conclusion of bidding by striking his hammer. No
voice recording is performed in the auction during
any fact finding process by the notary public or for
any participation by phone. The buyer may no way
whatsoever claim the invalidity of the auction.
11. The buyers should examine the condition of any
merchandise prior to the auction, and check wheth-
er it conforms to the description provided. Any ref-
erence made by Alif Art in a catalogue or in a con-
dition 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 auc-
tion, a condition report including the opinions of Alif
Art’s experts is submitted for the merchandise(s).
12. Buyers are recommended to physically attend auc-
tions. 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 writ-
ten 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 estab-
lished or is interrupted for any reason.
14. The buyer should pay the price of merchandise(s)
purchased at the auction together with the commis-
sion of 7% + VAT and other payable duties and taxes
within 30 days at the latest.
Payments by credit
card should be effected within 5 business
days following the date of auction, other-
wise credit card payments will not be ac-
cepted.
15 The buyer placing a bid remains to be bound by that
bid unless another bid legitimately exceeding the
value of this bid is accepted.
Between 100
and 500
Ğ
100
Ğ
Between 500
and 2.000
Ğ
250
Ğ
Between 2.000
and 10.000
Ğ
500
Ğ
Between 10.000 and 20.000
Ğ
1.000
Ğ
Between 20.000 and 50.000
Ğ
2.000
Ğ
Between 50.000 and 100.000
Ğ
5.000
Ğ
Above 100.000
Ğ
10.000
Ğ
16. Bid increase in the auction is effected by raising the
paddle. The above table specifies the increase cor-
responding to each raise. The announcer is author-
ized 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 ba-
sis.
18. Any and all persons becoming eligible to participate
in the auction by satisfying the requirement of per-
sonal identification and signing the auction partici-
pation 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 Parlia-
ment, 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, beneficiar-
ies or GESAM hereunder, provided the form of the
document be respected, is reserved.
20. The parties irrevocably accept and agree that all dis-
putes between 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 Istanbul Courts and
Execution Offices.
The auction will be held and the items sold in
Ğ
. the
EuroPrices Indicated in the cataloque are for information
only (1
€
= 2,30
Ğ
).