DEGAS EDGAR (1834-1917).

43 - THE ARISTOPHIL COLLECTIONS - FROM CRANACH TO PICASSO

CONSULTATION BY APPOINTMENT :

NEUILLY-SUR-SEINE

FROM 13 SEPTEMBER

PUBLIC EXHIBITION :

TUESDAY 21 AND WEDNESDAY 22 SEPTEMBER: 10AM TO 1PM - 2PM TO 6PM

THE MORNING OF THE SALE: 10AM TO 12PM

AUCTIONEERS :

CLAUDE AGUTTES - SOPHIE PERRINE

IN CHARGE OF THE SALE :

SOPHIE PERRINE

Authorized auctioneer

perrine@aguttes.com

+33 (0)1 41 92 06 44

Assisted by :

Maud Vignon

+33 (0)1 47 45 91 59

EXPERT FOR THIS SALE :

MANUSCRIPTS AND AUTOGRAPHS

THIERRY BODIN

FRENCH UNION OF PROFESSIONAL EXPERTS IN WORKS OF ART

+33 (0)1 45 48 25 31

lesautographes@wanadoo.fr

INFORMATION :

QUITERIE BARIÉTY

+33 (0)1 47 45 00 91

bariety@aguttes.com

Purchased lots will become available only after full payment has been made. The sale will be conducted in Euros. In addition to the hammer price, the buyer agrees to pay a buyer’s premium along with any applicable value added tax.

Buyers will pay, in addition to the bids, a fee of 25% exclusive of tax, so 30% inclusive of tax. Books (25% + VAT amounting to 26,375%).

In addition to the hammer price and buyer’s premium, live auction buyers will pay a 1,80% TTC (fees 1,5% HT + 0,30% VAT) commission to the Drouot Digital platform.

NB :

+ Auction by order of the court further to a prescription of the court, buyers fees 14,40% VTA included.

° Lots on which the auction house or its partners have a financial interest

* Lots which have been temporarily imported and are subject to a buyer’s fee of 5.5% (20% for jewelry, motorcars, wines and spirits and multiples – F1 helmet) in addition to the hammer price and sale fees.

# An appointment is required to see the piece

~ This lot contains animal materials. Import restrictions are to be expected and must be considered.

The legislator imposes strict rules for the commercial use of inert animal species. The international regulations of March 3, 1973 (CITES) requires for different annexes a correlation between the specimen and the documentation proving the origins to be lawful. This regulation transcribed in European Community law (Annexes A/B/C) in Rule 338/97 of 9/12/1996 permits commercial use of regulated specimens (CITES) upon presentation of documentation proving lawful origin; these documents for this variation are as follows:

• For Annex A: C/C provided outlining the specimen’s history (for specimens of recent date)

• For Annex B: Bird specimens are either banded or equipped with transponders, and are accompanied by documents of licit origin. The auction’s sale record must be conserved as it contains the complete history of every specimen.

All cases concerning specimens of recent date that are protected under the French Environmental Code and which were born and raised in captivity are permitted by the derogation clause AM of 14/07/2006. As such, they can be used commercially provided traceability between the specimen and the documentation proving licit origins. Other specimen cases dating prior to clause AM of 21/07/2015 can, due to this fact, be used commercially. Specimens dating before 1947 included in this auction sale benefit from clause 2M of the derogatory Rule 228/97 of 9/12/1996, permitting their use for trade. However, exporting them outside of the EU them requires a pre-CITES Convention agreement.

For huntable species of the European continent and elsewhere, commercial use is allowed under certain conditions. Domesticated species (D) included in this auction sale are free for trade. Old specimens from before the Convention (i.e. before 1975) comply with the conditions of the AM of 23/12/2011 and, as such, are free for trade.

The other specimens in this auction sale are not subject to NR regulations and are free for commercial use and trade. The auction record will substantiate their licit origin.

To leave the EU, with regards to the Annexes I/A, II/B et III/C, a CITES re-export document at the expense of the acquirer will be necessary.

GUARANTEES

The SAS Claude Aguttes is bound by the indications stated in the catalogue, modified only by announcements made at the time of the sale noted in the legal records thereof.

Attributions were made according to scientific and artistic knowledge at the time of the auction.

An exhibition prior to the sale permits buyers to establish the conditions of the works offered for sale and no claims will be accepted after the hammer has fallen. Some difference may appear between the original work and its illustration, there will be no claims in such matter. The French text is the official text that will be retained in the event of a dispute. The descriptions in other languages and the indications of dimensions in inches are given only as an indication and cannot be at the origin of a complaint.

The condition of the works is not specified in the catalogue, buyers are required to study them personally. No requests will be accepted concerning restorations once the hammer has fallen.

Any condition report requested from SAS Claude Aguttes and the expert before the sale is provided as an indication only.

It shall by no means incur their liability may not constitute a basis for legal claim after the sale. It cannot replace a personal examination of the work by the buyer or his representative.

BIDS

The highest and final bidder will be the purchaser.

Should the auctioneer recognize two simultaneous bids on one lot, the lot will be put up for sale again and all those present in the saleroom may participate in this second opportunity to bid.

Important: Bidding is typically conducted in the auction house. However, we may graciously accept telephone bids from potential buyers who have made the request.

We bear no responsibility whatsoever in the case of uncompleted calls made too late and/or technical difficulties with the telephone. We also accept absentee bids submitted prior to the sale. Aguttes won’t be held responsible in case of errors and omissions with the execution of the written bids. We reserve the right to accept or deny any requests for telephone or absentee bidding.

In carrying a bid, bidders assume their personal responsibility to pay the hammer price as well as all buyer’s fees and taxes chargeable to the buyer. Unless a written agreement established with Claude AGUTTES SAS, prerequisite to the sale, mentioning that the bidder acts as a representative of a third party approved by Claude AGUTTES SAS, the bidder is deemed to act in his or her own name.

We remind our sellers that bidding on their own items is forbidden.

BIDS THROUGH DROUOT DIGITAL OR OTHER LIVE PLATFORM

Live bidding is allowed during the auction. Bids are made through drouotonline.com, which is a platform that allows remote electronic bidding.

Aguttes auction house will not be to blame for any technical difficulties or malfunctioning of any kind that prevents buyers from bidding online through live platforms. The break in transmission of a live bidding service during the auction doesn’t necessarily justify its halt by the auctioneer.

COLLECTION OF PURCHASES

The lots not claimed on the day of the auction can be retrieved by appointment : please contact the person in charge.

For lots placed in warehouses, costs and expenses will be at the For lots stored at Aguttes – except specific conditions if mentioned (Mobilier & objets d’art & Design) – buyers are advised that the following storage costs will be charged :

- 15 € / day for lots < € 10,000, and 30 € / day for lots > € 10,000

- 3 € / day for any other lot < 1m3 & 5 € / day / m3 for the ones > 1m3.

Buyers are advised to collect successful lots as soon as possible to avoid handling and storage costs which will be required before collection of purchase.

The auctioneer is not responsible for the storage of purchased lots. If payment is made by wire transfer, lots may not be withdrawn until the payment has been cleared, foreign cheques are not accepted.

From the moment the hammer falls, sold items will become the exclusive responsability of the buyer. The buyer will be solely responsible for the insurance, L’Hôtel des Ventes de Neuilly assumes no liability for any damage to items which may occur after the hammer falls.

The purchased lots will be delivred to the buyer in person. Should the buyer wish to have his/her lot delivered to a third party the person must have a letter of authorization along with a photocopy of the identity card of the buyer.

Export formalities can take 4 months to process and are the buyer’s responsability. Please contact the Hôtel des ventes de Neuilly if you need more information concerning this particular matter.

PAYMENT

We recommend that buyers pay by credit card or electronic bank transfer.

In compliance with Article L.321-14 of French commercial law, a property sold at auction can be delivered to the buyer only once the auction firm has received payment or complete guarantee of payment.

Legally accepted means of payment include:

• Cash (article L.112-6, L.112-8 and Article Article L.112-8 paragraph 2 of the Monetary and Financial Code)

· max. 1 000 €

· max. 15 000 € for private individuals who have their tax domicile abroad (upon presentation of a valid passport)

• Payment on line (max 10 000 €) : http://www.aguttes.com/paiement/index.jsp

• Electronic bank transfer

The exact amount of the invoice from the buyer’s account and indicating the invoice number. (Note: Bank charges are the buyer’s responsibility.)

Banque de Neuflize, 3 avenue Hoche 75008

Titulaire du compte : Claude AGUTTES SAS

Code Banque 30788 – Code guichet 00900

N° compte 02058690002 – Clé RIB 23

IBAN FR76 3078 8009 0002 0586 9000 223

BIC NSMBFRPPXXX

• Credit cards: 1.1% TTC commission will be charged for lots > 50 000€.

• American Express: 2.95%TTC commission will be charged.

• Distance payments and multi-payments for one lot with the same card are not allowed.

• Cheques (if no other means of payment is possible)

· Upon presentation of two pieces of identification

· Important: Delivery is possible after 20 days

· Cheques will be deposited immediately. No delays will be accepted.

· Payment with foreign cheques will not be accepted.

PAYMENT DEFAULT

Settlements are cash.

In the event of late payment on winning bids SAS CLAUDE AGUTTES will claim the legal rate of interest, plus five percent. A minimum fee of €500 will also be due for any other costs incurred by reason of default, including the following in the case of resale on false bidding:

- The difference between the price at which the lot was auctioned and the price obtained at its resale;

- The costs incurred by new auctioning.

LAW AND JURISDICTION

In accordance with the law, it is added that all actions in public liability instituted on the occasion of valuation and of voluntary and court-ordered auction sales are barred at the end of five years from the hammer price or valuation. These Conditions of purchase are governed by French law exclusively. Any dispute relating to their existence, their validity and their binding effect on any bidder or buyer shall be submitted to the exclusive jurisdiction of the Courts of France.

If a customer feels that he or she has not received a satisfactory response, he or she is advised to contact the head of the relevant department directly, as a matter of priority. In the absence of a response within the specified time limit, the customer may then contact customer service at serviceclients@aguttes.com, which is attached to the Quality Department of SVV Aguttes.