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11. The buyers should examine the condition of any merchandise prior to the auction, and check whether it conforms to the description provided. Any reference made by Alif Art in a catalogue or in a condition report to the artist, provenance, origin, date, size, manufacturing place, manufacturer and sale price of the merchandise is solely the opinion of Alif Art. Upon the demand of the buyer after the auction, a condition report including the opinions of Alif Art’s experts is submit-ted for the merchandise(s).

12. Buyers are recommended to physically attend auctions. But Alif Art will process the bids placed in writing or by phone prior to the auction in line with these instructions. Neither Alif Art nor any of its agents or personnel accepts any liabil-ity for failing to execute a written bid or for errors or omis-sions in connection therewith. If Alif Art receives two written bids on a particular merchandise both offering the highest amount, the merchandise will be sold to the bidder whose bid offering one of these highest amounts was received and accepted first.

13. Participation in an auction by phone is a service provided to the client by Alif Art. Alif Art may not be held liable if phone connection cannot be established or is interrupted for any reason.

14. The buyer should pay the price of merchandise(s) purchased at the auction together with the commission of 7% + VAT and other payable duties and taxes within one week at the latest. Payments by credit card should be effected within 5 business days following the date of auction, otherwise credit card payments will not be accepted.

15 The buyer placing a bid remains to be bound by that bid un-less another bid legitimately exceeding the value of this bid is accepted.

between TRL 100 and TRL 500 TRL 100 between TRL 500 and TRL 2.000 TRL 250 between TRL 2.000 and TRL 10.000 TRL 500 between TRL 10.000 and TRL 20.000 TRL 1.000 between TRL 20.000 and TRL 50.000 TRL 2.000 between TRL 50.000 and TRL 100.000 TRL 5.000 >TRL 100.000 TRL 10.000

16. Bid increase in the auction is effected by raising the pad-dle. The above table specifies the increase corresponding to each raise. The announcer is authorized to modify these rates at the time of the auction.

17. In case of any typographic, printing or description error in the catalogue, the clarifications provided by the announcer during the auction are taken as basis.

18. Any and all persons becoming eligible to participate in the auction by satisfying the requirement of personal identi-fication and signing the auction participation contract are deemed to have unconditionally accepted the above condi-tions.

19. Pursuant to Article 45 of the Law no 5846, and the Decree no 2006/10880 dated 27.09.2006 of the Parliament, Alif Art’s right of recourse to the owners of the merchandises to be sold at the auction in respect of the contributions payable to the artists, beneficiaries or GESAM hereunder, provided the form of the document be respected, is reserved.

20. The parties irrevocably accept and agree that all disputes be-tween any bidder or owner who refers to Alif Art’s mediation to sell his/her merchandise and Alif Art Antikacılık A.Ş will exclusively be referred to the jurisdiction of competent Şişli Courts and Execution Offices.

The auction will be held and the items sold in TRL. the Euro Prices Indicated in the cataloque are for information only (1 Euro = 2,200 TRL).