5
1. AUCTION SALES CONDITIONS
We recommend you to read very carefully all the con-
ditions set in the present catalogue with regard to all
the work put on sale.
2. ESTIMATED PRICE
The catalogue includes the estimated sales price de-
termined by our advisors for each work to be sold at
auction. The estimated price is determined by con-
sidering factors such as the condition, the rarity, the
quality, the origin (the history of the previous owners,
the person for whom it was made, and the person(s)
who used it) of the work. The estimated price does not
include the V.A.T. and other taxes and fees payable by
the purchaser. In the event whereby the work “OFFER”
appears instead of the estimated price, please submit
your offer to ALIF ART.
3. RESERVE VALUE
Unless otherwise specified, a “Reserve value” is de-
termined for every work included in the present cata-
logue. This confidential value is the value for which
the owner accept to sell and the relevant work can-
not be sold for any price below this value. The reserve
value cannot be above the estimate price indicated in
the catalogue. Works for which a Reserve value is not
determined are indicated with an asterix “*”.
4. REGISTRATION OF THE PURCHASERS
Purchasers must have themselves registered and take
a flag at least thirty (30) minutes before the auction.
5. RAISING PADLES
The auctioneer shall attend and conduct the session so
that participants may attend by telephone or by those
present, having submitted a written reservation, and
raising padles either by themselves or by their repre-
sentatives at the table.
Until a work reaches its reserve value the auctioneer
may conclude the sale either through his/her own
initiative or according to those who participate by tel-
ephone or padles raised by those having submitted a
written reservation.
The auctioneer shall refuse the padles determined to
be raised by the owner of the relevant work or on his/
her/its behalf. In no event shall the auctioneer be en-
titled to bid on behalf of the owner for values equal or
above the Reserve value.
6.
Potential purchasers not attending the session shall be
entitled to apply to ALIF ART and request the flag to be
raised on their behalf for a given work up to a maxi-
mum price they will indicate.
The attendants of ALIF ART shall rise padles consider-
ing the Reserve value in a way to enable to purchase
the work for a lowest possible price.
In the event whereby two or more written reservations
raise padles for a same value, priority will be given to
the one having submitted the written reservation earli-
est.
In the event whereby the price offered in the auction
room is below the one specified in a written reserva-
tion, the work will be remitted to the bidder having of-
fered in his/her/its reservation a price above the one
offered in the room, whatever such a value may be.
The written reserve form is included in the catalogue it
can also be downloaded from the web address.
Those wishing to purchase from the auction may par-
ticipate during the session by calling the telephone
numbers provided in the catalogue. Such participants
must call ALIF ART at least twenty four (24) hours in
advance and inform that they intend to participate in
the auction by telephone.
7.
ALIF ART provides the written reservation and par-
ticipation by telephone services as a commodity to its
clients. Any price increase (bid) by telephone may be
registered. Such records shall be used to convince a
potential purchaser.
However, ALIF ART may not be held responsible for
any eventual error or inaccuracy during the session.
8.
The bids generally start below the minimum appraised
value. Padles shall be raised in accordance with the
following chart. The auctioneer shall be entitled to
change the bidding intervals.
9. THE HAMMER PRICE
Between
Ğ
100
-
Ğ
500
Ğ
100
Between
Ğ
500
-
Ğ
2.000
Ğ
250
Between
Ğ
2.000
-
Ğ
10.000
Ğ
500
Between
Ğ
10.000 -
Ğ
20.000
Ğ
1.000
Between
Ğ
20.000 -
Ğ
50.000
Ğ
2.000
Between
Ğ
50.000 -
Ğ
100.000
Ğ
5.000
Above
Ğ
100.000
Ğ
10.000
The hammer price becomes definitive by the word
“SOLD” pronounced by the auctioneer. Purchasers
shall be responsible for their bids made by raising their
flag. The results related to the written reservations
shall be notified after the session by telephone, e-mail,
mail or carrier. The purchaser shall pay a 7 % commis-
sion calculated on the basis of the hammer price as
well as the VAT and other relevant taxes and withdraw
the object(s) within 30 days at the latest.
All credits cards payements should be done
within 5 business days after the session.
The Auction will be held and the items sold in TRL.
The Euro Prices Indicated in the cataloque are for
information only. (
€
1 =
Ğ
3,09)
ALIF ART AUCTION SALES CONDITIONS
