31979

LONDON FINE WATCHES

New Bond Street, London | Thursday 11 June 2026 , at 2pm

Bonhams 101 New Bond Street London W1S 1SR bonhams.com

SALE NUMBER

31979

Lots 1 - 60

ILLUSTRATIONS

Front Cover: Lot 39

Inside Front: Lot 38

Divider: Lots 35 & 36

Inside Back: Lot 7

Back Cover: Lot 29

VIEWING

Sunday 7 June, 12-4pm

Monday 8 June, 9am-5pm Tuesday 9 June, 9am-5pm Wednesday 10 June, 9am-5pm Thursday 11 June, 9am-12pm

Please note photo ID is required to attend the viewing.

ENQUIRIES

London

Jonathan Darracott +44 (0) 20 7447 7412 jonathan.darracott@bonhams.com

Penelope Andrews +44 (0) 20 7393 3869 penelope.andrews@bonhams.com

Charles Dower +44 (0) 20 7393 3868 charles.dower@bonhams.com

George Kidwell +44 (0) 20 7447 7413 george.kidwell@bonhams.com

Edith Chong +44 (0) 20 3988 6463 edith.chong@bonhams.com

Joselyn Sizer +44 (0) 20 7468 8365 joselyn.sizer@bonhams.com

Shanshan Ge +44 (0) 20 7468 8346 shanshan.ge@bonhams.com

Edinburgh Sarah Fergusson +44 (0) 20 3988 6349 sarah.fergusson@bonhams.com

We would like to thank Clarissa Bruce and Oliver Williams for the Photography

BIDS

Bid online/APP New to Bonhams?

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You will be required to provide a valid credit card in your name which must be verified before you are able to place bids. If you are placing bids on behalf of a company, please ensure you indicate this when registering. We reserve the right to request further information from you (including your government issued ID) where you are the successful bidder, in particular in relation to any lot where the purchase price is over £5,000. Please note all successful corporate bidders will be required to provide additional information.

Bid by telephone/absentee bid

We require a completed Bidder Registration Form returned by email to bids@bonhams.com The Bidder Registration Form can be found at the back of every catalogue and on our website at www. bonhams.com. If you already have an account with Bonhams, please indicate this on the form. If you are new to Bonhams, please also send us your government issued ID plus proof of address. Corporate entities must provide a copy of their Certificate of Incorporation, a letter confirming authority to act plus ID of the person acting on behalf of the company, and written confirmation of the company’s UBOs owning 25% or more in that company.

Please note we cannot guarantee bids within 24 hours of the sale. Bidding by telephone will only be accepted on a lot with a lower estimate in excess of £1,000.

Bid in person

You can collect a paddle at our Registration Desk by completing our Bidder Registration Form. If you already have an account, please state your client number if known. If new to Bonhams, you will be required to provide your government issued ID and proof of address. Corporate entities will be required to provide the documentation listed above.

For all other enquiries, contact our Client Services department on: +44 (0) 207 447 7447 or bids@bonhams.com

Please see back of catalogue for important notice to bidders

To submit a claim for refund of VAT, HMRC require lots to be exported from the UK within strict deadlines. For lots on which Import VAT has been charged (marked in the catalogue with a * or Ω ) lots must be exported within 30 days of Bonhams’ receipt of payment and within 3 months of the sale date. For all other lots export must take place within 3 months of the sale date.

Please note from 28 June 2025 there may be additional requirements for the import into the EU of certain items of non-EU origin property. If you are an EU buyer of such items, please ensure you are fully informed of the requirements of the relevant EU Regulation.

SALE INFORMATION

BIDS

+44 (0) 20 7447 7447

To bid via the internet please visit www.bonhams.com

PAYMENTS

Buyers

+44 (0) 20 7447 7447

Sellers

Payment of sale proceeds +44 (0) 20 7447 7447

VALUATIONS, TAXATION & HERITAGE

valuations@bonhams.com

All sold lots will remain in the Collections room, at Bonhams New Bond Street, free of charge until 5pm Thursday 25 June 2026. Lots not collected by this time will be returned to the department storage charges may apply.

For information and estimates on domestic and international shipping please contact The Packengers on: +44 (0) 20 3154 4363, or email: hellolondon@thepackengers.com.

IMPORTANT INFORMATION

The following symbol is used to denote that VAT is due on the hammer price and buyer’s premium

† VAT 20% on hammer price and buyer’s premium

* VAT on imported items at a preferential rate of 5% on hammer price and the prevailing rate on buyer’s premium

Y These lots are subject to CITES regulations, please read the information in the back of the catalogue.

Ω VAT on imported items at 20%on hammer price and the prevailing rate on buyer’s premium

R These lots are subject to import restrictions when shipped to the United States. Please see further notice on this page

VAT

VAT Will be applied at the current rate on all above charges

Payment in Advance (Telephone to ascertain amount due) by: credit or debit card

Payment at time of collection by:

Payment at time of collection by: credit or debit card

POST BREXIT NOTICE FOR EU BUYERS SHIPPING PURCHASED LOTS OUTSIDE THE UK

Please note that as of 1 January 2021 for Margin Scheme and Imported Lots VAT on the Buyer’s Premium will be refunded by Bonhams on valid proof of export of your Lot from the UK within 90 days of full payment of your invoice.

What else has changed since 1 January 2021 for EU Buyers? If you buy a Lot in this sale and intend to ship the Lot outside the UK, you will need to pay local Import Tax when you bring your Lot into the country of destination.

What do the Star (*) and Omega ( Ω ) symbols mean ? If you buy in this sale you will pay import VAT of 5% (* symbol) or 20% ( Ω symbol) on the Hammer Price. As of 1 January 2021, for EU buyers shipping purchased Lots outside the UK, this tax will be refunded by Bonhams on valid proof of export of your Lot from the UK within 30 days of full payment of your invoice.

IMPORTANT SHIPPING NOTICES

Bonhams cannot arrange for the delivery of lots containing mother of pearl into the United States due to import restrictions.

Please note that in some circumstances we are unable to ship the watch with its strap due to regulations regarding material derived from endangered or otherwise protected species.

The buyer or designated agent may collect the property in the country of sale.

For shipping/Postal enquiries please contact The Packengers on: +44 (0) 20 3154 4363 hellolondon@thepackengers. com

INTERNATIONAL WATCHES TEAM

SPECIALISTS AND REPRESENTATIVES

LONDON

Jonathan Darracott Global Head, Watches

Penelope Andrews Head of London

Charles Dower Head of sale, Knightsbridge

George Kidwell Senior Cataloguer

Edith Chong Cataloguer

Joselyn Sizer Sale Coordinator

Shanshan Ge Specialist

Sarah Fergusson Senior Specialist

Janet Ma Cataloguer

Jackie Chou Sale Coordinator

Alexandre de Lamberterie Specialist, Paris

Luka Culic Senior Cataloguer

Anna Tchoudnowsky Sale Coordinator

Sharon Chan Director of Watches, Asia

Francisco Herrera Specialist

Brian Chu

Business Administrative Associate

INTERNATIONAL WATCHES TEAM

SPECIALISTS AND REPRESENTATIVES

EUROPE

Giulia Berbotto

Milan

Charlotte Roelofsen

Amsterdam

Girolamo Tiberi

Rome

Eva Lengler

Dusseldorf

Johann Leibbrandt

Madrid

Teresa Ybarra

Barcelona

Kieran O'Boyle

Dublin

Carl Palmegren Specialist

Simon Naeslund Specialist

FINE WATCHES

1

ROLEX. A FINE AND RARE 18K ROSE GOLD DIAMOND SET AUTOMATIC CHRONOGRAPH BRACELET WATCH

Model: Cosmograph Daytona

Reference: 116505

Date: Purchased December 2017

Movement: 44-jewel Cal.4130 automatic, adjusted to 5 positions & temperature, No.5L660171

Dial: Salmon pink, applied diamond set hour markers, black outer 1/5th second divisions, subsidiary dials at 3, 6 and 9 for seconds, 30 minute and 12 hour recording, rose gilt pointed baton hands with black and luminous inserts, centre chronograph hand

Case: Brushed and polished tonneau form, screw down back, shouldered screw down crown flanked by twin screw down chronograph pushers, calibrated bezel, No.87Q814C4

Strap/Bracelet: Brushed and polished Oyster link

Buckle/Clasp: Signed folding clasp, stamped 1JU

Signed: Case, dial & movement

Size: 40mm

Accompaniments: Rolex box, outer card, international guarantee, 2 spare links, brochures, swing tags

£ 25,000 - 35,000

€29,000 - 40,000

US$33,000 - 47,000

The 116500 line included several variations of what can be considered as the modern Daytona, each distinguished by a different set of numerals at the end of the reference. There is the steel and gold 116523, the 116528 in yellow gold and, as with the current lot, the 116505 in Everose pink gold. This reference was launched in 2004 and one of the main differentiating factors was the new graduated bezel.

2 ROLEX. A FINE 18K WHITE GOLD AUTOMATIC CALENDAR BRACELET WATCH

Model: Day-Date

Reference: 118209

Date: Circa 2000

Movement: 31-jewel Cal.3155 automatic, No.38684133

Dial: Sunburst silvered, applied polished baton hour markers, black outer minute track with Roman numeral 5 minute markers, magnified date aperture at 3, day aperture at 12, polished baton hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, No.P879648

Strap/Bracelet: Polished Oyster link

Buckle/Clasp: Signed concealed 18K white gold folding clasp

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Rolex box, outer card, punched undated guarantee, spare link, Rolex notebook, polishing cloth, brochures, swing tags

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

For 70 years now the Day-Date has been an icon of luxury and sophistication for 20th and 21st century watch connoisseurs. A mainstay of Rolex production since 1956, the Day-Date has enjoyed a long history of collaboration and customisation with some modifications being more elaborate than others.

The current lot is a reference 118209 which was launched in 2000 and features the calibre 3155 in a classic 36mm 18K white gold case. The adoption of 18K white gold earned this model a reputation of being a 'stealth wealth' Rolex.

3

ROLEX. A FINE AND RARE 18K ROSE GOLD AUTOMATIC CALENDAR BRACELET WATCH

Model: Day-Date

Reference: 1803

Date: Purchased 9th May 1965

Movement: 26-jewel Cal.1555 automatic, No.DD39934

Dial: Sunburst silvered, applied rose gilt baton hour markers, black outer 1/2 second divisions with luminous dot 5 minute markers, day aperture at 12, magnified date aperture at 3, rose gilt baton hands, centre seconds

Case: Brushed and polished tonneau form, screw down back, fluted bezel, No.1077220

Strap/Bracelet: Brushed and polished President link

Buckle/Clasp: Signed folding clasp, stamped 64 4

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Rolex box, outer card, guarantee, chronometer certificate

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

The reference 1803 was introduced in the late 1950s as the successor to the original Day-Date references 6510 and 6511. The 1803 helped define the look and reputation of the collection for decades to come. It retained the model's signature features of a 36mm Oyster case, fluted bezel, and President bracelet, while introducing an improved movement and continuing the iconic display of both the date and the day of the week written in full on the dial. Produced exclusively in precious metals the 1803 became one of the most popular and enduring Day-Date references, famously worn by presidents, world leaders, and cultural figures.

4

ROLEX. A FINE AND RARE 18K GOLD AUTOMATIC CALENDAR BRACELET WATCH WITH STELLA DIAL

Model: Day-Date

Reference: 1803

Date: Circa 1981

Movement: 27-jewel Cal.3055 automatic, No.0600734

Dial: Red, applied gilt baton hour markers, black outer minute divisions with luminous dot five minute markers, magnified date aperture at 3, day aperture at 12, gilt baton hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, fluted bezel, No.6588364

Strap/Bracelet: Brushed and polished President link

Buckle/Clasp: Signed concealed folding clasp

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Rolex box, outer card, Rolex notebook, brochure

£ 30,000 - 50,000

€34,000 - 57,000

US$40,000 - 67,000

In the 1970s and 80s Rolex experimented with 'stella' dials. This was where finely lacquered dials were fitted to Day-Dates in a diverse range of bright and unusual colours such as the current attractive bold red example. These dials were created in collaboration with the Stella company in Châtelaine and Geneva who supplied Rolex dial makers with the special lacquer and bright pigment used. They were spray-painted in multiple layers, with each coat oven-baked to set the pigment and gradually build the desired depth and tone. Once the finish was achieved, the surface was polished and sealed with a transparent varnish, creating the illusion that the printed text floats above the dial. Stella dials went through a period of not being particularly fashionable leading to many being swapped for more mainstay dials over the years. Recently they have experienced a revival in interest and their subsequent rarity makes them now very desirable for collectors.

5 Y

VACHERON CONSTANTIN. A FINE AND VERY RARE 18K WHITE GOLD MANUAL WIND CALENDAR WRISTWATCH WITH POWER RESERVE

Model: Malte

Reference: 83060/000G-9432, No.50/50

Date: Purchased 21st December 2009

Movement: 22-jewel Cal.1420 manual wind, stamped with the Seal of Geneva, No.5141101

Dial: Grey, applied polished baton hour markers, white outer minute divisions, date indication at 3, power reserve indication at 10, subsidiary seconds at 6, polished pointed baton hands

Case: Brushed and polished round, back secured by 6 screws, quickset button at 4, No.1177409

Strap/Bracelet: Black Vacheron Constantin alligator leather

Buckle/Clasp: Signed 18K white gold buckle

Signed: Case, dial & movement

Size: 37mm

Accompaniments: Vacheron Constantin box, outer card, certificate of origin and guarantee, chronometer certificate, certificate of authenticity, spare blue Vacheron Constantin alligator leather strap, strap removal tool, polishing cloth, brochures, swing tag

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

Founded in 1755, Vacheron Constantin is regarded as the world's oldest watch manufacture in continuous operation. Introduced in 2000, the Malte collection drew inspiration from the watches of the Art Deco era, combining elegant case design with modern complications and a distinctly contemporary character.

This particular reference was produced in a limited series of just 50 pieces, with the present example is numbered 50/50, making it the final watch of the production run. Rarely encountered on the market, it represents an increasingly collectible example of early 21st century Vacheron Constantin watchmaking.

MICHEL JORDI. A RARE AND UNUSUAL LIMITED EDITION 18K WHITE GOLD SWIVELLING DUAL TIME ZONE CHRONOGRAPH WRISTWATCH

Model: Squelette HDV, No.28/28

Date: Circa 2007

Movement: 35-jewel Cal.71 automatic & 21-jewel manual wind

The Michel Jordi "Twins Squelette" is notable for its unusual concept of combining two separate mechanical movements. The upper watch is fitted with the ultra-thin automatic Frédérique Piguet 71, a respected calibre rarely available beyond a small number of makers. The lower watch contains the historic Valjoux 23, a manual-wind chronograph movement introduced in 1916 and discontinued in 1974. In this example, the movement is skeletonised, exposing the finely finished bridges and plates and highlighting traditional Swiss watchmaking craftsmanship. 6 Y

Dial: One black with white baton hour markers and Arabic numeral quarters, white dot outer minute divisions, subsidiary seconds at 5, polished pointed baton hands, the other skeletonised with raised outer minute divisions, subsidiary dials at 3 and 9 for seconds and 30 minute recording, blued steel pointed baton hands, red centre chronograph hand

Case: Brushed and polished round, exhibition backs secured by 5 screws, locking system at 9, lower crown flanked by chronograph pushers

Strap/Bracelet: Black Michel Jordi alligator leather

Buckle/Clasp: Signed 18K white gold folding clasp

Signed: Case, dial & movement

Size: 43mm

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

A. LANGE & SÖHNE. A RARE AND UNUSUAL LIMITED EDITION 18K ROSE GOLD WRISTWATCH WITH JUMPING SECONDS, POWER RESERVE INDICATION, REMONTOIRE D'ÉGALITÉ AND ZERO-RESET MECHANISM

Model: Richard Lange Jumping Seconds, No.091/100

Reference: 252.032

Date: Circa 2017

Movement: 50-jewel Cal.L094.1 manual wind, No.130553

Dial: Silvered regulator dial with offset subsidiary dials for hours, minutes and seconds, black Roman numeral hour markers, power reserve indication above 6, gilt dagger hands

Case: Brushed and polished round, exhibition back secured by 6 screws, No.230967

Strap/Bracelet: Brown A. Lange & Söhne alligator leather

Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 40mm

Accompaniments: A. Lange & Söhne box, undated guarantee, brochure, polishing cloths

£ 25,000 - 35,000

€29,000 - 40,000

US$33,000 - 47,000

The Richard Lange Jumping Seconds combines several of A. Lange & Söhne's most technically sophisticated innovations within a classically inspired regulator layout. The reference 252.032, introduced in 2017 in pink gold and produced in a limited series of 100 pieces, features a deadbeat seconds complication regulated by a constant-force escapement, ensuring exceptional precision and stable torque delivery. The movement further incorporates the manufacture's patented zero-reset mechanism, allowing the seconds hand to instantaneously return to zero when the crown is pulled for precise time-setting.

A. LANGE & SÖHNE. A FINE 18K ROSE GOLD MANUAL WIND WRISTWATCH WITH POWER RESERVE

Model: 1815 Up/Down

Reference: 234.032

Date: Purchased 12th March 2019

Movement: 29-jewel Cal.L051.2 manual wind, adjusted to 5 positions, No.133603

Dial: Silvered, black Arabic numeral hour markers, black outer minute track with 5 minute markers, subsidiary dials at 4 and 8 for seconds and power reserve indication, blued steel dagger hands

Case: Polished round, exhibition back secured by 6 screws, No.238620

Strap/Bracelet: Brown A. Lange & Söhne alligator leather

Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 39mm

Accompaniments: A. Lange & Söhne box, outer card, guarantee, brochure, polishing cloth

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

The German name of this Lange is "AUF and AB" in accordance with the inscription on the power reserve indicator. When the hands point to "AUF", the mainspring of the watch is fully wound. When the hands point to "AB", this warns the wearer that the watch needs to be rewound. The UP and DOWN display has a long tradition at Lange and Söhne, as seen in their pocket watches, marine chronometers and finally in their "Pour le Mérite Tourbillon."

GRAFF. A FINE AND RARE 18K WHITE GOLD DIAMOND SET AUTOMATIC CALENDAR WRISTWATCH

Reference: GXXIX

Date: Circa 2010

Movement: 26-jewel LWO Cal.1918 automatic

Dial: Grey ridged, black Roman numeral quarters within diamond set chapter, date aperture at 6, polished lance hands

Case: Brushed and polished dodecagonal form, exhibition back secured by 6 screws, diamond set bezel and crown, No.0007

Buckle/Clasp: Signed 18K white gold folding clasp

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Graff pouch, outer card

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

Graff timepieces are an extraordinary union of horology together with supreme gem-setting skills that create timeless and sophisticated statement pieces. Only the most exceptional stones, cut and quality are set on these timepieces.

Please note that the strap of this watch is for exhibition purposes only and will not be included with the lot.

10 GRAFF. A FINE LADY'S 18K GOLD DIAMOND SET QUARTZ BRACELET WATCH

Date: Circa 1990

Movement: Jewelled quartz

Dial: Pavé-set brilliant-cut diamonds, black pointed baton hands

Case: Polished round, snap on back, No.01101

Strap/Bracelet: Pavé-set throughout with graduating brilliant-cut diamonds, diamonds approximately 19.35 carats total

Buckle/Clasp: Concealed clasp

Signed: Case Size: 24.5mm

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

Founded in 1960 by Laurence Graff, the Graff company oversees every stage of its business in-house, including design, production, and retail sale. Since it became the first jeweller to receive the Queen's Award for Industry and Export in 1973, Graff has been renowned throughout the world for diamonds of rare historical pedigree.

11

CARTIER. AN 18K ROSE GOLD AUTOMATIC BRACELET WATCH

Model: Ballon Bleu

Reference: 3003

Date: Circa 2011

Movement: 25-jewel Cal.076 automatic

Dial: Silvered with guilloché engraved centre, black Roman numeral hour markers, secret signature at 7, black inner minute divisions, blued steel sword hands, centre seconds

Case: Brushed and polished round, back secured by 8 screws, cabochon set crown set within the case, No.122417QX

Strap/Bracelet: Polished link

Buckle/Clasp: Signed 18K rose gold double folding clasp

Signed: Case, dial & movement

Size: 36mm

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

The Ballon Bleu was introduced in 2007 and has remained a highly popular staple from Cartier ever since. The name derives from the spherical nature of the case, coupled with the blue cabochon-set crown, which is neatly recessed into the case band, creating a smooth, uninterrupted silhouette. With its rounded profile and flowing lines, the design marked a shift towards a softer, more contemporary aesthetic, while retaining Cartier's unmistakable identity.

Over time, it has become one of Cartier's most enduring modern designs, appreciated for its versatility and quiet confidence.

12

PATEK PHILIPPE. A FINE LADY'S 18K ROSE GOLD DIAMOND SET QUARTZ CALENDAR BRACELET WATCH

Model: Nautilus

Reference: 7010/1R-010

Date: Purchased 23rd December 2011

Movement: 8-jewel Cal.E23-250 quartz, No.5633711

Dial: Brown ridged, applied luminous baton hour markers, white minute divisions, date aperture at 3, rose gilt baton hands, centre seconds

Case: Brushed and polished three part case, screw down back, diamond set bezel, No.4757875

Strap/Bracelet: Brushed and polished link

Buckle/Clasp: Signed double folding clasp

Signed: Case, dial & movement

Size: 32mm

Accompaniments: Patek Philippe box, outer card, certificate of origin, 5 spare links, brochures

£ 30,000 - 40,000

€34,000 - 46,000

US$40,000 - 53,000

Introduced as part of the ladies' Nautilus collection, the Ref.7010/1R-010 perfectly encapsulates sporty elegance. Crafted in 18K rose gold, the model features the instantly recognisable porthole-inspired case design first conceived by Gérald Genta, whilst the bezel is highlighted by a row of brilliant-cut diamonds adding a subtle touch of luxury. The brown lacquered dial with wave motif enhances the warm tones of the case and bracelet, creating a highly wearable aesthetic. Retaining all the design cues that have made the Nautilus one of the most iconic wristwatch designs of the modern era, the 7010/1R-010 offers a sophisticated interpretation.

13 AUDEMARS PIGUET. A FINE AND RARE 18K GOLD QUARTZ CALENDAR BRACELET WATCH

Model: Royal Oak

Reference: 56175BA

Date: Circa 1990

Movement: Jewelled quartz

Dial: White tapisserie grid, applied luminous baton hour markers, black outer minute divisions, date aperture at 3, gilt baton hands with luminous inserts

Case: Brushed and polished tonneau form, movement accessed through glass, No.1227, C79381

Strap/Bracelet: Brushed link

Buckle/Clasp: Signed 18K gold folding clasp

Signed: Case, dial & movement Size: 33mm

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

The Royal Oak was first introduced in 1972 and was designed by one of the most famous watch designers, Gerald Genta. Over the years Audemars Piguet have released numerous modifications whilst maintaining the key elements conceived by Genta. This respect to Genta's design has created a long lasting legacy that speaks to collectors and enthusiasts alike. The Royal Oak series is regarded by many as the quintessential sports watch. The iconic design is instantly recognizable with its structured strongbox case with octagonal bezel secured by eight hexagonal screws.

14

AUDEMARS PIGUET. A FINE AND RARE STAINLESS STEEL AND GOLD AUTOMATIC CALENDAR BRACELET WATCH WITH MOON PHASE

Model: Royal Oak

Reference: 25594

Date: Circa 1985

Movement: Jewelled automatic

Dial: Grey tapisserie grid, applied gilt baton hour markers, black outer minute divisions, date indication at 3, day at 9, moon phase at 6, gilt baton hands with luminous inserts

Case: Brushed and polished tonneau form, movement accessed through glass, No.1527

Strap/Bracelet: Brushed stainless steel and gold link

Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Audemars Piguet box, outer card, four spare links, brochure

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

The first Royal Oak Day-Date was launched in 1983 as the reference 25572. It displayed the day of the week and month of the year in two subsidiary dials, offering perfect symmetry on the dial. This model is often nicknamed the Royal Oak 'Owl' due to the placement of the calendar subsidiary dials that look like the eyes of an owl.

Two years later, the reference 25594 was added to the collection. Similar to the 25572, it offered a third complication: the moon phase indication at the bottom of the dial. The reference remained in production until 2002.

15

AUDEMARS PIGUET. A FINE AND RARE SPECIAL EDITION STAINLESS STEEL AUTOMATIC CALENDAR WRISTWATCH

Model: Royal Oak 'Pictet & Cie'

Reference: 15189ST.OO.D083CU.01

Date: Purchased 31st May 2005

Movement: Jewelled automatic Dial: White grid, applied luminous filled baton hour markers, black outer minute divisions with 5 minute markers, date aperture at 3, polished baton hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, back secured by 8 screws featuring Pictet & Cie logo with inscription, movement accessed through glass, 8 screws to bezel, No.F19053

Strap/Bracelet: Brown Audemars Piguet leather Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement Size: 36mm

Accompaniments: Audemars Piguet box, outer card, certificate of origin and guarantee, instructions for use, brochures

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

In 2005, the Swiss private bank Pictet & Cie marked its 20th anniversary with a highly exclusive gesture, commissioning a series of Royal Oak wristwatches from Audemars Piguet to be presented to a select group of employees. These watches were offered not as commercial pieces, but as commemorative gifts, accompanied by the stipulation that they were not to be "sold, given away, or pawned" until at least 1st July 2010.

CHRISTIAAN VAN DER KLAAUW. A RARE AND UNUSUAL 18K ROSE GOLD AUTOMATIC ASTROLOGICAL WRISTWATCH WITH MONTH, ZODIACS AND SOLAR AND LUNAR POSITIONS

Model: Astrolabium 2000

Date: Circa 2005

Movement: Jewelled Cal.2824-2 automatic

Dial: Guilloché engraved silvered, blue Arabic numeral hour markers to brushed surround, overlapping rings representing equinoctial time, local time, the months, signs of the zodiac, the elevation and azimuth of the sun and the moon on the planisphere, the diurnal and nocturnal hours, the moon phases, the aspect of the sun and the moon in relation to each other, blued steel hands with luminous inserts, No.50NB

Case: Polished round, screw down exhibition back, quick set button at 9

Strap/Bracelet: Black Christiaan van der Klaauw alligator leather

Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 40mm

Accompaniments: Christiaan van der Klaauw box, outer card

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

Christiaan van der Klaauw founded his workshop in the Netherlands and built his reputation on highly specialised timepieces focused almost entirely on celestial complications, particularly moon phases, planetarium-style displays, and representations of the solar system. In 2014, the brand became part of the Franck Muller group, but the astronomical focus remained central to production.

ROGER DUBUIS. A RARE AND UNUSUAL LIMITED EDITION 18K WHITE GOLD DIAMOND SET AUTOMATIC WRISTWATCH WITH MOTHER OF PEARL DIAL AND RETROGRADE HOURS, MINUTES AND DATE

Model: Three-Retrograde, No.02/28

Date: Circa 2000

Movement: 25-jewel Cal.5799 automatic, stamped with the Seal of Geneva, No.82

Dial: Mother of pearl with guilloché engraved diamond set centre, black retrograde Arabic numerals for hour, minutes and date, blued steel cathedral style hands

Case: Brushed and polished round, screw down exhibition back, diamond set bezel, quick set button to crown Strap/Bracelet: Black Roger Dubuis alligator leather Buckle/Clasp: Signed 18K white gold diamond set buckle

Signed: Case, dial & movement

Size: 43mm

Accompaniments: Roger Dubuis box, outer card

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

The Roger Dubuis Three Retrograde brings together the brand's flair for dramatic display and mechanical complexity. The model is distinguished by its trio of retrograde indications for day, date, and month, each sweeping in a semi-circular arc before instantly snapping back to zero at the end of its cycle.

The watch is powered by an automatic movement developed and finished to the standards of the Poinçon de Genève, reflecting the brands focus on technical execution.

ROGER DUBUIS. AN 18K ROSE GOLD DIAMOND SET AUTOMATIC WRISTWATCH

Model: Excalibur

Reference: 86160

Date: Purchased 3rd November 2017

Movement: 33-jewel Cal.RD821 automatic, stamped with the Seal of Geneva, No.13677

Dial: Diamond set, applied rose gilt Roman numeral hour markers, subsidiary seconds at 6, rose gilt lance hands

Case: Brushed and polished round, exhibition back secured by 4 screws, diamond set bezel, lugs and sides, No.M427C8

Strap/Bracelet: Brown Roger Dubuis alligator leather

Buckle/Clasp: Signed 18K rose gold diamond set folding clasp

Signed: Case, dial & movement

Size: 37mm

Accompaniments: Roger Dubuis box, outer card, guarantee, 'Poincon de Geneve', swing tag

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

Roger Dubuis started his career with Longines in the late 1950's. After a spell at Patek Philippe he founded his eponymous brand in 1980 along with Carlos Dias, a designer for Franck Muller. After initially focusing on commissions to design new complications for major brands for several years, The Roger Dubuis Manufacture in Geneva was founded in 1995, producing watches that were fully designed and developed in-house.

GLASHÜTTE ORIGINAL. AN 18K WHITE GOLD AUTOMATIC CALENDAR WRISTWATCH WITH DUAL TIME ZONE, POWER RESERVE AND DAY/ NIGHT INDICATION

Model: Senator Cosmopolite

Reference: 1-89-02-01-04-30

Date: Purchased 22nd October 2016

Movement: 63-jewel Cal.89 automatic, 21K gold rotor segment, No.0233

Housed in a substantial yet well-proportioned 44mm white gold case, the Cosmopolite combines design with technical skill. Unlike traditional worldtime watches limited to 24 zones, the present model can track up to 35 including quarter and half hour offsets. 19 Y

Dial: White, black Roman numeral hour markers, black outer minute track, subsidiary dials at 12 and 6 for seconds and dual time zone combined with power reserve, day/night indication at 9, Daylight Saving and Standard time zone indication at 8, date aperture at 4, blued steel spade hands

Case: Brushed and polished round, exhibition back secured by 5 screws, crown at 2 for winding and setting home and local time, crown at 4 for setting local time, crown at 8 for setting time zone indication, quick set button for date at 9, No.0016, 79134

Strap/Bracelet: Blue Glashütte Original alligator leather

Buckle/Clasp: Signed 18K white gold folding clasp

Signed: Case, dial & movement

Size: 44mm

Accompaniments: Glashütte Original box, outer card, Guarantee card, instructions for use

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

Glashütte Original are one of over a dozen brands based in the German town of Glashütte, Saxony and one of the largest in terms of production. The Senator line was first introduced in the early 2000's and is epitomised by clean, balanced dials.

BREITLING. A FINE AND RARE LIMITED EDITION 18K ROSE GOLD AUTOMATIC PERPETUAL CALENDAR CHRONOGRAPH WRISTWATCH WITH MOON PHASE, 24-HOUR, SEASON AND LEAP YEAR INDICATION

Model: Navitimer Quantieme Perpetual, No.25/50

Reference: H29320

Date: Circa 2002

Movement: Jewelled automatic

Dial: Silvered, applied rose gilt baton hour markers, outer 1/5th second divisions, outer tachymetres, subsidiary dials at 3, 6, 9 and 12 for weeks of the year combined with moon phase, 12 hour recording and day combined with 24-hour indication, 30 minute recording and month combined with leap year, date and seconds combined with season, rose gilt pointed baton hands with luminous inserts, centre chronograph hand

Case: Polished round, screw down back, crown flanked by twin chronograph pushers, quickset buttons in the band, No.579268

Strap/Bracelet: Brown Breitling alligator leather

Buckle/Clasp: Signed 18K rose gold folding clasp

Signed: Case, dial & movement

Size: 43mm

£ 18,000 - 22,000

€21,000 - 25,000

US$24,000 - 29,000

Released to mark the 50th anniversary of the iconic Navitimer, the Ref. H29320 is among the most complicated and exclusive watches produced by Breitling in the early 2000s. Made in a limited run of just 50 pieces in 18K rose gold, the model combines the instantly recognisable Navitimer slide-rule bezel with an impressive range of complications including a perpetual calendar, moon phase, 24-hour, season and leap year indication. Despite the complexity, the watch remains highly legible and retains the strong aviation-inspired design that has defined the Navitimer since its introduction. Rarely seen on the market, the H29320 represents an ambitious and luxurious interpretation of one of Breitling's most celebrated watches.

IWC. A FINE STAINLESS STEEL AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH MOON PHASE AND 7 DAY POWER RESERVE

Model: Big Pilot's Watch Perpetual Calendar 'Racing Green'

Reference: IW503608

Date: Purchased 18th July 2023

Movement: 54-jewel Cal.52615 automatic, No.8105040

A bold and contemporary interpretation of IWC's celebrated aviation watch, the current lot combines the technical sophistication of a perpetual calendar with the large proportions of the Big Pilot line. The reference IW503608 is noted for it's striking and easily recognisable green dial configuration. Unlike some brands that use bright emerald or olive tones, IWC went with a darker "racing green" sunburst finish that changes dramatically depending on the light. The perpetual calendar mechanism, originally developed by Kurt Klaus, is designed for ease of use, with all calendar indications synchronised and adjustable via the crown. 21

Dial: Racing green, luminous baton hour markers, white outer minute divisions, subsidiary dials at 3, 6, 9 and 12 for calendar with 7 day power reserve, month, day with seconds and moon phase indication, year indication at 8, polished sword hands with luminous inserts

Case: Brushed and polished round, screw down exhibition back, No.6445064

Strap/Bracelet: Racing green IWC rubber

Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement

Size: 46mm

Accompaniments: IWC box, outer card, warranty card, purchase receipt, encased century slide, polishing cloth

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

22

PIERRE KUNZ. A FINE AND RARE 18K ROSE GOLD MANUAL WIND TOURBILLON WRISTWATCH

Model: Spirit of Challenge

Reference: O 800 T

Date: Circa 2005

Movement: Jewelled manual wind, one-minute tourbillon with square cage

Dial: Black, white Arabic numeral hour markers, silvered outer minute track, aperture at 6 to display tourbillon cage, rose gilt baton hands

Case: Brushed and polished square form, exhibition back secured by 4 screws, coin edged band, No.17

Strap/Bracelet: Associated black leather

Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 41mm

£ 18,000 - 22,000

€21,000 - 25,000

US$24,000 - 29,000

Pierre Kunz began his career in the Swiss watch industry in the 1970s, quickly earning a reputation for imaginative complications and unusual time displays. Having worked with a number of respected manufactures and producing movements for several leading maisons, he launched his own brand in Geneva in 2003. Pierre Kunz watches became known for their bold, contemporary designs and inventive mechanics, helping to establish the brand as one of the more distinctive names in watchmaking.

23 JAEGER-LECOULTRE. A FINE AND RARE 18K GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH ALARM, MOON PHASE AND 24 HOUR INDICATION

Model: Master Grand Réveil

Reference: 180.1.99

Date: Circa 1995

Movement: 34-jewel Cal.919 automatic, No.2112426

Dial: White, applied luminous baton hour markers, blue inner minute divisions and outer alarm markers, subsidiary dials at 12, 3, 6 and 9 for month, day, date and moon phase combined with 24 hour indication, leap year indication by 1, blued steel skeletonised hands with luminous tips, centre seconds, further arrow tipped alarm hand

Case: Brushed and polished round, back secured by 6 screws, crown for alarm at 2, winding and hand setting crown at 4, quick set button at 8, No.1279

Strap/Bracelet: Associated brown leather

Buckle/Clasp: Associated gilt buckle

Signed: Case, dial & movement

Size: 41mm

£ 7,000 - 9,000

€8,000 - 10,000

US$9,400 - 12,000

The Master Grand Réveil, Ref.180.1.99, is a standout example of the brand's complicated watchmaking, combining a perpetual calendar with a mechanical alarm. The model fits neatly into Jaeger-LeCoultre's longstanding expertise in alarm watches, something they have been known for since introducing the Memovox in 1950.

24 CORUM. A FINE AND UNUSUAL 18K WHITE GOLD MANUAL WIND STRAIGHT LINE WRISTWATCH

Model: Golden Bridge

Reference: 05.0003

Date: Circa 2005

Movement: Jewelled Cal.7000 linear manual wind, suspended from engraved 18K white gold 'bridge'

Dial: Skeletonised, black skeletonised hands

Case: Brushed and polished rectangular, back secured by 4 screws, No.2140516

Strap/Bracelet: Associated blue leather

Buckle/Clasp: Associated steel buckle

Signed: Case & movement

Size: 32mm x 41mm

£ 6,000 - 8,000

€6,900 - 9,200

US$8,000 - 11,000

The Corum Golden Bridge was created by Vincent Calabrese and was first seen by the watch making world in 1977 prior to its official release in 1980. Its sapphire sides offer an unrestricted view of the intricately detailed linear movement.

Housed in a sturdy 32mm x 41mm case, the current reference continues the development of the model by offering a more robust watch better suited to day to day wear.

25 Y BREGUET. A FINE AND RARE 18K GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH MOON PHASE AND POWER RESERVE INDICATION

Model: Classique

Reference: 3310

Date: Circa 1990

Movement: 38-jewel Cal.502 automatic, No.4425

Dial: Guilloché engraved silvered, black Roman numeral hour markers to brushed surround, black dot outer minute divisions, power reserve indication at 11, moon phase at 1, month indication to centre, leap year indication at 8, day indication at 4, date indication at 6, blued steel Breguet hands, No.2330

Case: Brushed and polished round, snap on back, coin edged band, quick set buttons in the band at 2, 4 and 9, cabochon set crown, No.2330 C Strap/Bracelet: Associated black crocodile leather Buckle/Clasp: 18K gold buckle

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Breguet service case

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

Introduced in 1986 and produced into the early 2000s, the reference 3310 represents one of the defining perpetual calendar designs to emerge from Breguet's late 20th-century revival. Created under the direction of Daniel Roth, it marked his second exploration of the perpetual calendar for the brand, building on earlier work with the reference 3050 while introducing a more expressive and individual approach to dial layout.

Departing from the conventional symmetry of traditional perpetual calendars, the 3310 presents a more distinctive and engaging composition. While many interesting perpetual calendar designs have come and gone, few manage to capture the intrigue and charm of the 3310's layout. The arrangement of its indications feels both considered and effortless, offering a fresh alternative to the familiar three- or fourregister formats.

What truly sets the reference apart, however, is its guilloché dial with each section subtly varied to create depth and interest without being overwhelming. The result is a watch that is not only mechanically accomplished but also visually captivating, combining complexity with refinement. The 3310 remains a rare and distinctive interpretation of the perpetual calendar, and a particularly appealing example for collectors today.

26

ULYSSE NARDIN. A RARE AND UNUSUAL TITANIUM AND BLACK CERAMIC AUTOMATIC ASTRONOMICAL WRISTWATCH WITH WORLD TIME, TIDAL COEFFICIENTS AND POSITIONS OF THE SUN AND MOON

Model: Blast Moonstruck

Reference: 1063-400

Date: Circa 2022

Movement: 42-jewel Cal.UN106 automatic, 22K gold rotor

Dial: Black, outer chapter bearing the name of 24 world cities, revolving discs for diurnal and nocturnal 24-hour chapter, tidal coefficients and positions of the sun and moon, central globe with outer chapter for date indication, rose gilt pointed baton hands with luminous inserts

Case: Black round, exhibition back secured by 6 screws, quick set buttons at 8 and 10, No.7

Strap/Bracelet: Black Ulysse Nardin rubber

Buckle/Clasp: Signed double folding clasp

Signed: Case, dial & movement

Size: 45mm

£ 22,000 - 28,000

€25,000 - 32,000

US$29,000 - 37,000

Ulysse Nardin were founded in 1846 in Le Locle, Switzerland and became known for manufacturing highly accurate marine chronometers and timepieces, winning numerous awards along the way.

The Moonstruck was first introduced at Baselworld in 2009 and stands out for its unusual dial, which shows the relationship between the sun, moon, and earth. At the centre is a globe paired with a realistic moon display, allowing the wearer to follow the lunar cycle and the moon's position around the earth.

PATEK PHILIPPE. A FINE 18K ROSE GOLD AUTOMATIC CALENDAR WRISTWATCH WITH DUAL TIME INDICATION

Model: Calatrava Pilot Travel Time

Reference: 7234R

Date: Purchased 29th December 2019

Movement: 29-jewel Cal.324 automatic, adjusted to heat, cold, isochronism & 5 positions, No.7284335

Dial: Sunburst brown, luminous filled Arabic numeral hour markers, white outer minute track, subsidiary dial at 6 for date, local/home time apertures at 3 and 9, gilt sword hands with luminous inserts, centre seconds, further pierced white dual time hand

Case: Polished round, screw down exhibition back, winding crown at 3, hand adjustment crowns at 8 and 10, quick set button in the band at 6, No.6359945

Strap/Bracelet: Brown Patek Philippe leather Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 37.5mm

Accompaniments: Patek Philippe service delivery case, outer card, certificate of origin, brochures

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

The Reference 7234 presents as a very wearable medium sized version of the Calatrava Pilot Travel Time with the rose gold example first launched in 2018. The 7234 is the smaller version of the 5524 but still comes in at a healthy 37.5mm diameter. A popular contemporary offering on the classic GMT complication.

PATEK PHILIPPE. A FINE 18K WHITE GOLD AUTOMATIC PERPETUAL CALENDAR WRISTWATCH WITH MOON PHASE, LEAP YEAR INDICATION AND RETROGRADE DATE

Model: Grand Complications

Reference: 5159G

Date: Circa 2015

Movement: 30-jewel Cal.324 automatic, adjusted to heat, cold, isochronism and 6 positions, gold rotor, No.5719470

Dial: Silvered with engraved centre, black Roman numeral hour markers, black outer 1/5th second divisions with blue Arabic numeral five minute markers, inner black Arabic numerals for date indication, apertures at 3 and 9 for month and day indication, leap year indication below 12, moon phase above 6, black spade hands, centre seconds

Case: Polished round, hinged back concealing snap on exhibition back, quick set buttons in the band at 3, 6 and 12, No.4602949

Strap/Bracelet: Brown Patek Philippe alligator leather

Buckle/Clasp: Signed 18K white gold folding clasp

Signed: Case, dial & movement

Size: 38mm

£ 18,000 - 22,000

€21,000 - 25,000

US$24,000 - 29,000

The Reference 5159 was first introduced in 2007 and replaced the 5059 in Patek Philippe's collection. The model features an advanced version of the 5059s perpetual calendar and retrograde date functions as well as increasing the diameter of the case by 2mm to 38mm. With a hinged cover to the back, in a typical 'Officers' style, inquisitive collectors have the opportunity to observe the elegantly finished calibre 324.

PATEK PHILIPPE. A VERY FINE AND RARE MID-SIZE 18K ROSE GOLD

AUTOMATIC MINUTE REPEATING WRISTWATCH

Reference: 7000R-001

Date: Purchased 20th December 2017

Movement: 39-jewel Cal.R27 PS manual wind, gold rotor, two polished hammers striking on two gongs, No.5175800

Dial: Silvered, applied gilt Arabic numeral hour markers, gilt dot outer minute divisions, subsidiary seconds at 6, gilt spade hands

Case: Polished round, snap on exhibition back, repeat slide in the band at 9, No.4550103

Strap/Bracelet: Brown Patek Philippe alligator leather

Buckle/Clasp: Signed 18K rose gold buckle

Signed: Case, dial & movement

Size: 33mm

Accompaniments: Patek Philippe box, outer card, certificate of origin, spare 18K rose gild solid case back, Patek Philippe pouch, swing tag

£ 150,000 - 250,000

€170,000 - 290,000

US$200,000 - 330,000

Patek Philippe are renowned for presenting some of the most sublime horological masterpieces the world has ever seen. One of the most sought after of these masterpieces derives from their unrivalled, powerful lineage of minute repeaters.

The Reference 7000 occupies a distinguished place within this lineage, representing the brands first contemporary mid-size minute repeater. First unveiled in 2011, the reference 7000 marked a significant milestone for Patek Philippe, introducing a purpose-built minute repeater tailored to a smaller case size without compromising acoustic quality or mechanical integrity.

Concealed within the extremely elegant and deceptively simple classic case design is the celebrated calibre R 27 PS – at just a mere 5.05mm high, 28mm across and comprising of 342 parts this calibre features a minute repeater, 22K gold micro-rotor and has a minimum of 43 hour power reserve. The R 27 calibre series was first introduced in the famed Ref:3979 in 1989 and set the path for future iterations such as the current R 27 PS as well as the R 27 Q, R 27 PS QR LU, and R CHR 27 PS QI.

The current lot offers a rare opportunity to own and enjoy one of the most luxurious and sought-after complications ever to leave the Patek Philippe workshops. With each minute repeater being personally assessed by Thierry Stern before leaving the manufacture, the quality of these timepieces is irrefutable. 29 Y

30

PATEK PHILIPPE. A FINE AND RARE 18K DIAMOND SET MANUAL WIND BRACELET WATCH WITH LAPIS LAZULI DIAL

Reference: 3727

Date: Circa 1970

Movement: 18-jewel Cal.16-250 manual wind, adjusted to heat, cold, isochronism and 5 positions, No.1275995

Dial: Lapis Lazuli, gilt lance hands

Case: Brushed and polished rectangular form, snap on back, diamond and lapis lazuli set bezel, lapis lazuli set crown, No.2761880

Strap/Bracelet: Associated 18K gold link

Buckle/Clasp: Associated 18K gold folding clasp

Signed: Case, dial & movement

Size: 30mm x 32mm

£ 10,000 - 15,000

€11,000 - 17,000

US$13,000 - 20,000

Patek Philippe have always been noted for reworking classic designs in unexpected ways, and the Reference 3727 is a great example of that. Taking the traditional rectangular format, it introduces a more expressive, decorative character, most notably through the use of lapis lazuli, which extends beyond the dial onto the bezel to create a continuous sweep of deep blue that is both unusual and immediately eye-catching.

Produced during the 1970s, the reference belongs to a more elusive side of Patek Philippe's output, where jewellery and watchmaking intersect with a confident sense of design. The combination of a hardstone dial and factory-set diamonds reflects their ability to balance richness with restraint, while the natural variation of the lapis ensures that each example remains entirely unique.

Far removed from the brand's more familiar models, the 3727 is today appreciated as one of these "hidden gems" of vintage Patek Philippe, valued for its rarity, individuality, and strong sense of period style.

31

PATEK PHILIPPE. A FINE LADY'S 18K WHITE GOLD DIAMOND SET QUARTZ BRACELET WATCH

Model: Twenty 4

Reference: 4908/310G-011

Date: Purchased 20th October 2006

Movement: 6-jewel Cal.E15 quartz, No.3392903

Dial: Silvered, applied diamond set hour markers, Roman numeral 12 and 6, polished baton hands with luminous inserts

Case: Brushed and polished rectangular, diamond set bezel, back with personal engraving secured by 4 screws, diamond set crown, No.4375400

Strap/Bracelet: Diamond set polished link

Buckle/Clasp: Signed 18K white gold double folding clasp

Signed: Case, dial & movement Size: 22mm x 26mm

Accompaniments: Patek Philippe box, outer card, Certificate of origin, service invoice dated 2012, brochures, swing tag

£ 16,000 - 20,000

€18,000 - 23,000

US$21,000 - 27,000

Introduced in 1999, the Patek Philippe Twenty-4 was designed to be worn for every occasion 24 hours a day. Its softly curved, rectangular case takes inspiration from the earlier Gondolo line, reworked into something more modern and easy to wear.

The collection was initially launched in stainless steel, with a focus on simplicity and versatility. Gold versions followed soon after in 2000, and the white gold models - such as the present example - are set apart by an additional row of diamonds, giving them a little more presence without losing the elegance of the original design.

With its balanced proportions it remains a piece that feels both practical and considered, offering a refined take on everyday wear that still carries a sense of occasion.

ROLEX. A LADY'S FINE AND RARE 18K GOLD DIAMOND SET AUTOMATIC CALENDAR BRACELET WATCH

Model: Datejust Pearlmaster

Reference: 81338

Date: Circa 2006

Movement: 31-jewel Cal.2235 automatic, adjusted to 5 positions and temperature, No.1791077

Dial: Diamond set, black Roman numeral hour markers, magnified date aperture at 3, gilt baton hands with black inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, diamond set bezel, No.D804945

Strap/Bracelet: Polished diamond set Pearlmaster link

Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement Size: 34mm

Accompaniments: Rolex box

£ 20,000 - 30,000

€23,000 - 34,000

US$27,000 - 40,000

The Pearlmaster was in production for 30 years from 1992 up to 2022. Presented initially as a premium version of the Datejust, each Pearlmaster was offered exclusively in a precious metal and featured precious stones as a common adornment. With a female audience in mind the early offerings were sized at 29mm and 34mm before increasing to 34mm and 39mm respectively. The main distinguishing element of the Pearlmaster was the exclusive and recognisable bracelet which featured rounded mirror-finish links.

CARTIER. A FINE AND EXTREMELY RARE SQUARE 18K GOLD MANUAL WIND BRACELET WATCH FROM THE LONDON WORKSHOPS

Date: London Hallmark for 1972

Movement: 17-jewel Cal.845 manual wind, No.2019748

Dial: White, black Roman numeral hour markers, black outer minute track, blued steel pointed baton hands

Case: Brushed and polished square form, back secured by 4 screws, cabochon set crown

Strap/Bracelet: Very fine Milanese integrated woven link

Buckle/Clasp: Signed 18k gold folding clasp, stamped 1193, London Hallmark for 1972

Signed: Dial signed Cartier, movement signed LeCoultre, case stamped JC for Jacques Cartier

Size: 26mm

Accompaniments: Cartier box, Cartier service explanations dated 2024 and 2012

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

The current lot is only the second recorded of this unusual square design making it one of the rarest of the London workshop designs.

Coming from the London workshops in 1972 while it was under the direction of Jacques Cartier, it bears all the usual attributes associated with the handmade London cases of the time, putting it into that special category like the Maxi Oval and the original Crash.

34 Y

CARTIER. A FINE AND RARE LIMITED EDITION 18K GOLD MANUAL WIND WRISTWATCH MADE AS PART OF THE PARIS 1991 EDITION

Model: Baignoire Allongée, No.314/400

Date: Circa 1991

Movement: 17-jewel Cal.78-1 manual wind

Dial: Guilloché engraved silvered, black Roman numeral hour markers, secret signature at 7, blued steel sword hands

Case: Elongated curved oval, snap on back, cabochon set crown, No.31491, A109023

Strap/Bracelet: Black Cartier alligator leather

Buckle/Clasp: Signed 18K gold folding clasp

Signed: Case, dial & movement

Size: 23mm x 52mm

Accompaniments: Cartier box, blank international guarantee

£ 30,000 - 50,000

€34,000 - 57,000

US$40,000 - 67,000

The Baignoire Allongée represents a more elongated interpretation of one of Cartier's most recognisable case forms. While the original Baignoire of 1912 was defined by its restrained oval proportions, the Allongée reworks this by extending the case into a longer, more pronounced silhouette, reflecting Cartier's continued interest in proportion and form. The result is a design that remains faithful to the elegance of the original while introducing a more distinctive presence on the wrist.

This example, produced by Cartier Paris in 1991 as part of the Collection Privée, belongs to a limited series associated with the maison's workshops, a detail that continues to hold particular appeal among collectors. Originally appearing as the Maxi Oval, a design from the Cartier London workshops in the swinging and irreverent 60's. The bold design became a statement of Cartier's fearlessness with wearable avantgarde designs. Only 400 pieces of the 1991 edition were made, with the present watch individually numbered 314 to the case back and further distinguished by its Paris signature on the dial. These editions are rarely encountered and are prized for their discreet exclusivity and close link to Cartier's historic centre of design and craftsmanship.

35 Y CARTIER. A FINE AND RARE 18K GOLD MANUAL WIND WRISTWATCH

Model: Bamboo Coussin

Date: London Import mark for 1974

Movement: 17-jewel manual wind

Dial: White, black Roman numeral hour markers, black inner minute track with 5 minute markers, black sword hands

Case: Brushed and polished rectangular form, back secured by four screws, bamboo stylized bezel, cabochon set crown, No.781020127

Strap/Bracelet: Black Cartier alligator leather

Buckle/Clasp: Signed 18K gold folding clasp, stamped JC

Signed: Case, dial & movement

Size: 26mm x 36mm

Accompaniments: Cartier pouch, Cartier insurance valuation dated 2001

£ 60,000 - 80,000

€69,000 - 92,000

US$80,000 - 110,000

Fresh off the back of models such as the Crash and Maxi Oval - now considered some of the most iconic watches designed by Cartier - came the Cartier Coussin in the 1970s. Very much a product of its era, it embodied the positive 'back to nature' design movement of the decade through its natural form inspiration. The case has a very distinctive shape with a sectional bezel that gives the appearance of bamboo canes. The exotic vibes of the bamboo striations are also reminiscent of the Cartier Tank Chinoise as another play on infusing an elegant Far-East aesthetic with that of Parisian sophistication.

As interest in vintage Cartier continues to rise the 'Bamboo' Coussin joins the narrative of how Cartier have continuously evolved and adapted to the tastes and demands of their clientele.

36 Y CARTIER. A FINE AND RARE MID-SIZE 18K GOLD MANUAL WIND WRISTWATCH

Model: Bamboo Coussin

Date: London Import mark for 1974

Movement: 17-jewel manual wind

Dial: White, black Roman numeral hour markers, black inner minute track with 5 minute markers, black sword hands

Case: Brushed and polished rectangular form, back secured by four screws, bamboo stylized bezel, cabochon set crown, No.781100144

Strap/Bracelet: Black Cartier alligator leather

Buckle/Clasp: Signed 18K gold folding clasp, stamped JC

Signed: Case, dial & movement

Size: 19mm x 26mm

Accompaniments: Cartier insurance valuation dated 2001

£ 30,000 - 50,000

€34,000 - 57,000

US$40,000 - 67,000

The Bamboo Coussin is a distinctive creation from Cartier's most imaginative period of the late 1960s and 1970s, when they embraced more fluid, organic forms in place of traditional case design. Inspired by the natural structure of bamboo, the case and bracelet are composed of softly curved, articulated gold segments, creating a sculptural presence that sits effortlessly on the wrist.

The present example is the smaller version, and it is this more delicate scale that gives the design its particular charm. More refined and intimate in its proportions, it softens the boldness of the Bamboo motif into something quietly elegant and highly wearable, while still retaining the distinctive character of the model. Such smaller examples are notably rare, and are far less frequently encountered than their larger counterparts.

Bearing London import marks for 1974, the watch can be placed firmly within this richly creative era of Cartier's production, when designs such as the Bamboo, Crash and Pebble redefined the boundaries of watchmaking. Today, the Bamboo Coussin remains sought after for its originality and sculptural form, with the smaller version offering an especially graceful and understated interpretation.

37 Y CARTIER. A MID-SIZE RECENTLY SERVICED FINE AND RARE 18K GOLD DIAMOND SET MANUAL WIND WRISTWATCH

Model: Cristallor

Date: Circa 1990

Movement: 17-jewel Cal.78-1 manual wind

Dial: White, black Roman numeral hour markers, secret signature at 7, black inner minute track, blued steel sword hands

Case: Brushed and polished rectangular with canted corners, back secured by 4 screws, diamond set bezel, cabochon set crown, No.780950940

Strap/Bracelet: Blue alligator leather

Buckle/Clasp: Signed 18K gold folding clasp

Signed: Case, dial & movement

Size: 23mm x 30mm

Accompaniments: Service receipt dated 16th December 2025

£ 15,000 - 20,000

€17,000 - 23,000

US$20,000 - 27,000

The Cristallor was first introduced in the early 1970s as one of several Tank variations released by Cartier within a broader shaped collection, which also featured designs such as the Ellipse, Bamboo, Ceinture, Gondole, and the Stepped Tank.

The current lot features a smaller 23mm x 30mm case with a three step, diamond set bezel.

38 Y AUDEMARS PIGUET. A VERY FINE AND RARE PLATINUM MANUAL WIND MINUTE REPEATING JUMP HOUR WRISTWATCH

Reference: 25723, No.53

Date: Circa 1994

Movement: 34-jewel Cal.2865 manual wind, adjusted to heat, cold, isochronism and 5 positions, two polished hammers striking on two gongs, No.398989

Dial: Black, jump hour aperture at 12, applied polished Arabic numeral 5 minute markers, white outer minute track, subsidiary seconds at 6, polished cathedral style hand

Case: Brushed and polished rectangular form, back secured by 4 screws, repeat slide at 9, No.D22233

Strap/Bracelet: Black Audemars Piguet alligator leather

Buckle/Clasp: Signed platinum buckle

Signed: Case, dial & movement Size: 29mm x 31mm

£ 40,000 - 60,000

€46,000 - 69,000

US$53,000 - 80,000

The Reference 25723 is the result of an ambitious four-year effort to create a minute repeater small enough to suit a more compact, elegant case. Developed by Audemars Piguet in collaboration with Renaud & Papi, the calibre 2865 draws direct inspiration from the brand's early 1920s minute repeaters and jump hour displays in rectangular cases. Introduced in 1992, the reference feels like a revival of that era, blending historical ideas with more modern execution. Produced for only around five years, it's believed that just 257 examples were made across all variants, reinforcing its rarity today.

39 Y

F.P JOURNE. A FINE AND RARE PLATINUM AUTOMATIC CALENDAR WRISTWATCH

Model: Octa Calendrier

Date: Circa 2010

Movement: 18K gold Cal.1300.3 automatic, adjusted to 5 positions, 22K rotor

Dial: Eccentric engine turned white dial with Arabic numerals and outer minute track set within grey surround, subsidiary dial for seconds at 6, apertures for day and month, retrograde sector for date, blued steel F.P Journe hands

Case: Polished round, exhibition back secured by 6 screws, No.517-Q

Strap/Bracelet: Black F.P Journe alligator leather

Buckle/Clasp: Signed platinum buckle

Signed: Case, dial & movement

Size: 40mm

£ 100,000 - 150,000

€110,000 - 170,000

US$130,000 - 200,000

Lauded for producing uniquely complicated and sophisticated timepieces which push the boundaries of expert horological craftsmanship, F.P. Journe is an exclusive watchmaker that produces less than a thousand timepieces annually. With exacting attention to detail, F.P. Journe's belief is that beauty begins from outside rather than from within – he commences his creative process by designing the dial and then arranging the internal mechanism accordingly.

The present lot is an Octa Calendrier. The asymmetrical dial places the calendar elements of the watch to the left and the time on the right, allowing the wearer to subtly check the time when the watch is under a shirt cuff.

40

PATEK PHILIPPE. A FINE AND RARE 18K ROSE GOLD DIAMOND SET

AUTOMATIC CALENDAR BRACELET WATCH

Model: Nautilus

Reference: 7118/1200R-001

Date: Circa 2020

Movement: 29-jewel Cal.324 automatic, gold rotor, No.7435537

Dial: Silvered ridged, applied luminous baton hour markers, gilt dot outer minute divisions, date aperture at 6, gilt baton hands with luminous inserts, centre seconds

Case: Brushed and polished three part case, exhibition back, No.6485258

Strap/Bracelet: Brushed and polished link

Buckle/Clasp: Signed double folding clasp

Signed: Case, dial & movement

Size: 35mm

Accompaniments: Patek Philippe box, outer card

£ 70,000 - 90,000

€80,000 - 100,000

US$94,000 - 120,000

With a distinct wave to the traditional linear dial, the ref:7118 first joined the famous Nautilus line at BaselWorld in 2015 and was available in steel and rose gold. The current example features the 18K rose gold case and has 56 diamonds to the bezel. Still incorporating the design features that make a Nautilus so instantly recognisable and iconic, the 7118 adds a feminine flair to Gentas creation whilst also presenting a very wearable watch.

41

PATEK PHILIPPE. A LADY'S STAINLESS STEEL AND GOLD QUARTZ CALENDAR BRACELET WATCH WITH SIGMA DIAL

Model: Nautilus

Reference: 4700/1JA

Date: Circa 1980

Movement: 7-jewel Cal.E19C quartz, No.1524250

Dial: Ridged white, applied gold baton hour markers, black outer minute divisions with luminous dot 5 minute markers, black date aperture at 3, gold pointed baton hands with luminous inserts

Case: Brushed and polished cushion form, movement accessed through glass, No.557901

Strap/Bracelet: Integrated steel and gold link

Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement Size: 27mm

Accompaniments: Patek Philippe service pouches, service paperwork dated 28.01.2026, 2 spare links

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

The Nautilus, originally designed by Gerald Genta in 1976, is thought to owe its unique shape and construction to the transatlantic liners' porthole designs; inspired by the secure windows at sea that were sealed hermetically by a clever system of tension bolts against the glass.

The case design echoes this principle through the two extensions at the sides of the case which are secured by lateral screws, keeping the rubber seal compressed between the bezel and case body.

42 Y

PATEK PHILIPPE. AN 18K WHITE GOLD DIAMOND SET MANUAL WIND WRISTWATCH

Model: Gondolo

Reference: 5112G-001

Date: Purchased 23nd November 2006

Movement: 18-jewel Cal.215 manual wind, stamped with the Seal of Geneva, No.1893192

Dial: Black, white baton hour markers with diamond set quarters, white outer minute track, subsidiary seconds at 6, polished leaf hands

Case: Brushed and polished rectangular form, back secured by 4 screws, diamond set bezel and lugs, No.4377544

Strap/Bracelet: Blue Patek Philippe alligator leather

Buckle/Clasp: Signed 18K white gold buckle

Signed: Case, dial & movement

Size: 30mm x 34mm

Accompaniments: Patek Philippe box, outer card, suede service pouch, Certificate of Origin, Instructions for Use, brochures

£ 7,000 - 9,000

€8,000 - 10,000

US$9,400 - 12,000

In 1872, Patek Philippe sold its first pocket watch to Gondolo & Labouriau, a jeweller based in Rio de Janeiro. This sale established a strong relationship that would last until 1927.

Following pocket watches, Patek Philippe also began creating wristwatches for Gondolo & Labouriau in around 1910. Many of these watches featured non-round watch cases, such as square, rectangular tonneau or cushion shaped. As a result, Patek Philippe launched a new collection they named the Gondolo to house their non-round watches.

PATEK PHILIPPE. A FINE STAINLESS STEEL AUTOMATIC CALENDAR WRISTWATCH WITH DUAL TIME ZONE AND DAY/NIGHT INDICATION

Model: Aquanaut Travel Time

Reference: 5164A

Date: Circa 2018

Movement: 29-jewel Cal.324 automatic, adjusted to heat, cold, isochronism & 6 positions, gold rotor, No.5778814

Dial: Black grid, applied luminous filled Arabic numeral hour markers, white outer minute divisions with luminous 5 minute markers, subsidiary dial at 6 for date, day/night indication apertures at 3 and 9, polished pointed baton hands with luminous inserts, centre seconds, skeleton dual time zone hand

Case: Brushed and polished cushion form, screw down exhibition back, shouldered crown, quickset buttons at 8 and 10, quick set button in the band at 4, No.4667695

Strap/Bracelet: Black Patek Philippe rubber

Buckle/Clasp: Signed double folding clasp

Signed: Case, dial & movement

Size: 41mm

Accompaniments: Patek Philippe service delivery case

£ 35,000 - 45,000

€40,000 - 52,000

US$47,000 - 60,000

The reference 5164 was launched in 2011 and marked the first time Patek Philippe had added a complication to the Aquanaut line. The travel time functionality was originally created by Louis Cottier and had been used in several Patek Philippe watches previously. The current model features day/night apertures on the dial, quick set buttons to advance the local time backwards or forwards when arriving in a new time zone and a skeletonised hand for home time.

44

ROLEX. A FINE 18K ROSE GOLD AUTOMATIC CHRONOGRAPH BRACELET WATCH

Model: Cosmograph Daytona

Reference: 116505

Date: Circa 2010

Movement: 44-jewel Cal.4130 automatic, adjusted to 5 positions & temperature, No.C0513085

Dial: Sunburst salmon pink, black bullet form hour markers with luminous inserts, black outer 1/5th second divisions, black subsidiary dials at 3, 6 and 9 for seconds, 30 minute and 12 hour recording, gilt baton hands with black accents and luminous inserts, centre chronograph hand

Case: Brushed and polished tonneau form, screw down back with personal engraving, rose gold bezel with tachymetre, shouldered screw down crown flanked by twin screw down chronograph pushers, No.0X3X3882

Strap/Bracelet: Brushed and polished Oyster link

Buckle/Clasp: Signed 18K rose gold folding clasp, stamped LT7

Signed: Case, dial & movement

Size: 40mm

£ 20,000 - 30,000

€23,000 - 34,000

US$27,000 - 40,000

The 116500 line included several variations of what can be considered as the modern Daytona, each distinguished by a different set of numerals at the end of the reference. There is the steel and gold 116523, the 116528 in yellow gold and, as with the current lot, the 116505 in Everose pink gold. This reference was launched in 2004 and one of the main differentiating factors was the new graduated bezel.

As with the present example, the use of Everose gold gives the watch a richer, slightly softer tone than traditional yellow gold, while retaining the unmistakable presence of a solid gold Daytona. By the early 2000s, the model had firmly established itself not only as a functional chronograph but as one of Rolex's most recognisable and sought-after designs.

45 ROLEX. A FINE AND RARE 18K GOLD SAPPHIRE SET QUARTZ CALENDAR BRACELET WATCH

Model: Oysterquartz Day-Date

Reference: 19158/19018

Date: Circa 1981

Movement: 11-jewel Cal.5055 quartz, No.0068615

Dial: Brushed champagne, applied sapphire set hour markers, black outer minute track with Roman numeral 5 minute markers, day aperture at 12, magnified date aperture at 3, gilt baton hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, sapphire set bezel, No.6749861

Strap/Bracelet: Polished link

Buckle/Clasp: Signed concealed 18K gold folding clasp

Signed: Case, dial & movement

Size: 36mm

Accompaniments: Rolex service case, outer card, service receipt dated 8th November 2024, Rolex service card for 2024 service, International Service Guarantee card dated 19th July 2010

£ 60,000 - 80,000

€69,000 - 92,000

US$80,000 - 110,000

The Rolex Oysterquartz was launched in the late 1970's, with the goal of incorporating an in-house quartz movement into their internationally recognized case designs of the Datejust and Day-Date models. Not satisfied with the Beta 21 quartz movement, Rolex developed the caliber 5035/5055 movements to have superior accuracy and to negate the effects of temperature change.

Defined by its sharply angular case and integrated bracelet, the Oysterquartz reflects the bold design language of its era. The present example is particularly striking, featuring a bezel set with blue sapphires alongside matching sapphire hour markers, adding a vibrant contrast to the richness of the 18K yellow gold case.

Gem-set Oysterquartz Day-Date models such as this were produced in relatively small numbers and are rarely encountered. Combining Rolex's technical innovation with an expressive and luxurious aesthetic, the present watch stands as a compelling and highly collectible variation of this distinctive line.

ISSUED WATCHES FROM THE DIVER

CHRISTOPHER JEFFERS

LOTS

46 – 47

Christopher Jeffers is a retired Hyperbaric Welder. Hyberbaric welding is welding at great pressures, this can be ‘wet’ and on the seabed, or ‘dry’ and done inside a chamber on the seabed. Born in 1952, and originally from Yorkshire, Jeffers attended the inaugural Government Air Diving course at the Underwater Training Centre at Loch Linnhe, at age 22. The facility at Fort William was founded in order to allow the British Government to support the growing oil and gas industry in Scotland. This new course was established by Lieutenant-Commander Peter Cobby BEM (British Empire Medal) of the Royal Navy.

On graduating, Jeffers joined Sub Ocean Services as a hyperbaric welder. He soon progressed to work in mixed-gas and saturation diving with Wharton and Williams, a company that became famous in for recovering £50 million in gold from the sunken HMS Edinburgh. In March 1980 after completing welding work with Shell, Jeffers met Henri-Germain Delauze, the founder of Comex (Compagnie Maritime d'Expertises) and he started work with the French firm soon after.

While some French counterparts received a Renault car as a signing bonus, Jeffers instead received Comex Rolex Submariner. A year after this, he had the opportunity to purchase a Comex Rolex Sea-Dweller reference 1665, for which he paid Comex 1,400 French francs. The opportunity was in recognition of his professional performance in his first year with the company. Jeffers wore the Sea-Dweller regularly, alternating it with the Submariner for his professional dives.

Later in his career, Jeffers worked internationally on a number of offshore rig and pipeline installations. He also worked on recovery operations following the Piper Alpha disaster and on the installation of SSIV valves to isolate pipelines and improve offshore safety standards. Moving away from diving in the later stages of his career, he worked in the offshore environment with company Subsea 7 for eight years, using his welding expertise on diver-less vessels.

Jeffers' wife Joan, and their two boys Chrisopher and Matthew, stayed in the family home in Ullapool, Scotland from 1988, while Jeffers' work took him around the world, although the family remained close with Joan and the boys coming out to visit at the end of each project. Both sons also chose to pursue careers in the oil industry with Christopher having worked for Comex, Stenna and now Technip. This current role as a Life Support Supervisor involves ensuring the correct composition of helium and oxygen for divers and overseeing their safe decompression for exit from their diving chambers. Matthew works for Subsea 7, residing on the vessel 'Arctic.' His role as Construction Foreman sees him covering the laying of pipes and cables on the seabed using Remotely Operated Vehicles – these unmanned vehicles are used for work taking place in waters too deep for human survival.

Reflecting on his career Jeffers said:

"Not everything went to plan in the early years, when the commercial diving industry was still in its infancy; we were developing both the job and the technology as we worked. I have been on board vessels that caught fire, experienced oxygen fires inside subsea welding habitats, and sadly witnessed injuries to fellow divers.

Having worked around the world, I have also witnessed extraordinary sights beneath the sea —from remarkable feats of subsea engineering to walking the seabed surrounded by sharks and marine life. Fortunately, I lived to tell the tales. I have now decided the time is right to sell these pieces to support my children and grandchildren's futures. I hope they pass to someone who appreciates them as much as I have and who understands the legacy these early Rolex professional models represent in the history of diving watches."

ROLEX. A FINE AND RARE STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH OFFERED ON BEHALF OF A FORMER COMEX DIVER

Model: COMEX Sea-Dweller

Reference: 1665

Date: Circa 1981

Movement: 26-jewel Cal.1570 automatic, adjusted to 5 positions & temperature, No.D511284

Dial: Black, luminous dot hour markers, baton quarters, printed Comex 2000ft=600m Superlative Chronometer Officially Certified , date aperture at 3, polished Mercedes hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back engraved 2296, helium escape valve at 9, shouldered screw down crown, bidirectional rotating bezel with black calibrated insert, No.6751710 to inner case and between the lugs

Strap/Bracelet: Brushed 93150 Oyster link

Buckle/Clasp: Signed folding clasp

Signed: 40mm

Accompaniments: Blank punched guarantee, two diver's log books, 93150 Oyster bracelet, COMEX emergency respiratory unit, North Sea Alert! magazine, photocopies of documents relating to original owner, watch strap calendar for 1985

£ 30,000 - 40,000

€34,000 - 46,000

US$40,000 - 53,000

Rolex worked with COMEX (Compagnie Maritimes d'Expertise) between 1970 and 1991 to develop watches for professional divers. Initially, improvements were made to the existing Submariner model, including most importantly the addition of the helium escape valve. In 1977, the Sea-Dweller reference 1665 was released. This features the helium escape valve, increased depth rating, date window and a thicker case to withstand pressure at greater depths. The 1665 was initially only available to COMEX divers, in a run of only 300 numbered from 2000 to 2300 to the casebacks.

This example is numbered 2296 and is being sold on behalf of Christopher Jeffers who purchased the watch from COMEX while working for them. Now retired, Jeffers' career began in 1975 and saw him work internationally as a hyperbaric welder. As well as Comex, he also worked for Sub Ocean Services and Wharton & Williams, in locations all over the world. Following on from their father, both of Jeffers' children now work in the industry. The oldest, Christopher has worked for Comex, Stenna and now Technip. His current role is as a Life Support Supervisor involves him overseeing the composition of helium and oxygen for divers and their decompression. Second child Matthew works for Subsea 7, in the role of Construction Foreman which sees him covering the laying of pipes and cables on the seabed using Remotely Operated Vehicles.

The watch is offered with two diver's log books, COMEX emergency respiratory unit, North Sea Alert! magazine and photocopies of documents relating to original owner

ROLEX. A VERY FINE AND RARE STAINLESS STEEL AUTOMATIC CALENDAR BRACELET OFFERED ON BEHALF OF A FORMER COMEX DIVER

Model: COMEX Submariner

Reference: 5514

Date: Circa 1978

Movement: 26-jewel Cal.1520 automatic

Dial: Black, luminous dot hour markers, baton quarters, white outer minute divisions, printed COMEX 660ft=200m polished Mercedes hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back engraved ROLEX COMEX 904 (big number), helium escape valve at 9, shouldered screw down crown, bi-directional bezel with black calibrated insert, No.5228412

Strap/Bracelet: Brushed 93150 Oyster link

Buckle/Clasp: Signed folding clasp, stamped DT2

Signed: Case, dial & movement

Size: 40mm

Accompaniments: Two diver's log books, spare 93150 Oyster bracelet (AF), photocopies of service guarantees dated 1991, orange COMEX holdall bag, COMEX emergency respiratory unit, COMEX brochures, newspaper cuttings and photograph relating to original owner

£ 60,000 - 80,000

€69,000 - 92,000

US$80,000 - 110,000

Submariner COMEX models, ref.5513 and 5514, were specially developed by Rolex for Compagnie Maritime d'Expertise (COMEX), a professional diving operation for the oil industry. The 5514 model is one of the rarest of all Submariner models, sold exclusively to COMEX and never available to the public. The gas escape valve was designed to release pressure from the case during the diver's decompression periods avoiding damaging the watch.

This watch was is being sold on behalf of the original owner Christopher Jeffers on signing a contract to work with Comex in Marseille in 1980. Now retired, Jeffers' career began in 1975 and saw him work internationally as a hyperbaric welder. 47

LOT 46 ACCOMPANIMENTS

Blank punched guarantee, two diver's log books, 93150 Oyster bracelet, COMEX emergency respiratory unit, North Sea Alert! magazine, photocopies of documents relating to original owner, watch strap calendar for 1985

LOT 47 ACCOMPANIMENTS

Two diver's log books, spare 93150 Oyster bracelet (AF), photocopies of service guarantees dated 1991, orange COMEX holdall bag, COMEX emergency respiratory unit, COMEX brochures, newspaper cuttings and photograph relating to original owner

48 ROLEX. A RARE MILITARY STAINLESS STEEL AUTOMATIC WRISTWATCH

ISSUED TO THE ROYAL NAVY

Model: Military Submariner

Reference: 5513

Date: Circa 1975

Movement: 26-jewel Cal.1520 automatic

Dial: Black, Tritium T, luminous dot hour markers, baton quarters, white outer minute divisions, broad polished sword hands with luminous inserts, arrow tipped centre seconds

Case: Brushed and polished tonneau form, screw down back, inside back date coded I.72 and engraved 3927195, outside back engraved 0552/9237697 377/75, black calibrated bezel insert, fixed bar lugs, No.3927195 between the lugs

Strap/Bracelet: Grey fabric

Buckle/Clasp: Associated plated buckle

Signed: Case, dial & movement

Size: 39mm

£ 50,000 - 70,000

€57,000 - 80,000

US$67,000 - 94,000

In 1972, the Rolex Submariner succeeded the Omega Seamaster as the preferred timepiece for the UK military. Made under specifications set by the Ministry of Defence, these military-issued Rolex Submariners, commonly known among collectors as "MilSubs" were supplied directly to the MoD by Rolex and issued to divers serving in the UK Special Forces.

Unlike standard Submariners available to the public, the military versions were specially adapted to satisfy the operational demands of the MoD's elite units. The spring bars were replaced by solid bars and friction welded into place negating the possibility of the spring bar being pulled out. As such all Military Submariners have fabric straps as the more normal straps or bracelets cannot be fitted to the solid lugs. The hands were replaced with the aptly named Sword hands to enhance legibility with Tritium luminosity signified by the T in a circle on the dial.

Between 1972 and 1979, Rolex delivered around 1,200 of these modified military-specification Submariners to the Royal Navy and British Army. The case backs are engraved on the interior with the serial number and also on the outside case back with the Ministry of Defence issue number. The military numbers on the back of this particular watch refer to it being issued in 1975.

Because they were used extensively in harsh operational conditions, relatively few MilSubs remain today in their original specification. Their scarcity, together with their remarkable military history and provenance, has made them highly desirable among vintage and military watch collectors.

49

ROLEX. A RARE STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH

Model: Double Red Sea-Dweller

Reference: 1665

Date: Circa 1968

Movement: 26-jewel Cal.1570 automatic, adjusted to 5 positions & temperature, No.D657933

Dial: Black, red Sea-Dweller Submariner 2000 , luminous dot hour markers, white outer minute divisions, date aperture at 3, polished Mercedes hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, inside back stamped 661 and date coded IV.68, helium escape valve at 9, bidirectional rotating bezel with black calibrated insert, No.1721661

Strap/Bracelet: Brushed 9315 Oyster link Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement Size: 40mm

£ 20,000 - 30,000

€23,000 - 34,000

US$27,000 - 40,000

The 'Double-Red' Sea-Dweller appeared in the Rolex catalogue from approximately 1967 until 1978. The nickname refers to the two red printed lines on the dial. The 'Sea-Dweller 2000' was one of the first production watches to employ a gas-escape valve on the band of the case, which allows the interior of a watch to decompress and avoids damage. The one way valve automatically releases built up gas from inside the case when the diver rises from the deep sea environment without which the watch would be in danger of popping the seals. Interestingly, the plexi glass covering the dial did not feature the usual cyclops magnifying the date window as it adds a pressure point which would cause a weakness.

50 ROLEX. A RARE STAINLESS STEEL MANUAL WIND BRACELET WATCH

Model: Anti-Magnetic Oyster Chronograph 'Pre-Daytona'

Reference: 6234

Date: Circa 1960

Movement: 17-jewel Valjoux Cal.72 manual wind, column wheel chronograph

Dial: Silvered, applied polished dart hour markers, black outer 1/5th second divisions with luminous dot 5 minute markers, blue outer telemeter scale, black outer base scale, subsidiary dials at 3, 6 and 9 for seconds, 30 minute and 12 hour recording, polished dagger hands with luminous inserts, red tipped centre chronograph hand

Case: Brushed and polished tonneau form, screw down back, crown flanked by twin chronograph pushers, personal engraving to back, No.530239

Strap/Bracelet: Brushed 78350 Oyster link

Buckle/Clasp: Signed folding clasp, stamped S1

Signed: Case, dial & movement

Size: 36mm

£ 25,000 - 35,000

€29,000 - 40,000

US$33,000 - 47,000

Offered between 1955 and 1960, the reference 6234 was one of the forerunners of the Daytona collection and as such is known by the nickname 'Pre-Daytona'. With such a short period of production the 6234 is a highly prized watch with limited availability. It is believed that approximately only 2300 examples were released in steel and naturally far less in gold. In 1960 Rolex replaced the 6234 with the 6238 which also shares the nickname of 'Pre-Daytona'.

51 ROLEX. A STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH WITH DUAL TIME ZONE

Model: GMT-Master Reference: 1675

Date: Circa 1967

Movement: 26-jewel Cal.1570 automatic, No.D140346

Dial: Black, luminous dot hour markers with baton quarters, white outer minute divisions, magnified date aperture at 3, polished Mercedes hands with luminous inserts, centre seconds, further red arrow tipped dual time zone hand

Case: Brushed and polished tonneau form, screw down back and shouldered screw down crown, bezel with blue and red 'Pepsi' 24 hour insert, inside back date coded II.67, No.1711713

Strap/Bracelet: Brushed and polished 62510H Jubilee link Buckle/Clasp: Signed folding clasp, stamped S MA6

Signed: Case, dial & movement Size: 39mm

£ 7,000 - 9,000

€8,000 - 10,000

US$9,400 - 12,000

The Rolex GMT was launched in 1954 and designed in collaboration with Pan Am airlines to produce a watch useful for their pilots. It quickly gained favour among the Pan-Am executives and the business jet-set community as a whole.

Offered continuously since its introduction with relatively little modification it is perhaps, along with the Submariner, the most classic Rolex 'tool' watch made. The reference 1675 began production 65 years ago in 1960 and was the first GMT Master reference to feature protective crown guards.

52 Y ROLEX. A RARE AND OVERSIZED STAINLESS STEEL MANUAL WIND WRISTWATCH

Model: Precision Reference: 4157

Date: Circa 1948

Movement: 17-jewel Cal.710 manual wind, No.32814

Dial: Silvered, applied alternating dart and Arabic numeral hour markers, black inner 1/5th second divisions, polished pointed baton hands, centre seconds

Case: Brushed and polished round, snap on back, No.635601

Strap/Bracelet: Brown Rolex alligator leather

Buckle/Clasp: Signed steel buckle

Signed: Case, dial & movement Size: 38mm

Accompaniments: Rolex pouch, Steven Hale Watch Repair service receipt dated 25/2/2026

£ 6,000 - 8,000

€6,900 - 9,200

US$8,000 - 11,000

Oversized stainless steel Rolex wristwatches from the late 1940s were produced in comparatively small numbers and remain highly sought after by collectors today. Manufactured during the immediate post-war period, such watches combined restrained styling with increased wrist presence at a time when smaller case sizes remained the norm.

Large steel Rolex wristwatches from this period are encountered far less frequently than gold or smaller cased contemporaries and represent an important transitional moment in the evolution of mid-century wristwatch design.

53 GRANA. A RARE STAINLESS STEEL MANUAL WIND MILITARY ISSUE WRISTWATCH

Model: 'Dirty Dozen'

Date: Circa 1945

Movement: 15-jewel Cal.K.F.320 manual wind

Dial: Black, Broad Arrow below 12, Arabic numeral hour markers, white outer minute track with luminous 5 minute markers, subsidiary dial at 6 for running seconds, pointed luminous filled hands

Case: Brushed round, screw down back engraved ↑ W.W.W M 18172, fixed bar lugs, inner cap, military markings also engraved to inside back

Strap/Bracelet: Associated olive green fabric

Buckle/Clasp: Associated steel buckle

Signed: Dial Size: 36mm

£ 10,000 - 15,000

€11,000 - 17,000

US$13,000 - 20,000

During the Second World War the British Ministry of Defence tasked 12 watch companies with the role of producing watches that were fit for military action. These companies were Buren, Cyma, Eterna, Grana, Jaeger-LeCoultre, Lemania, Longines, IWC, Omega, Record, Timor, and Vertex. Of all of the watches created it is estimated that Grana produced the lowest number making it the rarest one to come across and of particular importance to those looking to complete their 'Dirty Dozen' collection.

BREGUET. A RARE STAINLESS STEEL MANUAL WIND FLYBACK CHRONOGRAPH MILITARY WRISTWATCH

Model: Type 20

Reference: 5101/54

Date: Circa 1954

Movement: Jewelled Valjoux Cal.222 manual wind, No.3351

Dial: Black, luminous Arabic numeral hour markers, white outer 1/5th second divisions, subsidiary dials at 3 and 9 for seconds and 30 minute recording, white pointed baton hands with luminous inserts, centre chronograph hand

Case: Brushed round, screw down back stamped 'FG15367', bi-directional rotating bezel, crown flanked by twin chronograph pushers, No.3958

Strap/Bracelet: Brown Breguet leather

Buckle/Clasp: Signed folding clasp

Signed: Case & dial

Size: 38mm

Accompaniments: Breguet pouch, service receipt dated 2006, spare brown Breguet leather strap

£ 10,000 - 15,000

€11,000 - 17,000

US$13,000 - 20,000

"Type 20" refers not to a single model, but to a set of specifications issued by the French Ministry of Defence in the early 1950s, defining the requirements for a military pilot's chronograph. These included a black dial for legibility, twin subsidiary dials for constant seconds and elapsed minutes, a flyback function, and a case size of around 38mm.

Among the manufacturers commissioned, Breguet delivered its first batch of approximately 2,000 watches to the French military in 1954, following a series of prototypes used to refine the design. The result was a highly functional, purpose-built watch combining clarity, reliability and precision in line with aviation needs.

The outer casebacks of military-issued examples are typically engraved with the manufacturer, "Type 20," the contract number and year of supply, along with an "FG" (fin de garantie) marking followed by a date indicating the period for which the watch was certified for service. Multiple FG markings are not uncommon, reflecting subsequent servicing intervals.

A key distinction lies between the original "Type 20" and the later "Type XX." The former refers strictly to military-issued watches produced to Ministry specifications and supplied under contract, whereas "Type XX" was adopted by Breguet for later models made in larger numbers, including civilian examples. As a result, true Type 20 watches are far rarer, their direct military provenance setting them apart from the more widely available Type XX variants.

55

ROLEX. A FINE AND VERY RARE STAINLESS STEEL AUTOMATIC ANTIMAGNETIC WRISTWATCH WITH HONEYCOMB DIAL RECENTLY SERVICED BY THE ROLEX ATELIER DE RESTAURATION

Model: Milgauss

Reference: 6541/0

Date: Circa 1958

Movement: 25-jewel Cal.1066M automatic, No.DN903318

Dial: Black honeycomb, luminous dot hour markers with applied dart quarters, silvered outer minute divisions, polished sword hands, lightning bolt centre seconds

Case: Brushed and polished tonneau form, screw down back, inside back date coded I.V 1958, inner protective movement cover, bi-directional rotating bezel with black calibrated insert, No.412351

Strap/Bracelet: Black Rolex leather

Buckle/Clasp: Signed steel buckle

Signed: Case, dial & movement

Size: 38mm

Accompaniments: Rolex Atelier de Restauration service presentation box, individual presentation booklet

£ 60,000 - 80,000

€69,000 - 92,000

US$80,000 - 110,000

The Rolex Milgauss was introduced in the 1950s as a purpose-built tool watch designed for scientists, engineers and technicians working in environments exposed to strong magnetic fields. Its name derives from the model's ability to withstand magnetic fields of up to 1,000 gauss, an impressive technical achievement for the period and a reflection of Rolex's growing focus on highly functional professional watches during the post-war scientific age. Developed for use in laboratories and research facilities where conventional watches could be affected by magnetism, the Milgauss represented Rolex's answer to an increasingly modern and scientific world.

Produced for only a relatively short period, the reference 6541 has become one of the most sought-after vintage Rolex sports models, admired for both its rarity and highly distinctive design. Characterised by its rotating bezel, honeycomb dial and iconic lightning bolt seconds hand, the reference reflects the bold and experimental spirit of Rolex design during the late 1950s and remains one of the brand's most recognisable early tool watches.

The present lot is further distinguished by having recently undergone restoration and servicing by the Rolex Atelier de Restauration, the maison's highly specialised department dedicated to historically important vintage timepieces. Operating separately from Rolex's standard service network, the Atelier focuses on the careful preservation of some of the brand's rarest watches, with work undertaken with an emphasis on historical integrity and period correctness, making such examples especially appealing to collectors.

56 ROLEX.

A FINE AND VERY RARE STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH MADE FOR THE ROYAL OMAN POLICE

Model: Submariner 'Royal Oman Police'

Reference: 16800

Date: Circa 1984

Movement: 27-jewel Cal.3035 automatic, No.0497884

Dial: Black, emblem of the Royal Oman Police at 6, luminous dot hour markers, baton quarters, white outer minute divisions, magnified date aperture at 3, polished Mercedes hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back, unidirectional rotating bezel with black calibrated insert, No.8084973

Strap/Bracelet: Brushed 93150 Oyster link

Buckle/Clasp: Signed folding clasp, stamped E010

Signed: Case, dial & movement Size: 40mm

£ 80,000 - 120,000

€92,000 - 140,000

US$110,000 - 160,000

In the 1970 and 80s Rolex produced a limited number of watches especially for the Sultan of Oman. Of these select watches there was also a very rare commission of GMT Master Ref:16750 and Submariner Ref:16800s specifically for the Oman police force. These feature the Oman Police symbol, the Khanjar curved daggers set beneath a crown and within a wreath and are some of the rarest Khanjar dialled Rolex produced.

57

ROLEX. A STAINLESS STEEL AUTOMATIC CALENDAR BRACELET WATCH WITH DUAL TIME ZONE

Model: Explorer II "Steve McQueen/Freccione"

Reference: 1655

Date: Circa 1978

Movement: 26-jewel Cal.1570 automatic, adjusted to 5 positions & temperature, No.D432305

Dial: Black, luminous baton hour markers, white minute divisions, magnified date aperture at 3, white pointed baton hands with luminous inserts, centre seconds, further orange arrow tipped dual time hand

Case: Brushed and polished tonneau form, screw down back and crown, 24 hour indication to bezel, No.5674615

Strap/Bracelet: Brushed 78360 Oyster link

Buckle/Clasp: Signed folding clasp

Signed: Case, dial & movement

Size: 38mm

Accompaniments: Rolex box

£ 12,000 - 18,000

€14,000 - 21,000

US$16,000 - 24,000

The Rolex Explorer II 1655 first appeared on the market in 1971 and continued the tradition of the earlier Explorer models which were first introduced in 1953. The watch was originally developed to accompany speleologists on their cave exploration expeditions and as such was designed with extreme durability in mind. Due to its limited commercial success and short production period, the reference 1655 is today one of the more sought after Vintage Rolex models.

The model features a fixed bezel with 24 hour display and a special 24 hour hand that can be set to distinguish day from night hours. It is known as the "Freccione", Italian for "big arrow", amongst collectors.

58 ROLEX. A TRANSITIONAL STAINLESS STEEL AUTOMATIC CALENDAR

BRACELET WATCH WITH DUAL TIME ZONE

Model: GMT Master

Reference: M16750

Date: Purchased 19th February 1984

Movement: 27-jewel Cal.3075 automatic, adjusted to 5 positions & temperature, No.0944415

Dial: Black, luminous filled dot hour markers, baton quarters, white outer minute markers, magnified date aperture at 3, polished Mercedes hands with luminous inserts, centre seconds, arrow tipped red dual time hand

Case: Brushed and polished tonneau form, screw down back with personal engraving, shouldered screw down crown, blue and red 'Pepsi' bezel insert, No.8227202

Strap/Bracelet: Brushed polished 78360 Oyster link

Buckle/Clasp: Signed folding clasp, stamped H

Signed: Case, dial & movement Size: 39mm

Accompaniments: Rolex box (lacking cushion), swing tag, two spare links, Punched Guarantee, brochures, International Service Guarantee dated 28th July 2006, service receipt dated 22nd March 2024, Rolex service card for March 2024 service

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

Launched in 1979/80 to replace the well-loved 1675, the transitional 16750 is so similar to its predecessor that it takes a keen eye to appreciate the nuances that separate these two models. The main differences can be summed up as a new, more accurate calibre (3075), double the depth rating, a quick set sequence to the date function and a different layering of the hands. The reference was in production for around 8 years before being phased out.

59 ROLEX. A STAINLESS STEEL AUTOMATIC BRACELET WATCH

Model: Explorer

Reference: 5500

Date: Purchased 29th December 1971

Movement: 26-jewel Cal.1520 automatic

Dial: Black, luminous baton hour markers, Arabic numeral 3, 6 and 9, gilt outer minute divisions, polished Mercedes hands with luminous inserts, centre seconds

Case: Brushed and polished tonneau form, screw down back and crown, inside back date coded I.69, No.2089063

Strap/Bracelet: Brushed Jubilee link

Buckle/Clasp: Signed Rolex U.S.A folding clasp

Signed: Case, dial & movement

Size: 34mm

Accompaniments: Rolex box, guarantee booklet

£ 7,000 - 9,000

€8,000 - 10,000

US$9,400 - 12,000

Traditionally, the reference 5500 is associated with Rolex's Air-King design. For a few years in the 1960s however, Rolex also produced a small number of reference 5500 watches with Explorer dials that were almost indistinguishable from the classic Explorer Reference 1016. Instead of "Superlative Chronometer Officially Certified" the dials would spell out "Precision" or "Super Precision" below the hands.

60 ROLEX. A FINE STAINLESS STEEL AUTOMATIC WRISTWATCH WITH GILT GLOSS DIAL

Model: Submariner

Reference: 5513

Date: Circa 1966

Movement: 26-jewel Cal.1530 automatic

Dial: Gloss black, luminous dot hour markers with baton quarters, gilt outer minute divisions, polished Mercedes hands, centre seconds

Case: Brushed and polished tonneau form, screw down back, inside back date coded III.65, bi-directional rotating bezel, black calibrated insert, No.1327391

Strap/Bracelet: Associated grey leather

Buckle/Clasp: Associated stainless steel buckle

Signed: Case, dial & movement Size: 40mm

£ 8,000 - 12,000

€9,200 - 14,000

US$11,000 - 16,000

Rolex introduced to the market reference 5513 in 1962, and produced the reference until the mid-1980's. The model is recognizable by its lack of date feature, allowing the dial to have a well-balanced design. Earlier examples of the 5513 featured a glossy black dial with gilt text, and in the mid-1960's, Rolex started producing the reference with a matte dial and white printing. These dials featured the depth rating with meters indicated first "200m=660ft", and towards the end of the 1960's, Rolex began producing dials with the depth rating that indicated feet first. The reference 5513 appeals to vintage Rolex enthusiasts for its dial symmetry, durability, and place in Rolex history as inspiration for future Submariner models.

END OF SALE

AUCTION: FINE CLOCKS

LOCATION: NEW BOND STREET, LONDON

CHARLES FRODSHAM, NO. 990.

An exceptional mid-19th century giant carriage clock with twin subsidiary power reserves £15,000 - 25,000 *

This notice is addressed by Bonhams to any person who may be interested in a Lot, and to all persons participating in the auction process including auction attendees, Bidders and potential Bidders (including any eventual Buyer of the Lot). For ease of reference we refer to such persons as “Bidders” or “you”. Our List of Definitions and Glossary is incorporated into this Notice to Bidders. It is at Appendix 3 at the back of the Catalogue. Where words and phrases are used in this notice which are in the List of Definitions, they are printed in italics. IMPORTANT: Additional information applicable to the Sale may be set out in the Catalogue for the Sale, in an insert in the Catalogue and/or in a notice displayed at the Sale venue and you should read them as well. Announcements affecting the Sale may also be given out orally before and during the Sale without prior written notice. You should be alert to the possibility of changes and ask in advance of bidding if there have been any.

1. OUR ROLE

In its role as Auctioneer of Lots, Bonhams acts solely for and in the interests of the Seller Bonhams’ job is to sell the Lot at the highest price obtainable at the Sale to a Bidder. Bonhams does not act for Buyers or Bidders in this role and does not give advice to Buyers or Bidders. When it or its staff make statements about a Lot or, if Bonhams provides a Condition Report on a Lot it is doing that on behalf of the Seller of the Lot. Bidders and Buyers who are themselves not expert in the Lots are strongly advised to seek and obtain independent advice on the Lots and their value before bidding for them. The Seller has authorised Bonhams to sell the Lot as its agent on its behalf and, save where we expressly make it clear to the contrary, Bonhams acts only as agent for the Seller. Any statement or representation we make in respect of a Lot is made on the Seller’s behalf and, unless Bonhams sells a Lot as principal, not on our behalf and any Contract for Sale is between the Buyer and the Seller and not with us. If Bonhams sells a Lot as principal this will either be stated in the Catalogue or an announcement to that effect will be made by the Auctioneer, or it will be stated in a notice at the Sale or an insert in the Catalogue.

Bonhams does not owe or undertake or agree to any duty or responsibility to you in contract or tort (whether direct, collateral, express, implied or otherwise). If you successfully bid for a Lot and buy it, at that stage Bonhams does enter into an agreement with you as the Buyer. The terms of that contract are set out in our Buyer’s Agreement, which you will find at Appendix 2 at the back of the Catalogue, and this will govern Bonhams’ relationship with the Buyer 2. LOTS

Subject to the Contractual Description printed in bold letters in the Entry about the Lot in the Catalogue (see paragraph 3 below), Lots are sold to the Buyer on an “as is” basis, with all faults and imperfections. Illustrations and photographs contained in the Catalogue (other than photographs forming part of the Contractual Description) or elsewhere of any Lots are for identification purposes only. A photograph or illustration may not reflect an accurate reproduction of the colour(s) or true condition of the Lot Lots are available for inspection prior to the Sale and it is for you to satisfy yourself as to each and every aspect of a Lot, including its authorship, attribution, condition, provenance, history, background, authenticity, style, period, age, suitability, quality, roadworthiness (if relevant), origin, value and estimated selling price (including the Hammer Price). It is your responsibility to examine any Lot in which you are interested. It should be remembered that the actual condition of a Lot may not be as good as that indicated by its outward appearance. In particular, parts may have been replaced or renewed and Lots may not be authentic or of satisfactory quality; the inside of a Lot may not be visible and may not be original or may be damaged, as for example where it is covered by upholstery or material. Given the age of many Lots they may have been damaged and/or repaired and you should not assume that a Lot is in good condition. Electronic or mechanical items or parts are sold for their artistic, historic or cultural interest and may not operate or may not comply with current statutory requirements. You should not assume that electrical items designed to operate on mains electricity will be suitable for connection to the mains electricity supply and you should obtain a report from a qualified electrician on their status before doing so. Such items which are unsuitable for connection are sold as items of interest for display purposes only. If you yourself do not have expertise regarding a Lot, you should consult someone who does to advise you. We can assist in arranging facilities for you to carry out or have carried out more detailed inspections and tests. Please ask our staff for details. Any person who damages a Lot will be held liable for the loss caused.

3. DESCRIPTIONS OF LOTS AND ESTIMATES

Contractual Description of a Lot

The Catalogue contains an Entry about each Lot. Each Lot is sold by its respective Seller to the Buyer of the Lot as corresponding only with that part of the Entry which is printed in bold letters and (except for the colour, which may be inaccurately reproduced) with any photograph of the Lot in the Catalogue. The remainder of the Entry, which is not printed in bold letters, represents Bonhams’ opinion (given on behalf of the Seller) about the Lot only and is not part of the Contractual Description in accordance with which the Lot is sold by the Seller Estimates

In most cases, an Estimate is printed beside the Entry Estimates are only an expression of Bonhams’ opinion made on behalf of the Seller of the range where Bonhams thinks the Hammer Price for the Lot is likely to fall; it is not an Estimate of value. It does not take into account any VAT or Buyer’s Premium payable or any other fees payable by the Buyer, which are detailed in paragraph 7 of the Notice to Bidders, below. Prices depend upon bidding and lots can sell for Hammer Prices below and above the Estimates, so Estimates should not be relied on as an indication of the actual selling price or value of a Lot Estimates are in the currency of the Sale Condition Reports

In respect of most Lots, you may ask Bonhams for a Condition Report on the Lot’s general physical condition. If you do so, this will be provided by Bonhams on behalf of the Seller free of charge. As this is offered additionally and without charge, Bonhams is not entering into a contract with you in respect of the Condition Report and accordingly does not assume responsibility to you in respect of it. The Condition Report represents Bonhams’ reasonable opinion as to the Lot’s general condition in the terms stated in the particular report, and Bonhams does not represent or guarantee that a Condition Report includes all aspects of the internal or external condition of the Lot. Neither does the Seller owe or agree to owe you as a Bidder or Buyer any obligation or duty in respect of this free report about a Lot, which is available for your own inspection or for inspection by an expert instructed by you. The Seller’s responsibility to you

The Seller does not make or agree to make any representation of fact or contractual promise, Guarantee or warranty and undertakes no obligation or duty, whether in contract or in tort (other than to the eventual Buyer as set out above), in respect of the accuracy or completeness of any statement or representation made by him or on his behalf, which is in any way descriptive of any Lot or as to the anticipated or likely selling price of any Lot. Other than as set out above, no statement or representation in any way descriptive of a Lot or any Estimate is incorporated into any Contract for Sale between a Seller and a Buyer Bonhams’ responsibility to you

You have the opportunity of examining the Lot if you want to and the Contract for Sale for a Lot is with the Seller and not with Bonhams; Bonhams acts as the Seller’s agent only (unless Bonhams sells the Lot as principal).

Bonhams undertakes no obligation to you to examine, investigate or carry out any tests, either in sufficient depth or at all, on each Lot to establish the accuracy or otherwise of any Descriptions or opinions given by Bonhams, or by any person on Bonhams’ behalf, whether in the Catalogue or elsewhere.

You should not suppose that such examinations, investigations or tests have occurred.

Bonhams does not make or agree to make any representation of fact, and undertakes no obligation or duty (whether in contract or tort) in respect of the accuracy or completeness of any statement or representation made by Bonhams or on Bonhams’ behalf which is in any way descriptive of any Lot or as to the anticipated or likely selling price of any Lot. No statement or representation by Bonhams or on its behalf in any way descriptive of any Lot or any Estimate is incorporated into our Buyer’s Agreement.

Alterations

Descriptions and Estimates may be amended at Bonhams’ discretion from time to time by notice given orally or in writing before or during a Sale

THE LOT IS AVAILABLE FOR INSPECTION AND YOU MUST FORM YOUR OWN OPINION IN RELATION TO IT. YOU ARE STRONGLY ADVISED TO EXAMINE ANY LOT OR HAVE IT EXAMINED ON YOUR BEHALF BEFORE THE SALE

4. CONDUCT OF THE SALE

Our Sales are public auctions which persons may attend and you should take the opportunity to do so. We reserve the right at our sole discretion to refuse admission to our premises or to any Sale and to remove any person from our premises and Sales, without stating a reason. We have complete discretion as to whether the Sale proceeds, whether any Lot is included in the Sale, the manner in which the Sale is conducted and we may offer Lots for Sale in any order we choose notwithstanding the numbers given to Lots in the Catalogue. You should therefore check the date and starting time of the Sale, whether there have been any withdrawals or late entries. Remember that withdrawals and late entries may affect the time at which a Lot you are interested is put up for Sale. We have complete discretion in which to refuse any bid, to nominate any bidding increment we consider appropriate, to divide any Lot, to combine two or more Lots, to withdraw any Lot from a Sale and, before the Sale has been closed, to put up any Lot for auction again. Auction speeds can exceed 100 Lots to the hour and bidding increments are generally about 10%; however, these do vary from Sale to Sale and from Auctioneer to Auctioneer Please check with the department organising the Sale for advice on this. Where a Reserve has been applied to a Lot, the Auctioneer may, in his absolute discretion, place bids (up to an amount not equalling or exceeding such Reserve) on behalf of the Seller. We are not responsible to you in respect of the presence or absence of any Reserve in respect of any Lot. If there is a Reserve it will be no higher than the lower figure for any Estimate in the Catalogue, assuming that the currency of the Reserve has not fluctuated adversely against the currency of the Estimate. The Buyer will be the Bidder who makes the highest bid acceptable to the Auctioneer for any Lot (subject to any applicable Reserve) to whom the Lot is knocked down by the Auctioneer at the fall of the Auctioneer’s hammer. Any dispute as to the highest acceptable bid will be settled by the Auctioneer in his absolute discretion. All bids tendered will relate to the actual Lot number announced by the Auctioneer. An electronic currency converter may be used at the Sale. This equipment is provided as a general guide as to the equivalent amount in certain currencies of a given bid. We do not accept any responsibility for any errors which may occur in the use of the currency converter. We may use video cameras to record the Sale and may record telephone calls for reasons of security and to assist in solving any disputes which may arise in relation to bids made at the Sale. At some Sales, for example, jewellery Sales, we may use screens on which images of the Lots will be projected. This service is provided to assist viewing at the Sale. The image on the screen should be treated as an indication only of the current Lot. It should be noted that all bids tendered will relate to the actual Lot number announced by the Auctioneer. We do not accept any responsibility for any errors which may occur in the use of the screen.

5. BIDDING

You must complete and deliver to us one of our Bidding Forms, either our Bidder Registration Form, Absentee Bidding Form or Telephone Bidding Form in order to bid at our Sales

If you are a new client at Bonhams or have not recently updated your registration details with us, you must pre-register to bid at least two working days before the Sale at which you wish to bid. You will be required to provide government-issued proof of identity and residence, and if you are a company, your certificate of incorporation or equivalent documentation with your name and registered address, government issued proof of your current address, documentary proof of your beneficial owners and directors, and proof of authority to transact. We may also request a financial reference and /or deposit from you before allowing you to bid.

We reserve the rights at our discretion to request further information in order to complete our client identification and to decline to register any person as a Bidder, and to decline to accept their bids if they have been so registered. We also reserve the rights to postpone completion of the Sale of any Lot at our discretion while we complete our registration and identification enquiries, and to cancel the Sale of any Lot if you are in breach of your warranties as Buyer, or if we consider that such Sale would be unlawful or otherwise cause liabilities for the Seller or Bonhams or be detrimental to Bonhams’ reputation.

Bidding in person

So long as you have pre-registered to bid or have updated your existing registration recently, you should come to our Bidder registration desk at the Sale venue and fill out a Registration and Bidding Form on (or, if possible, before) the day of the Sale. The bidding number system is sometimes referred to as “paddle bidding”. You will be issued with a large card (a “paddle”) with a printed number on it. This will be attributed to you for the purposes of the Sale. Should you be a successful Bidder you will need to ensure that your number can be clearly seen by the Auctioneer and that it is your number which is identified as the Buyer’s. You should not let anyone else use your paddle as all Lots will be invoiced to the name and address given on your Bidder Registration Form. Once an invoice is issued it will not be changed. If there is any doubt as to the Hammer Price of, or whether you are the successful Bidder of, a particular Lot, you must draw this to the attention of the Auctioneer before the next Lot is offered for Sale At the end of the Sale, or when you have finished bidding please return your paddle to the Bidder registration desk.

Bidding by telephone

If you wish to bid at the Sale by telephone, and have pre-registered to bid or have updated your existing registration details recently, please complete a Registration and Bidding Form, which is available from our offices or in the Catalogue. Please then return it to the office responsible for the Sale at least 24 hours in advance of the Sale. It is your responsibility to check with our Bids Office that your bid has been received. Telephone calls will be recorded. The telephone bidding facility is a discretionary service offered at no additional charge and may not be available in relation to all Lots. We will not be responsible for bidding on your behalf if you are unavailable at the time of the Sale or if the telephone connection is interrupted during bidding. Please contact us for further details.

Bidding by post or fax

Absentee Bidding Forms can be found in the back of this Catalogue and should be completed and sent to the office responsible for the Sale, once you have pre-registered to bid or have updated your existing registration details recently. It is in your interests to return your form as soon as possible, as if two or more Bidders submit identical bids for a Lot, the first bid received takes preference. In any event, all bids should be received at least 24 hours before the start of the Sale Please check your Absentee Bidding Form carefully before returning it to us, fully completed and signed by you. It is your responsibility to check with our Bids Office that your bid has been received. This additional service is complimentary and is confidential. Such bids are made at your own risk and we cannot accept liability for our failure to receive and/or place any such bids. All bids made on your behalf will be made at the lowest level possible subject to Reserves and other bids made for the Lot. Where appropriate your bids will be rounded down to the nearest amount consistent with the Auctioneer’s bidding increments. New Bidders must also provide proof of identity and address when submitting bids. Failure to do this will result in your bid not being placed.

Bidding via the internet

In order to bid online in a Sale, you must be 18 or over and you must register to bid via the Bonhams App or www.bonhams.com. Once you have registered, you should keep your account details strictly confidential and not permit any third party to access your account on your behalf or otherwise. You will be liable for any and all bids made via your account. Please note payment must be made from a bank account in the name of the registered bidder.

Individuals: Enter your full name, email, residential address, date of birth and nationality and provide a valid credit card in your name which will be verified via Stripe before you are able to bid. If your credit card fails verification, you will not be permitted to bid and you should contact Client Services for assistance. We may in addition request a financial reference and/or deposit from you prior to letting you bid. If you are bidding as agent on behalf of another party, you agree: (i) to disclose this fact to Client Services; (ii) to provide such information as we require to enable us to complete our identification and anti-money laundering checks on that third party; and (ii) where your bid is successful, you are jointly and severally liable with that other party for the full amounts owing for the successful bid. Where you are the successful bidder for any lot with a hammer price equal to or in excess of £5,000/$10,000/ HKD50,000/AUS$10,000 depending on the jurisdiction and currency of the Sale, and if you have not provided such documents previously, you will be required to upload or provide to Client Services your Government issued photo ID and (if not on the ID) proof of your

address before the lot can be released to you. We reserve the right to request ID documentation from any bidder or successful buyer regardless of these thresholds and to refuse to release any purchased lot until such documentation is provided.

Companies: You must select the option to set up a business account and then provide your full name, email, residential address, date of birth and the full name of the company. You must provide a credit card for verification either in your name or the name of the company but payment must be made from an account in the company’s name. If your credit card fails verification, you will not be permitted to bid and please contact Client Services for assistance. We may in addition require a bank reference or deposit prior to letting you bid. For all successful bids, we require the company’s Certificate of Incorporation or equivalent documentation confirming the company’s name and registered address, documentary proof of each beneficial owner owning 25% or more of the company, and proof of your authority to transact before the lot can be released to you.

We reserve the right to request any further information from any bidder that we may require in order to carry out any identification, anti-money laundering or anti-terrorism financing checks conducted by us. We may at our discretion postpone or cancel your registration, not permit you to bid and/or postpone or cancel completion of any purchase you may make.

Bidding through an agent

Bids will be treated as placed exclusively by and on behalf of the person named on the Bidding Form unless otherwise agreed by us in writing in advance of the Sale. If you wish to bid on behalf of another person (your principal) you must complete the pre-registration requirements set out above both on your own behalf and with full details of your principal, and we will require written confirmation from the principal confirming your authority to bid.

You are specifically referred to your due diligence requirements concerning your principal and their source of funds, and the warranties you give in the event you are the Buyer, which are contained in paragraph 3 of the Buyer’s Agreement, set out at Appendix 2 at the back of the Catalogue.

Nevertheless, as the Bidding Form explains, any person placing a bid as agent on behalf of another (whether or not he has disclosed that fact) will be jointly and severally liable with the principal to the Seller and to Bonhams under any contract resulting from the acceptance of a bid. Equally, please let us know if you intend to nominate another person to bid on your behalf at the Sale unless this is to be carried out by us pursuant to a Telephone or Absentee Bidding Form that you have completed. If we do not approve the agency arrangements in writing before the Sale, we are entitled to assume that the person bidding at the Sale is bidding on his own behalf. Accordingly, the person bidding at the Sale will be the Buyer and will be liable to pay the Hammer Price and Buyer’s Premium and associated charges. If we approve the identity of your client in advance, we will be in a position to address the invoice to your principal rather than you. We will require proof of the agent’s client’s identity and residence in advance of any bids made by the agent on his behalf. Please refer to our Conditions of Business and contact our Customer Services Department for further details. Bonhams undertakes Customer Due Diligence (CDD) into its Sellers and Buyers as required by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“the Regulations”). Bonhams’ interpretation of the Regulations and Treasury Approved industry Guidance is that CDD under the Regulations is not required by Buyers into Sellers at Bonhams auctions or vice versa

6. CONTRACTS BETWEEN THE BUYER AND SELLER AND THE BUYER AND BONHAMS

On the Lot being knocked down to the Buyer, a Contract for Sale of the Lot will be entered into between the Seller and the Buyer on the terms of the Contract for Sale set out in Appendix 1 at the back of the Catalogue. You will be liable to pay the Purchase Price, which is the Hammer Price plus any applicable VAT. At the same time, a separate contract is also entered into between us as Auctioneers and the Buyer

This is our Buyer’s Agreement, the terms of which are set out in Appendix 2 at the back of the Catalogue. Please read the terms of the Contract for Sale and our Buyer’s Agreement contained in the Catalogue in case you are the successful Bidder including the warranties as to your status and source of funds We may change the terms of either or both of these agreements in advance of their being entered into, by setting out different terms in the Catalogue and/or by placing an insert in the Catalogue and/or by notices at the Sale venue and/or by oral announcements before and during the Sale. It is your responsibility to ensure you are aware of the up to date terms of the Buyer’s Agreement for this Sale

7. BUYER’S PREMIUM AND OTHER CHARGES PAYABLE BY THE BUYER

Under the Buyer’s Agreement, a premium (the Buyer’s Premium) is payable to us by the Buyer in accordance with the terms of the Buyer’s Agreement and at rates set out below, calculated by reference to the Hammer Price and payable in addition to it.

For this Sale the following rates of Buyer’s Premium will be payable by Buyers on each Lot purchased:

28% of the Hammer Price on the first £40,000; plus 27% of the Hammer Price from £40,001 and up to £800,000; plus 21% of the Hammer Price from £800,001 and up to £4,500,000; plus 14.5% of the Hammer Price above £4,500,000

A 3rd party bidding platform fee of 4% of the Hammer Price for Buyers using the following bidding platforms will be added to the invoices of successful Buyers – Invaluable; Live Auctioneers; The Saleroom; Lot-tissimo.

Storage and handling charges may also be payable by the Buyer as detailed on the specific Sale Information page at the front of the catalogue.

The Buyer’s Premium and all other charges payable to us by the Buyer are subject to VAT at the prevailing rate, currently 20%.

VAT may also be payable on the Hammer Price of the Lot, where indicated by a symbol beside the Lot number. See paragraph 8 below for details.

On certain Lots, which will be marked “AR” in the Catalogue and which are sold for a Hammer Price of £1,000 or greater, the Additional Premium will be payable to us by the Buyer to cover our Expenses relating to the payment of royalties under the Artist’s Resale Right Regulations 2006, as amended. The Additional Premium will be a percentage of the amount of the Hammer Price calculated in accordance with the table below, and shall not exceed £12,500.

Note: only one debit or credit card may be used for payment of an account balance. If you have any questions with regards to card payments, please contact our Customer Services Department. We reserve the rights to investigate and identify the source of any funds received by us, to postpone completion of the sale of any Lot at our discretion while we complete our investigations, and to cancel the Sale of any Lot if you are in breach of your warranties as Buyer, if we consider that such Sale would be unlawful or otherwise cause liabilities for the Seller or Bonhams, or would be detrimental to Bonhams’ reputation. 10. COLLECTION AND STORAGE

The Buyer of a Lot will not be allowed to collect it until payment in full and in cleared funds has been made (unless we have made a special arrangement with the Buyer). For collection and removal of purchased Lots, please refer to Sale Information at the front of the Catalogue Our offices are open 9.00am – 5pm Monday to Friday. Details relating to the collection of a Lot, the storage of a Lot and our Storage Contractor after the Sale are set out in the Catalogue 11. SHIPPING

SHIPPING For information and estimates on domestic and international shipping as well as export licenses please contact The Packengers Ltd on +44 (0) 203 154 4360 bonhamslondon@thepackengers.com

12. EXPORT/TRADE RESTRICTIONS

8. VAT

The prevailing rate of VAT at the time of going to press is 20%, but this is subject to government change and the rate payable will be the rate in force on the date of the Sale

The following symbols, shown beside the Lot number, are used to denote that VAT is due on the Hammer Price and Buyer’s Premium:

† VAT at the prevailing rate on Hammer Price and Buyer’s Premium

Ω VAT on imported items at the prevailing rate on Hammer Price and Buyer’s Premium

* VAT on imported items at a preferential rate of 5% on Hammer Price and the prevailing rate on Buyer’s Premium

G Gold bullion exempt from VAT on the Hammer Price and subject to VAT at the prevailing rate on the Buyer’s Premium

• Zero rated for VAT, no VAT will be added to the Hammer Price or the Buyer’s Premium

a Buyers from within the UK: VAT is payable at the prevailing rate on just the Buyer’s Premium (NOT the Hammer Price). Buyers from outside the UK: VAT is payable at the prevailing rate on both Hammer Price and Buyer’s Premium. If a Buyer, having registered under a non-UK address, decides that the item is not to be exported from the UK, then he should advise Bonhams immediately.

In all other instances no VAT will be charged on the Hammer Price, but VAT at the prevailing rate will be added to Buyer’s Premium which will be invoiced on a VAT inclusive basis.

9. PAYMENT

It is of critical importance that you ensure that you have readily available funds to pay the Purchase Price and the Buyer’s Premium (plus VAT and any other charges and Expenses to us)in full before making a bid for the Lot. If you are a successful Bidder, payment will be due to us by 4.30 pm on the second working day after the Sale so that all sums are cleared by the eighth working day after the Sale. Payments made by anyone other than the registered Buyer will not be accepted. Bonhams reserves the right to vary the terms of payment at any time. Bonhams’ preferred payment method is by bank transfer. You may electronically transfer funds to our Account. If you do so, please quote your paddle number and invoice number as the reference. Our Account details are as follows:

Bank: National Westminster Bank Plc

Address: PO Box 4RY

250 Regent Street London W1A 4RY

Account Name: Bonhams 1793 Limited

Account Number: 25563009

Sort Code: 56-00-27

IBAN Number: GB 33 NWBK 560027 25563009

If paying by bank transfer, the amount received after the deduction of any bank fees and/or conversion of the currency of payment to pounds sterling must not be less than the sterling amount payable, as set out on the invoice.

Payment may also be made by one of the following methods:

Debit cards issued in the name of the Buyer (including China Union Pay (CUP) cards and debit cards issued by Visa and MasterCard only). There is no limit on payment value if payment is made in person using Chip & Pin verification.

Payment by telephone may also be accepted up to £5,000, subject to appropriate verification procedures. If the amount payable by you for Lots exceeds that sum, the balance must be paid by other means.

Credit cards issued in the name of the Buyer (including China Union Pay (CUP) cards and credit cards issued by Visa and MasterCard only). There is a £5,000 limit on payment value if payment is made in person using Chip & Pin verification.

It may be advisable to notify your debit or credit card provider of your intended purchase in advance to reduce delays caused by us having to seek authority when you come to pay.

It is your sole responsibility to comply with all export and import regulations relating to your purchases and also to obtain any relevant export and/or import licence(s). Export licences are issued by Arts Council England and application forms can be obtained from its Export Licensing Unit. The detailed provisions of the export licensing arrangements can be found on the ACE website http://www. artscouncil.org.uk/what-we-do/supporting-museums/cultural-property/ export-controls/export-licensing/ or by phoning ACE on +44 (0)20 7973 5188. The need for import licences varies from country to country and you should acquaint yourself with all relevant local requirements and provisions. The refusal of any import or export licence(s) or any delay in obtaining such licence(s) shall not permit the rescission of any Sale nor allow any delay in making full payment for the Lot Generally, please contact our shipping department before the Sale if you require assistance in relation to export regulations.

From 28 June 2025, the import into the EU of non-EU origin property of a certain age (and in some categories above a certain value) into the EU is subject to additional requirements. Under the relevant EU Regulation, it is the Buyer’s sole responsibility to assess whether any Lot meets the criteria for import into the EU. The refusal of any required Importer Licence or Importer Statement, or any delay in obtaining such Licence or Statement shall not give rise to the rescission or cancellation of any Sale, nor allow any delay in making full payment for the Lot.

13. CITES REGULATIONS

Please be aware that all Lots marked with the symbol Y are subject to CITES regulations when exporting these items outside the UK. These regulations may be found at:

https://www.gov.uk/guidance/apply-for-cites-permits-and-certificatesto-trade-endangered-species#how-to-apply or may be requested from: Enquiries: wildlife.licensing@apha.gov.uk

Applications: CITESapplication@apha.gov.uk

Address: UK CITES Management Authority Centre for International Trade Horizon House, Deanery Road, Bristol BS1 5AH

The refusal of any CITES licence or permit and any delay in obtaining such licences or permits shall not give rise to the rescission or cancellation of any Sale, nor allow any delay in making full payment for the Lot

14. THE SELLERS AND/OR BONHAMS’ LIABILITY

Other than any liability of the Seller to the Buyer of a Lot under the Contract for Sale, neither we nor the Seller are liable (whether in negligence or otherwise) for any error or misdescription or omission in any Description of a Lot or any Estimate in respect of it, whether contained in the Catalogue or otherwise, whether given orally or in writing and whether given before or during the Sale. Neither we nor the Seller will be liable for any loss of Business, profits, revenue or income, or for loss of reputation, or for disruption to Business or wasted time on the part of management or staff, or for indirect losses or consequential damages of any kind, irrespective in any case of the nature, volume or source of the loss or damage alleged to be suffered, and irrespective of whether the said loss or damage is caused by or claimed in respect of any negligence, other tort, breach of contract (if any) or statutory duty, restitutionary claim or otherwise. In any circumstances where we and/or the Seller are liable in relation to any Lot or any Description or Estimate made of any Lot, or the conduct of any Sale in relation to any Lot, whether in damages, for an indemnity or contribution, or for a restitutionary remedy or otherwise, our and/or the Seller’s liability (combined, if both we and the Seller are liable) will be limited to payment of a sum which will not exceed by way of maximum the amount of the Purchase Price of the Lot irrespective in any case of the nature, volume or source of any loss or damage alleged to be suffered or sum claimed as due, and irrespective of whether the liability arises from any negligence, other tort, breach of contract (if any) or statutory duty or otherwise. Nothing set out above will be construed as excluding or restricting (whether directly or indirectly) our liability or excluding or restricting any person’s rights or remedies in respect of (i) fraud, or (ii) death or personal injury caused by our negligence (or by the negligence of any person under our control or for whom we are legally responsible), or (iii) acts or omissions for which we are liable under the Occupiers Liability Act 1957, or (iv) any other liability to the extent the same may not be excluded or restricted as a matter of law or (v) our undertakings under paragraphs 9 (in relation to specialist Stamp or Book Sales only) and 10 of the Buyer’s Agreement. The same applies in respect of the Seller, as if references to us in this paragraph were substituted with references to the Seller

15. BOOKS

As stated above, all Lots are sold on an “as is” basis, subject to all faults, imperfections and errors of Description save as set out below. However, you will be entitled to reject a Book in the circumstances set out in paragraph 11 of the Buyers Agreement. Please note that Lots comprising printed Books, unframed maps and bound manuscripts are not liable to VAT on the Buyer’s Premium.

16. CLOCKS AND WATCHES

All Lots are sold “as is”, and the absence of any reference to the condition of a clock or watch does not imply that the Lot is in good condition and without defects, repairs or restorations. Most clocks and watches have been repaired in the course of their normal lifetime and may now incorporate parts not original to them. Furthermore, Bonhams makes no representation or warranty that any clock or watch is in working order. As clocks and watches often contain fine and complex mechanisms, Bidders should be aware that a general service, change of battery or further repair work, for which the Buyer is solely responsible, may be necessary.

17. FIREARMS – PROOF, CONDITION AND CERTIFICATION

Proof of Firearms

The term “proof exemption” indicates that a firearm has been examined at a Proof House, but not proved, as either (a) it was deemed of interest and not intended for use, or (b) ammunition was not available. In either case, the firearm must be regarded as unsafe to fire unless subsequently proved. Firearms proved for Black Powder should not be used with smokeless ammunition.

The term “Certificate of Unprovability” indicates that a firearm has been examined at a Proof House and is deemed both unsuitable for proof and use. Reproof is required before any such firearm is to be used.

Guns Sold as Parts

Barrels of guns sold as parts will only be made available for sleeving and measurements once rendered unserviceable according to the Gun Barrel Proof Act of 1968 to 1978 and the Rules of Proof.

Condition of Firearms

Comment in this Catalogue is restricted, in general, to exceptional condition and to those defects that might affect the immediate safety of a firearm in normal use. An intending Bidder unable to make technical examinations and assessments is recommended to seek advice from a gunmaker or from a modern firearms specialist. All prospective Bidders are advised to consult the of bore and wall-thickness measurements posted in the saleroom and available from the department. Bidders should note that guns are stripped only where there is a strong indication of a mechanical malfunction. Stripping is not, otherwise, undertaken. Guns intended for use should be stripped and cleaned beforehand. Hammer guns should have their rebound mechanisms checked before use. The safety mechanisms of all guns must be tested before use. All measurements are approximate.

Original Gun Specifications Derived from Gunmakers

The Sporting Gun Department endeavours to confirm a gun’s original specification and date of manufacture with makers who hold their original records.

Licensing Requirements

Firearms Act 1968 as amended

Bonhams is constantly reviewing its procedures and would remind you that, in the case of firearms or shotguns subject to certification, to conform with current legislation, Bonhams is required to see, as appropriate, your original registered firearms dealer’s certificate / shot gun certificate / firearm certificate / museum firearms licence / Section 5 authority or import licence (or details of any exemption from which you may benefit, for instance Crown servant status) for the firearm(s) you have purchased prior to taking full payment of the amount shown on your invoice. Should you not already be in possession of such an authority or exemption, you are required to initially pay a deposit of 95% of the total invoice with the balance of 5% payable on presentation of your valid certificate or licence showing your authority to hold the firearm(s) concerned.

Please be advised that if a successful Bidder is then unable to produce the correct paperwork, the Lot(s) will be reoffered by Bonhams in the next appropriate Sale, on standard terms for Sellers, and you will be responsible for any loss incurred by Bonhams on the original Sale to you.

In the case of RFD certificates and Section 5 authorities, we wish to keep an up-to-date copy on file. Please supply us with a Fax or photocopy. It would be helpful if you could send us an updated copy whenever your certificate or authority is renewed or changed.

Lots marked ‘S1´ and bearing red labels are Section 1 firearms and require a valid British Firearms certificate, RFD Licence or import licence.

Lots marked ‘S2’ and bearing blue labels are Section 2 firearms and require a valid British Shotgun certificate, RFD licence or import licence.

Lots marked ‘S5´ and bearing specially marked red labels are Section 5 prohibited firearms and require a valid Section 5 Authority or import licence.

Lots marked with a ‘S58´ and bearing yellow labels are for obsolete calibres and no licence is required unless ammunition is held. Unmarked Lots require no licence.

Please do not hesitate to contact the Modern Sporting Gun Department should you have any queries.

Taxidermy and Related Items

On behalf of the Seller of these articles, Bonhams undertakes to comply fully with Cites and DEFRA regulations. Buyers are advised to inform themselves of all such regulations and should expect the exportation of items to take some time to arrange.

18. FURNITURE

Upholstered Furniture

Whilst we take every care in cataloguing furniture which has been upholstered we offer no Guarantee as to the originality of the wood covered by fabric or upholstery.

19. JEWELLERY Gemstones

Historically many gemstones have been subjected to a variety of treatments to enhance their appearance. Sapphires and rubies are routinely heat treated to improve their colour and clarity, similarly emeralds are frequently treated with oils or resin for the same purpose. Other treatments such as staining, irradiation or coating may have been used on other gemstones. These treatments may be permanent, whilst others may need special care or re-treatment over the years to retain their appearance. Bidders should be aware that Estimates assume that gemstones may have been subjected to such treatments. A number of laboratories issue certificates that give more detailed Descriptions of gemstones. However there may not be consensus between different laboratories on the degrees, or types of treatment for any particular gemstone. In the event that Bonhams has been given or has obtained certificates for any Lot in the Sale these certificates will be disclosed in the Catalogue Although, as a matter of policy, Bonhams endeavours to provide certificates from recognised laboratories for certain gemstones, it is not feasible to obtain certificates for each Lot In the event that no certificate is published in the Catalogue, Bidders should assume that the gemstones may have been treated. Neither Bonhams nor the Seller accepts any liability for contradictions or differing certificates obtained by Buyers on any Lots subsequent to the Sale

Estimated Weights

If a stone(s) weight appears within the body of the Description in capital letters, the stone(s) has been unmounted and weighed by Bonhams If the weight of the stone(s) is stated to be approximate and does not appear in capital letters, the stone(s) has been assessed by us within its/their settings, and the stated weight is a statement of our opinion only. This information is given as a guide and Bidders should satisfy themselves with regard to this information as to its accuracy.

Signatures

1. A diamond brooch, by Kutchinsky When the maker’s name appears in the title, in Bonhams opinion the piece is by that maker.

2. A diamond brooch, signed Kutchinsky Has a signature that, in Bonhams’ opinion, is authentic but may contain gemstones that are not original, or the piece may have been altered.

3. A diamond brooch, mounted by Kutchinsky Has been created by the jeweller, in Bonhams’ opinion, but using stones or designs supplied by the client.

20. PHOTOGRAPHS

Explanation of Catalogue Terms

• “Bill Brandt”: in our opinion a work by the artist.

• “Attributed to Bill Brandt”: in our opinion probably a work by the artist, but less certainty to authorship is expressed than in the preceding category.

• “Signed and/or titled and/or dated and/or inscribed”: in our opinion the signature and/or title and/or date and/or inscription are in the artist’s hand.

• “Signed and/or titled and/or dated and/or inscribed in another hand”: in our opinion the signature and/or title and/or date and/or inscription have been added by another hand.

• The date given is that of the image (negative). Where no further date is given, this indicates that the photographic print is vintage (the term “vintage” may also be included in the Lot Description). A vintage photograph is one which was made within approximately 5-10 years of the negative. Where a second, later date appears, this refers to the date of printing. Where the exact printing date is not known, but understood to be later, “printed later” will appear in the Lot Description

• Unless otherwise specified, dimensions given are those of the piece of paper on which the image is printed, including any margins. Some photographs may appear in the Catalogue without margins illustrated.

• All photographs are sold unframed unless stated in the Lot Description 21. PICTURES

Explanation of Catalogue Terms

The following terms used in the Catalogue have the following meanings but are subject to the general provisions relating to Descriptions contained in the Contract for Sale:

• “Jacopo Bassano”: in our opinion a work by the artist. When the artist’s forename(s) is not known, a series of asterisks, followed by the surname of the artist, whether preceded by an initial or not, indicates that in our opinion the work is by the artist named;

• “Attributed to Jacopo Bassano”: in our opinion probably a work by the artist but less certainty as to authorship is expressed than in the preceding category;

• “Studio/Workshop of Jacopo Bassano”: in our opinion a work by an unknown hand in a studio of the artist which may or may not have been executed under the artist’s direction;

• “Circle of Jacopo Bassano”: in our opinion a work by a hand closely associated with a named artist but not necessarily his pupil;

• “Follower of Jacopo Bassano”: in our opinion a work by a painter working in the artist’s style, contemporary or nearly contemporary, but not necessarily his pupil;

• “Manner of Jacopo Bassano”: in our opinion a work in the style of the artist and of a later date;

• “After Jacopo Bassano”: in our opinion, a copy of a known work of the artist;

• “Signed and/or dated and/or inscribed”: in our opinion the signature and/or date and/or inscription are from the hand of the artist;

• “Bears a signature and/or date and/or inscription”: in our opinion the signature and/or date and/or inscription have been added by another hand.

22. PORCELAIN AND GLASS

Damage

and Restoration

For your guidance, in our Catalogues we attempt to detail, as far as practicable, all significant defects, cracks and restoration. Such practicable Descriptions of damage cannot be definitive, and in providing Condition Reports, we cannot Guarantee that there are no other defects present which have not been mentioned. Bidders should satisfy themselves by inspection, as to the condition of each Lot

Please see the Contract for Sale printed in this Catalogue. Because of the difficulty in determining whether an item of glass has been repolished, in our Catalogues reference is only made to visible chips and cracks. No mention is made of repolishing, severe or otherwise.

23.

VEHICLES

The Veteran Car Club of Great Britain

Dating Plates and Certificates

When mention is made of a Veteran Car Club Dating Plate or Dating Certificate in this Catalogue, it should be borne in mind that the Veteran Car Club of Great Britain using the services of Veteran Car Company Ltd, does from time to time, review cars already dated and, in some instances, where fresh evidence becomes available, the review can result in an alteration of date. Whilst the Club and Veteran Car Company Ltd make every effort to ensure accuracy, the date shown on the Dating Plate or Dating Certificate cannot be guaranteed as correct and intending purchasers should make their own enquiries as to the date of the car.

24. WINE

Lots which are lying under Bond and those liable to VAT may not be available for immediate collection.

Examining the wines

It is occasionally possible to provide a pre-Sale tasting for larger parcels (as defined below). This is generally limited to more recent and everyday drinking wines. Please contact the department for details. It is not our policy to inspect every unopened case. In the case of wines older than 20 years the boxes will usually have been opened and levels and appearance noted in the Catalogue where necessary. You should make proper allowance for variations in ullage levels and conditions of corks, capsules and labels.

Corks and Ullages

Ullage refers to the space between the base of the cork and the wine. Ullage levels for Bordeaux shaped bottles are only normally noted when below the neck and for Burgundy, Alsace, German and Cognac shaped bottles when greater than 4 centimetres (cm). Acceptable ullage levels increase with age; generally acceptable levels are as follows:

Under 15 years old – into neck or less than 4cm 15 to 30 years old – top shoulder (ts) or up to 5cm

Over 30 years old – high shoulder (hs) or up to 6cm

It should be noted that ullages may change between publication of the Catalogue and the Sale and that corks may fail as a result of transporting the wine. We will only accept responsibility for Descriptions of condition at the time of publication of the Catalogue and cannot accept responsibility for any loss resulting from failure of corks either before or after this point.

Options to buy parcels

A parcel is a number of Lots of identical size of the same wine, bottle size and Description. The Buyer of any of these Lots has the option to accept some or all of the remaining Lots in the parcel at the same price, although such options will be at the Auctioneer’s sole discretion. Absentee Bidders are, therefore, advised to bid on the first Lot in a parcel.

Wines in Bond

Wines lying in Bond are marked Δ. All Lots sold under Bond, and which the Buyer wishes to remain under Bond, will be invoiced without VAT or Duty on the Hammer Price. If the Buyer wishes to take the Lot as Duty paid, UK Excise Duty and VAT will be added to the Hammer Price on the invoice.

Buyers must notify Bonhams at the time of the sale whether they wish to take their wines under Bond or Duty paid. If a Lot is taken under Bond, the Buyer will be responsible for all VAT, Duty, clearance and other charges that may be payable thereon.

Buyers outside the UK must be aware that any forwarding agent appointed to export their purchases must have a movement certificate for Lots to be released under Bond.

Bottling Details and Case Terms

The following terms used in the Catalogue have the following meanings:

CB – Château bottled

DB – Domaine bottled

EstB – Estate bottled

BB – Bordeaux bottled

BE – Belgian bottled

FB – French bottled

GB – German bottled

OB – Oporto bottled

UK – United Kingdom bottled

owc – original wooden case

iwc – individual wooden case

oc – original carton

SYMBOLS

THE FOLLOWING SYMBOLS ARE USED TO DENOTE

Y This lot contains one or more regulated plant or animal species and is subject to CITES regulations. It is the buyer’s responsibility to investigate such regulations and to obtain any necessary import or export certificates. A buyer’s inability to obtain such certificates cannot justify a delay in payment or cancellation of a sale.

TP Objects displayed with a TP will be located at the Cadogan Tate warehouse and will only be available for collection from this location.

W Objects displayed with a w will be located in the Bonhams Warehouse and will only be available for collection from this location.

Δ Wines lying in Bond.

AR An Additional Premium will be payable to us by the Buyer to cover our Expenses relating to payment of royalties under the Artist’s Resale Right Regulations 2006, as amended. See clause 7 for details.

○ The Seller has been guaranteed a minimum price for the Lot, either by Bonhams or a third party. This may take the form of an irrevocable bid by a third party, who may make a financial gain on a successful Sale or a financial loss if unsuccessful.

▲ Bonhams owns the Lot either wholly or partially or may otherwise have an economic interest.

Ф This lot contains elephant ivory and is therefore subject to both CITES regulations and the UK Ivory Act 2018. It has been registered or has an exemption certificate allowing it to be offered for sale and sold under the provisions of the Ivory Act 2018. Property containing African elephant ivory cannot be imported to the USA. The EU and the UK have in place wide-ranging restrictions on dealing with property containing elephant ivory, including restrictions on import and/or export. It is a buyer’s responsibility to obtain any export or import licences, certifications and any other required documentation, where applicable. Bonhams is not able to assist buyers with the shipment of any lots containing elephant ivory into the US, the UK or the EU. A buyer’s inability to export or import these lots cannot justify a delay in payment or cancellation of a sale.

•, †, *, G, Ω, a see clause 8, VAT, for details.

DATA PROTECTION – USE OF YOUR INFORMATION

Where we obtain any personal information about you, we shall only use it in accordance with the terms of our Privacy Policy (subject to any additional specific consent(s) you may have given at the time your information was disclosed). A copy of our Privacy Policy can be found on our Website www.bonhams.com or requested by post from Customer Services Department, 101 New Bond Street, London, W1S 1SR or by email from info@bonhams.com

APPENDIX 1

BUYERS SALE CONTRACT WITH SELLER

IMPORTANT: These terms may be changed in advance of the Sale of the Lot to you, by the setting out of different terms in the Catalogue for the Sale and/or by placing an insert in the Catalogue and/or by notices at the Sale venue and/or on Bonhams’ website, and/or by oral announcements before and during the Sale at the Sale venue. You should be alert to this possibility of changes and ask in advance of bidding if there have been any.

Under this contract the Seller’s liability in respect of the quality of the Lot, it’s fitness for any purpose and its conformity with any Description is limited. You are strongly advised to examine the Lot for yourself and/or obtain an independent examination of it before you buy it.

1 THE CONTRACT

1.1 These terms and the relevant terms for Bidders and Buyers in the Notice to Bidders govern the Contract for Sale of the Lot by the Seller to the Buyer

1.2 The Definitions and Glossary contained in Appendix 3 in the Catalogue are incorporated into this Contract for Sale and a separate copy can also be provided by Bonhams on request. Where words and phrases are used which are in the List of Definitions, they are printed in italics.

1.3 The Seller sells the Lot as the principal to the Contract for Sale such contract being made between the Seller and you through Bonhams which acts in the sole capacity as the Seller’s agent and not as an additional principal. However, if the Catalogue states that Bonhams sells the Lot as principal, or such a statement is made by an announcement by the Auctioneer, or by a notice at the Sale, or an insert in the Catalogue, then Bonhams is the Seller for the purposes of this agreement.

1.4 The contract is made on the fall of the Auctioneer’s hammer in respect of the Lot when it is knocked down to you.

2 SELLER’S WARRANTIES AND UNDERTAKINGS

2.1 The Seller undertakes to you that:

2.1.1 the Seller is the owner of the Lot or is duly authorised to sell the Lot by the owner;

2.1.2 save as disclosed in the Entry for the Lot in the Catalogue, the Seller sells the Lot with full title guarantee or, where the Seller is an executor, trustee, liquidator, receiver or administrator, with whatever right, title or interest he may have in the Lot;

2.1.3 except where the Sale is by an executor, trustee, liquidator, receiver or administrator the Seller is both legally entitled to sell the Lot, and legally capable of conferring on you quiet possession of the Lot and that the Sale conforms in every respect with the terms implied by the Sale of Goods Act 1979, Sections 12(1) and 12(2) (see the Definitions and Glossary);

2.1.4 the Seller has complied with all requirements, legal or otherwise, relating to any export or import of the Lot, and all duties and taxes in respect of the export or import of the Lot have (unless stated to the contrary in the Catalogue or announced by the Auctioneer) been paid and, so far as the Seller is aware, all third parties have complied with such requirements in the past;

2.1.5 items consigned for sale by the Seller are not connected with or derived from any criminal activity, including without limitation tax evasion, money laundering, terrorist financing or breach of any applicable international trade sanctions;

2.1.6 subject to any alterations expressly identified as such made by announcement or notice at the Sale venue or by the Notice to Bidders or by an insert in the Catalogue or on the Bonhams website, the Lot corresponds with the Contractual Description of the Lot, being that part of the Entry about the Lot in the Catalogue which is in bold letters and (except for colour) with any photograph of the Lot in the Catalogue.

3 DESCRIPTIONS OF THE LOT

3.1 Paragraph 2.1.5 sets out what is the Contractual Description of the Lot. In particular, the Lot is not sold as corresponding with any part of the Entry in the Catalogue which is not printed in bold letters, the remainder of which Entry merely sets out (on the Seller’s behalf) Bonhams’ opinion about the Lot and which is not part of the Contractual Description upon which the Lot is sold. Any statement or representation other than that part of the Entry referred to in paragraph 2.1.5 (together with any express alteration to it as referred to in paragraph 2.1.5), including any Description or Estimate, whether made orally or in writing, including in the Catalogue or on Bonhams’ Website, or by conduct, or otherwise, and whether by or on behalf of the Seller or Bonhams and whether made prior to or during the Sale, is not part of the Contractual Description upon which the Lot is sold.

3.2 Except as provided in paragraph 2.1.5, the Seller does not make or give and does not agree to make or give any contractual promise, undertaking, obligation, guarantee, warranty, or representation of fact, or undertake any duty of care, in relation to any Description of the Lot or any Estimate in relation to it, nor of the accuracy or completeness of any Description or Estimate which may have been Bonhams. No such Description or Estimate is incorporated into this Contract for Sale

4 FITNESS FOR PURPOSE AND SATISFACTORY QUALITY

4.1 The Seller does not make and does not agree to make any contractual promise, undertaking, obligation, guarantee, warranty, or representation of fact in relation to the satisfactory quality of the Lot or its fitness for any purpose.

4.2 The Seller will not be liable for any breach of any undertaking, whether implied by the Sale of Goods Act 1979 or otherwise, as to the satisfactory quality of the Lot or its fitness for any purpose.

5 RISK, PROPERTY AND TITLE

5.1 Risk in the Lot passes to you after 7 days from the day upon which it is knocked down to you on the fall of the Auctioneer’s hammer in respect of the Lot, or upon collection of the Lot if earlier. The Seller will not be responsible thereafter for the Lot prior to you collecting it from Bonhams or the Storage Contractor, with whom you have separate contract(s) as Buyer You will indemnify the Seller and keep the Seller fully indemnified from and against all claims, proceedings, costs, expenses and losses arising in respect of any injury, loss and damage caused to the Lot beyond 7 days from the day of the fall of the Auctioneer’s hammer until you obtain full title to it.

5.2 Title to the Lot remains in and is retained by the Seller until: (i) the Purchase Price and all other sums payable by you to Bonhams in relation to the Lot have been paid in full to and received in cleared funds by Bonhams, and (ii) Bonhams has completed its investigations pursuant to clause 3.11 of the Buyer’s Agreement with Bonhams set out in Appendix 2 in the catalogue.

6 PAYMENT

6.1 Your obligation to pay the Purchase Price arises when the Lot is knocked down to you on the fall of the Auctioneer’s hammer in respect of the Lot

6.2 Time will be of the essence in relation to payment of the Purchase Price and all other sums payable by you to Bonhams Unless agreed in writing with you by Bonhams on the Seller’s behalf (in which case you must comply with the terms of that agreement), all such sums must be paid to Bonhams by you in the currency in which the Sale was conducted by not later than 4.30pm on the second working day following the Sale and you must ensure that the funds are cleared by the seventh working day after the Sale. Payment must be made to Bonhams by one of the methods stated in the Notice to Bidders unless otherwise agreed with you in writing by Bonhams. If you do not pay in full any sums due in accordance with this paragraph, the Seller will have the rights set out in paragraph 8 below.

7 COLLECTION OF THE LOT

7.1 Unless otherwise agreed in writing with you by Bonhams the Lot will be released to you or to your order only when: (i) Bonhams has received cleared funds to the amount of the full Purchase Price and all other sums owed by you to the Seller and to Bonhams and (ii) Bonhams has completed its investigations pursuant to clause 3.11 of the Buyer’s Agreement with Bonhams set out in Appendix 2 in the catalogue.

7.2 The Seller is entitled to withhold possession from you of any other Lot he has sold to you at the same or at any other Sale and whether currently in Bonhams’ possession or not, until payment in full and in cleared funds of the Purchase Price and all other sums due to the Seller and/or Bonhams in respect of the Lot

7.3 You should note that Bonhams has reserved the right not to release the Lot to you until its investigations under paragraph 3.11 of the Buyers’ Agreement set out in Appendix 2 have been completed to Bonhams’ satisfaction.

7.4 You will collect and remove the Lot at your own expense from Bonhams’ custody and/ or control or from the Storage Contractor’s custody in accordance with Bonhams’ instructions or requirements.

7.5 You will be wholly responsible for packing, handling and transport of the Lot on collection and for complying with all import or export regulations in connection with the Lot

7.6 You will be wholly responsible for any removal, storage or other charges or expenses incurred by the Seller if you do not remove

the Lot in accordance with this paragraph 7 and will indemnify the Seller against all charges, costs, including any legal costs and fees, expenses and losses suffered by the Seller by reason of your failure to remove the Lot including any charges due under any Storage Contract. All such sums due to the Seller will be payable on demand.

8 FAILURE TO PAY FOR THE LOT

8.1 If the Purchase Price for a Lot is not paid to Bonhams in full in accordance with the Contract for Sale, the Seller will be entitled, with the prior written agreement of Bonhams but without further notice to you, to exercise one or more of the following rights (whether through Bonhams or otherwise):

8.1.1 to terminate immediately the Contract for Sale of the Lot for your breach of contract;

8.1.2 to resell the Lot by auction, private treaty or any other means on giving seven days’ written notice to you of the intention to resell;

8.1.3 to retain possession of the Lot;

8.1.4 to remove and store the Lot at your expense;

8.1.5 to take legal proceedings against you for any sum due under the Contract for Sale and/or damages for breach of contract;

8.1.6 to be paid interest on any monies due (after as well as before judgement or order) at the annual rate of 5% per annum above the base rate of National Westminster Bank Plc from time to time to be calculated on a daily basis from the date upon which such monies become payable until the date of actual payment;

8.1.7 to repossess the Lot (or any part thereof) which has not become your property, and for this purpose (unless the Buyer buys the Lot as a Consumer from the Seller selling in the course of a Business) you hereby grant an irrevocable licence to the Seller by himself and to his servants or agents to enter upon all or any of your premises (with or without vehicles) during normal Business hours to take possession of the Lot or part thereof;

8.1.8 to retain possession of any other property sold to you by the Seller at the Sale or any other auction or by private treaty until all sums due under the Contract for Sale shall have been paid in full in cleared funds;

8.1.9 to retain possession of, and on three months’ written notice to sell, Without Reserve, any of your other property in the possession of the Seller and/or of Bonhams (as bailee for the Seller) for any purpose (including, without limitation, other goods sold to you) and to apply any monies due to you as a result of such Sale in satisfaction or part satisfaction of any amounts owed to the Seller or to Bonhams; and

8.1.10 so long as such goods remain in the possession of the Seller or Bonhams as its bailee, to rescind the contract for the Sale of any other goods sold to you by the Seller at the Sale or at any other auction or by private treaty and apply any monies received from you in respect of such goods in part or full satisfaction of any amounts owed to the Seller or to Bonhams by you.

8.2 You agree to indemnify the Seller against all legal and other costs of enforcement, all losses and other expenses and costs (including any monies payable to Bonhams in order to obtain the release of the Lot) incurred by the Seller (whether or not court proceedings will have been issued) as a result of Bonhams taking steps under this paragraph 8 on a full indemnity basis together with interest thereon (after as well as before judgement or order) at the rate specified in paragraph 8.1.6 from the date upon which the Seller becomes liable to pay the same until payment by you.

8.3 On any resale of the Lot under paragraph 8.1.2, the Seller will account to you in respect of any balance remaining from any monies received by him or on his behalf in respect of the Lot after the payment of all sums due to the Seller and to Bonhams, within 28 days of receipt of such monies by him or on his behalf.

9 THE SELLER’S LIABILITY

9.1 The Seller will not be liable for any injury, loss or damage caused by the Lot after the fall of the Auctioneer’s hammer in respect of the Lot

9.2 Subject to paragraph 9.3 below, except for breach of the express undertaking provided in paragraph 2.1.5, the Seller will not be liable for any breach of any term that the Lot will correspond with any Description applied to it by or on behalf of the Seller, whether implied by the Sale of Goods Act 1979 or otherwise.

9.3 Unless the Seller sells the Lot in the course of a Business and the Buyer buys it as a Consumer

9.3.1 the Seller will not be liable (whether in negligence, other tort, breach of contract or statutory duty or in restitution or under the Misrepresentation Act 1967, or in any other way) for any lack of conformity with, or inaccuracy, error, misdescription or omission in any Description of the Lot or any Entry or Estimate in relation to the Lot made by or on behalf of the Seller (whether made in writing, including in the Catalogue, or on the Website, or orally, or by conduct or otherwise) and whether made before or after this agreement or prior to or during the Sale;

9.3.2 the Seller will not be liable for any loss of Business, Business profits or revenue or income or for loss of reputation or for disruption to Business or wasted time on the part of the Buyer or of the Buyer’s management or staff or, for any indirect losses or consequential damages of any kind, irrespective in any case of the nature, volume or source of the loss or damage alleged to be suffered, and irrespective of whether the said loss or damage is caused by or claimed in respect of any negligence, other tort, breach of contract, statutory duty, restitutionary claim or otherwise;

9.3.3 in any circumstances where the Seller is liable to you in respect of the Lot, or any act, omission, statement, or representation in respect of it, or this agreement or its performance, and whether in damages, for an indemnity or contribution or for a restitutionary remedy or in any way whatsoever, the Seller’s liability will be limited to payment of a sum which will not exceed by way of maximum the amount of the Purchase Price of the Lot irrespective in any case of the nature, volume or source

of any loss or damage alleged to be suffered or sum claimed as due, and irrespective of whether the liability arises from any negligence, other tort, breach of contract, statutory duty, bailee’s duty, restitutionary claim or otherwise.

9.4 Nothing set out in paragraphs 9.1 to 9.3 above will be construed as excluding or restricting (whether directly or indirectly) any person’s liability or excluding or restricting any person’s rights or remedies in respect of (i) fraud, or (ii) death or personal injury caused by the Seller’s negligence (or any person under the Seller’s control or for whom the Seller is legally responsible), or (iii) acts or omissions for which the Seller is liable under the Occupiers Liability Act 1957, or (iv) any other liability to the extent the same may not be excluded or restricted as a matter of law.

10 MISCELLANEOUS

10.1 You may not assign either the benefit or burden of the Contract for Sale.

10.2 The Seller’s failure or delay in enforcing or exercising any power or right under the Contract for Sale will not operate or be deemed to operate as a waiver of his rights under it except to the extent of any express waiver given to you in writing. Any such waiver will not affect the Seller’s ability subsequently to enforce any right arising under the Contract for Sale

10.3 If either party to the Contract for Sale is prevented from performing that party’s respective obligations under the Contract for Sale by circumstances beyond its reasonable control or if performance of its obligations would by reason of such circumstances give rise to a significantly increased financial cost to it, that party will not, for so long as such circumstances prevail, be required to perform such obligations. This paragraph does not apply to the obligations imposed on you by paragraph 6.

10.4 Any notice or other communication to be given under the Contract for Sale must be in writing and may be delivered by hand or sent by first class post or air mail or fax transmission, if to the Seller, addressed c/o Bonhams at its address or fax number in the Catalogue (marked for the attention of the Company Secretary), and if to you to the address or fax number of the Buyer given in the Bidding Form (unless notice of any change of address is given in writing). It is the responsibility of the sender of the notice or communication to ensure that it is received in a legible form within any applicable time period.

10.5 If any term or any part of any term of the Contract for Sale is held to be unenforceable or invalid, such unenforceability or invalidity will not affect the enforceability and validity of the remaining terms or the remainder of the relevant term.

10.6 References in the Contract for Sale to Bonhams will, where appropriate, include reference to Bonhams’ officers, employees and agents and to any subsidiary of Bonhams Holdings Limited and to its officers, employees and agents.

10.7 The headings used in the Contract for Sale are for convenience only and will not affect its interpretation.

10.8 In the Contract for Sale “including” means “including, without limitation”.

10.9 References to the singular will include reference to the plural (and vice versa) and reference to any one gender will include reference to the other genders.

10.10 Reference to a numbered paragraph is to a paragraph of the Contract for Sale

10.11 Save as expressly provided in paragraph 10.12 nothing in the Contract for Sale confers (or purports to confer) on any person who is not a party to the Contract for Sale any benefit conferred by, or the right to enforce any term of, the Contract for Sale 10.12 Where the Contract for Sale confers an immunity from, and/or an exclusion or restriction of, the responsibility and/or liability of the Seller, it will also operate in favour and for the benefit of Bonhams, Bonhams’ holding company and the subsidiaries of such holding company and the successors and assigns of Bonhams and of such companies and of any officer, employee and agent of Bonhams and such companies, each of whom will be entitled to rely on the relevant immunity and/or exclusion and/or restriction within and for the purposes of Contracts (Rights of Third Parties) Act 1999, which enables the benefit of a contract to be extended to a person who is not a party to the contract, and generally at law.

11 GOVERNING LAW

All transactions to which the Contract for Sale applies and all connected matters will be governed by and construed in accordance with the laws of that part of the United Kingdom where the Sale takes place and the Seller and you each submit to the exclusive jurisdiction of the courts of that part of the United Kingdom, save that the Seller may bring proceedings against you in any other court of competent jurisdiction to the extent permitted by the laws of the relevant jurisdiction. Bonhams has a complaints procedure in place.

APPENDIX 2

BUYER’S AGREEMENT WITH BONHAMS

IMPORTANT: These terms may be changed in advance of the Sale of the Lot to you, by the setting out of different terms in the Catalogue for the Sale and/or by placing an insert in the Catalogue and/or by notices at the Sale venue and/or by oral announcements before and during the Sale at the Sale venue. You should be alert to this possibility of changes and ask in advance of bidding if there have been any.

1 THE CONTRACT

1.1 These terms govern the contract between Bonhams personally and the Buyer, being the person to whom a Lot has been knocked down by the Auctioneer

1.2 The Definitions and Glossary contained in Appendix 3 to the

Catalogue for the Sale are incorporated into this agreement and a separate copy can also be provided by us on request. Where words and phrases which are defined in the List of Definitions are used in this agreement, they are printed in italics. Reference is made in this agreement to information printed in the Notice to Bidders, printed in the Catalogue for the Sale, and where such information is referred to it is incorporated into this agreement.

1.3 Except as specified in paragraph 4 of the Notice to Bidders the Contract for Sale of the Lot between you and the Seller is made on the fall of the Auctioneer’s hammer in respect of the Lot when it is knocked down to you. At that moment a separate contract is also made between you and Bonhams on the terms in this Buyer’s Agreement

1.4 We act as agents for the Seller and are not answerable or personally responsible to you for any breach of contract or other default by the Seller, unless Bonhams sells the Lot as principal.

1.5 Our personal obligations to you are governed by this agreement and we agree, subject to the terms below, to the following obligations:

1.5.1 we will, until the date and time specified in the Notice to Bidders or otherwise notified to you, store the Lot in accordance with paragraph 5;

1.5.2 subject to any power of the Seller or us to refuse to release the Lot to you, we will release the Lot to you in accordance with paragraph 4 once you have paid to us, in cleared funds, everything due to us and the Seller and following completion of our enquiries pursuant to paragraph 3.11;

1.5.3 we will provide guarantees in the terms set out in paragraphs 9 and 10.

1.6 We do not make or give and do not agree to make or give any contractual promise, undertaking, obligation, Guarantee, warranty, representation of fact in relation to any Description of the Lot or any Estimate in relation to it, nor of the accuracy or completeness of any Description or Estimate which may have been made by us or on our behalf or by or on behalf of the Seller (whether made orally or in writing, including in the Catalogue or on Bonhams’ Website, or by conduct, or otherwise), and whether made before or after this agreement or prior to or during the Sale. No such Description or Estimate is incorporated into this agreement between you and us. Any such Description or Estimate, if made by us or on our behalf, was (unless Bonhams itself sells the Lot as principal) made as agent on behalf of the Seller

2 PERFORMANCE OF THE CONTRACT FOR SALE

You undertake to us personally that you will observe and comply with all your obligations and undertakings to the Seller under the Contract for Sale in respect of the Lot

3 PAYMENT AND BUYER WARRANTIES

3.1 Unless agreed in writing between you and us or as otherwise set out in the Notice to Bidders, you must pay to us by not later than 4.30pm on the second working day following the Sale:

3.1.1 the Purchase Price for the Lot;

3.1.2 a Buyer’s Premium in accordance with the rates set out in the Notice to Bidders on each lot, and

3.1.3 if the Lot is marked [AR], an Additional Premium which is calculated and payable in accordance with the Notice to Bidders together with VAT on that sum if applicable so that all sums due to us are cleared funds by the seventh working day after the Sale

3.2 You must also pay us on demand any Expenses payable pursuant to this agreement.

3.3 All payments to us must be made in the currency in which the Sale was conducted, using, unless otherwise agreed by us in writing, one of the methods of payment set out in the Notice to Bidders. Our invoices will only be addressed to the registered Bidder unless the Bidder is acting as an agent for a named principal and we have approved that arrangement, in which case we will address the invoice to the principal.

3.4 Unless otherwise stated in this agreement all sums payable to us will be subject to VAT at the appropriate rate and VAT will be payable by you on all such sums.

3.5 We may deduct and retain for our own benefit from the monies paid by you to us the Buyer’s Premium, the Commission payable by the Seller in respect of the Lot, any Expenses and VAT and any interest earned and/or incurred until payment to the Seller

3.6 Time will be of the essence in relation to any payment payable to us. If you do not pay the Purchase Price, or any other sum due to us in accordance with this paragraph 3, we will have the rights set out in paragraph 7 below.

3.7 Where a number of Lots have been knocked down to you, any monies we receive from you will be applied firstly pro-rata to pay the Purchase Price of each Lot and secondly pro-rata to pay all amounts due to Bonhams

3.8 You warrant that neither you nor - if you are a company, your directors, officers or your owner or their directors or shareholders - are an individual or an entity that is, or is owned or controlled by individuals or entities that are:

3.8.1 the subject of any sanctions administered or enforced by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. Departure of State, the United Nations Security Council, the European Union, His Majesty’s Treasury, or other relevant sanctions authority (“Sanctions” and a “Sanctioned Party”); or

3.8.2 located, organised or resident in a country or territory that is, or whose government is, the subject of Sanctions, including without limitation, Iran, North Korea, Sudan, Russia, and Syria); and further

3.8.3 that the property you purchase will not be transferred to or used in a country in contravention of any Sanctions administered or

enforced by the U.S, the United Nations Security Council, the European Union or His Majesty’s Treasury or any other relevant Sanctions authority.

3.9 You warrant that the funds being used for your purchase have no link with criminal activity including without limitation money laundering, tax evasion or terrorist financing, and that you not under investigation for neither have been charged nor convicted in connection with any criminal activity.

3.10 Where you are acting as agent for another party (“your Principal”), you undertake and warrant that:

3.10.1 you have conducted suitable customer due diligence into your Principal under applicable Sanctions and Anti-Money Laundering laws and regulations;

3.10.2 your Principal is not a Sanctioned Party and not owned, partially owned or controlled by a Sanctioned Party, and you have no reason to suspect that your Principal has been charged or convicted with, money laundering, terrorism or other crimes;

3.10.3 funds used for your or your Principal’s purchase are not connected with or derived from any criminal activity, including without limitation tax evasion, money laundering or terrorist financing;

3.10.4 items purchased by you and your Principal through Bonhams are not being transferred to or used in a country in contravention of any Sanctions administered or enforced by the U.S, the United Nations Security Council, the European Union or His Majesty’s Treasury or any other relevant Sanctions authority, or purchased or to be used in any way connected with or to facilitate breaches of applicable Tax, Anti-Money Laundering or Anti-Terrorism laws and regulations; and

3.10.5 that you consent to Bonhams relying upon your customer due diligence, undertaking to retain records of your due diligence for at least 5 years and to make such due diligence records available for inspection by an independent auditor in the event we request you to do so.

3.11 We reserve the rights to make enquiries about any person transacting with us and to identify the source of any funds received from you. In the event we have not completed our investigations in respect of anti-terrorism financing, anti-money laundering or other financial and identity checks concerning either you or the Seller, to our satisfaction at our discretion, we shall be entitled to retain Lots and/or proceeds of Sale, postpone or cancel any sale and to take any other actions required or permitted under applicable law, without liability to you.

4 COLLECTION OF THE LOT

4.1 Subject to any power of the Seller or us to refuse to release the Lot to you, once you have paid to us, in cleared funds, everything due to the Seller and to us, and once we have completed our investigations under paragraph 3.11, we will release the Lot to you or as you may direct us in writing. The Lot will only be released on production of a buyer collection document, obtained from our cashier’s office.

4.2 You must collect and remove the Lot at your own expense by the date and time specified in the Notice to Bidders, or if no date is specified, by 4.30pm on the seventh day after the Sale

4.3 For the period referred to in paragraph 4.2, the Lot can be collected from the address referred to in the Notice to Bidders for collection on the days and times specified in the Notice to Bidders. Thereafter, the Lot may be removed elsewhere for storage and you must enquire from us as to when and where you can collect it, although this information will usually be set out in the Notice to Bidders

4.4 If you have not collected the Lot by the date specified in the Notice to Bidders, you authorise us, acting in this instance as your agent and on your behalf, to enter into a contract (the “Storage Contract”) with the Storage Contractor for the storage of the Lot on the then current standard terms and conditions agreed between Bonhams and the Storage Contractor (copies of which are available on request). If the Lot is stored at our premises storage fees at our current daily rates (currently a minimum of £3 plus VAT per Lot per day) will be payable from the expiry of the period referred to in paragraph 4.2. These storage fees form part of our Expenses

4.5 Until you have paid the Purchase Price and any Expenses in full the Lot will either be held by us as agent on behalf of the Seller or held by the Storage Contractor as agent on behalf of the Seller and ourselves on the terms contained in the Storage Contract

4.6 You undertake to comply with the terms of any Storage Contract and in particular to pay the charges (and all costs of moving the Lot into storage) due under any Storage Contract You acknowledge and agree that you will not be able to collect the Lot from the Storage Contractor’s premises until you have paid the Purchase Price, any Expenses and all charges due under the Storage Contract

4.7 You will be wholly responsible for packing, handling and transport of the Lot on collection and for complying with all import or export regulations in connection with the Lot

4.8 You will be wholly responsible for any removal, storage, or other charges for any Lot not removed in accordance with paragraph 4.2, payable at our current rates, and any Expenses we incur (including any charges due under the Storage Contract), all of which must be paid by you on demand and in any event before any collection of the Lot by you or on your behalf.

5 STORING THE LOT

We agree to store the Lot until the earlier of your removal of the Lot or until the time and date set out in the Notice to Bidders, on the Sale Information Page or at the back of the catalogue (or if no date is specified, by 4.30pm on the seventh day after the Sale) and, subject to paragraphs 3, 6 and 10, to be responsible as bailee to you for damage to or the loss or destruction of the Lot (notwithstanding that it is not your property before payment

of the Purchase Price). If you do not collect the Lot before the time and date set out in the Notice to Bidders (or if no date is specified, by 4.30pm on the seventh day after the Sale) we may remove the Lot to another location, the details of which will usually be set out in the relevant section of the Catalogue. If you have not paid for the Lot in accordance with paragraph 3, and the Lot is moved to any third party’s premises, the Lot will be held by such third party strictly to Bonhams’ order and we will retain our lien over the Lot until we have been paid in full in accordance with paragraph 3.

6 RESPONSIBILITY FOR THE LOT

6.1 Title (ownership) in the Lot passes to you (i) on payment of the Purchase Price to us in full in cleared funds and (ii) when investigations have been completed to our satisfaction under paragraph 3.11.

6.2 Please note however, that under the Contract for Sale, the risk in the Lot passes to you after 7 days from the day upon which it is knocked down to you or upon collection of the Lot if earlier, and you are advised to obtain insurance in respect of the Lot as soon as possible after the Sale.

7 FAILURE TO PAY OR TO REMOVE THE LOT AND PART PAYMENTS

7.1 If all sums payable to us are not so paid in full at the time they are due and/or the Lot is not removed in accordance with this agreement, we will (without further notice to you unless otherwise provided below), be entitled to exercise one or more of the following rights (without prejudice to any rights we may exercise on behalf of the Seller):

7.1.1 to terminate this agreement immediately for your breach of contract;

7.1.2 to retain possession of the Lot;

7.1.3 to remove, and/or store the Lot at your expense;

7.1.4 to take legal proceedings against you for payment of any sums payable to us by you (including the Purchase Price) and/or damages for breach of contract;

7.1.5 to be paid interest on any monies due to us (after as well as before judgement or order) at the annual rate of 5% per annum above the base lending rate of National Westminster Bank Plc from time to time to be calculated on a daily basis from the date upon which such monies become payable until the date of actual payment;

7.1.6 to repossess the Lot (or any part thereof) which has not become your property, and for this purpose (unless you buy the Lot as a Consumer) you hereby grant an irrevocable licence to us, by ourselves, our servants or agents, to enter upon all or any of your premises (with or without vehicles) during normal business hours to take possession of any Lot or part thereof;

7.1.7 to sell the Lot Without Reserve by auction, private treaty or any other means on giving you three months’ written notice of our intention to do so;

7.1.8 to retain possession of any of your other property in our possession for any purpose (including, without limitation, other goods sold to you or with us for Sale) until all sums due to us have been paid in full;

7.1.9 to apply any monies received from you for any purpose whether at the time of your default or at any time thereafter in payment or part payment of any sums due to us by you under this agreement;

7.1.10 on three months’ written notice to sell, Without Reserve, any of your other property in our possession or under our control for any purpose (including other goods sold to you or with us for Sale) and to apply any monies due to you as a result of such Sale in payment or part payment of any amounts owed to us;

7.1.11 refuse to allow you to register for a future Sale or to reject a bid from you at any future Sale or to require you to pay a deposit before any bid is accepted by us at any future Sale in which case we will be entitled to apply such deposit in payment or part payment, as the case may be, of the Purchase Price of any Lot of which you are the Buyer

7.1.12 having made reasonable efforts to inform you, to release your name and address to the Seller, so they might take appropriate steps to recover the amounts due and legal costs associated with such steps.

7.2 You agree to indemnify us against all legal and other costs, all losses and all other Expenses (whether or not court proceedings will have been issued) incurred by us as a result of our taking steps under this paragraph 7 on a full indemnity basis together with interest thereon (after as well as before judgement or order) at the rate specified in paragraph 7.1.5 from the date upon which we become liable to pay the same until payment by you.

7.3 If you pay us only part of the sums due to us such payment shall be applied firstly to the Purchase Price of the Lot (or where you have purchased more than one Lot pro-rata towards the Purchase Price of each Lot) and secondly to the Buyer’s Premium (or where you have purchased more than one Lot pro-rata to the Buyer’s Premium on each Lot) and thirdly to any other sums due to us.

7.4 We will account to you in respect of any balance we hold remaining from any monies received by us in respect of any Sale of the Lot under our rights under this paragraph 7 after the payment of all sums due to us and/or the Seller within 28 days of receipt by us of all such sums paid to us.

8 CLAIMS BY OTHER PERSONS IN RESPECT OF THE LOT

8.1 Whenever it becomes apparent to us that the Lot is the subject of a claim by someone other than you and other than the Seller (or that such a claim can reasonably be expected to be made), we may, at our absolute discretion, deal with the Lot in any manner which appears to us to recognise the legitimate interests of ourselves and the other parties involved and lawfully to protect our position and our legitimate interests. Without

prejudice to the generality of the discretion and by way of example, we may:

8.1.1 retain the Lot to investigate any question raised or reasonably expected by us to be raised in relation to the Lot; and/or

8.1.2 deliver the Lot to a person other than you; and/or

8.1.3 commence interpleader proceedings or seek any other order of any court, mediator, arbitrator or government body; and/or

8.1.4 require an indemnity and/or security from you in return for pursuing a course of action agreed to by you.

8.2 The discretion referred to in paragraph 8.1:

8.2.1 may be exercised at any time during which we have actual or constructive possession of the Lot, or at any time after such possession, where the cessation of such possession has occurred by reason of any decision, order or ruling of any court, mediator, arbitrator or government body; and

8.2.2 will not be exercised unless we believe that there exists a serious prospect of a good arguable case in favour of the claim.

9 FORGERIES

9.1 We undertake a personal responsibility for any Forgery in accordance with the terms of this paragraph 9.

9.2 Paragraph 9 applies only if:

9.2.1 your name appears as the named person to whom the original invoice was made out by us in respect of the Lot and that invoice has been paid; and

9.2.2 you notify us in writing as soon as reasonably practicable after you have become aware that the Lot is or may be a Forgery, and in any event within one year after the Sale, that the Lot is a Forgery; and

9.2.3 within one month after such notification has been given, you return the Lot to us in the same condition as it was at the time of the Sale, accompanied by written evidence that the Lot is a Forgery and details of the Sale and Lot number sufficient to identify the Lot

9.3 Paragraph 9 will not apply in respect of a Forgery if:

9.3.1 the Entry in relation to the Lot contained in the Catalogue reflected the then accepted general opinion of scholars and experts or fairly indicated that there was a conflict of such opinion or reflected the then current opinion of an expert acknowledged to be a leading expert in the relevant field; or

9.3.2 it can be established that the Lot is a Forgery only by means of a process not generally accepted for use until after the date on which the Catalogue was published or by means of a process which it was unreasonable in all the circumstances for us to have employed.

9.4 You authorise us to carry out such processes and tests on the Lot as we in our absolute discretion consider necessary to satisfy ourselves that the Lot is or is not a Forgery

9.5 If we are satisfied that a Lot is a Forgery we will (as principal) purchase the Lot from you and you will transfer the title to the Lot in question to us, with full title guarantee, free from any liens, charges, encumbrances and adverse claims, in accordance with the provisions of Sections 12(1) and 12(2) of the Sale of Goods Act 1979 and we will pay to you an amount equal to the sum of the Purchase Price, Buyer’s Premium, VAT and Expenses paid by you in respect of the Lot

9.6 The benefit of paragraph 9 is personal to, and incapable of assignment by, you.

9.7 If you sell or otherwise dispose of your interest in the Lot, all rights and benefits under this paragraph 9 will cease.

9.8 Paragraph 9 does not apply to a Lot made up of or including a Chinese painting or Chinese paintings, a motor vehicle or motor vehicles, a Stamp or Stamps or a Book or Books.

10 OUR LIABILITY

10.1 We will not be liable whether in negligence, other tort, breach of contract or statutory duty or in restitution or under the Misrepresentation Act 1967 or in any other way for lack of conformity with or any inaccuracy, error, misdescription or omission in any Description of the Lot or any Entry or Estimate in respect of it, made by us or on our behalf or by or on behalf of the Seller (whether made in writing, including in the Catalogue, or on the Bonhams’ Website, or orally, or by conduct or otherwise) and whether made before or after this agreement or prior to or during the Sale

10.2 Our duty to you while the Lot is at your risk and/or your property and in our custody and/or control is to exercise reasonable care in relation to it, but we will not be responsible for damage to the Lot or to other persons or things caused by:

10.2.1 handling the Lot if it was affected at the time of Sale to you by woodworm and any damage is caused as a result of it being affected by woodworm; or

10.2.2 changes in atmospheric pressure; nor will we be liable for:

10.2.3 damage to tension stringed musical instruments; or

10.2.4 damage to gilded picture frames, plaster picture frames or picture frame glass; and if the Lot is or becomes dangerous, we may dispose of it without notice to you in advance in any manner we think fit and we will be under no liability to you for doing so.

10.3.1 We will not be liable to you for any loss of Business, Business profits, revenue or income or for loss of Business reputation or for disruption to Business or wasted time on the part of the Buyer’s management or staff or, if you are buying the Lot in the course of a Business, for any indirect losses or consequential damages of any kind, irrespective in any case of the nature, volume or source of the loss or damage alleged to be suffered, and irrespective of whether the said loss or damage is caused by or claimed in respect of any negligence, other tort, breach of contract, statutory duty, bailee’s duty, a restitutionary claim or otherwise.

10.3.2 Unless you buy the Lot as a Consumer, in any circumstances where we are liable to you in respect of a Lot, or any act,

omission, statement, representation in respect of it, or this agreement or its performance, and whether in damages, for an indemnity or contribution or for a restitutionary remedy or in any way whatsoever, our liability will be limited to payment of a sum which will not exceed by way of maximum the amount of the Purchase Price of the Lot plus Buyer’s Premium (less any sum you may be entitled to recover from the Seller) irrespective in any case of the nature, volume or source of any loss or damage alleged to be suffered or sum claimed as due, and irrespective of whether the liability arises from negligence, other tort, breach of contract, statutory duty, bailee’s duty, a restitutionary claim or otherwise.

You may wish to protect yourself against loss by obtaining insurance.

10.4 Nothing set out above will be construed as excluding or restricting (whether directly or indirectly) any person’s liability or excluding or restricting any person’s rights or remedies in respect of (i) fraud, or (ii) death or personal injury caused by our negligence (or any person under our control or for whom we are legally responsible), or (iii) acts or omissions for which we are liable under the Occupiers Liability Act 1957, or (iv) any other liability to the extent the same may not be excluded or restricted as a matter of law, or (v) under our undertaking in paragraph 9 of these conditions.

11

BOOKS MISSING TEXT OR ILLUSTRATIONS

Where the Lot is made up wholly of a Book or Books and any Book does not contain text or illustrations (in either case referred to as a “non-conforming Lot”), we undertake a personal responsibility for such a non-conforming Lot in accordance with the terms of this paragraph, if: the original invoice was made out by us to you in respect of the Lot and that invoice has been paid; and you notify us in writing as soon as reasonably practicable after you have become aware that the Lot is or may be a nonconforming Lot, and in any event within 20 days after the Sale (or such longer period as we may agree in writing) that the Lot is a non-conforming Lot; and within 20 days of the date of the relevant Sale (or such longer period as we may agree in writing) you return the Lot to us in the same condition as it was at the time of the Sale, accompanied by written evidence that the Lot is a non-conforming Lot and details of the Sale and Lot number sufficient to identify the Lot.but not if: the Entry in the Catalogue in respect of the Lot indicates that the rights given by this paragraph do not apply to it; or the Entry in the Catalogue in respect of the Lot reflected the then accepted general opinion of scholars and experts or fairly indicated that there was a conflict of such opinion; or it can be established that the Lot is a non-conforming Lot only by means of a process not generally accepted for use until after the date on which the Catalogue was published or by means of a process which it was unreasonable in all the circumstances for us to have employed; or the Lot comprises atlases, maps, autographs, manuscripts, extra illustrated books, music or periodical publications; or the Lot was listed in the Catalogue under “collections” or “collections and various” or the Lot was stated in the Catalogue to comprise or contain a collection, issue or Books which are undescribed or the missing text or illustrations are referred to or the relevant parts of the Book contain blanks, half titles or advertisements.

If we are reasonably satisfied that a Lot is a non- conforming Lot, we will (as principal) purchase the Lot from you and you will transfer the title to the Lot in question to us, with full title guarantee, free from any liens, charges, encumbrances and adverse claims and we will pay to you an amount equal to the sum of the Purchase Price and Buyer’s Premium paid by you in respect of the Lot

The benefit of paragraph 10 is personal to, and incapable of assignment by, you and if you sell or otherwise dispose of your interest in the Lot, all rights and benefits under this paragraph will cease.

12 MISCELLANEOUS

12.1 You may not assign either the benefit or burden of this agreement.

12.2 Our failure or delay in enforcing or exercising any power or right under this agreement will not operate or be deemed to operate as a waiver of our rights under it except to the extent of any express waiver given to you in writing. Any such waiver will not affect our ability subsequently to enforce any right arising under this agreement.

12.3 If either party to this agreement is prevented from performing that party’s respective obligations under this agreement by circumstances beyond its reasonable control (including without limitation governmental intervention, industrial action, insurrection, warfare (declared or undeclared), terrorism, power failure, epidemic or natural disaster) or if performance of its obligations would by reason of such circumstances give rise to a significantly increased financial cost to it, that party will not, for so long as such circumstances prevail, be required to perform such obligations. This paragraph does not apply to the obligations imposed on you by paragraph 3.

12.4 Any notice or other communication to be given under this agreement must be in writing and may be delivered by hand or sent by first class post or air mail or fax transmission (if to Bonhams marked for the attention of the Company Secretary), to the address or fax number of the relevant party given in the Contract Form (unless notice of any change of address is given in writing). It is the responsibility of the sender of the notice or communication to ensure that it is received in a legible form within any applicable time period.

12.5 If any term or any part of any term of this agreement is held to be unenforceable or invalid, such unenforceability or invalidity

will not affect the enforceability and validity of the remaining terms or the remainder of the relevant term.

12.6 References in this agreement to Bonhams will, where appropriate, include reference to Bonhams’ officers, employees and agents.

12.7 The headings used in this agreement are for convenience only and will not affect its interpretation.

12.8 In this agreement “including” means “including, without limitation”.

12.9 References to the singular will include reference to the plural (and vice versa) and reference to any one gender will include reference to the other genders.

12.10 Reference to a numbered paragraph is to a paragraph of this agreement.

12.11 Save as expressly provided in paragraph 12.12 nothing in this agreement confers (or purports to confer) on any person who is not a party to this agreement any benefit conferred by, or the right to enforce any term of, this agreement.

12.12 Where this agreement confers an immunity from, and/or an exclusion or restriction of, the responsibility and/or liability of Bonhams, it will also operate in favour and for the benefit of Bonhams’ holding company and the subsidiaries of such holding company and the successors and assigns of Bonhams and of such companies and of any officer, employee and agent of Bonhams and such companies, each of whom will be entitled to rely on the relevant immunity and/or exclusion and/ or restriction within and for the purposes of Contracts (Rights of Third Parties) Act 1999, which enables the benefit of a contract to be extended to a person who is not a party to the contract, and generally at law.

13 GOVERNING LAW

All transactions to which this agreement applies and all connected matters will be governed by and construed in accordance with the laws of that part of the United Kingdom where the Sale takes (or is to take) place and we and you each submit to the exclusive jurisdiction of the courts of that part of the United Kingdom, save that we may bring proceedings against you in any other court of competent jurisdiction to the extent permitted by the laws of the relevant jurisdiction. Bonhams has a complaints procedure in place.

DATA PROTECTION – USE OF YOUR INFORMATION

Where we obtain any personal information about you, we shall only use it in accordance with the terms of our Privacy Policy (subject to any additional specific consent(s) you may have given at the time your information was disclosed). A copy of our Privacy Policy can be found on our Website www.bonhams.com or requested by post from Customer Services Department, 101 New Bond Street, London W1S 1SR, United Kingdom or by email from info@bonhams.com.

APPENDIX 3

DEFINITIONS AND GLOSSARY

Where these Definitions and Glossary are incorporated, the following words and phrases used have (unless the context otherwise requires) the meanings given to them below. The Glossary is to assist you to understand words and phrases which have a specific legal meaning with which you may not be familiar.

LIST OF DEFINITIONS

“Account” the bank account of Bonhams into which all sums received in respect of the Purchase Price of any Lot will be paid.

“Additional Premium” a premium, calculated in accordance with the Notice to Bidders, to cover Bonhams’ Expenses relating to the payment of royalties under the Artist’s Resale Right Regulations 2006, as amended, which is payable by the Buyer to Bonhams on any Lot marked [AR] which sells for a Hammer Price which together with the Buyer’s Premium (but excluding any VAT) equals or exceeds 1000 pounds.

“Auctioneer” the representative of Bonhams conducting the Sale

“Bidder” Any person considering, attempting or making a Bid, including those who have completed a Bidding Form

“Bidding Form” our Bidding Registration Form, our Absentee Bidding Form or our Telephone Bidding Form.

“Bonhams” Bonhams 1793 Limited or its successors or assigns. Bonhams is also referred to in the Buyer’s Agreement, the Conditions of Business and the Notice to Bidders by the words “we”, “us” and “our”.

“Book” a printed Book offered for Sale at a specialist Book Sale

“Business” includes any trade, Business and profession.

“Buyer” the person to whom a Lot is knocked down by the Auctioneer. The Buyer is also referred to in the Contract for Sale and the Buyer’s Agreement by the words “you” and “your”.

“Buyer’s Agreement” the contract entered into by Bonhams with the Buyer (see Appendix 2 in the Catalogue).

“Buyer’s Premium” the sum calculated on the Hammer Price at the rates stated in the Notice to Bidders

“Catalogue” the Catalogue relating to the relevant Sale, including any representation of the Catalogue published on our Website

“Commission” the Commission payable by the Seller to Bonhams calculated at the rates stated in the Contract Form

“Condition Report” a report on the physical condition of a Lot provided to a Bidder or potential Bidder by Bonhams on behalf of the Seller

“Conditions of Sale” the Notice to Bidders, Contract for Sale, Buyer’s Agreement and Definitions and Glossary.

“Consignment Fee” a fee payable to Bonhams by the Seller calculated at rates set out in the Conditions of Business.

“Consumer” a natural person who is acting for the relevant purpose outside his trade, Business or profession.

“Contract Form” the Contract Form, or vehicle Entry form, as applicable, signed by or on behalf of the Seller listing the Lots to be offered for Sale by Bonhams

“Contract for Sale” the Sale contract entered into by the Seller with the Buyer (see Appendix 1 in the Catalogue).

“Contractual Description” the only Description of the Lot (being that part of the Entry about the Lot in the Catalogue which is in bold letters, any photograph (except for the colour) and the contents of any Condition Report) to which the Seller undertakes in the Contract of Sale the Lot corresponds.

“Description” any statement or representation in any way descriptive of the Lot, including any statement or representation relating to its authorship, attribution, condition, provenance, authenticity, style, period, age, suitability, quality, origin, value, estimated selling price (including the Hammer Price).

“Entry” a written statement in the Catalogue identifying the Lot and its Lot number which may contain a Description and illustration(s) relating to the Lot

“Estimate” a statement of our opinion of the range within which the hammer is likely to fall.

“Expenses” charges and Expenses paid or payable by Bonhams in respect of the Lot including legal Expenses, banking charges and Expenses incurred as a result of an electronic transfer of money, charges and Expenses for loss and damage cover, insurance, Catalogue and other reproductions and illustrations, any customs duties, advertising, packing or shipping costs, reproductions rights’ fees, taxes, levies, costs of testing, searches or enquiries, preparation of the Lot for Sale, storage charges, removal charges, removal charges or costs of collection from the Seller as the Seller’s agents or from a defaulting Buyer, plus VAT if applicable.

“Forgery” an imitation intended by the maker or any other person to deceive as to authorship, attribution, origin, authenticity, style, date, age, period, provenance, culture, source or composition, which at the date of the Sale had a value materially less than it would have had if the Lot had not been such an imitation, and which is not stated to be such an imitation in any description of the Lot. A Lot will not be a Forgery by reason of any damage to, and/or restoration and/ or modification work (including repainting or over painting) having been carried out on the Lot, where that damage, restoration or modification work (as the case may be) does not substantially affect the identity of the Lot as one conforming to the Description of the Lot.

“Guarantee” the obligation undertaken personally by Bonhams to the Buyer in respect of any Forgery and, in the case of specialist Stamp Sales and/or specialist Book Sales, a Lot made up of a Stamp or Stamps or a Book or Books as set out in the Buyer’s Agreement.

“Hammer Price” the price in the currency in which the Sale is conducted at which a Lot is knocked down by the Auctioneer.

“Loss and Damage Warranty” means the warranty described in paragraph 8.2 of the Conditions of Business.

“Loss and Damage Warranty Fee” means the fee described in paragraph 8.2.3 of the Conditions of Business.

“Lot” any item consigned to Bonhams with a view to its Sale at auction or by private treaty (and reference to any Lot will include, unless the context otherwise requires, reference to individual items comprised in a group of two or more items offered for Sale as one Lot).

“Motoring Catalogue Fee” a fee payable by the Seller to Bonhams in consideration of the additional work undertaken by Bonhams in respect of the cataloguing of motor vehicles and in respect of the promotion of Sales of motor vehicles.

“New Bond Street” means Bonhams’ saleroom at 101 New Bond Street, London W1S 1SR.

“Notional Charges” the amount of Commission and VAT which would have been payable if the Lot had been sold at the Notional Price “Notional Fee” the sum on which the Consignment Fee payable to Bonhams by the Seller is based and which is calculated according to the formula set out in the Conditions of Business.

“Notional Price” the latest in time of the average of the high and low Estimates given by us to you or stated in the Catalogue or, if no such Estimates have been given or stated, the Reserve applicable to the Lot “Notice to Bidders” the notice printed at the back or front of our Catalogues

“Purchase Price” the aggregate of the Hammer Price and VAT on the Hammer Price (where applicable), the Buyer’s Premium and VAT on the Buyer’s Premium and any Expenses.

“Reserve” the minimum price at which a Lot may be sold (whether at auction or by private treaty).

“Sale” the auction Sale at which a Lot is to be offered for Sale by Bonhams.

“Sale Proceeds” the net amount due to the Seller from the Sale of a Lot, being the Hammer Price less the Commission, any VAT chargeable thereon, Expenses and any other amount due to us in whatever capacity and howsoever arising.

“Seller” the person who offers the Lot for Sale named on the Contract Form. Where the person so named identifies on the form another person as acting as his agent, or where the person named on the Contract Form acts as an agent for a principal (whether such agency is disclosed to Bonhams or not), “Seller” includes both the agent and the principal who shall be jointly and severally liable as such. The Seller is also referred to in the Conditions of Business by the words “you” and “your”.

“Specialist Examination” a visual examination of a Lot by a specialist on the Lot

“Stamp” means a postage Stamp offered for Sale at a Specialist Stamp Sale

“Standard Examination” a visual examination of a Lot by a nonspecialist member of Bonhams’ staff.

“Storage Contract” means the contract described in paragraph 8.3.3 of the Conditions of Business or paragraph 4.4 of the Buyer’s Agreement (as appropriate).

“Storage Contractor” means the company identified as such in the Catalogue.

“Terrorism” means any act or threatened act of terrorism, whether any person is acting alone or on behalf of or in connection with any organisation(s) and/or government(s), committed for political, religious or ideological or similar purposes including, but not limited to, the intention to influence any government and/or put the public or any section of the public into fear.

“VAT” value added tax at the prevailing rate at the date of the Sale in the United Kingdom.

“Website” Bonhams Website at www.bonhams.com

“Withdrawal Notice” the Seller’s written notice to Bonhams revoking Bonhams’ instructions to sell a Lot

“Without Reserve” where there is no minimum price at which a Lot may be sold (whether at auction or by private treaty).

GLOSSARY

The following expressions have specific legal meanings with which you may not be familiar. The following glossary is intended to give you an understanding of those expressions but is not intended to limit their legal meanings:

“artist’s resale right”: the right of the creator of a work of art to receive a payment on Sales of that work subsequent to the original Sale of that work by the creator of it as set out in the Artist’s Resale Right Regulations 2006, as amended.

“bailee”: a person to whom goods are entrusted.

“indemnity”: an obligation to put the person who has the benefit of the indemnity in the same position in which he would have been, had the circumstances giving rise to the indemnity not arisen and the expression “indemnify” is construed accordingly.

“interpleader proceedings”: proceedings in the Courts to determine ownership or rights over a Lot

“knocked down”: when a Lot is sold to a Bidder, indicated by the fall of the hammer at the Sale.

“lien”: a right for the person who has possession of the Lot to retain possession of it.

“risk”: the possibility that a Lot may be lost, damaged, destroyed, stolen, or deteriorate in condition or value.

“title”: the legal and equitable right to the ownership of a Lot

“tort”: a legal wrong done to someone to whom the wrong doer has a duty of care.

“warranty”: a legal assurance or promise, upon which the person to whom the warranty was given has the right to rely.

OF GOODS ACT 1979

SALE

The following is an extract from the Sale of Goods Act 1979:

“Section 12 Implied terms about title, etc

(1) In a contract of sale, other than one to which subsection (3) below applies, there is an implied term on the part of the seller that in the case of a sale he has a right to sell the goods, and in the case of an agreement to sell he will have such a right at the time when the property is to pass.

(2) In a contract of sale, other than one to which subsection (3) below applies, there is also an implied term that-

(a) the goods are free, and will remain free until the time when the property is to pass, from any charge or encumbrance not disclosed or known to the buyer before the contract is made, and

(b) the buyer will enjoy quiet possession of the goods except in so far as it may be disturbed by the owner or other person entitled to the benefit of any charge or encumbrance so disclosed or known.

(3) This subsection applies to a contract of sale in the case of which there appears from the contract or is to be inferred from its circumstances an intention that the seller should transfer only such title as he or a third person may have.

(4) In a contract to which subsection (3) above applies there is an implied term that all charges or encumbrances known to the seller and not known to the buyer have been disclosed to the buyer before the contract is made.

(5) In a contract to which subsection (3) above applies there is also an implied term that none of the following will disturb the buyer’s quiet possession of the goods, namely:

(a) the seller;

(b) in a case where the parties to the contract intend that the seller should transfer only such title as a third person may have, that person;

(c) anyone claiming through or under the seller or that third person otherwise than under a charge or encumbrance disclosed or known to the buyer before the contract is made.

(5A) As regards England and Wales and Northern Ireland, the term implied by subsection (1) above is a condition and the terms implied by subsections (2), (4) and (5) above are warranties.”

Registration and Bidding Form

(Attendee / Absentee / Telephone Bidding)

Please circle your bidding method above.

The Sale, including all bidding and buying, is governed by Bonhams’ Conditions of Sale. You should read the Conditions and any Sales Information prior to bidding and ensure you understand the charges payable on any purchase you make. The Conditions also set out certain undertakings by bidders and buyers and limits Bonhams’ liability to you. Please note an invoice for a purchased lot will be made out in the name as shown on this form and payment will only be accepted from an account in that name (or the name of the company if the bid is on behalf of that company).

Data protection

Where we obtain any personal information about you when you register or bid with us, we shall only use it in accordance with the terms of our Privacy Policy. A copy of our Privacy Policy can be found on our website (www.bonhams.com) or requested by post from Customer Services Department, 101 New Bond Street, London W1S 1SR United Kingdom or by e-mail from info@bonhams.com.

We may from time to time provide you with information about goods and services that we believe may interest you, based on your previous interactions with us. You can opt out of receiving these communications at any time. If you do not want to receive such communications, please tick this box

Notice to Bidders.

At least 24 hours prior to the Sale, you must provide government issued photo ID, e.g., a passport or driving licence and - if not included on the ID document - proof of address, e.g., a current utility bill, or bank/credit card statement. Corporate clients must also provide their company registration documents, documentary proof of beneficial owners owning 25% or more of the company and confirmation of the named individual’s authority to act. Failure to provide these documents may result in your bids not being processed. Clients who are not able to provide documents prior to Sale may opt to bid online using our credit card verification option. Please note we reserve the right to request a bank reference or deposit.

If successful

I will collect the purchases myself

Please arrange shippers to contact me with a quote and I agree that you may pass them my contact details.

Paddle number

If you are not attending the sale in person, please provide details of the Lots on which you wish to bid at least 24 hours prior to the sale. Bids will be rounded down to the nearest increment. Please refer to the Notice to Bidders in the catalogue for further information relating to Bonhams executing telephone, online or absentee bids on your behalf. Bonhams will endeavour to execute these bids on your behalf but will not be liable for any errors or failing to execute bids.

General Bid Increments:

£10 - 200 by 10s

£200 - 500 by 20 / 50 / 80s

£500 - 1,000 by 50s

£1,000 - 2,000 by 100s

£2,000 - 5,000 by 200 / 500 / 800s

£5,000 - 10,000 by 500s

£10,000 - 20,000 by 1,000s

£20,000 - 50,000 by 2,000 / 5,000 / 8,000s

£50,000 - 100,000 by 5,000s

£100,000 - 200,000 by 10,000s above £200,000 at the auctioneer’s discretion

The auctioneer has discretion to split any bid at any time.

Company name (if applicable)

Company Registration number (if applicable)

Post / Zip code

Telephone (mobile)

Telephone (landline)

E-mail (in capitals)

Please answer all questions below

1. ID supplied: Government issued ID and (if the ID does not confirm your address) current utility bill/ bank statement. If a company, please provide the Certificate of Incorporation, your ID (as above) (plus, if not a director, a letter authorising you to act), and documentary evidence of the company’s beneficial owners

2. Are you representing the Bidder? If yes, please complete question 3.

3. Bidder's name, address and contact details (phone and email): Bidder’s ID: Government issued ID and (if the ID does not confirm their address) current utility bill/bank statement

Are you acting in a business capacity? Yes No

If registered for VAT in the EU please enter your registration here: /

Please note that all telephone calls may be recorded.

THE APPLICABLE BUYER’S PREMIUM, VAT AND ANY OTHER CHARGES DUE. THIS AFFECTS YOUR LEGAL RIGHTS.

Bidder/Agent’s (please delete one) signature:

Please email or post the completed Auction Registration form and requested information to: Bonhams, Customer Services, 101 New Bond Street, London, W1S 1SR. Tel: +44 (0) 20 7447 7447, bids@bonhams.com Bonhams 1793 Limited. Montpelier Street, London SW7 1HH. Incorporated in England. Company Number 4326560.

Date: