Page 208 - muz0690

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1) Alif Art acts as agent for the seller, and acts as a seller
incidentally for the lots financed by itself.
2. All merchandises offered for sale at auctions shall
have to comply with Law no 2863 on the protection of
Cultural and Natural Property, and they are control-
led prior to the auction by experts appointed by the
Topkapı Palace Museum, the Turkish Islamic Works
of Art Museum, the Istanbul Archaeology Museum,
the Military Museum, the Yıldız Palace Museum and
the Ayasofya Museum. A certificate will be issued by
authorities concerned to any item if deemed neces-
sary from the angle of legal considerations.
3. Descriptions are generally made in the catalogue in
regard to the restoration, repair or renewal of certain
parts of the merchandise, yet the company cannot be
held responsible for such repair or restorations. All
merchandises are available for examination prior to
auctions, therefore all prospective bidders participat-
ing in the auction are deemed to have duly observed
and examined the merchandises beforehand. All
information provided by our experts in the auction
catalogue for the merchandises are exclusively in
nature of opinion statements and is not to be relied
as statements of facts. Bidders accept and covenant
that all merchandises are sold “AS IS”, that the buyer
has adequately examined the merchandise, and that
the buyer waives from the enforcement of Article 198
under the Code of Obligations. It is not compulsory
to state in wording for all merchandises that such
merchandise is sold “as is”. Details and any sort of
notice regarding the merchandise do not constitute a
guarantee, and are only in nature of general informa-
tion. The buyer accepts this condition in advance. Alif
Art is not liable for guarantee upon the merchandise
sold. The buyer will not raise any objection and make
any claim to Alif Art in this respect subsequently.
4. The final sale price of the merchandise is calculated
by adding on the hammer price a commission of 7%
+ VAT and any applicable tax and other levies. If the
buyer fails to make full payment within the required
time, Alif Art will be entitled to cancel the sale with-
out further notice and indemnify all its losses together
with the accrued interest, legal fees and costs for the
recovery of the invoice total together with legal inter-
est accruing as of the date of such invoice. Alif Art
reserves the right to seek in its own discretion other
remedies and rights available by law. The merchan-
dise will not be released and delivered to the buyer un-
less all costs incurred by Alif Art for the storage and
safekeeping of that merchandise until the collection of
the invoice value have been paid by the buyer.
5. Alif Art holds the insurance liability of the merchan-
dise for a period of one week following the sale. Re-
sponsibility of any damage to the auction item sold
but not paid for and delivered from Alif Art within
one week shall lie with the buyer. By arranging for the
insurance of the merchandise purchased, the buyer
may have the merchandise maintained by Alif Art.
6. Alif Art is entitled to, without producing any reason,
refuse to admit any person to the auction, withdraw
or divide any merchandise, combine any two or more
merchandises, refuse the sale of any merchandise, or
administer the auction without following the order of
lot numbers as they appear in the catalogue.
7. In case the merchandise offered for sale under this
auction does not conform to its respective quality
particulars stated, or its provenance contradicts with
the stated, or it has been offered for sale without the
knowledge and will of its lawful owner, then all legal
liabilities will lie with the entity asking for auctioning
such merchandise.
8. Pictures published in the catalogue may not be repro-
duced or printed, or any written information may not
be used without the prior consent of Alif Art.
9. Real and corporate entities participating in the auction
and purchasing the merchandise at a minimum price
of TL 12.000 (twelve thousand) will be subject to per-
sonal identification in accordance with Law no 4208.
10. All biddings at auctions are affected by raising ap-
propriate paddles. The buyer is committed to the bid
placed by raising his/her paddle. The auctioneer ac-
cepts the highest bidder as the buyer and marks the
CONDITIONS OF SALE