue and the guaranteed property

symbol for a lot is not included at the time the

digital catalogue is initially available for viewing,

then Sotheby’s will notify bidders that there is

a guarantee on the lot by one or more of the

following means: the lot’s specific webpage will

be updated to include the guaranteed property

symbol, a notice will be added to the Sotheby’s

webpage for the auction, or a pre-sale or pre-lot

announcement will be made indicating that there

is a guarantee on the lot.

△ Property in which Sotheby’s has an

Ownership Interest

Lots with this symbol indicate that Sotheby’s

owns the lot in whole or in part or has an

economic interest in the lot equivalent to an

ownership interest.

⋑ Irrevocable Bids

Lots with this symbol indicate that a party has

provided Sotheby’s with an irrevocable bid on the

lot that will be executed during the sale at a value

that ensures that the lot will sell. The irrevocable

bidder, who may bid in excess of the irrevocable

bid, may be compensated for providing the

irrevocable bid by receiving a contingent fee, a

fixed fee or both. From time to time, a Sotheby’s

shareholder may be an irrevocable bidder. If the

irrevocable bidder is the successful bidder, any

contingent fee, fixed fee or both (as applicable)

for providing the irrevocable bid may be netted

against the irrevocable bidder’s obligation to

pay the full purchase price for the lot and the

purchase price reported for the lot shall be net of

any such fees. From time to time, Sotheby’s may

enter into irrevocable bid agreements that cover

multiple lots. In such instances, the compensation

Sotheby’s will pay the irrevocable bidder is

allocated to the lots for which the irrevocable

bidder is not the successful purchaser. Under

such circumstances, the total compensation to

the irrevocable bidder will not exceed the total

buyer’s premium and other amounts paid to

Sotheby’s in respect of any lots for which the

irrevocable bidder is not the successful bidder.

If this auction has a printed catalogue, a PDF

catalogue or both and the irrevocable bid is not

secured until after such catalogue is finalized or

if there is no printed catalogue or PDF catalogue

and the irrevocable bid is not secured until

after the digital catalogue is initially available

for viewing, then Sotheby’s will notify bidders

that there is an irrevocable bid on the lot by

one or more of the following means: the lot’s

specific webpage will be updated to include the

irrevocable bid symbol, a notice will be added

to the Sotheby’s webpage for the auction, or a

pre-sale or pre-lot announcement will be made

indicating that there is an irrevocable bid on the

lot. From time to time, Sotheby’s or any affiliated

company may provide the irrevocable bidder

with financing related to the irrevocable bid.

In addition, from time to time, an irrevocable

bidder may have knowledge of the amount of a

guarantee. If the irrevocable bidder is advising

anyone with respect to the lot, Sotheby’s requires

the irrevocable bidder to disclose his or her

financial interest in the lot. If an agent is advising

you or bidding on your behalf with respect to a

lot identified as being subject to an irrevocable

bid, you should request that the agent disclose

whether or not he or she has a financial interest

in the lot.

⊻ Interested Parties

Lots with this symbol indicate that parties with

a direct or indirect interest in the lot may be

bidding on the lot, including (i) the beneficiary

of an estate selling the lot, or (ii) the joint owner

of a lot. If the interested party is the successful

bidder, they will be required to pay the full

buyer’s premium and overhead premium. In

certain instances, interested parties may have

knowledge of the reserve. If this auction has a

printed catalogue, a PDF catalogue or both and

the interested party’s possible participation in

the sale Is not known until after such catalogue

is finalized or if there is no printed catalogue

or PDF catalogue and the interested party’s

possible participation in the sale Is not known

until after the digital catalogue is initially

available for viewing, then Sotheby’s will notify

bidders that an interested party may bid on

the lot by one or more of the following means:

the lot’s specific webpage will be updated to

include the interested parties symbol, a notice

will be added to the Sotheby’s webpage for the

auction, or a pre-sale or pre-lot announcement

will be made indicating that an interested party

may bid on the lot.

◉ Restricted Materials

Lots with this symbol have been identified at

the time of cataloguing as containing organic

material which may be subject to restrictions

regarding import or export. The information is

made available for the convenience of bidders

and the absence of the symbol is not a warranty

that there are no restrictions regarding import

or export of the Lot; bidders should refer to

Condition 12 of the Conditions of Sale. Please

also refer to the section on Endangered Species

in the information on Buying at Auction.

Π Monumental

Lots with this symbol may, in our opinion,

require special handling or shipping services

due to size or other physical considerations.

Bidders are advised to inspect the lot and to

contact Sotheby’s prior to the sale to discuss

any specific shipping requirements.

✧ Premium Lot

In order to bid on “Premium Lots” (in print

catalogue or ² in the lot’s specific webpage)

you may be required to complete a Premium Lot

pre-registration application. You must arrange

for Sotheby’s to receive your pre-registration

application at least three working days before

the sale. Please bear in mind that we are unable

to obtain financial references over weekends or

public holidays. Sotheby’s decision whether to

accept any pre-registration application shall be

final. If all lots in the catalogue are “Premium Lots”,

a Special Notice will be included to this effect and

this symbol will not be used.

⊖ US Import Tariff

Please note that this lot is subject to an import

tariff. The amount of the import tariff due is a

percentage of the value declared upon entry

into the United States. The amount of the

import tariff is not based on the final hammer

price. The buyer should contact Sotheby’s

prior to the sale to determine the amount of the

import tariff. If the buyer instructs Sotheby’s to

arrange shipping of the lot to a foreign address,

the buyer will not be required to pay the import

tariff. If the buyer instructs Sotheby’s to arrange

shipping of the lot to a domestic address, or if

the buyer collects the property in person, or if

the buyer arranges their own shipping (whether

domestically or internationally), the buyer will

be required to pay the import tariff. The import

tariff is included in the purchase price and,

where applicable, sales tax will be added to the

purchase price as per our Sales and Use Tax

section.

2. BEFORE THE AUCTION

Bidding in advance of the live auction For

certain sales, you may bid in advance of the live

auction (“Advance Bids”) on sothebys.com or

the Sotheby’s App. In order to do so, you must

requested information. Once you have done

so, navigate to your desired lot, and click the

“Place Bid” button. You may bid at or above the

starting bid displayed on the Online Platforms.

Please note that we reserve the right to amend

the starting bid prior to the start of the live

auction. You may also input your maximum

bid which, upon confirmation, will be executed

automatically up to this predefined maximum

value, in response to other bids, including bids

placed by Sotheby’s on behalf of the seller, up

to the amount of the reserve (if applicable).

The current leading bid will be visible to all

bidders; the value and status of your maximum

bid will be visible only to you. If the status of

your bid changes, you will receive notifications

via email and push (if you have enabled push

notifications) leading up to the live auction.

You may raise your maximum bid at any time

in advance of the live auction. Please note in

certain circumstances, clients who have been

outbid may be reinstated as the leading bidder

and will receive notification via email or push

notifications (if enabled on your device).

The Catalogue The catalogue will help

familiarize you with property being offered at

the designated auction. Prospective bidders

should consult sothebys.com for the most

up to date cataloguing of the property in this

catalogue.

Estimates Each lot in the catalogue is

given a low and high estimate, indicating

to a prospective buyer a range in which the

lot might sell at auction. When possible, the

estimate is based on previous auction records

of comparable pieces. The estimates are

determined several months before a sale and

are therefore subject to change upon further

research of the property, or to reflect market

conditions or currency fluctuations. Estimates

should not be relied upon as a representation or

prediction of actual selling prices.

Provenance In certain circumstances,

Sotheby’s may include in the catalogue

the history of ownership of a work of art if

such information contributes to scholarship

or is otherwise well known and assists in

distinguishing the work of art. However, the

identity of the seller or previous owners may

not be disclosed for a variety of reasons.

For example, such information may be

excluded to accommodate a seller’s request

for confidentiality or because the identity of

prior owners is unknown given the age of the

work of art.

Specialist Advice Prospective bidders may be

interested in specific information not included in

the catalogue description of a lot. For additional

information, please contact either a Sotheby’s

specialist in charge of the sale, or Sotheby’s Client

Services Department. You may also request a

condition report from the specialist in charge.

Viewing Property will be available for viewing

by appointment only at our New York premises,

or such other location as we may indicate from

time to time. You can schedule a viewing as

indicated on our website.

Salesroom Notices Salesroom notices

amend the catalogue description after our

catalogue is available. They are announced by

the auctioneer and/or posted on the sale page.

Please take note of them.

Registration Sotheby’s may require such

necessary financial references, guarantees,

deposits and/or such other security, in its

absolute discretion, as security for your bid.

If you are not successful on any lot, Sotheby’s

will arrange for a refund (subject to any right

of set off) of the deposit amount paid by you

without interest within 14 working days of the

date of the sale. Any exchange losses or fees

associated with the refund shall be borne by

you. Registration to bid on Premium Lots

must be done at least 3 business days prior to

the sale.

3. DURING THE AUCTION

The Auction Auctions are open to the public

(subject to any governmental health or safety

restrictions) without any admission fee or

obligation to bid. The auctioneer introduces

the objects for sale — known as “lots” — in

numerical order as listed in the catalogue.

Unless otherwise noted in the catalogue, on

the sale page or by an announcement at the

auction, Sotheby’s acts as agent on behalf of

the seller and does not permit the seller to bid

on his or her own property. It is important for all

bidders to know that the auctioneer may open

the bidding on any lot by placing a bid on behalf

of the seller. The auctioneer may further bid

on behalf of the seller, up to the amount of the

reserve, by placing responsive or consecutive

bids for a lot. The auctioneer will not place

consecutive bids on behalf of the seller above

the reserve.

Bidding in Person IIn person bidding is

currently not available for this auction. For

the most up-to-date information regarding

in person bidding, please call Sotheby’s or

visit Sothebys.com. Bidders are encouraged

to submit bids online on Sothebys.com or

through the Sotheby’s App.

Absentee Bidding In person bidding is

currently not available for this auction. For the

most up-to-date information regarding in person

bidding, please call Sotheby’s or visit Sothebys.

com. Bidders are encouraged to submit bids

online on Sothebys.com or through the Sotheby’s

App. If you do not wish to bid online during the

live auction, you may place your bid ahead of

time, either via sothebys.com or the App, or

by submitting your bid in writing to the Bids

Department. Once the live auction opens, when

the lot that you are interested in comes up for

sale, the auctioneer will execute the bid on your

behalf, making every effort to purchase the item

for as little as possible and never exceeding your

limit. This service is free and confidential.

Advance Bidding For certain sales, where

Advance Bids are accepted, if you submit an

“Advance Bid” (as described above in “BEFORE

THE AUCTION”), and your bid is not executed

up to its maximum value before the auction

begins, your bid will continue to be executed

automatically on your behalf during the live

auction up to your predetermined maximum

bid. You may also continue to bid via the Online

Platforms at the next increment above your

maximum bid. Bidders utilizing any online

platform are subject to the Online Terms as

well as the relevant Conditions of Sale. Online

bidding may not be available for Premium Lots.

Telephone Bidding In some circumstances,

we offer the ability to place bids by telephone

live to a Sotheby’s representative on the auction

floor. Please contact the Bid Department prior

to the sale to make arrangements or to answer

any questions you may have. Telephone bids

are accepted only at Sotheby’s discretion and

at the caller’s risk. Calls may also be recorded

at Sotheby’s discretion. By bidding on the

telephone, prospective buyers consent thereto.

Live Online Bidding In person bidding is

currently not available for this auction. For

the most up-to-date information regarding in

person bidding, please call Sotheby’s or visit

Sothebys.com. Bidders are encouraged to

submit bids online on Sothebys.com or through

the Sotheby’s App. For information about

registering to bid on sothebys.com or through

the Sotheby’s App, please see sothebys.com.

Bidders utilizing any online platform are subject

to the Online Terms as well as the relevant

Conditions of Sale. Online bidding may not be

available for Premium Lots.

Employee Bidding Sotheby’s employees may

bid in a Sotheby’s auction only if the employee

does not know the reserve and if the employee

fully complies with Sotheby’s internal rules

governing employee bidding.

US Economic Sanctions The United States

maintains economic and trade sanctions

against targeted foreign countries, groups and

organizations. There may be restrictions on the

import into the United States of certain items

originating in sanctioned countries, including

Cuba, Iran, North Korea and Sudan. The

purchaser’s inability to import any item into the

US or any other country as a result of these or

other restrictions shall not justify cancellation

or rescission of the sale or any delay in

payment. Please check with the specialist

department if you are uncertain as to whether

a lot is subject to these import restrictions,

or any other restrictions on importation or

exportation.

Hammer Price and the Buyer’s Premium

and the Overhead Premium For lots which

are sold, the last price for a lot as announced

by the auctioneer is the hammer price. A

buyer’s premium and overhead premium will

be added to the hammer price and are payable

by the purchaser as part of the total purchase

price. The buyer’s premium and the overhead

premium will be the amounts stated in the

Conditions of Sale.

Currency Board As a courtesy to bidders,

a currency board is operated in many

salesrooms. It displays the lot number and

current bid in both U.S. dollars and foreign

currencies. Exchange rates are approximations

based on recent exchange rate information and

should not be relied upon as a precise invoice

amount. Sotheby’s assumes no responsibility

for any error or omission in foreign or United

States currency amounts shown.

Results Sale results are available on sothebys.

com and on the Sotheby’s App.

International Auctions If you need

assistance placing bids, obtaining condition

reports or receiving auction results for a

Sotheby’s sale outside the United States,

please contact our International Client Services

Department.

4. AFTER THE AUCTION

Payment If your bid is successful, your

invoice will be mailed to you. The final price is

determined by adding the buyer’s premium,

overhead premium and any other applicable

charges to the hammer price on a per-lot basis.

Sales tax, where applicable, will be charged

on the entire amount. Payment is due in full

immediately after the sale. However, under

certain circumstances, Sotheby’s may, in its

sole discretion, offer bidders an extended

payment plan. Such a payment plan may

provide an economic benefit to the bidder.

Credit terms should be requested at least one

business day before the sale. However, there

is no assurance that an extended payment

plan will be offered. Please contact Post Sale

Services or the specialist in charge of the sale

for information on credit arrangements for a

particular lot. Please note that Sotheby’s will

not accept payments for purchased lots from

any party other than the purchaser, unless

otherwise agreed between the purchaser and

Sotheby’s prior to the sale.

Payment by Cash It is against Sotheby’s

general policy to accept payments in the form

of cash or cash equivalents.

Payment by Credit Cards Sotheby’s accepts

payment by credit card for Visa, MasterCard,

and American Express only. Credit card

payments may not exceed $50,000 per sale.

Payment by credit card may be made (a) online

at https://www.sothebys.com/en/invoicepayment.

html, (b) through the Sotheby’s App,

212 606 7444, or (d) in person at Sotheby’s

premises at the address noted in the catalogue.

Please note that Sotheby’s New York office is

open on a limited basis by appointment only.

Payment by Check Sotheby’s New York

office is open on a limited basis by appointment

only. During such time, Sotheby’s cannot

accept payment by check (including, but not

limited to, personal, certified, banker’s draft or

cashier’s checks).

Payment by Wire Transfer To pay for a

purchase by wire transfer, please refer to the

payment instructions on the invoice provided

by Sotheby’s or contact Post Sale Services to

request instructions.

Sales and Use Tax New York sales tax

is charged on the hammer price, buyer’s

premium, overhead premium and any other

applicable charges on any property picked up

or delivered in New York State, regardless of the

state or country in which the purchaser resides

or does business. Purchasers who wish to use

their own shipper who is not a considered a

“common carrier” by the New York Department

of Taxation and Finance will be charged New

York sales tax on the entire charge regardless of

the destination of the property. Please refer to

“Information on Sales and Use Tax Related to

Purchases at Auction”.

Collection and Delivery

Post Sale Services

+ 1 212 606 7444

FAX: + 1 212 606 7043

uspostsaleservices@sothebys.com

Sotheby’s New York office is open on a limited

basis by appointment only. All collections

and deliveries for purchased property will be

handled by Post Sale Services in coordination

with purchasers after the auction. Unless

otherwise agreed by Sotheby’s, all property

must be removed from our or our vendor’s

premises (as indicated on the invoice) by

the purchaser at his expense not later than

30 calendar days following the close of the

auction. As a reminder your property cannot

be released until payment has been received

and cleared.

Shipping Services Sotheby’s offers a

comprehensive shipping service to meet all of

your requirements. If you received a shipping

quotation or have any questions about the

services we offer please contact us.

Collecting your Property Sotheby’s New York

office is open on a limited basis by appointment

only. All collections and deliveries for purchased

property will be handled by Post Sale Services

in coordination with purchasers after the

auction. Unless otherwise agreed by Sotheby’s,

all property must be removed from our or our

vendor’s premises (as indicated on the invoice)

by the purchaser at his expense not later than

30 calendar days following the close of the

auction. As a courtesy to purchasers who come

to Sotheby’s to collect property, Sotheby’s will

assist in the packing of lots, although Sotheby’s

may, in the case of fragile articles, choose not to

pack or otherwise handle a purchase.

If you are using your own shipper to collect

property from Sotheby’s, please provide a

letter of authorization and kindly instruct your

shipper that they must provide a Bill of Lading

prior to collection. Both documents must be

sent to Post Sale Services prior to collection.

The Bill of Lading must include: the purchaser’s

full name, the full delivery address including the

street name and number, city and state or city

and country, the sale and lot number.

Sotheby’s will contact your shipper within 24

hours of receipt of the Bill of Lading to confirm

the date and time that your property can be

collected. Property will not be released without

this confirmation and your shipper must

bring the same Bill of Lading that was faxed to

Sotheby’s when collecting. All property releases

are subject to the receipt of cleared funds.

Please see the Conditions of Sale for further

details.

Endangered Species Certain property sold

at auction, for example, items made of or

incorporating plant or animal materials such as

coral, crocodile, ivory, whalebone, tortoiseshell,

rhinoceros horn, rosewood, etc., irrespective of

age or value, may require a license or certificate

prior to exportation and additional licenses

or certificates upon importation to another

country. Sotheby’s suggests that buyers

check on their government wildlife import

requirements prior to placing a bid. Please note

that the ability to obtain an export license or

certificate does not ensure the ability to obtain

an import license or certificate in another

country, and vice versa. It is the purchaser’s

responsibility to obtain any export or import

licenses and/or certificates as well as any other

required documentation. In the case of denial

of any export or import license or of delay in the

obtaining of such licenses, the purchaser is still

responsible for making on-time payment of the

total purchase price for the lot.

Although licenses can be obtained to export

some types of endangered species, other types

may not be exported at all, and other types may

not be resold in the United States. Upon request,

Sotheby’s is willing to assist the purchaser in

attempting to obtain the appropriate licenses

and/or certificates. However, there is no

assurance that an export license or certificate

can be obtained. Please check with the specialist

department or the Shipping Department if you

are uncertain as to whether a lot is subject to

these export/import license and certificate

requirements, or any other restrictions on

exportation.

The Art Loss Register As part of Sotheby’s

efforts to support only the legitimate art market

and to combat the illegitimate market in stolen

property, Sotheby’s has retained the Art Loss

items offered for sale in this catalogue that

are estimated at more than the equivalent

of US$1,500 against the Art Loss Register’s

computerized database of objects reported

as stolen or lost. The Art Loss Register is

pleased to provide purchasers with a certificate

confirming that a search has been made. All

inquiries regarding search certificates should

be directed to The Art Loss Register, First Floor,

63-66 Hatten Garden, London EC1N 8LE or

by email at artloss@artloss.com. The Art Loss

title of any catalogued item against which they

search, and will not be liable for any direct or

consequential losses of any nature howsoever

arising. This statement and the ALR’s service

do not affect your rights and obligations under

the Conditions of Sale applicable to the sale.

SELLING AT AUCTION

If you have property you wish to sell, Sotheby’s

team of specialists and client services

representatives will assist you through the

entire process. Simply contact the appropriate

specialist (specialist departments are listed in

the catalogue), General Inquiries Department

or a Sotheby’s regional office representative

for suggestions on how best to arrange for

evaluation of your property.

Property Evaluation There are three general

ways evaluation of property can be conducted:

(1) In our galleries

You may bring your property directly to our

galleries where our specialists will give you

auction estimates and advice. There is no

charge for this service, but we require that you

telephone ahead for an appointment.

(2) By photograph

If your property is not portable, or if you are

not able to visit our galleries, you may bring

in or send a clear photograph of each item. If

you have a large collection, a representative

selection of photographs will do. Please be sure

to include the dimensions, artist’s signature or

maker’s mark, medium, physical condition and

any other relevant information. Our specialists

will provide a free preliminary auction estimate

subject to a final estimate upon first-hand

inspection.

(3) In your home

Evaluations of property can also be made in

your home. The fees for such visits are based

on the scope and diversity of property, with

travel expenses additional. These fees may be

rebated if you consign your property for sale

at Sotheby’s. If there is considerable property

in question, we can arrange for an informal

“walkthrough.”

Once your property has been evaluated,

Sotheby’s representatives can then help you

determine how to proceed should you wish

to continue with the auction process. They

will provide information regarding sellers’

commission rates and other charges, auction

venue, shipping and any further services you

may require.

SOTHEBY’S SERVICES

Sotheby’s also offers a range of other services

to our clients beyond buying and selling at

auction. These services are summarized below.

Further information on any of the services

described below can be found at sothebys.com.

Valuations and Appraisals Sotheby’s

Valuations and Appraisals Services offers

advice regarding personal property assets

to trusts, estates, and private clients in order

to help fiduciaries, executors, advisors, and

collectors meet their goals. We provide efficient

and confidential advice and assistance for all

appraisal and auction services. Sotheby’s can

prepare appraisals to suit a variety of needs,

including estate tax and planning, insurance,

charitable contribution and collateral loan. Our

appraisals are widely accepted by the Internal

Revenue Service, tax and estate planning

professionals, and insurance firms. In the event

that a sale is considered, we are pleased to

provide auction estimates, sales proposals and

marketing plans. When sales are underway,

the group works closely with the appropriate

specialist departments to ensure that clients’

needs are met promptly and efficiently.

Financial Services Sotheby’s offers a wide

range of financial services including advances

on consignments, as well as loans secured by

art collections not intended for sale.

Museum Services Tailored to meet the unique

needs of museums and non-profits in the

marketplace, Museum Services offers personal,

professional assistance and advice in areas

including appraisals, deaccessions, acquisitions

and special events.

Corporate Art Services Devoted to servicing

corporations, Sotheby’s Corporate Art Services

Department can prepare appraisal reports,

advise on acquisitions and deaccessions,

manage all aspects of consignment, assist in

developing arts-management strategies and

create events catering to a corporation’s needs.

INFORMATION ON SALES

AND USE TAX RELATED TO

PURCHASES AT AUCTION

To better assist our clients, we have prepared

the following information on Sales and Use Tax

related to property purchased at auction.

Why Sotheby’s Collects Sales Tax Virtually

all State Sales Tax Laws require a corporation

to register with the State’s Tax Authorities and

collect and remit sales tax if the corporation

either establishes or maintains physical or

economic presence within the state. In the

states that impose sales tax, Tax Laws require

an auction house, with such presence in the

state, to register as a sales tax collector, and

remit sales tax collected to the state. New York

sales tax is charged on the hammer price,

buyer’s premium, overhead premium and

any other applicable charges on any property

picked up or delivered in New York, regardless

of the state or country in which the purchaser

resides or does business.

Where Sotheby’s Collects Sales Tax

Sotheby’s is currently registered to collect

sales tax in the following states: Alabama,

Arizona, Arkansas, California, Colorado,

Connecticut, District of Columbia, Florida,

Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa,

Kansas, Kentucky, Louisiana, Maine, Maryland,

Massachusetts, Michigan, Minnesota,

Mississippi, Missouri, Nebraska, Nevada,

New Jersey, New Mexico, New York, North

Carolina, Ohio, Oklahoma, Pennsylvania,

Rhode Island, South Carolina, South Dakota,

Tennessee, Texas, Utah, Vermont, Virginia,

Washington, Wisconsin and Wyoming. For

any property collected or received by the

purchaser in New York City, such property is

subject to sales tax at the existing New York

State and City rate of 8.875%.

Sotheby’s Arranged Shipping If the property

is delivered into any state in which Sotheby’s is

registered, Sotheby’s is required by law to collect

and remit the appropriate sales tax in effect in

the state where the property is delivered.

Client Arranged Shipping Property collected

from Sotheby’s New York premises by a common

carrier hired by the purchaser for delivery at an

address outside of New York is not subject to New

York Sales Tax, but if the property is delivered

into any state in which Sotheby’s is registered,

Sotheby’s is required by law to collect and remit

the appropriate sales tax in effect in the state

where the property is delivered. New York State

recognizes shippers such as the United States

Postal Service, United Parcel Service, FedEx, or

the like as “common carriers”. If a purchaser hires

a shipper other than a common carrier to pick

up property, Sotheby’s will collect New York sales

tax at a rate of 8.875% regardless of the ultimate

destination of the goods. If a purchaser utilizes

a freight-forwarder who is registered with the

Transportation Security Administration (“TSA”) to

deliver property outside of the United States, no

sales tax would be due on this transaction.

Where Sotheby’s is Not Required to

Collect Sales Tax Sotheby’s is not required

to collect sales tax on property delivered to

states other than those listed above. If the

property is delivered to a state where Sotheby’s

is not required to collect sales tax, it is the

responsibility of the purchaser to self-assess any

sales or use tax and remit it to taxing authorities

in that state.

Sotheby’s is not required to collect sales tax for

property delivered to the purchaser outside of

the United States.

Restoration and Other Services Regardless

of where the property is subsequently

transported, if any framing or restoration

services are performed on the property in New

York, it is considered to be a delivery of the

property to the purchaser in New York, and

Sotheby’s will be required to collect the 8.875%

New York sales tax.

Certain Exemptions Most states that impose

sales taxes allow for specified exemptions to

the tax. For example, a registered re-seller such

as a registered art dealer may purchase without

incurring a tax liability, and Sotheby’s is not

required to collect sales tax from such re-seller.

The art dealer, when re-selling the property,

may be required to charge sales tax to its client,

or the client may be required to self-assess

sales or use tax upon acquiring the property.

Local Tax Advisors As sales tax laws vary

from state to state, Sotheby’s recommends

that clients with questions regarding the

application of sales or use taxes to property

purchased at auction seek tax advice from their

local tax advisors.

IMPORTANT NOTICES

Important Notice to Purchasers

Sotheby’s New York office is open on a limited

basis by appointment only. Auctions conducted

during this time will be processed through Post

Sale Services as per usual business procedure.

All collections and deliveries for purchased

property will be handled by Post Sale Services in

coordination with purchasers after the auction.

Invoices will be issued to the successful party,

which will include total purchase price, payment

options, and next steps on delivery. Payment is

due immediately.

Property Collection All collections and

deliveries for purchased property will be handled

by Post Sale Services in coordination with

purchasers after the auction. Invoices will be

issued to the successful party, which will include

total purchase price, payment options, and next

steps on delivery. During this time, payment

for property is still due as per the Conditions of

Sale. Post Sale Services will be in touch for future

collection scheduling or shipping arrangements.

Property Payment All property must be

paid in full before collection or release from

any of our or our vendor’s premises. Payment

must be made through Sotheby’s New York

Post Sale Services by way of our acceptable

forms of payment methods mentioned on your

invoice. To arrange for payment, please contact

Post Sale Services at +1 212 606 7444 or

USPostSaleServices@sothebys.com. Payment

will not be accepted at any offsite facility.

Dealers and resale clients should fill out the

appropriate forms where applicable or contact

Post Sale Services with any questions.

Loss and Liability Unless otherwise agreed

by Sotheby’s, all sold property must be removed

from any of our premises or our vendor’s

premises by the buyer at their expense no later

than 30 calendar days following the auction.

Buyers are reminded that Sotheby’s liability for

loss or damage to sold property shall cease no

later than 30 calendar days after the date of

the auction.

Collection & Shipping All collections and

deliveries for purchased property will be handled

by Post Sale Services in coordination with

purchasers after the auction.

For any in-person collections at any of our

vendor’s premises, please alert Post Sale

Services of your proposed collection date,

ensure that all outstanding invoices have been

paid for, and that you or your agent have the

appropriate photo identification upon arrival.

If you are using your own shipper to

collect property, please provide a letter of

authorization and instruct your shipper to email

their bill of lading to billsoflading@sothebys.

com and ensure the correct collection location

is specified.

Sotheby’s can arrange for delivery of your property

through one of our contracted vendors or

can coordinate pick up at our offsite location

with you or your shipper directly. Please contact

Post Sale Services at +1 212 606 7444 or

USPostSaleServices @sothebys.com to start

your collection process.

Important Notice Regarding Packing

As a courtesy to purchasers who come to

Sotheby’s to pick up property, Sotheby’s will

assist in packing framed paintings. Sotheby’s

is unable to remove canvases off stretchers or

to roll works on paper. Purchasers are advised

to contact an independent painting restorer to

pack works in this manner.

Important Notices About Numismatic

Property Grading is a subjective description

in the opinion of the cataloguer as to the state

of preservation, method of strike, and overall

appearance of a particular coin or lot. The term

“proof” or “specimen” is used to describe a

method of manufacture, and is not a grade or

condition or an attribution.

Sotheby’s does not represent that a

numismatic item has or has not been cleaned,

that any toning is natural or artificial, that a

numismatic item has a particular provenance

or pedigree, that a numismatic is struck or

not struck, or produced or not produced in a

particular manner or style.

Adjectival descriptions and terminology

(which can and do vary among experts and

knowledgeable purchasers), when utilized in

the catalogue, are strictly the opinion of the

cataloguer, shall not be deemed to be part of

the description, and are not a warranty of any

kind.

Grading descriptions in this catalogue are

provided strictly for the convenience of bidders

and represent the cataloguer’s opinion of the

lot’s state of preservation. Bidders should

draw their own conclusions as to the state of

preservation or grade of the numismatic item.

The mention of any defects or damages

does not signify that others may not exist.

Prospective purchasers are urged to inspect

the Property. Provision of description does

not negate Paragraph 1 of the Conditions of

Sale, which provides that all lots are sold “AS

IS”. The property may not be returned except

for reasons of authenticity as provided in

Paragraph 1 above.

Photography

Julian Cassady

Scott Elam

SquareMoose/Ed Parrinello

Three Treasures – Collected by Stuart Weitzman

Three Treasures – Collected by Stuart Weitzman

Three Treasures – Collected by Stuart Weitzman