Exclusive Timepieces

The Monaco Legend Group team has put together an astonishing selection of rarities in the horological field. From the Unique Piece Rolex Yachtmaster, former property of the late President of Rolex Patrick Heiniger, to an outstanding example of the Patek Philippe 2523-1. Not to mention the great selection of rarities destined for Middle Eastern market, such as a Rolex Submariner and Daytona from the Sultanate of Oman and a steel Daytona with UAE emblem on the dial.
Many thanks to Auro Montanari, alias John Goldberger, Roberto Randazzo and George Pakkos for their significant help in supervising the catalogue and to Eric Tortella for his assistance in searching for some of our rarest Patek Philippe watches in his database and releasing his passport of authenticity for them.

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Session I: Saturday 22 April, 2:30 PM – lots 1 to 100
Session II: Sunday 23 April, 10:30 AM – lots 101 to 164
Session III: Sunday 23 April, 2:30 PM – lots 165 to 261

Auction preview
Hôtel Mandarin Oriental, MILANO
Wednesday 5 April
Thursday 6 April

Hôtel Méridien Beach Plaza, MONACO
Thursday 20 April, 11 AM to 8 PM
Friday 21 April, 10:30 AM to 8 PM
Saturday 22 April, 10:30 AM to 12:30 PM

Absentee bid closing
Saturday, 22 April, 1:00 PM CEST

Live auction opening
Saturday, 22 April, 2:30 PM CEST

1. DISCOVER THE LOTS

On this website, you can access a large selection of images for each lot.
You can also contact us to get more information or images of the lots you are interested in.
The lots in the sale are available for viewing during the auction preview and privately upon request only.

2. REGISTER TO BID

You can register to bid via this website or by returning the auction form (available on the auction printed catalogue or to download from the auction overview page).
You will be asked to provide a proof of identity and a bank statement as a condition of allowing you to bid.
Registration to bid will close 48 hours before the opening of a live auction to allow sufficient time for your information to be processed.

3. BID

ABSENTEE BID
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Ahead of a live auction, you can place absentee bids, ONLINE or OFFLINE.
An absentee bid is a maximum amount you indicate for a lot. The bid will be executed on your behalf by the auctioneer during the live auction, at the lowest price possible and never for more than the maximum amount.

ONLINE ABSENTEE BIDDING
You can place online absentee bids on Monaco Legend Auctions website. You must have an account created and approved.

OFFLINE ABSENTEE BIDDING
To place offline absentee bids, return the auction form at least 24 hours before the opening of the live auction. Auction form is available on the auction printed catalogue or has to be downloaded from the auction overview page.

LIVE BID
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During a live auction, you can bid ONLINE, by TELEPHONE or IN THE ROOM.
Live auction will begin when the auctioneer opens the first lot for bidding. Live bids will be accepted in the order they are received and the highest bid placed will win each lot.

ONLINE BIDDING
To place online live bids you must have an account created on Monaco Legend Auction website.
To place bids from a mobile device during live auctions you must use our mobile app “Monaco Legend Group Live” available for iOS and Android.

TELEPHONE BIDDING
To place telephone bids, please return the auction form at least 24 hours before the opening of the live auction. Auction form is available on the auction printed catalogue or has to be downloaded from the auction overview page.
Monaco Legend Group will contact you and a saleroom representative will bid live with you over the phone.

IN THE ROOM BIDDING
To bid in the room you can register in advance or directly at the auction venue up to 3 hours before the start of the opening of the auction in case you have been already approved in one of our previous auctions.

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For assistance with bidding and registration, please contact:
Monaco Legend Group
+377 97 77 53 35
anna@monacolegendgroup.com

BUYER’S PREMIUM

The buyer will pay to the order of Monaco Legend Group, in addition to the hammer price, a buyer’s premium of:

• up to €1,000,000 : 30% incl. VAT (25 % excl. VAT)
• more than €1,000,000 : 24% incl. VAT (20 % excl. VAT)

Lots marked with * :
A 20% import VAT is due on the final price including premium, only if it is delivered within the EU.

LAW AND JURISDICTION

These General Terms & Conditions, and all that relates to the sale are governed by Monégasque law and, in particular, by Law No. 1014 of 29 December 1978 concerning public auctions of furniture. Any dispute regarding the existence, validity, and enforceability for any bidder or buyer falls under the exclusive jurisdiction of the courts of the Principality of Monaco.

VAT FOR NON-EUROPEAN BUYERS

Non-European buyers will directly receive the invoice excluding VAT under certain conditions: the item(s) must have been shipped outside of Europe within a delay of 3 months from the date of the sale and Monaco Legend Group must appear as a shipper on the export document and the buyer as the consignee. The exportation has to be done within the legal delays and a maximum of 3 months of the date of the sale.

CURRENCY CONVERSION

Auctions are conducted in Euro.

INDICATIVE NATURE OF THE ESTIMATES

Estimates are listed for each lot and are an indication of the price range the lot is expected to fetch. Estimates do not include the buyer’s premium or sales tax.

NO RESERVE

Unless the no reserve lots, all lots in the catalogue are offered subject to a reserve. This is a confidential value established between Monaco Legend Group and the seller.

CONDITION OF THE LOTS

Lot descriptions provide technical data carefully compiled by our experts for each lot in the sale and are often enhanced by historical or biographical comments.
Dimensions are provided for information purposes only.

All lots are sold in the condition in which they were offered for sale with all their imperfections and defects. Dimensions, colors and weight of the products are provided for information purposes only and are not binding.
No claim can be accepted for minor restoration or small damages. It is the responsibility of each prospective bidder to inspect each lot prior to the sale and to rely on their own judgment to acquaint with the characteristics and the potential repairs or restorations. No claim can be considered once the auction is pronounced.

Restored or repainted dials regarded as protective measures and not as vices will not be reported. The conditions of the bracelets and the water resistance of the screwed-back watches are not guaranteed, and neither are the deployment clasps and tang buckles. It is important to note most of the waterproof watches have been opened to identify the type and quality of the movement.
There is no guarantee the watches are still resistant to water and it is recommended to consult your watchmaker before using the item.

The absence of any indication of the existence of restoration work or of an accident by no means exempt the jewelry from having a defect.
Precious and semi-precious stones may have been subject to treatments with the intention to showcase them. (i.e.: oil treatment of emeralds, heat treatment for rubies and sapphires, whitening of pearls).
These treatments are traditional and accepted by the jewels international market.
Considering the rise of new treatments, the stones submitted to the auction with no certificates will be sold without guarantees about the treatment.
It shall be stated that the origin of the stones and their quality (color and purity of the diamonds) reflect the opinion of the laboratory issuing the certificate. No claim will be accepted in case another laboratory gives another opinion, and will in no way engage the responsibility of the auctioneer and expert.
The jewelry advertised in our catalogue as yellow-gold or white-gold with no hallmark are always in gold 18K.

We are at your disposal to provide you a detailed report on the conditions of the lots.

AUCTION PREVIEWS

Previews are conducted by Monaco Legend Group prior to each auction and details of these exhibitions are found at the beginning of the catalogue or online. Previews are open to the public and prospective buyers are encouraged to view and examine lots offered for sale prior to making their purchases. Our specialists are available to give advice and Condition Report.

REGISTERING TO BID

To be approved for bidding, a copy of the following documents are required.

• A Government-issued proof of identity, such as a passport or ID card.
• If registering as a company, a proof of Company identity, such as a certificate of incorporation, VAT/Tax number. As well as proof of owners.
• A Bank Statement or Credit Card.
• A purchase invoices from an auction house. If applicable.

you can send us these documents from our website by logging into your account or by e-mail to the following address: anna@monacolegendgroup.com

Registration to bid will close 48 hours before the opening of a live auction to allow sufficient time for your information to be processed.

ADVANCE BIDING

Ahead of a live auction, you can place absentee bids.
To place absentee bids you must be approved for the auction (see Register to Bid). 
An absentee bid is a maximum amount you indicate for a lot.
The bid will be executed on your behalf by the auctioneer during the live auction, at the lowest price possible and never for more than the maximum amount.
In the event that two identical bids are received, the first bid received by Monaco Legend Group will take precedence.
Successful absentee bidders will be notified after the auction.
Monaco Legend Group cannot be held responsible for errors, omissions or late-arriving bids.
Bids must be submitted in the currency of the auction. 

Bid amounts do not include the buyer’s premium, applicable auction tax and VAT.
Any absentee bid cancellations must be received by email at least 24 hours before the opening of the live auction.

ONLINE ABSENTEE BIDDING

To place online absentee bids you must have an account created on Monaco Legend Auction website.
You will receive a confirmation of your absentee bid on screen and via email.
Online absentee bidding will close a few hours before the opening of the live auction. A countdown timer will be displayed on the website.

OFFLINE ABSENTEE BIDDING

To place offline absentee bids, return the auction form at least 24 hours before the opening of the live auction. Auction form is available on the auction catalogue or has to be downloaded from the auction overview page.

LIVE BIDDING

During a live auction, you can bid ONLINE, by TELEPHONE or IN THE ROOM.
To place live bids you must be approved for the auction (see Register to Bid). 
Live auction will begin when the auctioneer opens the first lot for bidding.
Live bids will be accepted in the order they are received and the highest bid placed will win each lot.

ONLINE LIVE BIDDING

To place online live bids you must have an account created on Monaco Legend Auction website.
Live bidding is accessible from our website and from our mobile app.
To place live bids from a mobile device you must use our mobile app “Monaco Legend Group Live” available for iOS and Android.

Our auction is also accessible for live bidding from the Invaluable website.
For bidders on Invaluable, an additional 5% fee will be charged in addition to the hammer price and buyer commission.

TELEPHONE BIDDING

To place telephone bids, please return the auction form at least 24 hours before the opening of the live auction.
Auction form is available on the auction catalogue or has to be downloaded from the auction overview page.
Monaco Legend Group will contact you and a saleroom representative will bid live with you over the phone.

We recommend that you consider leaving an absentee bid as well to avoid disappointment in the case we cannot reach you whilst the sale is happening. 
Language assistance for telephone bidding is available in English, French, Italian and Chinese.
This service is free of charge.

IN THE ROOM BIDDING

To bid in the room you can register in advance or directly at the auction venue up to 3 hours before the start of the opening of the auction in case you have been already approved in one of our previous auctions.

AUCTION PROCESS

Lots offered for sale are auctioned in numerical order as they appear in the catalogue. The lot being auctioned is announced by the auctioneer, as well as shown live or illustrated on a screen at the front of the saleroom.

SUCCESSFUL BIDS

When the auctioneer’s hammer falls, the final bid has been reached and the auctioneer will record the bidder’s paddle number, or the absentee bid number. If your bids have been successful, you will be notified by means of an invoice sent by e-mail. You are also welcome to call Monaco Legend Group the day after the auction to request the outcome of your bids.

RESULTS OF THE SALE

If you would like to know the result of your absentee bids, please contact:
Monaco Legend Group: +377 97 775 335

PAYMENT

Payment is due immediately after the sale.
Payment may be made by the following methods:

• Cash in euros up to €29,999
• Credit cards VISA or MASTERCARD
• Bank transfers to Monaco Legend Group

COLLECTION OF PURCHASES

Purchases can only be collected after payment. All lots can be collected immediately after the session upon presentation of written consent from the Accounting Department of Monaco Legend Group. We recommend that the buyers take delivery of their lots after the sale.

PREEMPTION RIGHT

The Monaco state in entitled to use a right of preemption on works of art. In accordance with the laws in force in Article 2-1 of the Law No. 1014 of 29 December 1978 concerning public sales of furniture. The use of this right comes immediately after the hammer stroke, the representative of the State expressing then the intention of the State to substitute for the last bidder, provided he confirms the preemption decision within fifteen days. In the absence of confirmation at the end of this period, the object will return to the highest bidder Monaco Legend Group SAM will not bear any liability/responsibility for the conditions of preemption by the State of Monaco.

IMPORT/EXPORT RESTRICTIONS AND TAXES

Buyers are advised that we will remove bands made of materials derived from endangered or otherwise protected species (i.e. alligator, caiman, lizard, snake…) prior to shipping lots abroad. Buyers are responsible for compliance with any applicable export and import regulations. Moreover certain items made of tortoiseshell, ivory may be subject to importation restrictions in certain countries.
Please consult your local customs authority for information on importing items made of these materials. The buyer is responsible for the payment of all applicable import and export duties and taxes related to the lots purchased.

CITES REGULATIONS

∆: The documents provided by the study “Monaco Legend Group” for the CITES articles of the species listed in the annexes A, B or C of the regulation CE338/97 are only valid in the EU. All the exits to a third country shall be subject to export or re-export permits granted by the CITES Management Authority. In the buyer’s country of residence. We advise you to approach the CITES Management Authority of the country of destination to obtain confirmation of the possibility of importing such articles. Some countries can prohibit the issuing of the documents according to their own specific legislation. These actions have to be taken by the buyer and at their own expense. Contact Monaco Legend Group for more information.

PROTECTION OF CULTURAL PROPERTY

Monaco Legend Group SAM follows a policy to prevent the sale of looted or stolen cultural property.

SHIPPING AND INSURANCE

It will be shipped directly to their location as per buyer’s instructions, with Ferrari Logistiques SAM, Monaco.
Please note that buyers are responsible for all shipping fees and any other applicable fees including value-added tax, customs duties, etc. for the importation to their respective countries.
Monaco Legend Group is not responsible for shipping clocks, furniture, voluminous and/or fragile items.