CONDITIONS GÉNÉRALES DE VENTE APPLICABLES A LA 164^e VENTE DES VINS DES HOSPICES CIVILS DE BEAUNE

Condition I: General

The Conditions of Sale herein govern the relations between, on the one hand, the Hospices civils de Beaune ("the Seller") and/or its agent, the company Sotheby's (France) S.A.S ("Sotheby's”), and, on the other hand, the buyers and bidders and their respective agents and right-holders, as part of the activity of the public auction of the Seller's property and, where applicable, the private sale of the property not auctioned during the public sale.

By registering for an auction, including through our Online Platforms, you agree to be bound by these Conditions of Business for Buyers.

Online Platforms means our websites, any Sotheby’s Group application, and any other online means through which we enable Bidders to bid on lots in our sales.

The Conditions of Sale herein may be affected or modified by any declaration made by the auctioneer, prior to auctioning the property in question. If you elect to bid or to participate in the auction through an Online Platform, you are responsible for making yourself aware of all salesroom notices and announcements, which will be available on the Online Platforms.

Any reference to the “Sotheby’s Group” in the Conditions of Sale is a reference to Sotheby’s Holdings UK Limited and any entities in which it holds, from time to time, directly or indirectly, more than 50% of the issued share capital; and each, a “Sotheby’s Group Company.”

Condition II: Bidder’s / buyer’s Warranties

(a) As bidder and/or buyer, you warrant that:

(i) you will provide to Sotheby’s, upon request, verification of identity and any additional information required to comply with Sotheby’s Know Your Client (“KYC”) requirements and/or the applicable law, failing which Sotheby’s shall be entitled either not to complete or to cancel the sale of any lot, as appropriate;

(ii) you are not subject to trade sanctions, embargoes or any other restriction on trade (A) in the jurisdiction in which you do business, and (B) that enforced, as well as under the laws of the European Union, the laws of France or the laws and regulations of the United States, and you are not owned (nor partly owned) or controlled by such sanctioned person(s) (collectively, “Sanctioned Person(s)”); and

(iii) the funds used for purchase and settlement of the lot(s) are not connected with nor have any link to nor are derived from any criminal activity, including without limitation tax evasion, money laundering, terrorist activities or other criminal activity, and you are neither under investigation, nor have been charged with or convicted of without limitation, tax evasion, money laundering, terrorist activities or other criminal activity.

(b) Where the bidder is bidding on behalf of another person or acting as agent (in either case, the “Agent”) for another party (the “Principal(s)”), the “bidder” or “buyer” shall refer to Principal and Agent jointly and severally unless otherwise expressly indicated and the Agent warrants in its own capacity (in addition to the warranties set out in Condition II(a)which are given jointly and severally by the Agent and the Principal) that:

(i) the Principal(s) is not a Sanctioned Person(s) nor owned (or partly owned) or controlled by Sanctioned Person(s);

(ii) the funds used for purchase and settlement of the lot(s) are not connected with, nor have any link to any criminal activity, including without limitation tax evasion, money laundering, terrorist activities or other criminal activity and that the arrangements between the Agent and the Principal(s) of the lot(s) or otherwise do not, in whole or in part facilitate tax crimes;

(iii) the lot(s) purchased by the Agent or the Principal(s) is not being purchased for the purposes of, or being used in any way connected with, or to facilitate breaches of any applicable tax, anti-money laundering or anti- terrorism laws or regulations;

(iv) the Agent has conducted appropriate customer due diligence on the Principal(s) of the lot(s) in accordance with all applicable anti-money laundering and sanctions laws and regulations and the Agent does not know and has no reason to suspect that the funds used for settlement are derived from or connected with proceeds of any criminal activity including without limitation tax evasion, or that the ultimate buyer(s) is under investigation, or has been charged with or convicted of money laundering, terrorist activities or other criminal activity;

(v) the Agent will disclose to Sotheby’s the identity of the Principal and will provide to Sotheby’s, upon request, verification of identity and any additional information required to comply with Sotheby’s KYC requirements and/or the applicable law with respect to the Agent and the Principal and/or to evidence the Agent’s authority to bid on behalf of the Principal and to bind the Principal. If the Agent fails to satisfy Sotheby’s KYC requirements, Sotheby’s shall be entitled either not to complete or to cancel the sale of any lot, as appropriate; and

(vi) none of the funds used for purchase and settlement will be funded by any Sanctioned Person(s), nor will any party involved in the transaction including financial institutions, freight forwarders or other forwarding agents or any other party be a Sanctioned Person(s) nor owned (or partly owned) or controlled by a Sanctioned Person(s), unless such activity is authorized in writing by the government authority having jurisdiction over the transaction or in applicable law or regulation.

(c) Sotheby’s reserves the right to seek identification of the source of funds received, and to make enquiries about any person transacting with Sotheby’s. If Sotheby’s has not completed its enquiries in respect of anti-money laundering, anti-terrorist financing or other checks as it considers appropriate concerning the bidder and/or buyer or the Seller to Sotheby’s satisfaction at its discretion, Sotheby’s shall be entitled either not to complete or to cancel the sale of any lot, as appropriate, and to take any further action required or permitted under applicable law without any liability to the bidder and/or buyer.

Condition III: Condition of sold lots

The wines and spirits offered for sale are contained in new barrels of approximately 228 litres or new and non-new half-barrels of approximately 114 litres, as the case may be, called « pièces » (“barrels”). They are sold as is, in the condition in which they are found at the time of sale.

If the content of a barrel is different for a lot, the information will be specified in the sale catalogue and/or on the page of the relevant lot on the Sotheby's website.

Condition IV: Catalogue descriptions

Sotheby’s shall exercise such due care when making express statements in catalogue descriptions, as amended by any sale room notices posted in the sale room prior to the opening of the auction or by announcements made by the auctioneer at the beginning of the auction and noted in the minutes of the sale, as is consistent with its role as a public auction house and in light of the information provided to it by the Seller, the knowledge and the generally accepted opinions of relevant experts, at the time any such express statement is made.

The presale estimates are only indicative and may be subject to revision any time prior to the sale.

Catalogue texts, illustration and photographs may not be reproduced without Sotheby’s and the Hospices Civils de Beaune express permissions.

Condition V: Bidding at auction

Although prospective bidders are advised to attend the sale, Sotheby’s may, upon request, execute absentee bids on their behalf, it being understood that Sotheby's, its agents or employees, are only bound by an obligation of means in performing this service. Sotheby’s also reserves the right to record telephone and online bids in the conditions provided by law.

Any person who is unable to attend the sale may bid online in advance of the auction or during the live auction.

All natural persons who bid are deemed to act on their own behalf. Every bidder who wants to act on behalf of another person, natural or legal, must notify it in writing to Sotheby’s prior to the sale. Sotheby’s reserves the right to refuse if the represented person is not sufficiently known to Sotheby’s. In any event, the bidder remains jointly and severally liable with the person that he/she represents for the fulfilment of the obligations incumbent upon any buyer pursuant to the law and the Conditions of Sale herein. In the case of a challenge by the represented person, Sotheby’s has the right to hold the bidder solely responsible for the bid in question.

Condition VI: The sale – Option to Buy Parcels

The auctioneer auctions the lots and is responsible for the security of the sale. The auctioneer is entitled to take any action he thinks fit in order to maintain order.

At the beginning of each auction, the auctioneer will inform the audience of the rules of the sale and how to place bids.

Each lot corresponds to one barrel of wine or spirit. The barrels are grouped by cuvées and each cuvée is subdivided into series of several barrels, designed by a letter.

The auctioneer directing the sale will auction successively all the lots of the same cuvée and, within the cuvée, all the lots of the same series. The auctioneer may commence and advance the bidding at levels and in increments he considers appropriate and may advance the bidding until the reserve is reached.

When the first barrel in a series has been awarded, the auctioneer directing the sale will ask the successful bidder whether he intends to exercise the multiplication option, which is the opportunity of buying a further barrel, or barrels, at the same hammer price. If the successful bidder uses this option, he/she will indicate that he/she intends to acquire all or part of the lots in this series at the same price as the first barrel awarded to him. He/she then will pay a total price corresponding to the purchase price of the barrel awarded to him/her (including commissions and fees) multiplied by the number of barrels he/she has indicated. If the buyer of the first barrel does not use this multiplication option or only partially uses it, the auctioneer will auction the first barrel of the same series, which was not acquired by the first buyer. The buyer of this second auctioned barrel will in turn be able to use the multiplication option on the barrel of the series remaining for sale, and so on within the same series.

In case of doubt over the validity of a bid, including simultaneous bids, the auctioneer may, at his discretion, cancel the bid and re-open the bidding for that lot.

If a buyer has defaulted on payment of an earlier purchase or in case of payment problems is likely to jeopardize the smooth running and security of the auction, Sotheby’s may refuse the bid placed by such buyer or a bid placed on such buyer’s behalf.

During the sale, a video screen can be installed to display various information about the current auction, including images or videos. This information is purely indicative and Sotheby's assumes no responsibility for any errors or technical problems which could affect the accuracy or quality of this information, images or videos.

We offer the Online Platforms as a convenience to clients. The application that enables participation via the Online Platforms is optimized for broadband connectivity (DSL or cable modem). Broadband or other internet capacity constraints, corporate firewalls and other technical problems beyond our reasonable control may create difficulties for some users including, for example, in relation to accessing an auction via the Online Platforms and in maintaining continuity of such access. Neither we nor the Seller will be liable to you for any failure to execute bids through our Online Platforms, or errors or omissions in connection therewith, including, without limitation, errors or failures caused by (1) any loss of connection between you and our Online Platforms; (2) a breakdown on or problem with our Online Platforms or other technical services; or (3) a breakdown or problem with your internet connection, computer, mobile device or system.

Condition VII: Adjudication – Bidding re-opening – Transfer of ownership

The highest and final bidder is the buyer, subject to the multiplication option and the auctioneer accepting the final bid by declaring the lot sold.

A selling contract between the Seller and the buyer will then be formed unless, after a lot has been sold, it appears to the auctioneer that an error has been made or there is a dispute. In those circumstances the auctioneer may, in his absolute discretion, decide that the sale has not been successfully concluded and may, depending on the circumstances, determine the successful bidder, re-open the bidding, cancel the sale or re-offer and resell the lot. This can only be done before the auctioneer has declared the selling session closed. All sales will be final at the close of the selling session. If any dispute arises after the sale, our sale record is conclusive.

Title to the property will pass to the buyer only after Sotheby’s has received in full in cleared funds the hammer price, the buyer’s premium, overhead premium, and any sale expenses due. Until full payment, title to the property remains to the Seller.

Condition VIII: Transfer of risk

Unless otherwise agreed between a buyer and the Seller, all risks in the property will pass to the buyer after the sale, even though ownership has not yet been transferred.

Condition IX: Buyer’s premium – Overhead premium – Barrel fees – VAT

The buyer shall pay to Sotheby’s a buyer’s premium, overhead premium, and barrel fees, which will be added to the hammer price and are payable by the buyer as part of the total purchase price.

Sotheby’s buyer’s premium is 7% of the hammer price, to which is added VAT or amount in lieu of VAT at the applicable rate applied to the premium, which is collected by Sotheby’s.

The overhead premium is 1% of the hammer price plus any applicable VAT or amount in lieu of VAT at the applicable rate.

No buyer’s premium and overhead premium will be charged by Sotheby's on the lot named « Pièce de Charité » ("Charity’s Barrel"). For each lot (except the Charity's Barrel), the barrel fees will be:

- 842 Euros excluding taxes for new barrels of 228 litres (white wines, red wines, spirits);

- 400 Euros excluding taxes for new half-barrels of 114 litres;

- 200 Euros excluding taxes for non-new half-barrels of 114 litres.

The lots are put up for sale under the VAT regime on the total price. VAT at the applicable rate (currently 20%) will therefore be due on the hammer price, as well as on commissions and fees payable by the buyer.

Condition X: Payment

For each lot awarded, the buyer must pay, no later than December 31, 2024, the following the date of the sale (hereinafter the "Payment Deadline"), the amount of the hammer price, increased by the buyer’s premium, overhead premium and barrel fees. Duties and taxes related to the transaction will be the responsibility of the buyer.

The buyer will make payment to Sotheby’s:

- by check in Euros;

- by transfer in Euros to the Sotheby's account:

HSBC Continental Europe

38 avenue Kléber

75116 Paris, France

SWIFT code: CCFRFRPP

IBAN: FR 76 30056 00050 00502497340 26

Any buyer who will make payment for all of his/her purchases at the latest on December 31, 2024, will benefit from a 2% discount on the hammer price excluding taxes (not applicable on the buyer’s premium, overhead premium and barrel fees), it being specified that this discount is not applicable to the Charity’s Barrel.

Any amount owed by a buyer, which has not been paid by the Payment Deadline, will give rise to the collection of late interest. Late interest will run from the Payment Deadline to the date of actual payment of the amount due. Its rate will be equal to the legal interest rate applicable to debts between professionals, increased by three (3) percentage points.

Pursuant to article L. 321-6 of the French commercial Code, funds held by Sotheby’s on behalf of third parties are held on accounts opened for this sole purpose in a credit institution. In addition, Sotheby’s has arrangements with insurance or security companies guaranteeing the availability of these funds.

Condition XI: Recognition of wines and removal

The recognition of the wines must be made by the buyers within two weeks of the auction. After this period, recognition will be deemed to have been made and the Seller and Sotheby’s will be released from all liability.

A transaction declaration must be made to SIQOCERT, the external control and certification body for Burgundy AOCs and IGPs, before the removal of the lots.

All administrative formalities will be the responsibility of the buyers. Even if Sotheby’s requires proof of the completion of these formalities and the payment of all duties and taxes payable, the buyers will remain exclusively responsible and bear all the consequences of any breaches.

The buyers will collect the lots at their own expense. This must be done no later than January 31, 2025, the "Collection Deadline"). However, depending on the results of the analyzes concerning the residual sugars and/or the malolactic fermentation in progress, this period may be postponed at most to February 28, 2025 by the Seller. No storage costs for this additional period.

No removal may be made until (i) Sotheby's has received full payment of the amounts due, increased by any related taxes, or has received a satisfactory payment guarantee, and (ii) the buyer has not provided Sotheby's with all the required supporting documents concerning his/her identity, the completion of the required formalities and the payment of all applicable duties and taxes.

Condition XII: Discount for early removal

The Seller will grant a 2% discount on the hammer price to any buyer who has paid all amounts due before the Payment Deadline who will collect them before January 31, 2025. After this date, no refund will be made by the Seller. Please note that these discounts are only applicable for wines and not applicable to alcohols and to the Charity’s Barrel.

Condition XIII: Consequences for the buyer of a default payment

Any buyer who has not made payment of the amounts due by the Payment Deadline and who, after a formal notice has been sent to him/her, does not make said payment, will be deemed to be in default.

The Seller may then, at his discretion, either pursue the defaulting buyer to forced sale, or notify him/her of the cancellation of the sale by operation of law, of the lot(s) that have been awarded to him. In all cases, the defaulting buyer will continue to be required to pay Sotheby's the amount corresponding to the buyer’s premium and overhead premium mentioned in Condition IX. He/she must also indemnify the Seller and Sotheby's for all the costs they have incurred as a result of his/her default of payment, in particular legal costs and costs related to organizing the resale of the lots.

Condition XIV: Aging, bottling and labeling

The barrels of wine purchased can only be entrusted for their ageing to a burgundy’s merchant/wine-maturer located in the Burgundy production region. They should be bottled in traditional Burgundy bottles, in the same region of production. The bottles may only be offered for sale, both in France and abroad, if they bear the main label "Hospices de Beaune" mentioning the appellation, the name of the cuvée and the vintage.

For the wines awarded at this sale, the Seller will provide the main label for the following packaging free of charge 37.5cl, 75cl and 150cl if requested to do so by December 31, 2027 at the latest. Any labeling of other packaging will be the responsibility of the buyers. Beyond the date mentioned above, the acquisition of labels will be the responsibility of the applicant for all types of packaging.

At the request of the buyer, the main label may be supplemented by the indication of the name, company name and address of the merchant/wine- maturer, as well as by the indication of the name of the buyer. This additional indication will, in all cases, be the responsibility of the buyer.

The labels provided by the Vendor free of charge are traditional (non-adhesive), it being specified that this provision excludes the cost of re-sticking.

Condition XV: Uncollected lots by the buyer

The lots which have not been collected by the buyer by the Collection Deadline (as possibly postponed by the Seller according to what is provided for in Condition XI) will remain with the Seller at the buyer's expense. The applicable rate will be as follows:

First month: 1% of the hammer price

Second month: 2% of the hammer price

Third month: 3% of the hammer price

Fourth month: 4% of the hammer price

Fifth month: 5% of the hammer price

Sixth month: 6% of the hammer price.

These storage fees will be due from the first day of each month and will be cumulative. So, for example, storage costs will reach 10% of the hammer price from the first day of the fourth month.

If the collection is not carried out by the expiration of the sixth month following the Collection Deadline, the sale will be cancelled by operation of law and all sums paid by the buyer (including storage costs) will remain acquired from the Seller and Sotheby's.

Condition XVI: Data Protection

For the purposes of organizing the sale and carrying out the resulting transactions, Sotheby's holds and processes the personal information communicated by bidders and buyers. The sharing of this data with the Sotheby's Group Companies will be carried out in accordance with our Privacy Policy published on our website at www.sothebys.com or available on request by email to enquiries@sothebys.com. We may film auctions or other activities on any Sotheby’s Group Company’s premises and such recordings may be transmitted over the internet via our website or other Online Platforms or social media. Online and telephone bids may be recorded and you agree to such recording.

Condition XVII: Applicable Law – Jurisdiction – Severability

The sale (including all online bids) governed by the Conditions of Sale herein is subject to French law. Pursuant to article L. 321-37 of the French commercial Code, the Judicial Tribunal of Paris has exclusive jurisdiction on all claims relating to sale activities to which Sotheby’s is a party.

By taking part in the sale, the bidders and buyers accept that any dispute relating to it which cannot be resolved amicably, including any liability action which may be brought against Sotheby's, will be decided by the Judicial Tribunal of Dijon, which it is made exclusive attribution of competence. Pursuant to article L. 321-17 of the French commercial Code, civil liability proceedings relating to voluntary auction sales are subject to a five-year limitation period starting from the date of the auction.

Should any provision of these Conditions of Sale be held unenforceable for any reason, the remaining provisions will remain in full force and effect.

Should there be any discrepancy between the English version and the French version of the Conditions of Sale, the French version of the Conditions of Sale is the only version with legal effect.

October 2024

INFORMATIONS IMPORTANTES DESTINÉES AUX ACHETEURS

La vente est soumise à la législation française et aux Conditions Générales de Vente applicables à la 164^e Vente des Vins des Hospices Civils de Beaune, imprimées dans ce catalogue et disponibles sur le site Internet de Sotheby’s.

Il est important de lire attentivement les informations qui suivent car elles contiennent des renseignements utiles sur la manière de prendre part aux enchères. Les équipes de Sotheby’s se tiennent à votre disposition pour vous assister. Il est aussi recommandé de consulter le site www.sothebys.com pour prendre connaissance de toute information concernant les lots mis en vente qui pourrait être diffusée postérieurement à l’édition du catalogue.

Nous vous rappelons que les obligations déontologiques des opérateurs de ventes volontaires de meubles aux enchères publiques sont précisées dans un recueil qui a été approuvé par arrêté ministériel en date du 30 mars 2022. Ce recueil peut notamment être consulté sur le site www.conseilmaisonsdevente.fr. Le commissaire du Gouvernement auprès du Conseil des maisons de vente peut être saisi par écrit de toute difficulté en vue de parvenir, le cas échéant, à une solution amiable.

1. AVANT LA VENTE

Caractère indicatif des estimations : Les estimations faites avant la vente sont fournies à titre purement indicatif. Nous vous rappelons que les estimations peuvent faire l’objet d’ajustements après l’édition du catalogue. Les estimations ne prennent pas en compte les commissions, frais et taxes mis à la charge des acheteurs.

État des lots : Des notes de dégustation détaillées sont disponibles sur le site internet de Sotheby’s. Il s’agit d’avis subjectifs qui n’engagent pas la responsabilité de Sotheby’s. Tous les lots sont vendus dans l’état où ils se trouvent au moment de la vente. Aucune réclamation ne sera possible à cet égard. Il est de la responsabilité des enchérisseurs de se renseigner activement sur les lots avant la vente. Les enchérisseurs peuvent contacter les spécialistes de Sotheby’s à cet effet.

2. LES ENCHÈRES

Les enchères seront conduites en euros. Un convertisseur de devises sera visible dans la salle pendant les enchères à titre purement indicatif, seul le prix en euro faisant foi.

Faculté de multiplication : Les pièces de vin et d’alcool mises en vente par les Hospices Civils de Beaune sont présentées aux enchères par cuvées. Toutes les pièces d’une même cuvée sont identiques (même vin, même quantité) et chaque pièce constitue un lot. Chaque cuvée mise en vente est subdivisée en séries de plusieurs pièces, désignées par une lettre (« Série A », « Série B », etc.), au sein desquelles peut s’appliquer la faculté de multiplication. Cela signifie que l’adjudicataire de la première pièce d’une série a la possibilité d’acquérir tout ou partie des autres pièces de cette série, au même prix que celle qui vient de lui être adjugée. Si l’adjudicataire use de cette faculté, il paiera un prix total correspondant au prix d’achat de la pièce qui lui a été adjugée (incluant les commissions et frais) multiplié par le nombre de pièces qu’il aura indiqué. Si l’adjudicataire de la première pièce n’utilise pas cette faculté de multiplication ou ne l’utilise que partiellement, le commissaire-priseur mettra aux enchères la première des pièces de la même série, non acquises par le premier adjudicataire. L’adjudicataire de cette seconde pièce mise aux enchères pourra à son tour user de la faculté de multiplication sur les pièces de la série restant à vendre, et ainsi de suite au sein de la même série.

Enchères en salle : Pour enchérir en personne dans la salle, vous devrez vous faire enregistrer 30 minutes avant que la vente aux enchères commence, afin d’obtenir une raquette numérotée. Vous devrez présenter une pièce d’identité et des références bancaires. Si vous enchérissez pour la première fois chez Sotheby’s, nous vous demanderons également votre adresse, votre numéro de téléphone, votre courriel et votre signature pour créer votre compte.

La raquette est utilisée pour signaler vos enchères au commissaire-priseur dirigeant la vente. Si vous souhaitez enchérir sur un lot, assurez-vous que votre raquette et son numéro soient bien visibles par la personne dirigeant la vente. S’il y a le moindre doute concernant l’enchérisseur ou le niveau de l’enchère portée, attirez immédiatement l’attention du commissaire-priseur sur ce point.

Tous les biens vendus seront facturés aux nom et adresse inscrits lors de l’enregistrement de la raquette. Aucune modification ne pourra être faite.

En cas de perte de votre raquette, merci d’en informer immédiatement l’un des clercs de la vente. À la fin de chaque session de vente, vous voudrez bien restituer votre raquette au guichet des enregistrements.

Enchères portées par un mandataire : Tout enchérisseur est réputé agir à titre personnel et en son nom propre. Si vous êtes mandaté par une autre personne physique pour enchérir, vous devez nous le notifier, au moment de vous enregistrer, en nous communiquant un mandat écrit de cette personne, accompagné de tous les justificatifs pertinents concernant l’identité et l’adresse du mandant. Si vous enchérissez au nom d’une personne morale, vous devez nous communiquer tous justificatifs pertinents concernant cette dernière et concernant votre habilitation à agir pour son compte. Dans tous les cas, vous demeurerez solidairement responsable du paiement du prix d’adjudication avec la personne, physique ou morale, que vous représentez. En cas de contestation de la part de la personne représentée, Sotheby’s pourra tenir le mandataire seul responsable de l’enchère qu’il a portée.

Enchères par téléphone : Si vous ne pouvez être présent dans la salle lors de la vente aux enchères, vous pouvez enchérir par téléphone. Des membres du personnel de Sotheby’s parlant plusieurs langues sont à votre disposition pour recueillir les enchères par téléphone. Ce service est fourni à titre gratuit. Le nombre de lignes téléphoniques disponibles à cet effet étant limité, il est nécessaire, si vous souhaitez bénéficier de ce service, de vous signaler au moins 24 heures avant la vente. Sotheby’s n’est tenue qu’à une obligation de moyen dans la fourniture du service et ne sera pas responsable s’il n’est pas possible de vous joindre, si la qualité de la communication n’est pas suffisante ou si des problèmes techniques affectent ou interrompent la liaison. C’est pourquoi, nous vous recommandons de nous transmettre également, par sécurité, un ordre d’achat écrit que nous pourrons exécuter en votre nom au cas où la liaison téléphonique ne pourrait être établie ou serait interrompue.

Les enchères par téléphone font l’objet d’un enregistrement. Le contenu de cet enregistrement n’est exploité qu’en cas de contestation concernant les enchères portées et leur traitement.

Enchères en ligne : Si vous ne pouvez être présent dans la salle lors de la vente aux enchères, vous pouvez également enchérir en ligne. Pour tout renseignement concernant les enchères en ligne, veuillez consulter notre site internet sothebys.com. Nous attirons votre attention sur le fait qu’en fonction des contingences techniques, la prise en compte des enchères portées en ligne par nos systèmes informatiques et leur affichage sur l’écran de contrôle de la personne dirigeant la vente peuvent nécessiter un petit délai.

Ordres d’achat : Si vous ne pouvez pas vous rendre personnellement disponible pour prendre part à la vente aux enchères, nous pourrons exécuter vos ordres d’achat écrits. Ce service est gratuit et confidentiel. Vous trouverez un formulaire d’ordre d’achat à la fin de ce catalogue. Tout ordre doit indiquer le prix d’adjudication (« prix marteau ») à ne pas dépasser. Les ordres ne fixant pas de limite maximale ou « ordres d’achat à tout prix » ne seront pas exécutés. Si nous recevons plusieurs ordres d’achat d’un montant égal pour un même lot, nous exécuterons l’ordre que nous aurons reçu en premier.

Les ordres d'achat peuvent être :

-par courriel : hospicesdebeaune@sothebys.com

-adressés par la poste à Sotheby’s à Paris,

-remis directement dans les locaux de Sotheby’s à Paris.

Dans tous les cas, vos ordres d’achat écrits devront avoir été reçus au moins 24 heures avant la vente. Nous ne garantissons pas l’exécution des ordres que nous aurons reçus passé ce délai.

Eu égard à la faculté de multiplication existant dans la vente aux enchères des Hospices civils de Beaune (voir ci-dessus), vos ordres d’achat seront réputés porter sur la première pièce de la première série de la cuvée que vous aurez mentionnée. Si la première pièce de la première série ne vous est pas adjugée, Sotheby’s exécutera automatiquement votre ordre sur la pièce suivante de la même cuvée qui sera mise aux enchères, et ainsi de suite jusqu’à ce qu’une pièce de cette cuvée vous ait été adjugée ou que la mise aux enchères des pièce de la cuvée soit achevée. Vous devrez par ailleurs préciser dans votre ordre si vous entendez bénéficier de la faculté de multiplication dans le cas où une pièce vous serait adjugée, et dans quelle limite. Sans indication sur ce point dans l’ordre d’achat, celui-ci ne sera exécuté que pour une seule pièce.

La Pièce de Charité : Les personnalités parrainant la vente assisteront le commissaire-priseur lors de l’adjudication de la Pièce de Charité. Eu égard à la destination caritative des fonds provenant de la vente de la Pièce de Charité, le paiement de son prix par l’adjudicataire sera décomposé en deux fractions : (i) Sotheby’s facturera à l’adjudicataire un prix marchand correspondant au prix moyen d'adjudication (prix marteau) des pièces issues de la même cuvée ayant été adjugées lors de la vente et (ii) la différence entre le prix marchand facturé par Sotheby’s et le prix d’adjudication de la Pièce de Charité sera versée directement par l’adjudicataire aux œuvres caritatives bénéficiaires à titre de don, susceptible d’ouvrir droit à une déduction fiscale pour l’adjudicataire selon sa situation. Un reçu fiscal sera délivré en contrepartie du versement de la somme mentionnée au (ii), étant précisé qu’il appartiendra à l’adjudicataire de s’assurer qu’il est éligible à une déduction fiscale. Le paiement de la totalité des sommes mentionnées au (i) et au (ii) devra être effectué au plus tard le 31 décembre 2024.

Enchères à la bougie : La Pièce de Charité sera présentée aux enchères selon la méthode traditionnelle de vente « à la bougie ». L’adjudication sera alors prononcée par le commissaire-priseur habilité après l’extinction du feu, si aucune nouvelle enchère n’est survenue pendant sa durée.

Tableau Convertisseur : Pour assister les enchérisseurs, un tableau d’affichage pourra être installé dans la salle de vente, sur lequel seront indiqués le numéro du lot mis aux enchères, le montant en euros de la dernière enchère portée et les montants correspondants en diverses devises étrangères. Il vous est expressément indiqué que les montants affichés en devises sont des approximations fondées sur les taux de conversion dont Sotheby’s a connaissance à la date de la vente. Sotheby’s ne garantit nullement que les montants en devises étrangères que les adjudicataires devront convertir pour procéder aux paiements en euros des lots qu’ils auront achetés correspondront aux montants ainsi affichés.

3. LA VENTE

Conditions Générales de Vente : La vente aux enchères est régie par les Conditions Générales de Vente figurant dans ce catalogue et disponibles sur le site internet de Sotheby’s. Quiconque a l’intention d’enchérir doit lire attentivement les Conditions Générales de Vente. Celles-ci peuvent être, le cas échéant, complétées ou modifiées avant la vente par affichage dans la salle des ventes ou par des annonces faites au début de la vente par la personne habilitée à diriger celle-ci et par affichage sur le site internet de Sotheby’s.

Déroulement de la vente : La personne habilitée à diriger la vente fixe la mise à prix des lots au niveau qu’elle juge approprié. Elle peut porter des enchères, pour le compte du vendeur, jusqu’à atteindre le prix de réserve.

4. APRÈS LA VENTE

Les adjudicataires recevront une facture détaillant leurs achats et indiquant les modalités de paiement.

Résultats de la vente : Si vous souhaitez obtenir des renseignements sur l’exécution de vos ordres d’achat, veuillez téléphoner à Sotheby’s au : +33 (0)1 53 05 53 34.

Paiement des lots adjugés : Le paiement doit être effectué immédiatement après la vente. Il peut être fait :

- par virement bancaire en euros ;

- par chèque de banque en euros ;

- par chèque en euros ;

- par carte de crédit (Visa, Mastercard, American Express, CUP), veuillez cependant noter que le montant maximum de paiement autorisé par carte de crédit est 40.000 € ;

Sotheby’s demande à tout nouveau client et à tout acheteur de fournir une preuve d’identité (sous forme d’une pièce d’identité comportant une photographie, telle que passeport, carte d’identité ou permis de conduire), ainsi qu’un justificatif de domicile. Sotheby’s pourra refuser tout paiement fait par une personne autre que l’enchérisseur enregistré lors de la vente. Dans tous les cas, Sotheby’s se réserve le droit de vérifier la provenance des fonds reçus.

Les chèques seront libellés à l’ordre de Sotheby’s. Aucun lot ne sera délivré avant que Sotheby’s ait procédé à l’encaissement du chèque reçu en paiement, ce qui peut prendre plusieurs jours, voire plusieurs semaines pour les chèques tirés sur une banque étrangère.

Les virements bancaires seront effectués à l’ordre de :

HSBC Continental Europe

38, avenue Kléber

75116 Paris

Nom de compte : Sotheby’s (France) S.A.S.

Numéro de compte : 30056 00050 00502497340 26

IBAN : FR 76 30056 00050 00502497340 26

SWIFT : CCFRFRPP

Veuillez indiquer dans les instructions de paiement à votre banque votre nom, votre numéro de compte chez Sotheby’s et le numéro de la facture.

Aucun frais ne sera prélevé sur les paiements par Mastercard et Visa.

Enlèvement des achats : Les achats ne peuvent être enlevés qu’après leur complet paiement et après que l’acheteur a remis à Sotheby’s tout justificatif pertinent concernant son identité et, le cas échéant, la provenance des fonds. Les biens adjugés qui, pour quelque cause que ce soit, n’auront pas été enlevés par leur acquéreur dans les délais fixés par les Conditions Générales de Vente, seront entreposés, aux frais, risques et périls de l’acquéreur, selon ce qui est indiqué dans les Conditions Générales de Vente. Les lots qui n’auront pas été enlevés dans les six mois suivant la date limite fixée par les Conditions Générales de Vente verront leur vente annulée.

Assurance : Sotheby’s et le Vendeur ne seront pas responsables des pertes et dommages que les lots adjugés pourraient subir à compter de leur complet paiement. Il appartient aux acheteurs de souscrire une assurance pour perte ou dommage survenant à compter du règlement de leurs achats.

Exportation : L’exportation de tout bien hors de France et l’importation dans le pays de destination peuvent être soumises à l’obtention d’une ou plusieurs autorisation(s) d’exporter ou d’importer. Il est de la responsabilité de l’acheteur d’obtenir ces autorisations. Le fait qu’une autorisation d’exportation ou d’importation d’un bien soit refusée ou que son obtention prenne du temps ne peut en aucun cas justifier l’annulation de la vente ni un retard dans le paiement de son prix.

Sales Tax et Use Tax (taxes applicables dans certains Etats aux Etats-Unis d’Amérique)

Les acheteurs sont informés que des taxes locales de vente Sale Tax ou de consommation Use Tax sont susceptibles de s’appliquer lors de l’importation de biens dans certains pays suite à leur achat en France (à titre d’exemple, une Use tax est susceptible d’être due lorsque des biens sont importés dans certains États américains). Les acheteurs sont tenus de se renseigner par leurs propres moyens sur ces taxes locales.

Dans le cas où Sotheby’s procède, pour le compte d’un acheteur dans une de ses ventes, à la livraison d’un bien à destination d’un état dans lequel Sotheby’s est enregistrée aux fins de collecter des Sales Taxes, Sotheby’s est tenue de collecter et de remettre à l’état concerné la Sales Tax/Use Tax applicable sur le prix d’achat total de ces biens (y compris le prix d’adjudication, la commission d’achat, la commission de frais généraux, tous les frais de transport et d’assurance applicables et tous autres frais à la charge de l’acheteur, le cas échéant), quels que soient le pays de résidence ou la nationalité de l’acheteur. Lorsque l’acheteur a fourni à Sotheby’s, avant la remise du bien, un certificat d’exonération valable pour les biens destinés à la revente (Resale Exemption Certificate), la Sale Tax/Use Tax ne sera pas prélevée.

Nous recommandons aux clients qui souhaitent fournir des documents relatifs à la revente ou à l’exonération de taxe de leurs achats et/ou aux clients qui souhaitent que les lots qu’ils ont achetés soient expédiés aux Etats-Unis d’Amérique par Sotheby’s, de contacter le Post Sale Services.

Les clients souhaitant que l’expédition de leur lot aux Etats-Unis soit organisée par Sotheby’s doivent contacter le responsable du Post Sale Service mentionné dans ce catalogue avant d’organiser l’expédition du lot.

Sanctions économiques : Les Etats-Unis, le Royaume-Uni et l’Union européenne imposent des sanctions économiques et commerciales à certains pays, groupes ou organisations. Il peut exister des restrictions à l’importation aux Etats-Unis, au Royaume-Uni et dans l’Union européenne de certains biens provenant de pays sanctionnés. Le fait que l’acquéreur d’un bien ne puisse l’importer dans ces pays ou dans un autre pays en raison de mesures de sanctions n’est pas une cause d’annulation de la vente ni ne justifie un retard de paiement. Merci de prendre contact avec Sotheby’s si vous avez des doutes concernant l’application à un lot de mesures restreignant les importations ou les exportations.

TVA : Les lots seront mis en vente sous le régime de la TVA sur le prix total, au taux de 20%. Cette TVA sera due sur le prix d’adjudication ainsi que sur les frais à la charge de l’acheteur. Sous certaines conditions, les lots pourront être réglés en suspension de TVA, et, dans certains cas spécifiques, la TVA pourra être remboursée à l’acheteur au plus tard le 31 mai 2025. Il est précisé que la facturation est réalisée par lot et que la TVA ne peut donc pas être traitée par fraction de lot. Pour de plus amples informations, merci de contacter : hospicesdebeaune@sothebys.com.

INFORMATION TO BUYERS

All property is being offered subject to French Law, to the Conditions of Sale applicable to the 164^th Sale of Hospices Civils de Beaune Wines, printed in this catalogue and which are available on Sotheby’s website.

The following are intended to give you useful information on how to participate in an auction. Our staff will be happy to assist you. Please refer to the Sales Enquiries and Information section of this catalogue. It is important that you read the following information carefully. Prospective bidders should also consult www.sothebys.com for the most up to date cataloguing of the property in this catalogue.

Please note that French auction houses are subject to rules of professional conduct. These rules are specified in a code approved by a ministerial order of 30 March 2022. This document is available (in French) on the website of the regulatory body www.conseilmaisonsdevente.fr. A commissioner at the Conseil des maisons de vente (regulatory body) can be contacted in writing for any issue and will assist, if necessary, in finding an amicable solution.

1. BEFORE THE AUCTION

Pre-sale Estimates: The pre-sale estimates are intended purely as a guide for prospective buyers. It is always advisable to consult us nearer the time of sale as estimates can be subject to revision. The estimates do not include the buyer’s premium, the overhead premium, any applicable VAT or other fees and taxes.

Condition of the lots: Detailed tasting notes are available on Sotheby's website. These are subjective opinions and do not engage the responsibility of Sotheby's. All lots are sold in the condition in which they are found at the time of the sale. No claim can be accepted in this regard. It is the responsibility of the prospective bidders to actively inquire about the lots before the sale. Prospective buyers may contact the auction’s experts for this purpose.

2. BIDDING IN THE SALE

The auctions will be conducted in Euros. A currency converter will be operated in the salesroom solely for Information purposes, only the Euro price is accurate.

Option to Buy Parcels: The barrels of wine and spirits sold by the Hospices Civils de Beaune are auctioned by cuvées. All the barrels from the same cuvée are identical (same wine, same quantity) and each barrel constitutes a lot. Each cuvée offered for sale is subdivided into series of several barrels, designated by a letter ("Série A", "Série B", etc.). The first barrel of each series will be offered for sale with the opportunity of buying a further barrel, or barrels, at the same hammer price. This means that the successful bidder of the first barrel in a series has the option of acquiring all or part of the other barrels in this series, at the same price as the one just awarded to him/her. If the successful bidder uses this option, he/she will pay a total price corresponding to the purchase price of the barrel awarded to him/her (including commissions and costs) multiplied by the number of barrels he/she has indicated. If the buyer of the first barrel does not use this multiplication option or only partially uses it, the auctioneer will auction the first barrel of the same series, which was not acquired by the first buyer. The buyer of this second auctioned barrel will in turn be able to use the multiplication option on the barrel of the series remaining for sale, and so on within the same series.

Bidding in Person at the live auction: To bid in person at the auction, you will need to register for and collect a numbered paddle, 30 minutes before the auction begins. Proof of identity and bank references will be required. If you are a first-time bidder, you will also be asked for your address, phone number, email address and signature to create your account.

The paddle is used to indicate your bids to the auctioneer during the auction. If you wish to bid on a lot please ensure that the auctioneer can see your paddle and that it is your number that is called out. Should there be any doubts as to price or buyer, please draw the auctioneer’s attention to it immediately.

Sotheby’s will invoice all property sold to the name and address in which the paddle has been registered and invoices cannot be transferred to other names and addresses.

In the event of loss of your paddle, please inform the salesclerk immediately. At the end of the sale, please return your paddle to the registration desk.

Bidding as Principal: If you make a bid at auction, you do so as principal and Sotheby’s may hold you personally and solely liable for that bid unless it has been previously agreed that you are bidding on behalf of an identified and acceptable third party and you have produced a valid written power of attorney acceptable to us. If you bid on behalf of a legal person, you must provide us with all the supporting documents relating to the latter and your authorization to act on its behalf. In all cases, you remain jointly and severally liable for the payment of the hammer price with the person, natural or legal person, that you represent. In the event of a dispute on the part of the person represented, Sotheby's may hold the agent solely responsible for the bid that he has made.

Bidding by Telephone: If you cannot attend the live auction, it is possible to bid on the telephone. Multi-lingual staff are available to execute bids for you. This service is provided free of charge. As the number of telephone lines is limited, it is necessary to make arrangements for this service 24 hours before the sale. Telephone bids are accepted only at the caller’s risk. Sotheby’s will not accept any liability for failure to place such bids, in particular if such failure is due to technical problems or any breakdown affecting a telephone line. We also suggest that you leave a covering bid which we can execute on your behalf in the event we are unable to reach you by telephone.

Telephone bidding will be recorded, in the conditions provided by law, to avoid any misunderstanding regarding bidding during the auctions.

Live Online Bidding: If you cannot attend the live auction, it is possible to bid live online. For information about registering to bid, please refer to www.sothebys.com. We draw your attention to the fact that depending on technical contingencies, taking into account bids made online by our computer systems and their display on the control screen of the person directing the sale may require a short delay.

Absentee bids: If you cannot make yourself personally available to participate in the auction, we may execute your written absentee bids. This service is free and confidential. You will find an absentee bid form at the end of this catalogue. All absentee bids must indicate the auction price ("hammer price") not to be exceeded. Absentee bids that do not set a maximum limit or "buy at any price" absentee bids will not be executed. If we receive multiple absentee bids of the same amount for the same lot, we will execute the absentee bid that we receive first.

Purchase orders can be:

- by email: hospicesdebeaune@sothebys.com,

- sent by post to Sotheby's in Paris,

- delivered directly to the premises of Sotheby's in Paris.

In all cases, your written absentee bids must have been received at least 24 hours before the sale. We do not guarantee the execution of any absentee bids we receive after this time.

Since the option to buy parcels is available at the Hospices Civils de Beaune auction (see above), your absentee bids will be deemed to relate to the first barrel of the first series of the cuvée you have mentioned. If the first barrel of the first series is not awarded to you, Sotheby's will automatically execute your absentee bid on the next barrel from the same cuvée which will be auctioned, and so on until a barrel from this cuvée has been awarded to you or that the auction of the barrels of the cuvée is completed. You must also specify in your absentee bid form if you intend to benefit from the multiplication option in the event that a barrel is awarded to you, and within what limit. Without any indication on this point in the absentee bid form, it will only be executed for one barrel.

The Charity's Barrel: The personalities sponsoring the sale will assist the auctioneer during the auction of the Charity's Barrel. In light of the charitable purpose of the funds from the sale of the Charity's Barrel, the payment of its price by the successful bidder will be broken down into two fractions: (i) Sotheby's will manufacture for the successful bidder a market price corresponding to the average price of adjudication (hammer price) of barrels from the same cuvée that were sold during the sale and (ii) the difference between the market price invoiced by Sotheby's and the hammer price of the Charity's Piece will be presented directly by the successful bidder to the to the beneficiary charities as a donation, likely to entitle the successful bidder to a tax deduction depending on his situation. A tax receipt will be issued in return for the payment of the sum mentioned in (ii), it being specified that it will be up to the successful bidder to ensure that he is entitled to a tax deduction. Payment of all the sums indicated in (i) and (ii) must be made no later than on 31 December 2024.

Auction « à la bougie » (after the extinction of candles): During the auction, the Charity’s Barrel will be auctioned according to the traditional method of sale “à la bougie”. The auction will then be pronounced by the auctioneer after the fire has been extinguished, if no new auction occurred during its duration.

Currency Board: As a courtesy to bidders, a currency board may be operated in the salesroom, on which will be displayed the lot number and current bid in both Euros and foreign currencies. Exchange rates are approximations based on recent exchange rate information and should not be relied upon as a precise invoice amount. Sotheby’s assumes no responsibility for any error or omission in the currency amounts shown.

3. AT THE AUCTION

Conditions of Sale: The auction is governed by the Conditions of Sale printed in this catalogue and which are published on Sotheby’s website. Anyone considering bidding in the auction should read the Conditions of Sale carefully. They may be amended by way of notices posted in the salesroom or by way of announcement made by the auctioneer and by display on Sotheby’s website.

Auctioning The auctioneer may commence and advance the bidding at levels he considers appropriate and is entitled to place consecutive and responsive bids on behalf of the seller until the reserve price is achieved.

4. AFTER THE AUCTION

Successful bidders will receive an invoice detailing their purchases and giving instructions for payment.

Results: If you would like to know the result of any absentee bids which you may have instructed us to execute on your behalf, please telephone Sotheby’s on: +33 (0)1 53 05 53 34.

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

- Bank wire transfer in Euros

- Euro cheque

- Credit cards (Visa, Mastercard, American Express, CUP); Please note that 40,000 EUR is the maximum payment that can be accepted by credit card.

It is Sotheby’s policy to require any new clients or buyers to provide proof of identity (by providing some form of government issued identification containing a photograph, such as a passport, identity card or driver’s licence) and confirmation of permanent address. Sotheby's may refuse any payment made by anyone other than the registered bidder at the time of the sale. In all cases, Sotheby’s reserves the right to seek identification of the source of funds received.

Cheques should be made payable to Sotheby’s. Although personal and company cheques drawn up in Euro by a French bank or foreign bank are accepted, you are advised that property will not be released before the final clearing of the cheque, which can take several days, or even several weeks in the case of foreign cheque (credit after clearing).

Bank transfers should be made to:

HSBC Continental Europe

38, avenue Kléber

75116 Paris

Name: Sotheby’s (France) S.A.S.

Account Number: 30056 00050 00502497340 26

IBAN: FR 76 30056 00050 00502497340 26

Swift Code: CCFRFRPP

Please include your name, Sotheby’s account number and invoice number with your instructions to your bank.

No administrative fee is charged for payment by Mastercard and Visa.

Collection of Purchases: Purchases can only be collected after payment in full in cleared funds has been made, appropriate identification has been provided and, if necessary, the source of funds have been provided.

Should lots sold at auction not be collected by the buyer within the time limits set by the Conditions of Sale, those lots will, be stored at the buyer’s risk and expense and then transferred to a storage facility designated by Sotheby’s at the buyer’s risk and expense, as set out in the Conditions of Sale. The sale of lots that have not been collected within six months of the deadline set by the Conditions of Sale will be cancelled.

Insurance: Sotheby's and the seller will not be liable for any loss or damage that the lots may suffer after payment by the buyer. It is the buyers' responsibility to take out insurance for loss or damage occurring after the payment of their purchases.

Export: The export of any property from France or import into any other country may be subject to one or more export or import licences being granted. It is the buyer’s responsibility to obtain any relevant export or import licence. The denial of any export or import licence required or any delay in obtaining such licence cannot justify the cancellation of the sale or any delay in making payment of the total amount due.

Sales and Use Taxes:

Buyers should note that local sales taxes or use taxes may become payable upon import of items following purchase (for example, use tax may be due when purchased items are imported into certain states in the US). Buyers should obtain their own advice in this regard.

In the event that Sotheby’s ships items for a purchaser in this sale to a destination within a US state in which Sotheby’s is registered to collect sales tax, Sotheby’s is obliged to collect and remit the respective state’s sales / use tax in effect on the total purchase price (including hammer price, buyer’s premium, overhead premium and any requested shipping services including insurance, and any other fees to be paid by the buyer as applicable) of such items, regardless of the country in which the purchaser resides or is a citizen. Where the purchaser has provided Sotheby’s with a valid Resale Exemption Certificate prior to the release of the property, sales / use tax will not be charged. Clients who wish to provide resale or exemption documentation for their purchases should contact Post Sale Services.

Clients who wish to have their purchased lots shipped to the US by Sotheby’s are advised to contact the Post Sale Manager listed in the front of this catalogue before arranging shipping.

Economic Sanctions: The United States, the United Kingdom and the European Union maintain economic and trade sanctions against targeted foreign countries, groups and organisations. There may be restrictions on the import into the United States, the United Kingdom and the European Union of certain items originating in sanctioned countries. The purchaser’s inability to import any item into these countries or any other country as a result of these or other restrictions shall not justify cancellation or rescission of the sale or any delay in payment. Please check with Sotheby’s if you are uncertain as to whether a lot is subject to these import restrictions, or any other restrictions on importation or exportation.

VAT: The lots will be offered for sale under the VAT regime on the full price, at the rate of 20%. This VAT will be due on the hammer price as well as on the premiums and other fees to be paid by the buyer. Under certain conditions, the lots may be paid with suspension of VAT, and, in certain specific cases, VAT may be refunded to the buyer at the latest on 31 May 2025. It is specified that invoicing is carried out by lot and that VAT cannot therefore be processed by fraction of lot. For further information, please contact: hospicesdebeaune@sothebys.com.

Registration Disclaimer:

Payment must be received from a bank account or payment card held in the same name as the Sotheby’s bidder account. Please select the bid account that will be used to remit payment for any property you successfully bid on. Sotheby’s reserves the right to decline to rebill purchases to an alternative account after a sale is completed.

United States Clients:

If you are a reseller using a resale certificate to purchase property that is intended for resale, you must register the account associated with the name that appears in the purchaser field of the resale certificate.

Pièce de Charité - Beaune Premier Cru Les Bressandes 2024 (1 PCE)