[Gustav V of Sweden] King Gustav V of Sweden playing tennis, - Lot 430

LOTS 1 TO 54 ARE SOLD ON DESIGNATION AS THEY ARE KEPT IN A SAFE AT THE BANK.

Sale costs 14,4% VAT included for the lots 1 to 54 and 28% VAT included for the lots 55 to 445.

Sale on Thursday 27 April at 2 pm, at the office at 174 rue du Faubourg Saint-Honoré 75008, Paris.

Exhibition by appointment on Wednesday 26 April from 9 am to 12:30 pm and 2 pm to 6 pm, at the auction house 174 rue du Faubourg Saint-Honoré 75008, Paris.

Inquiries and appointments should be sent by email to contact@mirabaud-mercier.com.

MIRABAUD MERCIER is a company of voluntary auction sales regulated by the law of July 10th 2000. In such capacity it acts as the agent of the seller who contracts with the buyer. The relationships between MIRABAUD MERCIER and the buyer are subject to the present Sale Conditions which can be modified by saleroom notices or oral indications given at the time of the sale, which will be recorded in the official sale record. Purchased lots will have to be paid immediately after the sale.

Any buyer bidding online through DROUOTLIVE or any other platform hereby agrees that he/she is fully aware of the possible changes the auctioneer may have orally announced during the sale and consigned in the ‘Proces Verbal’; such buyer cannot oppose having turned off the sound of the computer or not heard such modification.

The sale will be conducted in Euros. Purchasers will pay in addition to the hammer price, a buyer’s premium of 23%+VAT i.e. 24,27% for books and 27,6% for other items.

GOODS FOR AUCTIONS / GUARANTEES

The auctioneer is bound by the indications in the catalogue, modified only by announcements made at the time of the sale noted in the legal records thereof. The order of the catalog can be modified. An exhibition prior to the sale permits buyers to establish the conditions of the lots offered for sale and no claims will be accepted after the hammer has fallen. Some differences may appear between the original work and its illustration, there will be no claims in such matter. The measurements are given only as an indication. The statements about any restoration, misshape or harm arisen concerning the lot are only made to facilitate the inspection thereof by the prospective buyer and remain subject to his/her own or to his/her expert’s appreciation. The absence of statements relating to a restoration, mishap or harm, whether made in the catalogue, condition reports, on labels or orally, does not imply that the item is exempt from any current, past or repaired defect. The indication of any defect whatsoever does not imply the absence of any other defects, being specified that basic restorations and relining do not decrease the value of the good since they are considered as conservatory measures. Dimensions are given for guidance only. The state of the frames is not guaranteed. Any changes to the conditions of sale or to the descriptions in the catalogue shall be announced verbally during the sale, and appended to the official sale record (procès-verbal). An estimate in euros of the likely sale price is mentioned in the catalogue, or on a separate sheet, for each lot. This is provided for indication only. The hammer price may of course be above or below this estimate. Pursuant to legal rules, MIRABAUD MERCIER is liable for 5 years, starting from the date of the auction sale.

BIDS

The highest and final bidder is deemed to be the purchaser, and must provide his/her name and address. Payment must be made immediately after the sale. No lot will be transferred to the purchaser before it has been paid for in full. In the event of payment by cheque or bank transfer, property may be withheld until payment has been cleared. Any storage costs that may result are to be paid by the purchaser. In case of dispute after the word « adjugé » has been pronounced, i.e. if two or more bidders simultaneously make the same bid, either vocally or by sign, and claim title to the lot after the word « adjugé » has been pronounced, the said lot can be immediately reoffered for sale by the auctioneer, and all those present may take part in the bidding.

ABSENTEE BIDS

Bidders unable to attend the sale must complete the absentee bid form in this catalogue that needs to be received by MIRABAUD MERCIER at least one day before the sale together with bank references and a copy of the passport. MIRABAUD MERCIER will act on behalf of the bidder, in accordance with the instructions contained in the absentee bid form, and try to purchase the lot(s) at the lowest possible price, in no circumstances exceeding the maximum amount stipulated by the bidder. MIRABAUD MERCIER will act in the bidder’s best interest and any information concerning the latter will remain confidential. Telephone bidding are services provided for clients. MIRABAUD MERCIER declines responsibility for any errors, omissions, technical problem that may occur or if the call has not been answered. Should two written bids be identical, the first one received takes precedence.

Any telephone bid implies a bid offer at the lower estimation of the item.

On DROUOT LIVE

1,5% live fees will be added to the hammer price

On INTERENCHERES LIVE

3% live fees will be added to the hammer price

ONLINE ONLY

3 % online auction fees will be added to the hammer price

This percent will be re-invoiced to Drouot live’s buyer in addition to buyer’s premium

PREEMPTION OF THE PURCHASED LOTS

The State in entitled to use a right of pre-emption on works of art, pursuant to the rules of law in force. The use of this right comes immediately after the after the word «adjugé» has been pronounced, the representative of the French state expressing then the intention of the State to substitute for the last bidder, provided he/she confirms the pre-emption decision within fifteen days. If such confirmation has not been made, the bidder will have to pay his/her item bought without delay. MIRABAUD MERCIER will not bear any liability/responsibility for the conditions of the pre-emption by the French State.

PAYMENT

The sale shall be conducted in euros. Any payments must be effected in euros. Payment is due immediately after the sale. The payment is made once money has been deposited to MIRABAUD MERCIER‘s account.

Payments can be made in the following ways:

By credit card in the saleroom (VISA or MASTERCARD) or on line

https://www.drouotonline.com/paiement/drouotmirabaudmercier

By certified cheque or crossed cheque in euros, upon presentation of a valid passport. In case of payment by non certified cheque, the collection of purchase may be postponed until the money has been received on MIRABAUD MERCIER’s account.

By bank transfer in euros.

code Swift BNPPARB PARIS A CENTRALE FR

BIC BNPAFRPPPAC

IBAN : FR76 3000 4008 2800 0116 9748 076

MIRABAUD MERCIER SARL

dépot clients SVV art L321 6 CC

RIB

Bank code Branch code Account number Key

30004 00828 00011697480 76

Any buyer who wants to execute payment by bank transfer issued from a foreign bank account must pay additional fee of € 20.

In cash (Decret June 24, 2015) : up to € 1000 (inc. premium) for French citizens or professionals. up to € 15 000 (inc. premium) for foreign citizens upon presentation of valid passport and evidence of residence abroad.

IMPORTATION / EXPORTATION

The items marked with * fall under the scope of the temporary importation rules. Additional fees of 5,5% will apply, unless the buyer exports the goods outside the EU.

Such buyers shall inform MIRABAUD MERCIER on the day of the sale. They will be entitled, under specific conditions, to deduct the VAT due on the auctioneer’s fees. European buyers who pay VAT can have the VAT deducted on the auctioneers’ fees upon meetings of the legal requirements. MIRABAUD MERCIER remains at the disposal of any buyer should the buyer needs information on this matter.

DEFAULT PAYMENT

Should the buyer fail to pay the amount due, and after notice to pay has been given by MIRABAUD MERCIER to the buyer without success, the buyer will be be charged additional fees of 10% of the hammer price, with a minimum of € 250, together with late payment interest. MIRABAUD MERCIER also reserves the right to set off any amount. Such disposition does not exclude compensatory damages and the enforcement of the “procédure de folle enchère” as hereafter described. Should the buyer fail to pay the amount due, and after notice to pay has been given by MIRABAUD MERCIER to the buyer without success, at the seller’s request, the lot is re-offered for sale, under the French procedure known as “procédure de folle enchère”. If the seller does not make this request within 2 month from the date of the sale, the sale will be automatically cancelled, without prejudice to any damages owed by the defaulting buyer. In addition to the additional fees above mentioned, the defaulting buyer will be liable for the payment of the difference between the initial hammer price and the price of sale after “procédure de folle enchère” if it is inferior as well as the costs generated by the new auction. The information requested on the absentee bid form are mandatory to have your order proceeded. You can ask for and modify any data relating to you or your can refuse for legitimate purpose in writing to us with a copy of your ID.

MIRABAUD MERCIER has registered to the Central Register of Bad Buyers to which any payment issue may be declared. To access to such data, to modify these or to oppose to any proceeding of the data, please contact SYMEV 15 rue Fressinet 75016 Paris, France.

STORAGE - COLLECTION OF PURCHASES - SHIPPING

1. Bulk items purchased at auction, and not collected from the saleroom by 10 am the day after the sale, will be stored in Basement Level 3 at the Hôtel Drouot.

The bidding slip (bordereau), indicating proof of payment, must be presented when property is collected. Storage costs are due at the current rate.

Storage fees will be applicable as follow :

Administrative fees / lot VAT incl.: 5 €

Storage and insurance fees / lot VAT incl.:

1€ / day, the first 4 working days

1€/ 5€/ 10€/ 20€/day, from the 5th working day, regarding the nature of the lot* Storage fees are capped at 50€ Vat incl. / withdrawal.

A 50% reduction on storage fees is applied for foreign clients and province trader, on substantiating document.

Shipping invoice accepted up to 10 days after the sale

Drouot Magasinage : 6bis, rue Rossini – 75009 Paris.

From Monday to Saturday, 9am-10am and 1pm-6pm.

Tél : +33 (0)1 48 00 20 18 or 56 - mail : magasinage@drouot.com : 9, rue Drouot – 75009 Paris.

From Monday to Friday, 9am-1pm and 2pm-6,5pm.

Lots shall be released upon production of the paid invoice and/ or the lot’s label.

Any lot that has not been collected within a year after its arrival at Drouot storage facility will be considered abandoned, and its property rights will be transferred to Drouot as a guarantee to cover storage fees.

*Are considered:

Very small: jewellery, works on paper without frame, lots with a volume up to 0,10m3 and which weigh under 10kg

Small: paintings smaller than 1,5 x 1,5m, lots with a volume under 0,10m3 and which weigh between 10kg and 20kg,lots with a volume between 0,10m3 and 0,50m3 and which weigh under 20kg

Medium: lots with a volume under 0,50m3 and which weigh between 20kg and 50kg, lots with a volume between 0,50m3 and 2m3 and which weigh under 50kg,paintings larger than 1,5 x 1,5 m

Large: lots with a volume above 2m3, lots which weigh above 50kg, groups of lots

2.No item purchased will be transported to MIRABAUD MERCIER’s offices and no item will be sent by mail by MIRABAUD MERCIER.

If the buyer has no carrier, any request for shipping by mail will have to be made directly, upon presentation of the invoice paid to THE PACKENGERS who will be in charge of the shipping, the wrapping and the following of such shipping.

Payment for the transport must be made directly to the carrier.

THE PACKENGERS will be available room 8, for more information please contact : hello@thepackengers.com - +33 (0) 6 38 22 64 90 - thepackengers.com.

3. Insurance. At the fall of the hammer the title of property shall be transferred to the purchaser, who assumes immediate responsibility for insurance. Uncollected property will be stored at the costs, risks and perils of the purchaser.

MIRABAUD MERCIER declines liability for lots placed in storage. The clauses of these general conditions of purchase are independent from each other. Should a clause whatsoever be found null and void, the others shall remain valid and applicable. These Conditions of purchase are governed by French law exclusively. Any dispute relating to their existence, their validity and their binding effect on any bidder or buyer shall be submitted to the exclusivejurisdiction of the Courts of France. The French language version of the Sales Conditions prevails on the English version.

Δ The lot is in accordance with regulation CE 338-97 of 1996/09/12, section 2-W and prior to 1947/06/01. For any export from EU, the buyer will have to get an export CITES.