拍品的状况可能存在极大差异，而由于其性质使然，拍品难以处于完美无瑕的状态。拍品均以拍卖时的状况出售。

The condition of lots can vary widely and the nature of the lots sold means that they are unlikely to be in a perfect condition. Lots are sold in the condition they are in at the time of sale.

Movement: The movement is running at the time of cataloging. The chronograph does not function. The movement has not been tested for accuracy. A service is recommended.
Dial: The dial and hands show signs of aging and wear. Surface spotting and discoloration throughout. The dial is with an applied Ferrari logo in soft enamel.
Case: The case shows signs of wear scratches and nicks and dings throughout. The crown is later. The crystal has light scratches. The caseback has dings. The hallmark is slightly visible but faded. The present lot is personally inscribed "A Gigi Villoresi 1 Ass. al Circ. Siracusa Enzo Ferrari 1951."
Buckle: The buckle is a gold tone generic buckle.
Overall Condition: Fair

1. All lots are sold "AS IS", and this condition report is provided purely as a goodwill service and may not specify all mechanical replacements or defects. The absence of any reference to the condition of a lot does not imply that the lot is in good condition and without defects, repairs, or restoration. You are accordingly encouraged to view the lots personally or through your own professional advisor.

2. For further information on these issues, please refer to the terms and conditions.

We thank you for your interest in the forthcoming sale. We remind you again that all property is sold “as is” and should be viewed personally by you or by your professional advisor before the sale to assess its condition.