89
merchandise prior to the auction, and check
whether it conforms to the description pro-
vided. Any reference made by Alif Art in a
catalogue or in a condition report to the artist,
provenance, origin, date, size, manufactur-
ing 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 opin-
ions 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 auc-
tion in line with these instructions. Neither
Alif Art nor any of its agents or personnel ac-
cepts any liability for failing to execute a writ-
ten bid or for errors or omissions in connec-
tion therewith. If Alif Art receives two written
bids on a particular merchandise both offer-
ing the highest amount, the merchandise will
be sold to the bidder whose bid offering one of
these highest amounts was received and ac-
cepted first.
13. Participation in an auction by phone is a serv-
ice provided to the client by Alif Art. Alif Art
may not be held liable if phone connection
cannot be established or is interrupted for any
reason.
14. The buyer should pay the price of
merchandise(s) purchased at the auction to-
gether 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 within 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 unless another bid legitimately ex-
ceeding the value of this bid is accepted.
between
Ğ
100
and
Ğ
500
Ğ
100
between
Ğ
500
and
Ğ
2.000
Ğ
250
between
Ğ
2.000
and
Ğ
10.000
Ğ
500
between
Ğ
10.000 and
Ğ
20.000
Ğ
1.000
between
Ğ
20.000 and
Ğ
50.000
Ğ
2.000
between
Ğ
50.000 and
Ğ
100.000
Ğ
5.000
Above
Ğ
100.000
Ğ
10.000
16. Bid increase in the auction is effected by rais-
ing the paddle. The above table specifies the
increase corresponding to each raise. The an-
nouncer is authorized to modify these rates at
the time of the auction.
17. In case of any typographic, printing or de-
scription error in the catalogue, the clarifica-
tions 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 docu-
ment be respected, is reserved.
20. The parties irrevocably accept and agree that
all disputes 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 Of-
fices.
The auction will be held and the items sold in
Ğ
.
the Euro Prices Indicated in the cataloque are for
information only (
€
1 =
Ğ
3,09).
