Lot

366

Valentino 1979 Black silk outfit composed of a long silk velvet skirt, sequin top and silk chiffon

In MODERN AND CONTEMPORARY ART - ONLY LIGHT - LUX...

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Florence, Italy

Valentino

1979

Black silk outfit composed of a long silk velvet skirt, sequin top and silk chiffon shrug. This very elegant outfit, from a private collection, was part of an exhibition dedicated to Valentino and Yves Saint Laurent at the Mazzucchelli Museums in Brescia.

taglia 38

Valentino

1979

Black silk outfit composed of a long silk velvet skirt, sequin top and silk chiffon shrug. This very elegant outfit, from a private collection, was part of an exhibition dedicated to Valentino and Yves Saint Laurent at the Mazzucchelli Museums in Brescia.

taglia 38

MODERN AND CONTEMPORARY ART - ONLY LIGHT - LUXURY VINTAGE

Sale Date(s)
Venue Address
Via di Poggio Imperiale 9
Florence
Italy
50125
Italy

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How to buy at auction

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Artist Resale right
European Union’s Artist’s Resale Right Directive has introduced the right of authors of original works and manuscripts, and their heirs, to an economic interest in every sale of the work concerned, following the first - the so-called “resale right”.

This royalty has to be paid when the sale price is over € 3.000,00 and it is calculated as follows:

1. 4% for the portion of the sale price from € 3.000,00 to € 50.000,00;
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3. 1% for the portion of the sale price from € 200.000,01 to € 350.000,00;
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5. 0,25% for the portion of the sale price exceeding € 500.000,00;
Florence Number Nine is bound to pay the “resale right” on behalf of the sellers to the Italian Society of Authors and Publishers (SIAE). The right will be withheld by FNN from the amount due to the seller.

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Bidding in person
You can participate in an auction by being physically present in the salesroom. To place a bid, you simply have to raise your paddle until the auctioneer acknowledges you.
Bids start from the so called “starting price”, which is published on the catalogue (please consider that the starting price is usually lower than the lot's estimate).
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Telephonic offer
You can participate in an auction via telephone.
Our operators will call you during the auction, reporting the offers made in the auction room and they will communicate the auctioneer your bid.
To participate via telephone you should send a written request no later than 12.00am of the day before the auction, using the form provided by FNN.
The requests will be satisfied within the limits of the availability of telephone lines at the time, with precedence given to the requests in order of receipt. We would therefore recommend customers to indicate in the request an offer that FNN can make on their behalf, solely in the event of technical connection problems.

Written offer (absentee bid)
You can participate in an auction also submitting a written offer, filling the appropriate form and indicating your maximum offer for a specific lot. FNN will bid on behalf of you, according your mandate. The filled in form has to reach the auction house no less than 12 hours before the scheduled time for the auction.

Bid raising
The starting price is the sum of the first valid offer and represents the base for the following bids.
The auctioneer usually raises the price by 10% of the last bid. In any case, the auctioneer may vary the rate of bid raising in the course of the auction.

Payment
The bought lots must be paid – in Euro - no later than the day after the sale, in one of the following ways:
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- bank draft payable to: FLORENCE NUMBER NINE srl
- wire transfer (bank details will be privately provided)
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Remedies for Non-Payment
If the buyer fails to make full payment as required within FNN’s conditions, FNN shall be entitled in its absolute discretion to exercise one or more of the following rights or remedies (in addition to asserting any other rights or remedies available to FNN and/or Seller by Italian and EU Law):
I. to charge interest at 1.5% per month on the sale price of the Lot in question;
II. to hold the defaulting buyer liable for the total amount due and to commence legal proceedings for its recovery together with interest, incidental charges and expenses and legal fees and costs on a full indemnity basis and any other payments to the fullest extent permitted under Italian and EU Law;
III. to cancel the sale of such Lot;
IV. to resell the Lot publicly or privately on such terms as FNN shall think fit;
V. to forfeit any amount placed with FNN by buyer in part payment to FNN or Seller (but this is without prejudice to FNN and Seller to claim for the balance amount due and owing by buyer);
VI. to reject at any future auction any bids made by or on behalf of the buyer or to obtain a deposit from the buyer before accepting any bids; and to take other actions as FNN in its absolute discretion deems necessary or appropriate.

Collecting your purchase
Regularly paid lots must be collected within 7 (seven) days at the purchaser's own expense and risk, except in the case of different agreement. If you are not able to collect your property within this deadline, you will be subject to handling and storage charges by FNN. FNN declines any responsibility concerning the conservation and safekeeping of the objects. Upon specific written instructions from the purchaser, FNN may, at the purchaser's own expense and risk, arrange for packaging and transport.

Conditions of sale
1. Sale mandate – Agent Florence Number Nine srl sells at auction, at its sale conditions, acting on behalf of the Consignor-Seller. The sale acts directly on the seller and the buyer, as FNN declines any responsibility except those expressed in the subscribed mandate.

2. Acknowledgment - The Consignor-Seller acknowledges that he/she is bound by these terms and conditions.

3. Commission - The Consignor pays a commission to the agent for every single contract. This commission is fixed by the parties between 8% and 15%. In addition, the Consignor has to pay IVA (VAT) according to law.

4. Reserve – The object's value will be determined in Euro. Every object will be accompanied by a confidential minimum sale price (so called “Reserve”) agreed by FNN and the Consignor. If any bid is below this price, the auctioneer may reject the advance, and the objects itself is not sold.

5. Auction – The highest bidder acknowledged by the auctioneer will be the purchaser and the price is understood cash. Transferring lots that have already been assigned to third doesn't concern FNN in any way. Only responsible for the payment of the lot is the acknowledged purchaser.
Those who wish to participate at an auction on behalf of somebody else, have to communicate it to FNN before the auctions starts. If the payment of the lots will be made by another person, FNN must receive from the bidder all the data of this person or society (name, surname, complete address, phone, mail).

6. During the auction the auctioneer has faculty to change the presentation order of the lots; to cancel the sale of a lot; to aggregate more lots; to split a lot into different lots.

7. The auctioneer has absolute discretion in assigning the lots; in the case of error or dispute, the auctioneer can decide to re-open the bidding starting from the highest offer acknowledged. The bid in person has always the priority on the bidding commission – (see n. 13)

8. Auction rights – In addition to the purchase price the buyer has to correspond FNN the following auction rights:
- 22% for objects sold at a price up to € 50.000,00;
- 20% for objects sold at a price between € 50.000,01 and € 100.000,00;
- 18% for objects sold at a price over € 100.000,01.
In addition, the buyer has to pay 22% IVA (VAT) according to law.

9. Unsold – If a lot is left unsold, the Consignor gives the auction house the faculty, for 45 days after the auction, to sell it on a private sale. In this case, the sale price will be equal to the Reserve price minus 10% or other price to fix in agreement with the Consignor.

10. Direct sale – If expressly requested by the Consignor, the auction house can sell a lot at a fixed price, with no bidding. Also in this case FNN acts as an agent. The commission due to the agent are the same expressed at n.3

11. Catalogue – Evaluations reported on the catalogue, expressed in Euro, are simply indicative.
The descriptions of the objects contained in it are merely an opinion, even if qualified, and the auction house declines any responsibility about them. Any complain has to be submitted in writing within 8 (eight) days from the purchase.

12. Exhibition – An exhibition of the auction property will be held prior to the auction.
The sales manager will be at everyone's disposal for any clarification. The exhibition gives opportunity to view, inspect and evaluate the property on sale, and to report inaccuracy or errors in the catalogue.
All objects are sold “As is”.

13. Purchase commission – FNN accepts offers in writing or via telephone from those who cannot be present in person at the auction. In this case lots will be purchased at the lower price possible, considering other offers and reserve prices. FNN is not responsible for any mistake in conducting an offer received in writing or via telephone. While filling the dedicated form, the bidder is warmly invited to double-check the lot's number, the description and the suggested price. Participating via telephone is allowed only if a written request has been submitted before the auction and approved by the auction house.
In the event of two equal bids for the same lot, the first one that had been submitted takes priority.

14. Payment - The bought lots (and relative commissions, taxes and rights) must be paid no later than the day after the sale.

15. Collecting your purchase - Regularly paid lots must be collected within 7 (seven) days at the purchaser's own expense and risk, except in the case of different agreement.
If you are not able to collect your property within this deadline, you will be subject to handling and storage charges by FNN. FNN declines any responsibility concerning the conservation and safekeeping of the objects.

16. Notified goods ex L. n. 1089/39 – Objects that are subject to notification under artt. 2,3 and 5 (Italian) law n. 1089 June 1, 1939, purchasers are bound to act in accordance with current law.
If the State exerts its right of first refusal, the purchaser will not ask neither FNN nor the Seller any refund on the price and the commissions already paid.

17. Export – The export of cultural goods within the EC is ruled by Legislative Decree - January 22, 2004 – while the export towards non-European countries is ruled by EEC regulations n.391/92 – December 9, 1992 - and further modifications.
FNN is not responsible for any export permit and cannot guarantee its release. In the absence of a required permit, the purchaser cannot revoke the purchase and its related payment.

18. Resale right – According to legislative decree n.118 – December 30, 2006 – the Consignor takes charge, if provided for by law, of the so called “Resale right”, that will be withhold from the net price due by the Agent, who will take care to repay it to SIAE.

19. Competent court – The above Conditions of Sale are automatically accepted by those who take part at the auction. For any controversy, the competence belongs to the court of Florence, Italy.

Auction rights and taxes
For each lot sold the purchaser must correspond to FNN a commission on the purchase price:
- 22% for objects sold at a price up to € 50.000,00;
- 20% for objects sold at a price between € 50.000,01 and € 100.000,00;
- 18% for objects sold at a price over € 100.000,01.
In addition, the purchaser has to pay 22% IVA (VAT) according to law.

IVA
The purchaser must correspond, when provided for by law, 22% IVA (VAT) calculated only on the Auction House's Rights.

Final price
The final price for the purchaser is calculated this way:
acknowledged hammered price, plus auction rights plus 22% IVA (calculated as described above).

Direct sale
If expressly requested by the Consignor, the auction house can sell a lot at a fixed price, with no bidding. Also in this case FNN acts as an agent. The commission due to the agent are calculated on the shown price as follow:

1. Single object sold at a price up to € 50.000,00: 22% up to the buyer (plus IVA)
2. Objects sold at a price between € 50.000,01 and € 100.000,00: 20% up to the buyer (plus IVA)
3. Objects sold at a price over € 100.000,01: 18% up to the buyer (plus IVA)

Evaluations
Florence Number Nine auction house's experts are at your disposal to provide estimates of your property. The estimates are simply indicative. The objects can be shown directly to the related department expert at our offices, upon phone appointment. It is also possible to submit via fax or e-mail photographic documentation of the object, together with all the basic info. We recommend to use the “Valuation request” form provided by FNN. For a better result, please submit clear photographs of the object from different angles, with enlargements and important details like signatures, stamps, etc. Don't forget to note the size, material, technique and any other relevant information, including previous valuations or expertise.
You will receive an answer by the same means as soon as possible, depending on the nature of the object itself (however no later than 30 days)
See Full Terms And Conditions