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371
11. The buyers should examine the condition of any merchandise
prior to the auction, and check whether it conforms to the de-
scription provided. Any reference made by Alif Art in a cata-
logue 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 in-
cluding the opinions of Alif Art’s experts is submitted 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 liability for failing to
execute a written bid or for errors or omissions in connection
therewith. If Alif Art receives two written bids on a particular
merchandise both offering the highest amount, the merchan-
dise 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 con-
nection 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 pay-
ments 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 paddle.
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 identification
and signing the auction participation contract are deemed to
have unconditionally accepted the above conditions.
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 = 2,35 TRL)