Jewellery & Watches Upcoming Auction 2018/2019

Jewellery & Watches Upcoming Auction 2018/2019

Jewellery & Watches Upcoming Auction 2018/2019

JEWELLERY & WATCHES HÔTEL METROPOLE MONACO 30th JUNE

Jewellery & Watches Upcoming Auction 2018/2019
Jewellery & Watches Upcoming Auction 2018/2019

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Jewellery & Watches Upcoming Auction 2018/2019

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Jewellery & Watches Upcoming Auction 2018/2019

3 Exhibition Previeux : THURSDAY JUNE 28, 2018 AT 17:00 EXHIBITION FRIDAY JUNE 29 11:00 - 14:00 SATURDAY JUNE 30 09:00 - 11:00 25, Avenue de la Costa - 98000 Monaco Tel: +377 97773980 www.hermitagefineart.com PAR LE MINISTERE DE MAITRE CLAIRE NOTARI HUISSIER DE JUSTICE A MONACO JEWELLERY & WATCHES SESSION 1 / RUSSIAN ART FRIDAY JUNE 29, 2018 - 14:00 SESSION 2 / MANUSCRIPTS SATURDAY JUNE 30, 2018 - 11:00 SESSION 3 / JEWELLERY SATURDAY JUNE 30, 2018 - 15:00 Hotel Metropole - 4 avenue de la Madone - 98000 MONACO Inquiries - tel: +377 97773980 - Email: info@hermitagefineart.com

Jewellery & Watches Upcoming Auction 2018/2019

SPECIALISTS AND AUCTION ENQUIRIES Ivan Terny C.E.O. Ekaterina Tendil Head of European Departement Contact : Tel: +377 97773980 Fax: +377 97971205 info@hermitagefineart.com Victoria Matyunina PR & Event Manager TRANSPORTATION Elena Efremova Director Hélène Foutermann Expert Jewellery Member of the European Chamber of Expert Advisors in Fine Art Julia Karpova Art Director Alessandro Conelli President

Jewellery & Watches Upcoming Auction 2018/2019

5 We dedicate our first jewellery and watches catalogue to Louis Cartier (1875-1942), the skilled watchmaker and jeweller whose inventions defined an entire epoch and became a symbol for design and the most exquisite craftsmanship. Grandson of Francois-Louis Cartier, who founded The House of Cartier in 1847, Louis Cartier is the creator of the legendary Tank watch. Symbol of Modern Art, we celebrate this year the centenary anniversary of his invention. First model was offered to General Pershing. Cartier has been known for supplying royalty and the aristocracy. Tank watches were favoured by Gary Cooper, Catherine Deneuve, Mohamed Ali, Princess Diana, Andy Warhol and Madonna. Cartier, Leading family in watchmaking has offered clocks and watches since 1853. Masterworks of Art Deco created by Louis Cartier and his followers included jewellery, timepieces and smoking items. They were remarkable for their geometric lines and abstract shapes.

Jewellery & Watches Upcoming Auction 2018/2019

6 801 • Importantaquamarineandpearlnecklace Pink freshwater pearls set with a rectangle size aquamarine surrounded by diamonds, white gold clasp and diamonds. Weight: 146 grs 8,000 – 10,000 ¤ 802 • Natural pearls ring 1930’s Period 18k gold, Weight: 7,6 grs 1,800 – 2,000 ¤ 803 • Pearls earrings Faraone - Milan South sea pearls Set with circa 8cts marquise-cut diamonds 9,000 – 10,000 ¤ 804 • Pearl ring Important south sea pearl Set with circa 2,1cts diamonds Can make a set with previous lot 5,000 – 6,000 ¤ 805 • Heart ring Heart cut diamond 0,72ct Set with brilliant cut diamonds 3,000 – 4,000 ¤ 806 • Impressive ring Gold set with sapphire and deep purple amethyst 4,000 – 5,000 ¤ 806 805

Jewellery & Watches Upcoming Auction 2018/2019

7 801 803 802 804

Jewellery & Watches Upcoming Auction 2018/2019

8 807 • Gold bracelet with cameo incised amethyst XIX Century period Braided yellow gold bracelet decorated with an amethyst engraved in a 3,3x2,5cm cameo with the motif of an allegorical woman’s face of autumn surrounded by small pearls. Bracelet dimensions: 18 cm x 2,2 cm Weight: 96,25 grs 9,000 – 10,000 ¤ 808 809 807

9 808 • Pair of earrings 1950’speriod Set with diamonds and pearls 18k gold, Weight: 17,2 grs 1,400 – 1,600 ¤ 809 • Antique bracelet Set with natural pearls 18k gold, Weight: 28,3 grs 2,000 – 2,200 ¤ 810 • 70’s brooch Gold set with diamonds 18k gold, Weight: 14grs 550 - 600 ¤ 811 • Head charms Platinum pendant set with rose cut diamonds 18k gold, Weight: 2,4 grs 550 - 600 ¤ 812 • Twisted bangle Gold set with sapphire and rose cut diamond 18k gold, Weight: 28,3 grs 2,000 – 2,200 ¤ 810 811 812

10 813 • Ball ring Pomellato Gold set with diamonds 6,500 – 7,000 ¤ 814 • Ball ring Set with circa 3cts ruby and circa 1ct diamond 4,000 – 5,000 ¤ 815 • Gold bracelet Tiffany Art deco bracelet 9,000 – 10,000 ¤ 816 • Napoleon III period half set Pair of earrings and a pendant in gold set with rose cut diamonds and pearls 18k gold, Weight: 14,5 grs 1,500 – 2,000 ¤ 816 814 815 813

11 817 • Impressive drapery necklace Gold and crystal rock set with diamonds, around 7cts and ruby around 64cts GCS certificate Weight: 6,65 grs 18,000 – 20,000 ¤ 818 • Ruby demi-parure Cartier Comprising a ring and two earrings in yellow gold set with calibrated rubies. Signed and numbered Weight: 18,7 grs 8,000 – 10,000 ¤ 817 818

12 819 • Gold bracelet «Belt» type 1960’s period 18k gold, Weight: 75,9 grs 3,600 – 3,800 ¤ 820 • Lapis lazuli ring 1960’s Period 18k gold, Weight: 90 grs 7,500 – 8,000 ¤ 821 • Hand-shaped brooch Set with turquoise and ruby 18k gold, Weight: 8,8 grs 800 - 900 ¤ 819 820 821

13 822 • Heart ring 2,60cts heart-cut diamond Fancy Brown-Orange GIA Certificate Set with brilliant diamonds 50,000 – 60,000 ¤

14 823 • White gold and rock crystal set demi-parure Seaman Schepps Comprising: a bracelet in white gold with five engraved rock crystal cabochons pearls and diamonds; a pair of ear clips with pearls and diamonds; original clutch bag on brands name Bracelet dimensions: total weight: 88 grs 12,000 – 15,000 ¤ 824 • Pair of diamonds earrings Cartier, Tulip model Platinum and diamond chandelier earrings, height 6.5cm, numbered 48373B Weight: 11,05 grs 18,000 – 20,000 ¤ 823 823 824

15 825 • Sapphire and diamond ring Cartier, model LOBI White gold ring paved with diamonds and sapphires. Signed and numbered UC 7886 Weight: 22,9 grs 60,000 – 80,000 ¤

16 826 • Kunzite ring Yellow gold ring holding a kunzite of 41.83 cts and 6 baguette diamonds on the sides (for a total of 2.87 cts) Weight: 18,7 grs 9,000 – 10,000 ¤ 827 • Diamond earrings Ancient model Set with circa 3,30cts diamonds Can make a set with next lot 6,000 – 7,000 ¤ 828 • Diamond ring Set with circa 2cts diamonds Can make a set with previous lot 4,000 – 5,000 ¤ 829 • Pair of pink topaz earrings White gold, pink topazes of 14,12cts and 84 diamonds of 1,11cts (with certificate of the German Foundation for Gemstone), modern Weight: 11,05 grs 9,000 – 10,000 ¤ 830 • Diamond and platinum bracelet Circa 1930, Art Deco period Impressive and large bracelet, 185 mm wide, set with 38,50 carats diamonds approximately.

Weight: 144,1 grs 45,000 – 50,000 ¤ 831 • Pair of earrings Girandole shaped earrings Set with ruby and diamond 12,000 – 14,000 ¤ 826 827 828

17 829 830 831

18 832 • Brooch 1930’s Platinum set with diamonds brilliants-cut and baguette-cut Brilliants around 9 cts; central diamond around 1 ct Weight: 21 grs 7,000 – 8,000 ¤ 833 • Brooch 1930’s Platinum set with diamonds Circa 5cts Central diamond 0,5ct Weight: 18,00 grs 3,500 – 4,000 ¤ 834 • Aquamarine earrings Contemporary design Aquamarine set with diamonds and around 3cts sapphire 9,000 – 10,000 ¤ 833 832 834

19 835 • ImperialPresentationRingwithmonogramofRussianTsarAlexanderI RUSSIA, PERIOD OFALEXANDER I (1801-1825) Blue enamel on silver set with diamonds and surrounded with eight, old cut, rose-cut diamonds Eight diamonds, Circa 7cts The setting is of great finesse, especially at the shoulders, the gold part is finely chased and the silver and diamonds particularly well worked. Master goldsmith: ET Numbered : 2997. The ring was adjusted and reformed, which resulted in the loss of the title punch and that of the Russian tester.

Weight : 9 grs A rare example of Imperial presentation ring with a monogram of Alexander I with Great Imperial Crown that was granted for special endowments. 35,000 – 50,000 ¤

20 836 • Aquamarine ring 50cts aquamarine Set with diamonds 12,000 – 15,000 ¤ 837 • Futurist aquamarine ring Scavia - Milan 8cts aquamarine set with diamonds 4,500 – 5,000 ¤ 838 • Emerald ring SSEF certificate, emerald circa 5 cts Black enamel set with diamonds 25,000 – 30,,000 ¤ 839 • Emerald ring Old ring (presumably 19th century) set with circa 4cts diamond Emerald circa 3,50cts 18,000 – 20,000 ¤ 838 837 836 839

21 840 • Drapery gold and turquoise necklace René Boivin 1900 period Unique piece in yellow gold, flexible mesh braided ribbon, lined with a row of cultured pearls holding eighteen pear-cut turquoises enhanced by a ring set with brilliant cut diamonds Accompanied by a certificate from Françoise Caille length 40 cm, height 3 cm, Weight: 91,3 grs 35,000 – 40,000 ¤

22 841 • Gold bracelet 1960’s period 18k gold, Weight: 75,9 grs 3,000 – 3,500 ¤ 842 • Onyx earrings Art deco earrings Set with 0,35ct diamonds 2200 – 2500 ¤ 843 • Bracelet 1960’s period Pierre Cardin 18k gold, Weight: 7,5 grs 450 - 500 ¤ 844 • Pearl ring Buccellati Gold ring set with an impressive south sea pearl 5,000 – 6,000 ¤ 845 • Coral ring Impressive art deco ring Onyx set with diamonds 2,800 – 3,000 ¤ 846 • Gold bracelet Tiffany Set with Aquamarine and diamonds 14,000 – 16,000 ¤ 841 842 843

23 847 • Onyx and Rock crystal pendant Andre Vassort, 1970 period Yellow gold pendant necklace made of onyx rings and festooned rock crystal set with diamond-cut and brilliant cut motifs, the removable pendant made of a rock crystal ellipse enhanced with brilliant cut diamonds; weighing in all about 13 carats, French maker’s mark, period 1970; André Vassort’s mark. Pendant numbered 8374 and necklace numbered 8375, pendant length 6cm, total length 31cm. Weight: 138,2 grs 20,000 – 25,000 ¤ 847 646 845 844

24 848 • Art Deco bracelet Former brooch adapted on an elastic white gold bracelet Approximately 22,50 cts 50,000 – 60,000 ¤ 849 • Heart-shaped pendant Circa 2cts oval-cut diamond Surrounded by round diamonds, 1,5ct Weight: 8,05 grs 10,000 – 12,000 ¤ 850 • Pearls earrings South sea pearls Set with circa 4cts diamonds Can make a set with next lot 9,000 – 10,000 ¤ 849 848 850

25 851 • Sapphire ring Buccellati 4cts sapphire, gold ring set with diamonds 12,000 – 15,000 ¤ 852 • Sapphire ring BUCCELLATI Mario; 1940’s Ring in yellow gold and Sri Lankan sapphire, natural oval cut size of 9.4 carats and old cut diamonds (about 4 carats) certificate GRS, Signed. Weight: 15,3 grs 35,000 – 40,000 ¤ 851 852

26 853 • Impressive opal pendant set in gold necklace 20,60 carats opal in cabochon shape, yellow gold mounted, the chain in platinum, set with diamonds Dimensions: 40 x 2,5 x 1,5 cm Weight: 9,8 grs 9,000 – 10,000 ¤ 854 • Pair of earrings Long amethyst earrings Set with diamonds 3,500 – 4,000 ¤ 855 • Titanium and aquamarine ring Ring in titanium and white gold set with about 7 carats of diamonds and a 16-carat aquamarine. Contemporary work. Weight: 26,5 grs 22,000 – 25,000 ¤ 853 854 855

27 856 • Pair of earrings Lavender jade earrings Set with diamonds and amethyst 4,500 – 5,000 ¤ 857 • Neo-renaissance pendant Enamelled pendant set with an important amethyst, period 1870 Gold 9 and 14k; Amethyst approximately 40 cts; dimension 8,5 cm high Weight: 26,95 grs 7,000 – 8,000 ¤ 858 • Ruby ring Natural Burma ruby, with GCS certificate 2,82cts Platinum set with brilliants and navette-cut diamonds around 2cts Weight: 6,65 grs 18,000 – 20,000 ¤ 856 857 858

28 859 • Coral and pearl half set Comprising a necklace in pearls, with butterfly-shaped coral clasp set with emeralds and diamonds Weight: 181,58 grs And a pair of earrings in coral shaped butterfly wings set with cabochon emeralds and diamonds Weight: 37,47 grs 6,500 – 7,000 ¤ 860 • Unique aquamarine ring 52 cts aquamarine Set with 3,40cts diamonds 25,000 – 30,000 ¤ 861 • Conch pearls ring Antique natural conch pearls Set with circa 3cts diamonds 7,000 – 8,000 ¤ 862 • Sapphire and diamond ring Modernist design Set with circa 1,5ct diamond and 1,5ct sapphire 3,800 – 4,000 ¤ 863 • Pair of earrings GUCCI 18k gold, Weight: 8,3 grs 700 - 800 ¤

29 859 860 861 862 863

30 865 • Three finger ring Set with marquise cut diamonds and brilliants Approximately 4,50 cts, Weight: 36 grs 4,000 – 4,500 ¤ 864 • Pair of earrings In rose gold set with approximately 4 cts diamonds and 10 cts ruby Weight: 21 grs 7,500 – 8,000 ¤ + +

31 866 • Tank « Normale » wrist watch Cartier Signed on the dial, numbered. Made in 1925 . The model was designed in 1917 and commercialised in 1919. Pink gold deployant buckle, yellow gold gadrooned clasp, original yellow gold « brick » bracelet, cabochon sapphire winder. French eaglehead gold hallmark, Edmond Jaeger maker’s mark Movement by European Watch and Clock Co. Inc (a Cartier subsidiary) Size of case (without the winder): 31 x 22.5 mm Original fitted Cartier case.

This tank watch is presented with its original gold bracelet, the connection to the case has been modified so that the bra- celet may be removed and exchanged with a leather band. 13,000 – 15,000 ¤ The first design for a Tank wristwatch left the drawing board of Louis-Joseph Cartier (1875-1942) in 1917. His inspiration for the Tank Normale was a new French armoured Renault tank, featuring twin tracks that were longer than the machine between them. The first six production models went on sale in 1919, and every subsequent Tank model (more than 30) has imitated those first sketches.

32 867 • DE BETHUNE, DB25 Quetzalcoatl Piece 7/20 Pieces limited edition Mechanical hand-wound movement Power reserve 6 days Case: White gold, drum-shaped - Diam: 44mm Thickness 12.50mm Extra-supple alligator leather with pin buckle 80,000 - 100,000 ¤ +

33 868 • DE BETHUNE, DB25L Milky Way Spherical moon-phase indicator with precision of one lunar day every 122 years Power reserve: 6 days, ensured by a self-regulating twin barrel A De Bethune Innovation (2004). N° 001 Case: Platinum set with 66 baguette-cut diamonds Back: Open back in polished white gold and sapphire crystal (hardness of 1800 Vickers) with double anti-reflective coating Strap Extra-supple alligator skin with alligator padding Buckle and ardillon in platinum 180,000 - 200,000 ¤ +

34 869 872 870 871 875

35 873 • Brilliant lady’s watch Jacob & Co New York 44 mm wrist watch set with Tsavorite and diamonds 18,000 – 20,000 ¤ 874 • Brilliant lady’s watch Jacob & Co New York 44 mm wrist watch set with Sapphire and diamonds 18,000 – 20,000 ¤ 875 • Pendant watch Van Cleef and Arpels 18k gold, Weight: 39 grs 3,000 – 3,500 ¤ 876 • Brilliant lady’s watch Jacob & Co New York 44 mm wrist watch set with Ruby and diamonds 18,000 – 20,000 ¤ 877 • PATEK PHILIPPE, AQUANAUT Watch Rubis / movement jewels 29R Calibre 324 S C Tropical composite strap Grey arabic dial with certificate Ref. 5168G-001 52,000 – 55,000 ¤ 869 • Lady’s watch Harry Winston Gold watch set with diamonds With original box 9,000 – 10,000 ¤ 870 • Palatial men’s watch Jacob & Co New York Automatic pink gold extra thin case 6,8 mm 10,000 – 15,000 ¤ 871 • Lady’s Watch Bernay et Blondeau Yellow gold bracelet Dial surrounded by diamonds Weight: 64,80 grs 3,000 – 4,000 ¤ 872 • Bracelet and hidden watch Van Cleef & Arpels UTI watch Gold bracelet set with diamonds 16,000 – 18,000 ¤ 876 873 874 877 +

36 879 • Pair of cufflinks Hermes « Horserings » model Weight: 11,05 grs 1,800 – 2,000 ¤ 880 • Pair of cufflinks VAN CLEEF & ARPELS Yellow gold, and diamonds with interchangeable tips in lapis lazuli and onyx. Signed VCA and numbered B9020A38 Weight: 21,4 grs 4,000 – 4,500 ¤ 878 • Pair of cufflinks VAN CLEEF & ARPELS Yellow gold, black enamel and diamonds. Signed VCA and numbered B9090X45 Weight: 14,45 grs 3,000 – 3,500 ¤ 878 879 880

37 881 • Pair of cufflinks Signed Cartier 18K gold set with pyramidal lapis lazuli at each end of the central bar. Signed and numbered from Cartier London, UK date letter for 1966. UK 18K gold hallmark ; weight: 16 gr. Fitted Cartier case 4,000 – 5,000 ¤ 882 • Pair of cufflinks Signed Cartier Signed and marked “Made in France” round sapphires, 18 ct yellow gold, numbered 5892C French gold hallmark Made circa 1930-40 ; weight: 11 gr. Cartier fitted case 4,500 – 5,000 ¤ 881 882

38 885 • Bar item with two spoons Cut-crystal circled in silver Spoons in silver Cartier New York 1950-60 700 – 800 ¤ 883 • Double Jam / Condiment holder Signed Cartier New York 1950s Crystal and silver 500 – 600 ¤ 884 • Silver Timbale Signed Cartier Hallmark Minerva 1er titre, EP (Puiforcat maker), S 764 – Cartier number 128 grams 500 – 600 ¤ 883 884 885

39 888 • Bar item Together with a page of advertisement Cut-crystal martini mixer with silver top silver stirrer Signed Cartier New York 1950-60 450 – 500 ¤ 886 • Pair of Jam / Condiment holders (2 pieces) with 2 spoons Signed Cartier New York 1950s crystal and silver 700 – 800 ¤ 887 • Silver press papier Bears a signature Cartier New York 97 grams 130 – 150 ¤ 886 887 888

40 890 • Cartier table clock 1950’s Signed Cartier on the dial, stamped FRANCE on the dial Agate Height : 13 cm 8,000 – 10,000 ¤ 889 • Cartier Table clock, 1939 Signed Cartier on the dial, numbered 71 Moulded onyx, silver, rose-cut diamond hands set in platinum, silver dial with black Roman numerals, brass folding strut. 7.4 cm square French silver mark (boar’s head) 12,000 – 15,000 ¤ 889 890

41 891 • Minute repeater table clock in its case Mappin&Webb Monte Carlo Agate, gold, silver on gold, white enamel, rose cut diamonds, platinum In original case, 2 keys. 9,000 – 10,000 ¤

42 892 • Art Deco Cigarette case Signed Cartier Londres New York Gold mark, maker’s mark, gold, black enamel 116 grams Made circa 1925 4,500 – 5,000 ¤ 893 • Smoker’s case (for cigarettes or cards) Said to be sold by Cartier boutique in London, num- bered SL 4938 Onyx, jade, diamonds, platinum, yellow gold, Made circa 1925 8 x 5 cm Maker’s mark of Strauss, Allard et Meyer workshop, French platinum hallmark, French gold hallmark 5,500 – 6,000 ¤

43 894 • Flash light Signed Cartier New York, num- bered Gold 14k, engraved JIS 9.29.55 350 – 400 ¤ 895 • Flash light Signed Cartier New York Gold 14k, engraved JS 9.29.55 350 – 400 ¤ 898 • Letter opener onyx, coral 18k gold 750 Circa 1940 Signed Seaman Schepps 3,000 – 3,500 ¤ 897 • French Red Cross Pin Signed Van Cleef and Arpels, stamped déposé Red enamel, silver, hallmarked 250 – 300 ¤ 896 • Agate and silver Art Deco frame Signed Maquet Paris Nice agate, gold, white enamel, silver, 1,800 – 2,000 ¤ 896 897 898

44 899 • Cartier oval tray Art Deco period circa 1935-40 Silver and wood with mughal designed handles and Indian motifs on the side. Signed CARTIER MADE IN FRANCE French export silver maker’s mark of R. Linzeler (950/1000) Length: 55 cm, width: 43.5 cm 3,800 – 4,000 ¤ 900 • Hardstone (probably obsidian) ashtray with gold cigarette rest. Signed Cartier numbered 18936 Made circa 1960 French gold hallmark and maker’s mark Total Length: 12.8 cm Width: 8.2 cm Height: 3.5 cm 1,400 – 1,600 ¤

45 901 • Cartier Cup Art Deco 925 British hallmarks, made in 1930. Handles swivel up and down Signed Cartier London, numbered 5942 Cartier fitted case. 7,000 – 8,000 ¤

46 902 • Silver bonbonnière Blue guilloché and white enamel silver gilt inside 500 – 600 ¤ 903 • Silver plate Signed Cartier Puiforcat Minerva hallmark, numbered S 694 208 grams 500 – 600 ¤

47 904 • Art Deco Champagne Swizzle Stand Silver and gold, rock crystal. 12 bone swizzle sticks of one design with cabochon moonstone finials set in silver Height: 22 cm Diameter of base: 8.5 cm Signed Cartier and numbered S 5 French silver hallmarks. Original fitted Cartier case. 13,000 – 15,000 ¤ An item of status , this elegant Champagne swizzle from circa 1927 has an Art deco appeal and is an object that still could be used. Initially such swizzle stands were popular in the US in the 1930s to remove bubbles from sparkling wines.

Art Deco style, first called Modern Style, was the major artistic movement of the 1920s and was led by Cartier Paris with its beautiful creations. Elegant and geometric, rich in decoration, with use of hard stones such as rock crystal or onyx is distinctive of this period and ensured Cartier public interest.

48 905 • Pendant « SOYEZ HEUREUX MAIS NE M’OUBLIEZ PAS » Signed Cartier gold, signed on top, no hallmark in case 1,000 – 1,500 ¤ 906 • Ruby and diamond gold ring Cartier 18k gold, Weight: 43grs 3,000 – 3,500 ¤

49 253 Maître Claire Notari Huissier de Justice à Monaco ABSENTEE/TELEPHONE BIDDING FORM The auction will take place in accordance with the General Terms and Conditions and the auction itself shall be regulated by these same Terms and Conditions. You are invited to read the General Terms and Conditions of Sale as well as the important information appended thereto, which indicate the costs you will be obligated to pay in the event of successfully purchasing a Lot, among other clauses relating to the auction sale. Do not sign this form unless you have received answers to all of your questions pertaining to the General Terms and Conditions. These Terms and Conditions are contractual commitments which bind and limit bidders and successful purchasers, in particular the Bailiff’s responsibility in regards to bidders as well as successful purchasers..

Privacy Policy Your personal data shall be kept by the Bailiff and the Organizer. We are committed to not provide your personal data to any extraneous person. However, we may occasionally contact you with information on goods and services we believe may be of interest to you, including those offered by third parties. In case you do not wish to receive such information (with the exception of information you may request), please check the box below. q Would you like to receive information concerning our business via email? If not, please check the box below. q Be sure to obtain all the information concerning a Lot at least 24 hours before the sale. The bidding will be rounded to the nearest increment. Please refer yourself to the important information found in the catalogue concerning your instructions made to the Organizer for the execution of your purchase orders. The Bailiff will seek to execute these orders on your behalf but shall not be held liable for any error. Paddle number Name of sale ART RUSSE Date Location of sale MONACO Company Name First name Last name Address Customer Number City Zip code Country Tel. No Fax Tel. No E-mail Mobile phone Are you an individual bidder q or a company bidder q VAT Number Telephone No. the day of the sale : If you wish to be called during the auction, please write «TEL» in the box «your bid». For security reasons calls may be registered. Telephone No. the day of the sale . .

Lot n° Brief Description Your bid excluding VAT, commissions and fees in Euros By signing this form, you acknowledge that you have been in possession, have read and understood the General Terms and Conditions presented by Madam Claire Notari, Bailiff in Monaco, in particular Article 20, and further acknowledge having accepted the Terms and Conditions without reservation. If you are a first-time client of Madam Claire Notari, please attach your bank account details. Your Signature Date

50 GENERAL TERMS AND CONDITIONS OF SALE These terms and conditions apply to auctions conducted by Madam Claire Notari, bailiff in Monaco, and shall apply mutatis mutandis to any private sale. 1. In the Terms and Conditions, the words and phrases listed below have the following meanings: - “Bailiff” – Madam Claire Notari, bailiff in Monaco. - “Organizer” – SARL HERMITAGE FINE ART - “Catalogue” – Any advertisement, brochure, price list and other publications. - “Expenses” incurred at the time of sale of any Lot, the fees and expenses incurred by the Organizer for insurance, packaging, transportation, storage, eventual restoration and framing, taxes and various expenses and all other VAT related costs. - “Hammer price” – Price in Euros of the Lot, which is awarded to the Buyer. - “Lot” – Any item presented with the intent that it be auctioned. - “Purchase Price” – Hammer price plus all Expenses, VAT, additional costs and ex- penses in Euros owed by the Buyer in default in accordance with Clause 14. - “Sales Proceeds” – The net amount due to the Seller consisting of the Hammer Price minus the commission owed by the Seller to the Organizer in any capacity, and genera- ted in any way whatsoever.

- “VAT” – Value Added Tax - “Fees” – The buyer shall pay the Organizer, in addition to the Hammer Price of each Lot, a premium of 32,4% of the final bid, including VAT. Please note that all Lots pur- chased through the services of online sales and auctions such as Drouot Digital, The- saleroom.com, Invaluable.com, Auction.fr, Lot-tissimo.de and Bidspirit.com but also our own platform, will be subject to an additional charge of 3%+ VAT of the hammer price. (see clause 13.4.).

2. The Bailiff sells as the agent for the Seller and is not responsible for any mistakes made by the Buyer or the Seller. 3. Despite the efforts to ensure the accuracy of the description of each Lot in the Cata- logue, nor the Bailiff nor the Organizer do not guarantee that such a description is accu- rate. Any statements other than printed in the Catalogue, relating to, but not limited to, authenticity, provenance, origin, age, date, condition, estimated selling price, or quality of any Lot, is a matter of opinion, and neither the Bailiff the nor its servants or agents shall be held liable for the accuracy of any given opinion. No person is authorized by the Organizer to make whatever statement unless already printed in the Catalogue. 4. The Bailiff or the Organizer, if instructed by a potential Buyer, may accept bids on his or her behalf, provided that neither the Bailiff nor its employees or agents shall be held liable for negligence or error in the execution or non-execution of such orders. 5. The Bailiff reserves the right, in its sole discretion, to refuse admission to any person within its premises or attendance at its auctions.

6. The Bailiff reserves the right, in its sole discretion, to refuse a bid, to divide any Lot, to combine two or more Lots, to withdraw any Lot from the auction and in case of conflict to place back any Lot for sale and increase the bid as it suits him or her. 7. Nor the Bailiff nor the Organizer shall not be held liable for injury, damage or loss of any kind whatsoever, suffered by any person while he or she is at the premises of the exhibition and sale, except in the case of death or injury caused by the negligence of the Bailiff, its employees and agents.

8. Any notice given by the Bailiff addressed to the Seller, Buyer, or potential Buyer, may be delivered by hand or sent by mail, telex or fax, and shall be deemed received: a) Upon delivery, if delivered by hand. b) Within 2 hours following the transmission during a business day, if sent by telex or fax. c) Within 48 hours following the postmarked date, if the mail is sent to the same country, and within 7 days if it is sent abroad. 9. 9.1 Any transaction subject to these Terms and Conditions and any matters related thereto shall be settled by Monegasque law and all parties concerned shall refer them- selves to the non-exclusive jurisdiction of the Monegasque courts. 9.2 The rights of reproduction of any written content and illustrations referring to Lots shall remain at all times the absolute property of the Organizer and shall not be used, even partly, by any person without prior consent of the Organizer. 10. Any person wishing to bid shall be required, before the sale, to complete a “registra- tion form” with the Bailiff and Organizer. He or she shall provide the Bailiff and Organizer a photo ID as well as his or her bank references. The duly completed form, signed and dated, will be returned to the Bailiff before the start of the sale and a registration number shall be assigned to each potential bidder. A bidder is only allowed to bid if he or she holds a registration number and provided that he or she is aware of the catalogue, which contains these general terms and conditions of sale to which the Bailiff and Organizer explicitly refer to. The act of bidding will automatically entail that the bidder has read, understood and accepted the said terms and conditions.

11. THE BAILIFF 11.1 The sale shall be carried out by Madam Claire Notari, Bailiff of Monaco, who will announce the Hammer Price, ensure that the bidding is properly carried out, and gene- rally will take all necessary measures in maintaining order during the Sale. 11.2 The Bailiff reserves the right, in its sole discretion, and without any obligation for jus- tification of his or her decision, to continue or stop the sale, to remove one or more Lots, to accept or refuse a bid, to proceed with any split, joining or withdrawal of the Lots. 11.3 Generally, the Bailiff has the authority to make any decision in order to resolve any dispute arising during the Sale.

11.4 The Bailiff and the Organizer explicitly reserve the right to make any statement before the opening of the sale or prior to the auctioning of a Lot, referring to changes, descriptions, statements, details in the Catalogue or these Terms and Conditions of Sale; these modifications shall be imposed on the bidder. 11.5 The Bailiff shall notify the bidders before the sale begins of the conditions of the Hammer Prices including the additional incurred fees. 11.6 The Bailiff can accept bids from any person present in the room. He or she may also take orders from bidders not present once they have been given to the employees of the Organizer by phone, telex, fax, or by any other written order and approved by the Organizer and the Bailiff. In any case, the latter shall not be held liable for negligence, error or mistake in the execution of orders. In all cases, the Organizer and the Bailiff will not be held responsible for the non-execution for any reason whatsoever, of an order that they have received.

12. AUCTIONS 12.1 Auctions are conducted in Euros. The Bailiff and the Organizer reserve the right to install a currency conversion table but shall decline all responsibility in the event of failure or display error. Only the amount of the last bid, as expressed by the Bailiff, shall be taken into consideration. 12.2 Each bidder shall be deemed and presumed to have acted on his or her own behalf, unless before the sale, he or she has explicitly brought to the attention of the Bailiff and the Organizer in writing that he or she will be bidding on behalf of a third party, which has been approved by the Bailiff and the Organizer.

12.3 In the case of dispute with the third party, the bidder and the third party shall both be held accountable for the bidding. 13. AUCTION SALE 13.1 The highest and last bidder that is accepted by the Bailiff shall be declared the successful purchaser; he or she shall be required to make a payment in the manner outlined below. 13.2 At the time of the announcement of the hammer price, the Buyer shall immediately disclose to the agents of the Bailiff the number he or she has been assigned. The Orga- nizer or the Bailiff explicitly reserve the right, in their sole discretion, to immediately place back the Lot for sale with no possibility of appeal from the highest bidder. 13.3 In case of dispute, the notary that is the Bailiff, has the right to rescind the sale and to immediately place back the Lot concerned for auctioning.

13.4 In addition to the hammer price up to and including 250.000 EUR, the Buyer shall also pay a premium of 27% + VAT (32.4% including VAT) Buyer’s premium rate payable on the hammer price in excesse of 250.000 EUR up to and including 2.500.000 EUR – 21.5% + VAT (25.8% including VAT) Buyer’s premium rate payable on the portion of the hummer price in excess of 2.500.000 EUR – 12.5% + VAT (15% including VAT) This amount will be added to the final bid. Please note that all Lots purchased through the services of online sales and auctions such as Drouot Digital, The-saleroom.com, Invaluable.com, Auction.fr, Lot-tissimo.de and Bidspirit.com but also our own platform will be subject to an additional charge of 3%+ VAT of the hammer price. 14. PAYMENT 14.1 The hammer price and the abovementioned amount in section 13.4 shall be imme- diately paid; however, the Seller can give Madam Claire Notari the right to grant, in its sole discretion, the possibility for the successful purchaser to pay the hammer price and

51 additional charges mentioned above by bank transfer. In any case, the payment must absolutely occur within one week (5 working days) after the auction with the Organizer’s Monegasque banking institution. 14.2 In case of non-execution or of partial execution of the obligations borne by the successful purchaser under these Terms and Conditions, particularly in the case of non- payment of the hammer price and additional charges or in the case of partial payment within one week (5 working days) following the sale, provided that the Lot has not been immediately placed back for auctioning during the concerned vacation, the Organizer reserves the right, in its sole discretion, to exercise the following rights and actions: - To demand definitive compensation by way of penalty clause, a percentage of 0.5% per day late on the price or a fraction of the unpaid price and additional fees until full payment; - To demand for compensatory damages, which shall not only cover any loss arising from the resale of the Lot in question, but also the expenses of such a resale, as well as damages suffered by the Bailiff and the Organizer; - To achieve the compensation between the amounts owed by the Buyer with all funds held or which may come to be held by the Organizer on behalf of the Buyer. 15. TRANSFER OF OWNERSHIP The transfer of ownership of a Lot in favor of the Buyer shall only take place after full pay- ment of the Hammer Price and abovementioned additional fees. However, upon auction sale (finalized by the Bailiff’s hammer blow), all risks relating to the Lot will be transferred to the successful purchaser in full and without reservation.

16. RESPONSIBILITIES OF THE BUYER 16.1This list not being restrictive, the successful purchaser shall be solely responsible for the loss, theft, partial or total destruction, or damage which may occur between the auction sale and the transfer of ownership after full payment of the Hammer Price and additional fees. 16.2 The successful purchaser shall be required to undertake at his expense, the with- drawal of the Lot of which he has become the owner, under section 14, within 5 working days of the auction sale.

16.3 Likewise, all charges for storage and insurance purposes that have been put forward by the Organizer for the time period between the auction sale and the payment of the hammer price and additional fees (transfer of ownership), shall remain the suc- cessful purchaser’s responsibility and shall be paid at the time of payment of the hammer price and additional charges. 16.4 In the case of uncollected Lots by the Buyer within the time period stipulated in Clause 16.2, the Organizer reserves the right to arrange for the removal of the Lots at the risk and expense of the Buyer, as well as the shipment under the same terms and conditions to Monaco, France or any other country specified by the Buyer. 17. CONDITION OF THE LOTS The Lots are sold in the same condition in which they were presented at the time of sale and no action shall be exercised against the Bailiff or the Organizer for flaws or hidden defects affecting the Lot that is to be sold, regardless of the significance of the flaw or defect. It will be up to the potential bidders, prior to the Auction during the public exhi- bition of the Lots for sale, to check the condition, quality and authenticity of the Lots. 18. temporary importation 18.1 All lots marked with symbol + are in the free port and are subject to import tax, the buyer intending to import them within European Union should be aware that import tax will be due on hammer price and shall be paid to the organizer in addition to other fees (eg: 5.5% for antics and artworks in Monaco).

18.2 Any other lots are in free circulation in EU. 18.3 Buyer is responsible for checking and fulfilling all conditions of the transportation of the acquired lots to the final destination, including but not limited to checking the import status of the lots, and regulations for importation at destination. 19.EXPORT OF LOTS Due to Monaco being part of the French Customs Union, exports outside of Monaco undergo the same rules and regulations as those existing in France. Any Lot coming from the Customs Union or a beneficiary of temporary importation, if it remains in the Customs Union, may be removed upon presentation of proof of payment of the Pur- chase Price. On the other hand, if the successful purchaser intends to export the Lot outside of the Customs Union, it will be up to him or her, and under his or her full and sole responsibility, to perform all the necessary procedures and formalities required by the law in force. Under no circumstances shall the Organizer or Bailiff be pursued for non-compliance or completion of the said formalities.

20. ORGANIZER’S MANDATE The Organizer carries the role of agent of his or her mandate, which gives him the autho- rization to sell one or more Lots. Under this capacity, neither the Organizer nor the Bailiff shall be part of the contract binding their mandate and Seller to the Purchaser: therefore neither the Organizer nor the Bailiff shall be held responsible if one of the parties fails to fulfil any of the obligations stipulated in the contract. 21. Jewellery and Watches clause 21.1.Coloured gemstones (such as rubies, sapphires and emeralds) may have been trea- ted to improve their look, through methods such as heating and oiling. These methods are accepted by the international jewellery trade but may make the gemstone less strong and/or require special care over time.

21.2.Hermitage Fine Art does not obtain a gemmological report for every gemstone sold in our sales. All types of gemstones may have been improved by some method. You may request a gemmological report for any lot which does not have a report. Please note that the receipt of a gemmological certificate may take up to three weeks. It is Your responsi- bility to request it prior to the sale. Please note You should pay the fee for the certificate. 21.3.Almost all clocks and watches are repaired in their lifetime and may include parts, which are not original. Hermitage Fine Art does not give a warranty that any individual component part of any watch or clock is authentic.

21.4.The buyer is responsible for any general service, change of battery or further repair work that may be necessary for watches and clocks presented at the sale. Hermitage Fine Art does not give a warranty that any watch or clock is in good working order. 22. JURISDICTION The sale as well as these Terms and Conditions are explicitly regulated by Monegasque law. Any dispute relating to the sale or these Terms and Conditions will be subject to the jurisdiction of the Monegasque courts.

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UPCOMING AUCTION JEWELLERY & WATCHES 2018 / 2019 HOTEL METROPOLE MONTE-CARLO We are currently inviting consignments to our next auction of jewellery & luxury watches. info@hermitagefineart.com

25, Avenue de la Costa - 98000 Monaco Tel: +377 97773980 Email: info@hermitagefineart.com www.hermitagefineart.com

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