26
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 30 days at the latest.
Payments by credit card should be effected with-
in 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
100 - 500
Ğ
100
Ğ
Between
500 - 2.000
Ğ
250
Ğ
Between 2.000 - 10.000
Ğ
500
Ğ
Between 10.000 - 20.000
Ğ
1.000
Ğ
Between 20.000 - 50.000
Ğ
2.000
Ğ
Between 50.000 - 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 corresponding to eac
raise. The announcer is authorized to modify these rates at th
time of the auction.
17. In case of any typographic, printing or description error in th
catalogue, the clarifications provided by the announcer durin
the auction are taken as basis.
18. Any and all persons becoming eligible to participate in th
auction by satisfying the requirement of personal identificatio
and signing the auction participation contract are deemed t
have unconditionally accepted the above conditions.
19. Pursuant to Article 45 of the Law no 5846, and the Decre
no 2006/10880 dated 27.09.2006 of the Parliament, Alif Art’
right of recourse to the owners of the merchandises to be sol
at the auction in respect of the contributions payable to th
artists, beneficiaries or GESAM hereunder, provided the for
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 mediatio
to sell his/her merchandise and Alif Art Antikacılık A.Ş will ex
clusively be referred to the jurisdiction of competent Istanbu
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
€
= 2,30
Ğ
)